Page 42 G a r d e w i n e i s p r o u d t o p r o v i d e a w i d e r a n g e o f t r a n s p o r t a t i o n a n d l o g i s t i c s s o l u t i o n s t o O n t a r io s m in in g in d u s t r y G a r d e w i n e N o r t h N o r t h e r n B u l k N o r t h e r n C a r t a g e N o r t h e r n D e c k No r t he r n L o g i s t i c s w w w g a rd e w i n e c om By Frank Giorno NOR THERN GOLD MININ G INC TSX VENTURENGM has ac quired 20 patented mining claims in Garrison T ownship from Lac Proper ties Inc a whollyowned subsidiary of Barrick Gold Corporation The claims are contiguous to the west north and south Northern Gold s Gar rison Property Northern Gold purchased the property from Lac Properties Inc for 750000 Cdn and the issuance of Northern Gold common shares to Barrick Gold having a value of 250000 based on a 10day avera ge trading price prior to the issuance being 401 131 1 Com mon shares at a price of about 006 per share Barrick Gold also retains the right to purchase backinright up to 51 per cent of the property from Northern Gold should a resource as defned in the NI 43101 totaling 4 million ounces of gold or gold equivalent be identifed on the property If the gold or gold equivalent is found in such a magnitude Northern Gold will re ceive a cash reimbursement equal to double the exploration costs incurred since the date of the transaction In addition Northern Gold will be awarded a royalty of two percent of net smelter returns NSR from pro duction on the property with the op tion by the Northern to purchase 05 percent of the NSR for the amount of 1000000 W e welcome Barrick Gold Corpora tion as a new shareholder of Northern Gold Mining Inc said Martin Shef sky President and CEO of Northern Gold W e are excited to acquire the contiguous claims from Lac Proper ties as the mineralization from our Jonpol Garrcon and 903 Zone exten donto these claims Following the completion of the sale of the property to Northern Gold their Golden Bear Project now holds min eral properties covering more than 22000 hectares The Lac Properties claims in Garrison were previously explored by Dome Mines and W right Har greaves Mines in the 1940s They were last active in 1991 when owned by Lac The his torical explorat ion from that time was not supervised by a qualifed person in accordance with NI 43101 North ern Gold cautions against relying on this historical work when considering investment and is suffciently rel evant and reliable to indicate explora tion potential only Diamond drilling in the 1940s through the 1990s totaled 81 holes for approximately 17000 metres and out lined several goldbearing zones No gold mineral resource estimate has been developed for the Lac Proper ties However many of the zones on the properties had signifcant strike length and width For example an area known as the 903 Zone that lies in the southern portion of the property is hosted by linear syenite intrusives along a strike length of 730 metres Syenites are any of a class of intrusive igneous rocks essentially composed of an alkali feldspars and a ferromag nesian minerals A second zone on the property known as the JD Zone which is an extenstion of Northern Gold s Jonpol Deposit Northern Gold pur chases Lac Pr operty in Garrison as Barrick Gold r etains up to a 51 back in right on the Pr operty and becomes a Shar eholder of Northern Gold Contd on pg 43