Molybdenum

NMC Resource Corporation (TSXV:NRC) announced an updated mineral estimate from the Moland Mine indicating higher resources.

NMC Resource Corporation (TSXV:NRC) announced an updated mineral estimate from the Moland Mine indicating higher resources.

As quoted in the press release:

At a potentially economic cut-off of 0.14% MoS2, total Indicated mineral resources are 1.669 million tonnes grading 0.35% MoSand the Inferred mineral resources are approximately 2.094 million tonnes grading 0.32% MoS2, which reflects a considerable increase in tonnage compared to the previous October 2009 mineral resource estimate.

NMC’s Executive VP and Director, Do Hyung Kim said:

“We are very pleased to see the mineral resource more than double, even using a 40% higher cut-off grade than the previous resource estimate. KORES (Korea Resource Corporation) continues to sponsor our deep drilling exploration and we will notify the market of results when they are received.”

Click here to read the NMC Resource Corporation (TSXV:NRC) press release.

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