NMC Resource Corporation

NMC Resource Corporation

December 06, 2011 08:30 ET

NMC Resource (TSX VENTURE:NRC) Confirms Very High Grade Values on Westward Extension

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2011) - NMC Resource Corporation (TSX VENTURE:NRC) -


  • NMC11-SSA21 intersects 0.75% MoS2 over 9.0 m and 0.55% MoS2 over 5.8 m, better defining very high grade westward extension

  • Drills continue to trace west and down dip extensions

NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce that three exploration holes at the producing NMC Moland Mine in South Korea, support the existence of the high-grade molybdenite mineralization over good widths towards west in the existing deposit. Further drilling is required to see how far the mineralization extends to the west. These three drill holes representing 238 metres intersected the "Main Zone Extension" between the 257 metre level (the second adit) and the 217 metre level (the third adit). All level elevations referred to are metres above sea level. The assay results for three drill holes are summarized in tables below.

NMC11-SSA21 (Location: 397003 mN, 129902 mE, 246 m, Azimuth: 225°, Dip: 0°, Length: 80 m)
Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
Intersection 14.0 - 18.0 4.0 2.6 0.30 0.18
Includes 15.0 - 16.0 1.0 0.6 0.74 0.44
Intersection 20.0 - 29.1 9.1 5.8 0.55 0.33
Includes 23.0 - 24.0 1.0 0.6 2.67 1.60
Intersection 35.0 - 49.0 14.0 9.0 0.75 0.45
Includes 44.0 - 47.0 3.0 1.9 2.20 1.32
NMC11-SSA19 (Location: 397004 mN, 129910 mE, 246 m, Azimuth: 180°, Dip: 0°, Length: 93 m)
Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
Intersection 7.0 - 9.0 2.0 1.9 0.34 0.20
Intersection 17.0 - 18.0 1.0 0.9 0.24 0.14
Intersection 36.0 - 41.0 5.0 4.7 0.23 0.14
Includes 36.0 - 38.0 2.0 1.9 0.43 0.26
NMC11-SSA20 (Location: 397004 mN, 129925 mE, 246 m, Azimuth: 180°, Dip: 0°, Length: 65 m)
Interval (m) Width (m) True width (m) MoS2 (%) Mo (%)
Intersection 0.0 - 8.0 8.0 7.5 0.22 0.13
Includes 0.0 - 1.0 1.0 0.9 0.50 0.30
Intersection 32.5 - 35.5 3.0 2.8 0.21 0.12
Intersection 43.0 - 46.0 3.0 2.8 0.28 0.17

NMC Moland Mine has been in commercial production since April 2010 and continues to provide NMC Resource with a stable revenue stream. The crushing chamber at NMC Moland Mine is located underground, and 100% water is recycled. NMC Moland Mine does not have a tailings pond since all tailings are used as cement making material.

Pulps were shipped from NMC Moland Mine by secure courier to ALS Chemex in North Vancouver, BC, where a representative sample was digested by four acid solution and then analyzed using ICP analysis. Supervision of the drilling and quality control of the sampling and assaying is being conducted by R.S. Middleton, P.Eng., a "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.

About NMC Resource Corporation

NMC Resource Corporation (TSX VENTURE:NRC) is a mining company with two molybdenum assets: NMC Moland Mine in South Korea (a producing Molybdenum mine with an increasing production profile and resource base) and Boss Mountain Mine in British Columbia, Canada. NMC Resource's assets are strategically located to supply the growing demand for Molybdenum from the Asian markets.

On behalf of the board of NMC RESOURCE CORPORATION

Do Hyung Kim; President, Chief Executive Officer 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.


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