NioGold Mining Corp. intersects 4.47 g/t Au over 22.0 m at Marban
Val d'Or, September 10, 2015 - NioGold Mining Corporation (TSX-V: NOX) (OTCQX: NOXGF) ("NioGold") is pleased to release the results of twenty-five (25) new diamond drill holes of its resource definition program on the modelled open pit shell of the Marban deposit, located on NioGold's 100% owned Marban Block property in the Malartic Gold camp, Abitibi District, Quebec.Drilling highlights from this set of holes include:
-3.24 g/t Au over 13.8 m in drill hole MB-15-470 at 165 m vertical depth.
-85.53 g/t Au over 1.2 m in drill hole MB-15-471 at 340 m vertical depth.
-1.22 g/t Au over 50.8 m in drill hole MB-15-472 at 200 m vertical depth.
-1.97 g/t Au over 34.4 m in drill hole MB-15-474 at 210 m vertical depth.
-11.78 g/t Au over 3.0 m in drill hole MB-15-475 at 275 m vertical depth.
-2.64 g/t Au over 14.7 m in drill hole MB-15-477 at 180 m vertical depth.
-4.47 g/t Au over 22.0 m in drill hole MB-15-478 at 190 m vertical depth.
-27.84 g/t Au over 1.2 m in drill hole MB-15-478 at 230 m vertical depth.
-1.61 g/t Au over 24.6 m in drill hole MB-15-479 at 320 m vertical depth.
-31.92 g/t Au over 1.0 m in drill hole MB-15-481 at 100 m vertical depth.
-8.26 g/t Au over 3.9 m in drill hole MB-15-489 at 40 m vertical depth.
All of the above-listed intersections are located within the modelled open-pit shell and this drill holes series is located throughout the strike length of the deposit (sections 3725E to 4650E).
Robert Wares, NioGold's President and CEO, stated: "We are extremely pleased with this new set of results which demonstrates relatively high grades over good thicknesses for an open pit situation. Intervals like 4.47 g/t of gold over 22 meters and 1.22 g/t of gold over 50.8 metres encourage us to pursue our efforts to make the Marban deposit the next open pit gold mine in the Abitibi region."
Results from holes MB-15-466 to MB-15-490 are summarized in the table below. The intercepts labelled "New" should allow for the definition of new lenses:
| Hole | Easting1 (m) | Northing1 (m) | Azimuth | Dip | Hole Length (m) | From (m) | To (m) | Length (m) | Grade (g/t Au) | Zone |
| MB-15-466 | 4650 | 3970 | 183? | -53? | 150 | 134.4 | 136.0 | 1.6 | 4.17 | Hw |
| MB-15-467 | 4596 | 3803 | 176? | -51? | 221 | 37.8 | 38.7 | 0.9 | 19.90 | New |
| MB-15-468 | 4548 | 3827 | 184? | -55? | 239 | 158.7 | 163.9 | 5.2 | 1.63 | New |
| MB-15-469 | 4547 | 3776 | 181? | -45? | 171 | 57.9 | 61.6 | 3.7 | 0.78 | D3 |
| MB-15-470 | 4249 | 4244 | 174? | -62? | 324 | 178.2 | 192.0 | 13.8 | 3.24 | Hw |
