Thermal Fragmentation: Update on the exclusive licensing agreement with MaXem in South Africa
Brossard (Quebec), January 26th, 2015 Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), is pleased to provide an update on the exclusive agreement with MaXem (“MAXEM”) for its patented Thermal Fragmentation mining method. MaXem has successfully tested the Thermal Fragmentation mining method in South Africa in 2014 and is diligently working to secure future work with this technology in 2015 not only in South Africa but also in Zimbabwe, Botswana, Mozambique, South West Africa, Zambia, Tanzania and the RDC.
“Our initial tests and surface demonstration conducted in 2014 enabled us not only to confirm the potential of the Thermal Fragmentation mining method but also to identify various key services which would benefit the industry such as rock distressing and drop & inverse raises. In 2014, we were able to successfully fragment a reef corridor during which time many lessons were learned to adapt this new mining method to the conditions found within our territory. This success has impressed the mining industry and as a result, our exclusive licensing agreement with the Thermal Fragmentation mining method has now opened new opportunities for us. MaXem is excited to offer Thermal Fragmentation services to the industry with its ability to solve many problems including productivity, security, environmental and mechanization in mining operations.” stated Mark Van Schaik, MaXem’s Managing Director.
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.
About Nippon Dragon Resources
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 high-grade 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.
For additional information:
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