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Northern Iron Corp Slightly Higher on Karas Property Update

Northern Iron Corp. (NFE.V) today released assay results for the second set of 3 drill holes on the Karas property. It said the drill holes reach the southern end of the iron formation, which is still open towards the north and at depth. Magnetite mineralization is consistent between drill holes and shows good correlation, including 12 metres grading 46.17% Fe2O3.

To date, 17 drill holes have been completed out of the 30 planned drill holes (approximately 10,000 metre program) on the Karas property.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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