VanadiumCorp Intercepts 0.66% V(2)O(5) over 29.4 Metres at Lac Doré, Québec
VanadiumCorp Intercepts 0.66% V(2)O(5) over 29.4
Metres at Lac Doré, Québec
VANCOUVER
,
March 16, 2020
/CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") ("VanadiumCorp" or the
"Company"), is pleased to announce the drilling results for the first three holes from the Company's summer-fall
2019 infill and extension drilling program at its Lac Doré Vanadium property. The Lac Doré Vanadium property is
located 27 km east-southeast from the city of
Chibougamau
, in Eeyou Istchee James Bay Territory, Northern
Québec. The
Chibougamau
area is host to several vanadiferous titanomagnetite (VTM) deposits, including the
Southwest and Armitage deposits on the adjacent Blackrock property (BlackRock Metals Inc.) and the South and
North Zone deposits on the Mont Sorcier project to the North (Vanadium One Iron Corp).
The 2019 drill program targeted the Company's Lac Doré Vanadium prospect where historical drilling and surface
channel sampling conducted between 1958 and 2013 have revealed the presence within property limits of massive,
semi-massive and disseminated bands of VTM mineralization along a 2 km long by
200 m
wide and minimum
200
m
deep corridor.
The Lac Doré Vanadium property lies on the southern flank of the Lac Doré anorthosite complex of
Chibougamau
and straddles the layered magmatic zone, which hosts the VTM mineralization. This layered magmatic zone has
been traced by historical geophysics, drilling and mapping over a linear distance of 20 km.
Highlights:
Complete assay results received for three (3) holes out of the 35 holes drilled in 2019 (Figure 1).
All three holes intersected significant VTM mineralization.
Best intercepts include:
Hole LD-19-002 drilled at -45
o
to a depth of
222 m
intersected
29.4 m
* grading 0.66% V
2
O
5
(from
119.9
m
to
152.3 m
, core-length; Table 1; Figure 2), including
9.1 m
* grading 0.73% V
2
O
5
(from 122.8 to
132.8
m
, core-length);
Hole LD-19-022 drilled at -45
o
to a depth of
282 m
intersected
26.8 m
* grading 0.59% V
2
O
5
(from
102.9
m
to
132.5 m
, core-length; Table 1; Figure 3), including
4.8 m
* grading 0.73% V
2
O
5
(from
118.4 m
to
123.7 m
core-length; Table 1; Figure 3);
Hole LD-19-24 drilled at -60
o
to a depth of
240 m
intersected
10.7 m
* grading 0.72% V
2
O
5
(from 172.3
to 186.3 core-length; Table 1; Figure 2) and
12 m
* grading 0.72 % V
2
O
5
(from
203.7 m
to
219.4 m
core-
length; Table 1; Figure 2).
Mineralization occurs as layers of massive, semi-massive and disseminated magnetite, ranging from 20% to
>50% magnetite content, based on visual estimates. V
2
O
5
:Fe
2
O
3
ratios suggest potential for high-V
2
O
5
magnetite concentrates with >1.5% V
2
O
5
, consistent with historical Davis Tube testwork results.
Davis Tube magnetic separation testwork and assaying of concentrates have commenced on selected
intervals from these three drill holes, and the results will confirm the grade of the vanadium in magnetite
concentrates from each of the zones.
*
True thickness. True thicknesses have been estimated by assuming a dip of the layering of 70° to the SE, and the plunge of the drill hole towards the NW (-45° for LD-19-002 and LD-19-022 or -60°
for LD-19-024).
Adriaan Bakker
, President and CEO of VanadiumCorp, states: "
We are extremely pleased with the results of the
first three drill holes on our Lac Doré Vanadium prospect. Our strategy to try to identify potential high-grade
vanadium zones within the VTM-bearing stratigraphy through detailed systematic sampling is starting to pay-off
with 12 intercepts grading a minimum of 0.5% V
2
O
5
over at least
5 m
* identified in the first three holes,
culminating in a
29.4 m
* intercept grading 0.66% V
2
O
5
in hole LD-019-002. While we await the assay results for
the remaining 32 holes, InnovExplo is building the drill database and geological sections needed to prepare the
maiden mineral resources statement for the Lac Doré Vanadium prospect.
"
Table 1: Summary of the significant intersections, with weighted average grades for V
2
O
5
, Fe
2
O
3
and TiO
2
,
intersected core lengths, and estimated true thicknesses.
