Article by Dorothy Hoffert

The Abitibi CBelt of northern Ontario and Québec is currently one of the most active gold camps in the world. With historic production exceeding 170 million ounces of gold, it is the second largest gold producing region in North America. Stretching nearly 300 kilometres from Timmins, Ontario to Val d’Or, Québec, the Abitibi Greenstone Belt contains large deposits of minerals including gold, silver, copper, and zinc. The belt has yielded over 35 billion pounds of zinc, 15 billion pounds of copper, and 400 million ounces of silver.

Noted gold regions within the Abitibi include:

• Timmins Gold Camp (66 million oz. gold

production from the Dome, Hollinger and MacIntyre mines)

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Much of the current activities in these gold camps centres around old mines that stopped production years ago. The original miners followed the high-grade veins that

often without realizing that lower grade and more broadly disseminated, gold occurred over large surrounding areas.

^{2) lies adjacent to eight producing gold mines and a 20-kilometre stretch of the Norbenite-Marbanite gold mineralized fault zone}

encompasses past producing mines: the Marban, Norlartic and Kierens mines that collectively produced 600,000 ounces of gold. A portion of NioGold’s property also lies adjacent to the Osisko Mining Corp. [OSK-TSX] Canadian Malartic Project that has a reported resource of 9 million ounces averaging 1.13 grams gold/tonne.

NioGold raised in excess of $15,000,000

along a three-kilometre segment of the Norbenite-Marbanite fault zone in and around the former producers. Management believes these current resources can be increased significantly through comprehensive development drilling.

Substantial, near-surface, lower grade gold mineralization will be evaluated for open pit potential and several mills in the region have excess capacity, so production could ramp up much sooner and without the capital expense of building facilities.

The company has a 100,000-metre drilling program planned, for the next two years, to expand the current resources and to search for new discoveries. Exploration further to the northwest along the fault zone has been underway since September with assays pending. A high-grade discovery by

will be followed up with more drilling. The company also plans to conduct an exploration program on a new gold project situated in the Thetford Mines area of the southern Québec, Appalachian region.

by the Fraser Institute two years in a row.

Infrastructure is in place for access, electrical power and man-power is available in Val d’Or a regional centre for drilling contractors and mining professionals. NioGold’s exploration programs are managed by an experienced, highly qualified technical team with extensive knowledge of the area. Directors and officers are well-regarded, experienced professionals.

NioGold is well-financed, has a large land position in an active gold camp, strong management and a significant and growing gold deposit. n