VanadiumCorp Reports New High-Grade V2O5 Drill Core Intercepts1 at Lac Doré, Québec − 37.1 M Grading 0.73% V2O5 and 55.72% FE2O3; Additional Davis Tube Testing Results Include 8.3 M Grading 22.9% Magnetics with 1.5% V2O5
VanadiumCorp Reports New High-Grade V2O5
Drill Core Intercepts1 at Lac Doré, Québec −
37.1 M Grading 0.73% V2O5 and 55.72%
FE2O3; Additional Davis Tube Testing Results
Include 8.3 M Grading 22.9% Magnetics with
1.5% V2O5
VANCOUVER
,
May 21, 2020
/CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB")
("VanadiumCorp" or the "Company"), is pleased to release the latest assay results for an additional
ten (10) drill holes from the Company's summer-fall 2019 infill and extension drilling program at its
Lac Doré Vanadium property, as well as new Davis Tube magnetic separation testwork results for
33 additional composite core samples from eight drill holes. Assay results are reported for holes
LD-19-003, LD-19-004, LD-19-005, LD-19-008, LD-19-013, LD-19-015, LD-19-018, LD-19-021, LD-
19-032 and LD-19-035, bringing the total number of holes with complete assay results received to
24 out of 37 holes drilled in 2019. 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 property to the North (Vanadium One Iron
Corp).
The 2019 drill program targeted the Company's Lac Doré Vanadium Main 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 an additional ten drill holes (Figure 1).
All ten holes intersected significant VTM mineralization.
Best intercepts include:
Hole LD-19-003 intersected
18.4 m
* grading 0.69% V
2
O
5
, including
3.50 m
* grading 0.91%
V
2
O
5
(Table 2; Figure 2);
Hole LD-19-004 intersected
6.3 m
* grading 0.97% V
2
O
5
(Table 2; Figure 2);
Hole LD-19-005 intersected
27.6 m
* grading 0.69% V
2
O
5
(Table 2; Figure 3);
Hole LD-19-008 intersected
37.1 m
* grading 0.69% V
2
O
5
, including
4.8 m
* grading 0.81%
V
2
O
5
(Table 2; Figure 4)
Hole LD-19-013 intersected
32.7 m
* grading 0.73% V
2
O
5
(Table 2; Figure 5);
Hole LD-19-015 intersected
41.7 m
* grading 0.68% V
2
O
5
(Table 2; Figure 6);
Hole LD-19-018 intersected
40.7 m
* grading 0.62% V
2
O
5
, including
6.0 m
* grading 0.72%
V
2
O
5
(Table 2; Figure 7);
Hole LD-19-021 intersected
36.4 m
* grading 0.62% V
2
O
5
, including
10.2 m
* grading 0.73%
V
2
O
5
(Table 2; Figure 8);
Hole LD-19-032 intersected
29.1 m
* grading 0.62% V
2
O
5
(Table 2; Figure 9);
Hole LD-19-035 intersected
36.6 m
* grading 0.65% V
2
O
5
(Table 2; Figure 10);
Mineralization occurs as layers of massive, semi-massive and disseminated magnetite.
Davis Tube magnetic separation testwork on composite samples of VTM mineralized core from
drill holes LD-19-003, LD-19-004, LD-19-016, LD-19-017, LD-19-025, LD-19-029, LD-19-33,
and LD-19-034 (Table 1) show magnetite contents ranging from ~6% to 65%, and included the
following results:
7.3 m
* containing 28.6% magnetics with 1.48% V
2
O
5
(LD-19-016)
7.0 m
* containing 21.0% magnetics with 1.62% V
2
O
5
; (LD-19-017)
8.2 m
* containing 33.6% magnetics with 1.31% V
2
O
5
(LD-19-033)
8.3 m
* containing 22.9% magnetics with 1.5% V
2
O
5
(LD-19-034)
6.9 m
* containing 26.39% magnetics with 1.42% V
2
O
5
(LD-19-003)
1.0 m
* containing 60.93% magnetics with 1.42% V
2
O
5
(LD-19-004)
13.4 m
* containing 41.67% magnetics with 1.42% V
2
O
5
(LD-19-025)
o.4 m* containing 42.08% magnetics with 1.54% V
2
O
5
(LD-19-029)
Davis Tube magnetic separation testwork results are consistent with previous results, showing
that lower (P1 or P0) stratigraphic units have elevated V
2
O
5
in the magnetite concentrate
(typically >1.5%V
2
O
5
) whereas the upper unit (P3) has lower V
2
O
5
in the concentrate (typically
<1.0%V
2
O
5
).
