Trading Symbol - NMD.V
VANCOUVER, March 9, 2015 /CNW/ - Nomad Ventures Inc. (the
"Company") is very pleased to announce the receipt of their
Sand and Gravel Permit for the St. Vincent Bay Quarry, located in
the Sunshine Coast, British
Columbia. This permit is granted by the BC Ministry of
Energy and Mines and indicates the Provincial Government's approval
of Nomad's Work System and Reclamation Plan as prepared and
submitted by the Company on April 23,
2014.
The permit entitles the Company to commence operations on the
property as a commercial sand, gravel and granite quarry.
A reclamation bond has been posted by the Company and has been
accepted by the Ministry of Energy and Mines as part of this
approval process.
The Sand and Gravel Permit allows the Company to begin
production operations at the quarry. Nomad Ventures will
begin by clearing and stripping the mine footprint (raw material
source area) in preparation for sand, gravel and quarried stone
extraction and processing.
The Company is very pleased with the successful accomplishment
of this significant milestone and looks forward to beginning work
on the property as soon as equipment and crews can be
mobilized.
Delivery of aggregate product to customers will begin as soon as
the site is prepared and the mandated official notifications are
made to local communities and the Ministry of Energy and Mines.
The commencement of production on the St. Vincent Bay Property
will not be based on a feasibility study of mineral reserves
demonstrating economic and technical viability and therefore there
is increased uncertainty and risk of failure associated with this
production decision. Production will be subject to the
Company obtaining sales contracts for the purchase of sand, gravel
and/or quarried stone product. The Company is actively
pursuing sales contracts for its products.
James H. Place, P.Geo., a
Director of the company and a Qualified Person as defined in
NI43-101, has reviewed and approved the scientific and technical
content of this news release.
On behalf of the Board of Directors,
"Brent Forgeron"
President
Nomad Ventures Inc.
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They
are not guarantees of future performance. Nomad cautions that all
forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond Nomad's control. Such factors include, among
other things: risks and uncertainties relating to Nomad's ability
to complete the balance of the proposed private placement
financing; and Nomad's limited operating history. Accordingly,
actual and future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as
required under applicable securities legislation, Nomad undertakes
no obligation to publicly update or revise forward-looking
information.
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.
SOURCE Nomad Ventures Inc.