Vior and Iluka Commence Drilling ON Selected Targets at Foothills, St-Urbain, Quebec Québec, Canada, Novem Ber 14 , 2017 - Société D’Exploration Minière
VIOR AND ILUKA COMMENCE DRILLING ON SELECTED TARGETS AT FOOTHILLS,
ST-URBAIN, QUEBEC
QUÉBEC, CANADA, NOVEM BER 14 , 2017 - SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR
INC. (TSX VENTURE (VIO), FR ANKFURT (VL5 1) (“Vior”) , in partnership with ILUKA
EXPLORATION (CANADA) LTD. , a wholly -owned subsidiary of ILUKA RESOURCES LTD.
(ASX: ILU) (“Iluka” ) - is pleased to announce that it has commenced an exploration drilling
program consisting of 4 holes totaling 1,200 metres on specific geophysical and geological
targets identified on its Foothills Property, located near St-Urbain, 100 km east of Quebec City.
The Foothills project is comprised of 840 map -designated claims over 473 square-kilometers
covered by the St-Urbain and the Lac Malbaie Anorthositic Complexes where kilometric trains of
rutile-rich ilmenite blocks and fragments were identified. Ilmenite blocks which contain visually
significant amounts of rutile minerals have returned assays containing titanium dioxide (TiO2)
values ranging from 42.1% to 57.6%, with an average of 52.5%. Many extensive titanium
showings were discovered by field prospecting in areas bordering magnetic anomalies
generated from the helicopter-borne high-resolution magnetic survey completed during the
winter of 2015 and 2016.
The current drilling program on Foothills will be testing coinciding magnetic and gravimetric
targets within the St -Urbain anorthosite only , one of the drill targets is characterized by the
presence of a cluster of massive ilmenite showings in its vicinity. Additional exploration drilling
is also planned on Foothills for 2018.
Ground gravity
An 80- line-kilometer ground gravity survey is underway in the western part of the Foothills
Project within the Lac Malbaie Anorthositic Complex. This sector is characterized by the
presence of rutile- rich ilmenite blocks oriented along a glacial train. The gravity method is a
major exploration tool for delineating the signature of massive ilmenite mineralization in
anorthositic rocks. The gravity anomalies will be followed up during the field season of 2018.
Pursuant to the terms of the Option Agreement between Vior and Iluka (as amended), Iluka has
now met its obligation to fund the initial expenditure amount of $500,000. Accordingly, Iluka
now has the right to at any time initiate the unincorporated Joint Venture with Vior where the
parties’ initial participating interests will be Iluka 51% and Vior 49%. At the time Iluka elects to
initiate the Joint Venture, Iluka will also take a 51% registered interest in the exploration clai ms
that are the subject of the Option Agreement. Iluka may earn an additional 39% interest in the
Project by funding additional exploration expenditures of $2,200,000 before March 8th, 2019.
PRESS RELEASE
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In the industry, most of rutile and ilmenite is processed into non- toxic white titanium dioxide
pigment for use in the manufacture of paints, plastics, paper, textiles, cosmetics and ceramics.
Rutile is also used to produce titanium metal for use in aircraft, spacecraft, surgical implants,
motor vehicles and desalination plants (source: Geoscience Australia website).
About Vior
Vior is a junior company whose corporate strategy is to generate, explore, and develop quality
projects in the best proven and accessible mining regions. Through the years, Vior’s
management and technical team has demonstrated its ability to discover numerous gold
deposits and other mineral prospects on its properties.
The technical content disclosed in this press release was prepared and approved by Mr. Marc
L'Heureux, P.Geo., who is the Company's Qualified Person as per NI 43-101.
For further information, please contact:
Mark Fedosiewich Marc L’Heureux
President and CEO Vice-president, Exploration
Tel.: 613-898-5052 Tel.: 450-746-1771
[email protected] [email protected]
Website: www.vior.ca
SEDAR: Société d’exploration minière Vior inc.
Neither the TSX Venture Exchange nor i ts 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.