Nouveau Monde Announces the Publication of an Updated Technical Report for its Tony Block Graphite Deposits
– Momentum Public Relations –
Press Release: April 12, 2016
Nouveau Monde Mining Enterprises Inc. (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to announce the publication of an updated report regarding the Mineral Resource Estimate of the Tony Block which forms part of its Matawinie graphite Property. The report, completed in accordance with National Instrument (NI) 43-101 guidelines, details the Estimate announced in the press release dated February 23, 2016, namely a total of 48.6 Mt at a grade of 3.97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg in the Indicated category and 34.7 Mt at a grade of 4.08{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg. This updated report is available on the company’s websitehttp://nouveaumonde.ca/matawinie-technical-results/
Furthermore, Nouveau-Monde wishes to announce that it has selected Norda Stelo Inc. (formerly Roche Ltd., Consulting Group), a renowned consulting engineering firm, to produce a Preliminary Economic Assessment (PEA) for the Tony Block deposits. The work is currently underway and is scheduled to be completed around the end of the second quarter of 2016.
MATAWINIE GRAPHITE PROJECT
The Matawinie project is located in the Saint-Michel-des-Saints area, some 130 km north of Montreal, Québec, Canada; community where skilled labour force is abundant. The deposits forming the resource estimate described above are easily accessible by road, and close to all quality infrastructure necessary for industrial activities. Additionally, preliminary scoping level metallurgical results presented in the updated Technical Report dated March 30, 2016, suggest average concentrate grades of greater than 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon are achievable on a routine basis using only a simple cleaning circuit on all tested areas to date. Furthermore, the processing of a 12 tonne bulk sample in an un-optimized circuit, followed by upgrading in an attrition scrubber, produced a concentrate yielding 97.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon in average.
Learn more by clicking here: www.nouveaumonde.ca