Nippon successfully implements its Thermal Fragmentation mining method in South Africa
Brossard (Quebec), July 10th, 2014– Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), is pleased to provide summary information regarding its Thermal Fragmentation activities in Southern Africa with its distributor MaXem Equipment (“MaXem”). As publicly announced by way of a press release on February 25th, 2014, Nippon and MaXem entered into an exclusive Thermal Fragmentation distributorship agreement for various South African countries. In May 2014, a Thermal Fragmentation unit (“Dragon”) was delivered to MaXem’s facilities, followed by Nippon’s employees, whose mandate was to train MaXem’s employees and also visit the mine site where the first deployment of the technology in South Africa would take place.
In early June, Nippon’s team returned to South Africa to present the technology to potential clients, including one of the most predominant gold producers in the world. Over the following days a series of performance, security tests and demonstrations were conducted for the benefit of several decision makers and union representatives. The Dragon has since been deployed within the stope (work area) approximately 1,000 meters below surface on a demonstration contract and Thermal Fragmentation operations commenced on July 3rd, 2014.
“Operating in a reef type ore body was something new for us and the Dragon performed extremely well fragmenting its first hole in South Africa. We do not foresee any technical difficulties with regards to fragmenting the type rock and the dip encountered in the ore body” stated Donald Brisebois, Nippon’s VP Operations and Technology.
MaXem is a multifaceted company, whose core business is to supply hard rock mining equipment and services to Southern Africa Countries, with a specific focus on precision long hole drilling and other methods that enable better efficiency in mining. MaXem Contracting includes long hole drilling, drop and inverse raising and mechanized mine production. MaXem has a clear understanding of mining inherent risks as well as detailed commodity experience that includes gold, platinum, heavy minerals and base metals.
Nippon is active in the exploration and the development of gold resources in Quebec and Peru. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method for exploiting narrow-vein ore deposits.
The company’s growth strategy is based on:
• The development of its gold deposits with the objective of producing revenue from its operations;
• Increasing the value of its mining assets by prioritizing the exploration targets; and
• The commercialisation and employment of its thermal fragmentation technology.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com