VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/27/12 -- Edward Lee, President of Nevada Clean Magnesium Inc. (TSX VENTURE: NVM)(PINKSHEETS: MLYFF)(FRANKFURT: M1V) ("NevadaCMI" or the "Company"), is pleased to announce the engagement of Ron Hall, B.Sc., to the Technical Advisory Committee and the staking of a prospective quartz property located near the proposed magnesium facility to be located east of Wells, Nevada.
Mr. Ron Hall, B.Sc.
Mr. Hall has over 35 years of practical international experience in project planning, management, operation, evaluation and design of global mining projects.
Recently he retired from Wardrop Engineering Inc. (now Tetra Tech) as Vice President of the mining division, his area of responsibility was in project planning and oversight. Additionally, he was responsible for starting the Wardrop office in Vancouver where he became a Partner in the firm 2005. He then proceeded to open offices in the UK, Beijing, Chile, Brazil, Hong Kong and Perth.
Mr. Hall has a B.Sc. (Hons) degree in Metallurgy from the University of Wales and has operated both nickel/copper concentrators up to 80,000 tonnes per day which included smelter and furnace operations.
James Sever, Chief Operating Officer of Nevada CMI is quoted to say, "Ron's addition to our team will be a major asset enabling us to stay on target and in budget with the project's extensive tasks and complex timelines. He is key to holding the various contractors and consultants accountable throughout the planned Prefeasibility phase."
Quartz Prospect
Initial surface grab test samples demonstrate the quartz composition to be very clean and possibly suitable for the production of 75% Ferrosilicon ("FeSi").
As shown in the Preliminary Economic Assessment completed by Wardrop (a Tetra Tech Company) September 15, 2011, the quartz component of the ferrosilicon production process is currently identified as a purchased expense. With the development of a nearby quartz supply, this cost may potentially be reduced.
An exploration program will be developed to test the prospect.
About Ferro silicon Production
The process of making ferrosilicon is very old. It was one of the original processes developed with the invention of the electric arc furnace which occurred in the 19th century. Commercial production of the product began in the early 20th century.
Quartz is the primary raw material used in the production of ferrosilicon. The other raw materials are iron scrap (or iron ore), coal and wood chips. These ingredients are placed in an electric arc furnace and heated to a very high temperature. The carbon in the coal removes the oxygen from the quartz allowing the silicon to dissolve into the liquid iron resulting in the ferrosilicon alloy.
Depending on the recipe and operation of the furnace, ferrosilicon can typically range in composition from 25% silicon in iron to greater than 75% silicon in iron. Our target product will be 75% silicon in iron for use as the reductant to produce magnesium from dolomite.
In addition to the production of magnesium, ferrosilicon is used for dense media separation and is highly sought after as an alloying agent in the iron, steel and aluminum industries.
About Tami-Mosi Magnesium Project
The Tami-Mosi magnesium project poses the ability to exploit its inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis on the project, completed by Wardrop Engineering (a Tetra Tech Company), which shows an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Nevada Clean Magnesium Inc.
Nevada CMI is a diversified precious, specialty and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
This news release has been reviewed by James Sever, P. Eng., a qualified person recognized under National Instrument 43-101.
On Behalf of Management
Edward Lee, President
For all Nevada Clean Magnesium Inc. investor relations needs, investors are asked to visit the website at www.nevadacmi.com.
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This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission. We seek safe harbor.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Nevada Clean Magnesium Inc.
Edward Lee
President
604-531-9639
604-531-9634 (FAX)
info@nevadacmi.com
www.nevadacmi.com
