Northern Iron Corp. extends zone with 443 metres of magnetite mineralization open at depth on the Karas property


  • Intersection of 443.15 Metres of 32.43% Fe2O3 on Hole KA-11-18 including 77.6 Metres of 43.21% Fe2O3

VANCOUVER, Nov. 9, 2011 /CNW/ - Northern Iron Corp ("Northern") (TSXV: NFE) (FRANKFURT: N8I) today released assay results for drill hole KA-11-18 on the Karas property. The drill holes continue testing the true thickness of the magnetite mineralization north and in line with the previously released holes, which is still open towards the north and at depth.

"The intersection is just short of half a kilometre of magnetite mineralization and still open at depth, which is an excellent result and stands out as one of the best drill holes to date.  The tightly folded banded iron formation on the Karas property demonstrates a continuous formation from surface to depth with a magnetic signature of 800 metres by 500 metres at surface." said Basil Botha, President & CEO.

Hole KA-11-18 tests the northern end of the magnetite mineralization, and intersects a continuous mineralized interval of magnetite mineralization. The hole is directed as perpendicular as possible to the mineralized zone, and terminated in magnetite mineralization.  The zone remains open at depth.

Highlights of hole KA-11-18 are summarized in the table below.

Hole   From To Interval Fe2O3
KA-11-18   80.25 523.4 443.15* 32.43
  including 80.25 478.18 397.93 33.77
  including 392.4 470 77.6 43.21
  including 250 321 71 40.00

*Mineralization open at depth.

To date, 21 of the planned 30 drill holes (approximately 10,000 metre program) have been completed on Northern's 100% owned Karas property, located 15km northeast of the town of Ear Falls, Red Lake mining district, Ontario. The 10,000 metre drill program is being completed to define a mineral resource on the property by the end of 2011.

All 2011 drill holes were surveyed using a Reflex Maxibor II probe to monitor drill hole deviations in magnetic disturbed environments. Northern's personnel were trained "on-site" by Reflex personnel to operate the instrument and process the survey data. All collars are surveyed by Northern's personnel using an APS differential GPS with 3cm accuracy immediately after the holes are completed. The QA/QC protocol system employed during the 2011 exploration program included procedures for monitoring the chain-of-custody of samples and the insertion of blank samples in every batch of samples. Cross-check analyses are planned to be conducted at a second external laboratory from blind duplicate samples. Drill core samples are being prepared at SGS Canada Inc. in Red Lake, Ontario and assayed at SGS Canada Inc., in Lakeview, Ontario.

Raul Sanabria, P. Geo., is the Qualified Person for the purposes of National Instrument 43-101 for the Karas Exploration Project. Mr. Sanabria has verified and approved the contents of this news release.

About Northern Iron

Northern Iron is a mineral resource company engaged in reviving a past producing iron mine and concurrent exploration of high quality iron ore resources in the Red Lake mining division, district of Kenora, Ontario, Canada.

Northern Iron holds 100% interest in minerals claims covering approximately 14,672 hectares, comprised of the El Sol Property, the past producing Griffith Property, the Karas Property, the Papaonga Property and the Whitemud-Slate Property.

The Griffith Mine owned at the time by Stelco, produced 78.8 million tonnes of iron ore for conversion to pellets and DRI from 1968-1989. Total magnetic iron recovery was 86.26%

The Red Lake area is accessible year round by Highway 105, which joins the Trans Canada highway at Vermillion Bay, 175 km south and 100 km east of Kenora. Commercial air services operate to Red Lake from Thunder Bay, Ontario and Winnipeg, Manitoba

Cautionary Statement

The foregoing information may contain forward-looking statements relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  No stock exchange, securities commission or other regulatory authority has approved of disapproved the information contained herein.  


SOURCE Northern Iron Corp.

For further information:

Basil Botha
President & CEO
Northern Iron Corp.

Tel:     604-566-8570
Fax:    604-602-9868

Follow us on Twitter: @NorthernIC

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