Brossard (Quebec) / December 22, 2015 - Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), is extremely pleased to provide summary information regarding its Thermal Fragmentation activities in Australia with its distributor SAFESCAPE. As publicly announced by way of a press release on April 27th, 2015, Nippon and SAFESCAPE entered into an exclusive Thermal Fragmentation distributorship agreement for Australia, New Zealand, Papua New Guinea, Indonesia and the Philippines. In November, 2015, two Thermal Fragmentation units (“Mini-Dragons”) were delivered to SAFESCAPE’s premises in Forrestfield, Western Australia, followed by Nippon’s employees, whose mandate was to train SAFESCAPE’s employees.
The first few days were focussed on theoretical training of the unit, then more specifically on the thermal head, followed by accelerated training in the field devoted to fragmenting rock within pre-drilled pilot holes. Various ‘thermal recipes’ were tested in order to demonstrate the effects of the ‘thermal cushion’ on the rock. A total of 3 holes were fragmented including: a 13 metre horizontal (flat) hole, an 11 metre up hole and a 9 metre down hole.
“The quality of fragmented holes was remarkable, I am confident that our distributor SAFESCAPE will provide quality service to its potential customers” stated Donald Brisebois, Nippon’s President & CEO.
Mr. Steve Durkin, Managing Director of
SAFESCAPE reports: “We excavated holes in medium to hard mudstone and
quartz reef, our material fragmented well and we are excited by the
potential to apply this technology elsewhere both for stoping and slot
SAFESCAPE manufactures and installs the Safescape Laddertube escapeway system to mining and other industries. SAFESCAPE commenced operations in 2010, since then, over 12,000m of Laddertube have been installed worldwide. With offices in Bendigo, Victoria, Perth, Western Australia and Denver USA, SAFESCAPE is able to meet the needs of mining companies globally. SAFESCAPE’ vision is to create a safer and better underground mining workplace globally and its success has been recognized through various awards. Please visit the website www.safescape.com
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.
For additional information:
John Stella, Investor relations (514) 718-7976 email@example.com
Donald Brisebois, President & CEO (450)510-4442 firstname.lastname@example.org
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
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer