VanadiumCorp wishes to announce a Cease Trade Order (CTO) has been issued by the British Columbia Securities Commission (BCSC)), as principal regulator, as a result of the Company’s failure to file its annual audited financial statements for the year ended October 31, 2020.
VANCOUVER, BRITISH COLUMBIA -2013-03-20
Dr. Christian Derosier report
DRILLING BEGINS ON LAC DORE VANADIUM-IRON-TITANIUM DEPOSIT
PacificOre Mining Corp. and its wholly owned subsidiary Prestige Mining Corp. have approved the commencement of a predrill field program on the 100-per-cent-owned Lac Dore vanadium-iron-titanium project located near Chibougamau, Que. The program will entail the opening of winter roads to and on the site, and newly planned diamond drill locations.
This first phase of exploration work carried out during spring and summer 2012 on Lac Dore permitted (1) the re-establishment and extension of the previous grid (1997), (2) the establishment of five permanent benchmarks which will be used for future infrastructure and mine construction, and (3) the surveying of the previous drill holes, trenches and stripping utilized in the earlier pre-National Instrument 43-101 feasibility study in 2002 to 2003. In addition, last fall, the company carried out a magnetometer survey which covered the recently cut and surveyed grid.
Following these programs, the company has now entered the field to carry out a diamond drilling campaign aimed at twinning a number of the historic holes.
The first 2013 diamond drilling program is designed to address a number of desirable outcomes:
The Lac Dore complex (Allard, 1976) is a Bushveld-type layered complex folded into a large anticline and metamorphosed to the green schist facies like the enclosing volcanic rocks, with which it is coeval and comagmatic. From bottom to top, the complex has been divided into three main zones: Anorthosite zone (Main zone), Layered zone and Upper Border zone. The last includes the Soda-granophyre and Ferrodioric zones. The vanadium mineralization in the Lac Dore complex is contained in the lowermost part of the Layered zone. The vanadium horizon consists of rhythmically layered units (50-metre- to 200-metre-thick layered zones) rich in ferroaugite, magnetite and ilmenite interbedded with layers of leucogabbro. The iron-titanium oxides are heterogeneously and rhythmically distributed, with the Fe-Ti-oxide-rich horizons intercalated with oxide-free horizons.
This press release has been reviewed by Dr. Christian Derosier, PGeo, consulting geologist and qualified person for the Lac Dore and Lac Dore North vanadium-iron-titanium projects under National Instrument NI 43-101.