HOLE-ID
FROM
(m)
TO
(m)
CORE
LENGTH
(m)
ESTIMATED TRUE
THICKNESS (m)
V2O5
(%)
Fe2O3
(%)
TiO2
(%)
Zone
LD-19-002
INCLUDING
10.0
20.5
10.5
9.5
0.53
55.13
12.95
P3
11.5
14.1
2.6
2.4
0.63
59.00
14.95
LD-19-002
INCLUDING
AND
85.1
104.3
19.2
17.4
0.66
58.19
12.73
P2
87.0
89.7
2.7
2.4
0.74
66.15
15.23
92.0
102.5
10.5
9.5
0.75
65.34
14.20
LD-19-002
INCLUDING
AND
119.9
152.3
32.5
29.4
0.66
53.18
10.57
P2
122.8
132.8
10.0
9.1
0.73
60.09
12.50
143.5
151.0
7.5
6.8
0.80
60.46
11.46
LD-19-002
INCLUDING
154.5
160.8
6.3
5.7
0.77
55.78
10.55
P2
156.5
160.8
4.3
3.9
0.84
59.63
11.35
LD-19-002
165.3
176.6
11.3
10.2
0.70
49.13
8.74
P1
LD-19-002
181.0
185.9
4.8
4.4
0.54
38.41
6.52
P1
LD-19-022
INCLUDING
42.9
60.0
17.2
15.5
0.48
52.88
12.62
P3
52.5
58.5
6.0
5.4
0.59
60.55
14.50
LD-19-022
INCLUDING
AND
102.9
132.5
29.6
26.8
0.59
48.46
9.23
P2
102.9
115.0
12.1
11.0
0.66
55.21
11.50
118.4
123.7
5.4
4.8
0.73
55.86
10.52
LD-19-022
INCLUDING
AND
143.5
164.9
21.4
19.4
0.45
35.05
5.39
P2
146.5
148.0
1.5
1.4
0.79
56.00
9.62
162.7
164.9
2.2
2.0
0.72
49.40
8.21
LD-19-022
173.0
185.7
12.7
11.5
0.42
33.04
4.67
P2
LD-19-022
INCLUDING
195.7
204.1
8.4
7.6
0.51
39.57
5.51
P2
201.7
203.0
1.3
1.2
0.83
56.30
8.77
LD-19-022
218.1
227.4
9.3
8.4
0.49
35.18
5.28
P1
LD-19-022
232.5
235.8
3.3
3.0
0.28
21.73
3.18
P0
LD-19-022
252.5
255.3
2.9
2.6
0.41
30.73
4.03
P0
LD-19-024
INCLUDING
25.0
36.5
11.5
8.8
0.51
52.91
11.89
P3
27.9
35.0
7.1
5.4
0.63
62.29
14.23
LD-19-024
104.0
109.0
5.1
3.9
0.73
65.65
14.88
P2
LD-19-024
113.6
117.1
3.5
2.7
0.58
53.86
11.16
P2
LD-19-024
127.0
136.9
9.9
7.6
0.62
52.49
11.27
P2
LD-19-024
151.7
157.3
5.6
4.3
0.73
58.90
12.38
P2
LD-19-024
INCLUDING
172.3
186.3
14.0
10.7
0.72
53.48
10.57
P2
182.5
185.5
3.0
2.3
0.87
63.40
12.30
LD-19-024
191.8
198.1
6.3
4.8
0.80
57.36
10.61
P2
LD-19-024
INCLUDING
203.7
219.4
15.7
12.0
0.72
51.07
9.40
P2
217.0
219.4
2.4
1.8
0.90
62.58
11.00
LD-19-024
225.2
235.2
10.0
7.7
0.48
35.89
5.72
P1
2019 exploration program
The summer-fall 2019 exploration program conducted at the Lac Doré Vanadium property was designed by the
Company with the aid of mining industry consultants InnovExplo of
Val-d'Or
, Québec and CSA Global of
Vancouver, BC
. The exploration program was managed by InnovExplo of
Val-d'Or
, Québec under the supervision
of the Table Jamésienne de Concertation Minière (TJCM) of
Chibougamau
, Québec.
The infill and extension drilling program was the main component of the 2019 exploration program. Thirty-five (35)
holes were drilled (total:
9,196 m
) within the outline of the corridor hosting banded VTM mineralization that was the
focus of historic drilling, including 28 holes drilled to map the continuity of VTM mineralization between historic
holes (
7,642 m
) and seven (7) holes drilled to twin historic holes (total:
1,554 m
). The drilling was carried out by
Miikan Drilling Ltd of
Chibougamau
.
