VANCOUVER, BRITISH COLUMBIA -- Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") today announced the engagement of Silvertip Design NW to provide detailed engineering plans for the construction and development of a proprietary pilot reduction furnace for the Tami-Mosi project, located in Central Nevada.
Based on the principles of the Bolzano thermal reduction process, the pilot reduction furnace will include a number of alternative condensers. The unit will be used to process dolomite ore from Tami-Mosi to produce magnesium ingot expected to meet ASTM B-92 grade for magnesium metal. Although not as prolific in global magnesium production as the more costly Pidgeon Process, versions of the Bolzano Process, using ferrosilicon as the reductant, is operated today by a magnesium producer in Brazil. Nevada Clean chose to adopt the Bolzano approach due to the benefits of resistance heating and the simple furnace design required to achieve highly efficient energy utilization, good vacuum integrity and environmentally acceptable.
Operation of the pilot furnace being developed by Nevada Clean will be used to gain critical engineering data for the Company's planned prefeasibility study. More specifically, Nevada Clean will use this data to test a number of condenser designs, prove the quality of the ore from the Tami-Mosi ore body, and generate metal samples for quality assessment by potential future customers. The initial design work being tasked to Silvertip is expected to be completed on or before February 28, 2014. Britt Bell, owner of Silvertip Design NW and a 40-year veteran of the industrial light metals industry, will serve as the chief project designer on the project.
"Nevada Clean is delighted to welcome Britt to our project development team. His depth of mechanical engineering experience, earned working for some of the world's largest light metal industrialists is expected to prove invaluable to our Company as we persist in our mission to become a major U.S. producer and distributor of magnesium metal to the global markets."
About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in late 2011, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.
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Forward Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include statements about the closing a joint venture and private placement.
Actual results may differ materially from those currently anticipated due to a number of factors, including that we may not be able to agree on final terms with ScanMag, that the Company's dolomite reserves may not mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
Kathy Addison, Chief Operating Officer
Release ID: 34395