Vertical Announces Further Update ON Its Wollastonite Project
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Suite 1240- 789 West Pender St.
Vancouver, British Columbia V6C 1H2
VERTICAL ANNOUNCES FURTHER UPDATE ON ITS WOLLASTONITE PROJECT
March 21st, 2018, VANCOUVER, B.C. – VERTICAL EXPLORATION INC. (V: VERT.H)
(“Vertical” or “the Company”) is pleased to provide an update on its resource development program at
its St. Onge Wollastonite project in Quebec.
The company wants to inform its shareholders that it has obtained clarifications in a formal written opinion
from the Ministry of Mines of Quebec (MERN) legal department regarding its 100% own Wollastonite
project. The statement basically says that the Wollastonite project can be considered under the Quarry
Law with a BEX (bail d'exploitation miniere permit) as long as the material being produced serve as soil
amendment without concentration.
Following the clarifications obtained by the ministry, the board of vertical having taken knowledge of the
recommendations with its consultants and advisors made the decision to proceed with the various license
applications required to obtain a BEX from the MERN for operation as well as a C ertificate of
Authorization from the MDDELCC and any other permits necessary for the extraction to produce
aggregates and fine products of wollastonite for the purpose o f soil amendment for the agriculture and
cultivation of different plants and other potential markets.
Vertical wants to mention that it is actively working to open new markets in connection with non -
optimized wollastonite product. It is comparable with iron rich project called DSO (Direct Shipping Ore)
where material is mined, crushed, screened and shipped.
This strategy will allow the company in the very short term to generate cash without having to dilute
further and without hav ing to invest significant amount related to the construction of a treatment plant,
thus Vertical confirms its position and its long-term vision regarding the benefits of the use of this unique
mineral by its properties to a responsible and ecological agriculture.
The Company realizes what undertakes a major shift in its development and how it should test its ability
to complete the various stages of the process, hence the importance of starting the project with an approach
based on principles of respect for the communities involved, the environment and the various stakeholders.
The required permit application process will be initiated immediately following the delivery of GoldMinds
Geoservices Inc. technical report so that all required documents are submitted by the end of 2018.
The Company is starting to receive analytical results from its witness core resampling program, results
will be disclosed once all received, validated and interpreted.
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“Written confirmation from the Ministry of Mines in Quebec to define the exact status of the project in
relation to mineral development at St. Onge will make a huge difference in the time needed to advance
the project forward." commented Peter Swistak, President and CEO Vertical Exploration."
The technical and scientific content of this press release has been reviewed and approved by Claude
Duplessis, P.Eng. Qualified Person under National Instrument 43-101.
ABOUT VERTICAL
Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects located
in North America for the benefit of its stakeholders. The Company’s St -Onge Wollastonite property is
located in the Lac-Saint-Jean area in the Province of Quebec.
About St-Onge:
The Historical resources of the property with ancient CIM Vol 45 1992 labelling prior to NI 43 -101
combined measured class I and Class II with the indicated Mineral Resources were of 45.2 MT at 38.19
% Wollastonite using a 30% cut off on wollastonite. The % wollastonite was derived from mineral norm
constitution based on whole rock analysis with COREM. Source: Geostat Systems International report
January 20th 1994. The historical estimates are relevant and present the amount of mineralized materia l
intersected by diamond drill holes in 3D surveyed by legal surveyor. The numbers were prepared with the
standard of the time. Kriging has been used for the interpolation of 10 x 5 x 10m blocks with a density of
2.96. Resampling work is being done and a Lidar survey has been done for a precise topography.
The reader is cautioned that the above referenced “Historical Resource” is considered historical in nature
and as such is based on prior data and reports prepared by previous property owners and the compa ny is
not treating the historical estimate as current mineral resources. The qualified person has not done
sufficient work yet to classify the historical estimate as current resources or mineral reserves.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1 -604-683-3995 Toll Free: 1-888-
945-4770
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and
uncertainty affecting the business of Cavan Ventures Inc. Actual results may differ materially from those
currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exch ange) accepts responsibility for
the adequacy or accuracy of this release.