Symbol: NOU (TSX Venture), OTC Pink: NMGRF, Frankfurt: NM9
FOR IMMEDIATE RELEASE
September 27, 2016
GATINEAU, QUEBEC – Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde”) (TSX VENTURE: NOU) is pleased to report results from its summer of 2016 drilling program located on the West Zone of the Tony claim block, part of its Matawinie graphite Property. The project is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Québec, Canada. A Preliminary Economic Assessment (PEA), completed in accordance with the NI 43-101 guidelines, was completed for the Tony Claim Block earlier this year (see press release dated June 22, 2016).
The following files can be downloaded in support to the reading of the paragraphs below:
- Tony Block location map: http://nouveaumonde.ca/wp-content/uploads/PR_Tony_Block_20160922_EN.pdf
- West Zone location map: http://nouveaumonde.ca/wp-content/uploads/PR_West_Zone_20160922_EN.pdf
- Representative drill sections W+0300: http://nouveaumonde.ca/wp-content/uploads/Section_W2B0300_20160924.pdf
- Representative drill sections W+2100: http://nouveaumonde.ca/wp-content/uploads/Section_W2B2100_20160924.pdf
The summer of 2016 drilling campaign consisted of 22 holes totaling 3,597 m. The operation resulted in the extension of the West mineralized zone, which now measures approximately 2.2 km in strike length. The dip of the mineralized horizons varies from sub vertical to around 75° towards the east. The mineralization remains open to the north, to the south and at depth. The mineralized intersections provided by the recent drilling program are presented in Table 1 below.
Table 1: Mineralized intersections provided by the 2016 summer drilling program
|Drill Hole||Section||From (m)||To (m)||Mineralized Interval (% Cg)*|
|TO-16-85||W+0000||61.4||72.4||11 m @ 4.05%|
|W+0000||127.1||215.5||88.4 m @ 4.95%|
|W+0000||127.1||145||17.9 m @ 3.4%|
|W+0000||145||215.5||70.5 m @ 5.35%|
|TO-16-96||W+0000||3.2||14.25||11.05 m @ 2.39%|
|W+0000||22.25||54.2||31.95 m @ 4.63%|
|TO-16-83||W+0100||7||46.4||39.4 m @ 4.55%|
|TO-16-82||W+0200||52.15||72.5||20.35 m @ 4.06%|
|W+0200||142||209||67 m @ 4.63%|
|TO-16-84||W+0200||22||70||48 m @ 4.94%|
|W+0200||80||92||12 m @ 4.58%|
|TO-16-80||W+0300||63||74||11 m @ 3.37%|
|W+0300||158.4||245||86.6 m @ 3.99%|
|TO-16-81||W+0300||11.1||46.9||35.8 m @ 3.71%|
|W+0300||52||80||28 m @ 4.05%|
|TO-16-78||W+0400||60.05||86.3||26.25 m @ 2.99%|
|W+0400||109||139.3||30.3 m @ 2.37%|
|W+0400||143.6||169||25.4 m @ 3.25%|
|W+0400||181||239.2||58.2 m @ 2.88%|
|TO-16-79||W+0400||14.9||27.1||12.2 m @ 4.31%|
|W+0400||30.3||77.45||47.15 m @ 4.5%|
|TO-16-75||W+0500||63.9||81||17.1 m @ 3.36%|
|W+0500||128.8||154||25.2 m @ 3.77%|
|W+0500||173||203||30 m @ 3.77%|
|W+0500||209||223.3||14.3 m @ 3.38%|
|TO-16-76||W+0500||58.2||74||15.8 m 2 3.73%|
|W+0500||78||100||22 m @ 5.03%|
|W+0500||104||121||17 m @ 3.79%|
|TO-16-86||W+1700||34.2||73||38.8 m @ 4.02%|
|TO-16-87||W+1800||52.75||76.5||23.75 m @ 6.07%|
|W+1800||79.8||90.2||10.4 m @ 4.41%|
|TO-16-88||W+1800||78.15||99.65||21.5 m @ 5.02%|
|W+1800||123.6||141||17.4 m @ 2.03%|
|W+1800||141||218.25||77.25 m @ 4.7%|
|TO-16-89||W+1900||56.93||91.6||34.67 m @ 5.14%|
|TO-16-90||W+2000||54.7||83.1||28.4 m @ 4.63%|
|TO-16-91||W+2000||52.6||63||10.4 m @ 2.24%|
|W+2000||95.65||109||13.35 m @ 3.81%|
|W+2000||131||180||49 m @ 4.18%|
|TO-16-92||W+2100||96.8||107.9||11.1 m @ 3.48%|
|W+2100||124.4||158.2||33.8 m @ 4.9%|
|W+2100||166||178.7||12.7 m @ 5.02%|
|W+2100||180.6||198.3||17.7 m @ 5.04%|
|TO-16-93||W+2100||43.6||74||30.4 m @ 4.18%|
|TO-16-94||W+2200||70||96.05||26.05 m @ 4.49%|
|W+2200||128.6||164.1||35.5 m @ 5.22%|
|TO-16-95||W+2200||74.6||117.2||42.6 m @ 5.32%|
* Only mineralized intervals over 10 m in length are presented. Mineralized intervals do not represent true width. All samples were analyzed for graphitic carbon (Cg) at the ALS Minerals facilities in North Vancouver, B-C, using a LECO analyzer (ALS internal code C-IR18).
The core samples were generally 2 m in length and the core barrel was NQ size (47.6 mm). All the holes from sections W+0000 to W+1500 were more or less oriented N293o (perpendicular to the long axis of the zone), with a dip of 45o, while those from sections W+1700 to W+2200 were more or less oriented N313o, also with a dip of 45o.
To date, 49 core drill holes ranging in length from 36 m to 307 m were completed over the West Zone of the Tony claim block for a total of 8,169 m. The graphitic mineralization is mostly encased within paragneiss units. A second phase of definition drilling is scheduled to begin this fall on the West Zone. The objective is to upgrade the already identified mineral resource estimate by including the data gathered this summer to expand the resource and by transforming a large portion of the resource from the Inferred to the Indicated and/or Measured Category.
Quality Assurance – Quality Control
Bernard-Olivier Martel, P.Geo, supervised the 2016 drilling program. A strict protocol, including the insertion of duplicate and blank samples within the sample stream was adopted as part of a quality assurance and quality control (QA/QC) program. Graphite standards were also included within the borehole sampling protocol. Duplicate, blank and graphite standard sample results returned values within acceptable limits. Mr. Martel performed and supervised the preparation and sample submittal for the drilling program.
The mineralized drill core was split into quarters using a rock saw. The quarter core samples were then individually bagged and sent for analysis, and the remaining core was kept as a reference and for possible metallurgical testing. Samples were all analyzed for graphitic carbon (Cg) content by a LECO analyzer at the ALS Minerals laboratory in North Vancouver (B-C), Canada using their internal code; C-IR18. This laboratory is ISO 9001:2008 and ISO 17025 accredited.
The technical information in this news release was prepared by Bernard-Olivier Martel, drill program supervisor and reviewed by Antoine Cloutier, P. Geo and chief geologist for Nouveau Monde. Mr. Martel and Mr. Cloutier are both Qualified Persons under National Instrument 43-101.
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.