NioGold completed a major drill programme on its Abitibi gold belt properties
NioGold drilled 67 holes on its promising properties in the Malartic gold
camp in the Abitibi gold belt of northwestern Quebec during 2008. The work
included 61 holes drilled into the Marban mine sector, following the receipt of
encouraging assays from core samples obtained during the 2007 drilling. As
a result of its aggressive drilling programmes, NioGold has now completed
its earn-in on the Marban Block properties and the company now holds
a 100‑percent interest in the project.
The Marban Block continues to yield encouraging gold assays
NioGold has received a steady stream of assays from its 2008 programme and
many of the tests produced promising gold values over significant intervals.
Among the results from holes targeting the west extension of the Marban
wedge and mine zones, one test yielded 78.90 grams of gold per tonne over
3.0 metres. Several of the 2008 tests produced gold values ranging from six to
twelve grams of gold per tonne over intervals typically ranging between one
and two metres, but occasionally over wider intervals, or with occasionally
higher grades. Other holes encountered deeper intervals with grades between
one gram and three grams of gold per tonne over much longer intervals.
NioGold is conducting a new interpretation of its available Marban data
The company is currently conducting a comprehensive assessment of the drill
and assay data from the Marban Block. This work is expected to lead to a
mineral resource estimate for both the higher-grade gold mineralisation and the
lower-grade bulk tonnage that has been blocked out to date.
