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northern abitibi mining corp (NAI) Snapshot

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05/5/14 - C$0.03
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Market Cap
421.5K
Average Volume 10 Days
27.9K
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Shares Outstanding
84.3M
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northern abitibi mining corp (NAI) Details

Northern Abitibi Mining Corp., a junior exploration company, identifies, acquires, explores, and develops mineral properties in Canada. It has an agreement to purchase a 100% interest in the Ches copper-molybdenum-tungsten exploration project located in central British Columbia. The company is headquartered in Calgary, Canada.

northern abitibi mining corp (NAI) Top Compensated Officers

Chief Executive Officer, President, Director ...
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Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

northern abitibi mining corp (NAI) Key Developments

Northern Abitibi Mining Corp. Announces Assay Results for Surface Sampling at Ches Property in Central British Columbia

Northern Abitibi Mining Corp. announced assay results for surface sampling at the company's Ches property in Central British Columbia. During 2014 the company excavated, mapped, and sampled, 7 trenches at Ches and collected a total of 274 surface rock samples for assay. Trenching and surface mapping have successfully traced alteration and variable sulfide mineralization over an area at least 1.5 km long by 0.5 km wide. Minor limestone and marble beds have been exposed along with fine grained bedded clastic sedimentary rocks and intrusive rocks, with select beds containing garnet, pyroxene, or actinolite skarn with sulfides. A 1.5 metre chip sample from the Exo road quarry returned 1.25% zinc, 0.16% copper, 0.12% tungsten trioxide (WO3), and 2.6 g/t silver. Trenching adjacent to the main access road returned chip samples grading 0.33% copper, 3.73 g/t silver and 0.03% WO3 over 4.5 metres, including 0.61% copper, 7.4 g/t silver, and 0.05% WO3 over 1.5 metres. In addition a 1.5 metre chip sample from the eastern side of the property returned 38.1 g/t silver and 0.1% zinc from altered granitic intrusive rock. A grab sample located several hundred metres southwest of previously documented mineralization returned 0.33% copper, 0.1% WO3, 0.21% zinc, and 5.2 g/t silver, showing the system remains open for exploration. Significant intervals of highly anomalous copper and zinc have been encountered in the trenches demonstrating the system contains significant anomalies in bedrock. These values range from 200 to 1000 ppm copper, and 200 to 5150 ppm zinc. The company is currently evaluating the trenching results and the newly acquired geologic information to determine if additional trenching targets or drill targets can be identified.

Northern Abitibi Mining Corp. Announces Completion of its Ches Property in Central British Columbia

Northern Abitibi Mining Corp. announced that the planned 2014 exploration program has been completed at the company's Ches property in Central British Columbia. The 9 day exploration program included the mechanical excavation of 7 trenches which were subsequently washed, mapped, and chip sampled. During the program a total of 274 surface rock samples were collected and sent to Activation Laboratories in Kamloops for assay, with results expected in 4 to 6 weeks. Trenching and surface mapping have successfully traced alteration and variable sulfide mineralization over an area at least 1.5 kilometres long by 0.5 kilometres wide. Several new exposures containing variable amounts of chalcopyrite-molybdenite-sphalerite-scheelite have been uncovered and then sampled to determine if they have potential for economic grades. Geologic mapping and field data is presently being compiled and interpreted and will be presented along with assay results as they become available. The road accessible Ches Property is located 80 kilometres south of Burns Lake on the south side of Ootsa Lake. Mineralization consists of pyrrhotite-chalcopyrite-scheelite replacement (skarn) style mineralization in calcareous sedimentary rocks and quartz chalcopyrite-molybdenite-scheelite stockwork veining in fine grained siltstones. Historic Assessment Reports state average grades from surface sampling of 0.52% copper and 4.7 g/t silver over a zone 350 metres wide, and copper in soil geochemical anomalies up to 350 metres wide and 800 to 1,500 metres long, and open along strike. Subsequent surface grab sampling reported in a 2009 Technical Report by Scarlet Resources Ltd. returned values up to 1% copper, 16 g/t silver, and 0.3% tungsten from the replacement-skarn style mineralization, and values up to 0.45% copper, 0.02% molybdenum, 7 g/t silver, and 0.1% tungsten from the stockwork zone. These mineralized zones have never been trenched or drill tested. The sampling results above are considered historic in nature, they have not been confirmed by Northern Abitibi, and should not be relied upon.

Northern Abitibi Mining Corp. Commences Exploration at Ches Property, British Columbia

Northern Abitibi Mining Corp. announced that exploration will commence shortly at the Ches property in Central British Columbia. An evacuation order for the area was issued in July due to a large uncontrolled wildfire over the Ches project area. This order has recently been lifted and Northern Abitibi exploration personnel can now access the area. The company will immediately start a field program consisting of mapping, soil and rock channel sampling, and excavator trenching to evaluate and expand known zones of mineralization previously exposed in logging road cuts on the property. The Ches Property: The road accessible Ches Property is located 80 kilometres south of Burns Lake on the south side of Ootsa Lake. Mineralization consists of pyrrhotite-chalcopyrite-scheelite replacement (skarn) style mineralization in calcareous sedimentary rocks and quartz chalcopyrite-molybdenite-scheelite stockwork veining in fine grained siltstones. Historic Assessment Reports state average grades from surface sampling of 0.52% copper and 4.7 g/t silver over a zone 350 metres wide, and copper in soil geochemical anomalies up to 350 metres wide and 800 to 1500 metres long, and open along strike. Subsequent surface grab sampling reported in a 2009 Technical Report by Scarlet Resources Ltd. returned values up to 1% copper, 16 g/t silver, and 0.3% tungsten from the replacement-skarn style mineralization, and values up to 0.45% copper, 0.02% molybdenum, 7 g/t silver, and 0.1% tungsten from the stockwork zone. These mineralized zones have never been trenched or drill tested. The sampling results above are considered historic in nature, they have not been confirmed by Northern Abitibi, and should not be relied upon.

 

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