1
High-grade V
2
O
5
intercepts in drill core are defined by the Company as a minimum of 0.6 %
V
2
O
5
over a minimum true thickness of
0.5 m
.
*
True thickness is 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-19-003, LD-19-004, LD-19-016, LD-19-
017, LD-19-33, and LD-19-034, -60° for LD-19-025 and LD-19-029).
Adriaan Bakker
, President and CEO of VanadiumCorp, states: "These latest drill core assay and of
Davis Tube test results from our Lac Doré Vanadium Main prospect continue to show consistent
zones where VTM mineralization grades a minimum of 0.6% V
2
O
5
and magnetite concentrate
grades exceed 1.5% V
2
O
5
. We look forward to more positive results from our ongoing drill core
assays and Davis Tube testwork programs over the coming weeks."
Davis Tube testwork results
Results from the first batch of samples submitted for Davis Tube testwork is shown in Table 1
below.
Table 1: Summary of Davis Tube results for drill holes LD-19-003, LD-19-004, LD-19-016, LD-19-
017, LD-19-025, LD-19-029, LD-19-33, and LD-19-034, with percentages of magnetics and
magnetite concentrates grades for Fe
2
O
3
, V
2
O
5
, TiO
2
, SiO
2
and Al
2
O
3
, intersected core lengths,
estimated true thicknesses, and magnetite-bearing stratigraphic zones.
Sample
BHID
FROM
TO
CORE
LENGTH
(m)
ESTIMATED
TRUE
THICKNESS
(m)
Zone
Mag
%
Fe
2
O
3
(%)
TiO
2
(%)
V
2
O
5
(%)
SiO
2
(%)
Al
2
O
3
(%)
(m)
(m)
01-Mar
LD-
19-
2.9
15.0
12.1
11.0
P3
34.60
87.70
12.10
0.93
0.67
0.53
02-Mar
66.9
76.5
9.6
8.7
P2
47.60
87.60
11.80
1.16
0.87
0.76
03-Mar
119.0
124.5
5.5
5.0
P2
36.40
90.00
8.77
1.49
0.57
0.72
04-Mar
016
142.6
150.7
8.1
7.3
P1
28.60
91.00
8.51
1.48
0.57
0.71
05-Mar
173.7
186.0
12.3
11.2
P0
22.70
92.60
7.06
1.46
0.83
0.66
06-Mar
LD-
19-
017
18.0
28.5
10.5
9.5
P2
39.60
90.30
8.60
1.35
0.98
0.74
07-Mar
39.0
50.4
11.4
10.3
P2
36.30
92.60
7.70
1.47
0.58
0.46
08-Mar
82.9
90.6
7.8
7.0
P1
21.00
93.90
5.22
1.62
0.64
0.57
09-Mar
LD-
19-
033
123.0
132.0
9.0
8.2
P2
33.60
90.30
8.86
1.31
0.94
0.74
10-Mar
193.5
201.4
7.9
7.1
P1
16.20
91.10
7.55
1.40
1.15
0.54
11-Mar
LD-
19-
034
99.1
107.9
8.8
8.0
P2
35.80
82.00
13.30
0.72
2.44
1.68
12-Mar
201.0
209.0
8.0
7.3
P2
24.90
94.40
5.47
1.52
0.85
0.53
13-Mar
248.3
257.4
9.1
8.3
P1
22.90
94.70
4.44
1.50
0.80
0.68
01-Apr
LD-
19-
003
36.0
42.0
6.0
5.4
P3
47.23
85.20
11.50
0.99
1.69
1.31
02-Apr
47.3
48.0
0.7
0.6
P3
52.69
83.70
12.40
1.15
1.92
1.70
03-Apr
213.5
221.2
7.7
6.9
P1
26.39
