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Nouveau Monde Mining Enterprises Inc.
Summary
| Project: | Matawinie | |
|---|---|---|
| Deposit: | Matawinie | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 3/19/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 19-3-2020: Nouveau Monde Mining Enterprises Inc. announces a Resource Estimation report for its Matawinie deposit at the Matawinie project. Updated Mineral Resource Estimate for Project. SAINT-MICHEL-DES-SAINTS, Quebec, March 19, 2020 -- Nouveau Monde Gra | |
| Resources: | (Resources, M+I): 120.3Mt @ 4.26% Cg (5.13Mt Cg) | |
| CP/QP: | [Resources]: Yann Camus (SGS Canada Inc.) | |
| ABSTRACT: | SAINT-MICHEL-DES-SAINTS, Quebec, March 19, 2020 -- Nouveau Monde Graphite Inc. (“Nouveau Monde” or “NMG”): (TSX.V: NOU; OTCQX: NMGRF; Frankfurt: NM9) is pleased to announce an updated pit-constrained Mineral Resource Estimate (the “Current Resource”) for its West Zone Deposit, located in the Tony Claim Block, which is part of its Matawinie graphite property. This update follows a drilling campaign completed in the fall of 2019 (see press release dated December 3, 2019). Nouveau Monde’s demonstration plant, which has been operating for over a year, has shown that the Matawinie deposit contains exceptional quality ore, with a graphite concentrate that has an average graphite content of 97% and up to 99% for bigger flakes, allowing it to produce battery grade material. The Current Resource is summarized in Table 1 below and is also compared to the previous pit-constrained Mineral Resource Estimate (the “Previous Resource”) published in a press release dated June 27, 2018. This new Resource Estimate is based on additional drilling done in 2019 to increase the deposit model’s level of detail. | |
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