NioGold - Abitibi Express Article

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NioGold - Abitibi Express Article

  1. 1. English  Translation  of  Patrick  Rodrigue’s  Abitibi  Express  Article  Published  09/16/12  An  additional  one  million  ounces  of  gold  could  eventually  be  extracted  from  the   Malartic  Marban  property,  in  the  Malartic  mining  camp.  Subjects:  the  development  of  Aurizon  Mines  and  NioGold  Mining  Corporation  A  recent  update  of  the  mineral  resources  of  the  Marban  project,  just  published  by  Aurizon  Mines,  earning  its  option  from  which  works  in  partnership  with  the  NioGold  Mining  Corporation  to  promote  its  value  reveals  that  :  adjacent  and  surrounding  the  previously  producing  Marban  Mine  ancient  mine  of  the  same  name,  the  Marban  Block  Property  contains  three  deposits,  namely:  Marban,  Norlatic  and  KieriensKierens.  The  Marban  BlockIt  covers  an  area  of  976  hectares.  Open  pit  The  previous  estimate  of  the  Marban  deposit  (as  part  of  the  Marban  Block)which  dates  back  to  December  2009,  established  the  measured  and  indicated  resources  content  at  181,000  ounces  of  gold  as  well  as  a  presumed  amount    inferred  resources  of  114,000  ounces  of  gold  from  a  potential  underground  operation.  That  gold  was  located  it  its  entirety  in  the  underground  portion  of  the  project.  The  September  2012  update  increases  the  resources  and  indicates  the  majority  of  the  Marban  deposit  is  economic  as  an  open-­‐pit,  with  a  reduction  of  the  ounces  in  the  underground  portion  of  the  deposit  to  effected  a  reduction  of  the  potential  for  the  Marban  underground    to  89,000  ounces  of  gold  measured  and  indicated  as  well    as  a  presumed  amount  of    inferred  resources  of  69,000  ounces  of  gold.  However,  the  137  holes  drilled  by  Aurizon,  during  the  first  of  three  phases  that  took  place  between  August  30,  2010  and  August  9,  2011,  have  added  allowed  the  addition  of  measured  and  indicated  amount  of  1  053  000  ounces  gold  as  well  as  a  presumed  an  inferred  amount  of  194,000  ounces  of  gold  in  a  new  open  pit  air  section  resource.  In  combining  these  estimates  with  those  of  the  Norlartic  and  Kierens  deposits,  whichthat  have  not  yet  been  updated  from  the  2009  report  published,  the  Marban  Block  property  contains  would  potentially  be  valued  at  1  559  000  ounces  of  measured  and  indicated  gold  and  could  harbour  a  presumed  510,000  ounces  of  inferred  gold.  Potential  for  development  The  preliminary  metallurgical  tests  performed  for  the  Marban  deposit  indicated  a  recovery  rate  of  gold  in  the  order  of  95,4  to  97,6  percent.  "Combined  with  the  estimates  that  permitted  to  establish  the  continuity  of  the  mineralized  zone  in  the  initial  depth  of  250  meters,  these  results  favorably  position  the  deposit  for  a  potential  development,"  as  communicated  by  the  Aurizon  
  2. 2. CEO,  George  Paspalas.  Should  Aurizon  and  NioGold  decide  to  go  forward,  the  open  air  pit  could  make  its  presence  at  Marban  with  an  area  of  1400  meters  in  length  by  a  width  of  850  meters  with  a  depth  of  350  meters.  Any  other  deposits  would  likely  be  mined  subterraneously.    Link  to  original  article:  http://bit.ly/UhzUTA                

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