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NioGold Mining Corporation became a public company in 2003 through a restructuring of a public shell. In 2004 several large and strategic gold properties in the Malartic-Val d'Or gold camp became available, and an acquisition rush was on. Mike Iverson (CEO) built a team of geologists with local knowledge of the Val d'Or-Malartic mining camps and acquired some key properties. Over a 3 year period the company acquired over 130 km2 (50 mi2), one of the largest land holdings in the area. The adjoining Cadillac-Malartic-Val-d'Or gold camps have produced 45M oz gold with more than 50 previous producing mines and 7 currently operating mines. NioGold's Malartic project holds NI 43-101 compliant Indicated resources of 600,000 ounces gold in addition to Inferred resources of 360,000 ounces gold. The gold resources are defined along a three-kilometre segment of a regional gold mineralized fault zone, in and around the former Marban, Norlartic and Kierens gold mines, which collectively produced 600,000 ounces gold. NioGold controls a 20 km (12.5 miles) segment of this prospective fault zone. The Company plans continued aggressive drilling on these land holdings to expand the current resources and for new discoveries. NioGold will also continue to drill on the Siscoe East property (8 km further to the east) where a high-grade discovery (1.9 m of 44 g/t Au) was made last summer. This property lies on-trend between two of the highest-grade past producers in the area; the Sullivan and Siscoe mines with total production of nearly 2M oz gold. NioGold has raised in excess of $15,000,000 in the past 5 years and the Company is proud of the fact that in excess of $12,000,000 has been directed to drilling and surface exploration of its properties. NioGold is focused on gold discovery in Quebec, with its most advanced property the Malartic Mine development near Val d'Or. Historical Background Niogold Mining Corporation (the "Company" or "Niogold") was incorporated pursuant to the Company Act (British Columbia) on March 30, 1988, under the name "Penn-Gold Resources Ltd." On April 7, 1998, the Company consolidated its common shares on the basis of thirteen old for one new common share, increased its authorized share capital to 100,000,000 common shares and changed its name to "Moreno Ventures Inc." On September 25, 2002, the Company consolidated its common shares on the basis of two and one-half old for one new common share, increased its authorized share capital to 100,000,000 common shares and changed its name to the present Niogold Mining Corp. The principal office of the Company is located at 24549 - 53rd Avenue, Langley, British Columbia, V2Z 1H6. The registered office of the Company is located at Suite 1600, 609 Granville Street, Vancouver, British Columbia, V7Y 1C3. |
