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Overview |
Defining Gold Resource |
Uranium Prospect |
Executive Profiles
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Contact Information
NioGold Mining Corporation is a Canadian mineral exploration company
with a primary focus on Gold. The company trades on the TSX Venture Exchange,
symbol NOX. NioGold has consolidated a large 70 km² land package in the prolific Malartic
and Val-d’Or mining camps, located in the Abitibi region of Quebec. The
Abitibi is host to a number of current and former world-class gold producers
yielding more than 170M ounces of gold since the early 1900’s. The combined
historic production from the Malartic and Val-d’Or camps totals over 25M
ounces of gold and presently encompass several active advanced exploration
and mine development projects such as Canadian Malartic (Osisko), Kiena
(Wesdome), Midway (Northern Star Mining), Lapa/Goldex (Agnico-Eagle) and Lac Herbin
(Alexis Minerals).
Advanced-stage exploration in the Malartic & Val-d’Or Gold Camps
NioGold's
land holdings include former gold producers and undeveloped gold zones that
offer the opportunity to rapidly define mineral resources. The grounds also
cover large under-explored sectors located along known mineral trends deemed
highly prospective by NioGold for new gold discoveries. The Company is focusing
its efforts on the Marban Block property where historic
production amounted to 592,000 ounces of gold. The depth extension of the
gold system on the Marban Block represents “blue sky” potential as very limited
drilling has occurred below 500 m vertical depth. Gold mines in the Malartic and
Val-d’Or camps typically extend to depth of over 1,000 m.
Recent Developments: Following the compilation and validation of historic
mine and drill hole data and 10,000 m of drilling in 2006, the Company released
the first National Instrument 43-101 compliant resource estimates on the
Marban Block property. Independent consultants Mine Development Associates
estimated Indicated and Inferred resources of 342,000 ounces of gold adjacent to
the former Norlartic and Kierens mines. A resource estimate is presently in
progress on the North-North Zone located 400 m from the Norlartic mine.
NioGold
completed 13,000 m of drilling in 2007 mainly directed at investigating the
former Marban mine sector where two holes in 2006 returned impressive gold
intersections well above and below the Marban mine workings, including 10.8 g/t
Au over 4.0 m. All holes intersected mineralised zones typical of the Marban
mine gold ores that returned significant intervals including: 5.4 g/t Au over
4.0 m; 4.4 g/t Au over 7.0 m; 6.2 g/t Au over 3.0 m; 15.5 g/t Au over 1.8 m;
13.7 g/t Au over 1.0 m; 6.5 g/t Au over 3.0 m; 8.3 g/t Au over 1.5 m; 6.5 g/t Au
over 2.5 m; 6.1 g/t Au over 6.5 m; 13.1 g/t Au over 1.9 m; 5.1 g/t Au over 6.4
m. The results demonstrate strong potential to outline new gold resources near
surface and along the depth extent of the prospective geological units hosting
the Marban mine. An additional 10,000 m of drilling is presently on-going that
is focusing on the west strike extent of the Marban gold mineralized system
where limited drilling has occurred in the past. NioGold has budgeted for 25,000
m of drilling in 2008. The Company’s near term objective in the Malartic camp is
to outline resources of over 1M ounces of gold through well focused exploration
drilling.
Pump
Lake Copper-Gold-Uranium Project
The newly acquired 150 km² Pump Lake property, located 50 km north of the Mt
Laurier uranium district, Quebec, is an early stage exploration project that
displays characteristics comparable to 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). Several copper-gold-silver, iron oxide and uranium
occurrences associated to an alkaline intrusive complex are now recognised on
the property.
Recent developments: NioGold completed a first phase of exploration
that consisted of airborne and ground geophysical surveys, regional geochemical
survey, structural lineament study, and field investigation of priority targets.
The work resulted in the discovery of several new mineral occurrences over the
project area including two uranium prospects, named Roxane and Emma, and an
iron-bearing horizon. The Roxane and Emma uranium prospects lie along a newly
defined radioactive structural trend where significant values of up to 0.24%
U3O8 were obtained. At Roxane, radioactive units were traced over a distance of
2.3 km. Initial sampling of the iron oxide horizon exposed 1 km northeast of the
Roxane prospect returned values of up to 40% total iron.
Michael
A. Iverson, President and CEO
Michael Iverson has been President and Director of Triple K Ventures Ltd
from March 1975 to the present. He has also served as President and Director of
R.P.F. Custom Wood Fibre Ltd since 1985. In November 1997, Mr. Iverson joined
Sasha Ventures Ltd., a public company serving as President and Director. In
addition to these substantial positions, Mr Iverson has been Chairman, Director
and Chief Executive Officer of Fortuna Silver Mines from March 1998 to December
2004 remaining as a board member to the present. Mr. Iverson joined Niogold
Mining Corp as a Director in 1998.
Rock Lefrançois, Vice-President
Rock Lefrançois has over 20 years of experience in the search and valuation of
various types of precious and base metal deposits across the North and Central
American Cordilleras and the Abitibi Greenstone Belt. During his career he has
mainly served as senior geologist for Cambior and Aur Resources. His
wide-ranging knowledge of exploration methods applied to various styles of
mineral deposits and his ability to develop exploration concepts will be an
asset in advancing Niogold’s diversified portfolio of projects.
CORPORATE OFFICE
Niogold Mining Corporation
c/o Michael A. Iverson
24549 53rd Avenue, Langley
British Columbia, Canada
V2Z 1H6
Tel: (604) 856-9887
Fax: (604) 856-9479
Email:
miverson@niogold.com
EXPLORATION HEADQUARTERS
NioGold Mining Corporation
c/o Rock Lefrançois
847- 5th Avenue
Val-d’Or (Quebec)
J9P 1C1
Tel: (819) 825-7600
Fax: (819) 825-2774
Email:
rocklefrancois@niogold.com
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