NMC Resource Corporation ("NMC Resource" or the "Company") successfully completed the drilling of 11 holes totalling 3,075 meters at Boss Mountain Mine ("Boss Mountain"). Boss Mountain produced molybdenum in the past when operated by Noranda Mines Ltd. ("Noranda").
This program was designed to confirm the previously reported mineralization, extend the boundaries of the known zones both at depth and along strike, and test other potential elements in the deposit. Analytical work is being carried out by AGAT Laboratories Ltd.
Boss Mountain is located near the historic mining town of Hendrix Lake, approximately 88 km east of 100 Mile House in British Columbia, Canada. Noranda produced 7,430,340 tonnes of ore at 0.217% Mo (0.36% MoS2) intermittently for the period of 1965 – 1983. Surface access leading to and across the site remains in excellent condition and provide easy access to where the surface mining efforts stopped. These access roads will be instrumental in facilitating expedited restart on site, should the Company decide to re-open Boss Mountain.
The region encompasses the Upper Triassic- Lower Jurassic Takomkane Batholith, which is host to the mineralization. Similar to Guichon Batholith which hosts the extensive Highland Valley deposit, the Takomkane Batholith intrudes Upper Triassic and older Nicola volcanics and other sedimentary rocks. The Cretaceous quartz monzonite intrudes the older rocks and flanks the Takomkane Batholith to the East. Eight stages of oscillatory magmatic activity have been recognized at the Boss Mountain deposit, three of which resulted in the emplacement of the substantial molybdenum reserves and six primary zones on site. Mineralization on site occurs as both high grade molybdenum bearing quartz veins, and as disseminated grains in the matrix which forms an intensely fractured quartz-andesite breccia.
The full extent of the zones remains untested both at depth and along strike and is target of both the current, and future drilling campaigns.*
The 2014 drill program was managed by Mr. Cameron Norton, P.Geo, and supervised by Mr. Bruce Durham, P.Geo. This news release has been reviewed by Mr. Durham and Mr. Norton, Qualified Persons as defined by NI 43-101.
*A map of the 2014 drilling campaign is as attached.
About NMC Resource Corporation
NMC Resource Corporation (TSX VENTURE: NRC) is a mining company with two molybdenum assets: Moland in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. Moland started commercial production in April 2010 and has been in production with improved production profile every year. Boss Mountain is a past molybdenum producer. The Company has an option agreement on Boss Mountain with Glencore Canada Corporation to earn 100% interest by spending 3 million Canadian dollars.
On behalf of the board of
NMC RESOURCE CORPORATION
Per: "Do Hyung Kim"
Do Hyung Kim; President, Chief Executive Officer and Director
Source: http://www.nmcresource.com/