Wednesday, March 11, 2009

Norther Star Gets 46.9 m Of 1.10 g/t Gold From Hole On Malarctic-Midway Project

Northern Star Mining Corp. announced the results from a hole drilled on the Osisko and Goldex sub-zones in its Malarctic-Midway gold project in Quebec. Hole MC-08-142 hit a 46.9 m interval of gold graded at 1.10 g/t. There was a sub-interval of 1.5 m with 8.90 g/t. The news release also details the results from assaying four other holes on Osisko and Goldex, and notes that the true width of the zone is approximately 75% of the core length. There's also four drill hole results from the Chabela zone: hole MC-08-140 had 1.2 m of 10.70 g/t gold. No true-width estimate was specified for the Chabela results.

Northern Star closed at 59 cents yesterday. As of the time of this posting, the bid-ask spread was 54-60 cents.

The company's Google Finance web page is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.

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