NioGold Mining Corporation
COMPANY DATA | INTRODUCTION
| PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE
| Address: | 24549 - 53rd Avenue Langley, B.C. Canada V2Z 1H6 |
| Tel No.: | (604) 856-9887 |
| Fax No.: | (604) 856-9479 |
| Web Site: | www.niogold.com |
| Corporate Email: | maiverson@telus.net |
| Contact Person: | Michael Iverson |
| Position: | President & CEO |
| Traded Market: | TSX-V | Frankfurt |
| Traded Symbol: | NOX | NG1 |
| Outstanding Shares: | 61,000,000 | |
| 52 Week High: | $ 0.60 | |
| 52 Week Low: | $ 0.165 | |
| Present Price: | Click Here | |
INTRODUCTION
NioGold Mining Corporation is a junior exploration company primarily focused on GOLD. The Company has consolidated a large 68 sq.km land package in the prolific Malartic and Val-d'Or Gold Camps in Quebec, Canada, with a historic production of over 25 million ounces of gold. NioGold's experienced and qualified technical team will ensure the successful advancement of the Company's projects towards the highest quality mineral resources.
PROJECT IN HAND
(1) Malartic and Val-d'Or Gold Camps Project, Quebec
NioGold has consolidated a large 68 sq.km land package in the prolific Malartic and Val-d'Or Gold Camps, located in the Abitibi region of Quebec, Canada. The Abitibi is host to a number of current and former world-class gold producers yielding more than 170 million ounces of gold since the early 1900's. The combined historic production from the Malartic and Val-d'Or Gold Camps total over 25 million ounces of gold. The camps presently encompass several active advanced exploration and mine development projects such as Canadian Malartic (Osisko Exploration), Kiena (Wesdome Gold Mines), Midway (Northern Star Mining), Goldex (Agnico-Eagle) and Lac Herbin (Alexis Minerals).
The recent acquisition firmly established NioGold as a major player in the area. The 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.
Marban Block Property, Malartic Gold Camp
Gold mineralization is extensive over the Marban Block property, located in the Malartic Gold Camp, as it encompasses 6 distinct gold zones, namely the past producing Norlartic, Kierens and Marban mines and the North-North, North and Gold Hawk zones. Historic production on the property 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 drill hole data and 10,000 metres of drilling in 2006, the Company released the first National Instrument 43-101 compliant resource on the Marban Block property. Independent consultants Mine Development Associates estimated indicated and inferred resources totalling 342,000 ounces of gold adjacent to the former Norlartic and Kierens mines. The 2007 drilling program is to expand these resources laterally and at depth.
The initial phase of the 40,000-metre 2007 drilling program is investigating the former Marban mine sector. Two holes drilled in late 2006 returned impressive gold intersections well above and below the Marban mine workings, including 10.8 g/t Au over 4.0 m. The 2006 drill holes indicated a high potential to discover new orebodies within the prospective units hosting the Marban mine.
To date, NioGold has completed 20 holes for 9,120 metres (MB-06-001 to MB-07-020) on the Marban mine target area. The first 18 holes intersected mineralized zones typical of the Marban mine ores and assay results received from the first 10 holes returned some significant intervals including: 5.3 g/t Au over 4.0 m; 8.5 g/t over 2.8 m; 6.2 g/t Au over 3.0 m; 7.6 g/t Au over 3.8 m; 5.6 g/t Au over 3.0 m; 22.8 g/t Au over 0.5 m. Assay results received from hole MB-07-015 to MB-07-018 returned more strong results with best intervals of 6.51 g/t Au over 2.5 m in hole MB-07-017 and 6.08 g/t Au over 6.5 m in hole MB-07-018. Assay results for holes MB-07-019 and MB-07-020 are pending.
The Company's objective in the Malartic Gold Camp is to outline resources of over one million ounces of gold through well-focused exploration drilling..
(2) Pump Lake Copper-Gold-Uranium Project, Quebec
The newly acquired 150 sq.km Pump Lake property, located 50 km north of the Mt-Laurier uranium district, Quebec, is an early stage exploration project that displays comparable characteristics to iron oxide-copper-gold (IOCG) class of mineral deposits. These include the association of iron oxides, copper, gold and uranium and the proximity to intrusive rocks. World-class examples of IOCG's are found at Olympic Dam and the Cloncurry district (Australia), Candelaria (Chili), Salobo (Brazil), and the Kiruna district (Sweden).
