December 10, 2016 7:48 AM ET

Metals and Mining

Company Overview of Nippon Dragon Resources Inc.

Company Overview

Nippon Dragon Resources Inc. explores for and develops gold resources primarily in Canada and Peru. The company owns a 100% interest in the Rocmec 1 project comprising 76 mining claims in Dasserat township, Quebec; and the Courville-Maruska project covering 15 mining claims in Courville township, Quebec, as well as holds 85% interest in the Denain project that consists of 24 mining claims in Denain township, Quebec. It also provides thermal fragmentation mining technology for the mining industry, as well as provides drop/blind raising, primary and secondary ventilation raising, drainage holes, vibration blasting control, perimeter blasting and stress reduction, drift cuts, ore recovery while...

7055 Taschereau Boulevard

Suite 500

Brossard, QC J4Z 1A7

Canada

Founded in 2000

Phone:

450-510-4442

Fax:

450-510-9901

Key Executives for Nippon Dragon Resources Inc.

Chief Executive Officer, President, Director, Member of Health & Safety Committee and Member of Enviromental Committee
Total Annual Compensation: C$164.8K
Chief Financial Officer
Total Annual Compensation: C$72.0K
Compensation as of Fiscal Year 2015.

Nippon Dragon Resources Inc. Key Developments

Nippon Dragon Resources Provides Operational Update on the Arizona Project

With regards to the project in Arizona, Nippon Dragon Resources Inc. announced that the drilling of pilot holes is complete. In excess of 480 6-inch holes were drilled all on the same mineralized structure. Thermal fragmentation operations have begun and management wishes to state that the purpose of employing the technology is to verify the grades and the widths of the mineralized veins on a known structure and that the same type of operations will be conducted on other structures located on the site. Additionally, Nippon has a trainer on-site to train the company's client's employees and training will continue until the end of the year. The treatment plant is a few weeks away from completion, the mill, conveyor, pumps and flotation cells are all installed as well as the gravimetric concentrator. The only parts that will delay the start-up of the plant are a thickener and drum filters that are added to ensure maximum recovery of the ore. These pieces are expected to arrive at the site just before the holiday season, in the meantime the ore will be stored at the work site.

Nippon Dragon Resources Inc. Mobilizes its Flotation Plant in Arizona and Increases Number of Gold Ounces to be Produced

Nippon Dragon Resources Inc. has announced that it has mobilized its 75 t/d flotation plant on Au Consolidated Inc. property located in Cochise County, near Wilcox in the state of Arizona, USA. The installation, commissioning and start-up of the plant will be completed during the month of November. A specialized company was contracted to perform the work. The expected gold recovery rate is 90%. With the addition of Nippon's treatment plant, the original agreement between the parties was modified to add an additional 1,000 ounces to 2000 ounces previously planned. The additional 1,000 ounces of gold recovered will be shared based on a ratio of 60/40. Nippon will be entitled to 60% of the gold ounces and AU will be entitled to 40% of the gold ounces produced. Once gold production reaches the initial target of 3,000 ounces as stipulated in the agreement, a long-term agreement or sale of the thermal fragmentation unit(s) and Nippon's treatment plant can be negotiated between the parties. Furthermore, given that the mining operations with the thermal unit and treatment plant will be carried out on surface, Nippon will seize this opportunity to create a comprehensive technological showcase for mining companies that have demonstrated a keen interest in the implementation of the technology within their own operations.

Nippon Dragon Resources Inc. Enters Gold Production Agreement with Au Consolidated Inc

Nippon Dragon Resources Inc. announce that it has entered into a gold production agreement with Au Consolidated inc. (AC). Nippon will conduct thermal fragmentation operations on selected high grade narrow surface veins at Au Consolidated Inc.'s property located in Cochise County, near Willcox in the State of Arizona, U.S.A. The initial term of the agreement will terminate once 2,000 gold ounces have been extracted from the selected surface veins. Recovered gold ounces will be shared on an 80/20 ratio. Nippon will be entitled to 80% of the gold ounces whereas AC will be entitled to 20% of the gold ounces produced. Once the initial gold production as stipulated in the agreement is reached, a long-term agreement or sale of Nippon's thermal fragmentation unit(s) may be negotiated between the parties.

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