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Nouveau Monde Graphite (TSXV:NOU) announced an updated pit-constrained resource estimate for the West Zone deposit, located at the Tony claim block of the company’s Matawinie graphite project. According to the company, the new estimate “nearly triples” the asset’s indicated resource.
Nouveau Monde Graphite (TSXV:NOU) announced an updated pit-constrained resource estimate for the West Zone deposit, located at the Tony claim block of the company’s Matawinie graphite project. According to the company, the new estimate “nearly triples” the asset’s indicated resource.
As quoted in the press release:
The Current Resource is summarized in Table 1 below and is compared to the previous pit-constrained Mineral Resource Estimate (the “Previous Resource”) first published on a March 2, 2017, press release. The Current Resource is based on a newly acquired land package (see July 5, 2017 press release), the properties’ Prefeasibility Study (refer to the October 25, 2017 press release), on the diamond drilling program completed in January 2018 (refer to the March 1, 2018, press release), new geotechnical data and hydrogeological modelling as well as future market outlook. The results presented here will serve as the basis for a Feasibility Study, scheduled to be completed in Fall of 2018.
Click here to read the full Nouveau Monde Graphite (TSXV:NOU) press release.