Developed since 1953… Originally identified for rich iron and titanium potential, the presence of vanadium was discovered in 1966 by Dr. Gilles Allard. In 2007, VanadiumCorp ground staked what became the Company’s flagship project of vanadium rich titanomagnetite “VTM” that spans over 45 square km and is located next to highway 167 just 35 km from to the mining center of Chibougamau, Quebec, Canada. VTM mineralization is accessible at surface and highlighted as a large geophysical footprint in the region. The rich VTM is open at depth and along strike and close to infrastructure such as road, rail, 161Kv power, workforce, water and a local airport. The VanadiumCorp Lac Dore Project is adjacent to mineral claims fully permitted for mineral extraction owned by Blackrock Metals, who have plans to construct a mine and mill at Lac Dore to transport magnetite concentrate approximately 400km to Saguenay, where they propose construction of a smelter to transform their Lac Dore VTM into various end products. Breaking News: Confirmation Drill Program to Commence at Lac Dore VTM Project February 7th, 2019 – VanadiumCorp Resource Inc. (TSX-V: “VRB”) (the “Company”) is pleased to announce plans to commence a drill program at the Company’s 100% owned Lac Dore vanadiferous titanomagnetite (VTM) Project near Chibougamau, Quebec. Download News Release here… The Company is finalizing drill planning with it new consulting geologist, Dr. Luke Longridge and CSA Global and will be providing updates on a regular basis. In 1960 The Québec government acquired and continued to develop the project until 1980. Lac Dore was then developed by McKenzie Bay Resources and the Crown Corporation SOQUEM, who piloted production in 2002 of vanadium electrolyte at 99.9% V2O5 at SGS Lakefield, Ontario, Canada for vanadium batteries in Japan. The project then developed by Cambior (Now IAMGOLD) and eventually acquired by VanadiumCorp in August, 2007 through highly coordinated and competitive ground staking. The Lac Dore is considered an ideal source/feedstock for vanadium electrolyte processing with virtually no impurities and exceptional metallurgical recoveries hosted in titanium and iron that are also recoverable with VEPT. Lac Dore has long been revered as a metallurgically unique and highly strategic undeveloped source of vanadium for vanadium batteries since the invention of the VRFB over 30 years ago in Australia by VanadiumCorp Advisor, Dr. Maria Skylass Kazacos. Project highlights 100% Owned vanadium project spanning over 452 km Favorable metallurgy – Average Magnetite concentrate Grade of 1.08% V2O5 (Davis tube tests further confirm up to 2% V2O5 in concentrate) 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. Over 200 reports dealing with exploration, drilling, metallurgy and economical aspects Extensive beneficiation, smelting and salt-roasting testing by various groups 54 drill holes and 27 trenches tabled with 3D modeling Vanadium recovery from magnetite Extensive beneficiation, smelting and salt-roasting testing by various groups Ground and airborne geophysical surveys Adjacent mine permitted project owned by Established in 2008, BlackRock Metals is a privately-owned Canadian company developing a fully integrated, environmentally enhanced, metals & materials manufacturing business from its wholly-owned, world-class vanadium and titanium bearing magnetite (“VTM”) and ilmenite deposit in Quebec, Canada. As a result of superior grades, world class tonnages, clean mineralogy, exceptional metallurgical recoveries, low cost renewable hydro power and the excellent logistics of its location, BlackRock will enjoy an unparalleled market advantage and the distinction of being the global low cost producer of ferrovanadium steel additives, high purity merchant pig iron (“MPI”), and high quality titanium feedstocks for the US and European markets. (Source www.blackrockmetals.com)
:VRB