EMC Metals Files Independent Technical Report and Resource Estimate on Carlin Vanadium Project, Nevada
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NEWS RELEASE TSX: EMC May 27, 2010 NR 10‐ 10 www.emcmetals.com
EMC Metals Files Independent Technical Report and Resource Estimate on Carlin Vanadium Project, Nevada
Vancouver, British Columbia, May 27, 2010 ‐ EMC Metals Corp. (TSX: EMC) (the “Company”) is pleased to announce that further to its press release of May 6, 2010, the Canadian National Instrument 43‐101 (NI 43‐101) independent technical report and resource estimate of the Carlin Vanadium Project has now been filed on SEDAR under the Company’s profile. The technical report is also available on the Company’s website at www.emcmetals.com.
The Carlin Vanadium Project consists of 72 unpatented mineral claims covering ~578 ha, located along the western flank of the Piñon Range within the headwaters of Cole Creek. The property is accessible year round via highway 278 and is located approximately 40 km south of Elko, Nevada, USA.
The technical report dated April 30, 2010, and titled “NI 43‐101 Technical Report on Resources, EMC Metals Corp., Carlin Vanadium Project. Carlin, Nevada”, was prepared by SRK Consulting US. The report outlines a NI 43‐101 compliant inferred resource of 25.4 million tonnes grading 0.515% V2O5 for a total of 289 million lbs of total contained V2O5,. See the table below.
| Carlin Vanadium Project NI43-101 Resource Estimation | ||||||
| Stryhas (2010) of SRK Consulting | ||||||
| Resource Category | Resource Category | Cut-off V O (%) 2 5 | Total (tonnes) | Grade V O (%) 2 5 | Contained V O 2 5 (lbs) | Contained V O 2 5 |
| (lbs) | ||||||
| Inferred 0.30 25,400,000 0.515 289,000,000 |
Notes: This resource estimation was prepared in compliance with the “Best Practices and Reporting Guidelines” set out by CIM and National Instruments 43‐101. It was taken from NI 43‐101 Technical Report on Resources, EMC Metals Corp. Carlin Vanadium Project, Carlin, Nevada written by Bart Stryhas from SRK Consulting in 2010 for EMC Metals Corp. The resource estimation was calculated using a drillhole database, compiled by EMC Metals verified by SRK and, containing information from 152 drillholes totaling 11,135m (36,525ft). The drillhole depths range from approximately 6m (20ft) to 150m (500ft) with an average of 73m (240ft). The resource estimation was made using an Inverse Distance Weighting Squared interpolation method (ID2). The resource is confined within a 0.1% V2O5 grade shell constructed by generating cross‐section polygon outlines at nominal 200ft spacing. A weighted average density of 2.34g/cm3 was used for the mineralized lithologies. The resource was estimated as short tons and then converted to metric tons for this press release.
Technical information in this news release has been reviewed and approved by Gilles R. Dessureau, M.Sc. P.Geo, a Qualified Person for the purposes of NI 43‐101 and an employee of the Company.
About EMC Metals
EMC Metals is focused on sustainable growth through the development and application of technology for specialty and exotic metal projects. Through successful business developments, EMC intends to utilize its in‐house and patented technologies to further its efforts in maximizing opportunities in a number of specialty metals including the Nyngan Scandium Joint Venture with Jervois Mining Ltd. of Melbourne, Australia while also planning for future opportunities from its Carlin Vanadium Project, Fostung Tungsten Project and Springer Tungsten Facility, which has a fully permitted 1,200 tpd milling facility.
For additional information please contact:
EMC Metals Corp.
Investor Relations: (604) 648‐4653 or [email protected].
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward‐looking information that involve various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and EMC’s plans and objectives to differ materially from those expressed in the forward‐looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, EMC assumes no obligation to update forward‐looking information should circumstances or management's estimates or opinions change.