Niogold Mining Corp

Published : September 09th, 2014

NioGold Releases Exploration Results From the Malartic Block and Marban Block Properties, Drilling to Resume

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NioGold Releases Exploration Results From the Malartic Block and Marban Block Properties, Drilling to Resume

Val d'Or, Quebec / ACCESSWIRE / September 9, 2014 / NioGold Mining Corporation (NOX.V) (NOXGF) ("NioGold") is pleased to provide the results of the first phase of its 2014 exploration program totaling 5,493 metres of drilling in 28 holes and 2,229 metres of re-sampling in 48 historical holes in the Company's Malartic Gold Camp properties in the Abitibi Gold District of Quebec.

The work was completed on three properties including: drilling on the now 100% owned Malartic H property (H zone); drilling on the Malartic Block property at the Audet zone; and on the Marban Block property with re-sampling at the Gold Hawk zone and exploration drilling south of the Norlartic deposit.

Selected results from the H zone on the Malartic H property include a high grade intercept of 24.79 g/t Au over 1.2 m (MH-14-083) and some lower grade intervals such as 1.02 g/t Au over 23.2 m (MH-14-084) and 0.94 g/t Au over 15.3 m (MH-14-086). This program consisted of nine (9) holes totaling 1,387 metres.

On the Malartic Block, 2,738 metres were drilled in thirteen (13) holes in the Audet zone area. Three fences of holes confirmed the existence of 2 additional kilometer-long auriferous trends (the first one being the Ludovick trend discovered in 2011) over a strike length of 1.3 kilometres and 150 to 250 metres apart. The magnetic map indicates that those trends could be extended to over a few kilometres long within our property boundaries. Drilling beside the Audet zone out-cropping indicates that the zone extends laterally with potential for a wide, lower grade envelop with intercepts such as 0.96 g/t Au over 18.0 m (CW-14-098).

The re-sampling of historic core from the Gold Hawk zone provided important information and filled gaps in the mineralized intersections. Numerous sampled gaps proved to be auriferous with values ranging from 0.11 g/t up to 4.94 g/t gold. Table 1 contains the best results which are all part of wider, lower grade intersections.

Table 1: New intervals in historical holes

Hole

From (m)

To (m)

Length (m)

Grade (g/t Au)

1950-4

108.8

110.3

1.5

9.96

1950-61

244.1

245.6

1.5

9.42

GU-7-101

40.5

53.0

12.5

1.83

1: The interval contains one historic sample of 0.14 g/t Au over 0.9 m.

On the Marban Block, six (6) holes were drilled for a total of 1,368 metres exploring to the south of the Norlartic deposit. Results show that in this area, the granodioritic intrusion separating the Norlartic and Marban trends is about 300 metres wide and contains several anomalous values.

Hole

Easting (m)

Northing (m)

Azimuth

Dip

Hole Length (m)

From (m)

To (m)

Length (m)

Grade (g/t Au)

Zone

Audet area

Holes drilled according to the UTM Nad 83 zone 17 system

CW-14-094

715450

5340976

229?

-45?

200

97.6

101.0

3.4

1.43

Audet

CW-14-095

715522

5341055

225?

-45?

249

207.8

208.5

0.7

3.74

Audet

CW-14-096

715591

5341131

226?

-45?

158

No value above 86 ppb

CW-14-097

715663

5341205

225?

-45?

206

48.8

72.2

23.4

0.41

Celta

incl

66.2

72.2

6.0

0.89

86.1

87.9

1.8

1.56

CW-14-098

715135

5341120

226?

-70?

180

51.8

69.8

18.0

0.96

Audet

CW-14-099

715119

5341146

227?

-45?

129

30.1

56.2

26.1

0.33

Audet

CW-14-100

715049

5341211

228?

-45?

104

11.2

26.1

14.9

0.70

Audet

incl

11.2

16.3

5.1

1.49

Audet

CW-14-101

714856

5341480

211?

-45?

200

104.7

110.9

6.2

0.26

Audet

CW-14-102

714925

5341607

209?