89.10
7.29
1.42
2.25
1.89
04-Apr
228.0
229.5
1.5
1.4
P1
24.50
92.50
6.32
1.57
1.10
0.92
05-Apr
LD-
19-
004
48.0
51.0
3.0
2.7
P2
64.67
90.40
6.70
1.43
1.17
1.52
06-Apr
97.9
98.9
1.0
0.9
P2
59.92
85.80
8.73
1.34
2.40
2.23
07-Apr
100.2
103.7
3.5
3.1
P2
13.41
92.10
5.96
1.37
1.58
1.23
08-Apr
103.7
104.8
1.2
1.0
P2
60.93
87.10
9.37
1.42
1.70
1.72
09-Apr
146.5
148.8
2.3
2.1
P1
36.51
94.20
2.02
1.59
1.84
1.54
10-Apr
148.8
154.5
5.7
5.2
P1
11.75
97.90
0.70
1.56
1.00
0.75
11-Apr
185.8
187.3
1.5
1.4
P1
6.28
98.00
1.16
1.51
0.94
0.71
12-Apr
LD-
19-
025
45.2
56.5
11.4
8.7
P2
40.46
87.80
12.20
0.86
0.69
0.50
13-Apr
188.5
206.0
17.5
13.4
P2
41.67
90.40
6.49
1.42
1.71
1.55
14-Apr
248.4
254.3
5.9
4.5
P1
31.96
93.40
5.17
1.55
1.53
1.50
15-Apr
LD-
19-
029
12.0
22.0
10.0
7.7
P3
40.05
85.00
12.90
0.81
1.62
1.16
16-Apr
109.0
123.0
14.0
10.7
P2
50.48
85.10
10.70
1.18
1.86
2.28
17-Apr
139.5
151.5
12.0
9.2
P2
46.87
85.00
11.40
1.28
1.64
2.04
18-Apr
178.5
183.0
4.5
3.5
P2
52.76
85.00
11.30
1.31
1.75
2.27
19-Apr
230.9
234.1
3.2
2.4
P2/P1
42.08
91.70
4.91
1.54
1.60
1.57
20-Apr
250.8
253.5
2.7
2.1
P1
31.32
92.70
6.99
1.51
0.55
0.49
Estimated true thickness is calculated 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-19-003, LD-19-004, LD-19-016, LD-19-017,
LD-19-33, and LD-19-034, -60° for LD-19-025 and LD-19-029).
Davis Tube tests were carried out at SGS Canada Inc's facilities in
Val d'Or, Quebec
. Samples
were composited over the intervals in Table 1 using pulp rejects from samples previously prepared
for assay. The samples had already been pulverized to 85% passing 75 μm. Composites were
prepared using relative proportions based on weights of the core samples submitted (i.e. these are
weighted-average composites). The composite was further pulverized to 80% passing 38 μm, and a
20g subsample of the composite was taken for the Davis Tube testing. Samples were added to the
Davis tube and the tube was allowed to agitate for a period of four minutes, after which the magnets
were interrupted, and the magnetic concentrate was collected. The tailings were collected in a pail.
Both the magnetic concentrate and non-magnetic tailings were filtered, dried, and weighed. The two
products were analyzed for Major elements 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 LOI by Whole Rock Analysis (WRA), as per the procedure outlined
below. QAQC protocol was for two samples to be subject to repeat tests.
