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 Drills 40.42 G/T Au Over 4.8 Metres at Marban

Niogold Mining Corp. has released the results of 20 new diamond drill holes of its infill 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.

 

Drilling highlights from this set of holes include:

 

-40.42 g/t Au over 4.8 m in drill hole MB-15-391 at 110 m vertical depth.

 

-25.05 g/t Au over 1.2 m in drill hole MB-15-393 at 225 m vertical depth.

 

-159.13 g/t Au over 1.0 m in drill hole MB-15-393 at 255 m vertical depth.

 

-5.83 g/t Au over 6.7 m in drill hole MB-15-398 at 120 m vertical depth.

 

-8.51 g/t Au over 9.7 m in drill hole MB-15-406 at 225 m vertical depth.

 

-16.51 g/t Au over 5.2 m in drill hole MB-15-410 at 250 m vertical depth.

 

-26.35 g/t Au over 1.2 m in drill hole MB-15-410 at 300 m vertical depth.

 

The above highlights are all included within the modelled pit shell, with the exception of drill holes MB-15-393 and MB-15-410.

 

Robert Wares, NioGold's President and CEO, stated: "High-grade intersections that are located outside the modelled pit shell indicate a potential for increasing the in-pit resource within an enlarged shell. Alternatively, we will follow up on these intersections for their underground mining potential, which will require additional targeted drilling."

 

With these twenty new holes totaling 6,489.5 metres, a total of 69 drill holes for a cumulative length of 23,383.5 meters have been released. These new holes are spread over a strike length of 150 meters in the western portion of the Marban deposit completing a 25 metre-spaced drilling pattern as well as on two sections in the eastern portion which are now drilled at every 25 metres.

 

Of the 50,000 meter infill drill program, a total of approximately 43,000 metres of drilling has been completed so far. The remaining 7,000 metres of the program will fill in the last gaps along the sections to complete the 25 metre-spacing on them.

 

Results from holes MB-15-391 to MB-15-410 are summarized in the table below, where intercepts labelled "New" should allow for the definition of additional mineralized lenses:

 

WARNING: Unable to parse this table - please refer to original document 1 : Marban local grid A map showing the location of the best results is available at: Marban Block Best Results (right click, open hyperlink)

 

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.

 

 

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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