Drill core samples (half-core) are submitted to SGS Canada Inc.'s facilities in
Val d'Or
and
Quebec City, Quebec
for preparation. The entire sample is dried as required and crushed to 75% passing 2 mm. A 1000-1500 g
subsample is then split out and pulverized to 85% passing 75 μm and ~150 g subsample taken for head assays.
Samples are then shipped to SGS Canada Inc.'s facility at
Lakefield, Ontario
for Whole Rock Analysis (WRA)
performed by X-Ray Fluorescence spectroscopy (XRF). The SGS facilities are ISO/IEC 17025 standard certified
for the methods used, and all analytical methods include quality control materials at set frequencies with
established data acceptance criteria. The suite of elements analysed includes SiO
2
, Al
2
O
3
, Fe
2
O
3
, MgO, CaO,
Na
2
O, K
2
O, TiO
2
, P
2
O
5
, MnO, Cr
2
O
3
, V
2
O
5
, and Loss on Ignition (LOI).
Strict QA/QC protocols designed by InnovExplo and CSA Global was implemented to ensure the assay results are
relevant, reliable and in accordance with industry standards, CIM Mineral Exploration Best Practice Guidelines
(CIM Exploration Guidelines, 2018) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects
(NI 43-101) disclosure requirements.
The QAQC Protocol is as follows:
Minimum 5% appropriate VTM standards to be inserted into the sample stream (i.e. 1 standard per 20 samples);
Minimum 5% blanks to be inserted into the sample stream;
All coarse rejects and pulps to be collected from the laboratory
5% of pulps to be resubmitted to SGS in later batches as duplicates with new sample numbers
5% of pulps to be submitted to an umpire laboratory
https://www.vanadiumcorp.com/releases/vanadiumcorp-intercepts-0-66-v2o5-over-29-4-metres-at-lac-dore-quebec/
The details of the first results received from the laboratory are presented in table below (Lengths are expressed
along drill core axis. The true thickness was not determined):
Hole Id
From
To
Core
length
V2O5
(%)
High
Grade
interval
V2O5
(>0.6%)
Grade
interval
V2O5
(>0.3%)
Fe2O3
(%)
High
Grade
interval
Fe2O3
(>45%)
Grade
interval
Fe2O3
(>30%)
TiO2
(%)
High
Grade
interval
TiO2
(>9%)
Grade
interval
TiO2
(>5%)
10.0
11.5
1.5
0.58
0.53 % over
56.60
55.13 % over
14.00
12.95 % over
11.5
13.0
1.5
0.61
0.63 % over
10.5 m
60.10
59.00 % over
10.5 m
14.70
14.95 % over
10.5 m
13.0
14.1
1.1
0.65
2.6 m
57.50
2.6 m
15.30
2.6 m
14.1
14.8
0.7
0.13
22.10
2.77
14.8
16.0
1.3
0.45
48.70
9.86
16.0
17.5
1.5
0.62
61.20
14.30
17.5
19.0
1.5
0.55
65.10
15.50
19.0
20.5
1.5
0.43
50.60
11.50
47.5
49.0
1.5
0.61
0.61 % / 1.5 m
59.80
59.80 % / 1.5 m
13.80
13.80 % / 1.5 m
85.1
86.0
0.9
0.62
0.66 % over
57.00
58.19 % over
12.80
12.73 % over
86.0
86.4
0.4
0.12
19.2 m
15.30
19.15 m
2.72
19.2 m
86.4
87.0
0.6
0.69
62.80
14.20
87.0
88.5
1.5
0.73
0.74 % over
66.50
66.15 % over
15.10
15.23 % over
88.5
89.7
1.2
0.75
2.7 m
65.70
2.7 m
15.40
2.7 m
89.7
91.3
1.6
0.04
11.20
1.39
91.3
92.0
