Nouveau Monde Announces the Discovery of Important High Grade Flake Graphite Zone on Its Matawinie Property
GATINEAU, QUEBEC--(Marketwired - July 8, 2013) - Nouveau Monde Mining Enterprises Inc. ("Nouveau Monde") (TSX VENTURE:NOU) is pleased to report the assay results of its recent prospecting and surface sampling exploration program on the Matawinie graphite Property (or the "Property") located in the St-Michel-des-Saints area, some 140 km North of Montreal, Québec. The field work, conducted in late May of 2013, targeted electromagnetic anomalies provided by the regional airborne geophysical survey carried-out earlier this year by Nouveau-Monde (See March 26th 2013 Press Release).
Channel sampling on the Property returned 15.16 % Cg over 5 m. Five (5) consecutive samples, each measuring 1 m in length and approximately 4 cm in width, were collected on the Ti-Nou showing located on the property block sharing the same name (Table 1). The channel samples were oriented perpendicular to the foliation observed in the host paragneiss outcrop. The channel samples were cut at the bottom of a hand-dug trench measuring a total of 5 m in lengh, 1 m in width and having an average depth of 0.9 m. This trench is easily accessed by vehicle and located on the side of a forestry road. Graphite mineralization at the bottom of the trench is open in all directions and is coincident to an electromagnetic airborne anomaly measuring about 2 km by 250 m.
Table 1: Summary of results from the channel samples collected over a length of 5 m on the Ti-Nou graphite showing.
A total of 33 grab samples from graphite-bearing paragneiss outcrop and subcrop were collected in late May over 4 blocks forming the Matawinie Property. Of those grab samples, nine (9) returned significant results ranging from 5.08 % Cg to 16.8 % Cg (significant results are defined as greater than 5 % Cg for the purpose of this press release). These results further expanded the graphite mineralization observed in the area during a reconnaissance property visit made in 2012.
Table 2. Summary of significant results of grab samples collected during the May 2013 prospecting and sampling exploration program:
All samples were analyzed by ALS Minerals of North Vancouver (B-C), under the laboratory internal analytical code C-IR06. This type of analysis uses a LECO analyzer which measures the organic carbon contained in a rock sample. It is assumed that all organic carbon measured by the LECO analyzer is from graphite contained within a sample.
The Matawinie Property consists of six group of claims located about 140 km north of Montreal. The claims are contained within a 50 km radius just North of St-Michel-des-Saints in the Matawinie regional county municipality, Province of Québec. Nouveau Monde has an option to acquire 100% interest in the property (see February 12th 2013 press release for details). 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.
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 remote sensing and geophysical campaigns in the right geological context. The excellent exploration results achieved during the ground follow-up phase are leading us to start a drilling campaign in the upcoming weeks."
QUALITY CONTROL AND QUALITY ASSURANCE
The Matawinie property exploration program was supervised by Antoine Cloutier, Géo (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, quality control (or QA/QC) program. Verification, preparation and sample submittal for the May 2013 prospecting campaign was completed by M. Cloutier.
All samples were analyzed for organic carbon (Cg) content by a LECO analyzer (ALS code; C-IR06) at the ALS Minerals laboratory located in North Vancouver (B-C), Canada. This laboratory is accredited with the ISO 9001:2008 and ISO 17025 certifications. Sulfur (or "S") as well as a suite of elements was analyzed by ALS Minerals using ICP-AES and ICP-MS methods (ALS laboratory code; ME-MS61) following total digestion by four acid; perchloric, nitric, hydrofluoric and hydrochloric.
The technical information in this news release was prepared by Antoine Cloutier, Géo, and reviewed by Eric Desaulniers, MSc, Géo, President and Chief Executive Officer of Nouveau Monde, both are qualified persons under National Instrument 43-101.
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 to hit that game changing deposits. This leverage transforms every dollar spent by Nouveau Monde in many dollars of exploration on our properties.
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.
Nouveau Monde Mining Enterprises Inc.
Eric Desaulniers, MSc, Geo
President and Chief Executive Officer
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