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Cours Or & Argent

Niogold Mining Corp

Publié le 16 janvier 2015

NioGold Intersects 68.73 g/t Gold Over 4.1 m on the Marban Deposit

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NioGold Intersects 68.73 g/t Gold Over 4.1 m on the Marban Deposit

Val d'Or, Quebec / ACCESSWIRE / January 16, 2015 / NioGold Mining Corporation (NOX.V) (NOXGF) ("NioGold") is pleased to provide the results of the first fifteen (15) diamond drill holes of its current 40,000 meters infill program on the modelled open pit shell of the Marban deposit, located on its 100% owned Marban Block property in the Malartic Gold camp in the Abitibi District of Quebec. The results indicate several new high grade shoots as well as wide lower grade intervals.

Drilling highlights of the infill program include:

  • -- 68.73 g/t Au over 4.1 m in hole MB-14-342 at a vertical depth of 145 m.

    -- 49.90 g/t Au over 3.5 m including 124.28 g/t Au over 1.1 m in hole MB-14-343 at a vertical depth of 250 m.

    -- 18.73 g/t Au over 0.9 m in hole MB-14-347 at a vertical depth of 50 m.

    -- 8.88 g/t Au over 4.0 m in hole MB-14-349 at a vertical depth of 155 m.

  • -- 1.02 g/t Au over 42.3 m in hole MB-14-353 at a vertical depth of 325 m.

    -- 2.96 g/t Au over 5.5 m in hole MB-14-350 at a vertical depth of 165 m.

    -- 2.14 g/t Au over 9.7 m in hole MB-14-351 at a vertical depth of 490 m.

Robert Wares, NioGold's President and CEO, commented: "These preliminay results are very encouraging. They confirm the distribution of the mineralized zones, are increasing the confidence in the inferred resources and are locally filling gaps where no mineralization was known before, such as the intercept in MB-14-342 that produced 68.73 g/t Au over 4.1 m in the hanging wall of the deposit."

The Marban deposit is hosted in a sequence of volcanic rocks (alternating basalts and komatiites) cut by multiple granodioritic dykes. Gold bearing mineralization occurs in folded shear zones in the basalts and in quartz veins in every type of rocks. The infill program is designed to fill in 25 metre gaps on every 50 metre-spaced drill sections and is restricted in width and depth to test the modelled open pit shell. Since October 14, 2014, more than 14,000 meters distributed in 40 holes have been drilled and were concentrated over a strike length of 450 m on the eastern part of the deposit.

Results from holes MB-14-342 to MB-14-356 are summarized below:

Hole

Easting1 (m)

Northing1 (m)

Azimuth

Dip

Hole Length (m)

From (m)

To (m)

Length (m)

Grade (g/t Au)

Zone

MB-14-342

4500

4100

175?

-71?

303

157.7

161.8

4.1

68.73

HW New

incl

157.7

158.2

0.5

226.23

incl

160.1

160.7

0.6

272.02

192.8

193.6

0.8

6.19

HW New

MB-14-343

4500

4074

177?

-70?

270

159.7

172.2

12.5

1.82

HW New

incl

162.8

164.6

1.8

7.53

260.8

264.3

3.5

49.90

HW New

incl

262.0

263.1

1.1

124.28

MB-14-344

4499

4027

175?

-71?

303

153.8

155.0

1.2

0.75

2

MB-14-345

4399

4231

177?

-66?

351

203.0

203.5

0.5

10.08

HW

233.2

253.0

19.8

0.56

HW

MB-14-346

4049

3996

181?

-57?

325

198.4

205.9

7.5

0.71

B-D

205.9

210.3

Stope

210.3

229.8

19.5

0.49

C-A

258.8

263.6

4.8

3.21

T

309.8

310.8

1.0

5.76

MB-14-347

4049

3948

178?

-54?

266

62.2

63.1

0.9

18.73

2

203.6

217.1

13.5

1.01

T

MB-14-348

4100

3953

185?

-54?

281

197.8

200.7

2.9

4.82

C

227.3

233.1

5.8

1.49

T

MB-14-349

4099

3893

183?

-54?

252

190.0

194.0

4.0

8.88

T

MB-14-350

4148

3959

185?

-53?

300

42.8

43.9

1.1

8.10

New

207.0

212.5

5.5

2.96

C

MB-14-351

4150

4325

179?

-50?

600

218.9

221.5

2.6

2.91

Grano

511.3

521.0

9.7

2.14

C-A

MB-14-352

4099

4298

177?

-58?

563

511.1

520.0

8.9

1.25

C-A

MB-14-353

4048

4210

178?

-54?

468

272.0

282.8

10.8

1.58

E-X

301.6

319.0

17.4

1.18

D

402.9

445.2

42.3

1.02

T-A-C

incl

407.0

408.2

1.2

8.26

C

incl

429.9

434.0

4.1

1.77

T

MB-14-354

4400

4150

178?

-56?