0.8
0.66
58.30
13.40
92.0
93.5
1.5
0.74
0.75 % over
65.70
65.34 % over
14.50
14.20 % over
93.5
95.0
1.5
0.76
10.5 m
66.20
10.5 m
14.60
10.5 m
95.0
96.5
1.5
0.73
65.30
14.20
96.5
98.0
1.5
0.77
66.80
14.70
98.0
99.5
1.5
0.81
68.70
15.00
99.5
101.0
1.5
0.74
62.40
13.20
101.0
102.5
1.5
0.73
62.30
13.20
102.5
103.5
1.0
0.69
60.10
12.90
103.5
104.3
0.8
0.53
48.10
10.70
119.9
121.3
1.5
0.59
0.66 % over
52.10
53.18 % over
10.70
10.57 % over
121.3
122.8
1.5
0.68
32.45 m
59.40
32.45 m
12.00
32.45 m
122.8
124.3
1.5
0.73
0.73 % over
61.70
60.09 % over
12.90
12.50 % over
124.3
125.8
1.5
0.76
10.0 m
63.10
10.0 m
13.20
10.0 m
125.8
127.3
1.5
0.65
55.50
11.30
127.3
128.8
1.5
0.67
54.60
11.20
128.8
130.3
1.5
0.78
62.40
13.10
130.3
131.3
1.0
0.78
62.70
13.10
131.3
132.8
1.5
0.76
61.50
12.90
132.8
134.3
1.5
0.61
49.80
10.10
134.3
135.8
1.5
0.67
54.40
11.30
135.8
137.0
1.2
0.77
59.60
12.10
137.0
137.8
0.8
0.70
56.30
11.20
137.8
138.4
0.5
0.17
23.10
2.86
138.4
139.5
1.2
0.48
37.00
7.58
139.5
139.9
0.4
0.03
9.93
0.68
LD-19-002
139.9
140.4
0.4
0.69
53.70
10.70
140.4
141.4
1.0
0.11
15.00
1.98
141.4
141.8
0.5
0.44
37.30
7.10
141.8
142.2
0.4
0.07
13.00
1.71
142.2
143.5
1.3
0.51
40.50
8.11
143.5
145.0
1.5
0.76
0.80 % over
58.60
60.46 % over
11.50
11.46 % over
145.0
146.5
1.5
0.81
7.5 m
61.20
7.5 m
11.60
7.5 m
146.5
148.0
1.5
0.73
55.40
10.50
148.0
149.5
1.5
0.85
64.80
12.00
149.5
151.0
1.5
0.83
62.30
11.70
151.0
152.3
1.3
0.63
46.70
8.58
154.5
155.5
1.0
0.60
0.77 % over
45.70
55.78 % over
8.40
10.55 % over
155.5
156.5
1.0
0.67
6.3 m
49.30
6.3 m
9.30
6.3 m
156.5
158.0
1.5
0.79
0.84 % over
55.40
59.63 % over
10.60
11.35 % over
158.0
159.5
1.5
0.86
4.3 m
61.30
4.3 m
11.70
4.3 m
159.5
160.8
1.3
0.86
62.60
11.80
165.3
166.8
1.5
0.80
0.70 % over
57.00
49.13 % over
10.60
8.74 % over
166.8
168.3
1.5
0.79
11.3 m
55.80
11.3 m
9.96
11.3 m
168.3
169.8
1.5
0.76
50.40
9.54
169.8
170.8
1.0
0.75
53.40
9.16
170.8
171.4
0.6
0.93
64.50
11.50
171.4
172.3
0.9
0.22
17.60
2.93
172.3
173.5
1.2
0.75
52.30
9.22
173.5
174.9
1.4
0.32
24.30
4.08
174.9
175.9
1.0
0.90
61.50
10.60
175.9
176.6
0.7
0.92
64.10
10.90
181.0
182.0
1.0
0.53
0.54 % over
40.20
38.41 % over
6.23
6.52 % over
182.0
182.5
0.5
0.95
4.8 m
64.50
4.8 m
10.60
4.8 m
182.5
183.8
1.3
0.38
26.20
4.25
183.8
184.6
0.8
0.73
51.80
8.81
184.6
185.4
0.8
0.25
17.30
3.12
185.4
185.9
0.4
0.82
58.30
11.80
42.9
44.5
1.6
0.46
0.48 % over
53.10
52.88 % over
13.60
12.62 % over
44.5
45.9
1.4
0.52
17.2 m
60.20
17.2 m
14.60
17.2 m
45.9
47.5
1.6
0.42
50.30
11.70
47.5
49.0
1.5
0.49
55.60
13.50
49.0
49.6
0.6
0.04
13.70
1.04
49.6
51.0
1.5
0.44
48.70
11.70
51.0
52.5
1.5
0.39
45.80
10.30
52.5
54.0
1.5
0.52
0.59 % over
55.10
60.55 % over
13.30
14.50 % over
54.0
55.5
1.5
0.55
6.0 m
57.70
6.0 m
13.80
6.0 m
55.5
57.0
1.5
0.62
62.80
15.00
57.0
58.5
1.5
0.67
66.60
15.90
58.5
60.0
1.5
0.41
42.00
10.10
102.9
104.4
1.5
0.65
0.66 % over
0.59 % over
