PacificOre lets “low-value” claims lapse 13th June 2013 VanadiumCorp News Releases VANCOUVER, BRITISH COLUMBIA -2013-06-13 Dr. Christian Derosier reports PACIFICORE CLARIFIES STATUS OF MINERAL CLAIMS PacificOre Mining Corp. wishes to clarify the situation with respect to certain mineral claims. In 2009, the company’s former chief executive officer decided to acquire some claims in the Chibougamau region without informing the board or the vice-president of exploration, Dr. Christian Derosier. The Lac Cache claims cover a lake which is surrounded by houses and summer camps, as well as a seaplane base. It is nearly impossible to exploit these claims; one would not only have to obtain permission from the municipal government of Chibougamau, the house owners and the seaplane base, but it would be necessary to drain the lake. Similarly, the Typhoon claims and MagBay claims (of which 50 per cent are also underwater) were staked without Dr. Derosier’s knowledge and are located within the municipality boundaries of Chibougamau; these claims would encounter significant permitting problems as well as prohibitive environmental compliance costs. All of the claims have extremely low metallurgical value. The company decided some time ago to let these claims lapse and does not consider them to be part of its property portfolio. The claims for the company’s key projects, the Lac Dore and the Iron-T, are all in good standing. Share This Tweet Share Share Email Related Posts VanadiumCorp and Electrochem Technologies & Materials Inc. Filed International PCT Patent Application VanadiumCorp and Electrochem are pleased to announce that they have jointly filed for an international patent application under the Patent Cooperation Treaty (PCT) on February 21st, 2018 in order to secure IP rights for the new VanadiumCorp-Electrochem technology worldwide VanadiumCorp Completes 1st Tranche of $1 Million Private Placement Vanadiumcorp Resource Inc. is pleased to announce that due to demand, it has increased its non-brokered private placement (the Placement) previously announced on August 8, 2014. VanadiumCorp Warrant Extensions VanadiumCorp wishes to announce that it has applied to the TSX Venture Exchange (the “Exchange”) for acceptance to amend the terms of an aggregate of 13,418,699 common share purchase warrants (the “Warrants”) issued pursuant to a non-brokered private placement (the “Private Placement”) which closed on April 8,2017. These Warrants will be amended by extending the expiry date of the Warrants to April 8, 2020.