Mar. 30, 2010 (TheNewswire.ca) --
Vancouver, BC - March 30, 2010 - NioGold Mining Corporation (TSXV:NOX) (TSX-V: NOX, Frankfurt: NG1, OTC: NOXGF) is very pleased to announce the appointment of Simon Ridgeway to the Company's newly created advisory board.
Mr. Ridgeway is an accomplished mine developer with over 30 years of experience in the mining industry. He is a co-founder of the Gold Group, a stable of mining and exploration companies with its head office in Vancouver, Canada and presently holds the positions of President of Radius Gold Inc. (OTCBB:RDUFF) (TSXV:RDU) and Chairman of both Fortuna Silver Mines Inc. (TSX:FVI) and Focus Ventures Ltd. (TSXV:FCV)
During the 1990s, Mr. Ridgeway and his team successfully discovered and sold two gold deposits in Honduras and Guatemala, both of which were subsequently put into production by Glamis Gold, now Goldcorp. (TSX:G''G) (NYSE:GG) (TSX:G)
Over the last ten years, his list of successes has grown and the companies now under his management offer investors a range of opportunities from grass roots exploration (Radius Gold), through advanced stage definition drilling (Focus Ventures) to production and cash flow (Fortuna Silver Mines) in a wide range of commodities. Since 2003, his group has raised over CAD $300 million on the European and North American capital markets. Most recently, Fortuna Silver Mines closed a $35 million bought deal financing to fund the development of a new silver mine in Oaxaca, Mexico.
Mr. Michael Iverson, Chairman and CEO of NioGold, commented: "We are extremely pleased to welcome Mr. Ridgeway to our advisory board. Mr. Ridgeway will provide NioGold's management with advice in strategic and corporate business development. His expertise will be of great assistance as the Company advances its flagship Malartic gold project in Quebec".
Mining Corporation - « On Canada's Golden Highway »
NioGold Mining Corporation is a mineral exploration company focused on GOLD. The Company's flagship projects are located in the Cadillac - Malartic - Val-d'Or stretch of the prolific Abitibi gold mining district, Quebec. The Cadillac - Malartic - Val-d'Or area has produced over 45M ounces of gold since the 1930's and presently encompasses eight producing gold mines and a major mine development project (Canadian Malartic, Osisko Mining (OOTC:OSKFF) (TSX:OSK) ). NioGold's land holdings within the Abitibi presently cover 115 km2 and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold. NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.
NioGold's experienced and qualified technical team will ensure the successful advancement of the Company's projects towards the highest quality mineral resources. NioGold invites you to visit the company website at www.niogold.com.
For information about NioGold Mining Corporation contact:
Michael A. Iverson, Chairman & CEO Dale Paruk, Vice-President
Tel: (604) 856-9887 Tel: (604) 662-4505
Toll-free: (877) 642-6200
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.
CAUTIONARY NOTE TO U.S. INVESTORS
The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as ‘measured resources', ‘indicated resources' and ‘inferred resources', which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F. The news release contains information about adjacent properties on which we have no right to explore or mine. U.S. investors are cautioned that mineral deposits on adjacent properties may not be indicative of mineral deposits on our properties.
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