55.00
55.21 % over
48.46 % over
12.20
11.50 % over
9.23 % over
104.4
105.8
1.4
0.67
12.1 m
29.60 m
56.90
12.1 m
29.60 m
12.40
12.1 m
29.60 m
105.8
107.0
1.2
0.60
51.70
11.10
107.0
108.0
1.0
0.72
59.40
12.70
108.0
109.5
1.5
0.68
57.70
12.00
109.5
112.0
2.5
0.67
55.50
11.20
112.0
113.5
1.5
0.70
55.70
11.30
113.5
115.0
1.5
0.58
50.40
9.65
115.0
116.6
1.6
0.06
23.40
1.28
116.6
117.8
1.2
0.69
52.90
10.40
117.8
118.4
0.6
0.31
28.20
4.87
118.4
120.0
1.7
0.74
0.73 % over
55.40
55.86 % over
10.70
10.52 % over
120.0
121.5
1.5
0.66
5.4 m
51.90
5.4 m
9.61
5.4 m
121.5
123.7
2.2
0.77
58.90
11.00
123.7
124.8
1.1
0.36
27.70
5.39
124.8
125.8
1.0
0.42
32.40
5.82
125.8
127.5
1.7
0.54
43.50
7.37
127.5
129.0
1.5
0.62
48.10
8.31
129.0
130.0
1.0
0.54
44.10
7.35
130.0
130.9
0.9
0.04
12.70
1.13
130.9
132.5
1.6
0.72
0.72 % / 1.6 m
54.90
54.90 %
/ 1.6 m
9.86
9.86 % / 1.6 m
143.5
145.0
1.5
0.42
0.45 % over
35.10
35.05 % over
5.26
5.39 % over
145.0
146.5
1.5
0.48
21.4 m
39.90
21.4 m
6.04
21.4 m
146.5
148.0
1.5
0.79
0.79 % / 1.5 m
56.00
56.00 % /
1.5 m
9.62
9.62 % / 1.5 m
148.0
149.5
1.5
0.36
30.20
4.25
149.5
151.0
1.5
0.36
30.60
4.31
151.0
152.5
1.5
0.57
43.40
6.99
152.5
154.0
1.5
0.48
36.70
5.71
154.0
155.5
1.5
0.33
27.30
3.80
155.5
158.0
2.5
0.35
28.70
4.32
158.0
159.5
1.5
0.48
36.40
5.42
159.5
161.0
1.5
0.25
21.30
3.01
161.0
162.7
1.7
0.24
20.20
2.86
162.7
164.9
2.2
0.72
0.72 % / 2.2 m
49.40
49.40 %
/ 2.2 m
8.21
8.21 % / 2.2 m
173.0
174.5
1.5
0.46
0.42 % over
34.60
33.04 % over
5.35
4.67 % over
174.5
175.8
1.3
0.74
12.7 m
53.10
12.7 m
8.33
12.7 m
175.8
177.3
1.5
0.30
22.40
3.28
177.3
180.0
2.7
0.40
33.70
4.44
180.0
181.5
1.5
0.38
33.70
4.23
181.5
183.8
2.3
0.39
33.90
4.33
183.8
185.7
1.9
0.33
24.00
3.78
195.7
197.0
1.3
0.35
0.51 % over
29.80
39.57 % over
3.71
5.51 % over
LD-19-022
197.0
199.2
2.2
0.65
8.4 m
47.70
8.4 m
7.06
8.4 m
199.2
200.5
1.3
0.26
23.70
2.80
200.5
201.7
1.2
0.29
27.70
3.02
201.7
203.0
1.3
0.83
0.83 % / 1.3 m
56.30
56.30 % / 1.3 m
8.77
8.77 % / 1.3 m
203.0
204.1
1.1
0.59
46.80
6.58
218.1
219.5
1.4
0.57
0.49 % over
40.20
35.18 % over
6.18
5.28 % over
219.5
221.0
1.5
0.62
9.3 m
43.70
9.3 m
6.66
9.3 m
221.0
222.5
1.5
0.49
34.00
5.10
222.5
223.2
0.7
0.75
52.20
7.87
223.2
224.2
1.0
0.23
17.80
2.46
224.2
225.0
0.8
0.70
48.00
7.25
225.0
226.2
1.2
0.16
14.00
1.93
226.2
227.4
1.2
0.52
37.30
5.57
232.5
234.0
1.5
0.38
0.28 % over
28.50
21.73 % over
4.24
3.18 % over
234.0
235.3
1.3
0.13
3.3 m
10.90
3.3 m
1.51
3.3 m
235.3
235.8
0.5
0.39
29.60
4.37
252.5
254.0
1.6
0.32
0.41 % over
28.40
30.73 % over
3.25
4.03 % over
254.0
255.3
1.3
0.51
2.9 m
33.50
2.9 m
4.97
2.9 m
25.0
26.0
1.0
0.46
0.51 % over
48.30
52.91 % over
11.20
11.89 % over
26.0
26.7
0.7
0.36
11.5 m
35.50
11.5 m
8.78
11.5 m
26.7
27.2
0.5
0.04
13.20
1.02
27.2
27.9
0.7
0.21
26.70
5.00
27.9
29.4
1.5
0.63
0.63 % over
62.20
62.29 % over
14.80
14.23 % over
29.4
30.9
1.5
0.50
7.1 m
54.60
7.1 m
