Enduro Metals

Nouveau Monde Graphite Acquires Significant Land Package Contiguous to Matawinie Project

MONTREAL, QUEBEC--(Marketwired - July 5, 2017) - Nouveau Monde Graphite Inc. (TSX VENTURE:NOU)(OTCQB:NMGRF)(FRANKFURT:NM9) ("Nouveau Monde") is pleased to announce that the graphite mineralization in the West Zone of its Matawinie graphite Property has been extended by 165 m to the south following the recent expansion of two of its claims. A total of 18 hectares of land, in which exploration is now permitted, was added to these claims after high-level negotiations with Hydro-Quebec and the "Ministère de l'Énergie et des Ressources Naturelles". Importantly, the mineralization intersected in this new area remains open to the south, to the north and at depth. Additional drilling is planned later this Fall to further increase the West Zone Mineral Resource Estimate.

Eric Desaulniers, President and CEO of Nouveau Monde commented, "I am very pleased that we have secured this additional land package as it is the extension of our existing West Zone resource. Our initial drilling in this new area has yielded immediate results and we are seeing the longest mineralized intersection to date in the West Zone at a higher grade than the current resource estimate. Importantly, this area has very little overburden and outcrops significantly, making for easier access and lower mining costs than other areas of the current pit. This coupled with the higher grade and strike length should positively impact future mineral resource updates on our West Zone and our future project economics."

As detailed in a press release dated March 2nd, 2017, the present pit-constrained Mineral Resource Estimate for the West Zone, not including the drill hole intercepts presented today, stands at 32.9 Mt @ 4.5 % Cg in the Indicated Category and 0.2 Mt @ 4.84 % Cg in the Inferred Category.

Following authorization from Hydro-Quebec, four NQ size boreholes totalling 760.6 m were drilled in the newly expanded claims during Fall 2016. The significant results are presented in the following table (Table 1):

Table 1. Significant results from drilling over the expanded claims.

Section Hole From (m) To (m) Mineralized Length (m)* Grade (Cg)**
W-0200 TO-16-98 72.2 204 131.8 4.8
250.45 284.1 33.65 4.67
TO-16-115 44.5 71.9 27.4 4.16
74 105.4 31.4 4.99
W-0100 TO-16-116 50.4 79.5 29.1 3.72
128.1 147.5 19.4 4.41
*Mineralized length represents the length along the drill hole and is not indicative of the true width of the mineralization which needs additional drilling for proper interpretation.
** Graphitic carbon (Cg), was measured using a LECO analyser (ALS code; C-IR18) at the ALS Minerals laboratory in North Vancouver (BC), Canada.

The following files can be downloaded in support to this press release:

Property location map
Nouveau Monde Graphite 7 5 2017 1

West Zone close up location map
Nouveau Monde Graphite 7 5 2017 2

Section W-0200
Nouveau Monde Graphite 7 5 2017 3

Other Developments

Nouveau Monde is aggressively advancing its Matawinie graphite Property on numerous fronts. It has completed a first round of geotechnical drilling in June. This was required to further optimize its mine plan. A hydrogeology field program is scheduled to start on July 3rd, it aims to characterize groundwater movement within the proposed pit. Results from environmental geochemistry test work have been received and will be incorporated in its prefeasibility study due for release in September 2017.

Desaulniers continued, "I am looking forward to publishing our new economic numbers in September which will highlight the value of our exceptional graphite deposit. Though the new mineralized zone will not be included in that study it will be included in future studies and is blue sky for our investors looking to see continuous improvements in future project economics."

Quality Control and Quality Assurance

The drilling program discussed in this Press Release was supervised by Bernard-Olivier Martel, P.Geo. (Québec), B.Sc. A strict protocol, including the insertion of duplicate and blank samples within the sample stream was adopted as part of a quality assurance and quality control (QA/QC) program. Graphite standards were also included within the core sampling protocol. Duplicate, blank and graphite standard sample results returned values within acceptable limits.

