Sanwire Corp (SNWR)

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NT Press release out today, view >>

LAS VEGAS, NV, Jun 16, 2010 (MARKETWIRE via COMTEX) -- NT Mining Corporation (PINKSHEETS: NTMG) (the Company) reports that based on engineering reports prepared and several exploration trips between 2008 and 2009, management believes that there may be more ore in the existing surface piles on the Company's owned Bullmoose Mine site than had previously been estimated, 15,000 tons. The exact tonnage has yet to be determined.

Management is raising revenue estimates for its Bullmoose gold mine located in the Northwest Territories of Canada based on revised value estimates of ore found in surface piles by crews in the last 2 years and the increased price of gold.

The previous closure of the milling operation left behind approximately 45,000 tons of mined gold-bearing ore, one third of which is stored on the surface where it can easily be accessed for production. The remainder was stored below ground. Management estimates the 30,000 tons below ground has an average ore grade of at least 0.24 ounces per ton.

About NT Mining Corporation:

NT Mining Corporation is an exploration and development company conducting operations through its wholly owned Canadian subsidiary "Bullmoose Mines Ltd." The company's primary asset is the former producing "Bullmoose Gold Mine." The company plans to re-activate the mine upon completion of the necessary financing and commence operations in the summer of 2010. The mine consists of one mineral lease of 395 acres and 4 mineral claims of 4,771 acres, totaling 5,166 acres. Historical reports show a potential reserve of 1 million ounces of gold (Ross Grunwald P.Eng., 1984) is possible on the mineral lease. Management believes with the expanded area of 4 additional mining claims in 2007, that upon completion of an expanded drilling program over the new claims, and on existing known vein structures, a potential of 3 million ounces of gold reserve is possible at the Bullmoose mine. To view a Geological technical report on the property, please click on the following link:

http://ntminingcorp.com/reports/MitchellReport2008.pdf