Nevado Resources Corporation
TSX VENTURE : VDO
FRANKFURT : NSV

Nevado Resources Corporation

March 01, 2012 07:00 ET

NEVADO Releases Farrell-Taylor Assay Results From the Q3-Q4/2011 Helicopter-Supported Diamond Drilling Campaign at the La Blache Iron-Titanium-Vanadium Project

- FT-11-01 intersected 108.6 metres of massive oxides grading 66.9% Fe2O3 (46.8% FeT), 20.6% TiO2 and 0.38% V2O5, included in a combined massive and disseminated oxides interval of 240 metres grading 44.4% Fe2O3 (44.4% FeT), 13.3% TiO2 and 0.22% V2O5

- One additional hole, FT-11-02 intersected 75.3 metres of massive oxides grading 68.3% Fe2O3 (47.8% FeT), 21.6% TiO2 and 0.38% V2O5, included in a combined massive and disseminated oxides interval of 144 metres grading 49.3% Fe2O3 (34.5% FeT), 15.1% TiO2 and 0.25% V2O5

MONTREAL, QUEBEC--(Marketwire - March 1, 2012) - NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or "NEVADO") is pleased to announce new assay results from the Q3-Q4/2011 helicopter-supported diamond drilling campaign at the Company's wholly-owned La Blache Iron-Titanium-Vanadium Project (the "Project"). The drilling campaign totalled 12,603 metres in 36 drill holes covering 6 occurrences: Farrell-Taylor, Farrell-Mason, Leduc-Farrell, Hervieux East Extension, E. Girard and La Blache West-N. Tarbouche occurrences. Interval assay results are now available for the Farrell-Taylor Occurrence.

Farrell-Taylor Occurrence Assay Results

NEVADO drilled 6,843 metres in 13 holes at the eastern end of the 1,500 metres long, 550 metres wide and 115 metres high occurrence. NEVADO had already drilled 9,618 metres in 32 holes along the western segment of the occurrence during the winter 2010-2011 drilling campaign. The objective was to delineate the oxide mineralization along the remaining 500 metres of projected depth extension of the occurrence as outlined by the geophysical model.

Interval assay results from drill holes FT-11-01 to 13 are summarized in the following table:

DDH # AZIMUTH/
DIP (degrees)/
LENGTH (m)
MASSIVE
OXIDES
(m)
(1)
%
Fe
2O3
%
Fe
T
%
TiO
2
%
V
2O5(2)
SECTION D-D' (600METRES WEST OF FARRELL-TAYLOR SHOWING)
FT-11-10 350 / -75 / 538 n/a
SECTION E-E' (530 METRES WEST OF FARRELL-TAYLOR SHOWING)
FT-11-01 330/ -75 / 509 108.6 66.9 46.8 20.6 0.38
240.0(3) 44.4 31.1 13.3 0.22
FT-11-02 330 / -75 / 500 75.3 68.3 47.8 21.6 0.38
143.6(3) 49.3 34.5 15.1 0.25
FT-11-03 330 / -75 / 482 7.6(4) 68.2 47.7 22.2 0.39
201(3) 16.3 11.4 5.1 0.05
FT-11-05 330/ -75 / 497 78.0 56.8 39.7 17.4 0.32
112.0(3) 46.1 32.2 13.7 0.24
FT-11-11 334 / -75 / 523 9.9 65.0 45.5 20.2 0.36
SECTION F-F' (300 METRES WEST OF THE FARRELL-TAYLOR SHOWING)
FT-11-04 350 / -75 / 495 22.9 61.9 43.3 18.3 0.33
188.6(3) 20.2 14.0 5.9 0.09
FT-11-06 350 / -75 / 585 17.8 41.8 29.3 12.7 0.21
19.3(3) 41.9 29.3 12.6 0.21
FT-11-07 340 / -75 / 618 4.0 61.4 42.9 18.8 0.32
100.0(3) 27.2 19.1 7.68 0.09
46.9 assays pending
75.4(3) assays pending
FT-11-08 350 / -75 / 510 77.0 55.2 38.6 16.8 0.31
138.6(3) 41.5 29.0 12.2 0.21
56.3 62.7 43.9 18.4 0.04
110.5(3) 44.4 31.0 13.1 0.03
FT-11-12 350 / -75 / 502 29.7 59.4 41.6 18.3 0.33
SECTION G-G' (150 METRES WEST OF THE FARRELL-TAYLOR SHOWING)
FT-11-09 350 / -75 / 544 n/a
FT-11-13 350 / -75 / 545 19.3 64.9 45.4 20.1 0.33
78.7(3) 35.2 24.6 10.5 0.16
Notes:
(1) Core lengths in metres of massive oxides.
(2) V2O5 assay results reported here used the ME-MS61 preparation (4-acid digestion) and assay method.
(3) Wider intervals include disseminated (>10%), vein and semi-massive oxides mineralization surrounding the massive oxides.
(4) It consists of two intervals of 4.1 and 3.5 metres within a wider interval of disseminated, vein and semi-massive oxides mineralization.
n/a - not present or drilled above the oxide mineralization.

Mr. Michael Curtis, NEVADO's President and CEO, stated "The current and previous drilling was successful in delineating the full extent of the massive and disseminated oxides mineralization at Farrell-Taylor, which can now be confirmed as an east-southeast shallow plunging mineralized lens, from near surface to -500 metres vertical depth, having a 1.5 km strike length, a 300-500 metres width, and averaging more than 100 metres in height. On the basis of these very encouraging results, the next phase will be to complete, by the end of the second quarter of 2012, a NI 43-101 mineral resource estimate of the entire massive and disseminated Iron, Titanium and Vanadium oxides mineralization."

Nevado anticipates the remaining assays to be compiled and announced in the next 10 days.

For our previous results please visit our website at www.nevadoresources.com

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 2,318 mineral claims or an equivalent of 1,227 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. To date, NEVADO has drilled 68 holes totalling 22,221 metres on the Project, of which 45 holes for 16,461 metres were drilled on the most extensive oxides mineralization found to date at the highly prospective Farrell-Taylor Occurrence.

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.

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.

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