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A Globally Significant Vanadium Project

The Lac Doré Vanadium property is located 27 kilometres 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 kilometres long by 200 metres wide and open at depth corridor hosting multiple 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.

Project Status

2020 - Mineral Resource Estimate
30%
2020 - Drill Core Testing
100%
2020 - Davis Tube Testing
100%
2020 - Drill Results Database Entry
100%
2019 - Drill program Completed
100%

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.

Project highlights

  • 100% Owned vanadium project spanning over 452km
  • Mineral resource estimate anticipated in 2020
  • Recently completed 37 drill hole infill and extension (9598 metres) drilling program
  • Assay and davis tube results underway confirming favorable grades and recovery comparable to global primary vanadium producers
  • Mineralization occurs as layers of massive, semi-massive and disseminated magnetite
  • Favorable metallurgy and exceptionally low impurities facilitate high recovery of vanadium successfully demonstrated in historic pilot production
  • VTM mineralization at surface and open at depth and along strike
  • Close to all Infrastructure (road, rail, 161Kv power, workforce, water, airport)
  • Ground and airborne geophysical surveys completed confirming the largest geophysical VTM footprint in the region
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