Table 2: 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-19-003
7.5
14.3
6.9
6.2
0.57
59.96
14.40
P3
INCLUDING
12.0
14.3
2.4
2.1
0.67
66.58
15.99
LD-19-003
34.2
51.3
17.1
15.5
0.59
57.10
13.22
P3
INCLUDING
47.3
49.9
2.6
2.3
0.73
65.86
15.16
LD-19-003
92.0
99.2
7.2
6.5
0.63
53.74
11.95
P2
LD-19-003
141.4
168.9
27.5
24.9
0.65
51.44
9.74
P2
INCLUDING
152.5
154.9
2.4
2.2
0.84
62.64
12.08
AND
157.7
162.0
4.3
3.9
0.86
62.25
11.64
AND
166.9
168.9
2.0
1.8
0.85
62.68
11.83
LD-19-003
178.1
198.4
20.4
18.4
0.69
50.41
8.89
P2
INCLUDING
178.1
183.4
5.4
4.8
0.82
60.12
11.02
AND
184.3
188.5
4.2
3.8
0.80
57.38
10.15
AND
194.6
198.4
3.9
3.5
0.91
63.24
10.94
LD-19-003
210.0
222.3
12.3
11.1
0.61
42.65
7.04
P2
INCLUDING
212.1
213.5
1.4
1.3
0.91
61.60
10.40
AND
216.0
218.2
2.2
2.0
0.80
54.74
9.12
AND
221.2
222.3
1.2
1.0
0.97
66.20
11.20
LD-19-003
228.0
232.6
4.6
4.2
0.78
54.04
8.89
P2
INCLUDING
229.5
232.6
3.1
2.8
0.88
60.84
10.06
LD-19-003
242.4
242.9
0.5
0.5
0.80
52.60
8.99
P1
LD-19-003
248.0
252.7
4.7
4.2
0.51
35.47
5.50
P1
LD-19-003
255.7
261.2
5.5
5.0
0.51
36.73
5.52
P1
INCLUDING
255.7
259.5
3.8
3.4
0.60
42.80
6.42
LD-19-003
314.3
316.5
2.2
1.9
0.43
28.29
4.79
P0
LD-19-004
2.2
10.2
8.0
7.3
0.59
46.34
8.22
P3
INCLUDING
2.2
5.9
3.7
3.4
0.71
54.57
10.14
INCLUDING
7.7
10.2
2.5
2.3
0.73
55.40
9.80
LD-19-004
44.1
51.0
6.9
6.3
0.97
70.13
11.76
P2
LD-19-004
91.5
104.8
13.3
12.1
0.56
40.34
6.65
P2
INCLUDING
93.0
93.7
0.7
0.6
0.93
66.60
11.10
AND
97.9
100.2
2.3
2.1
0.83
58.77
9.69
AND
103.7
104.8
1.2
1.0
0.96
67.60
11.10
LD-19-004
112.5
116.5
4.0
3.6
0.76
53.91
8.65
P2
INCLUDING
113.9
116.5
2.6
2.4
0.86
60.66
9.73
LD-19-004
137.5
157.5
20.0
18.1
0.45
33.18
5.00
P1
INCLUDING
137.5
146.5
9.0
8.2
0.52
36.97
5.62
AND
146.5
148.8
2.3
2.1
0.76
53.27
8.35
LD-19-004
187.3
189.6
2.3
2.1
0.43
29.70
4.68
P1
LD-19-005
25.1
27.9
2.8
2.5
0.43
52.76
11.84
P2
LD-19-005
35.1
38.9
3.9
3.5
0.70
68.94
16.75
P2
LD-19-005
54.2
56.9
2.8
2.5
0.60
57.42
13.48
P2
LD-19-005
59.6
76.5
16.9
15.3
0.51
53.92
12.55
P2
INCLUDING
64.0
74.2
10.3
9.3
0.57
59.35
14.11
LD-19-005
79.8
80.6
0.8
0.7
0.71
61.90
15.00
P2
LD-19-005
83.1
84.0
0.9
0.8
0.55
54.80
12.90
P2
LD-19-005
88.1
108.7
20.6
18.7
0.53
52.68
11.55
P2
INCLUDING
88.1
99.8
11.8
10.6
0.63
61.45
13.92
AND
104.2
106.1
1.9
1.7
0.69
62.91
14.11
AND
107.6
108.7
1.1
1.0
0.69
60.20
13.70
LD-19-005
121.3
135.9
14.6
13.2
0.61
53.21
11.56
P2
LD-19-005
143.2
173.7
30.5
