(TheNewswire)
Brossard, Quebec / TheNewswire / June 2nd, 2017 - Nippon Dragon Resources Inc. (the "Company" or "Nippon") (TSX-V Symbol: NIP) is pleased to announce that its distributor in South Africa has just signed a thermal fragmentation agreement with a mining company. This agreement will allow MaXem to manufacture a second thermal unit that will be sold to its customer as well as the first unit built more than 2 years ago. MaXem will focus its work mainly on training and technical support with his client.
"I am very pleased with MaXem's progress in the implementation of the thermal fragmentation mining method in South Africa and I hope that this agreement will be followed by several others of the same type", stated Donald Brisebois, President and CEO of Nippon
"MaXem is putting a lot of effort into introducing the thermal fragmentation mining method in our country. We are beginning to reap the fruits of our efforts and I am very proud of that", stated Mark Van Shaik, President of MaXem
About MaXem
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. The Corporation holds a gold property with resources recognised in accordance with NI43-101 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.
John Stella, Investor relations(514) 718-7976jstella@nippondragon.com
Donald Brisebois, President & CEO (450) 510-4442 dbrisebois@nippondragon.com
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
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