AMV AMV Capital Corporation

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) (the "Company" or
"NEVADO") is pleased to announce metallurgical test work results on NEOMET
Technologies Inc. ("NEOMET") ongoing Stage 2 mini-plant campaign from the
Farrell-Taylor oxides mineralization of NEVADO's wholly owned La Blache
Iron-Titanium-Vanadium Project (the "Project") near Baie Comeau, Quebec. 


The Stage 1 metallurgical testing (refer to the Company news release dated April
18, 2011) of the NEVADO oxides mineralization by NEOMET's patented NEOMET
Process had indicated greater than 90% recovery of Iron and greater than 95%
recovery of Vanadium from the oxide mineralization into a final high purity
product. Ammonium Metavanadate ("AMV"), the precursor to V2O5 (Vanadium
pentoxide), was recovered from the leach solution at a purity of 99.9%. NEOMET
had also demonstrated that Titanium could be 100% recovered from the leach
solution into a TiO2 (titanium dioxide) product suitable for further processing
to pigment grade TiO2. 


The heart of the NEVADO's planned metallurgy campaign is NEOMET's unique and
patented Acid Recovery and Regeneration Process, which based on third party
evaluations, operates at a fraction of the cost compared to more conventional
and energy consuming technologies such as pyrohydrolysis, especially when the
latter is coupled with solvent extraction for Iron and/or Titanium.
Simultaneously, the NEOMET Process produces higher grade hematite of greater
than 99% purity (Iron oxide), which is a premium product suitable for the
pigment market or for processing into higher quality steels. 


Highlights to date of the Stage 2 mini-plant campaign are summarized as follow: 



--  The mini-plant circuit was conceived and set up as a continuous
    operation process; 

--  High extractions of greater than 90% Titanium and Vanadium were
    achieved;

--  Titanium was easily and effectively precipitated directly from the leach
    liquor as TiO2 of purity greater than 98%; 

--  TiO2 was easily upgraded to a product of greater than 99.9% purity in a
    second step, offering the option of marketing two product grades; 

--  High purity Vanadium (greater than 99.9% pure as ammonium metavanadate
    or AMV) was also recovered; 

--  The dissolution of the minor elements present in oxides mineralization
    (Aluminum, Magnesium, Calcium and Manganese) are not a cause for concern
    in the NEOMET process and may be opportunities for value-added by-
    products; 



Dr. Bryn Harris, Ph.D., President and Chief Science Officer of NEOMET added "We
have now d shown the ability of the NEOMET patented process to treat the NEVADO
oxides mineralization, and to generate a suite, rather just one, of valuable
products to take to market. Further process optimization for Iron and Vanadium
specific to NEVADO's oxide minerals are ongoing at the present time as part of
the Stage 2 mini-pilot plant campaign scheduled to be completed before year-end.
With a small amount of additional work we could potentially proceed to the
running of a second, more integrated circuit, such as the one tonne per day
pilot plant at NEOMET's facilities during 2012." 


Dr. Harris also stated "Leaching is a simple, rapid and effective process
method, requiring no heat input, and able to operate at high solids loading, all
of which minimize both the capital and operating costs of the leaching circuit.
Sufficient information has now generated to allow for a rigorous process model
to be compiled, which will enable both capital and operating costs to be
estimated at the Preliminary Economic Assessment level." 


About Nevado Resources Corporation

NEVADO is a Canadian junior resource company trading under the symbols VDO on
the TSX Venture Exchange and BIZ on the Frankfurt Stock Exchange. NEVADO owns
1,906 mineral claims or an equivalent of 995 km2 in the Baie-Comeau, Fermont and
Eastern Townships regions of Quebec. The Company is currently focused on
advancing the La Blache Iron-Titanium-Vanadium Project in the Baie-Comeau region
towards National Instrument 43-101 mineral resources and development. 


About NEOMET Technologies

NEOMET develops, owns and markets high-performance proprietary metals processes
and technologies and owns a comprehensive portfolio of process and industrial
design patents and revolutionary, commercially sustainable systems for
recovering high grade value metals from crushed ore to compound concentrates and
refractory deposits, and all without any detriment to the environment. Please
visit the NEOMET website at www.neomet.com. 


The technical information in this news release was prepared by Mr. Jean Lafleur,
M.Sc., P. Geo., Project Manager of NEVADO's La Blache Project, and a Qualified
Person under NI 43-101 regulations. 


Please visit the NEVADO website at www.nevadoresources.com 

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.

AMV Capital (TSXV:AMV)
Historical Stock Chart
From Apr 2024 to May 2024

AMV Capital (TSXV:AMV)
Historical Stock Chart
From May 2023 to May 2024