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NioGold Mining Corporation (TSXV: NOX, OTCQX: NOXGF) started a 1.400 meter drilling program on the H zone of the fully owned property formerly known as the Malartic H property.
NioGold Mining Corporation (TSXV: NOX, OTCQX: NOXGF) started a 1.400 meter drilling program on the H zone of the fully owned property formerly known as the Malartic H property.
According to the company’s press release:
The gold bearing H zone area has an extent of about one kilometer and is open on strike as well as at depth. It is located in the hinge of the synclinal of a Z-shaped regional fold illustrated by the contact between the Jacola and Heva formations. This zone is also affected by the Norbenite shear zone which hosts the Kierens and Norlartic deposits, 2-3 kilometers to the southeast on the Marban Block property also 100% owned by NioGold. The gold bearing mineralization consists of sheared basalts with disseminated pyrite intruded by altered felsic dykes that are also mineralized with pyrite.
Yan Ducharme, Vice-President Exploration of NioGold, commented:
With our drilling campaign in 2009-2010, we were able to interpret the zone as undulating and changing orientations. We are excited to test our geological model. This H zone is near surface, contains at least two parallel zones, has decent widths and grades and is in an isolated area that is easily accessible with a nearby road. Our goal is to confirm the geological continuity of the zones and then start building ounces. The H zone area is near our Marban Block project where we have three deposits and hopefully this could become a fourth.