Press release from Marketwire
NMC Resource Reports Increased Q2 Production Results at Moland Mine
Thursday, July 19, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2012) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICES
NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce successful production increase at its NMC Moland Mine ("Moland") in South Korea. Commencing April, 2012, NMC Resource implemented a production ramp-up targeting a 20% increase from last year's daily throughput. During the second quarter of 2012, the daily throughput reached 1,109 tonnes, a 27% increase compared to 876 tonnes in 2011. The throughput increase exceeded the target by 7%. For the same period, NMC Resource produced 199 tonnes of molybdenum concentrate, a 15% increase compared to 172.5 tonnes, quarterly average of 2011.
|Ore milled (T)||66,386||62,403||83,210|
|Mill head grade (% MoS2)||0.29||0.31||0.26|
|Molybdenum concentrate produced (DMT MoS2)||172.5||172||199|
|Daily throughput (T)||876||832||1,109|
About NMC Resource Corporation
NMC Resource Corporation (TSX VENTURE:NRC) is a mining company with two molybdenum assets: NMC Moland Mine ("Moland") in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. Moland started commercial production in April 2010 and a new technical report was filed in December 2011 with an updated resource. An active resource expansion drill program continues at Moland. Resource expansion drilling program requiring deep drill holes has been sponsored by KORES (Korea Resources Corporation, a state-owned mining company). Boss Mountain is a past molybdenum producer. NMC Resource is currently assessing historical data from 247 drill holes completed by the last mine operator Noranda Mines Ltd.
On behalf of the board of NMC RESOURCE CORPORATION
Yoo Sup Han; Chief Operating Officer and Director
Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at www.sedar.com. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward Looking-Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Contact KIN Communications Inc. 1 (866) 684-6730 firstname.lastname@example.org www.kincommunications.com
(604) 643-1730 NMC Resource Corporation (604) 642-6192 (FAX) www.nmcresource.com
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