27.6
0.69
53.59
10.59
P2
INCLUDING
164.0
166.3
2.3
2.1
0.86
63.09
12.10
AND
170.4
173.4
3.0
2.7
0.70
52.80
9.68
LD-19-005
181.4
202.4
21.0
19.0
0.74
51.62
9.32
P2
INCLUDING
183.7
184.8
1.1
1.0
0.97
67.80
12.40
AND
189.4
193.6
4.2
3.8
0.85
58.15
10.64
AND
200.3
202.4
2.2
1.9
1.00
67.07
11.92
LD-19-005
211.6
214.3
2.7
2.4
0.67
45.97
7.71
P2
LD-19-005
218.3
223.4
5.1
4.6
0.59
42.16
6.79
P1
INCLUDING
219.6
220.3
0.8
0.7
1.00
70.10
11.10
AND
222.6
223.4
0.8
0.7
0.96
66.60
10.80
LD-19-005
227.6
230.1
2.5
2.3
0.81
56.86
9.11
P1
LD-19-005
243.0
254.0
11.0
10.0
0.48
35.11
5.28
P1
INCLUDING
251.0
252.4
1.4
1.3
0.73
51.90
7.83
LD-19-005
257.4
259.5
2.1
1.9
0.34
26.24
3.81
P1
LD-19-005
262.5
265.0
2.5
2.3
0.34
25.22
3.72
P1
LD-19-008
2.4
37.6
35.2
31.9
0.45
52.21
12.67
P2
INCLUDING
8.0
19.2
11.2
10.2
0.53
60.40
15.48
AND
30.0
37.6
7.6
6.9
0.52
57.75
13.80
LD-19-008
43.1
71.3
28.2
25.6
0.60
56.29
12.64
P2
INCLUDING
58.5
64.5
6.0
5.4
0.75
66.53
15.23
LD-19-008
79.6
120.5
40.9
37.1
0.69
53.77
10.64
P2
INCLUDING
102.0
109.5
7.5
6.8
0.74
55.00
10.78
AND
115.3
120.5
5.3
4.8
0.81
59.91
10.85
LD-19-008
129.8
138.1
8.3
7.5
0.71
52.32
9.03
P2
LD-19-008
140.3
149.2
8.9
8.1
0.61
45.18
7.51
P2
LD-19-008
156.9
167.8
10.9
9.9
0.57
41.29
6.56
P2
LD-19-008
172.2
175.8
3.6
3.2
0.78
55.63
8.67
P1
LD-19-008
191.1
203.0
11.9
10.8
0.49
34.89
5.28
P1
LD-19-008
230.2
234.0
3.8
3.4
0.44
31.44
4.54
P0
LD-19-013
89.2
115.2
26.1
20.0
0.61
58.43
13.56
P2
INCLUDING
111.0
114.0
3.0
2.3
0.72
60.95
14.00
LD-19-013
142.4
185.2
42.8
32.7
0.73
55.72
11.21
P2
INCLUDING
171.0
175.8
4.8
3.6
0.82
60.87
11.81
AND
181.5
185.2
3.7
2.8
0.86
61.98
11.63
LD-19-013
191.8
209.7
17.9
13.7
0.70
51.63
9.01
P2
INCLUDING
191.8
195.0
3.2
2.5
0.84
61.44
11.01
AND
199.5
202.5
3.0
2.3
0.84
60.00
10.59
AND
208.5
209.7
1.2
0.9
0.94
66.70
11.30
LD-19-013
216.0
225.3
9.3
7.1
0.60
42.70
7.04
P1
LD-19-015
4.7
7.4
2.7
2.3
0.44
49.40
12.57
P3
LD-19-015
73.3
80.7
7.4
6.4
0.49
50.74
11.83
P2
INCLUDING
75.0
77.5
2.5
2.2
0.64
63.62
15.26
LD-19-015
88.4
136.5
48.2
41.7
0.68
54.73
11.26
P2
INCLUDING
96.0
102.0
6.0
5.2
0.75
66.20
14.50
AND
118.5
128.3
9.8
8.5
0.76
58.20
11.04
AND
132.4
136.5
4.2
3.6
0.80
58.85
10.63
LD-19-015
146.9
150.0
3.1
2.7
0.41
31.96
5.31
P2
INCLUDING
155.4
171.3
15.9
13.8
0.68
49.29
8.32
P2
AND
155.4
158.3
2.9
2.5
0.84
60.15
10.55
AND
161.2
164.0
2.8
2.4
0.79
56.55
9.70
AND
169.7
171.3
1.6
1.4
0.95
66.80
11.10
LD-19-015
