NMC Resource has reported that the three exploration holes located at the NMC Moland mine has assisted the presence of the high-grade mineralization of molybdenite to the western parts of the current deposit. Additional drilling is needed to appraise the extentl of mineralization towards the west part. These three holes that show 238 m have cut the "Main Zone Extension" between 257 m and 217 m level.
The company has intersected 2.67% MoS2 and 1.60% molybdenum over 0.6 m, 2.20% MoS2 and 1.32% molybdenum over 1.9 m in the hole NMC11-SSA21, 0.43% MoS2 and 0.26% molybdenum over 1.9 m, 0.24% MoS2 and 0.14% molybdenum over 0.9 m in the hole NMC11-SSA19, 0.50% MoS2 and 0.30% molybdenum over 0.9 m, 0.28% MoS2 and 0.17% molybdenum over 2.8 m in the hole NMC11-SSA20.
Since April 2010, NMC Moland mine has started producing commercially and continues to offer a stable revenue stream for the company. NMC Moland Mine’s crushing chamber is situated underground and 100% of water has been recycled. A tailings pond is not present at this mine since all the tailings are utilized as a material for making cement.
The company sent the pulps from the NMC Moland Mine to ALS Chemex, located in North Vancouver, British Columbia. Four acid solutions digested a representative sample, which was then examined by means of ICP analysis. R.S. Middleton is the qualified person and manages the drill program and controls the quality of the sampling, and assaying.