GATINEAU, QUEBEC--(Marketwired - April 4, 2014) - Nouveau Monde Mining Enterprises Inc. ("Nouveau Monde") (TSX VENTURE:NOU) is pleased to announce the upcoming exploration program scheduled to start later this Spring on its Matawinie graphite property. The program will consist of a 3000 m drilling campaign with the objective of defining a NI 43-101 compliant resource estimate over the Ti-Nou high grade graphite mineralized zone. This program was designed to follow-up the excellent drilling and trenching results obtained in the area during the fall of 2013. Drilling will focus over an area measuring approximately 500 m long by 100 m wide by 100 m depth where initial interpretation from the 2013 work, as well as recent ground geophysical data, suggests the presence of two to three tightly folded multi to decametric graphite layers. A detailed induced-polarization survey and a borehole geophysical survey are presently underway and will help to have a better understanding of the shape and size of the mineralized zone prior to the drill program.
Concurrent to the resource definition drilling campaign on the Ti-Nou zone, Nouveau Monde will systematically follow up on a total of over 30 linear km of prospective graphite targets in the Matawinie area based on recently acquired regional heliborne magnetic and electromagnetic data. These targets are prioritized based on the knowledge of the distinctive geophysical signature of the Ti-Nou showing. Ground work will be supported using a proprietary portable TDEM system to delineate potential mineralized zones for timely stripping, trenching and sampling. The objective is to discover additional high-grade surface graphite mineralization containing jumbo flakes similar to the Ti-Nou showing.
Eric Desaulniers, President & CEO of Nouveau Monde stated: 'We are confident that our effective, systematic and educated exploration approach within a 5000 km² area located near all infrastructures and in a known producing graphite mining camp is the right strategy to generate a massive economic graphite portfolio.'
The technical information in this news release was prepared by Eric Desaulniers, MSc, geo, president & CEO and reviewed by Antoine Cloutier, geo, consultant for Nouveau-Monde. Both are qualified persons under National Instrument 43-101.
Stock options
Nouveau Monde granted 650,000 stock options to directors, officers and consultants at an exercise price of 0.20$ per share for a period of 5 years. The Corporation has granted 450,000 stock options to directors and officers divided amongst Mr. Rob Bryden (director), Mr. Ian Bliss (director), Mr. Jacques Letendre (director), Mr. Eric Desaulniers (director and president) and Mr. Martin Nicoletti (chief financial officer) and 200,000 stock options divided amongst three consultants of Nouveau Monde. These options were granted in accordance with the terms of the current stock option plan of the Corporation.
About Nouveau Monde
Nouveau Monde is a mining exploration company holding a large portfolio of base and precious metals and industrial minerals in the province of Québec. Our business model is based on the generation of projects in new underexplored territories using the most advanced remote sensing and geophysical tools available in the industry. Our expertise with these modern tools allows us to save on exploration cost leading to much efficient area coverage to maximize discovery chances. Our company is looking to develop its prospects in partnership with the objectives to expose our shareholders to a multitude of possibilities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.
Contact Information:
President and Chief Executive Officer of Nouveau Monde
(819) 923-0333