NioGold Confirms Continuity of Mineralized Zones at Marban Deposit

Gold Investing

NioGold Mining Corp. (TSXV:NOX,OTCQX:NOXGF) released results from 25 new diamond drill holes completed as part of a resource definition program at the modeled open-pit shell of the Marban deposit.

NioGold Mining Corp. (TSXV:NOX,OTCQX:NOXGF) released results from 25 new diamond drill holes completed as part of a resource definition program at the modeled open-pit shell of the Marban deposit. The deposit is located at the company’s Quebec-based Marban Block project.

Drill highlights include:

  • 36.01 g/t Au over 1.2 m in drill hole MB-15-411 at 150 m vertical depth.
  • 31.80 g/t Au over 1.1 m in drill hole MB-15-413 at 205 m vertical depth.
  • 5.87 g/t Au over 4.9 m in drill hole MB-15-413 at 235 m vertical depth.
  • 123.5 g/t Au over 1.2 m in drill hole MB-15-415 at 80 m vertical depth.
  • 3.73 g/t Au over 10.2 m in drill hole MB-15-416 at 200 m vertical depth.
  • 4.51 g/t Au over 16.2 m in drill hole MB-15-417 at 360 m vertical depth.
  • 1.40 g/t Au over 15.6 m in drill hole MB-15-418 at 100 m vertical depth.
  • 2.29 g/t Au over 12.1 m in drill hole MB-15-425 at 175 m vertical depth.
  • 20.3 g/t Au over 1.0 m in drill hole MB-15-426 at 50 m vertical depth.

All of the above-listed intersections are within the modelled open-pit shell, with the exception of drill hole MB-15-417. This new series contains drill holes throughout the strike length of the deposit (sections 3500E to 4550E).

Robert Wares, president and CEO of NioGold, commented:

Another positive set of drill results confirms the continuity of mineralized zones within the Marban deposit. The addition of 20,000 metres of drilling, mostly along new 25-metre sections, will strengthen the resource model and should allow for the increased definition of measured resources, ultimately yielding an extremely robust resource model at Marban.

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

NioGold Mining Corporation is a mineral exploration and development company focused on gold. The Company’s projects are located in the heart of Quebec’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.

The Conversation (0)
×