Thor Vein Returns Strong Gold Grades For Northern Abitibi

Discovered earlier this season by trenching, the Thor vein at the Viking gold project near Sops Arm, Nfld., is proving to be a promising discovery, reports operator Northern Abitibi Mining (NAI-V, NOMNF-o).

The first two holes from a 10- hole program have returned high-grade gold mineralization in the vein, which consists of a zone 1.5-8 metres in width, hosting individual quartz-sulphide veins ranging from 0.3-1.8 metres wide.

Hole 1 returned 5.8 metres grading 33.7 grams gold per tonne, including 3.7 metres grading 50.1 grams gold and 0.5 metre grading 218.8 grams gold.

Hole 2 intersected 3.8 metres grading 16.12 grams gold, including 0.4 metre of 35.8 grams gold and 0.5 metre of 41.66 grams gold.

Both of these holes intersected a second smaller, high-grade footwall vein running roughly sub-parallel to the Thor vein but located about 30 metres below it. The footwall contained visible gold and returned intervals of 1 metre grading 4.7 grams gold in the first hole and 1 metre grading 37.6 grams gold in the second.

Results from the other eight holes are pending. The mineralization is a part of a large gold-bearing system within a 4-km-long gold-in-soil anomaly.

Northern Abitibi has the option to earn 51% in the project from Altius Minerals (ALS-T, ATUSF-O) by issuing 1.1 million shares of Northern Abitibi and spending $1.2 million in exploration over four years.