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 Intersects 4.47 G/T AU Over 22.0 M at Marban

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.

 

Drilling highlights from this set of holes include:

  • 3.24 g/t Au over 13.8 m in drill hole MB-15-470 at 165 m vertical depth.
  • 85.53 g/t Au over 1.2 m in drill hole MB-15-471 at 340 m vertical depth.
  • 1.22 g/t Au over 50.8 m in drill hole MB-15-472 at 200 m vertical depth.
  • 1.97 g/t Au over 34.4 m in drill hole MB-15-474 at 210 m vertical depth.
  • 11.78 g/t Au over 3.0 m in drill hole MB-15-475 at 275 m vertical depth.
  • 2.64 g/t Au over 14.7 m in drill hole MB-15-477 at 180 m vertical depth.
  • 4.47 g/t Au over 22.0 m in drill hole MB-15-478 at 190 m vertical depth.
  • 27.84 g/t Au over 1.2 m in drill hole MB-15-478 at 230 m vertical depth.
  • 1.61 g/t Au over 24.6 m in drill hole MB-15-479 at 320 m vertical depth.
  • 31.92 g/t Au over 1.0 m in drill hole MB-15-481 at 100 m vertical depth.
  • 8.26 g/t Au over 3.9 m in drill hole MB-15-489 at 40 m vertical depth

Robert Wares, Niogold's President and CEO, stated: "We are extremely pleased with this new set of results which demonstrates relatively high grades over good thicknesses for an open pit situation. Intervals like 4.47 g/t of gold over 22 meters and 1.22 g/t of gold over 50.8 metres encourage us to pursue our efforts to make the Marban deposit the next open pit gold mine in the Abitibi region."

 

Results from holes MB-15-466 to MB-15-490 are summarized in the table below. The intercepts labelled "New" should allow for the definition of new lenses:

 

Hole

Easting1

(m)

Northing1

(m)

Azimuth
Dip

Hole Length

(m)

From

(m)

To

(m)

Length

(m)

Grade

(g/t Au)

Zone
MB-15-466
4650
3970
183°
-53°
150
134.4
136.0
1.6
4.17
Hw
MB-15-467
4596
3803
176°
-51°
221
37.8
38.7
0.9
19.90
New
MB-15-468
4548
3827
184°
-55°
239
158.7
163.9
5.2
1.63
New
MB-15-469
4547
3776
181°
-45°
171
57.9
61.6
3.7
0.78
D3
MB-15-470
4249
4244
174°
-62°
324
178.2
192.0
13.8
3.24
Hw
MB-15-471
4250
4124
177°
-62°
471
223.2
245.0
21.8
1.17
D2-E
289.8
305.9
16.1
1.81
B-D
incl
294.6
295.8
1.2
12.65
D
374.2
375.2
1.0
21.21
C
375.2
386.4
11.2
1.32
C
386.4
387.6
1.2
85.53
C
392.8
406.0
13.2
1.70
A
MB-15-472
4151
4202
178°
-54°
495
226.2
277.0
50.8
1.22
D2-E-Y
307.3
328.0
20.7
1.59
B-D
426.1
429.3
3.2
5.55
A
MB-15-473
4201
4221
180°
-68°
321
96.4
102.8
6.4
1.03
Grano
MB-15-474
4198
4181
177°
-64°
543
221.4
255.8
34.4
1.97
E-Y-2
incl
228.2
228.9
0.7
28.98
2
incl
235.7
239.6
3.9
4.84
Y-2
321.7
327.0
5.3
3.15
D
420.1
426.3
6.2
2.27
C
440.0
448.6
8.6
2.55
A
MB-15-475
4151
4146
180°
-54°
456
343.5
346.5
3.0
11.78
C2
365.1
395.2
30.1
0.95
C-A
MB-15-476
4149
4081
181°
-54°
386
280.7
288.0
7.3
1.69
C2
MB-15-477
4149
4020
178°
-54°
332
219.4
234.1
14.7
2.64
D-B
MB-15-478
4126
4195
182°
-54°
470
232.0
254.0
22.0
4.47
2-Y
291.6
292.8
1.2
27.84
D2
297.8
314.9
17.1
1.92
D
418.5
432.4
13.9
1.53
C-A
MB-15-479
4098
4156
181°
-55°
443
388.0
412.6
24.6
1.61
A-T
MB-15-480
4099
4106
179°
-53°
389
264.6
267.5
2.9
6.03
D
MB-15-481
3724
3975
177°
-47°
213
134.0
135.0
1.0
31.92
D
MB-15-482
3853
4287
176°
-46°
480
414.6
429.0
14.4
1.08
A
MB-15-483
3850
4212
180°
-45°
441
374.9
383.6
8.7
2.60
A
MB-15-484
3899
4194
182°
-60°
432
386.0
394.0
8.0
2.42
A
MB-15-485
3899
4105
179°
-49°
330
249.0
254.0
5.0
2.22
B-C
MB-15-486
3747
3871
182°
-45°
111
58.7
60.4
1.7
3.15
C
MB-15-487
3747
3835
179°
-45°
108
29.1
38.2
9.1
1.13
C
MB-15-488
3798
3865
181°
-45°
135
60.2
63.2
3.0
2.91
C
MB-15-489
3836
3852
178°
-45°
135
58.1
62.0
3.9
8.26
C
MB-15-490
4198
4072
178°
-62°
444
295.2
307.1
11.9
2.70
C1
incl
303.6
305.9
2.3
8.71
C1
336.0
344.0
8.0
1.87
A

1:Marban grid.

 

 

These twenty-five new holes total 8,240 metres. So far, a total of 149 drill holes for a cumulative length of 45,505 meters have been released. The drilling campaign ended on August 13 with a total of 72,661 metres drilled, distributed in 246 holes. The last samples were sent to the laboratory on August 27. An update of the geological interpretation is underway in view of the next resource estimate.

 

Technical Info. QA/QC and Qualified PersonsDrill 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 a second laboratory 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.

 

 

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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