Nouveau Monde Announces Upcoming Exploration Program on Matawinie and the Grant of Stock Options
04 Aprile 2014 - 3:45PM
Marketwired
Nouveau Monde Announces Upcoming Exploration Program on Matawinie
and the Grant of Stock Options
GATINEAU, QUEBEC--(Marketwired - Apr 4, 2014) - Nouveau Monde
Mining Enterprises Inc. ("Nouveau Monde") (TSX-VENTURE:NOU) is
pleased to announce the upcoming exploration program scheduled to
start later this Spring on its Matawinie graphite property. The
program will consist of a 3000 m drilling campaign with the
objective of defining a NI 43-101 compliant resource estimate over
the Ti-Nou high grade graphite mineralized zone. This program was
designed to follow-up the excellent drilling and trenching results
obtained in the area during the fall of 2013. Drilling will focus
over an area measuring approximately 500 m long by 100 m wide by
100 m depth where initial interpretation from the 2013 work, as
well as recent ground geophysical data, suggests the presence of
two to three tightly folded multi to decametric graphite layers. A
detailed induced-polarization survey and a borehole geophysical
survey are presently underway and will help to have a better
understanding of the shape and size of the mineralized zone prior
to the drill program.
Concurrent to the resource definition drilling campaign on the
Ti-Nou zone, Nouveau Monde will systematically follow up on a total
of over 30 linear km of prospective graphite targets in the
Matawinie area based on recently acquired regional heliborne
magnetic and electromagnetic data. These targets are prioritized
based on the knowledge of the distinctive geophysical signature of
the Ti-Nou showing. Ground work will be supported using a
proprietary portable TDEM system to delineate potential mineralized
zones for timely stripping, trenching and sampling. The objective
is to discover additional high-grade surface graphite
mineralization containing jumbo flakes similar to the Ti-Nou
showing.
Eric Desaulniers, President & CEO of Nouveau Monde stated:
'We are confident that our effective, systematic and educated
exploration approach within a 5000 km² area located near all
infrastructures and in a known producing graphite mining camp is
the right strategy to generate a massive economic graphite
portfolio.'
The technical information in this news release was prepared by
Eric Desaulniers, MSc, geo, president & CEO and reviewed by
Antoine Cloutier, geo, consultant for Nouveau-Monde. Both are
qualified persons under National Instrument 43-101.
Stock options
Nouveau Monde granted 650,000 stock options to directors,
officers and consultants at an exercise price of 0.20$ per share
for a period of 5 years. The Corporation has granted 450,000 stock
options to directors and officers divided amongst Mr. Rob Bryden
(director), Mr. Ian Bliss (director), Mr. Jacques Letendre
(director), Mr. Eric Desaulniers (director and president) and Mr.
Martin Nicoletti (chief financial officer) and 200,000 stock
options divided amongst three consultants of Nouveau Monde. These
options were granted in accordance with the terms of the current
stock option plan of the Corporation.
About Nouveau Monde
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
The statements herein that are not historical facts are
forward‐looking statements. These statements address future events
and conditions and so involve inherent risks and uncertainties.
Actual results could differ from those currently projected. The
Corporation does not assume the obligation to update any
forward‐looking statement.
Eric Desaulniers, MSc, GeoPresident and Chief Executive Officer
of Nouveau Monde(819) 923-0333
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