297

117.7

139.4

21.7

0.82

HW

186.7

187.6

0.9

7.97

HW

223.6

232.0

8.4

1.58

2-E

MB-14-355

4400

4150

178?

-51?

60

Hole lost

MB-14-356

4449

4196

179?

-82?

351

259.3

263.6

4.3

2.54

New

320.8

323.4

2.6

1.92

New

1: Marban grid

In addition to the infill program, between September 10th and October 10th, 2014, four (4) holes for a total length 1,646 m, were drilled on the Kierens deposit. The first two holes (FC-14-027 and 028) were drilled outside the known resources between the Kierens and Norlartic deposits, and the two other holes (FC-14-029 and 030) were drilled inside the inferred resources of the deposit. The new results are summarized in the table below:

Hole

Easting1 (m)

Northing1 (m)

Azimuth

Dip

Hole Length (m)

From (m)

To (m)

Length (m)

Grade (g/t Au)

Zone

FC-14-027

-900

215

211?

-65?

432

276.0

279.5

3.5

1.18

Kierens

FC-14-028

-899

218

211?

-75?

498

351.4

360.0

8.6

2.28

Kierens

FC-14-029

-966

177

211?

-55?

326

174.7

196.2

21.5

0.71

Kierens

incl

192.6

196.2

3.6

1.98

FC-14-030

-1043

179

211?

-65?

390

160.9

215.4

54.5

0.73

Kierens

incl

179.3

180.4

1.1

8.29

incl

207.6

214.2

6.6

2.82

1:Norlartic Grid

Technical Info, QA/QC and Qualified Persons

Reported intervals are in core lengths and are anticipated to be perpendicular to the direction of the zone (except when the drilling angle is steeper than -65? to -70?).

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 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 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 the fire-assay method 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.

The exploration program is being conducted 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. This news release was prepared by Mr. Ducharme.

NioGold Mining Corporation - >

NioGold Mining Corporation 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. NioGold's land holdings within the Abitibi presently cover 125km2 and encompass four former gold producers, namely the Norlartic, Kierens (First Canadian), Marban and Malartic Hygrade mines that collectively produced 630,000 ounces of gold.

NioGold's experienced and qualified technical team are overseeing the advancement of these projects, targeting expansion of the resource base.

NioGold invites you to visit the company website at www.niogold.com.

For information on NioGold Mining Corporation contact:

Michael A. Iverson Dale Paruk Louis Baribeau
miverson@niogold.com dparuk@niogold.com lbaribeau@niogold.com

Tel: (604) 856-9887 Tel: (604) 510-4505 Tel: (514) 667-2304

Toll-free: (877) 642-6200

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

FORWARD-LOOKING STATEMENTS

This news release includes "forward looking statements", as that term is defined in Section 27A of the Unites States Securities Act of 1933, as amended, and Section 21E of the United States Exchange Act of 1934, as amended, that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.

Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Except as required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.

CAUTIONARY NOTE TO U.S. INVESTORS

The United States Securities and Exchange Commission (the "SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in this news release, such as 'measured resources', 'indicated resources' and 'inferred resources', which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. The news release may contain information about adjacent properties on which we have no right to explore or mine. U.S. investors are cautioned that mineral deposits on adjacent properties may not be indicative of mineral deposits on our properties.

SOURCE: NioGold Mining Corporation

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Niogold Mining Corp

EXPLORATEUR
CODE : NOX.V
ISIN : CA6544851018
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Niogold est une société d’exploration minière d'or basée au Canada.

Niogold détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MALARTIC BLOCK, CAMFLO WEST, KIERENS, LE TAC, MARBAN MINE, BLONDEAU-GUILLET, BOYVINET et PUMP LAKE au Canada.

Niogold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 56,3 millions CA$ (42,5 millions US$, 38,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2003 à 0,74 CA$, et son plus bas niveau récent le 19 décembre 2008 à 0,04 CA$.

Niogold possède 130 820 008 actions en circulation.

