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 Reports Preliminary Leach Test Results at Marban

Niogold Mining Corp. has released the results of 50 bottle-roll leach tests on representative mineralized core samples from the Marban deposit, located on Niogold's 100-per-cent-owned Marban block property in the Malartic gold camp, Abitibi district, Quebec.

 

Samples were ground to an average of 65 microns and leached for 36 hours, similar to leaching conditions at the nearby Canadian Malartic mine. Results indicate an average recovery of 88.3% over a grade range of 0.22 to 4.40 g/t Au (avg. 1.39 g/t Au) with average cyanide (NaCN) consumption of 0.17 kg per tonne. Results are summarized below for four sample populations:

 

     

Number of Samples
GradeRange (calc. g/t Au)

Avg. Grade

(calc. g/t Au)

Avg.

microns

P80NaCN

kg/t 

Consumption RecoveryRange

Au %

Average Recovery

Au %

0.22 - 0.50
0.37
62.3
0.13
83.3 - 93.8
89.5
23
0.51 - 1.50
0.90
65.8
0.18
78.6 - 96.1
89.7
14
1.51 - 2.50
2.07
64.0
0.19
71.9 - 98.1
85.4
2.51 - 4.40
3.34
66.4
0.16
81.3 - 98.0
88.1
Average
0.22 - 4.40
1.39
64.8
0.17
-  
88.3

 

Four samples in the 1.20-2.30 g/t Au range gave poor results (less than 78% recovery), possibly due to the presence of coarser gold grains. Check analyses will be performed on these samples to confirm results. If these four samples are excluded from the set, the average recovery is 89.5% with a range of 81.3% to 98.0% across the entire sample population. Robert Wares, P. Geo., Niogold's President and CEO, stated: "Leach results from this first run of samples are excellent. Average recovery around the 88-89% mark is comparable to Canadian Malartic ore under similar leach times and cyanide consumption levels. More importantly, the average recoveries at Marban are close throughout the four sample populations, giving a flat grade/recovery curve with no significant drop in lower grade material. This is a very positive feature of the deposit and will be confirmed with additional testing."

 

An additional set of fifty samples will be sent at for leach tests at SGS Mineral Services in order to confirm preliminary test results and improve statistics on the grade/recovery curve. Technical Info, QA/QC and Qualified Persons

 

Metallurgical program design and monitoring are being executed under the supervision of Mr Christian Laroche, P. Eng. and Mr. Yan Ducharme, M.Sc., P.Geo. (OGQ), Niogold's Vice-President Exploration, both Qualified Persons as defined by National Instrument 43-101. Metallurgical testing and analyses were performed at SGS Mineral Services in Lakefield, Ontario. QA/QC program utilized is consistent with NI 43-101 and industry best practice standards. This news release was reviewed and approved by Mr. Laroche and Mr. Ducharme.

 

 

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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