NioGold Discovers High-Grade Gold Zone at Marban With Intersections
NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) (”NioGold”) is pleased to report on the 2008 diamond drilling program on the Marban Block property located in the Malartic Gold Camp, Abitibi region, Quebec, where the Company has completed 61 holes for 20,900 metres (MB-08-32 to MB-08-92) in 2008 over the former Marban Mine sector. Results for holes MB-08-32 to MB-08-57 were previously released.
Assay results were received for 7 holes (MB-08-069 to MB-08-75) that targeted the near surface Wedge Zone (WZ) and the dip extensions of the Mine Zones (MZ). A high-grade gold mineralised structure was discovered within the hangingwall ultramafic units (HWUM) located above and to the north of the WZ. Best results include:
- MB-08-070: 6.91 g/t Au over 1.2 metre (HWUM)
- MB-08-071: 6.14 g/t Au over 2.4 metres (WZ)
- MB-08-072: 18.11 g/t Au over 3.7 metres (HWUM)
- MB-08-073: 31.68 g/t Au over 2.2 metres (HWUM)
- MB-08-074: 7.65 g/t Au over 4.6 metres included in 1.06 g/t Au over 73.4 metres (MZ)
- MB-08-075: 16.60 g/t Au over 1.2 metre (HWUM)
The Company is very excited with the results that once again prove the potential for the discovery of high-grade zones over the Marban Mine sector. Drilling since late 2006 has confirmed that the Marban gold mineralised system is much larger than previously known with the:
- Discovery of the near surface gold mineralisation within the WZ and HWUM;
- extension of the MZ up to 500 metres to the west (West Extension target);
- deep drilling that returned notable gold intersections up to depths of -700 metres;
- East extension of the system not yet investigated.
Results for holes MB-08-069 to MB-08-075 are tabled below. Results for holes MB-08-58 to MB-08-068, drilled over the West Extension target, are being compiled. Reported intervals are in core lengths but are inferred to be close to true width as the holes were drilled perpendicular to the general structural trend. Readers are invited to review the Marban drilling surface plan and schematic cross-section available at www.niogold.com/marban.
Related posts:
- Pele Mountain Hits High Grade with Visible Gold at A-Zone
Pele Mountain Resources Inc. (TSX VENTURE:GEM) (”Pele” or the “Company”) today announced assay results for the remaining 10 holes from... - Drilling in the South Mine Complex Continues to Return High-Grade Intersections; Drill Hole 53-1028 Returns 4.14 Ounces of Gold over 13.3 feet on New Zone Related to Lower D North
Kirkland Lake Gold Inc. (Company) is pleased to announce an update on exploration drilling testing in the South Mine Complex... - Alexandria Extends Near-Surface High Grade Gold Zone to the East at Akasaba, Val d’Or, Quebec
Alexandria Minerals Corporation reports today that it has intersected two separate high grade intervals, an upper zone assaying 36.4 g/t...
Comments
Leave a Reply