11.40
7.1 m
30.9
32.4
1.5
0.69
66.10
15.20
32.4
33.9
1.5
0.70
65.30
15.10
33.9
35.0
1.1
0.66
63.60
14.80
35.0
36.5
1.5
0.33
45.20
9.53
104.0
105.0
1.1
0.73
0.73 % over
66.00
65.65 % over
15.20
14.88 % over
105.0
106.5
1.5
0.73
5.1 m
66.30
5.1 m
15.20
5.1 m
106.5
108.0
1.5
0.73
65.60
14.80
108.0
109.0
1.0
0.72
64.40
14.20
113.6
115.0
1.4
0.48
0.58 % over
46.30
53.86 % over
9.32
11.16 % over
115.0
116.0
1.0
0.66
3.5 m
59.90
3.5 m
12.60
3.5 m
116.0
117.1
1.1
0.64
58.00
12.20
127.0
128.0
1.0
0.71
0.62 % over
54.80
52.49 % over
12.70
11.27 % over
128.0
129.0
1.0
0.77
9.9 m
64.90
9.9 m
13.60
9.9 m
129.0
130.0
1.0
0.49
42.60
8.63
130.0
131.0
1.0
0.63
54.90
11.40
131.0
131.6
0.6
0.62
53.00
11.20
131.6
133.0
1.4
0.64
54.10
11.70
133.0
134.5
1.5
0.66
56.50
12.30
134.5
135.7
1.2
0.60
51.70
11.60
135.7
136.1
0.4
0.10
15.40
2.09
136.1
136.9
0.8
0.60
52.40
11.20
151.7
153.0
1.3
0.73
0.73 % over
60.10
58.90 % over
12.80
12.38 % over
153.0
154.5
1.5
0.68
5.6 m
55.60
5.6 m
11.50
5.6 m
154.5
156.0
1.5
0.76
59.70
12.60
156.0
157.3
1.3
0.76
60.60
12.70
172.3
173.1
0.8
0.54
0.72 % over
41.70
53.48 % over
8.32
10.57 % over
173.1
174.0
0.9
0.21
14.0 m
17.50
14.0 m
3.18
14.0 m
LD-19-024
174.0
175.0
1.0
0.43
33.70
6.71
175.0
176.5
1.5
0.81
61.60
12.10
176.5
178.0
1.5
0.75
58.70
11.80
178.0
179.5
1.5
0.78
57.50
11.60
179.5
181.0
1.5
0.78
57.20
11.40
181.0
182.5
1.5
0.73
54.30
10.80
182.5
184.0
1.5
0.84
0.87 % over
61.90
63.40 % over
12.10
12.30 % over
184.0
185.5
1.5
0.89
3.0 m
64.90
3.0 m
12.50
3.0 m
185.5
186.3
0.8
0.74
52.10
10.40
191.8
192.5
0.7
0.57
0.80 % over
42.90
57.36 % over
8.15
10.61 % over
192.5
194.0
1.5
0.85
6.3 m
59.20
6.3 m
10.90
6.3 m
194.0
195.5
1.5
0.81
57.60
10.80
195.5
197.0
1.5
0.83
60.00
11.30
197.0
198.1
1.1
0.81
60.10
10.60
203.7
205.0
1.3
0.85
0.72 % over
61.70
51.07 % over
11.40
9.04 % over
205.0
205.8
0.8
0.77
15.7 m
56.30
15.7 m
9.81
15.7 m
205.8
207.0
1.2
0.84
58.70
10.70
207.0
208.5
1.5
0.67
48.10
8.58
208.5
210.0
1.5
0.70
49.80
8.86
210.0
211.5
1.5
0.77
54.40
9.55
211.5
212.5
1.0
0.91
63.10
11.20
212.5
213.9
1.3
0.28
22.20
3.64
213.9
215.0
1.2
0.84
59.90
10.50
215.0
216.0
1.0
0.28
19.60
3.60
216.0
217.0
1.0
0.66
46.50
7.85
217.0
218.0
1.0
0.85
0.90 % over
58.50
62.58 % over
10.20
11.00 % over
218.0
219.4
1.3
0.94
2.3 m
65.60
2.3 m
11.60
2.3 m
225.2
226.5
1.3
0.47
0.48 % over
35.60
35.89 % over
5.47
5.72 % over
226.5
227.4
0.9
0.65
10.0 m
46.80
10.0 m
7.45
10.0 m
227.4
228.1
0.7
0.27
20.70
3.07
228.1
229.0
0.9
0.62
44.70
7.48
229.0
229.9
0.9
0.69
49.90
8.13
229.9
231.2
1.3
0.34
26.10
4.16
231.2
231.9
0.7
0.80
56.70
9.22
231.9
233.0
1.2
0.10
12.00
1.52
233.0
233.7
0.7
0.11
11.60
1.61
233.7
235.2
1.5
0.72
51.10
8.46
Qualified Persons
The scientific and technical information disclosed in this news release has been prepared, reviewed and approved
by Mr.
Carl Pelletier
, B.Sc., P.Geo. (Québec) from InnovExplo, a consultant to the Company and an Independent
