Northland Releases More Hannukainen Results
Vancouver, February 27, 2007: Buck Morrow, the President of Northland Resources Inc., is pleased to announce further results from the Company's drill program at the 100% owned Hannukainen iron-oxide-copper-gold (IOCG) project in Northern Finland. Northland has now received results for 42 holes testing the flat-lying Laurinoja magnetite body at Hannukainen. Results for holes Han06027 to 29, and 36 to 42 are reported below along with the first hole drilled in the 2007 program (Han07001). This completes the reporting of results from Northland's 2006 drill program.
Hole No. From (m) To (m) Interval (m)* Fe (%) Au (g/t) Cu (%)
han06027 161.85 173.10 11.25 51.39 1.09 0.75
han06028 153.70 168.10 14.40 47.13 0.41 0.31
han06029 182.20 191.20 9.00 53.28 0.35 0.16
han06035 251.30 264.40 13.10 35.18 0.24 0.28
also 238.20 253.10 14.90 20.30 0.51 0.52
han06036 278.70 288.90 10.20 39.46 0.70 0.63
includes 278.70 282.55 3.85 40.03 1.39 1.25
han06037 255.30 265.40 10.10 45.90 0.51 0.25
han06038 210.70 222.70 12.00 43.85 0.27 0.06
han06039 234.40 250.70 16.30 44.48 0.37 0.07
han06040 245.40 251.60 6.20 53.41 0.27 4.75
han06041 221.40 233.40 12.00 40.30 0.39 0.32
han06042 206.00 216.20 10.20 54.07 0.26 0.12
han07001 184.70 207.50 22.80 38.62 0.23 0.51
*All intervals are believed to be close to true thicknesses as the mineralized body ranges in dip from flat lying to a maximum of 15 degrees from the horizontal. A drill collar plan is available on Northland's website (www.northlandresourcesinc.com).
Northland's drilling has now confirmed the presence of shallow south-southwest dipping to flat lying iron-copper-gold mineralization over a strike length of at least 850m from the Laurinoja open pit to the southwest. The width of the mineralized body is up to 600m or more locally (for example the 6700 section line). Over most of the target area, the depth to the top of the main magnetite zone averages roughly 140 to 180m, and ranges from roughly 100-120m close to the Laurinoja open pit to approximately 260m at the most southwesterly extent of Northland's drilling. The average thickness of the mineralized body in Northland's holes is approximately 17.5m and ranges from a maximum of close to 40m in hole HAN06009 to a minimum of 4.4m in hole HAN06024 (which was drilled on the suspected western limit of the mineralization). The Laurinoja body is still open in all directions.
Applying a 30% Fe cut off to all of the sample data collected so far in Northland's drilling yields roughly 700 samples which returned >30% Fe. A weighted average of the Fe, Cu and Au grades for this sample set is 46.3% Fe + 0.41% Cu + 0.35 g/t Au. Cu grades range from trace to a maximum of 6.8% Cu and Au from trace to 31.8 g/t.
Hole HAN06035 intersected a 15m thick zone of copper-gold mineralization in the immediate hanging wall to the main iron-rich zone. Management believes that this opens up potential for additional copper-gold resources, beyond the current magnetite-copper-gold target and will be assessing the potential significance of this in the coming weeks.
Northland has completed an additional 13 exploration core holes at Hannukainen since the start of 2007. Assays for these holes are pending. Northland has also drilled two NC-size core holes for preliminary metallurgical testing. Drilling continues on the Hannukainen Fe-Cu-Au zone and planning is in progress to test adjacent, near-surface targets.
Laurinoja is one of five known iron-copper-gold occurrences in the Hannukainen area. The other prospects, Lauku, Kuervaara, Vuopio and Kivivuopio, have all been drilled in the past and management believes they have the potential to host similar mineralized bodies to Laurinoja. Planning is in progress to test the adjacent, near surface targets.
NI43-101 Statement
Vance V. Thornsberry, P.Geol., Vice President of Exploration for Northland, is the Qualified Person as defined in NI 43-101, responsible for the design and execution of the Hannukainen drill program and re-assay program, and has verified that the drill intersections contained in this release are an accurate summary of the assay data received by the Company. Mr. Thornsberry has also verified that the historic information presented in this release has been accurately summarized from the reports quoted.
The core was cut at Northland's core facility in Kolari, Finland. A one-half split of the core was sent for preparation and analysis to the Geological Survey of Finland's Analytical Laboratory in Rovaniemi which is accredited according to the SFS-EN ISO/IEC 17025 and in compliance with the requirements of the Standards Council of Canada (CAN-P-1579) "Guidelines for Accreditation of Mineral Analysis Testing Laboratories". The entire sample, representing approximately 3 kilograms, was crushed and pulverized and a 150 gram split was submitted for analysis.
Iron and copper analyses were performed using Sodium Peroxide Fusion multielement analysis with ICP-AES Technique, Method 720P and gold analysis was performed by Lead Fire Assay Preconcentration with ICP-AES Technique, Method 704P. In addition to the GTK 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.
Background
Northland Resources Inc. 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 has not reviewed and does not take responsibility for the accuracy of this release.
CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Ralph Rushton / Karen Davies, Investor Relations
Toll Free: 1-866-719-8962