Resource Update
A major drilling program focused at the
Data compilation will lead to a mineral resource estimate update for this deposit, in accordance with the provisions of National Instrument (NI) 43-101 Standards of Disclosure for Mineral Projects, during the first quarter of 2020.
Data Collection for the Detailed Engineering Phase
This work not only has added to NMG's geological knowledge but also included the collection of geotechnical, geomechanical and hydrogeological data required for the detailed engineering of the Matawinie project. The work included drilling, trenching, sample collections, and the installation of additional on-site observation wells. The targeted areas will be used for the project's future infrastructure, such as the buildings, crusher, concentrator and industrial site, accumulation areas for the co-disposal piles, collection ponds and drainage ditches, main access road, borrow pits and the projected pit. SNC-Lavalin carried out the geotechnical and hydrogeology characterization studies,
“These field campaigns have put us in an excellent position to launch the commercial phase of our project,” explained
The technical information in this news release was reviewed by
About
In 2015,
Moreover, in a perspective of vertical integration and sustainable development, Nouveau Monde is planning to establish a large-scale graphite secondary transformation facility, catering to the needs of the booming lithium-ion battery and expandable graphite markets.
With over 60 years of experience in the world of graphite, Nouveau Monde’s team is developing its project with the utmost respect for neighbouring communities, while favouring a minimal ecological footprint. Nouveau Monde’s project has direct access to the workforce and the infrastructure needed to operate its mining project, and it can also rely on an abundant, affordable source of hydroelectricity, a renewable resource.
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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to generally, or the “About Nouveau Monde Graphite” paragraph which essentially describe the Corporation’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Neither the
Further information regarding Corporation is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.NouveauMonde.ca
Photos accompanying this announcement are available at:
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