Nouveau Monde Completes Successful Magnetic and Electromagnetic Airborne Survey Over its Matawinie Property
March 28, 2013 (Source: Marketwire) — Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde” or the “Company”) (TSX VENTURE:NOU) is pleased to announce that it has completed a combined magnetic and time-domain electromagnetic airborne survey over its Matawinie Property (or the “Property”) located about 140km north of Montreal. As described in the Company’s news release dated February 12th 2013, Nouveau Monde has an option to acquire an undivided 100% interest in the Property which consists of six group of claims located within a 50 km radius in the Matawinie regional area just North of St-Michel-des-Saints, Province of Québec. These claims are located at the Eastern limit of the highly prospective Central Metasedimentary belt of the Grenville geological province, host to many active graphite projects. The host rocks in that region are graphitic crystalline marbles and paragneiss, similar to the host stratigraphy at Timcal’s Lac des Iles graphite mine, currently Canada’s only producing graphite mine.
The airborne survey totalled 1470 line-km over six distinct blocks. Results outlined an impressive total of over 15km of conductive anomalies that are coincident with high-grade carbon graphite values obtained during the 2012 due diligence sampling (see maps at: http://tiny.cc/ocdmuw). The 2012 sampling resulted in the collection of grab samples of up to 19.25% carbon graphite located on the Property. High grade graphite is interpreted to be the most likely source of the main conductors on the Property and targeted prospecting during spring 2013 added to the results of this survey will yield to high quality drill targets for summer 2013.
The airborne survey results were monitored and assessed after each flight by Nouveau-Monde technical team. This ability enabled customizing of the survey design on an ongoing basis by following conductive trends thus optimizing the outcome of the survey. As a result, an additional 57 claims were added to the Property by map staking where significant conductors were detected. The Property now covers a total of 14,573 hectares on 247 mining claims.
Eric Desaulniers, president & CEO of Nouveau Monde, stated: ΓÇƒOur exploration program on the Matawinie property area is a good example of our ability to generate quality projects from grassroot to drill-ready in underexplored territories using our expertise in implementing regional geophysical campaign in the right geological context. We strongly believe that this approach will eventually lead us to a major new discovery.”
The airborne survey was acquired by Prospectair Geosurveys of Gatineau using a Eurocopter EC120 aircraft equipped with a lightweight time-domain electromagnetic systems and a Geometrics magnetometer. This cost effective geophysical configuration is well adapted for reconnaissance surveys with the objective of delineating conductors to a depth of about 150m while maintaining a good spatial resolution.
The technical information in this news release was prepared by Antoine Cloutier, Géo, and reviewed by Joël Dubé, Ing, both are qualified persons under National Instrument 43-101.
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Nouveau Monde is a Gatineau, Quebec based exploration company with a large portfolio of base and precious metals and industrial minerals in the province of Québec. It has adopted a project generator business model that provides the company with exposure to a multitude of projects to be explored and financed by partners while allowing it to carry out relatively low-cost, grassroots-style prospecting and reconnaissance exploration elsewhere while preserving its capital and thus limiting shareholders dilution.
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.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
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