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NioGold Mining Corporation (TSX-V: NOX) is pleased to report on the on-going exploration drilling program within the southern portion of company’s wholly-owned Malartic Block property, located in the Malartic gold camp, Abitibi region of Quebec.
The first three holes of the program intersected two important altered, veined and sulphide mineralised shear zones cutting sedimentary rocks:
The Malartic Block property covers a potential 4- to 5-kilometre unexplored strike extent of these newly revealed mineralised structures based on their interpreted WNW-ESE orientation.
Malartic Block exploration drilling program
The southern portion of the company’s large Malartic Block property is located 20 kilometres west of the town of Val-d’Or and directly adjacent to Osisko Mining Corp.’s Canadian Malartic mine development project.
An initial 6,000-metre exploration drilling program is in progress to investigate sedimentary formations on the north side of the famous Cadillac fault in proximity to the Canadian Malartic and Barnat deposits and Jeffrey Zone being developed by Osisko. Despite the obvious potential within the southern portion of the Malartic Block property, no sustained exploration programs have been conducted over the area in the past, in part due to the lack of rock exposure. NioGold ranks this sector as a high priority target for a new discovery. The drilling is investigating a combination of magnetic, electro-magnetic and induced polarisation geophysical anomalies and gold in-soil anomalies.
To read the full press release click here
