Nevado Resources Corporation: Granting of Options
January 07 2011 - 2:40PM
Marketwired
NEVADO RESOURCES CORPORATION (TSX VENTURE: VDO)(FRANKFURT: NSV)
(the "Corporation" or "Nevado") announces, following the changes to
the management, the granting, pursuant to its Stock Option Plan, of
2,150,000 options to its officers, consultants and directors. Each
option is exercisable at a price of $0.46 for a period of five
years from the date of grant.
About Nevado Resources Corporation
Nevado Resources Corporation is a mineral exploration company
listed under the symbol VDO on the TSX Venture Exchange and under
the symbol NSV on the Frankfurt Exchange. Nevado owns 6 properties
comprising 1,390 mining claims totalling 757 km2 in the Province of
Quebec in two separate metallogenic environments, one in high grade
iron-titanium-vanadium and one in gold.
Nevado's higher grade Iron-Titanium-Vanadium
(magnetite-ilmenite) property comprises 2 claim blocks totalling
773 claims for 315 km2 situated in the La Blache Anorthositic
Complex, located 145 km north of the city of Baie-Comeau and its
port on the St. Lawrence Seaway. In 2011, Nevado plans to quickly
advance the property to the drilling stage for NI 43-101 compliant
mineral resource delineation.
Nevado's gold assets comprise 5 properties totalling 442 km2
located 10 km south and southeast of Thetford Mines (Eastern
Townships, Quebec), approximately 150 km east of Montreal.
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.
Contacts: Nevado Resources Corporation Mr. Michael Curtis Acting
President and Chief Executive Officer 514-793-1915
www.nevado.ca
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