October 20, 2017 2:32 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

Canada

Founded in 2000

Phone:

450-510-4442

Key Executives for Nippon Dragon Resources Inc.

Chief Executive Officer, President and Director
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. Creates Joint-Venture Partnership Agreement with Val d'Or Resources Corporation

Nippon Dragon Resources Inc. announced the creation of a joint-venture partnership agreement with an Val d'Or Resources Corporation. As a result of the joint-venture, a new entity Rocmec Gold Inc., will be created, of which Nippon will hold a 51% interest and Val d'Or Resources Corporation a 49% interest. Once completed, Rocmec Gold Inc. will hold both the Denain and Rocmec 1 properties, additional mining acquisitions in Quebec, and a percentage ownership of the patents related to the thermal fragmentation mining process. Val d'Or Resources Corporation is currently in the process of securing the requisite funds totaling CAD 16,200,000.

Nippon Dragon Resources Inc. Provides Test Results of 2 Thermal Fragmentation Trials in Australia

Nippon Dragon Resources Inc. provided summary information regarding its Thermal Fragmentation activities in Australia with its distributor SAFESCAPE. Thermal fragmentation activities in Australia has consisted of two trials, one of which was conducted at narrow gold vein mine located in Victoria in order to evaluate several key points of the equipment and process, including but not limited to its efficiency and versatility. Three holes were made, two in waste rock and one in a gold bearing quartz reef. The equipment performed well in horizontal, downhole and uphole configurations. In the uphole configuration adjustments were required to account for the rapid rate of fragmentation of the material. Further metallurgical testwork on the ore mined generated a lot of interest. It was discovered that a significant portion of the coarse grained gold separated from the quartz during mining, additionally, while the thermal material is much smaller than blasted material they found that it also contained inclusions and micro fractures on a microscopic scale which resulted in significant improvements in comminution costs when compared to blasted and crushed material of the same genesis. The second trial was conducted at a narrow vein gold mine in Western Australia and was the first step to engage with the WA Department of Mining and Petroleum to obtain approval to employ the thermal fragmentation mining process for a trial in Western Australia. The equipment performed well and fragmentation of the orebody was very good. A trial in a portion of the orebody that consisted mainly of sulfide minerals resulted in very fast fragmentation however minor SO2 was generated, a situation that is avoidable by the installation of a standard scrubber unit to capture the exhaust and send it to a return airway. In future, all new thermal fragmentation extraction work in sulfide ore bodies will include a scrubber as part of a complete system.

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.

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