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 Chief Technical Advisor Appointment Vanadiumcorp is pleased to announce the appointment of Mr. Todd Richardson, to the Company’s advisory board as Chief Technical Advisor. 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. PacificOre holder St. Germain supports Bakker for CEO As long-term stockholders with in excess of 1.3 million shares plus warrants, which together give us control of more than 1 per cent of the issued stock in PacificOre Mining Corp., the RJ & CS St. Germain Partnership Ltd., our family investment group, has been watching recent developments with considerable concern.