NEVADO Hires Michael Dry, PhD, to Lead the Hydrometallurgical Process Modeling at the La Blache Iron-Titanium-Vanadium Project
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 10/18/11 -- NEVADO RESOURCES CORPORATION (TSX VENTURE: VDO)(FRANKFURT: NSV) (the "Company" or "NEVADO") is pleased to announce the hire of Mr. Michael Dry, PhD, to lead the hydrometallurgical testing and process modeling study at the Company's wholly-owned La Blache Iron-Titanium-Vanadium Project (the "La Blache Project").
Mr. Dry is a Metallurgical Consultant based in Peterborough (Ontario), an expert in the conventional and innovative metallurgical circuits applied to the recovery of valuable metals from ores and wastes, particularly, in the hydrometallurgical processing technology. He has over 30 years experience in hydrometallurgy with 5 years managing the applied research side. He obtained his PhD from the University of the Witwatersrand in Engineering and a B.Sc. from the University of Cape Town in Chemical Engineering. He is a Member of the CIM Metallurgical Society, Hydrometallurgy Section Committee.
Mr. Michael Curtis, President and CEO of NEVADO, stated "We are very privileged with Michael Dry joining our team. His expertise in hydrometallurgy, in leading technical teams, modeling unit operations and flowsheets, as well as process economics will be instrumental in the coming months to enhance the quality, scope and financial profitability of La Blache Project as the NEOMET Stage 2 hydrometallurgical test work is nearing completion."
NEVADO is well poised to determine the full Iron, Titanium and Vanadium oxides mineralization and size potential of its top four priority targets at La Blache, which NEVADO believes may host as much as 200 million tonnes of mineralization. It is expected that by year-end NEVADO will have reached a key milestone in the project that will include approximately 25,000 metres drilled, the completion of NI-43-101 compliant mineral resources estimates on the most extensive oxides mineralization to date at Farrell-Taylor, the completion of the second stage metallurgical testing and a Preliminary Economic Assessment.
Diamond drilling campaign at the La Blache Iron-Titanium-Vandium Project
NEVADO has already completed 5,385 metres of the 15,000 metres, multi-stage and helicopter-supported diamond drilling program. The program at this time totals 10,000 metres and focuses on:
The remaining 5,000 metres will be added on a target-by-target basis depending on results.
About Nevado Resources Corporation
NEVADO is a Canadian junior resource company trading under the symbols VDO on the TSX Venture Exchange and NSV on the Frankfurt Stock Exchange. NEVADO owns 1,906 mineral claims or an equivalent of 995 km2 in the Baie-Comeau, Fermont and Eastern Townships regions of Quebec. The Company is currently focused on advancing the La Blache Iron-Titanium-Vanadium Project in the Baie-Comeau region towards National Instrument 43-101 mineral resources and development.
The technical information in this news release was prepared by Mr. Jean Lafleur, M.Sc., P. Geo., Project Manager of NEVADO's La Blache Project, and a Qualified Person under NI 43-101 regulations.
Website
The Nevado website is now operational at
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:
Mr. Michael Curtis
President and CEO
(514) 793-1915
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Datum: 18.10.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 77117
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Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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