Nouveau Monde {TSX.V: NOU} has published their first resource estimate over one of their fully owned projects to 43-101 standards, on their Matawinie Graphite Project.
They have also published their objectives for 2016, and made an important addition to their board of directors.
GATINEAU, QUEBEC — Jan. 8, 2016) – Nouveau Monde {TSX.V: NOU} has achieved an important milestone with the publication of a first Mineral Resource Estimate over one of its fully owned projects.
Following the discovery of graphite (or “Cg”) mineralisation during the summer of 2014 on the Tony claim Block, part of the Matawinie Property, Nouveau Monde has since then successfully performed an airborne geophysical survey, prospecting, ground PhiSpy surveying, the excavation of 9 trenches, and 10 479 m of core drilling.
The work culminated in a Mineral Resource Estimate for the South-West and South-East zones, completed in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) guidelines, of 26.3 Mt grading 3.73 % Cg in the Indicated category and of 19.2 Mt grading 3.67 % Cg in the Inferred category (see press release dated December 15, 2015).
Moreover, Nouveau Monde continued its metallurgical testing of the mineralised zones on the Tony Block.
Eric Desaulniers, P.Geo, President & CEO of Nouveau Monde stated: “The preliminary metallurgy results show excellent Cg purity levels and large flake distribution (see press release date October 22, 2015). This, combined with the exceptional proximity to infrastructure and ready access to low cost hydro-electricity, add to the robustness of the project. Nouveau Monde feels confident that it will be able to produce high-value graphite concentrates, as well as value-added graphite products while being cost competitive and having a minimal environmental impact.”
Although Nouveau Monde mostly concentrated its efforts on its Matawinie project in 2015, a short five day prospecting program was carried out on its Rivière-au-Castor Property. Financed through the SIDEX ‘Action-Terrain’ program, it resulted in the discovery of a mineralized quartz vein which returned a grade 2.68 g/t Au from a grab sample.
2016 OBJECTIVES
In 2016, Nouveau Monde intends to continue focusing on its Matawinie graphite project while pursuing compilation and exploration work elsewhere in the province of Quebec.
The main objectives for 2016 are listed below:
- To provide various graphite products derived from the 12-ton bulk sample collected in the fall of 2015 from the Tony Block (see press release dated October 22, 2015) to partners and potential customers for assessment. The products will consist of raw flake graphite concentrates, spherical graphite, as well as coated spherical graphite;
- To perform and publish a Mineral Resource Estimate, completed in accordance with NI 43-101 guidelines, for theWest Zone of Tony Block by the end of Q1;
- To follow-up on the Mineral Resource Estimate for the South-East and South-West zones of the Tony Block released on December 15, 2015, as well as the upcoming Mineral Resource Estimate for the West zone through meetings with mining analysts and the financial community;
- To perform and publish a Preliminary Economic Assessment for the Tony Block deposits, completed in accordance with NI 43-101 guidelines, including the possible production of spherical graphite on-site in Saint-Michel-Des-Saints;
- To initiate a Feasibility Study for the graphite deposits of the Tony Block, completed in accordance with NI 43-101 guidelines;
- To complete a baseline environmental studies and to initiate Impact and Benefit assessment work;
- To secure a strategic partnership with at least one participant in the Lithium-Ion battery market before year-end.
DIRECTOR NOMINATION
Nouveau Monde announces the nomination of Ms. Nathalie Jodoin to its Board of Directors. Ms. Jodoin specializes in the drafting and prosecution of patent applications and the providing of patentability, validity, infringement and freedom to operate opinions in the fields of chemical, mechanical, physical and electrochemical metallurgy, material science, chemical process and water treatment.
She is particularly experienced in strategic IP planning and worldwide patent prosecution. Ms. Jodoin is a partner with Robic LLP, an internationally renowned Intellectual Property law firm specializing in Intellectual Property and Business law. Robic LLP is located in Québec, Canada with an office in Montreal and another one in the city of Quebec. Ms Jodoin’s clients are medium and large-size companies which are involved in the various technical fields mentioned above. Ms. Jodoin was awarded a Bachelor in Metallurgical Engineering, Material science from École Polytechnique de Montréal in 1985 and a Bachelor in Civil Law (LL.B) from Université de Montréal in 1989. She is a Member of the Ordre des ingénieurs du Québec, and was called to the Québec Bar in 1990. She is also a registered patent agent in Canada and in the US since 1997.
Eric Desaulniers, P.Geo, President & CEO of Nouveau Monde stated: “We are very pleased to add Ms. Nathalie Jodoin to our team. Her nomination reflects the evolution of the Corporation which is entering a new phase of project development. Her expertise in metallurgy and her knowledge in Intellectual Property laws will be of great value to Nouveau Monde which aims at bringing its Matawinie Project towards the exploitation stage.”
GRANT OF OPTIONS
The Corporation announces the grant of 1M options to directors and officers of the Corporation. Each option shall entitle its holder thereof to subscribe for one common share of the Corporation, at a price of $0.20 per common share, for a period of five years from the date of grant. These options will vest one quarter at issuance and by period of three months until September 7, 2016. These options were granted in accordance with the terms of the current stock option plan of the Corporation.
ISSUANCE OF SHARES FOR SERVICES
The Corporation reports that it has received TSX Venture Exchange approval to issue common shares in consideration for services rendered pursuant to a consultant and services agreement entered into between the Corporation and Matrix Advisors, LLC (“Matrix”), an arm’s length party, on November 23, 2015 (the “Service Agreement”).
Matrix has rendered the services provided for in the Service Agreement during the first quarter (Oct 1st 2015 to Jan 1st 2016) and the Corporation has issued 250,000 common shares to Matrix at a deemed price of $0.20 per common share.
All common shares issued in connection with the Service Agreement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.
The press release was reviewed by Eric Desaulniers, M.Sc., P.Geo., President and CEO of Nouveau Monde, a Qualified Person under National Instrument 43-101 guidelines.