NioGold Mining Corporation (CVE:NOX) reports that it has begun exploration drilling in the new sector at Malartic.
The press release is quoted as saying:
NioGold plans an initial 6,000 metres of exploration drilling to investigate sedimentary formations on the north side of the famous Cadillac fault in proximity to the Canadian Malartic and Barnat deposits and Jeffrey Zone being developed by Osisko. The Canadian Malartic project presently boasts open pit reserves of 245.8 million tonnes at an average grade of 1.13 g/t Au for 8.97 million contained gold ounces. Canadian Malartic is now recognised as a porphyry-type gold system hosted within diorite porphyry intrusions and altered sediments on the south side of the Cadillac fault.