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.

Free
Message: NR: Malartic returns values up to 31 grams per tonne Gold
Reply New Message
Prev Message Back To Forum Threaded View Next Message

NR: Malartic returns values up to 31 grams per tonne Gold

posted on Mar 18, 2010 04:33PM
NioGold Mining Latest News March 18 2010
Exploration Drilling at Malartic Returns Values Up to 31 Grams Per Tonne Gold

Press Release Source: NioGold Mining Corporation On Thursday March 18, 2010, 10:38 am EDT

VAL-D'OR, Quebec, March 18, 2010 (GLOBE NEWSWIRE) -- NioGold Mining Corporation (TSX-V:NOX - News) (Frankfurt:NG1 - News) (Other OTC:NOXGF - News) is pleased to provide updates on exploration drilling in the Malartic gold camp, Abitibi, Quebec.
The on-going program is intended to locate and investigate the main strands of the Norbenite-Marbanite deformation corridor on trend to the east and west of the known gold deposits. Three major shears zones are recognized in the southeast part of the Company's Malartic property. These structures are the main controls on gold mineralization as they host the current NI 43-101 compliant resources defined at the Marban and Norlartic-Kierens deposits (News Release: January 28, 2010) and the North Zone.
Summary of results of economic interest are provided:
  • Hole MB-10-101 returned an intersection of 31.2 g/t Au over 1.3 m and 5.2 g/t Au over 1.2 m at the Marban NE target, located one km northeast of the Marban deposit. The hole was drilled as a follow-up to holes MB-07-021 and MB-07-022, drilled in 2007, which returned intersections of 6.2 g/t Au over 1.2 m and 4.4 g/t Au over 1.1 m, and 4.1 g/t Au over 1.0 m and 20.7 g/t Au over 1.0 m, respectively. Gold values of economic interest at Marban NE are found in sheared or fractured mafic volcanics close to altered and mineralized porphyry intrusions. The occurrence is interpreted to represent the east extension of the North shear where limited past drilling was conducted outside the North Zone.
  • Hole MB-10-098 tested the extension of the Marbanite shear zone, 450 meters to the east of NioGold's previous drilling on the Marban deposit. The hole returned a best intersection of 23.2 g/t Au over 1.2 m, opening up the potential to the east to increase the Marban resources.
  • Drilling identified three important shear zones containing sections of sulphide mineralization to the northwest and on trend with the Norlartic-Kierens deposits and the North and North-North Zones. Best results include: 12.4 g/t Au over 1.8 m (MH-09-014), 5.5 g/t Au over 1.0 m (MH-09-016) and 6.9 g/t Au over 1.1 m (MH-09-018).
"Our initial exploration targeting was markedly accurate in tracing the main strands of the Norbenite-Marbanite away from the known gold deposits despite local structural complexities. These structures remain strong to the east and west and generally enclose zones of alteration, vein stockwork, sulphide mineralization, and locally intruded by swarms of porphyry intrusions, characteristic of productive segments along the major deformation corridors in the district. Results to date returned thick sections of anomalous gold mineralization and some higher grade intersections of economic interest," comments Rock Lefrancois, NioGold President & COO. "We have budgeted for 20,000 meters of drilling for 2010 as a first pass exploration program along this prospective deformation zone."

Technical Info, QA/QC and Qualified Persons

Reported intervals are in core lengths but are inferred to be close to true width (except where structural complexities occurred) as the holes were drilled near perpendicular to the principal local structural orientation.

Diamond drill holes were drilled with NQ-size core in order to obtain larger sample volumes of the mineralized zones. The core was sealed and delivered by the drilling contractor to NioGold's facilities located at the Norlartic mine site. The core was photographed for reference, logged and mineralized sections were sawed in half. Sample lengths vary between 0.5 to 1.5 meters. Half core samples were bagged, sealed and delivered to ALS Chemex in Val-d'Or, Quebec, 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 ensure 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 are sent to Bourlamaque Assay Laboratories Ltd. in Val-d'Or for check assaying.

The drilling programs are being conducted under the supervision of Yan Ducharme, M.Sc., P.Geo. (OGQ), also a Qualified Person as defined by National Instrument 43-101.
NioGold Mining Corporation - On Canada's Golden Highway
1 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply