NioGold Starts Phase 1 Drill Program at Marban Deposit

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.  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.