NIOGOLD ACQUIRES 4
CLAIMS IN VAL-D'OR
August 21, 2009: NioGold Mining Corporation
(TSX-V:NOX) (Frankfurt:NG1) (�NioGold�) is
pleased to announce that it has signed an agreement to acquire a 100% interest
in four (4) mining claims, located in the Val-d'Or area of Quebec. Consideration
for the claims consists of $30,000 cash, 240,000 common shares and a 2% net
smelter returns royalty.
The acquisition of the Val-d'Or claims is subject to TSXV approval. Upon
issuance, the shares will be subject to a four month hold period.
The claims are adjacent to the former Sullivan Mine complex and the Siscoe East property. The Sullivan Mine produced 1.1M
ounces of gold at an average grade of 7.65 g/t gold (1934-68) from four (4)
main shear veins that strike onto the Siscoe East
property.
NioGold recently completed five (5) diamond drill
holes, for 2,507 metres, on the Siscoe East property
under an option to acquire a 50% interest in the property from Alexandria
Minerals Corp. (News Release dated August 6, 2009). Two holes drilled to
the west and on strike with the Sullivan Mine vein system intersected several
important mineralised quartz veins, vein stockworks and fracture-controlled
alteration zones. The veins and associated alteration zones returned
anomalous to high-grade gold values with a best interval of 43.67 g/t Au over
1.9 metres in hole SE 09 04, which contained coarse visible gold.
NioGold Mining Corporation � � The Golden Highway Runs Through NioGold
�
NioGold Mining Corporation is a junior exploration company primarily focused on
GOLD. The Company&! rsquo;s flagship
projects are located in the Malartic and Val-d�Or gold mining camps, Abitibi
region of Quebec. The camps have produced over 27 million ounces of gold
and presently encompass several active advanced exploration and mine development
projects such as Canadian Malartic (Osisko Exploration), Goldex (Agnico-Eagle),
Kiena (Wesdome), Lac Herbin (Alexis Minerals) and Midway (Northern Star
Mining). The Malartic camp land holdings encompasses three former gold
producers, namely the Norlartic, Kierens (First Canadian), and Marban mines
that collectively produced over 590,000 ounces of gold.
NioGold�s experienced and qualified technical team will ensure the successful
advancement of the Company�s projects towards the highest quality mineral
resources. NioGold invites you to visit the company website at
www.niogold.com.
For
information on NioGold Mining Corporation contact:
Michael A. Iverson, Chairman & CEO
miverson@niogold.com
Tel: (604) 856-9887
Dale Paruk, Vice-President
dparuk@niogold.com
Tel: (604) 662-4505
First Canadian Capital Corp.
Leo Karabelas
lkarabelas@firstcanadiancapital.com
Tel: (416) 742-5600 x235