Recent prospecting by Resources Maxima resulted in the discovery of several copper-gold-silver, magnetite and uranium occurrences within or on the margins of an intrusive complex. Values of up to 4.27% Cu, 5.10 g/t Au and 11.5 g/t Ag and 0.14% U3O8 were obtained.
Recent Developments:
In July 2007, NioGold conducted a first phase of prospecting to investigate priority targets outlined by the airborne geophysical and geochemical surveys and structural lineament study completed during the spring of 2007. As a result, two uranium occurrences, named the Roxane and the Emma showings, were discovered along a newly defined radioactive structural trend. Significant values of 0.20% U3O8 were obtained from outcrop samples at the Roxane showing and 0.24% U3O8 at the Emma showing.
MANAGEMENT
NioGold Mining Corporation has a well management team with experience in different areas.
Management & Directors
Michael A. Iverson, President & CEO, Director
Mr. 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 present.
Rock Lefrancois, P.Geo., Vice-President & Director
Mr. Lefrancois 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.
Bertrand Brassard, P.Geo., B.Sc., M.Sc., Exploration Manager
Mr. Brassard has over 20 years of experience managing grass root to advanced stage exploration projects in Quebec and was most recently employed as Senior Exploration Geologist for Canadian Royalties where he was responsible for the Raglan South Nickel Project. Mr. Brassard brings additional strength to NioGold's technical team and his experience and contacts within the mining industry in Quebec will be an asset to advancing NioGold's growing portfolio of exploration projects.
Jean Lafleur, P.Geo., B.Sc., M.Sc., Chairman & Director
Mr. Lafleur is a Professional Geologist with 25 years of experience in various capacities as a geologist, exploration manager and vice-president exploration within the mineral exploration field, nationally and internationally, and government geological surveys. During his career he has worked for Newmont Canada, Falconbridge Gold, Placer Dome, and McWatters Mining. With Placer dome and McWatters, he was instrumental in the discovery of new ore reserves in the Malartic and Val-d'Or Mining Camps. For the past two years, he has been a Mineral Exploration Consultant (President of PJLEXPL Mineral Exploration Inc.) leading teams in the search for gold, platinum-palladium, nickel and uranium, with Crowflight Minerals, Beartooth Platinum, Typhoon Exploration, American Bonanza Gold Corporation and Orex Exploration.
Arden (Buck) Morrow, B.Sc., Technical Advisor, Corporate Development & Director
Mr. Morrow is a graduate Mining Engineer from the Mackay School of Mines at the University of Nevada, Reno. He has over 30 years' experience in mineral exploration, mine development, and mine operations, in North America, South America, Asia, and Europe. From 1980 to 2001, he was the President of Western States Minerals Corporation which, under his direction, discovered and brought into production some of Nevada's most significant gold deposits including Barrick's Goldstrike mine. Since 2001, Mr. Morrow has worked as a consultant in gold exploration, mine development, and mine financing.
Michele N. Marrandino, Director
Mr. Marrandino brings 20 years experience in fund raising and management consulting to NioGold's Board of Directors. His diverse knowledge, experience and contacts in the oil & gas, mining and hi-tech private and public sectors of these industries have assisted many companies in reaching their potential and desired mandates.
Jacques Brunelle, Investor Relations & Director
Mr. Brunelle has worked for several major mining exploration companies as well as owned and operated a mining consulting firm for a period spanning over 20 years. He has also been president of Nomans Resources in 2001-2002 and has actively participated in the development of junior and major mining companies throughout his career. His management skills and entrepreneurial spirit are an asset to the Company.
NEWS UPDATE
On November 6, 2007, NioGold Mining Corporation reported on results of the 2007 drilling program on the Marban Block property, located in the Malartic Gold Camp, Quebec. Assay results received from hole MB-07-015 to MB-07-018 returned more strong results with best intervals of 6.51 g/t Au over 2.5 m in hole MB-07-017 and 6.08 g/t Au over 6.5 m in hole MB-07-018.
NioGold has completed 20 holes for 9,120 metres (MB-06-001 to MB-07-020) on the Marban mine target area. Assay results for hole MB-07-019 and MB-07-020 are pending