NEVADO Issues an Update on Ongoing Testing of a 200-kg La Blache Sample
March 04 2014 - 6:30AM
Marketwired Canada
NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) ("NEVADO" or the
"Company") is pleased to announce that tests on the 200-kg
titanium-vanadium-iron sample from the La Blache deposit are progressing well at
the facilities of Kunming Metallurgical Research Institute of China Yunnan
Metallurgical Group Co., Ltd. ("Kunming China"). Kunming China has informed the
Company that the report on the Bench-Scale Mineral Processing Study of the La
Blache sample should be ready in the next few weeks.
The main goal of the preliminary study is to establish the process that will
enable NEVADO to economically recover the titanium, vanadium and iron minerals
from its La Blache deposit. Kunming China has its own proprietary process and is
currently conducting tests to optimize the recovery of these metals from the La
Blache deposit.
On May 14, 2012, NEVADO received a NI 43-101 Technical Report on Resources
Estimation of the La Blache project using a base case cut-off grade of 5.1% TiO2
Equivalent, the resources for the La Blache deposit totals 101,700,000 tonnes
grading 18% TiO2, 0.33% V2O5 and 59.7% Fe2O3 (41.76% FeT) in the Inferred
category.
Michael Curtis, President and Chief Executive Officer of NEVADO, said that: "We
are looking forward to receiving Kunming China's report. With positive results,
NEVADO will be that much closer to its goal of recovering the titanium, vanadium
and iron economically. Positive results could also spur project development. As
we have said before, Kunming China is a leader in this sector, with over 60
years of experience in the treatment and recovery of these types of minerals."
About Nevado Resources Corporation
NEVADO is a junior strategic metals company with properties in Northern Quebec.
The Company is currently focused on advancing its world-class La Blache
titanium-vanadium-iron project. NEVADO also owns the Fermont project, a graphite
property adjacent to Focus Graphite's Lac Knife deposit.
This news release was reviewed and approved by Michael Curtis, President and
Chief Executive Officer of NEVADO.
Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. The statements
made in this news release that are not historical facts are "forward-looking
statements" and readers are cautioned that any such statements are not
guarantees of future performance, and that actual developments or results, may
vary materially from those in these "forward-looking" statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Michael Curtis
President and Chief Executive Officer
(514) 303-7895
www.nevadoresources.com
Francois Kalos
SOLAK Communications
(514) 817-9987
fkalos@gmail.com
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