Nevado Resources Corporation

Nevado Resources Corporation

January 18, 2010 11:00 ET

Following the Current Major Staking Rush in the Thetford Area Nevado Consolidated his Position Around the Nicolet Gold-Copper-Silver Property...

... by Acquiring 17 News Claims Covering 1020 Hectares and Considering Further Actions

MONTREAL, QUEBEC--(Marketwire - Jan. 18, 2010) - Nevado Venture Capital Inc. (TSX VENTURE: VDO) (the "Company" or "Nevado") has now 172 contiguous claims in Nicolet AU-CU-AG Property (the "Property") .The Property is located 30 km southwest of the mining town of Thetford Mines, situated adjacent to the southernmost segment of the Thetford Mines Ophiolitic Complex, some 200 km northeast of Montreal (Quebec).

Decision to increase its property rights was based on the current major staking rush of more than 2000 permits to date in the area. Recent government filings indicate that Bowmore Exploration Limited (TSX-VENTURE:BOW) participated in this rush staking for at least 200 permits adjacent to the west and the south of our Nicolet Property.

This confirmed the minerals potential of the region as previously described in our last press release.

The technical information has been prepared, revised and approved by Mr. Bertrand Brassard, M. Sc., P. Geo., a Director of Nevado and a Qualified Person under NI 43-101 standards.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

Contact Information

  • Nevado Venture Capital Corporation
    Guy Girard
    President and CEO
    Nevado Venture Capital Corporation
    Bertrand Brassard
    Senior Geologist