Drill Results Point to Open-pit Potential at NioGold's Marban

NioGold Mining Corp. (TSXV:NOX,OTCQX:NOXGF) released results from 30 new diamond drill holes completed at its Marban deposit. The deposit is located at the company’s Quebec-based Marban Block property, and the holes were completed as part of a resource definition program.
Drill highlights include:

• 5.19 g/t Au over 6.0 m in drill hole MB-15-440 at 25 m vertical depth.
• 61.47 g/t Au over 0.7 m in drill hole MB-15-442 at 50 m vertical depth.
• 23.69 g/t Au over 1.2 m in drill hole MB-15-442 at 85 m vertical depth.
• 17.05 g/t Au over 0.9 m in drill hole MB-15-444 at 90 m vertical depth.
• 58.49 g/t Au over 1.0 m in drill hole MB-15-446 at 90 m vertical depth.
• 9.11 g/t Au over 2.3 m in drill hole MB-15-447 at 210 m vertical depth.
• 1.37 g/t Au over 14.8 m in drill hole MB-15-450 at 290 m vertical depth.
• 1.57 g/t Au over 31.5 m in drill hole MB-15-457 at 190 m vertical depth.
• 4.09 g/t Au over 5.2 m in drill hole MB-15-458 at 70 m vertical depth.
• 1.15 g/t Au over 19.0 m in drill hole MB-15-462 at 220 m vertical depth.

All of the above-listed intersections are located within the modelled open-pit shell, with the exception of the second intersection in drill hole MB-15-442, which could be part of a new lens. This new series contains drill holes throughout the strike length of the deposit (sections 3500^E at 4550^E).

Robert Wares, president and CEO of NioGold, commented:

The majority of significant drill intersections in this set of holes are at shallow depths, illustrating the potential for an open pit operation at Marban. These holes will contribute to better defining mineralized zones within the first 100 vertical metres.

Click here to read the full NioGold Mining Corp. (TSXV:NOX,OTCQX:NOXGF) press release.