| MB-15-471 | 4250 | 4124 | 177? | -62? | 471 | 223.2 | 245.0 | 21.8 | 1.17 | D2-E |
| 289.8 | 305.9 | 16.1 | 1.81 | B-D | ||||||
| incl | 294.6 | 295.8 | 1.2 | 12.65 | D | |||||
| 374.2 | 375.2 | 1.0 | 21.21 | C | ||||||
| 375.2 | 386.4 | 11.2 | 1.32 | C | ||||||
| 386.4 | 387.6 | 1.2 | 85.53 | C | ||||||
| 392.8 | 406.0 | 13.2 | 1.70 | A | ||||||
| MB-15-472 | 4151 | 4202 | 178? | -54? | 495 | 226.2 | 277.0 | 50.8 | 1.22 | D2-E-Y |
| 307.3 | 328.0 | 20.7 | 1.59 | B-D | ||||||
| 426.1 | 429.3 | 3.2 | 5.55 | A | ||||||
| MB-15-473 | 4201 | 4221 | 180? | -68? | 321 | 96.4 | 102.8 | 6.4 | 1.03 | Grano |
| MB-15-474 | 4198 | 4181 | 177? | -64? | 543 | 221.4 | 255.8 | 34.4 | 1.97 | E-Y-2 |
| incl | 228.2 | 228.9 | 0.7 | 28.98 | 2 | |||||
| incl | 235.7 | 239.6 | 3.9 | 4.84 | Y-2 | |||||
| 321.7 | 327.0 | 5.3 | 3.15 | D | ||||||
| 420.1 | 426.3 | 6.2 | 2.27 | C | ||||||
| 440.0 | 448.6 | 8.6 | 2.55 | A | ||||||
| MB-15-475 | 4151 | 4146 | 180? | -54? | 456 | 343.5 | 346.5 | 3.0 | 11.78 | C2 |
| 365.1 | 395.2 | 30.1 | 0.95 | C-A | ||||||
| MB-15-476 | 4149 | 4081 | 181? | -54? | 386 | 280.7 | 288.0 | 7.3 | 1.69 | C2 |
| MB-15-477 | 4149 | 4020 | 178? | -54? | 332 | 219.4 | 234.1 | 14.7 | 2.64 | D-B |
| MB-15-478 | 4126 | 4195 | 182? | -54? | 470 | 232.0 | 254.0 | 22.0 | 4.47 | 2-Y |
| 291.6 | 292.8 | 1.2 | 27.84 | D2 | ||||||
| 297.8 | 314.9 | 17.1 | 1.92 | D | ||||||
| 418.5 | 432.4 | 13.9 | 1.53 | C-A | ||||||
| MB-15-479 | 4098 | 4156 | 181? | -55? | 443 | 388.0 | 412.6 | 24.6 | 1.61 | A-T |
| MB-15-480 | 4099 | 4106 | 179? | -53? | 389 | 264.6 | 267.5 | 2.9 | 6.03 | D |
| MB-15-481 | 3724 | 3975 | 177? | -47? | 213 | 134.0 | 135.0 | 1.0 | 31.92 | D |
| MB-15-482 | 3853 | 4287 | 176? | -46? | 480 | 414.6 | 429.0 | 14.4 | 1.08 | A |
| MB-15-483 | 3850 | 4212 | 180? | -45? | 441 | 374.9 | 383.6 | 8.7 | 2.60 | A |
| MB-15-484 | 3899 | 4194 | 182? | -60? | 432 | 386.0 | 394.0 | 8.0 | 2.42 | A |
| MB-15-485 | 3899 | 4105 | 179? | -49? | 330 | 249.0 | 254.0 | 5.0 | 2.22 | B-C |
| MB-15-486 | 3747 | 3871 | 182? | -45? | 111 | 58.7 | 60.4 | 1.7 | 3.15 | C |
| MB-15-487 | 3747 | 3835 | 179? | -45? | 108 | 29.1 | 38.2 | 9.1 | 1.13 | C |
| MB-15-488 | 3798 | 3865 | 181? | -45? | 135 | 60.2 | 63.2 | 3.0 | 2.91 | C |
| MB-15-489 | 3836 | 3852 | 178? | -45? | 135 | 58.1 | 62.0 | 3.9 | 8.26 | C |
| MB-15-490 | 4198 | 4072 | 178? | -62? | 444 | 295.2 | 307.1 | 11.9 | 2.70 | C1 |
| incl | 303.6 | 305.9 | 2.3 | 8.71 | C1 | |||||
| 336.0 | 344.0 | 8.0 | 1.87 | A |
1: Marban grid.
These twenty-five new holes total 8,240 metres. So far, a total of 149 drill holes for a cumulative length of 45,505 meters have been released.
