Northland Starts Two Swedish Drill Programs.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Buck Morrow mor·row n. 1. The following day: resolved to set out on the morrow. 2. The time immediately subsequent to a particular event. 3. Archaic The morning. , President of Northland north·land also North·land n. A region in the north of a country or an area. north land Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:NAU (1) (Network Access Unit) An interface card that adapts a computer to a local area network. (2) (Network Addressable Unit) An SNA component that can be referenced by name and address, which includes the SSCP, LU and PU. ) ("Northland") is pleased to announce that drill rigs have arrived at the Barsele gold project and the Stora Sahavaara magnetite magnetite (măg`nətīt), lustrous black, magnetic mineral, Fe3O4. It occurs in crystals of the cubic system, in masses, and as a loose sand. project, both in Sweden. Drilling at both projects is underway. Barsele-Norra Gold Project, Sweden Northland's geologists are planning up to 2,500m of core drilling in the current program at the Barsele / Norra gold project: the final meterage will depend on the timing of the spring thaw. The objectives of the program are to continue with the larger diameter drilling within the limits of the existing resource to confirm the potential to increase the average gold grade in the resource, and to convert inferred resources to indicated resources. A more extensive program is planned for later in the year once additional rigs have been secured. Stora Sahavaara A second drill rig has arrived at the Stora Sahavaara magnetite iron project and drilling is underway. Up to 2,000m of core drilling is planned, depending on the timing of the spring thaw. Northland's technical staff have completed an internal company resource calculation which is currently being reviewed by an independent third party consultant. Management's objective for the coming year is to outline a resource of at least 200-million tonnes of magnetite at Stora Sahavaara for incorporation into a full feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. . NI43-101 Statement In a news release dated March 1, 2006 Northland announced the results of the most recent NI43-101 compliant gold resource calculation for the 100%-owned Barsele-Norra gold project. The calculation was audited by Chlumsky Armbrust & Meyer LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (CAM), an independent, mineral resource, consulting and engineering group based in Lakewood, Colorado The City of Lakewood is a home rule municipality located in Jefferson County, Colorado, United States. Lakewood is the fourth most populous city in the State of Colorado and the 164th most populous city in the United States. . Using a 0.7g/t Au cut off the indicated and inferred resources are:
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Indicated Resources(i) at a 0.7g/t Au cut off
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Zone Tonnes Grade Au g/t Contained Oz Au
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Central 5,123,844 1.67 275,602
Avan 1,596,368 1.36 69,661
Norra 247,670 2.43 19,325
Skirasen 656,745 1.36 28,736
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Total 7,624,627 1.60 393,324
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Inferred Resources(i) at a 0.7g/t Au cut off
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Zone Tonnes Grade Au g/t Contained Oz Au
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Central 4,100,794 1.62 213,850
Avan 3,428,178 1.41 155,536
Norra 78,429 2.33 5,866
Skirasen 1,418,619 1.35 61,789
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Total 9,206,020 1.51 437,041
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(i)The resource calculation was done using the Inverse Distance
Weighting Method.
Mineral resource estimates, geostatistics and resource model construction were completed using MineSight three-dimensional modelling software. The resource estimates were prepared by Bart Stryhas, PhD, structural geology structural geology Scientific discipline concerned with rock deformation on both small and large scales. Its scope ranges from submicroscopic lattice defects in crystals to fault structures and fold systems of the Earth's crust. , and Vance Thornsberry, P Geol. The resource model and estimates were subsequently reviewed by Chlumsky Armbrust & Meyer LLC (CAM), an independent, mineral resource, consulting and engineering group based in Lakewood, Colorado. CAM has reviewed the database and modeling procedures used by Northland to update the Central Zone model. On the basis of this review CAM believes that the updated Central Zone model has been prepared according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. accepted engineering practice for project at this level of development and that the results obtained are suitable for determining if further exploration work on the property is warranted. Vance V. Thornsberry, P.Geol., Vice President of Exploration for Northland Resources, is the Qualified Person as defined in NI43-101, responsible for overseeing the design and execution of the Barsele exploration program and for the design and execution of the Stora Sahavaara drill program. In accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with NI 43-101, Mr. Thornsberry has verified the data disclosed in this release other than certain information provided by MinMet PLC. Background Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland. ON BEHALF OF THE BOARD Buck Morrow NORTHLAND RESOURCES INC. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not take responsibility for the accuracy of this release. Northland Resources Inc. (TSX VENTURE:NAU) |
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