Northern Nickel Mining Prepares Golden Rose Gold Mine for 2012 Work

BURLINGTON, ON, Nov. 3, 2011 /CNW/ - Northern Nickel Mining Inc. has recently been advised that, due to a change in Corporate focus, Goldfinder Explorations (GFN-V) will not be completing the agreement to acquire the former operating  Golden Rose Mine, consisting of 15 mining leases and 32 mining claims located in Afton and Scholes townships, in the Sudbury mining district of Ontario, and is returning 100% to the Company. Work done by Goldfinder returned exciting values in two high grade zones, including drill intersections of 5.10 meters averaging 15.62 grams per tonne gold and 2.60 meters of 70.05 grams per tonne , including a spectacular .30 meters of 543.00 grams per tonne gold.

Goldfinder has turned over an extensive drilling database, and Geophysical data file.  It is hoped that after an extensive review of this data the Company can prepare a plan for dewatering the Golden Rose in preparation for targeted underground drilling.

About the Former Producing Golden Rose Gold Mine

Historical information, derived from the records of Noramco Mining Corp., indicate that in 1986 the property is reported to have hosted a global geological resource of 617,000 ounces Au, contained within 2.4 million tonnes (grading 0.26 ounce per tonne). The resource is considered historical in nature and as such is based on prior data and reports prepared by previous operators, not defined as required by NI 43-101. The work necessary to reclassify the resource has not been completed and the resource estimates therefore, cannot be treated as NI 43-101 defined resources verified by a qualified person. This resource should not be relied upon, and there can be no assurance that any of the resources, in whole or in part, will ever become economically viable.

The deepest intercept recorded on the property cut 84 feet of 14 g/t Au below 1,000 feet vertically, with many other high-grade drill intersections (0.25 to 0.35 ounce per ton) located between the 600-foot elevation and the lowest level at 1,000-foot elevation

Northwestern Ontario Gold Properties

Northern Nickel also owns 5 block claims (80 Claim Units) Northeast of Bamaji Lake in the Patricia Mining District of Ontario, about 45 km Southwest of the former producing Golden Patricia Mine.  This area is prospective for Base Metals and Gold and the Company has identified targets on historic airbourne surveys for further work

The Company intends to raise $ 300,000 by way of the issuance of 2,000,000 private company flow-through shares to further work on the Golden Rose and complete a detailed airbourne survey program on the Northwestern Ontario Property.

SOURCE Northern Nickel Mining Inc.

For further information:

or to subscribe for these flow-through shares please contact Northern Nickel Mining Inc.  @ 905-510-9188 or email @

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