February 28, 2017 1:03 AM ET

Metals and Mining

Company Overview of Nippon Dragon Resources Inc.

Company Overview

Nippon Dragon Resources Inc. explores for and develops mineral properties in Canada. The company owns a 100% interest in the Rocmec 1 gold project comprising 19 mining claims located in Dasserat township, Quebec. It also holds interest in the Courville-Maruska project covering 20 mining claims located in Courville township, Quebec; and the Denain project that consists of 24 mining claims located in Val d'Or, Quebec. In addition, the company provides thermal fragmentation mining technology for the mining industry, as well as offers drop/blind raising, primary and secondary ventilation raising, drainage holes, vibration blasting control, perimeter blasting and stress reduction, drift cuts, ore...

500-7055 Taschereau Boulevard

Suite 500

Brossard, QC J4Z 1A7


Founded in 2000



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 Inc Announces It Signs an Agreement with Diagnos Inc for Use of Its Cards Software

Nippon Dragon Resources Inc. announced that it has signed an agreement with Diagnos inc for use of its CARDS software (Computer Aided Resource Detection Software) to generate mining targets on Nippon’s Rocmec 1 and Denain properties. This powerful exploration tool will make it possible to compile all the data with those of neighboring regions to produce precise exploration targets. The agreement totals $70,000 and will serve as a guide for future drilling programmes.

Nippon Dragon Resources Inc. Auditor Raises 'Going Concern' Doubt

Nippon Dragon Resources Inc. filed its Annual on Jan 20, 2017 for the period ending Sep 30, 2016. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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.

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