North American Gold Inc.: Drilling Continues on Norra
and Barsele; Strike Length at Norra Extended
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 28, 2004) - North
American Gold Inc. (TSX-V: NAU) is pleased to provide an update on
the progress of exploration activities at the adjoining Barsele and
Norra Projects in Vasterbotten District, Sweden.
The Barsele project area hosts six known gold exploration targets.
The six targets contain previously drilled intercepts of bedrock gold
mineralization. During 2004, North American Gold Inc. has completed
10 diamond drill holes for a total of 1671 meters in one of the six
target areas. The 10 (2004) holes have been drilled in the Central
zone. Drill results are being reported in the order they are
received. Assays remain pending for holes 04-08 through 04-10, and
will be reported when received and confirmed by our continuing
quality assurance program.
Three of the six exploration targets, Skirasen, Risberget and
Skirttraskbacken zones, are located to the south of the Central zone
within the Barsele Project area. North American Gold is currently
carrying out geological mapping and geophysical surveys over these
areas in order to refine drill targets. Based on current information
and historical drill holes, three confirmation diamond drill holes
are scheduled to be drilled at Skirasen this fall. Additional
drilling at the Skirasen zone will be decided, once the results of
the three confirmation holes are received and reviewed.
Drill targets for the Avan and Stortrasket zones will be developed
over the winter. A winter drill program will be scheduled, based upon
the results of our evaluation. Both of these target areas have
previously encountered gold intercepts in drill holes. The Avan zone
lies on trend with the Norra, Central and Skirasen zones.
Two separate zones of high sulfide mineralization are known to occur
within the Norra project area. The sulfides are dominated by iron,
zinc and copper minerals. Iron-arsenic sulfides are also present
along with gold and silver values. In 2004 North American Gold has
completed 16 diamond drill holes for 2482 meters at the Norra zone.
Drilling continues along the strike of the Norra zone towards the Cee
Lake geophysical anomalies. Assays are pending on all holes including
additional intervals from 04-13 and 04-14. Assays are being reported
in the order they are received and confirmed.
The 2004 drilling at the Norra zone has added substantially to the
strike length and geologic knowledge of the target areas. A down hole
EM survey is underway in support of the current drill program. The
down hole EM survey will be integrated with other geophysical data to
help identify additional drill targets at Norra and assist in the
understanding of the down dip potential of the known mineralization.
Approximately mid-way, and on trend between the Tattartjarnliden and
Norra targets, a series of gravity, EM and magnetic anomalies
coincide with favorable stratigraphy at Cee Lake, and soil anomalies
to the northwest. The entire trend of over four kilometers remains
highly prospective for the discovery of similar mineralization to
that encountered at the Norra zone.
Commenting on the progress to date, Buck Morrow President of North
American Gold Inc., stated, "The excellent progress made by North
American's staff and Kati drilling has opened up several
opportunities over an extensive area at both Norra and Barsele. As we
receive additional drill results and geophysical information in the
coming weeks, we will be better able to plan our next round of
drilling. As predicted, we encountered sulfide mineralization along
strike with the Norra zone using the geophysics and are very
North American Gold Inc. has an option to acquire a 60% interest in
the Norra and Barsele properties from Minmet plc by incurring a total
of US $3.5 million in exploration expenditures and issuing 400,000
shares to Minmet by November 3, 2006 (see news release November 3,
2003). For more information, please refer to North American's website
www.northamgold.com or call Kareen McKinnon toll free at 1 888 627
NI 43-101 Compliance
The 2004 drilling program is being supervised by Harmen Keyser, P.
Geol., a qualified person under NI 43-101, who has verified the data
disclosed in this release.
ON BEHALF OF THE BOARD
Buck Morrow, President
NORTH AMERICAN GOLD INC.
FOR FURTHER INFORMATION PLEASE CONTACT:
North American Gold Inc
Toll Free: 1-888-627-9378
The TSX Venture Exchange has not reviewed and does not take
responsibility for the accuracy of this release.