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NioGold Mining Corp. (TSXV:NOX,OTCQX:NOXGF) announced the commencement of a Phase 1, 40,000-meter definition drilling program at the Marban deposit, which is on its Quebec-based Marban property.
NioGold Mining Corp. (TSXV:NOX,OTCQX:NOXGF) announced the commencement of a Phase 1, 40,000-meter definition drilling program at the Marban deposit, which is on its Quebec-based Marban property.
As quoted in the press release:
The drill program has been initiated with three drills and may be accelerated with the addition of more drills as the need requires. Â The aim is to improve the current near surface resource for 100% conversion to measured and indicated category.
The current estimate was prepared in compliance with NI 43-101 by Mine Development Associates and released on August 15, 2013, where pit constrained measured resources are of 6.4 Mt at 1.33 g/t Au for 275,000 ounces, indicated resources are of 18.2 Mt at 1.30 g/t Au for 760,000 ounces and inferred resources are of 10.9 Mt at 0.81 g/t Au for 284,000 ounces.
Click here to read the full NioGold Mining Corp. (TSXV:NOX,OTCQX:NOXGF) press release.