A Globally Significant Vanadium Project
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 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 over 2 km long by 200 m wide and open at depth corridor hosting mutiple zones of vanadium-bearing vanadiferous(titano) magnetite “VTM” mineralization. The completed 2019 drill program was the largest conducted on the project since 1970. Assay results will target a resource statement and technical report in 2020. Lac Dore was a crown asset for over 50 years with various reports concluding exceptional recoveries and low impurities with pilot production of vanadium electrolyte tested in vanadium redox flow batteries by Sumitomo.
2019 Drill Program at Lac Doré Complete
VanadiumCorp has released the latest assay results for an additional ten 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. Davis Tube tests were carried out at SGS Canada Inc.’s facilities in Val d’Or, Quebec. 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 Lac Doré Vanadium property is located 27 km east-southeast from the city of Chibougamau, in Eeyou Istchee James Bay Territory, Northern Québec.
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Project highlights
- 100% Owned vanadium project spanning over 452km
- Recently completed 37 drill hole infill and extension (9598 metres) drilling program
- Initial results show intercepts of .66% V205 over 29.4 metres and 1.69% V205 in Magnetite Concentrate over 11.99 metres.
- 33 additional composite core samples from eight drill holes
- Complete assay results received for an additional ten drill holes
- All ten holes intersected significant VTM
- Total number of holes with complete assay results received is 24 out of 37 holes drilled in 2019
- Mineralization occurs as layers of massive, semi-massive and disseminated magnetite
- Forecast to deliver a resource calculation during Q3 2020
- Detailed sampling with goal to identify individual stratigraphic layers within the deposit
- 54 historical drill holes and 27 trenches tabled with 3D modeling
- VTM mineralization at surface
- Largest geophysical footprint in region
- Open at depth and along strike
- Close to all Infrastructure (road, rail, 161Kv power, workforce, water, airport)
- Close to mining town of Chibougamau in Quebec, Canada
- Bushveld Complex mineralization is analogous to the Lac Dore Complex. The Bushveld currently sustains two vanadium producers in operation for decades
- Extensive history of development since 1953, 8 different historic resource calculations from the following firms: Quebec Department of Natural Resources (3 studies), SOQUEM, LMBDS-Sidam, IOS Services Géoscientifiques Inc, Cambior Inc. and SNC-Lavalin. All of these resource calculations are considered non-current and obsolete
- Vanadium recovery from magnetite
- Extensive beneficiation, smelting and salt-roasting testing by various groups
- Ground and airborne geophysical surveys
