GATINEAU, QUEBEC – Nouveau-Monde mining enterprises (or “Nouveau-Monde”) is pleased to announce the successful completion of a short core drilling program on its Matawinie Property. The campaign was designed to test both the extent at depth of graphite mineralization discovered during ground prospecting in 2014 in the northern sector of the property , as well as a number of distinct, kilometer-scale conductors whose surface investigation is hindered by thick overburden.
The program, performed over the property, consisted of seven boreholes totaling 675.7 m. In total, 135 split-core samples were collected and sent to the ALS Minerals laboratory in Val D’Or, QC, for graphite and multi-element analysis. The results, expected by the end of April, will be instrumental in planning the next development stage on the project. The planned work will consist in definition drilling aimed at measuring 43-101 compliant resource estimate over most promising graphite mineralized bodies on of the Matawinie Property.
MATAWINIE – GRAPHITE
The Matawinie graphite property, located approximately 140 km north of Montreal, is composed of 552 claims totaling 31,682 ha. The claims are distributed in ten distinct claim blocks over an area some 70 km by 60 km.
Exploration work performed by Nouveau-Monde since 2012 have returned impressive results, both in terms of grade and mineralized lengths. A total of 11 boreholes performed In 2013 on the Ti-NOU block returned above 5 % graphitic carbon (“or Cg”) over a minimum length of 5 m. Borehole TN-01 displayed the best results, with 12.2 % Cg over 17.32 m. During a short trenching program executed in 2014 on the Hotel block, channel samples from trench TR-2 proved to average 5.7 % Cg over 22 m. A metallurgical scoping study made by SGS Lakefield on material from this trench revealed that 60.3 % of the resulting concentrate was composed of large flake graphite (greater than 80 mesh) with a purity of 98.5 % total carbon (see 22nd October 2014 press release).
The technical information in this news release was prepared by Eric Desaulniers, MSc, Géo, president and CEO of Nouveau-Monde and a qualified person under National Instrument 43-101.
ABOUT NOUVEAU MONDE
Nouveau Monde is a mining exploration company holding a large portfolio of properties for 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 perform cost effective exploration work while maximizing the chance for major discoveries. Our company is looking to develop its prospects in partnership with the objectives to expose our shareholders to a multitude of potential world-class discoveries.
For further information, please contact:
Éric Desaulniers, MSc, Géo
President and Chief Executive Officer of Nouveau Monde
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Nouveau Monde will not update these forward-looking statements to
reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Nouveau Monde.