NEVADO RESOURCES CORPORATION ("NEVADO" or the "Company") is pleased to announce that tests on the 200-kg titanium-vanadium-iron sample from the La Blache deposit are progressing well at the facilities of Kunming Metallurgical Research Institute of China Yunnan Metallurgical Group Co., Ltd. ("Kunming China"). Kunming China has informed the Company that the report on the Bench-Scale Mineral Processing Study of the La Blache sample should be ready in the next few weeks.
The main goal of the preliminary study is to establish the process that will enable NEVADO to economically recover the titanium, vanadium and iron minerals from its La Blache deposit. Kunming China has its own proprietary process and is currently conducting tests to optimize the recovery of these metals from the La Blache deposit.
On May 14, 2012, NEVADO received a NI 43-101 Technical Report on Resources Estimation of the La Blache project using a base case cut-off grade of 5.1% TiO2 Equivalent, the resources for the La Blache deposit totals 101,700,000 tonnes grading 18% TiO2, 0.33% V2O5 and 59.7% Fe2O3 (41.76% FeT) in the Inferred category.
Michael Curtis, President and Chief Executive Officer of NEVADO, said that: "We are looking forward to receiving Kunming China's report. With positive results, NEVADO will be that much closer to its goal of recovering the titanium, vanadium and iron economically. Positive results could also spur project development. As we have said before, Kunming China is a leader in this sector, with over 60 years of experience in the treatment and recovery of these types of minerals."
About Nevado Resources Corporation
NEVADO is a junior strategic metals company with properties in Northern Quebec. The Company is currently focused on advancing its world-class La Blache titanium-vanadium-iron project. NEVADO also owns the Fermont project, a graphite property adjacent to Focus Graphite's Lac Knife deposit.