PacificOre lets “low-value” claims lapse 13th June 2013 VanadiumCorp News Releases PacificOre lets “low-value” claims lapse 2013-06-13 13:29 ET – News Release 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. Click here for the latest vanadium industry news… Click here for the latest climate change news… More information on company activities and vanadium redox batteries, including global installations, can be found on the company’s website at www.vanadiumcorp.com VanadiumCorp, Suite 400, 1505 West 2nd, Vancouver, BC, Canada, Vancouver, BC V6H 3W4 Canada Share This Tweet Share Share Email Related Posts Board Appointment VANCOUVER, BRITISH COLUMBIA – February 27, 2014 – Vanadiumcorp Resource Inc. (TSX-V: “VRB”) (the "Company") is pleased announce the appointment of new board member Mr. Tom Peregoodoff. VanadiumCorp working on Lac Dore 43-101 report Vanadiumcorp working on Lac Dore 43-101 report 2014-03-28 19:03… Ultra Power Systems PTY Ltd. Signs Exclusive Patent Option Agreement to Purchase a License for the VanadiumCorp-Electrochem Processing Technology for Australia VanadiumCorp and Electrochem have signed a Patent Option Agreement for Ultra to purchase an exclusive license. Ultra plans to utilize the Australian license of "VEPT" to expedite construction of the world’s first dedicated vanadium processing facility.