Mineralized core samples were chosen for analysis by Mr. Bernard-Olivier Martel. The mineralized drill core was split into quarters using a rock saw. The quarter core samples were then individually bagged and sent for analysis, and the remaining core was kept as a reference and for possible metallurgical testing. Samples were analyzed for graphitic carbon (Cg) content by a LECO analyzer (ALS code; C-IR18) at the ALS Minerals laboratory in North Vancouver (BC), Canada. This laboratory is ISO 9001:2008 and ISO 17025 accredited.

About Nouveau Monde

In 2015, Nouveau Monde discovered a graphite deposit on its Tony claim block, part of its wholly owned Matawinie graphite Property. This discovery resulted in the publishing of a Preliminary Economic Assessment, completed according to NI 43-101 guidelines, in June of 2016. This study demonstrated strong economics with a planned production of 50,000 tpy of high purity flake graphite over a period of 25.7 years which is expected to provide a solid operational margin and relatively low capital expenditures (see press release dated June 22, 2016). The Mineral Resource Estimate has since been updated, the current resource stands at 32.9 Mt grading 4.50% graphitic carbon (or "Cg") for the Indicated Category and 0.2 Mt grading 4.84 % Cg in the Inferred Category (see Press Release dated March 2, 2017). A prefeasibility study is currently underway targeting Nouveau Monde's West Zone deposit. The project is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Quebec, Canada. It has direct access to all needed infrastructure, labour as well as green and affordable hydroelectricity. Nouveau Monde is developing its project with the highest corporate social responsibility standards while targeting a low environmental footprint (targeting a net zero carbon emission operation).

Follow the link below to subscribe to our stakeholder news feed: http://nouveaumonde.us12.list-manage.com/subscribe?u=f5e3304c32bfb54992fd9acce&id=603de466df

The technical information presented in this news release was prepared by Antoine Cloutier, P. Geo., Chief Geologist of Nouveau Monde Graphite and Qualified Person as defined by NI 43-101.


Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

Nouveau Monde Graphite

Last Trade: C$14.70
Daily Change: 1.26 9.38
Daily Volume: 73,127
Market Cap: C$544.780M
Nouveau Monde Nominates Andrew Willis to its Board of Directors and Releases its Inaugural Annual Report
Nouveau Monde Graphite Provides Clarification on a Prior News Release
Nouveau Monde Graphite Confirms Its Firm Commitment to Achieving Past, Present & Future Carbon Neutrality, by Launching Its Climate Action Plan for a Zero-Carbon Footprint
Nouveau Monde Announces Appointment of Leading Global Advanced Graphite Materials Expert, Dr. Jürgen Köhler, to its Board of Directors as it Advances its Lithium-Ion Battery Anode Material Production Strategy
Nouveau Monde Graphite Announces Application to List on the NYSE and Filing of Preliminary Base Shelf Prospectus
Following Overwhelming Shareholder Support, Nouveau Monde Graphite Announces Share Consolidation in Further Preparation for Potential U.S. Listing
UPDATE - Nouveau Monde Announces Phase 2 of What Is Planned to Become North America’s Largest Fully Integrated Anode Material Production Facility – Supported by Strong Economics and Carbon Neutrality
Nouveau Monde Graphite Announces Phase 2 of What Is Planned to Become North America’s Largest Fully Integrated Anode Material Production Facility – Supported by Strong Economics and Carbon Neutrality
NanoXplore Announces Appointment of New Board Member
Nouveau Monde Graphite is Proud to Be Recognized as a TSX Venture Top 50 Company
Nouveau Monde Announces Evaluation of Additional Listing on a Major U.S. Stock Exchange and Special Meeting of Shareholders
Nouveau Monde Announces the Successful Closing of the Previously Announced C$5.75 Million Private Placement Offering


Clarity Gold

Clarity Gold is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Canada that offer significant exploration potential. The Company is focused on exploration of its... LEARN MORE