Nevada Clean Magnesium Inc.: Company Adds Project Planning Specialist to Advisory Committee and Stakes Prospective Quartz Pro...
28 6월 2012 - 3:08AM
Marketwired
Edward Lee, President of Nevada Clean Magnesium Inc. (TSX
VENTURE:NVM)(PINKSHEETS:MLYFF)(FRANKFURT:M1V) ("NevadaCMI" or the
"Company"), is pleased to announce the engagement of Ron Hall,
B.Sc., to the Technical Advisory Committee and the staking of a
prospective quartz property located near the proposed magnesium
facility to be located east of Wells, Nevada.
Mr. Ron Hall, B.Sc.
Mr. Hall has over 35 years of practical international experience
in project planning, management, operation, evaluation and design
of global mining projects.
Recently he retired from Wardrop Engineering Inc. (now Tetra
Tech) as Vice President of the mining division, his area of
responsibility was in project planning and oversight. Additionally,
he was responsible for starting the Wardrop office in Vancouver
where he became a Partner in the firm 2005. He then proceeded to
open offices in the UK, Beijing, Chile, Brazil, Hong Kong and
Perth.
Mr. Hall has a B.Sc. (Hons) degree in Metallurgy from the
University of Wales and has operated both nickel/copper
concentrators up to 80,000 tonnes per day which included smelter
and furnace operations.
James Sever, Chief Operating Officer of Nevada CMI is quoted to
say, "Ron's addition to our team will be a major asset enabling us
to stay on target and in budget with the project's extensive tasks
and complex timelines. He is key to holding the various contractors
and consultants accountable throughout the planned Prefeasibility
phase."
Quartz Prospect
Initial surface grab test samples demonstrate the quartz
composition to be very clean and possibly suitable for the
production of 75% Ferrosilicon ("FeSi").
As shown in the Preliminary Economic Assessment completed by
Wardrop (a Tetra Tech Company) September 15, 2011, the quartz
component of the ferrosilicon production process is currently
identified as a purchased expense. With the development of a nearby
quartz supply, this cost may potentially be reduced.
An exploration program will be developed to test the
prospect.
About Ferro silicon Production
The process of making ferrosilicon is very old. It was one of
the original processes developed with the invention of the electric
arc furnace which occurred in the 19th century. Commercial
production of the product began in the early 20th century.
Quartz is the primary raw material used in the production of
ferrosilicon. The other raw materials are iron scrap (or iron ore),
coal and wood chips. These ingredients are placed in an electric
arc furnace and heated to a very high temperature. The carbon in
the coal removes the oxygen from the quartz allowing the silicon to
dissolve into the liquid iron resulting in the ferrosilicon
alloy.
Depending on the recipe and operation of the furnace,
ferrosilicon can typically range in composition from 25% silicon in
iron to greater than 75% silicon in iron. Our target product will
be 75% silicon in iron for use as the reductant to produce
magnesium from dolomite.
In addition to the production of magnesium, ferrosilicon is used
for dense media separation and is highly sought after as an
alloying agent in the iron, steel and aluminum industries.
About Tami-Mosi Magnesium Project
The Tami-Mosi magnesium project poses the ability to exploit its
inferred magnesium resource for 30 years producing 30,000 tonnes
per year within the United States, where protective tariffs are in
place on imported magnesium metal. The economics are based on a NI
43-101 resource estimate analysis on the project, completed by
Wardrop Engineering (a Tetra Tech Company), which shows an inferred
resource of 412 million tonnes with an average grade of 12.3% for a
contained metal content of 111 billion pounds of magnesium using a
12% cut-off grade.
About Nevada Clean Magnesium Inc.
Nevada CMI is a diversified precious, specialty and base metal
exploration and development company focusing on magnesium,
molybdenum and gold exploration and development in North
America.
This news release has been reviewed by James Sever, P. Eng., a
qualified person recognized under National Instrument 43-101.
On Behalf of Management
Edward Lee, President
For all Nevada Clean Magnesium Inc. investor relations needs,
investors are asked to visit the website at www.nevadacmi.com.
To view the latest SmartStox Online TV Talk Show interview with
Nevada Clean Magnesium Inc.'s President, Edward Lee, please follow
this link: http://www.smartstox.com/interviews/nvm
This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX-Venture
Exchange, the British Columbia Securities Commission and the US
Securities and Exchange Commission. We seek safe harbor.
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Nevada Clean Magnesium Inc. Edward Lee President
604-531-9639 604-531-9634 (FAX)info@nevadacmi.com
www.nevadacmi.com
Western Magnesium (CE) (USOTC:MLYF)
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Western Magnesium (CE) (USOTC:MLYF)
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