Agoracom Blog

NEVADO Hits 11.24% Cgr Over 9.95 m at Fermont and Provides Update on La Blache

Posted by AGORACOM-JC at 10:42 AM on Monday, February 25th, 2013

MONTREAL, QUEBEC–(Feb. 25, 2013) – NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (“NEVADO” or the “Company”) is pleased to report the results of its first drilling program on the Fermont graphite property, where Hole NV12-01 intersected seven graphite intersections, including 9.97% Cgr over 15.7 m, 8.65% Cgr over 16.3 m, as well as 11.24% Cgr over 9.95 m in Hole NV12-04.

The best results for the four-hole, 1,065-m program were as follows:

NV12-01 19.50 30.00 10.50 5.39
38.00 43.85 5.85 2.95
47.60 55.60 8.00 2.44
213.20 216.80 3.60 3.34
231.00 247.30 16.30 8.65
264.80 280.50 15.70 9.97
301.00 307.70 6.70 4.01
NV12-02 114.00 144.00 30.00 1.21
NV12-03 194.10 214.00 19.90 5.83
incl. 201.00 207.00 6.00 12.26
NV12-04 13.05 23.00 9.95 11.24
28.50 48.00 19.50 4.06
84.00 93.00 9.00 4.48
106.00 118.50 12.50 3.39
187.50 192.00 4.50 3.19
* This figure represents core length rather than true width. The host gneiss is highly metamorphized and is folded in places. Multiple holes must be drilled on a given section to determined true width. These formations tend to be essentially subvertical, except in the fold axes.

Michael Curtis, President and Chief Executive Officer of NEVADO, said that: “These very positive drill results are all the more impressive as these are the first four holes drilled on the property. All the holes intersected good-sized intervals and multiple high graphite grades of up to 24.8% Cgr over 1.2 m. The results of the TDEM helicopter-borne survey also indicate that the Fermont property has excellent exploration potential, having identifying more than 20 potential structures ranging in length from 600 m to 5 km. Only two of these conductors have been tested by drilling, over a distance of barely 200 m. In short, we have only just started our work at Fermont, and these initial results are already very promising.”

The graphite structures are encased in biotite gneiss. The helicopter-borne geophysical survey indicates that the numerous high-intensity electromagnetic conductors identified are several km long and highly complex, due to folding that produces significant thickening of the graphite structures in places. Visually, the graphite showings appear to have a high proportion of large crystals (>0.25 mm), which makes them more valuable than fine-grained (amorphous) deposits and highly prized by graphite users, particularly for lithium-ion battery production.

The NEVADO holes were drilled seven km northeast of Focus Graphite’s Lac Knife deposit (indicated resource of 4.938 Mt grading 15.76% Cgr and inferred resource of 3 Mt grading 15.58% Cgr).

The map of the drill results can be found at:

The map of the helicopter-borne survey results can be found at:

Update on La Blache Project

NEVADO management wishes to underscore that the La Blache Project (titanium-vanadium-iron) remains without question the Company’s flagship project. Since filing a NI 43-101 technical report with respect to the property, in July 2012, the Company has worked steadily to increase the project’s long-term value by focusing the bulk of its efforts on two strategic priorities: 1) seeking out and assessing competitive metallurgical processes for the low cost production of higher-quality titanium based products, and 2) identifying strategic partners to help with optimal project development and operation.

“While we are very pleased with the results obtained to date from exploration work on the Fermont graphite project – which, incidentally, perfectly illustrates the potential of our rich portfolio of mineral properties – we remain committed to developing the La Blache project, which we feel has mid-term potential to generate significant value for our shareholders,” Mr. Curtis concluded.

Quality Control

The 0.5-m to 1.5-m half-core samples were shipped to the ALS Minerals laboratory in Val-d’Or for sample preparation, with ALS Minerals in Vancouver performing the assays. These laboratories are ISO/IEC 17025:2005 certified and provide a very stringent quality assurance/quality control (QA/QC) program that includes systematic addition of blank, certified-standard and duplicate samples and check assays.

About Nevado Resources Corporation

NEVADO is a junior strategic metals company with properties in Northern Quebec. The Company is currently focused on advancing its world-class La Blache titanium-vanadium-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.

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.

Contact Information

  • NEVADO Resources Corporation
    Michael Curtis
    President and Chief Executive Officer
    (514) 303-7895

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