Symbol: NOU (TSX Venture), OTC Pink: NMGRF, Frankfurt: NM9
FOR IMMEDIATE RELEASE
August 8, 2016
GATINEAU, QUEBEC – Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde”) (TSX VENTURE: NOU) is pleased to announce the publication of a technical report for the Preliminary Economic Assessment (PEA) performed for the Tony Claim Block, part of its Matawinie graphite Property. The report, completed in accordance with National Instrument (NI) 43-101 guidelines, details the PEA results announced in the press release dated June 22, 2016. The complete PEA report titled “Preliminary Economic Assessment Report for the Matawinie Graphite Project”, dated August 5, 2016, is available on SEDAR, as well as on the company’s website through this link.
Furthermore, the Company wishes to announce that a first phase of exploration drilling for 2016 was completed last week on the West Zone of the Tony Claim Block. The goal of the work was to extend the mineralized zone to the north and to the south, its occurrence there being strongly suggested by airborne geophysical survey results. Twenty-five (25) holes were completed, resulting in 4217 m of drilling. Results will be used to plan a second phase of drilling which is scheduled to start in the fall and whose objective will be to upgrade the already identified mineral resources on the West Zone from the Inferred Category to the Indicated Category. In addition, Nouveau-Monde would like to announce that it has selected SNC-Lavalin, a leading engineering group, to carry out environmental baseline studies for the project. Field measurements and observations started last July and are scheduled to be completed during the summer of 2017.
MATAWINIE GRAPHITE PROJECT
The Tony Claim Block is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Québec, Canada. The claim block, including the West Zone, is easily accessible using existing logging roads and is close to quality infrastructure such as paved roads and high-voltage power lines, both necessary for industrial activities. An abundance of skilled workforce is available in the community of Saint-Michel-des-Saint, as well as in surrounding communities, following the recent closing of multiple logging activities. Nouveau Monde is aggressively pursuing its Matawinie graphite project on all fronts including; metallurgical testing, site engineering, environmental and social impact studies, as well as value-added product development.
This news release was reviewed by Antoine Cloutier, P. Geo., chief geologist for Nouveau Monde and a Qualified Person under National Instrument 43-101 guidelines.
For further information, please contact:
Eric Desaulniers, M.Sc., P.Geo.
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 any way passed upon the merits of the proposed transaction or approved or 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 from those anticipated by such statements. 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.