NMC Resource Corporation explores for, develops, and produces natural resources in Canada and South Korea. The company explores for molybdenum ores. It holds interests in the NMC Moland Mine, which comprises of three mining rights located southeast of Seoul, the Republic of Korea; and an option to earn a 100% interest in the Boss Mountain Mine located in British Columbia. The company is based in Vancouver, Canada.
1111 Melville Street
Vancouver, BC V6E 3V6
NMC Resource Corporation, Special/Extraordinary Shareholders Meeting, Feb 06, 2015
Dec 8 14
NMC Resource Corporation, Special/Extraordinary Shareholders Meeting, Feb 06, 2015.
NMC Resource Corporation Reports Results from 2014 Drill Campaign at the Boss Mountain Project
Dec 2 14
NMC Resource Corporation reported the remaining results from 2014 drill campaign at the Boss Mountain Project located near 100 Mile House B.C. Hole BOSS-14-07, located between pits 1 and 2, returned 0.08% Mo* (0.13% MoS2) over 295.10m, which includes 0.09% Mo (0.16% MoS2) over 104.30m. Assays from this hole continue to demonstrate the presence of Re with assays reaching up to 1.70g/t Re over 1.00m. The assay results confirmed the previously intersected mineralization, and successfully extended the known mineralization an additional 186 meters. The hole remains a high priority for future extension as encouraging mineralization is still observed in assays near the bottom of the hole. BOSS-14-08 drilled 173m and returned 0.08% Mo (0.13% MoS2) over 127.00m. BOSS-14-09, located to the southwest of Pit 3, which was designed to confirm and test the southeastern extension of the deposit, successfully intersected 0.08% Mo (0.13% MoS2) over 325.0m. The hole continued to demonstrate the continuity of mineralization at both depth and along strike, with a high grade semi-massive molybdenum vein being intersected at 260.75m which returned 4.64% Mo over 0.50m. BOSS-14-10 was an exploration hole located to the south of Pit 2 and was designed to test the southern extension of the mineralization. This hole intersected a 22m wide high grade vein zone which returned 0.17% Mo (0.28% MoS2). Boss-14-11 was designed to confirm and test the northwestern extension of mineralization encountered in the Open Stope. The hole successfully extended the zone an additional 154m and returned 0.13% Mo (0.22% MoS2) over 397.75m and up to 4.25 g/t Re over 0.70m. High grade molybdenum bearing quartz veins were intersected throughout the hole, and this supports the hypothesis that a high grade extension of the deposit is present at greater depths. The northwest zone of the deposit remains a high priority for future drill campaigns.
NMC Resource Corporation Reports Unaudited Consolidated Earnings and Production Results for the Nine Months Ended September 30, 2014; Announces Assay Results from Boss-14-03 to Boss-14-06
Nov 17 14
NMC Resource Corporation reported unaudited consolidated earnings results for the nine months ended September 30, 2014. For the nine months, the company reported revenue of CAD 9,079,120 compared to CAD 6,808,837 a year ago. Net loss was CAD 481,736 compared to CAD 1,193,261 a year ago. EBITDA at NMC Moland Mine was CAD 2,521,446 compared to CAD 1,482,816 a year ago. Adjusted EBITDA was CAD 2,430,821 compared to CAD 1,299,468 a year ago.
The company announced to report the results from an additional four holes from the Boss Mountain project located near 100 Mile House B.C. Assay results from the remaining 5 holes are currently pending, and will continue to be reported once received. Hole BOSS-14-03, the third hole of the 2014 program, returned 0.14% Mo (0.23% MoS(2)) over 46.75m and up to 3.66 g/t Re over 0.75m. Hole BOSS-14-03 was successful in extending the depth of mineralization mined in Pit 3 prior to intersecting a chlorite-clay altered porphyry unit at a depth of 135.30m. This unit may represent an important feeder system for the observed mineralization at Boss Mountain and therefore, further drilling in this unit is warranted to establish any relationship it may have with the molybdenum mineralization at Boss Mountain. BOSS-14-04 returned 0.07% Mo (0.11% MoS(2)) over 59.05m. This hole confirmed the presence of the previously reported mineralization, and it also extended the known mineralization further at depth. BOSS-14-05, located between pits 2 and 3, was successful in its objective of extending the known area of mineralization, returning 0.05% Mo (0.08MoS(2)) over 198.80m. Mineralization in this hole was successfully extended 128 meters deeper than the previously tested depth. BOSS-14-06, an angled hole which was designed to test the extent of the high grade mineralization located to the south of the Open Stope, and the deeper mineralization located between pits 1 and 2 successfully returned 0.082% Mo (0.14 MoS(2)) over 259.00m. This hole confirmed previously reported mineralization and was successful in locating additional high grade mineralization between pits 1 and 2. Additionally, hole BOSS-14-06 intersected up to 1.29 g/t Re, and continued to support the emerging correlation between Mo and Re. Rhenium is among the rarest metals on earth, used mainly in the aerospace industry as an alloying agent and in chemical industry as a catalyst, as it is historically known to have a propensity to be associated with molybdenite mineralization.
For the nine months, the company’s ore mined was 236,923 against 218,740 a year ago. Produced molybdenum concentrate was 649 T (721 wet T) against 601 T (667 wet T) a year ago.