NEVADO Begins Exploration on the Fermont Graphite Property
August 15 2012 - 7:00AM
Marketwired Canada
NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) ("NEVADO" or the
"Company") is pleased to report that it has started exploration on the Fermont
graphite property. The goal of this initial program is to identify the graphite
conductors using a Beep Mat and excavate trenches on the best conductors to
assess the property's potential.
Michael Curtis, President and Chief Executive Officer of NEVADO, said that:
"This first program will give us an idea of the potential of the Fermont
property. Our property has the advantage of being situated directly east of
Focus Graphite's Lac Knife deposit (measured and indicated resource of 4.97 Mt
at 15.67% Cgr) and hosting a large number of electromagnetic anomalies. Many of
these anomalies are strong and plurimetric in size, which is an excellent
indicator of the presence of graphite-rich masses. Furthermore, the geology,
which is similar to the adjacent properties with recognized graphite potential,
is favourable in every way to the presence of graphite mineralization."
Click on the following link to see a map of the property:
http://www.marketwire.com/library/20120814-Nevado_cartes_0814_800.jpg
About Nevado Resources Corporation
NEVADO is a strategic metals exploration company with properties in Northern
Quebec, Canada. The Company is currently focused on advancing its world-class La
Blache vanadium-titanium-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.
Please visit our website at www.nevadoresources.com
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.
Nevado Resources Corporation (TSXV:VDO)
Historical Stock Chart
From Jul 2024 to Aug 2024
Nevado Resources Corporation (TSXV:VDO)
Historical Stock Chart
From Aug 2023 to Aug 2024