-45?

296

109.3

113.9

4.6

0.55

Celta

CW-14-103

714985

5341729

210?

-45?

281

255.5

256.8

1.3

0.81

Celta

CW-14-104

714460

5341677

202?

-45?

251

157.0

161.9

4.9

0.16

Audet

CW-14-105

714500

5341808

199?

-45?

209

53.8

55.1

1.3

0.11

Celta

CW-14-106

714544

5341939

203?

-45?

275

180.7

181.9

1.2

0.72

Celta

H zone

Holes drilled according to the UTM Nad 83 zone 17 system

MH-14-082

721221

5339551

285?

-45?

137

37.2

39.3

2.1

1.23

H

MH-14-083

721381

5339544

226?

-52?

233

187.6

188.8

1.2

24.79

H

MH-14-084

721312

5339596

232?

-45?

200

26.2

27.4

1.2

4.93

Hb

78.6

82.3

3.7

1.34

Ha

135.5

158.7

23.2

1.02

H

incl

135.5

148.9

13.4

1.43

MH-14-085

721169

5339751

282?

-45?

101

37.5

41.1

3.6

0.13

MH-14-086

721267

5339758

281?

-45?

152

101.0

116.3

15.3

0.94

Hb

MH-14-087

721278

5339805

285?

-45?

128

115.6

116.8

1.2

0.72

MH-14-088

721166

5339864

255?

-45?

161

9.7

22.1

12.4

0.42

Hb

55.9

60.4

4.5

0.54

123.2

130.6

7.4

1.08

Ha

147.9

159.5

11.6

0.66

MH-14-089

721141

5339916

255?

-45?

152

32.5

36.3

3.8

1.03

H

MH-14-090

721076

5340062

248?

-45?

120

No value above 81 ppb

Marban Block holes drilled according to the Norlartic Grid

NL-14-082

150

-650

211?

-45?

251

115.1

116.0

0.9

2.97

NL-14-083

150

-452

211?

-45?

203

No value above 67 ppb

NL-14-084

152

-353

211?

-45?

281

114.0

116.0

2.0

2.50

NL-14-085

151

-252

210?

-45?

233

153.0

154.2

1.2

1.91

212.2

212.8

0.6

1.30

NL-14-086

151

-152

211?

-45?

200

55.0

57.1

2.1

0.99

118.0

120.3

2.3

1.10

NL-14-087

154

-49

211?

-45?

200

55.2

56.4

1.2

1.05

A geological review of these results has been completed and a new exploration program has been prepared. Drilling will resume shortly with one drill and a second drill to follow in due course.

Technical Info, QA/QC and Qualified Persons

Reported intervals are in core lengths and are anticipated to be perpendicular to the direction of the zone (except where complexities occurs), for the holes drilled on the Marban Block and the H zone and for the Audet area, true width is probably around 70% of the intersected length.

Diamond drill holes were drilled with NQ-size core in order to obtain larger sample volumes of the mineralised zones, except for holes that traversed underground workings which were completed using BQ-size core. The core was sealed delivered by the drilling contractor to NioGold's facilities located at the Norlartic mine site. The core was photographed 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 2 g/t Au by the fire-assay method using a gravimetric finish. As well, pulps grading above 0.5 g/t Au or mineralized intervals are sent to Bourlamaque Assay Laboratories Ltd. in Val-d'Or for check assaying.

The exploration program is being conducted 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. This news release was prepared by Mr. Ducharme.

NioGold Mining Corporation - >

NioGold Mining Corporation 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. The Cadillac, Malartic and Val-d'Or mining camps have produced over 45 million ounces of gold since the 1930's and presently encompasses six producing gold mines including Osisko Mining's new Canadian Malartic operations. NioGold's land holdings within the Abitibi presently cover 130km2 and encompass four former gold producers, namely the Norlartic, Kierens (First Canadian), Marban and Malartic Hygrade mines that collectively produced 640,000 ounces of gold.

