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Exploration updates including completion of 26 holes and 5 extensions for a total of 9,500 metres in the NioGold Mining Corporation (TSXV:NOX) Malartic gold camp, Abitibi region of Quebec were announced.
Exploration updates including completion of 26 holes and 5 extensions for a total of 9,500 metres in the NioGold Mining Corporation (TSXV:NOX) Malartic gold camp, Abitibi region of Quebec were announced.
As quoted in the press release:
-$5-million second phase program is in progress on the Marban Block property under the terms of the Aurizon Mines Ltd. earn-in agreement;
-34,000 metres of drilling and updated resource estimates are planned to be completed by the end of the second quarter 2012;
-Twenty-six (26) holes and 5 extensions of previous holes, for a total of 9,500 metres, have been completed to date. Initial results are expected within four weeks;
-Fifty-seven (57) exploration holes, for a total of 17,600 metres, were drilled in 2011 on the adjoining Malartic Block property;
-Results are pending for holes completed in the northern half of the property;
-Drilling operation will resume in the next few days to follow-up on the Ludovick gold zone discovered in the southern portion of the property.
Click here to read the NioGold Mining Corp. (TSXV:NOX) press release
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