NMC Resource Corporation
TSX VENTURE : NRC

NMC Resource Corporation

March 03, 2010 18:04 ET

NMC Resource Corporation: New High Grade Molybdenum Mill Getting Ready For Start-Up

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2010) - NMC Resource Corporation (TSX VENTURE:NRC) (the "Company") is pleased to announce that a commissioning test of its recently constructed molybdenum (MoS2) flotation mill at the Company's NMC Moland Molybdenum Property (the "Property") in South Korea is now underway. The commissioning test is a normal procedure for a new mill and expected to be completed in less than 30 days. During the production trial, the Company intends to further increase the projected production expectations through optimizing of the mill circuit and flotation process.

The Company is a natural resource company engaged in the business of exploration and development of high-grade molybdenum mineralization located within the Jecheon-si administration district, approximately 170 kilometres southeast of Seoul, South Korea. The Property is comprised of three claims, totaling 822 hectares in area. The Company holds a 100% interest in the claims comprising the Property.

A technical report on the Property dated October 8, 2009 prepared by R.S. Middleton, P. Eng. in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") was filed on SEDAR on November 19, 2009. Over the next six months, the Company is planning to drill core holes below the current resource for a total of 2,000 meters, to define the grade and limits of the mineralization and test down-dip extensions of the mineralization. This drill program is being supervised by R. S. Middleton, P. Eng.

Bruce Durham, P. Geo., a director of the Company, is a 'qualified person' as that term is defined in NI 43-101. Bruce Durham has reviewed and approved the technical information set out in this news release.

On behalf of the board of

NMC RESOURCE CORPORATION

Yoo Sup Han, Director and President

Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Specifically, this news release includes Forward-Looking Statements regarding planned test production operation and drilling activities. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at www.sedar.com. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward Looking-Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Contact Information

  • NMC Resource Corporation
    Tristin R. Lee
    (604) 637-1758
    or
    NMC Resource Corporation
    Suite 1500-701 West Georgia Street
    Vancouver, BC Canada V7Y 1C6
    www.nmcresource.com