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NIOGOLD eine Erfolgsstory??? (Seite 90)


Alexandria, Niogold complete Siscoe East drill program

2009-07-29 11:24 ET - News Release


See News Release (C-AZX) Alexandria Minerals Corp

Mr. Eric Owens of Alexandria reports

ALEXANDRIA'S SISCOE EAST PROPERTY UPDATE

A five-hole drill program has been completed by Niogold Mining Corp. on Alexandria Minerals Corp.'s Siscoe East property in Val d'Or.

The Siscoe East property comprises 96 mining claims located on the northwest side of Val d'Or in Dubuisson township, in between and around the past-producing Sullivan and Siscoe gold mines. The Sullivan mine produced 1.2 million ounces of gold at an average grade of 7.7 grams per tonne gold, from four main parallel veins, which trend northwest onto Alexandria's property. The Siscoe mine, Val d'Or's first and highest-grade gold mine, produced 880,000 ounces of gold at 9.2 g/t Au (gold), from northeast-trending veins and from southeast-trending veins along a regional shear zone known as the K zone.

Niogold has an option to earn a 50-per-cent interest on the property, in exchange for payment to Alexandria of 650,000 shares of Niogold treasury stock and expending $750,000 on exploration by June 11, 2010. The five holes totalled 2,588 metres, and principal targets were the K zone and the northwest extension of the gold-quartz veins at the Sullivan mine. Assay results are expected over the coming weeks.

Quelle: www.stockwatch.com

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