Nippon provides a corporate update
Brossard (Quebec), November 4th, 2015 Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), is pleased to provide an update on its current state of affairs, more specifically, Nippon’s activities pertaining to the company’s exclusive and patented thermal fragmentation mining method.
MaXem Holdings, Nippon’s South African distributor has completed the modifications to three thermal units, the modifications were required to accommodate and facilitate access to the narrow drifts that are very common and widespread in South Africa. Over the past weeks and months MaXem has been busy providing thermal contract proposals to potential clients. Considering the ever increasing need to mechanize mining operations in South Africa, MaXem is extremely confident that the units will fulfill their role as ‘the solution’ for mining high grade narrow vein structures.
Safescape, Nippon’s Australian distributor is hard at work preparing a site within its operations that will serve to showcase the technology to interested parties that wish to see the units operate in a real live scenario. Two thermal units are scheduled to arrive in Australia within the coming days. Several potential clients that have requested supplemental information regarding demonstrations at the mine site have now confirmed their presence.
NDR Japan, Nippon’s Japanese distributor is currently in discussions with two major construction companies. Parties involved are confident that usage of the thermal units will lead to new applications in the construction industry.
In Canada, management is fielding information requests from mining companies almost on a daily basis. In light of the accrued and sustained interest and the fact that it is taking longer than expected to finance the reopening of the company’s Rocmec 1 gold property, management has initiated actions to secure a mine site in the Abitibi region of Quebec, Canada. The goal is to enter into an agreement that would provide Nippon with areas in the mine amenable to the thermal fragmentation mining method. In addition to mining these areas Nippon will have the right to schedule live underground demonstrations. Several mining companies have requested such demonstrations to pursue their due diligence with regards to the potential implementation of the technology within their own operations. Details of the agreement will be made public in a timely manner.
Thermal fragmentation mining method: This unique, exclusive and patented mining method was developed by Mr. Donald Brisebois, Nippon’s current President & CEO. The versatility of the technology allows not only to mine narrow mineralised corridors that are very often left untouched considering the high extraction costs with conventional mining methods, but also has several additional applications within the mining and construction industries. Usage of the technology translates into the following benefits: substantial cost reductions, increased productivity, very significant reduction in dilution, marked reduction in the use of explosives, fewer accidents, physically less challenging for workers and environmentally friendly.
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.
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.
Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com