Gold

NioGold Mining Corporation (TSXV:NOX) reported the final drilling results of the first program conducted under the terms of the Aurizon Mines Ltd. (“Aurizon”) earn-in option on the Marban Block property, located in the Malartic gold camp, Abitibi region of Quebec.

NioGold Mining Corporation (TSXV:NOX) reported the final drilling results of the first program conducted under the terms of the Aurizon Mines Ltd. (“Aurizon”) earn-in option on the Marban Block property, located in the Malartic gold camp, Abitibi region of Quebec.

As quoted in the press release:

A $5-million second phase program has been initiated.

Drilling highlights include:

  • An additional important near surface mineralised interval of 9.8 grams of gold per tonne (g/t Au) over 5.8 metres (MB‑11‑224) was obtained in the newly recognised Marban ‘High Grade Western Zone’ (see news release dated September 19, 2011).
  • Drilling within the Marban deposit continues to confirm the continuity of the mineralised zones near surface as well as their extension below the Marban mine. Six (6) of the fourteen (14) holes returned thick lower grade gold mineralised intervals with metal factors above 20 as well as higher grade intercepts, including 8.3g/t Au over 4.6 metres (MB‑11-200) intersected at a vertical depth of 275 metres.
  • An interval of 5.9 g/t Au over 3.6 metres (MB‑08‑056ext) was obtained at a vertical depth of 350 metres in the newly recognised Marban ‘Eastern Down Dip Zone’.
  • Shallow Exploration fence drilling between the Norlartic and Marban deposits intersected gold mineralised intervals up to 600 metres east and along strike extent of the Norlartic deposit / Norbenite shear zone and within a newly recognised altered and mineralised felsic intrusive. Values of up to 10 g/t Au were returned.

Click here to read the NioGold Mining Corporation (TSXV:NOX) press release
Click here to see the NioGold Mining Corporation (TSXV:NOX) profile.

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