Northgate Confirms 2004 Drill Program on the Brenda Gold/Copper Property April 15, 2004
VANCOUVER, April 15, 2004 – Canasil Resources Inc.
(Canasil, CLZ - TSXV) and Northgate Exploration Limited
(Northgate, NGX - TSX, NXG - AMEX) are pleased
to announce confirmation of the 2004 drill program
at the Brenda property in the Kemess-Toodoggone
district of northern British Columbia.
Northgate expects to begin a 4-6 hole (1,500 metre)
diamond drilling program at the Brenda property in
early June 2004.
The program is designed to search for possible extensions
of the gold/copper mineralized zones observed in
the 2003 drill program (announced on August 28, 2003)
in order to further evaluate the overall size and grades
of these zones.
Drill core from holes BR-03-06 and BR-03-07 completed
during the 2003 exploration season contains gold/copper
mineralization grading between 0.5 – 1.5 g/t gold,
0.05 – 0.20% copper and 1 – 10 g/t silver in a porphyry
setting.
The mineralization is associated with potassium, silica
and magnetite altered Toodoggone volcanics over intervals
of up to 160 metres.
The Brenda property comprises 178 mineral claim units,
covering 44.0 square kilometres, and is situated
approximately 25 km north-west of Northgate’s Kemess South
mine in the core of the Kemess-Toodoggone porphyry gold-copper/epithermal district.
This district is attracting increasing attention and
significant exploration expenditures in a highly prolific
belt extending north from the South Kemess mine.
The Brenda property is the subject of Option and Joint Venture Agreements signed on July 31, 2002, which allow Northgate
to earn a 60% interest in the property by spending
Cdn$2,000,000 on exploration and making cash payments
totaling $140,000 over a four year period.
About Northgate:
Northgate Exploration Limited is a gold and copper mining company focused on operations and opportunities in North and South America. The Corporation's principal assets are the 300,000-ounce per year Kemess South mine in north-central British Columbia and the adjacent Kemess North deposit, which contains an indicated resource of 5.4 million ounces of gold and 2 billion pounds of copper and is currently the subject of a feasibility study. Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on the American Stock Exchange under the symbol NXG.
About Canasil:
Canasil is a Canadian-based mining and mineral exploration company with interests in base and precious metal properties in British Columbia, Canada, and Durango State, Mexico.
The Company is reviewing a number of other gold and silver
properties in Mexico.
The management team is focused on identifying and implementing strategies to increase the value of the Company’s mineral
properties through cost effective and responsible development.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
This press release includes certain “forward-looking statements’ within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements include without limitation, statements regarding future production, potential mineralization and reserves, exploration results and future plans and objectives of the joint venture partners, Northgate Exploration Limited (Northgate) and Canasil Resources Inc. (Canasil). Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” or “continue” or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations are disclosed under the heading “Risk Factors” in the respective company’s 2002 Annual Report and under the heading “Trends, Risks, and Uncertainties” in the Northgate 2002 Annual Information Form (AIF) which is filed with Canadian regulators on SEDAR (www.sedar.com) and with the United States Securities and Exchange Commission (www.sec.gov).
Contacts:
For further information, please contact:
Mr. Bahman Yamini Mr. Ken G. Stowe
President and CEO President and CEO
Canasil Resources Inc. Northgate Exploration Limited
604-709-0109 416-216-2772
www.canasil.com www.northgateexploration.ca@
www.ivarkreuger.com/mining.htm
