NMC Resource Corporation
TSX VENTURE : NRC

NMC Resource Corporation

July 28, 2011 09:00 ET

NMC Reports Increase in Molybdenum Values at NMC Moland Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2011) - NMC Resource Corporation (TSX VENTURE:NRC) (the "Company") is pleased to announce the reassay results of a series of drill holes, which were drilled at the NMC Moland Mine by KORES (Korea Resources Corporation). The reassay has been completed using four acid digestion and ICP resulting in higher molybdenum grade as compared to assay results using aqua regia (3 acid) digestion and ICP (as previously announced in news releases filed on January 26, 2011, November 17, 2010 and September 22, 2010). The four acid method was found to give an improved digestion of the sample to release the actual total molybdenum content.

Project Link: http://www.nmcresource.com/s/Moland-Mine.asp

NMK drill holes proved the down dip extent of the molybdenum mineralization below 217ML. Additional assaying of all new underground holes near the 257 ML and 217 ML is in progress. The currently filed NI 43-101 covers the deposit only above 257ML. NMC Resource intends to update the resource estimate in the downward extension of the NMC Moland deposit.

The CEO of NMC Resource, Yoo Sup Han stated, "We are excited to report an increase in Molybdenum values over our previously announced assay results. Particularly it is notable that while the current working area is skarn zone, NMK10-6 hole intersected very high grade porphyritic zone, 0.3960% MoS2 over 35 meters. This strongly implies that it is worth exploring further along the strike."

The NMC Moland Mine has been in commercial production since April 2010 and continues to provide the company with a secure revenue stream.

Pulps were prepared by ALS Chemex Lab in North Vancouver, B.C. and ground to -200 mesh. The pulps were re-homogenized prior to four acid digestion and ICP analysis at ALS Chemex Lab. Supervision of the assaying is being conducted by R. S. Middleton, P.Eng., who is acting as the "qualified person" as that term is defined in National Instrument 43-101. R. S. Middleton has reviewed and approved the technical information set out in this news release.

The reassay results with updated intervals are as follows: (cutoff grade: 0.1% MoS2)

NMK 06-1

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
196.3-208.5 12.2 11.8 0.2866 0.1719
218.3-249.6 31.3 30.2 0.3425 0.2054
264.0-271.8 7.8 7.5 0.4010 0.2405
275.8-282.2 6.4 6.2 0.2065 0.1238
287.8-289.8 2.0 * 0.2987 0.1791
295.0-296.5 1.5 * 0.6371 0.3820

NMK 06-3

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
240.9-263.2 22.3 20.7 0.2725 0.1634

NMK 10-1

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
0-7 7.0 1.8 0.1890 0.1133
9.3-12 2.7 * 0.2894 0.1735
24-27 3.0 * 0.2260 0.1355
43-48 5.0 * 0.1820 0.1091
63-72 9.0 3.8 0.3023 0.1813
74-108 34.0 19.5 0.4277 0.2565

NMK 10-2

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
15-16 1.0 * 0.4886 0.2930
19-26.2 7.2 5.5 0.1986 0.1191
41.8-45.4 3.6 3.4 0.5642 0.3383

NMK 10-3

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
35-40 5.0 3.8 0.2372 0.1422

NMK 10-4

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
9-13.8 4.8 1.6 0.1434 0.0860
25-31 6.0 5.9 0.2259 0.1355
41.2-45.5 4.3 4.2 0.2977 0.1785
69.2-73 3.8 2.9 0.1894 0.1136

NMK 10-5

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
36-40 4.0 4.0 0.1713 0.1027
44-52 8.0 8.0 0.3501 0.2099
64.1-70 5.9 5.8 0.3640 0.2183

NMK 10-6

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
12-26 14.0 5.9 0.2717 0.1629
75-79 4.0 1.7 0.1824 0.1094
135-170 35.0 20.1 0.3960 0.2375

NMK 10-7

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
3-16.2 13.2 12.0 0.2432 0.1458
31-33.1 2.1 2.0 0.1996 0.1197
38-45.8 7.8 7.5 0.2332 0.1398
105-108 3.0 2.7 0.1575 0.0944
112.3-118 5.7 5.1 0.2442 0.1464
130-132.2 2.2 2.0 0.2995 0.1796
145-147.7 2.7 2.4 0.4783 0.2868

NMK 10-8

Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
30.6-37.2 6.6 1.7 0.2082 0.1248
53.2-56 2.8 2.3 0.1999 0.1199
69-72.1 3.1 2.5 0.1446 0.0867
135-140 5.0 2.1 0.2348 0.1408
141-144.7 3.7 1.6 0.2422 0.1452

Note: *Estimated true width is 60% of sample length. Other true widths are measured.

The Company is listed on the TSX-Venture Exchange under the symbol (NRC).

On behalf of the board of NMC RESOURCE CORPORATION

Yoo Sup Han, President and Director

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. 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

  • Ethos Consulting
    Toll Free: 1-888-818-1365

    NMC Resource Corporation
    DH (Do Hyung) Kim
    (604) 643-1730
    (604) 642-6192 (FAX)
    www.nmcresource.com