NioGold is a mineral exploration company focused on GOLD.

The Company’s flagship projects are located in the Cadillac - Malartic - Val-d’Or region of the prolific Abitibi gold mining district Quebec.

Message: Press Release: New Zone Discovered Hole Returned 19.21 G/T Au Over 5.6 Metres

Full Article:

Val-d'Or, Quebec -- NioGold Mining Corporation (TSX-V: NOX) (OTCQX: NOXGF) ("NioGold") reports that Phase Two exploration on its Marban Block property in Quebec has identified a new high grade gold zone and extended the Marban deposit on strike and at depth. The results from 31 drill holes conclude a very successful program conducted under the $20 million earn-in option to be spent by Aurizon Mines ("Aurizon") on the property. Approximately $9 million remains on the commitment. The Marban Block is located in the Malartic gold camp, Abitibi region of Quebec.

The new gold zone was discovered at about 500 metres north of the Marban deposit and at 350 metres south of the Norlartic deposit. Two holes intersected a mineralized dioritic dike.

The results of the new zone are:

  • 19.40 g/t Au over 1.2 m on section 3600 at a vertical depth of 92 m (MB-12-323)
  • 19.21 g/t Au over 5.6 m on section 3600 at a vertical depth of 215 m (MB-12-324)

This discovery occurred in the 13 exploration holes which were drilled outside the Marban deposit limits. One hole investigating the stratigraphy of the Marban deposit at great depth revealed the continuity of the Marban system down to a depth of 780 vertical metres with hole MB-12-322 (1.77 g/t Au over 6.5 m) which is about 450 metres from the deepest information on that section of the deposit. North of the Marban deposit, a group of 5 holes intersected the Norlartic system thus confirming its eastern extension.

Results from the 18 others holes that were drilled on the Marban deposit are distributed on a strike of 1,025 meters and include the Eastern Down Dip Zone ("EDDZ") and Western High Grade Zone ("WHGZ").

Drilling highlights from the EDDZ include:

  • 3.74g/t Au over 6.4 m on section 4700 at a vertical depth of 245 m (MB-12-317)
  • 4.51 g/t Au over 6.0 m on section 4600 at a vertical depth of 375 m(MB-12-319)

In-fill drill holes on the WHGZ include the following highlights:

  • 19.35 g/t Au over 1.2 m on section 3725 at a vertical depth of 100 m (MB-12-309)
  • 20.70 g/t Au over 0.7 m and 14.65 g/t Au over 1.2 m on section 3675 at a vertical depth of 50 m and 60 m respectively (MB-12-312)
  • 1.31 g/t Au over 19.7 m on section 3700 at a vertical depth of 35 m (MB-12-314)
  • 21.40 g/t Au over 0.9 m on section 3850 at a vertical depth of 30 m (MB-12-327)

"These are extremely encouraging results," said Mike Iverson, NioGold's Chairman and CEO. "We made a new discovery between the Marban and Norlartic deposits. We extended the Eastern Down Dip Zone with wide, high-grade intervals, while in-fill drilling in the Western High Grade Zone continued to deliver high grade values over small widths and lower grade intervals over larger widths. We look forward to the Phase Three program, which NioGold and Aurizon expect to begin in late August or early September."

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