Nouveau Monde Acquires Significant Land Package Contigous to Its Matawinie Project Extending the Mineralization of the WEST Zone Symbol: NOU (TSX Venture), OTCQB: Nmgrf, Frankfurt: NM9
NOUVEAU MONDE ACQUIRES SIGNIFICANT LAND PACKAGE CONTIGOUS TO ITS
MATAWINIE PROJECT EXTENDING THE MINERALIZATION OF THE WEST ZONE
Symbol: NOU (TSX Venture), OTCQB: NMGRF, Frankfurt: NM9
FOR IMMEDIATE RELEASE
July 5th, 2017
MONTREAL, QUEBEC –Nouveau Monde Graphite Inc. (TSX-V: NOU) (“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 t hese 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.”
As detailed in a press release dated March 2 nd, 2017, the present pit-constrained
Mineral Resource Estimate for the West Zone, not including the drill hole intercepts
presented today, stands at 32.9 Mt @ 4.5 % Cg in the Indicated Category and 0.2 Mt @
4.84 % Cg in the Inferred Category.
Following authorization from Hydro -Quebec, four NQ size boreholes totalling 760.6 m
were drilled in the newly expanded claims during Fall 2016 . The significant results are
presented in the following table (Table 1):
Table 1. Significant results from drilling over the expanded claims.
Section Hole From (m) To (m) Mineralized Length (m)* Grade (Cg)**
W-0200
TO-16-98 72.2 204 131.8 4.8
250.45 284.1 33.65 4.67
TO-16-115 44.5 71.9 27.4 4.16
74 105.4 31.4 4.99
W-0100 TO-16-116 50.4 79.5 29.1 3.72
128.1 147.5 19.4 4.41
*Mineralized length represents the length along the drill hole and is not indicative of the true width of the
mineralization which needs additional drilling for proper interpretation.
** Graphitic carbon (Cg), was measured using a LECO analyser (ALS code; C -IR18) at the ALS Minerals laboratory in
North Vancouver (BC), Canada.
The following files can be downloaded in support to this press release:
- Property location map: http://nouveaumonde.ca/wp-
content/uploads/PR_Tony_Block_20170629_EN_r.pdf
- West Zone close up location map: http://nouveaumonde.ca/wp-
content/uploads/PR_West_Zone_20170629_EN_r.pdf
- Section W-0200: http://nouveaumonde.ca/wp-content/uploads/Tony-Section-
W-0200.pdf
Other Developments
Nouveau Monde is aggressively advancing its Matawinie graphite Property on numerous
fronts. It has completed a first round of geotechnical drilling in June . This was required
to further optimize its mine plan. A hydrogeology field program is scheduled to start on
July 3rd, it aims to characterize groundwater movement within the proposed pit. Results
from environmental geochemistry test work have been received a nd w ill be
incorporated in its prefeasibility study due for release in September 2017.
Desaulniers continued, “I am looking forward to publishing our new economic numbers
in September which will highlight the value of our exceptional graphite deposit. Though
the new mineralized zone will not be included in that study it will be included in future
studies and is blue sky for our investors looking to see continuous improvements in
future project economics.”
Quality Control and Quality Assurance
The drilling program discussed in this Pres s Release was supervised by Bernard-Olivier
Martel, P.Geo. (Québec), B.Sc . A strict protocol, including the insertion of duplicate and
blank samples within the sample stream was adopted as part of a quality assura nce and
quality control (QA/QC) program. Graphite standards were also included within the core
sampling protocol. Duplicate, blank and graphite standard sample results returned
values within acceptable limits.
Mineralized core samples were chosen for analysis by Mr. Bernard-Olivier Martel. The
mineralized drill core was split into quarters using a rock saw. The quarter core samples
were then individually bagged and sent for analysis, and the remaining core was kept as
a reference and fo r possible metallurgical testing. Samples were analyzed for graphitic
carbon (Cg) content by a LECO analyzer (ALS code; C -IR18) at the ALS Minerals
laboratory in North Vancouver (BC), Canada. This laboratory is ISO 9001:2008 and ISO
17025 accredited.
About Nouveau Monde
In 2015, Nouveau Monde discovered a graphite deposit on its Tony claim block, part of
its wholly owned Matawinie graphite Property. This discovery resulted in the publishing
of a Preliminary Economic Assessment, completed according to N I 43-101 guidelines, in
June of 2016. This study demonstrated strong economics with a planned production of
50,000 tpy of high purity flake graphite over a period of 25.7 years which is expected to
provide a solid operational margin and relatively low capi tal expenditures ( see press
release dated June 22, 2016 ). The Mineral Resource Estimate has since been updated,
the current resource stands at 32.9 Mt grading 4.5 0% graphitic carbon (or “Cg”) for the
Indicated Category and 0.2 Mt grading 4.84 % Cg in the Inferred Category (see Press
Release dated March 2, 2017). A prefeasibility study is currently underway targeting
Nouveau Monde’s West Zone deposit. The project is located in the Saint -Michel-des-
Saints area, some 120 km north of Montreal, Quebec, Canada. It has direct access to all
needed infrastructure, labour as well as green and affordable hydroelectricity. Nouveau
Monde is developing its project with the highest corporate social responsibility
standards while targeting a low environmental footprint (t argeting a net zero carbon
emission operation).
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The technical information presented in this news release was prepared by Antoine
Cloutier, P. Geo., Chief Geologist of Nouveau Monde Graphite and Qualified Person as
defined by NI 43-101.
For further information, please contact:
Eric Desaulniers, M.Sc., P.Geo.
President and Chief Executive Officer of Nouveau Monde
(819) 923-0333
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 release.
Except for historical information contained herein, this news release contains forward -
looking statements that involve risks and uncertainties. Actual results may differ
materially from those anticipated by such statements. Nouveau Monde will not update
these forward -looking statements to reflect events or circumstances after the date
hereof. More detailed information about pote ntial factors that could affect financial
results is included in the documents filed from time to time with the Canadian securities
regulatory authorities by Nouveau Monde.