Nevado Resources Corporation
TSX VENTURE : VDO
FRANKFURT : NSV

Nevado Resources Corporation

December 15, 2011 07:00 ET

NEVADO Completes Second Major Helicopter-Supported Diamond Drilling Campaign at the La Blache Iron-Titanium-Vanadium Project

- 12,603 metres in 36 diamond drill holes covering 6 targets, including the completion of the delineation drilling at the 1,500 metres by 550 metres by 115 metres Farrell-Taylor Occurrence

MONTREAL, QUEBEC--(Marketwire - Dec. 15, 2011) - NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or "NEVADO") is pleased to announce the completion of the second major helicopter-supported diamond drilling campaign at the Company's wholly-owned La Blache Iron-Titanium-Vanadium Project (the "Project").

The campaign totalled 12,603 metres in 36 drill holes covering 6 targets divided as follows:

  1. Delineation drilling (6,843 metres / 13 holes) at the 1,500 metres by 550 metres by 115 metres Farrell-Taylor Occurrence; where NEVADO already drilled 9,618 metres in 32 holes along the western segment of the occurrence during the winter 2011 drill campaign;
  1. Drilling (808 metres / 3 holes) the 4,000 metres by 2,000 metres strong magnetic anomaly of the La Blache West / Tarbouche Occurrence;
  1. Drilling (2,169 metres / 6 holes) the 800 metres by 800 metres potential target at the Farrell-Mason Occurrence;
  1. Drilling (1,806 metres / 9 holes) the Leduc-Farrell Occurrence along the Prospector Lake segment of the La Blache Ring of Iron-Titanium-Vanadium;
  1. Drilling (743 metres / 4 holes) the Hervieux East Extension Occurrence along the northern segment of the La Blache Ring of Iron-Titanium-Vanadium 3 kilometres west of the Farrell-Taylor Occurrence;
  1. Drilling (234 metres / 1 hole) the E. Girard Occurrence along the western segment of the La Blache Ring of Iron-Titanium-Vanadium.

All assay results are currently pending.

NEVADO has now completed 68 diamond drill holes totalling 22,221 metres on the Project, of which 45 holes for 16,461 metres were drilled at the most extensive oxides mineralization found to date at the highly prospective Farrell-Taylor Occurrence.

Management believes these is sufficient drilling at the Farrell-Taylor Occurrence to complete NI 43-101 mineral resource estimates of the entire massive and disseminated Iron, Titanium and Vanadium oxides mineralization package as well as a preliminary economic assessment. In addition, NEVADO and its partner Neomet Technologies Inc. are nearing completion of the second stage metallurgical test work.

About Nevado Resources Corporation

NEVADO is a Canadian junior resource company trading under the symbols VDO on the TSX Venture Exchange and NSV on the Frankfurt Stock Exchange. NEVADO owns 1,906 mineral claims or an equivalent of 995 km2 in the Baie-Comeau, Fermont and Eastern Townships regions of Quebec. The Company is currently focused on advancing the La Blache Iron-Titanium-Vanadium Project in the Baie-Comeau region towards National Instrument 43-101 mineral resources and development.

The technical information in this news release was prepared by Mr. Jean Lafleur, M.Sc., P. Geo., Project Manager of NEVADO's La Blache Project, and a Qualified Person under NI 43-101 regulations.

Please visit the NEVADO website at www.nevadoresources.com

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

  • Mr. Michael Curtis
    President and CEO
    (514) 793-1915