NioGold Mining Corporation
TSX-V Symbol: NOX
Frankfurt Symbol: NG1
News
Release
MARBAN
WEST EXTENSION DRILLING RETURNS
7.2 G/T AU OVER 4.8 METRES AND 6.0 G/T
AU OVER 7.6 METRES
Val-d�Or, Quebec, February 5, 2009: NioGold
Mining Corporation (TSX-V:NOX) (Frankfurt:NG1) (�NioGold�)
is pleased to report on results of the 2008 diamond drilling program in the
Malartic Gold Camp, Abitibi region, Quebec.
Assay results were received for holes MB 08 082 to MB
08 092 (11) that targeted the West Extension of the Marban Wedge Zones and Mine
Zones. Best results
include:
- MB-08-083: 6.71 g/t Au over
1.1 m;
- MB-08-084: 8.58 g/t Au over
1.2 m;
- MB-08-085:
7.20 g/t Au over 4.8 m included within 0.79 g/t Au over 100.8 m;
- MB-08-086: 8.34 g/t Au over
1.3 m;
- MB-08-088: 6.28 g/t Au over
1.2 m;
- MB-08-090: 10.71 g/t Au over
1.1 m;
- MB-08-091: 11.60 g/t Au over
1.1 m;
6.01
g/t Au over 7.6 m included within 2.48 g/t Au over 21.7 m;
7.11
g/t Au over 1.2 m.
The Company
completed 90 holes (32,500 metres) over the former Marban Mine sector since
late 2006. The drilling has demonstrated that the Marban gold mineralised
system is much larger than previously defined where at least ten (10) easterly
striking, moderately north-dipping, mineralised zones/structures are recognised
within a 1,200-metre long by 350-metre wide corridor. These include three (3)
newly recognised structures located to the north and above the mine, namely the
Lower Wedge, Upper Wedge and HWUM Zones.
A
comprehensive interpretation is in progress that will lead to a first resource
estimate to evaluate both the lower grade bulk tonnage and higher-grade gold
mineralisation blocked out to date. In 2009, the Company plans to drill test
the east and depth extensions of the system.
For a
detailed table of drilling results, download this news release in PDF format
from:
www.niogold.com/files/pdf/news/NOX_05_02_09.pdf
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 Level Plan available at www.niogold.com/marban.
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 sealed 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 field duplicates in the sample batches sent to the
laboratory and a systematic re-assaying of samples returning values above 2 g/t
Au by the fire-assay method using a gravimetric finish. As well, pulps grading
above 0.5 g/t Au 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 Marban Block, Malartic Hygrade, Malartic
H, Camflo West and Siscoe East, all located in the Malartic and Val-d�Or gold
mining camps, Abitibi region of 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.