Qualified Person under NI 43-101 – Standards of Disclosure for Mineral Projects.
About VanadiumCorp Resource Inc.
VanadiumCorp
is an integrated technology and mining company focused on developing the exclusive supply chain
for vanadium-based energy storage and emerging technologies that utilize vanadium. VanadiumCorp is focused on
commercializing the most efficient and sustainable recovery method to produce vanadium with jointly developed
process technology. VanadiumCorp also holds a significant vanadium-titanium-iron bearing resource base in mining
friendly
Quebec, Canada
including the 100% owned Lac Doré Project adjacent to Blackrock Metals Inc. and the
100% owned Iron-T Project near the Glencore (Bracemac-McLeod) Matagami Copper-Zinc Mine.
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
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 release
.
Cautionary & Forward-Looking Statements
This release contains forward-looking statements. All statements other than statements of present or historical
fact are forward-looking statements, including statements with respect to the anticipated use of Private Placement
proceeds and anticipated receipt of final TSX Venture Exchange acceptance for the Private Placement. Forward-
looking statements include words or expressions such as "will", "subject to", "expect" and other similar words or
expressions. Factors that could cause future results or events to differ materially from current expectations
expressed or implied by the forward-looking statements include general business, economic, competitive,
political and social uncertainties; the state of capital markets and risks that may impact the Company's business,
operations and financial condition. Although the Company believes that the expectations reflected in these
forward-looking statements are reasonable, undue reliance should not be placed on them because the Company
can give no assurance that they will prove to be correct. Since forward-looking statements address future events
and conditions, by their very nature they involve inherent risks and uncertainties. Additional information on these
and other factors that could affect the Company's operations and financial results are included in reports on file
with Canadian securities regulatory authorities and may be accessed through the SEDAR website (
www.sedar.com
). We disclaim any obligation to update or revise these forward-looking statements, except as
required by applicable law.
SOURCE
VanadiumCorp Resource Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/March2020/16/c8371.html
%SEDAR: 00005245E
For further information:
Adriaan Bakker, President and CEO, VanadiumCorp Resource Inc., (TSX-V: "VRB"), By
phone: 1-604-385-4489, By email: [email protected], Website: www.vanadiumcorp.com
CO: VanadiumCorp Resource Inc.
CNW 07:00e 16-MAR-20