Nevado Resources Corporation
TSX VENTURE : VDO
FRANKFURT : NSV

Nevado Resources Corporation

September 13, 2011 07:00 ET

NEVADO Discovers 18 Additional Massive Oxides Iron-Titanium-Vanadium lenses at Surface on the La Blache Project

- New massive oxides occurrences linked to 6 kilometric-sized target rings part of the 420 km2 La Blache Anorthositic Complex

- Horizontal to sub-horizontal lenses, sills and veins of massive oxides ranging from 3 metres to 750 metres in observed length, and 50 metres to 900 metres wide

- The Farrell-Taylor Occurrence is one such lens having been modelled geophysically and drilled with current dimensions of 1,500 metres by 550 metres by 115 metres. Now there appears to be at least 9 other lenses offering similar size potential as the Farrell-Taylor Occurrence

- NEVADO stakes more mineral claims to the north-eastern and southern boundaries of project

MONTREAL, QUEBEC--(Marketwire - Sept. 13, 2011) - NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or "NEVADO") is pleased to announce new surface prospecting discoveries on the La Blache #2 Claim Block from the Company's wholly-owned La Blache Iron-Titanium-Vanadium Project (the "Project"). The prospecting program, completed over a two-month period, found 18 new surface massive oxides lenses.

Field characteristics of the observed and projected dimensions are shown in an appended table. Highlights include:

  • Vertical to sub-vertical dykes and large veins of massive oxides ranging from 5 metres to 400 metres in observed length and 3 metres to 7 metres wide;
  • Horizontal to sub-horizontal lenses, sills and veins of massive oxides ranging from 3 metres to 750 metres in observed length, and 50 metres to 900 metres wide;
  • The 18 new massive oxides discoveries are distributed within 6 kilometric sized target ellipses or rings, some as sub-rings to the original 45 kilometres long La Blache Ring of Iron-Titanium-Vanadium and others associated with one new ring, the 16 kilometres long La Blache East Ring of Iron-Titanium-Vanadium;
  • Further synthesis work has demonstrated that each massive oxides occurrence are part of larger systems based on the topographic, lineament, geological and geophysical trends, ranging from 400 metres to 4,000 metres in potential length for the vertical lenses, and 700 metres to 3,000 metres in potential length and 50 metres to 900 metres in potential width.

The Iron-Titanium-Vanadium grades are not expected to be different from the released drill hole and field sample assay results from 2010 and 2011 for the massive and semi-massive to vein-type oxide. Grades in the massive oxides generally range in the 59% to 70% Fe2O3, 17% to 22% TiO2 and 0.05 to 0.15% V2O5. The higher grades are situated in the more massive oxides that are surrounded by anorthosites containing 5% to 25% disseminated and vein-type oxides ranging from a few metres to more than 100 m in core length which gave lower grades in the ranges of 15% to 45% Fe2O3, 5% to 15% TiO2 and 0.03% to 0.10% V2O5.

Mr. Michael Curtis, President and CEO of NEVADO, stated "As the exploration work progresses at La Blache it is becoming obvious that the massive black oxides mineralization is not only pervasive across the entire La Blache #1 and #2 claim blocks, but the mineralization follows specific kilometric and elliptical trends forming in some cases significant masses or lenses. The Farrell-Taylor Occurrence is one such lens having been modelled geophysically and drilled with current dimensions of 1,500 metres by 550 metres by 115 metres. Now there appears to be at least 9 other lenses offering similar size potential as the Farrell-Taylor Occurrence. NEVADO's planned 15,000 metres drill program scheduled to start in September will confirm this potential."

Mr. Curtis added "NEVADO also staked and registered 186 mineral claims along the north-eastern and southern boundaries of the project to ensure maximum coverage of potential target areas."

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

NEVADO's website is expected to be operational by Q3-2011

Observed Field characteristics of the 18 new massive oxides discoveries at the La Blache Iron-Titanium-Vanadium Project (Quebec)

SECTOR # OCCURRENCE OBSERVED
LENGTH
(m)
1
OBSERVED
WIDTH
(m)
1
POTENTIAL
LENGTH
(m)
2
POTENTIAL
WIDTH
(m)
2
ORIENTATION3
La Blache Ring of Iron-Titanium-Vanadium
Petit Lac 1 Farrell-Langley 135 10 400 20 Vertical
2 Tao 20 7 900 10 Vertical
3 St-Jean Baptiste SE 400 5 750 20 Vertical
4 St-Jean Baptiste SW 240 4 750 20 Vertical
5 St-Jean Baptiste NE 100 5 750 10 Vertical
6 St-Jean Baptiste NW 210 5 750 10 Vertical
7 Josh-Justin 380 4 4,000 10 Vertical
Prospector Lake South 8 Farrell-Seguin 100 20 1,000 200 Horizontal
9 At Long Last 25 3 1,000 200 Horizontal
10 Father's Day-Richer-Leduc 5 5 2,000 100 Horizontal
La Blache East 11 Farrell-Mason 230 25 800 800 Horizontal
12 Rochette-Guillemette 210 5 700 900 Horizontal
13 Zodiac 5 3 1,500 3 Vertical
Lac Praslin South and East 14 Karen-Jean 20 3 1,200 10 Vertical
15 Farrell-Karen-Jean 750 5 3,000 50 Horizontal
La Blache West and South 16 Scout's Lens 3 0.5 n/a n/a Horizontal
17 William-Dalton 125 3 1,000 10 Vertical
La Blache #1 18 Hervieux West Extension n/a n/a 1,000 500 Horizontal
La Blache East Ring of Iron-Titanium-Vanadium
La Blache East 11 Farrell-Mason 230 25 800 800 Horizontal
12 Rochette-Guillemette 210 5 700 900 Horizontal
13 Zodiac 5 3 1,500 3 Vertical
1 Lengths and widths were directly observed in surface outcrop by a qualified geologist.
2 Lengths and widths were derived from direct field observations, geological and geophysical interpretations, and lineament and topographic trends.
3 A vertical orientation describes vertical or sub-vertical dykes and veins; whereas a horizontal orientation describes horizontal or sub-horizontal sills, lopoliths and veins.

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