Nevado Resources Corporation

Nevado Resources Corporation

May 02, 2012 07:00 ET

NEVADO Discovers Strong Graphite Potential at its Fermont Property

MONTREAL, QUEBEC--(Marketwire - May 2, 2012) -

Editors' note: A map is included with this press release on Marketwire's website.

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or "NEVADO") is pleased to announce that it has identified strong graphite potential in the southern portion of its Fermont claim block, which is favourably situated between Focus Metals' Knife Lake property (measured and indicated resource of 4.97 Mt at 15.67% Cgr) and Standard Graphite's Carheil property, in northeastern Québec.

The Company discovered the presence of a large number of electromagnetic anomalies covering the southern part of the Fermont claim block while reviewing an MRNF survey done in 1990. Many of these anomalies are strong and multi-kilometric in size, which are excellent indicators of the presence of graphite-rich masses. The property's geology setting, which is similar to that of adjoining properties with known graphite potential, is also favourable for graphite mineralization in every respect.

Michael Curtis, NEVADO's President and CEO, stated that: "While we are still at an early stage of exploration, this is a major achievement for the Company, particularly as graphite is increasingly considered as a strategic element. Because of its many uses, demand is growing fast. It is important to note that this property, which was initially acquired for its iron potential, is currently one of the best-positioned properties in the Fermont region in terms of graphite potential. We will begin exploring in the coming weeks to assess the potential of our property."

Click on the following link to view a map of the property:

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.

Martin Lévesque, P. Geo., a consultant for NEVADO and a qualified person under NI 43-101, has reviewed the technical content of this press release.

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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