NEVADO Releases Farrell-Taylor Assay Results From the Q3-Q4/2011 Helicopter-Supported Diamond Drilling Campaign at the La Bla...
01 Março 2012 - 8:00AM
Marketwired Canada
NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or
"NEVADO") is pleased to announce new assay results from the Q3-Q4/2011
helicopter-supported diamond drilling campaign at the Company's wholly-owned La
Blache Iron-Titanium-Vanadium Project (the "Project"). The drilling campaign
totalled 12,603 metres in 36 drill holes covering 6 occurrences: Farrell-Taylor,
Farrell-Mason, Leduc-Farrell, Hervieux East Extension, E. Girard and La Blache
West-N. Tarbouche occurrences. Interval assay results are now available for the
Farrell-Taylor Occurrence.
Farrell-Taylor Occurrence Assay Results
NEVADO drilled 6,843 metres in 13 holes at the eastern end of the 1,500 metres
long, 550 metres wide and 115 metres high occurrence. NEVADO had already drilled
9,618 metres in 32 holes along the western segment of the occurrence during the
winter 2010-2011 drilling campaign. The objective was to delineate the oxide
mineralization along the remaining 500 metres of projected depth extension of
the occurrence as outlined by the geophysical model.
Interval assay results from drill holes FT-11-01 to 13 are summarized in the
following table:
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AZIMUTH/ MASSIVE
DIP (degrees)/ OXIDES % % % %
DDH # LENGTH (m) (m)(1) Fe2O3 FeT TiO2 V2O5(2)
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SECTION D-D' (600METRES WEST OF FARRELL-TAYLOR SHOWING)
----------------------------------------------------------------------------
FT-11-10 350 / -75 / 538 n/a
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SECTION E-E' (530 METRES WEST OF FARRELL-TAYLOR SHOWING)
----------------------------------------------------------------------------
FT-11-01 330/ -75 / 509 108.6 66.9 46.8 20.6 0.38
---------------------------------------------------
240.0(3) 44.4 31.1 13.3 0.22
----------------------------------------------------------------------------
FT-11-02 330 / -75 / 500 75.3 68.3 47.8 21.6 0.38
---------------------------------------------------
143.6(3) 49.3 34.5 15.1 0.25
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FT-11-03 330 / -75 / 482 7.6(4) 68.2 47.7 22.2 0.39
---------------------------------------------------
201(3) 16.3 11.4 5.1 0.05
----------------------------------------------------------------------------
FT-11-05 330/ -75 / 497 78.0 56.8 39.7 17.4 0.32
---------------------------------------------------
112.0(3) 46.1 32.2 13.7 0.24
----------------------------------------------------------------------------
FT-11-11 334 / -75 / 523 9.9 65.0 45.5 20.2 0.36
----------------------------------------------------------------------------
SECTION F-F' (300 METRES WEST OF THE FARRELL-TAYLOR SHOWING)
----------------------------------------------------------------------------
FT-11-04 350 / -75 / 495 22.9 61.9 43.3 18.3 0.33
---------------------------------------------------
188.6(3) 20.2 14.0 5.9 0.09
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FT-11-06 350 / -75 / 585 17.8 41.8 29.3 12.7 0.21
---------------------------------------------------
19.3(3) 41.9 29.3 12.6 0.21
----------------------------------------------------------------------------
FT-11-07 340 / -75 / 618 4.0 61.4 42.9 18.8 0.32
---------------------------------------------------
100.0(3) 27.2 19.1 7.68 0.09
---------------------------------------------------
46.9 assays pending
---------------------------------------------------
75.4(3) assays pending
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FT-11-08 350 / -75 / 510 77.0 55.2 38.6 16.8 0.31
---------------------------------------------------
138.6(3) 41.5 29.0 12.2 0.21
---------------------------------------------------
56.3 62.7 43.9 18.4 0.04
---------------------------------------------------
110.5(3) 44.4 31.0 13.1 0.03
----------------------------------------------------------------------------
FT-11-12 350 / -75 / 502 29.7 59.4 41.6 18.3 0.33
----------------------------------------------------------------------------
SECTION G-G' (150 METRES WEST OF THE FARRELL-TAYLOR SHOWING)
----------------------------------------------------------------------------
FT-11-09 350 / -75 / 544 n/a
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FT-11-13 350 / -75 / 545 19.3 64.9 45.4 20.1 0.33
---------------------------------------------------
78.7(3) 35.2 24.6 10.5 0.16
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Notes:
(1) Core lengths in metres of massive oxides.
(2) V2O5 assay results reported here used the ME-MS61 preparation (4-acid
digestion) and assay method.
(3) Wider intervals include disseminated (greater than 10%), vein and semi-
massive oxides mineralization surrounding the massive oxides.
(4) It consists of two intervals of 4.1 and 3.5 metres within a wider
interval of disseminated, vein and semi-massive oxides mineralization.
n/a - not present or drilled above the oxide mineralization.
Mr. Michael Curtis, NEVADO's President and CEO, stated "The current and previous
drilling was successful in delineating the full extent of the massive and
disseminated oxides mineralization at Farrell-Taylor, which can now be confirmed
as an east-southeast shallow plunging mineralized lens, from near surface to
-500 metres vertical depth, having a 1.5 km strike length, a 300-500 metres
width, and averaging more than 100 metres in height. On the basis of these very
encouraging results, the next phase will be to complete, by the end of the
second quarter of 2012, a NI 43-101 mineral resource estimate of the entire
massive and disseminated Iron, Titanium and Vanadium oxides mineralization."
Nevado anticipates the remaining assays to be compiled and announced in the next
10 days.
For our previous results please visit our website at www.nevadoresources.com
About Nevado Resources Corporation
NEVADO is a Canadian junior resource company trading under the symbols VDO on
the TSX Venture Exchange and NSV on the Frankfurt Stock Exchange. NEVADO owns
2,318 mineral claims or an equivalent of 1,227 km2 in the Baie-Comeau, Fermont
and Eastern Townships regions of Quebec. The Company is currently focused on
advancing the La Blache Iron-Titanium-Vanadium Project in the Baie-Comeau region
towards National Instrument 43-101 mineral resources and development. To date,
NEVADO has drilled 68 holes totalling 22,221 metres on the Project, of which 45
holes for 16,461 metres were drilled on the most extensive oxides mineralization
found to date at the highly prospective Farrell-Taylor Occurrence.
The technical information in this news release was prepared by Mr. Jean Lafleur,
M.Sc., P. Geo., Project Manager of NEVADO's La Blache Project, and a Qualified
Person under NI 43-101 regulations.
Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. The statements
made in this news release that are not historical facts are "forward-looking
statements" and readers are cautioned that any such statements are not
guarantees of future performance, and that actual developments or results, may
vary materially from those in these "forward-looking" statements.
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