180.2
193.0
12.8
11.1
0.52
37.63
5.97
P2
INCLUDING
181.2
185.4
4.2
3.6
0.66
46.60
7.46
AND
190.8
193.0
2.2
1.9
0.65
47.22
7.53
LD-19-015
223.5
234.4
10.9
9.4
0.50
35.72
5.36
P1
INCLUDING
223.5
225.0
1.5
1.3
0.65
44.80
6.95
LD-19-018
10.3
17.7
7.5
6.8
0.41
54.34
13.22
P3
LD-19-018
21.8
44.9
23.0
20.9
0.51
56.49
13.56
P2
INCLUDING
40.5
43.2
2.7
2.5
0.67
65.09
15.58
LD-19-018
74.0
118.9
44.9
40.7
0.62
50.00
9.32
P2
INCLUDING
83.0
86.0
3.0
2.7
0.73
59.10
11.65
AND
91.5
98.2
6.7
6.0
0.72
55.82
10.48
AND
102.5
103.6
1.1
1.0
0.89
65.70
11.60
LD-19-018
124.4
132.2
7.8
7.1
0.61
44.96
7.07
P2
INCLUDING
128.8
129.7
0.9
0.8
0.90
63.80
10.30
AND
131.7
132.2
0.6
0.5
1.01
69.50
11.30
LD-19-018
135.8
138.5
2.7
2.5
0.82
58.59
9.07
P1
INCLUDING
137.5
138.5
1.0
0.9
0.91
63.80
9.88
LD-19-018
148.0
153.9
5.9
5.3
0.54
38.73
5.78
P1
INCLUDING
152.1
153.9
1.8
1.6
0.78
55.09
8.23
LD-19-021
12.0
43.0
31.0
28.1
0.44
49.60
11.60
P3
INCLUDING
19.8
34.4
14.6
13.2
0.50
54.84
13.17
AND
34.7
39.9
5.2
4.7
0.59
59.77
14.13
LD-19-021
48.0
63.3
15.3
13.9
0.46
47.21
10.36
P2
INCLUDING
48.0
51.6
3.6
3.3
0.61
62.36
13.97
AND
59.9
63.3
3.4
3.1
0.58
55.70
12.65
LD-19-021
81.8
122.0
40.2
36.4
0.62
51.55
10.08
P2
INCLUDING
81.8
85.7
3.9
3.5
0.73
64.96
14.64
AND
87.8
99.9
12.1
11.0
0.69
57.15
12.02
AND
104.3
115.5
11.2
10.2
0.73
55.92
10.69
AND
121.0
122.0
1.0
0.9
0.90
66.50
11.80
LD-19-021
128.1
151.5
23.4
21.2
0.46
36.78
5.68
P2
INCLUDING
132.6
135.6
3.0
2.7
0.66
49.55
8.28
AND
148.6
151.5
2.9
2.6
0.67
49.94
8.02
LD-19-021
158.5
171.0
12.5
11.3
0.39
32.10
4.39
P1
LD-19-021
185.2
188.4
3.2
2.9
0.56
41.50
5.99
P1
LD-19-021
200.3
206.3
6.0
5.4
0.49
34.40
5.20
P1
LD-19-021
209.8
212.1
2.3
2.1
0.29
22.05
3.21
P1
LD-19-021
232.9
236.2
3.3
3.0
0.62
38.36
6.42
P0
LD-19-032
109.9
142.0
32.1
29.1
0.62
46.78
8.88
P2
INCLUDING
111.5
117.5
6.0
5.4
0.74
59.03
12.30
AND
120.8
125.2
4.4
4.0
0.80
59.31
11.37
AND
137.0
139.5
2.5
2.3
0.81
56.20
10.00
AND
141.3
142.0
0.7
0.6
0.94
62.30
11.20
LD-19-032
149.2
153.1
4.0
3.6
0.62
47.24
7.11
P2
INCLUDING
151.0
153.1
2.1
1.9
0.86
60.20
9.71
LD-19-032
165.0
177.0
12.0
10.9
0.50
34.89
5.42
P2
INCLUDING
172.5
173.5
1.0
0.9
0.81
54.70
8.40
LD-19-032
178.5
183.0
4.5
4.1
0.32
24.77
3.56
P1
LD-19-035
32.9
39.4
6.5
5.3
0.25
46.42
9.04
P3
LD-19-035
47.5
100.6
53.1
43.5
0.43
48.01
11.09
P2
INCLUDING
78.5
86.1
7.6
6.2
0.68
65.76
15.98
AND
96
97.8
1.8
1.5
0.76
69.92
17.04
AND
99
100.6
1.6
1.3
