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Niogold Mining Corp
TSX-V NOX.V 0,43 CA$ 30,30%
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NioGold cuts 3.54 g/t Au over 15.2 metres at Marban

Publié le 27 octobre 2015

October 27, 2015

Val-d'Or, Quebec -- NioGold Mining Corp. (TSX-V: NOX) (OTCQX: NOXGF) ('NioGold') is pleased to release the results of thirty (30) new diamond drill holes of its resource definition program on the modelled open pit shell of the Marban deposit, located on NioGold's 100% owned Marban Block property in the Malartic Gold camp, Abitibi District, Quebec.

Drilling highlights from this set of holes include:

  • 19.82 g/t Au over 1.0 m and 20.09 g/t Au over 1.1 m in drill hole MB-15-491 at 75 m and 155 m vertical depth respectively.
  • 2.44 g/t Au over 10.5 m in drill hole MB-15-494 at 210 m vertical depth.
  • 1.57 g/t Au over 22.4 m in drill hole MB-15-496 at 260 m vertical depth.
  • 1.22 g/t Au over 22.4 m in drill hole MB-15-501 at 40 m vertical depth.
  • 2.06 g/t Au over 13.2 m in drill hole MB-15-506 at 210 m vertical depth.
  • 29.43 g/t Au over 1.2 m and 1.87 g/t Au over 16.4 m in drill hole MB-15-514 at 30 m and 150m vertical depth respectively.
  • 3.54 g/t Au over 15.2 m and 2.25 g/t Au over 14.2 m in drill hole MB-15-517 at 210 m and 245 m vertical depth respectively.

These thirty new holes total 7,021 metres. So far, a total of 179 drill holes for a cumulative length of 52,526 meters have been released. A final press release will disclose remaining results within two weeks time.

The drilling campaign ended on August 13 with a total of 72,661 metres drilled, distributed in 246 holes and one extension of a hole from a previous campaign. An update of the geological interpretation is underway in view of the next resource estimate.

Results from holes MB-15-491 to MB-15-520 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-15-491 4450 3817 181° -60° 359 87.8 88.8 1.0 19.82 Lense
176.4 177.5 1.1 20.09 P
MB-15-492 4449 3769 182° -59° 189 44.0 48.6 4.6 1.27 E
MB-15-493 4449 3718 179° -59° 159 135.9 137.1 1.2 1.93 New
MB-15-494 4298 4118 179° -74° 360 218.7 229.2 10.5 2.44 E-2
incl 221.6 222.8 1.2 10.32 2
MB-15-495 4299 4089 180° -64° 474 347.7 355.6 7.9 1.92 C1
MB-15-496 4298 4020 178° -59° 411 288.8 311.6 22.8 1.57 C-A
incl 310.1 311.6 1.5 9.88 A
361.0 381.4 20.4 1.08 T
MB-15-497 4248 3722 178° -52° 141 122.2 123.4 1.2 0.72 New
MB-15-498 4200 3773 182° -65° 189 98.4 101.2 2.8 2.10 C
MB-15-499 4099 3743 180° -55° 132 36.2 37.4 1.2 0.61 T
MB-15-500 4048 3729 178° -50° 81 56.6 57.8 1.2 16.45 New
MB-15-501 3998 3776 179° -50° 120 41.2 63.6 22.4 1.22 T
MB-15-502 3949 3783 180° -45° 117 34.0 37.8 3.8 3.13 T
MB-15-503 3900 3788 179° -45° 82 24.7 29.4 4.7 3.08 T
MB-15-504 4400 4007 183° -47° 420 316.0 334.0 18.0 0.99 P-M
MB-15-505 4274 4092 183° -50° 438 326.0 326.9 0.9 14.17 C
MB-15-506 4079 4135 178° -50° 401 279.6 292.8 13.2 2.06 D
353.1 362.0 8.9 1.92 A
MB-15-507 3772 3850 182° -50° 111 44.7 47.8 3.1 1.01 C
MB-15-508 3624 3870 179° -50° 111 33.0 43.2 10.2 0.83 E
MB-15-509 3625 3933 179° -51° 150 88.7 97.1 8.4 2.16 E
MB-15-510 3573 3930 178° -45° 147 76.2 85.8 9.6 1.13 C
MB-15-511 3524 4137 180° -50° 189 167.8 170.2 2.4 1.34 Z
MB-15-512 3524 4065 177° -50° 150 132.1 134.6 2.5 1.01 Z
MB-15-513 3475 4126 178° -45° 152 145.4 147.8 2.4 1.34 Z
MB-15-514 4326 3846 180° -47° 270 42.0 43.2 1.2 29.43 New
177.3 178.1 0.8 17.65 C
192.0 208.4 16.4 1.87 T
MB-15-515 4223 3802 177° -50° 192 128.4 142.8 14.4 1.36 C
MB-15-516 4224 3785 -70° 420 223.2 225.6 2.4 8.72 New
249.0 258.0 9.0 1.54 A
264.0 275.0 11.0 1.03 A
MB-15-517 4249 4023 179° -55° 402 251.6 266.8 15.2 3.54 C
incl 254.0 255.2 1.2 21.36 C
290.4 304.6 14.2 2.25 A
incl 302.0 303.3 1.3 14.91 A
MB-15-518 4122 3811 179° -50° 150 96.7 104.5 7.8 1.40 C
MB-15-519 3525 4238 180° -45° 222 116.0 117.2 1.2 1.84 New
MB-15-520 3917 4006 181° -46° 282 252.7 256.0 3.3 2.95 New

1: Marban grid.

A map showing the location of the best results is available at:

Marban Block Best Results

A longitudinal showing the new best results obtained on the Marban deposit is available at:

Marban Deposit Longitudinal Section

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 Boulé, Québec, 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.

NioGold Mining Corp. - « On Canada's Golden Highway »

NioGold Mining Corp. is a mineral exploration and development company focused on gold. The Company's projects are located in the heart of Québec'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.

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

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

For information on NioGold Mining Corp. contact:

Michael A. Iverson,
[email protected]
Tel: (604) 856-9887

Dale Paruk
[email protected]
Tel: (604) 510-4505
Toll-free: (877) 642-6200

Louis Baribeau
[email protected]
Tel: (514) 667-2304

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. The Company 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 the Company has 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 the Company's properties.

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