NMC Resource Reports Increased Q2 Production Results at Moland Mine
19 Julho 2012 - 9:30AM
Marketwired Canada
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICES
NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to
announce successful production increase at its NMC Moland Mine ("Moland") in
South Korea. Commencing April, 2012, NMC Resource implemented a production
ramp-up targeting a 20% increase from last year's daily throughput. During the
second quarter of 2012, the daily throughput reached 1,109 tonnes, a 27%
increase compared to 876 tonnes in 2011. The throughput increase exceeded the
target by 7%. For the same period, NMC Resource produced 199 tonnes of
molybdenum concentrate, a 15% increase compared to 172.5 tonnes, quarterly
average of 2011.
2011
Quarterly 2012 2012
Average Q1 Q2
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Ore milled (T) 66,386 62,403 83,210
Mill head grade (% MoS2) 0.29 0.31 0.26
Recovery (%) 89 88 88
Molybdenum concentrate produced (DMT MoS2) 172.5 172 199
Daily throughput (T) 876 832 1,109
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About NMC Resource Corporation
NMC Resource Corporation (TSX VENTURE:NRC) is a mining company with two
molybdenum assets: NMC Moland Mine ("Moland") in South Korea and Boss Mountain
Mine ("Boss Mountain") in British Columbia, Canada. Moland started commercial
production in April 2010 and a new technical report was filed in December 2011
with an updated resource. An active resource expansion drill program continues
at Moland. Resource expansion drilling program requiring deep drill holes has
been sponsored by KORES (Korea Resources Corporation, a state-owned mining
company). Boss Mountain is a past molybdenum producer. NMC Resource is currently
assessing historical data from 247 drill holes completed by the last mine
operator Noranda Mines Ltd.
On behalf of the board of NMC RESOURCE CORPORATION
Yoo Sup Han; Chief Operating Officer and Director
Forward-Looking Statements: This news release includes certain forward-looking
information and forward-looking statements (collectively "Forward-Looking
Statements") concerning the future performance of the Company's business,
operations and financial performance and condition, as well as management's
objectives, strategies, beliefs and intentions. Forward-Looking Statements are
frequently identified by such words as "may", "will", "plan", "expect",
"anticipate", "estimate", "intend" and similar words referring to future events
and results. Forward-Looking Statements are based on the current opinions and
expectations of management. All Forward-Looking Statements are inherently
uncertain and subject to a variety of risks and uncertainties, including the
speculative nature of mineral exploration and development generally and
specifically in respect of the interpretation of the geology, continuity, grade
and size of mineral deposits, unanticipated operational or technical
difficulties, fluctuating commodity prices, competitive risks and the
availability of financing, changes in laws or regulations, changes in the
financial markets and changes in general economic conditions, as described in
more detail in our recent securities filings available at www.sedar.com. Such
Forward-Looking Statements are based on a number of assumptions, including but
not limited to the level and volatility of the price of molybdenum, the
availability of financing, the accuracy of reserve and resource estimates and
the assumptions on which those estimates are based and the ability to achieve
and maintain certain operational efficiencies. Should one or more risks and
uncertainties materialize or should any assumptions prove incorrect, then actual
events or results may differ materially from those expressed or implied in the
Forward Looking-Statements and we caution against placing undue reliance
thereon. We assume no obligation to revise or update these Forward-Looking
Statements, except as required by applicable law.
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