Val d’Or, Quebec – NioGold Mining Corporation (TSX-V: NOX) (OTCQX:
NOXGF) (“NioGold”) is pleased to announce that it has commenced a drilling program of 1,400
metres on the H zone of the fully owned property formerly known as the Malartic H property;
now consolidated as part of NioGold’s Malartic Block property. (news May 13, 2014)
The gold bearing H zone area has an extent of about one kilometer and is open on strike as well
as at depth. It is located in the hinge of the synclinal of a Z-shaped regional fold illustrated by
the contact between the Jacola and Heva formations. This zone is also affected by the
Norbenite shear zone which hosts the Kierens and Norlartic deposits, 2-3 kilometers to the
southeast on the Marban Block property also 100% owned by NioGold. The gold bearing
mineralization consists of sheared basalts with disseminated pyrite intruded by altered felsic
dykes that are also mineralized with pyrite.
“With our drilling campaign in 2009-2010, we were able to interpret the zone as undulating and
changing orientations,” said Yan Ducharme, Vice-President Exploration of NioGold. He added,
“We are excited to test our geological model. This H zone is near surface, contains at least two
parallel zones, has decent widths and grades and is in an isolated area that is easily accessible
with a nearby road. Our goal is to confirm the geological continuity of the zones and then start
building ounces. The H zone area is near our Marban Block project where we have three
deposits and hopefully this could become a fourth.”
The Marban Block has three deposits (Marban, Kierens and Norlartic) which collectively host
estimated measured and indicated resources of 1,531,000 ounces gold (32,127,000 tonnes
grading 1.48 g/t gold) plus inferred resources of 599,000 ounces gold (16,478,000 tonnes
grading 1.13 g/t gold).
ON CANADA’S GOLDEN HIGHWAY
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.