NioGold Mining Corporation
TSX-V Symbol: NOX
Frankfurt Symbol: NG1
News Release
DRILLING AT MARBAN DELINEATES NEAR-SURFACE WEDGE ZONE
Val-d�Or, Quebec, September 3, 2008: NioGold Mining Corporation
(TSX-V:NOX) (Frankfurt:NG1) (�NioGold�) reports on the 2008 diamond
drilling program on the Marban Block property located in the Malartic Gold
Camp, Abitibi region, Quebec, where the Company has completed 53 holes (18,008
metres) to date in 2008 on the Marban West Extension target and Wedge Zone.
Assay results were received for 9 holes (MB 08 049 to MB 08 57) drilled on the
Wedge Zone where definition drilling is being conducted at 50-metre hole
spacing. The results are typical of the Wedge Zone characterised by thick
sections of low grade mineralisation that include higher grade intervals. Best
results include:
MB-08-051:
9.84 g/t Au over 3.1 metres included in 3.10 g/t Au over 14.8 metres;
6.65 g/t Au over 1.2 metre;
6.41 g/t Au over 1.2 metre.
MB-08-052:
8.56 g/t Au over 1.2 metre;
5.62 g/t Au over 2.0 metres;
17.9 g/t Au over 1.1 metre included in 5.53 g/t Au over 4.3 metres;
12.9 g/t Au over 1.2 metre;
13.4 g/t Au over 1.2 metre.
MB-08-053:
8.34 g/t Au over 1.3 metre included in 2.47 g/t Au over 12.1 metres.
MB-08-054:
6.99 g/t Au over 1.2 metre.
MB-08-055 :
7.40 g/t Au over 1.8 metre;
6.28 g/t Au over 1.2 metre.
MB-08-056:
12.70 g/t Au over 1.2 metre included in 1.60 g/t Au over 22.8 metres;
MB-08-057:
16.70 g/t Au over 1.2 metre.
The Company is very pleased with the drill results that confirm the continuity
of the main Wedge Zone gold mineralised structure (Upper Wedge) over a strike
extent of 550 metres. A second gold mineralised structure (Lower Wedge) has
also been identified.
The Wedge Zone was discovered in late 2006 by hole MB 06 001 (3.62 g/t Au over
26.4 m including 10.78 g/t Au over 4.0 m) and is developed near surface, above
and to the north of the mine out gold ores of the former Marban Mine (1961-74).
The Wedge Zone has been traced from lines 0W to 550E. To the west, it appears
to merge with several gold mineralised structures identified over the West
Extension target (see News Release dated August 12, 2008).
Results for holes MB-08-049 to MB-08-057 are tabled below. Reported intervals
are in core lengths but are inferred to be close to true width as the holes
were drilled perpendicular to the general structural trend. Readers are invited
to review the Marban drilling surface plan and schematic cross-section
available at www.niogold.com/marban.
Download Marban Wedge Zone - 2008 Drilling Results from:
http://www.niogold.com/files/pdf/news/NOX_03_09_08.pdf
Quality Assurance / Quality Control and Qualified Persons
Diamond drill holes were drilled with NQ-size core in order to obtain larger
sample volumes for the mineralised zones. The core was delivered by the
drilling contractor to NioGold�s facilities located at the Norlartic Mine site.
The core was photographed 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 trucked to Activation Laboratories Limited (�Actlabs�)
in Ancaster, Ontario, 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 duplicates in the sample batches sent to the laboratory
and a systematic re-assaying of samples returning values above 2 g/t Au. As well,
5% of the pulps are sent to Bourlamaque Assay Laboratories Ltd. in Val-d�Or for
check assaying.
This news release was prepared by Rock Lefran�ois, P.Geo. (OGQ), the Company�s
Vice-President and Qualified Person as defined by National Instrument 43-101. The
drilling is being conducted under the supervision of Yan Ducharme, M.Sc.,
P.Geo. (OGQ), also a Qualified Person as defined by National Instrument 43-101.
NioGold Mining Corporation � � The Golden Highway Runs Through NioGold �
NioGold Mining Corporation is a junior exploration company primarily focused on
GOLD. The Company�s main properties are the Camflo West and the Marban Block
located in the Malartic and Val-d�Or Mining Camps, Abitibi, Quebec. The camps
have produced over 27 million ounces of gold and presently encompass several
active advanced exploration and mine development projects such as Canadian
Malartic (Osisko Exploration), Kiena (Wesdome), Midway (Northern Star Mining),
Goldex (Agnico-Eagle) and Lac Herbin (Alexis Minerals). The Marban Block
encompasses three former gold producers, namely the Norlartic, Kierens (First
Canadian), and Marban mines that collectively produced over 590,000 ounces of
gold.
NioGold�s experienced and qualified technical team will ensure the successful
advancement of the Company�s projects towards the highest quality mineral
resources. NioGold invites you to visit the company website at www.niogold.com.
For information on NioGold Mining Corporation contact:
Michael A. Iverson, President & CEO
miverson@niogold.com
Tel: (604) 856-9887
Rock Lefran�ois, P.Geo., Vice-President
rocklefrancois@niogold.com
Tel: (819) 825-7400
This Press Release includes forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. The TSX Venture
Exchange or the Frankfurt Stock Exchange did not approve nor do not accept
responsibility for the adequacy or accuracy of this news release.