Northland Cuts 43% Iron over 53m at Salmivaara, Sweden
Vancouver, January 14, 2008: Northland Resources Inc. is pleased to announce encouraging drill results from 6 diamond core holes completed at the Company's 100% owned Salmivaara iron-copper project, located approximately 33km northeast of the city of Gällivare in Nortbotten county, Sweden. All holes returned multiple intersections of magnetite, with downhole thickness of up to nearly 150m locally.
The near-surface Salmivaara magnetite body is within 1km of a sealed road and approximately 33km from a rail line that carries iron ore trains from Europe's second largest iron ore mine, Malmberget, which is operated by the Swedish state-owned mining company LKAB.
Highlights of the new drill results, which support and build on results from 12 historic diamond core holes completed by the Swedish Geological Survey (SGU), include:
- Hole 07001 42.8% Fe + 0.12% Cu over 52.7m from 15.3m downhole
- Hole 07004 35.5% Fe + 0.10% Cu over 53.9m from 41m downhole
- Hole 07005 46.5% Fe + 0.12% Cu over 49.2m from 97.8m downhole
- Hole 07006 35.3% Fe + 0.12% Cu over 147.3m from 89.9m downhole
Buck Morrow, the President of Northland, said "The successful Salmivaara drill program is a continuation of Northland's strategy to define combined resources of more than 500 million tonnes of magnetite at the Company's iron projects in northern Europe. Our drilling cut substantial magnetite mineralization below the limits of the historical work - a very promising start to our exploration at Salmivaara. We are planning additional drilling this winter to further define the Salmivaara magnetite bodies and will begin metallurgical testwork."
A full table of Northland's results is given below. Northland's holes were drilled on 3 profiles: Holes 001, 002 and 004 form one profile, holes 005 and 006 are on another and hole 003 was drilled on the same profile has historic hole 70801.
All holes were drilled at an angle of -50 degrees. Mineralized widths in the table below are downhole widths and not true widths. The information available suggests that the magnetite bodies are steeply dipping and therefore the true thickness of the magnetite is likely to be less than the downhole mineralized intervals. Assay intervals were calculated based on an assumed cut off grade of 15% Fe. Drill sections will be posted shortly on Northland's website at www.northlandresourcesinc.com
| Hole No. | From (m) | To (m) | Width (m) | Fe % | Cu % | S% |
| | | | | | | |
| SAL07001 | 15.3 | 68.0 | 52.7 | 42.8 | 0.12 | 3.28 |
| and | 98.7 | 128.3 | 29.6 | 34.2 | 0.08 | 2.72 |
| and | 136.8 | 216.9 | 80.1 | 33.7 | 0.17 | 4.18 |
| including | 136.8 | 178.6 | 41.8 | 39.3 | 0.24 | 5.39 |
| | | | | | | |
| SAL07002 | 64 | 137.6 | 73.6 | 34.2 | 0.12 | 2.87 |
| and | 206.8 | 256.2 | 49.4 | 27.6 | 0.06 | 2.08 |
| including | 92.2 | 117.2 | 25.0 | 48.3 | 0.18 | 4.21 |
| | | | | | | |
| SAL07004 | 41.1 | 95.0 | 53.9 | 35.5 | 0.10 | 3.15 |
| and | 160.0 | 203.3 | 43.3 | 32.6 | 0.14 | 3.70 |
| | | | | | | |
| SAL07005 | 73.7 | 155.0 | 81.3 | 40.4 | 0.09 | 2.27 |
| and | 250.4 | 292.7 | 42.3 | 28.8 | 0.15 | 4.1 |
| including | 97.8 | 147.0 | 49.2 | 46.5 | 0.12 | 3.17 |
| | | | | | | |
| SAL07006 | 40.4 | 68.0 | 27.6 | 32.0 | 0.04 | 1.81 |
| and | 89.9 | 237.2 | 147.3 | 35.3 | 0.12 | 2.57 |
| and | 305.2 | 355.4 | 50.2 | 26.8 | 0.09 | 2.29 |
| including | 153.6 | 211.6 | 58.0 | 44.6 | 0.23 | 4.82 |
| | | | | | | |
| SAL07003 | 56.1 | 64.8 | 8.7 | 43.02 | 0.14 | 3.74 |
| | | | | | | |
The SGU's interpretation of multiple, steeply-dipping magnetite bodies within a large synformal fold structure is supported by Northland's drilling, where the magnetite bodies appear to be thickest and highest grade in the core of the synform, showing multiple intervals of greater than 40% Fe over 10s of metres, and locally greater than 50% Fe (e.g. drillholes SAL07001, 07005 and 07006 - drillhole 07006 returned 20.9m of 52.5% Fe from 191m downhole).
Mineralization at Salmivaara consists of magnetite with pyrite, pyrrhotite and chalcopyrite. It was discovered in 1897, first drilled in 1904, and was mined for copper during World War II. The Swedish Geological Survey (SGU) worked on the deposit between 1967 and 1971, publishing a report titled "Salmivaara Iron Occurrence" and describing the deposit in the Swedish Iron Ore Inventory. A total of 12 holes were drilled, for 1,818m of core drilling to a maximum depth of 120m below surface, and the SGU completed magnetic and gravimetric studies which indicate that the magnetite body may continue to a depth of at least 700m below surface.
Northland has compiled the available historic drill data. The mineralized intercepts reported by the SGU are as follows:
| Hole No. | From (m) | To (m) | Width (m) | Fe % |
| | | | | |
| SAL71801 | 112 | 426 | 314 | 25.8 |
| SAL71802 | 80 | 142 | 62 | 23.5 |
| SAL40001 | 22.9 | 78.4 | 55.5 | 22.8 |
| SAL40002 | 14.7 | 37 | 22.3 | 31.3 |
| SAL40005 | 24.6 | 44.5 | 19.9 | 45.0 |
| SAL40006 | 28.9 | 163.3 | 134.4 | 24.2 |
| SAL40007 | 21.7 | 85.3 | 63.6 | 46.1 |
| | | | | |
Based on drilling, the SGU published an estimated resource of 16 million tonnes grading approximately 34% iron with between 0.1 to 0.8% Cu. Sulphur content averages 3.6% with 0.03% phosphorous. The reader is cautioned that this historic resource does not comply with the standards set out in NI43-101 and cannot therefore be relied upon. Northland is currently carrying out the work required to verify the historic resource.
Assay Protocol
The core was cut at Northland's core facility in Kolari, Finland. A one half split core from Salmivaara was prepared at ALS Chemex Lab in Pitea, Sweden and then transported to ALS Chemex Vancouver, British Columbia Canada for analysis.
Copper and Iron were analyzed by Sodium Peroxide Fusion multi element analysis, ICP-AES Method ME-ICP81. Gold was analyzed by Lead Fire Assay Pre-concentration with ICP-AES Method Au-ICP21 finish.
In addition to the ALS Chemex internal sample preparation and assay QC protocol, Northland maintains a rigorous QA/QC program consisting of inserting blanks, duplicates and certified standards to the analytical process.
Qualified Person
The technical information in this release was prepared under the supervision of Mr. David Cass, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a "Qualified Person" in accordance with National Instrument 43-101.
About Northland (www.northlandresourcesinc.com)
Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.
ON BEHALF OF THE BOARD
"Buck Morrow"
NORTHLAND RESOURCES INC.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Investor Relations: North America, Ralph Rushton: Toll Free: 1-866-719-8962
Europe, Gabriella Roos: Tel. +44 791 286 9936