NMC Resource (TSX VENTURE: NRC) Files Moland Molybdenum Technical Report
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/16/11 -- NMC Resource Corporation (TSX VENTURE: NRC) ("NMC Resource") has filed on SEDAR a National Instrument 43-101 compliant technical report (the "Report") entitled "Technical Report and Resource Estimate on the Moland Molybdenum Mine Property, Daejang-ri, Geumseong-myeon, Jecheon-si, Chungcheongbuk-do District, South Korea", dated December 16, 2011. The Report was prepared by Tracy J. Armstrong, P.Geo., Fred H. Brown, CPG, Pr.Sci.Nat., Eugene J. Puritch, P.Eng., and Kirk Rodgers, P.Eng., of P&E Mining Consultants Inc. The authors are independent qualified persons ("QPs") as defined by Canadian Securities Regulations in National Instrument 43-101. The Report is in support of an updated mineral resource estimate for the NMC Moland Mine in South Korea, the Indicated mineral resources 1.669 million tonnes grading 0.35% MoS2and the Inferred mineral resources 2.094 million tonnes grading 0.32% MoS2 at a economic cut-off of 0.14% MoS2, as outlined in the previous news release dated November 1, 2011. The Report can be found on the NMC Resource's SEDAR profile at or at .
About NMC Resource Corporation
NMC Resource Corporation (TSX VENTURE: NRC) is a mining company with two molybdenum assets: NMC Moland Mine in South Korea (a producing Molybdenum mine with an increasing production profile and resource base) and Boss Mountain Mine in British Columbia, Canada. NMC Resource's assets are strategically located to supply the growing demand for Molybdenum from the Asian markets.
On behalf of the board of NMC RESOURCE CORPORATION
Do Hyung Kim; President, Chief Executive Officer and Director
Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at . Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward-Looking Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.
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 release.
Contacts:
NMC Resource Corporation
Do Hyung Kim
President, Chief Executive Officer and Director
(604) 643-1730
(604) 642-6192 (FAX)
KIN Communications Inc.
Investor Relations Contact
1 (866) 684-6730
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Unternehmensinformation / Kurzprofil:
Datum: 16.12.2011 - 13:30 Uhr
Sprache: Deutsch
News-ID 97873
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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