NioGold Mining Corporation (TSX.V:NOX) is a mineral exploration company focused on gold. The Company's flagship projects are located in the Cadillac - Malartic - Val-d'Or region of the prolific Abitibi gold mining district, Quebec. The Cadillac, Malartic and Val-d'Or mining camps have produced over 45 million ounces of gold since the 1930's and presently encompasses six producing gold mines including Osisko Mining's new Canadian Malartic operations.

 

 

Latest News Release

Niogold Intersect 4.51 G/T AU Over 16.2 M at Marban and Increases Drill Program to 70,000 Metres

Niogold Mining Corp. has released the results of 25 new diamond drill holes of its resource definition program on the modelled open-pit shell of the Marban deposit, located on Niogold's 100-per-cent-owned Marban block property in the Malartic gold camp, Abitibi district, Quebec. Following the recently completed financing (see May 28, 2015 press release), Niogold also announces an additional 20,000 metres of drilling to the current resource definition program, bringing the total to approximately 70,000 metres.

 

Drilling highlights from this set of holes include:

  • 36.01 g/t Au over 1.2 m in drill hole MB-15-411 at 150 m vertical depth.
  • 31.80 g/t Au over 1.1 m in drill hole MB-15-413 at 205 m vertical depth.
  • 5.87 g/t Au over 4.9 m in drill hole MB-15-413 at 235 m vertical depth.
  • 123.5 g/t Au over 1.2 m in drill hole MB-15-415 at 80 m vertical depth.
  • 3.73 g/t Au over 10.2 m in drill hole MB-15-416 at 200 m vertical depth.
  • 4.51 g/t Au over 16.2 m in drill hole MB-15-417 at 360 m vertical depth.
  • 1.40 g/t Au over 15.6 m in drill hole MB-15-418 at 100 m vertical depth.
  • 2.29 g/t Au over 12.1 m in drill hole MB-15-425 at 175 m vertical depth.
  • 20.3 g/t Au over 1.0 m in drill hole MB-15-426 at 50 m vertical depth.

All of the above-listed intersections are within the modelled open-pit shell, with the exception of drill hole MB-15-417. This new series contains drill holes throughout the strike length of the deposit (sections 3500E a 4550E).

 

Robert Wares, NioGold's President and CEO, stated: "Another positive set of drill results confirms the continuity of mineralized zones within the Marban deposit. The addition of 20,000 metres of drilling, mostly along new 25-metre sections, will strengthen the resource model and should allow for the increased definition of measured resources, ultimately yielding an extremely robust resource model at Marban."

 

Results from holes MB-15-411 to MB-15-435 are summarized below where the intercepts labelled "New" should allow for the definition of new lenses:

 

Hole Easting (m)1 Northing (m)1 Azimuth Dip Hole Length (m) From (m) To (m) Length (m) Grade (g/t Au) Zones
MB-15-411 3674 4091 179° -49° 282 149.2 150.3 1.1 9.79 2
198.5 199.7 1.2 36.01 E
MB-15-412 3724 4015 180° -47° 240 131.8 134.1 2.3 4.42 New
MB-15-413 3750 4245 180° -47° 429 278.8 279.9 1.1 31.80 Z
309.4 314.3 4.9 5.87 E
MB-15-414 3748 4165 180° -47° 360.4 71.4 74.7 3.3 2.76 New
248 250.2 2.2 2.13 E
MB-15-415 3800 4224 177° -57° 429 96 97.2 1.2 123.53 Hw
MB-15-416 3799 4174 180° -55° 387.7 232.8 243.0 10.2 3.73 Z
incl 238.6 239.7 1.1 10.57 Z
261.4 268.3 6.9 3.34 E
314.4 330.2 15.8 1.34 C
MB-15-417 4549 3907 179° -61° 440 406.4 422.6 16.2 4.51 Lense
incl 420.2 421.4 1.2 32.56 Lense
MB-15-418 4498 3946 183° -66° 450 99 114.6 15.6 1.40 E
325.1 329.1 4.0 5.33 Lense
MB-15-419 4496 3826 178° -56° 351 52.2 56.0 3.8 1.26 E
MB-15-420 4498 3768 179° -51° 279 109.6 111.6 2.0 1.40 New
MB-15-421 4450 4221 180° -82° 132 54 57.8 3.8 1.14 Norlartic
MB-15-422 4449 4177 180° -82° 321 262.5 265.0 2.5 4.67 Hw
MB-15-423 4450 4101 176° -77° 260.8 196.7 198.7 2.0 5.93 Hw
MB-15-424 4450 3911 182° -60° 205 43 50.0 7.0 1.91 2
158.8 165.8 7.0 1.03 New
MB-15-425 4450 3871 176° -63° 389.5 196.2 208.3 12.1 2.29 C-A
incl 201.4 202.2 0.8 19.21 C
MB-15-426 4401 3819 177° -45° 279 26 26.8 0.8 9.01 E
68 69.0 1.0 20.28 D3
MB-15-427 3499 4200 176° -50° 242 75 79.8 4.8 1.27 Lense
MB-15-428 3499 4132 177° -50° 251 41.8 42.9 1.1 6.14 Lense
MB-15-429 3574 3970 180° -52° 174 106.4 110.6 4.2 1.15 E
MB-15-430 3598 3886 180° -47° 141 Zone missed because of overburden thickness
MB-15-431 3625 3966 182° -51° 186 113.1 115.3 2.2 2.59 E
MB-15-432 3624 3902 180° -51° 123 61.4 70.6 9.2 1.69 E
incl 64.1 64.9 0.8 7.03 E
MB-15-433 3648 3896 180° -50° 132 38.6 39.8 1.2 6.07 New
100 101.2 1.2 10.17 New
MB-15-434 3648 3866 186° -50° 111 28.2 30.8 2.6 3.25 E
MB-15-435 3673 3983 177° -48° 231 79.4 80.5 1.1 3.45 Lense

