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Nouveau Monde Mining Enterprises Inc.
Summary
| Project: | Matawinie | |
|---|---|---|
| Deposit: | West Zone | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 3/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 2-3-2017: Nouveau Monde Mining Enterprises Inc. announces a Resource Estimation report for its West Zone deposit at the Matawinie project. Mineral resource estimate update for West Zone. Nouveau Monde Graphite Inc. (TSX-V: NOU) (“Nouveau Monde” or the “Co | |
| Resources: | (Resource): 32.9Mt @ 4.5% Cg (Ind.) and 0.2Mt @ 4.84% Cg (Inf.) at West Zone | |
| CP/QP: | [Resources]: Yann Camus (SGS Canada Inc.) | |
| ABSTRACT: | Nouveau Monde Graphite Inc. (TSX-V: NOU) (“Nouveau Monde” or the “Corporation”) is pleased to announce the results of an updated pit-constrained Mineral Resource Estimate (the “Current Resource”) concerning the West Zone Deposit, located on the Tony claim Block, part of its Matawinie graphite Property. The Current Resource is summarized in Table 1 below and is compared to the pit-constrained Mineral Resource Estimate (the “Previous Resource”) included in the Preliminary Economic Assessment report press released on June 22, 2016. Eric Desaulniers commented “I am very pleased with our recent drill program which essentially enabled us to move 100% of our inferred resource into the indicated resource category. This speaks to the quality of our original drilling and the strength of the deposit mineralization. The next step will be to input this information into our optimized mine plan that will be the basis of our pre-feasibility study due out in September 2017. My team is led by in-house professionals with years of hands-on graphite production experience. Their leadership and input into our pre-feasibility study will be invaluable and gives me increased confidence in the quality of our new project economics to come.” It is important to note that Nouveau Monde will not be issuing a Technical Report detailing the Current Resource. Nouveau Monde has initiated work towards completing a Prefeasibility Study for September 2017 in which mining and economic parameters are expected to be updated and refined resulting in a Mineral Reserve for the West Zone. | |
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