GATINEAU, QUEBEC – Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde“) (TSX VENTURE:NOU) is pleased to report assay results for its preliminary 2015 prospecting program on the Matawinie graphite Property which is located in the St-Michel-des-Saints area, some 130 km north of Montreal, Québec. The field work, conducted in early June, targeted unexplored electromagnetic anomalies generated by a local airborne geophysical survey carried-out earlier this year by Nouveau-Monde (see May 28th, 2015 press releases for details).
GRAB SAMPLES ON THE TONY BLOCK
During the 2015 spring exploration program, a total of 18 grab samples from graphite-bearing paragneiss outcrop and subcrop was collected over the Tony claim block (see June 17th, 2015 press release for details). Of those grab samples, ten (10) returned significant results (see Table 1) ranging from 5.14 % graphitic carbon (or “Cg”) to 7.73 % Cg (significant results are defined as greater than 5 % Cg). These results further expand the graphite mineralization observed previously over the Tony claim block and confirm the potential for the 12 km long TDEM anomaly to host sizable mineralization.
Table 1. Results from grab samples collected during the spring of 2015:
|Sample ID||Assay Results (% Cg)*|
*All analyses were performed by ALS Minerals Laboratories and delivered as graphitic carbon (Cg), internal analytical code C-IR18.
TONY CLAIM BLOCK SUMMER PROGRAM UPDATE
Line cutting over the Tony claim block is expected to be completed next week as is a ground TDEM survey using Dynamic Discovery Geoscience Ltd’s Phispy system. Results will be used to plan the upcoming trenching and drilling programs. A core drill has been mobilized on the Tony claim block and is presently active over the property. Trenching is scheduled to start early next week. This summer’s exploration program aims at defining an NI 43-101 compliant mineral resource calculation by January of 2016. Drilling and trenching results will be communicated throughout the summer.
QUALITY CONTROL AND QUALITY ASSURANCE
The spring of 2015 Matawinie property exploration program was supervised by Antoine Cloutier, Géo (Québec), B.Sc. Verification, preparation and sample submittal presented here were completed by M. Cloutier. All samples were thoroughly washed and individually bagged prior to shipping. Samples were analyzed for graphitic carbon (Cg) content by a LECO analyzer (ALS code; C-IR18) at the ALS Minerals laboratory located in North Vancouver (B-C), Canada. This laboratory is accredited with the ISO 9001:2008 and ISO 17025: 2005 certifications. Total sulfur (or “S”) as well as total carbon (or “C”) was also analyzed by ALS Minerals using a LECO analyzer (ALS laboratory codes; S-IR08 and C-IR07 respectively).
The technical information in this news release was prepared by Antoine Cloutier, geo, chief geologist for Nouveau Monde and reviewed by Eric Desaulniers, MSc, geo, President and CEO of Nouveau Monde who acts as qualified persons under National Instrument 43-101.
For further information, please contact:
Eric Desaulniers, MSc, Géo
President and Chief Executive Officer of Nouveau Monde
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Nouveau Monde will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Nouveau Monde.