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Nouveau Monde Graphite (TSX VENTURE:NOU)(OTCQB:NMGRF)(FRANKFURT:NM9) (“Nouveau Monde“) is pleased to announce that the graphite mineralization in the West Zone of its Matawinie graphite Property has been extended by 165 m to the south following the recent expansion of two of its claims. A total of 18 hectares of land, in which exploration is now permitted, …
Nouveau Monde Graphite (TSX VENTURE:NOU)(OTCQB:NMGRF)(FRANKFURT:NM9) (“Nouveau Monde“) is pleased to announce that the graphite mineralization in the West Zone of its Matawinie graphite Property has been extended by 165 m to the south following the recent expansion of two of its claims.
A total of 18 hectares of land, in which exploration is now permitted, was added to these claims after high-level negotiations with Hydro-Quebec and the “Ministère de l’Énergie et des Ressources Naturelles”. Importantly, the mineralization intersected in this new area remains open to the south, to the north and at depth. Additional drilling is planned later this Fall to further increase the West Zone Mineral Resource Estimate.
Eric Desaulniers, President and CEO of Nouveau Monde commented:
“I am very pleased that we have secured this additional land package as it is the extension of our existing West Zone resource. Our initial drilling in this new area has yielded immediate results and we are seeing the longest mineralized intersection to date in the West Zone at a higher grade than the current resource estimate.
Importantly, this area has very little overburden and outcrops significantly, making for easier access and lower mining costs than other areas of the current pit. This coupled with the higher grade and strike length should positively impact future mineral resource updates on our West Zone and our future project economics.”