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Niogold Resumes Drilling In The Malartic Gold Camp

 
Val-d’Or, Quebec, September 3, 2009: NioGold Mining Corporation (TSX-V:NOX) (Frankfurt:NG1)
(“NioGold”) is pleased to announce that it has resumed drilling operations in the Malartic camp, Abitibi region, Quebec.  

An initial 27 exploration drill holes, for 5,000 metres, are planned to test several priority targets identified along a four-kilometre highly prospective segment of the Norbenite-Marbanite fault zone.  The area of interest is located immediately to the northwest and on trend with the Marban, Norlartic and Kierens gold deposits.   

Past drilling, geological mapping and mechanical stripping over the area has outlined several zones of gold mineralisation that include the H Zone, where intersections of up to 8.99 grams per tonne gold over 5.1 metres in hole MH-89-09 were obtained by past operators (News Release October 1, 2008).  NioGold hole MH-08-006, completed in late 2008, which tested the Norbenite-Marbanite fault between the Kierens deposit and the H Zone, intersected a 4.8-metre wide section of veining and sulphide mineralisation that averaged 4.52 grams per tonne gold over 3.6 metres (News Release March 3, 2009).

Concurrently, Mine Development Associates are advancing on the first resource estimate on the Marban deposit as well as upgraded resource estimates on the Norlartic and Kierens deposits reported in 2007 (News Releases June 28, 2007).  Since 2006, NioGold has completed over 45,000 metres of resource development drilling in and around the former Marban, Norlartic and Kierens mines that collectively produced over 590,000 ounces of gold.  All three deposit lie within a three kilometre segment of the Norbenite-Marbanite fault zone.

Pump Lake Project

An airborne gravity gradient geophysical survey covering the entire Pump Lake property was conducted in August by Bell Geospace Inc.  The survey was flown at 200-metre line spacing for a total of 1,100 line kilometres.  Bell Geospace uses state of the art technology to provide the highest resolution airborne gravity data available (Air-FTG®) and advanced data processing.  The main purpose of the gravity survey is to detect high density bedrock anomalies, more specifically magnetite and/or sulphide concentration.  Data interpretation is pending.

The Pump Lake project is located 50 kilometres north of the Mt-Laurier uranium district, Quebec.  Pump Lake is an early stage project that displays characteristics comparable to the iron oxide-copper-gold (IOCG) class of mineral deposits.  World-Class examples of IOCG’s are found at Olympic Dam and the Cloncurry district (Australia), Candelaria (Chili), Salobo (Brasil), and the Kiruna district (Sweden).  Prospecting on the project in the last two years has led to the discovery of several iron oxide (magnetite), copper, gold, uranium, niobium and rare earth element occurrences associated with an alkaline-carbonatite intrusive complex.

This news release was prepared by Rock Lefrançois, P.Geo. (OGQ), the Company’s President and Qualified Person as defined by National Instrument 43-101. 

NioGold Mining Corporation – « The Golden Highway Runs Through NioGold »

NioGold Mining Corporation is a junior exploration company primarily focused on GOLD.  The Company’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 Mining), 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
 

 

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

   
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