NioGold's experienced and qualified technical team are overseeing the advancement of these projects, targeting expansion of the resource base.

NioGold invites you to visit the company website at www.niogold.com.

For information on NioGold Mining Corporation contact:

Michael A. Iverson Dale Paruk

President & CEO Vice-President Corporate Development

miverson@niogold.com dparuk@niogold.com

Tel: (604) 856-9887 Tel: (604) 662-4505

Toll-free: (877) 642-6200

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

FORWARD-LOOKING STATEMENTS

This news release includes "forward looking statements", as that term is defined in Section 27A of the Unites States Securities Act of 1933, as amended, and Section 21E of the United States Exchange Act of 1934, as amended, that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.

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. We 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 we have 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 our properties.

SOURCE: NioGold Mining Corporation

Read the rest of the article at finance.yahoo.com

Niogold Mining Corp

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CODE : NOX.V
ISIN : CA6544851018
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Niogold is a gold exploration company based in Canada.

Niogold holds various exploration projects in Canada.

Its main exploration properties are MALARTIC BLOCK, CAMFLO WEST, KIERENS, LE TAC, MARBAN MINE, BLONDEAU-GUILLET, BOYVINET and PUMP LAKE in Canada.

Niogold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 56.3 millions as of today (US$ 42.5 millions, € 38.0 millions).

Its stock quote reached its highest recent level on December 29, 2003 at CA$ 0.74, and its lowest recent point on December 19, 2008 at CA$ 0.04.

Niogold has 130 820 008 shares outstanding.

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7/6/2009 Appoints new VP, Grants stock options
Project news of Niogold Mining Corp
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7/6/2010(Marban Mine)And Aurizon Form Partnership To Develop The Marban Block Pro...
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9/3/2008(Marban Mine)DRILLING AT MARBAN DELINEATES NEAR-SURFACE WEDGE ZONE
5/13/2008(Marban Mine)WEST EXTENSION TARGET AT MARBAN RETURNS 9.45 G/T GOLD
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Corporate news of Niogold Mining Corp
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10/27/2015NioGold cuts 3.54 g/t Au over 15.2 metres at Marban
9/10/2015NioGold intersects 4.47 g/t Au over 22.0 m at Marban
8/5/2015NioGold Intersects 1.57 g/t Au Over 31.5 m At Marban
7/6/2015NioGold Reports Preliminary Leach Test Results at Marban
3/25/2015NioGold Drills 15.8 metres at 4.95 g/t Au at Marban
3/25/2015NioGold - Management Appointments
3/23/2015NioGold - Management Appointments
3/23/2015NioGold - Nominations a la direction
2/26/2015NioGold Recoupe 15.8 metres a 4.95 g/t Au a Marban
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1/16/2015NioGold Intersects 68.73 g/t Gold Over 4.1 m on the Marban D...
11/5/2014NioGold Launches 40,000 Meter Definition Drill Program At Ma...
11/5/2014NioGold Launches 40,000 Meter Definition Drill Program At Ma...
9/18/2014NioGold Appoints Robert Wares as President and CEO
9/9/2014NioGold Releases Exploration Results From the Malartic Block...
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7/25/2014IIROC Trading Resumption - NOX
7/25/2014NioGold Mining Announces $4.9 Million Financing with Osisko ...
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1/6/2014(NOX:TSX-V) NioGold Mining Shareholder Update
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2/20/2009Joins the “AGORACOM 100” and Launches Online IR and Marketin...
10/1/2008OPTIONS STRATEGIC PROPERTY IN THE MALARTIC GOLD CAMP
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8/12/2008MARBAN WEST EXTENSION DRILLING RETURNS UP TO 78.90 G/T GOLD ...
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12/20/2007Investor Update
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9/11/2007FINDS URANIUM ON PUMP LAKE
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5/8/2007STARTS FIELD EXPLORATION ON PUMP LAKE COPPER-GOLD-URANIUM PR...
4/26/2007INITIATES SIZEABLE DRILL PROGRAM IN THE MALARTIC GOLD CAMP
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