Nickel & Cobalt

[Tackler]

Northern Abitibi gets Taylor Brook exploration permits

2007-05-22 10:46 MT - News Release

Mr. Shane Ebert reports

NORTHERN ABITIBI MINING CORP.: FIELDWORK TO COMMENCE AT THE TAYLOR BROOK NICKEL-COPPER-COBALT-PGE PROSPECT IN NEWFOUNDLAND

Northern Abitibi Mining Corp. has received exploration permits for the Taylor Brook prospect located in northwestern Newfoundland. A surface exploration program including mapping, rock and soil sampling, and mechanized trenching will begin in the last week of May and extend until the middle of June. This program will expand and better delineate several known zones of mineralization at surface, and follow up and evaluate numerous airborne geophysical anomalies. If surface results warrant, the best targets will be drill tested in summer or early fall, as soon as a drill is available.

Taylor Brook occurs in a relatively unexplored region which has excellent access by a network of logging roads. In 1998, sulphide occurrences were discovered in road cuts on the property and further exploration lead to the discovery of high-grade mineralization at the Layden showing. Eleven grab samples taken from the Layden showing averaged 5.38 per cent nickel, 1.05 per cent copper, 0.10 per cent cobalt, 112 parts per billion platinum, 232 ppb palladium and 416 ppb gold. Sulphides are associated with mafic to ultramafic rocks and the mineralization style is considered to be broadly analogous to Manitoba's Thompson nickel belt. A high-resolution AeroTEM II airborne geophysical survey over the property has identified four significant airborne conductors which occur immediately adjacent to the high-grade Layden showing, the largest of these conductors is about 600 metres by 100 metres in size. To date there has been no drilling on the property.

The Taylor Brook prospect is an option and joint venture between Northern Abitibi and Altius Resources Inc. Northern Abitibi can earn a majority interest in the project from Altius Resources by issuing 500,000 shares of Northern Abitibi, paying $200,000 cash and spending $1.2-million on exploration over four years.