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VanadiumCorp finishes field program at Lac Dore

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Vanadiumcorp finishes field program at Lac Dore


2014-12-19 10:06 ET – News Release

Mr. Adriaan Bakker reports


Vanadiumcorp Resource Inc. has successfully completed its SIDEX-financed Lac Dore field program.

Vanadiumcorp has successfully completed all of the objectives set forth in the previously announced SIDEX program, Field Action 2014. In November, 2014, management co-ordinated aspects of the program and assisted the field crew in a site visit to the Lac Dore project. Proceeds from the SIDEX financing, completed in September, 2014, were utilized for the program.

The successfully completed objectives included:

  1. Exact location of the majority of 26 historical drill hole collars or pads for integration into the resource calculation. These holes were drilled by the Quebec government in 1970, Soquem in 1979, and McKenzie Bay Resources in 1999 and 2002. Of the historic holes, only nine were not pinpointed;
  2. Sampling of trenches previously dug to create continuity in the sampling pattern. All the trenches dug in 1997 were revisited, and previously unsampled mineralized intervals were sampled wherever accessible. A total of 28 samples for 28 meters was collected, which samples are currently being assayed and tested by Davis tube magnetic separation;
  3. Geological mapping and sampling of the trenches excavated over the Lac Dore North portion of the deposit, which were excavated approximately five years ago by the company. Special care was taken for structural analysis;
  4. Resampling (101 samples) and reassaying (128 samples) of drill core for drilling completed by the company, including Davis tube testing, to ensure proper quality assurance and control for comparisons with historic assay results from previous operators.

SIDEX LP was created in 2001 by the government of Quebec and the Solidarity Fund QFL. The mission of SIDEX is to invest in companies engaged in mineral exploration in order to diversify Quebec’s mineral base, and open new territories to exploration and investment. Field Action 2014 is a $3-million financing program launched in the spring by SIDEX to encourage junior mineral exploration companies to pursue fieldwork during the summer and fall of 2014, employ young professionals and service companies, and make way for new discoveries.

This release was approved by Rejean Girard, PGeo. Mr. Girard is a qualified person as defined by National Instrument 43-101.




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