Northern Abitibi Mining Corp. is a Canadian Junior Exploration Company with an experienced exploration team that is focused on identifying, acquiring and developing high potential North American exploration projects in a timely, responsible and cost-effective manner.
Northern Abitibi has recently optioned the Ches Property in British Columbia, which contains a large bulk minable copper-molybdenum-silver-tungsten target. The project is road accessible and contains pyrrhotite-chalcopyrite-scheelite replacement (skarn) style mineralization in calcareous sedimentary rocks and quartz chalcopyrite-molybdenite-scheelite stockwork veining in fine grained siltstones. Historic Assessment Reports state average grades from surface sampling of 0.52% copper and 4.7 g/t silver over a zone 350 metres wide, and copper in soil geochemical anomalies up to 350 metres wide and 800 to 1500 metres long, and open along strike. Subsequent surface grab sampling reported in a 2009 Technical Report by Scarlet Resources Ltd. returned values up to 1% copper, 16 g/t silver, and 0.3% tungsten from the replacement-skarn style mineralization, and values up to 0.45% copper, 0.02% molybdenum, 7 g/t silver, and 0.1% tungsten from the stockwork zone. These mineralized zones have never been trenched or drill tested. The sampling results above are considered historic in nature, they have not been confirmed by Northern Abitibi, and should not be relied upon.
Northern Abitibi owns 11 million shares of Spruce Ridge Resources Ltd. (22.7%) which owns the Viking Gold Project located in Newfoundland and Labrador. In 2009 Northern Abitibi discovered a new gold trend at Viking (Thor Trend) and defined it by drilling over a strike length of 1300 metres. Drilling highlights include 4.8 metres grading 41.4 g/t gold, 3.7 metres grading 50 g/t gold, 27 metres grading 7.9 g/t gold, and 23 metres grading 5.12 g/t gold. The Viking project contains a NI 43-101 compliant resource estimate dated December 7, 2011. At a cut-off grade of 0.20 g/t gold, the Thor Trend deposit contains an indicated resource of 98,000 ounces gold (3,232,000 tonnes at an average grade of 0.95 g/t) plus an inferred resource of 45,000 ounces gold (2,123,000 tonnes at an average grade of 0.66 g/t). The deposit remains open for expansion. In 2013 Northern Abitibi sold the Viking Gold deposit to Spruce Ridge.
** Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves. An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified.