Thermal Fragmentation: Update on the exclusive licensing agreement with NDR Japan in Japan
Brossard (Quebec), February 19th, 2015 Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), is pleased to provide an update on the exclusive agreement with NDR Japan Co. Ltd (“NDR-J”) for its patented Thermal Fragmentation mining method. A thermal unit (Dragon) that was shipped to Japan in December has now arrived and is being prepared in anticipation of a surface demonstration, similar to the ones that were successfully conducted in South Africa and Val d’Or over the past months. A very impressive list of confirmed attendee’s include representatives of major mining and construction companies from China and Japan as well as dignitaries representing various government agencies.
“Based on the preliminary interest in attending the upcoming demonstration in Japan we are extremely confident that the results will be in line with our expectations for both the mining and construction sectors. Our Japanese counterparts are a very motivated group of entrepreneurs and we look forward to working closely with them in introducing and implementing our exclusive and patented thermal fragmentation mining method in Japan“ stated Andre Savard, Nippon’s President and CEO.
About NDR Japan
NDR Japan Co. Ltd is a mining company comprised of a team of various Japanese construction leaders, having a strong background in contracting, civil work and mining. NDR-J is committed in marketing and implementing the Dragon in the areas of construction and mining. NDR-J is already in negotiations with several mine owners to implement the Dragon.
About Nippon Dragon Resources
Nippon is active in the exploration and the development of gold resources in Quebec. 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 deposit 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