NEVADO Begins Exploration on the Fermont Graphite Property
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 08/15/12 -- NEVADO RESOURCES CORPORATION (TSX VENTURE: VDO)(FRANKFURT: NSV) ("NEVADO" or the "Company") is pleased to report that it has started exploration on the Fermont graphite property. The goal of this initial program is to identify the graphite conductors using a Beep Mat and excavate trenches on the best conductors to assess the property's potential.
Michael Curtis, President and Chief Executive Officer of NEVADO, said that: "This first program will give us an idea of the potential of the Fermont property. Our property has the advantage of being situated directly east of Focus Graphite's Lac Knife deposit (measured and indicated resource of 4.97 Mt at 15.67% Cgr) and hosting a large number of electromagnetic anomalies. Many of these anomalies are strong and plurimetric in size, which is an excellent indicator of the presence of graphite-rich masses. Furthermore, the geology, which is similar to the adjacent properties with recognized graphite potential, is favourable in every way to the presence of graphite mineralization."
Click on the following link to see a map of the property:
About Nevado Resources Corporation
NEVADO is a strategic metals exploration company with properties in Northern Quebec, Canada. The Company is currently focused on advancing its world-class La Blache vanadium-titanium-iron project. NEVADO also owns the Fermont project, a graphite property adjacent to Focus Graphite's Lac Knife deposit.
This news release was reviewed and approved by Michael Curtis, President and Chief Executive Officer of NEVADO. The technical content of this news release was reviewed and approved by Denis Villeneuve, Geo., a consultant for NEVADO and a Qualified Person under NI 43-101.
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Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.
Contacts:
Michael Curtis
President and CEO
(514) 793-1915
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Unternehmensinformation / Kurzprofil:
Datum: 15.08.2012 - 11:00 Uhr
Sprache: Deutsch
News-ID 174770
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contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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