Type Private Products Molybdenum Headquarters Vancouver, Canada | Industry MiningInvestments Website www.nmcresource.com Parent organization DONG WON CORP | |
'NMC Resource Corporation
Projects
NMC Moland Molybdenum Property is located 170 km 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.
NMC Resource entered into option agreement with Xstrata Canada Corporation, pursuant to which it has acquired an option to purchase Boss Mountain Moly Mine in British Columbia in August, 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 1960s 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.