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Rapports annuels de Niogold Mining Corp
2008 Annual Report
Financements de Niogold Mining Corp
29/05/2007Updates Exploration Programs and Announces Private Placement...
26/04/2007Completion of Brokered and Non-Brokered Private Placement
23/03/2007ANNOUNCES INCREASE TO BROKERED PRIVATE PLACEMENT
05/03/2007Brokered and non brokered private placement
Attributions d'options de Niogold Mining Corp
06/07/2009 Appoints new VP, Grants stock options
Projets de Niogold Mining Corp
11/03/2011(Malartic Block)Updated Mineral Resource Technical Report
03/03/2011(Malartic Block)Commences Exploration Drilling in New Sector at Malartic
21/01/2011(Marban Mine)and Aurizon Report 9.06 G/T AU Over 7.3 Metres at Marban
06/07/2010(Marban Mine)And Aurizon Form Partnership To Develop The Marban Block Pro...
05/02/2009(Marban Mine)MARBAN WEST EXTENSION DRILLING RETURNS
05/11/2008(Marban Mine)DISCOVERS HIGH-GRADE GOLD ZONE AT MARBAN
03/09/2008(Marban Mine)DRILLING AT MARBAN DELINEATES NEAR-SURFACE WEDGE ZONE
13/05/2008(Marban Mine)WEST EXTENSION TARGET AT MARBAN RETURNS 9.45 G/T GOLD
10/01/2008MARBAN DRILLING RETURNS 9.8 G/T GOLD OVER 3.0 METRES and 13....
05/09/2007CONTINUES TO OUTLINE NEW GOLD MINERALISATION AROUND FORMER M...
11/07/2007Continues to Expand Gold Mineralisation Around Historic Marb...
20/02/2007 NioGold acquires 85 km² land position
Communiqués de Presse de Niogold Mining Corp
11/01/2016IIROC Trading Resumption - NOX
11/01/2016IIROC Trading Halt - NOX
27/10/2015NioGold cuts 3.54 g/t Au over 15.2 metres at Marban
10/09/2015NioGold intersects 4.47 g/t Au over 22.0 m at Marban
05/08/2015NioGold Intersects 1.57 g/t Au Over 31.5 m At Marban
06/07/2015NioGold Reports Preliminary Leach Test Results at Marban
25/03/2015NioGold Drills 15.8 metres at 4.95 g/t Au at Marban
25/03/2015NioGold - Management Appointments
23/03/2015NioGold - Management Appointments
23/03/2015NioGold - Nominations a la direction
26/02/2015NioGold Recoupe 15.8 metres a 4.95 g/t Au a Marban
26/02/2015NioGold Drills 15.8 metres at 4.95 g/t Au at Marban
19/02/2015NioGold Lance Un Programme de Tests Metallurgiques et Augmen...
19/02/2015NioGold Launches Metallurgical Testing Program and Boosts Dr...
16/01/2015NioGold Intersects 68.73 g/t Gold Over 4.1 m on the Marban D...
05/11/2014NioGold Launches 40,000 Meter Definition Drill Program At Ma...
05/11/2014NioGold Launches 40,000 Meter Definition Drill Program At Ma...
18/09/2014NioGold Appoints Robert Wares as President and CEO
09/09/2014NioGold Releases Exploration Results From the Malartic Block...
29/08/2014NioGold Mining Appoints Sean Roosen and John Burzynski to Bo...
25/07/2014IIROC Trading Resumption - NOX
25/07/2014NioGold Mining Announces $4.9 Million Financing with Osisko ...
25/07/2014IIROC Trading Halt - NOX
22/05/2014NioGold Mining Commences Drilling on the Malartic H Property
13/05/2014NioGold Consolidates 100% Interest in the Malartic H Propert...
06/01/2014(NOX:TSX-V) NioGold Mining Shareholder Update
18/03/2010 Exploration Drilling at Malartic Returns Values Up to 31 Gr...
11/02/2010To acquire Nicolet-south property adjoining Nevado and Bowmo...
08/02/2010The Gold Report: Jay Taylor Updates NioGold Mining (TSX-V: ...
28/01/2010Reports Significant Increase In Malartic Project’s Gold Reso...
24/12/2009 Completes $2,16M financing and updates activities in the Ma...
14/12/2009Interview with NioGold's President
03/09/2009Resumes drilling in the Malartic Gold camp
21/08/2009Acquires 4 claims in Val d'or
06/08/2009 Siscoe East drilling returns 43,67 g/t Au over 1,9 metres
20/02/2009Joins the “AGORACOM 100” and Launches Online IR and Marketin...
01/10/2008OPTIONS STRATEGIC PROPERTY IN THE MALARTIC GOLD CAMP
30/09/2008ATLANTA GOLD INC. AND NIOGOLD MINING CORP. OPTION ABITIBI QU...
12/08/2008MARBAN WEST EXTENSION DRILLING RETURNS UP TO 78.90 G/T GOLD ...
02/07/2008lexandria Minerals and NioGold Mining to Enter JV on Siscoe ...
05/02/2008ACQUIRES 10 CLAIMS IN MALARTIC GOLD CAMP
15/01/2008EXTENDS KIERENS ZONE WITH 9.6 G/T GOLD OVER 3.1 METRES INTER...
20/12/2007Investor Update
06/11/2007MARBAN DRILLING RETURNS 6.05 G/T GOLD OVER 6.5 METRES
02/10/2007ROXANE URANIUM PROSPECT TRACED OVER 2 KM ON PUMP LAKE
25/09/2007DRILLING PROVES STRONG POTENTIAL AROUND FORMER MARBAN MINE
11/09/2007FINDS URANIUM ON PUMP LAKE
08/05/2007FIELD EXPLORATION ON PUMP LAKE COPPER-GOLD-URANIUM PROSPECT
08/05/2007STARTS FIELD EXPLORATION ON PUMP LAKE COPPER-GOLD-URANIUM PR...
26/04/2007INITIATES SIZEABLE DRILL PROGRAM IN THE MALARTIC GOLD CAMP
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