The drilling campaign ended on August 13 with a total of 72,661 metres drilled, distributed in 246 holes. The last samples were sent to the laboratory on August 27. An update of the geological interpretation is underway in view of the next resource estimate.
A map showing the location of the best results is available at:
Marban Block Best Results (right click. open hyperlink)
A longitudinal showing the new best results obtained on the Marban deposit is available at:
Marban Deposit Longitudinal Section (right click. open hyperlink)
Technical Info. QA/QC and Qualified Persons
Drill orientations are roughly perpendicular to dip of mineralized zones and true widths of mineralized zones represent minimum 90% of reported core intervals.
Diamond drill holes were drilled with NQ-size core, except for holes that traversed underground workings which were completed using BQ-size core. The core was sealed and delivered by the drilling contractor to NioGold's facilities located at the Norlartic mine site. The core was photo-graphed for reference, logged and mineralised sections were sawed in half. Sample lengths vary between 0.5 to 1.5 metres. Half core samples were bagged, sealed and delivered to Actlabs in Ste-Germaine Boule, Quebec, which is an accredited laboratory. The remaining core is stored on site for reference. Samples were assayed by the fire-assay method using an atomic absorption finish on a 50-gram pulp split. A quality assurance and quality control program (QA/QC) was implemented by NioGold and the laboratory to insure the precision and reproducibility of the analytical method and results. The QA/QC program includes the insertion of standards, blanks and field duplicates in the sample batches sent to the laboratory and a systematic re-assaying of samples returning values above 3 g/t Au by fire-assay using a gravimetric finish. As well, pulps grading above 0.5 g/t Au or mineralized intervals are sent to a second laboratory for check assaying.
Drill program design and monitoring, core logging and sample preparation are being executed at NioGold's facilities in Val d'Or, under the supervision of Yan Ducharme. M.Sc., P.Geo. (OGQ). NioGold's Vice-President Exploration and a Qualified Person as defined by National Instrument 43-101. QA/QC program utilized is consistent with NI 43-101 and industry best practice standards. This news release was prepared by Mr. Ducharme.
NioGold Mining Corp. - << On Canada's Golden Highway >>
NioGold Mining Corp. is a mineral exploration and development company focused on gold. The Company's projects are located in the heart of Quebec's prolific Abitibi gold mining district. The Cadillac, Malartic and Val-d'Or mining camps in this district have produced over 45 million ounces of gold since the 1930's and presently encompass six producing gold mines, including the prolific Canadian Malartic mine located adjacent to NioGold's flagship Marban project. NioGold's land holdings within the Abitibi presently cover 125km2 and encompass seven former gold producers, notably the Norlartic, Kierens, Marban and Malartic Hygrade mines that collectively produced 630,000 ounces of gold.
NioGold's experienced and qualified technical team are overseeing the advancement of these projects, targeting expansion of the resource base and reserve definition of the Marban Block project.
NioGold invites you to visit the company website at www.niogold.com.
For information on
NioGold Mining Corp. contact:
Michael A. Iverson
miverson@niogold.com
Tel: (604) 856-9887
Dale Paruk
dparuk@niogold.com
Tel: (604) 510-4505
Louis Baribeau
lbaribeau@niogold.com
Tel: (514) 667-2304, Toll-free: (877) 642-6200
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FORWARD-LOOKING STATEMENTS
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Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Except as required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.
CAUTIONARY NOTE TO U.S. INVESTORS
The United States Securities and Exchange Commission (the "SEC") permits U.S. mining companies, in their filings with the SEC. to disclose only those mineral deposits that a company can economically and legally extract or produce. The Company may use certain terms in this news release, such as 'measured resources', 'indicated resources' and 'inferred resources'. which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. The news release may contain information about adjacent properties on which the Company has no right to explore or mine. U.S. investors are cautioned that mineral deposits on adjacent properties may not be indicative of mineral deposits on the Company's properties.
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