MONTREAL, QUEBEC — (Marketwire) — 06/19/12 — NEVADO RESOURCES CORPORATION (TSX VENTURE: VDO)(FRANKFURT: NSV) („NEVADO“ or the „Company“) is pleased to report on the results of its annual and special meeting of shareholders held on June 18, 2012, in Montreal, Quebec.
At the meeting, the shareholders of the Company voted in favour of all the resolutions set out in the management proxy circular, including re-election of the Company-s Board of directors, consisting of Michael Curtis, Andre Bergeron, Marcel Bergeron, Rick Bonner, Philippe Frere and Louis Peloquin.
Michael Curtis, President and Chief Executive Officer of NEVADO, also reviewed the Company-s many achievements of the past year at the meeting, which include:
Mr. Curtis noted that: „We made major progress over the past year. We outlined a world-class resource at the La Blache project, which has encouraged us to move ahead with project development with a view to putting the deposit into production. As we have already stated, we hope to start a preliminary economic assessment (PEA) in the third quarter and do pilot plant testing of the La Blache material, which will provide us with the information we need for a feasibility study.“
„For the Fermont project, we will continue exploring the property this summer to assess its graphite potential. Thanks to its favourable location next to Focus Graphite-s Knife Lake deposit, this project could also become a key asset for the Company. Finally, despite the challenging market, the Company is in a strong financial position, with over $3 million in cash,“ Mr. Curtis concluded.
About Nevado Resources Corporation
NEVADO is a Canadian junior resource company trading under the symbols VDO on the TSX Venture Exchange and NSV on the Frankfurt Stock Exchange. NEVADO owns 2,318 mineral claims or the equivalent of 1,227 km2 in the Baie-Comeau, Fermont and Eastern Townships regions of Quebec. The Company is currently focused on advancing the La Blache vanadium-titanium-iron project in the Baie-Comeau region towards National Instrument 43-101 mineral resources and development.
Neither the 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 news release. The statements made in this news release that are not historical facts are „forward-looking statements“ and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these „forward-looking“ statements.
Contacts: Michael Curtis President and CEO (514) 793-1915
Only registered users can comment.
