NEVADO New Assays Average 61.9% Iron, 16.5% Titanium and 0.11% Vanadium from 21 Channel Samples on the 450 Metres Long E. Girard
02 December 2010 - 11:00PM
Marketwired
NEVADO RESOURCES CORPORATION (TSX VENTURE: VDO)(FRANKFURT: NSV)
(the "Company" or "NEVADO") is pleased to announce additional Iron,
Titanium and Vanadium assay results from the recently discovered
massive magnetite-ilmenite E. Girard Occurrence ("Girard") found
during the summer-fall 2010 exploration program on the Company's
wholly-owned 646 claims / 355 km(2) La Blache
Iron-Titanium-Vanadium Property (the "Property") (refer to the
NEVADO news release dated November 10, 2010).
E. Girard (at Km 27, moving clockwise along the 45 kilometre
ellipse) is located 13 km southeast of Hervieux-East Extension. The
occurrence is fully accessible via logging roads and extends for at
least 450 metres. Here the massive magnetite-ilmenite occurs as a
single 1 m to 5 m lens with sharp contacts, suggesting an
intrusive.
Twenty-one (21) channel samples were taken at regular intervals
along the 450 metres strike length of the occurrence. Average assay
results are 61.9% Iron (expressed as Iron Oxide or Fe2O3), 16.5%
Titanium (TiO2) and 0.11% Vanadium (V2O5). Individual assay results
in Iron, Titanium and Vanadium are as follows:
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GRAB % % % GRAB % % %
SAMPLE # Fe2O3 TiO2 V2O5 SAMPLE # Fe2O3 TiO2 V2O5
701157 58.8 14.8 0.18 701178 67.0 18.3 0.10
701158 63.3 15.1 0.17 701179 64.4 18.7 0.05
701159 65.5 17.8 0.09 701180 65.4 20.0 0.14
701160 63.4 18.2 0.16 701181 67.4 18.8 0.04
701161 50.4 11.3 0.13 701182 58.1 15.5 0.18
701163 58.2 13.6 0.07 701183 63.8 16.6 0.14
701165 64.6 15.6 0.12 701184 60.4 16.2 0.12
701174 57.5 15.4 0.12 701185 61.3 15.5 0.10
701175 54.8 14.5 0.11 701186 65.7 19.2 0.09
701176 66.7 17.5 0.09 701187 69.0 19.7 0.09
701177 54.7 14.3 0.13 AVERAGE 61.9 16.5 0.11
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Note: Surface channel samples averaging 2 kg each were taken by
Company qualified personnel under the supervision of Jean Lafleur,
M.Sc., P. Geo., the La Blache Project Manager. Samples were bagged,
sealed and numbered on-site, and delivered to the ALS Laboratory
Group facility in Val-d'Or (Quebec) for analysis using the ME-S81d
Method. At the laboratory facility, samples were inventoried,
weighed and dried; crushed 70% to under 2 millimetres; riffled
split with a 250 gram sub-sample pulverized 85% to under 75
microns; then followed by analysis.
Again, the grades of the magnetite-ilmenite surface channel and
grab samples are comparable to the previous channel and surface
channel grab samples taken earlier from the initial Hervieux East
Extension where samples yielded up to 12.0 m of 62.8% Fe2O3 and
19.6% TiO2, and 7.0 m of 62.1% Fe2O3 and 20.0% m TiO2 as well as 32
channel grabs that averaged 59.0% Fe2O3, 18.6% TiO2 and 0.11% V2O5
in a range of 51.1% and 62.8% Fe2O3, 17.7% and 19.7% TiO2 and 0.05%
and 0.16% V2O5 (refer to the NEVADO news releases dated March 30,
September 21, October 28, and November 16, 2010). Assay results are
pending from grab samples taken at the Leduc, Farrell-Taylor and
the Lac La Blache West magnetite-ilmenite occurrences.
NEVADO is in the final preparation stage of the minimum 3,500 m
diamond drill program on the Property. All of the geophysical and
geological data has been synthesized and interpreted, and the
campaign was fully permited by the Ministere des Ressources
naturelles et de la Faune. NEVADO plans to outline the full-size
and grade potential of these magnetite-ilmenite lenses with the
ultimate goal of eventually proving up significant near-term
iron-titanium-vanadium mineral resources across the Property.
NEVADO is fully funded for the work having raised $2.25 million in
late 2009.
The technical information in this news release was prepared,
reviewed and approved by Mr. Jean Lafleur, M. Sc., P. Geo., Senior
Technical Consultant to NEVADO, and Bertrand Brassard, M. Sc., P.
Geo, Director and VP Exploration of NEVADO. Both individuals are
Qualified Persons 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.
Contacts: Nevado Resources Corporation Mr. Guy Girard President
and CEO 514-798-1290 www.NEVADO.ca
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