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Unread 04-07-2015, 05:56 AM
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Northern Iron completes magnetic survey at Griffith


2015-04-07 04:11 MT - News Release


Mr. Basil Botha reports

NORTHERN IRON CORP. COMPLETES MAGNETIC SURVEY AND WATER SAMPLING PROGRAM ON THE GRIFFITH MINE PIT

Northern Iron Corp. has completed a magnetic survey and water sampling program on the Griffith mine pit.

The magnetic survey comprised 14 lines over approximately two-thirds of the north pit. The survey resulted in a large volume of raw data which, once analyzed, will allow the company to plan and execute a drill program, once the pit has been partially dewatered.

An integral part of the expected drill program is the requirement to dewater. The water sampling program provided the raw data required to complete the company's submission of a permit to dewater an additional 15 metres below the 25-metre dewatering permit previously issued by the Ministry of Environment.

Basil Botha, president and chief executive officer, commented: "This time of the year allowed us to deploy a two-man crew to complete the magnetic survey over the frozen pit and auger a hole through the ice to take a series of water samples at various levels. When one considers the value of the datasets collected, the work programs are low cost and the data invaluable. The water samples will assist us in our submission of the second dewatering application for an additional 15 metres, allowing the company to dewater a total of 40 metres. Gaining access deeper into the pit will expose the benches in the southern part of the pit on which to begin a drill program."

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