NMC Resource
NMC Resource Corporation is (TSX-V: NRC) (“NMC Resource”) is a TSX Venture Exchange listed public company currently operating a producing molybdenum mine in South Korea. The Mine is strategically located between China and Japan - two of the world’s largest commodity consumers. The largest shareholder of the company, Dong Won Resource Group, has been involved in production of coal, gold, iron, oil and gas in South Korea, Argentina and Bolivia since 1962. NMC Resource recently has signed a letter of intent (the “LOI”) with Xstrata Copper Canada with respect to the Boss Mountain molybdenum mine property.
Projects
- NMC Moland Mine (Jechon, South Korea)
NMC Moland Molybdenum Property is located 170km east southeast of Seoul, South Korea. NMC Resource commenced commercial production in April 2010. Molybdenum mineralization has been known to exist on the property since 1966, and the first two adits were driven in 1973. Production from these two adits occurred in 1973 and 1988 and amounted to 1688 tonnes of MoS2. The property covers 822 hectares and is held as 3 mining licenses with each lease or claim being 274 hectares. In addition, 6.2 hectares of land were purchased to act as a buffer between the property and surrounding agricultural land.
- Boss Mountain Molybdenum Project (British Columbia, Canada)
NMC Resource signed a LOI with Xstrata Copper Canada with respect to the Boss Mountain molybdenum mine property in March 2011. The mine was operated by Noranda Mines Ltd. to produce molybdenum, at average grades ranging from 0.189% Mo (0.315% MoS2) to 0.26% Mo (0.43% MoS2), from the 1960’s to the mine closure in 1983 due to low Mo Price. The property is located approximately 250 kilometres southeast of Prince George, BC and 85 kilometres east of Williams Lake, BC within Cariboo District.