 

 

1: Marban grid

 

With these twenty-five new holes totaling 6,826.4 metres, a total of 94 drill holes for a cumulative length of 30,210 meters have been released. A total of 55,000 metres of drilling have been completed so far of the updated 70,000 metre program, which is expected to be completed by mid-August.

 

A map showing the location of the best results is available at: Marban Block Best Results

 

A longitudinal showing the new best results obtained on the Marban deposit is available at: Marban Deposit Longitudinal Section (right click, open hyperlink) Technical Info, QA/QC and Qualified Persons Drill orientations are roughly perpendicular to dip of mineralized zones and true widths of mineralized zones represent minimum 90% of reported core intervals.

 

Diamond drill holes were drilled with NQ-size core, except for holes that traversed underground workings which were completed using BQ-size core. The core was sealed and delivered by the drilling contractor to NioGold's facilities located at the Norlartic mine site. The core was photo-graphed for reference, logged and mineralised sections were sawed in half. Sample lengths vary between 0.5 to 1.5 metres. Half core samples were bagged, sealed and delivered to Actlabs in Ste Germaine Boule, Quebec, which is an accredited laboratory. The remaining core is stored on site for reference. Samples were assayed by the fire-assay method using an atomic absorption finish on a 50-gram pulp split. A quality assurance and quality control program (QA/QC) was implemented by NioGold and the laboratory to insure the precision and reproducibility of the analytical method and results. The QA/QC program includes the insertion of standards, blanks and field duplicates in the sample batches sent to the laboratory and a systematic re-assaying of samples returning values above 3 g/t Au by fire-assay using a gravimetric finish. As well, pulps grading above 0.5 g/t Au or mineralized intervals are sent to Bourlamaque Assay Laboratories Ltd. in Val-d'Or for check assaying.

 

Drill program design and monitoring, core logging and sample preparation are being executed at NioGold's facilities in Val d'Or, under the supervision of Yan Ducharme, M.Sc., P.Geo. (OGQ), NioGold's Vice-President Exploration and a Qualified Person as defined by National Instrument 43-101. QA/QC program utilized is consistent with NI 43-101 and industry best practice standards. This news release was prepared by Mr. Ducharme. NioGold Mining Corporation - On Canada's Golden Highway NioGold Mining Corporation is a mineral exploration and development company focused on gold. The Company's projects are located in the heart of Quebec's prolific Abitibi gold mining district. The Cadillac, Malartic and Val-d'Or mining camps in this district have produced over 45 million ounces of gold since the 1930's and presently encompass six producing gold mines, including the prolific Canadian Malartic mine located adjacent to NioGold's flagship Marban project. NioGold's land holdings within the Abitibi presently cover 125km2 and encompass seven former gold producers, notably the Norlartic, Kierens, Marban and Malartic Hygrade mines that collectively produced 630,000 ounces of gold.

 

NioGold's experienced and qualified technical team are overseeing the advancement of these projects, targeting expansion of the resource base and reserve definition of the Marban Block project.

 

 

Legal Notice / Disclaimer

 

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.


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