0.71
66.58
16.04
LD-19-035
104.9
107.5
2.6
2.1
0.53
55.43
11.48
P2
LD-19-035
110.3
154.9
44.6
36.5
0.65
54.12
11.61
P2
INCLUDING
116.8
154.9
38.1
31.2
0.70
57.59
12.33
LD-19-035
164.2
193.1
28.9
23.7
0.67
51.63
9.77
P2
INCLUDING
164.2
170.2
6
4.9
0.71
54.17
10.68
AND
174
185.6
11.6
9.5
0.78
58.58
11.30
AND
187.7
193.1
5.4
4.4
0.75
54.37
10.05
LD-19-035
199
218.6
19.6
16.1
0.59
43.51
7.17
P2
INCLUDING
201.5
204.5
3
2.5
0.79
57.20
10.10
AND
210.9
211.6
0.7
0.6
0.89
63.30
10.30
AND
217.6
218.6
1
0.8
0.83
61.00
9.50
LD-19-035
224
232.3
8.3
6.8
0.54
39.47
6.11
P1
INCLUDING
224
228.3
4.3
3.5
0.77
53.97
8.56
P1
LD-19-035
247.8
255.9
8.1
6.6
0.53
38.06
5.77
P1
LD-19-035
262.6
264.9
2.3
1.9
0.51
36.42
5.46
P0
LD-19-035
273.9
277.9
4
3.3
0.32
23.59
3.50
P0
* True thickness is 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-19-003, LD-19-004, LD-19-005, LD-
19-008, LD-19-018, LD-19-021 and LD-19-32, -50° for LD-19-015, -55
º
for LD-19-035 and -60
º
for LD-19-013).
LD-19-003 drilled at -45
o
to a depth of
375 m
LD-19-004 drilled at -45
o
to a depth of
240 m
LD-19-005 drilled at -45
o
to a depth of
270 m
LD-19-008 drilled at -45
º
to a depth of
246 m
LD-19-013 drilled at -60
º
o to a depth of
231 m
LD-19-015 drilled at -50
o
to a depth of
252 m
LD-19-018 drilled at -45
o
to a depth of
180 m
LD-19-021 drilled at -45
º
to a depth of
246 m
LD-19-032 drilled at -45
o
to a depth of
201 m
LD-19-035 drilled at -55
o
to a depth of
279 m
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 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 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.
The details of the results received from the laboratory are presented in the tables available on the
VanadiumCorp website by
clicking here
...(Lengths are expressed along drill core axis. The true
thickness was not determined.)
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 an exclusive
clean energy storage supply chain with XRG® vanadium redox flow battery technology, jointly
owned process technology and it's wholly owned and strategic vanadium resource base in mining
friendly
Quebec, Canada
. The Company's key mining assets contain vanadium, titanium and iron in
VTM and include the Lac Doré Project adjacent to Blackrock Metals Inc. and the 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/May2020/21/c2118.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 14:28e 21-MAY-20