{"id":18356,"date":"2020-03-16T04:00:31","date_gmt":"2020-03-16T11:00:31","guid":{"rendered":"https:\/\/www.vanadiumcorp.com\/?p=18356"},"modified":"2020-03-16T00:46:47","modified_gmt":"2020-03-16T07:46:47","slug":"vanadiumcorp-intercepts-0-66-v2o5-over-29-4-metres-at-lac-dore-quebec","status":"publish","type":"post","link":"https:\/\/www.vanadiumcorp.com\/releases\/vanadiumcorp-intercepts-0-66-v2o5-over-29-4-metres-at-lac-dore-quebec\/","title":{"rendered":"VanadiumCorp Intercepts 0.66% V2O5 Over 29.4 Metres at Lac Dor\u00e9, Qu\u00e9bec"},"content":{"rendered":"
Download PDF….<\/a><\/p>\n VANCOUVER, BRITISH COLUMBIA<\/strong>, March 16, 2020 \u2013 VanadiumCorp Resource Inc. (TSX-V: \u201cVRB\u201d) (\u201cVanadiumCorp\u201d or the \u201cCompany\u201d), is pleased to announce the drilling results for the first three holes from the Company\u2019s summer-fall 2019 infill and extension drilling program at its Lac Dor\u00e9 Vanadium property. The Lac Dor\u00e9 Vanadium property is located 27 km east-southeast from the city of Chibougamau, in Eeyou Istchee James Bay Territory, Northern Qu\u00e9bec. The Chibougamau area is host to several vanadiferous titanomagnetite (VTM) deposits, including the Southwest and Armitage deposits on the adjacent Blackrock property (BlackRock Metals Inc.) and the South and North Zone deposits on the Mont Sorcier project to the North (Vanadium One Iron Corp).<\/p>\n The 2019 drill program targeted the Company\u2019s Lac Dor\u00e9 Vanadium prospect where historical drilling and surface channel sampling conducted between 1958 and 2013 have revealed the presence within property limits of massive, semi-massive and disseminated bands of VTM mineralization along a 2 km long by 200 m wide and minimum 200 m deep corridor.<\/p>\n The Lac Dor\u00e9 Vanadium property lies on the southern flank of the Lac Dor\u00e9 anorthosite complex of Chibougamau and straddles the layered magmatic zone, which hosts the VTM mineralization. This layered magmatic zone has been traced by historical geophysics, drilling and mapping over a linear distance of 20 km.<\/p>\n Highlights:<\/strong><\/p>\n * True thickness. True thicknesses have been estimated by assuming a dip of the layering of 70\u00b0 to the SE, and the plunge of the drill hole towards the NW (-45\u00b0 for LD-19-002 and LD-19-022 or -60\u00b0 for LD-19-024).<\/em><\/p>\n Adriaan Bakker, President and CEO of VanadiumCorp, states: \u201cWe are extremely pleased with the results of the first three drill holes on our Lac Dor\u00e9 Vanadium prospect. Our strategy to try to identify potential high-grade vanadium zones within the VTM-bearing stratigraphy through detailed systematic sampling is starting to pay-off with 12 intercepts grading a minimum of 0.5% V2<\/sub>O5<\/sub> over at least 5 m* identified in the first three holes, culminating in a 29.4 m* intercept grading 0.66% V2<\/sub>O5<\/sub> in hole LD-019-002. While we await the assay results for the remaining 32 holes, InnovExplo is building the drill database and geological sections needed to prepare the maiden mineral resources statement for the Lac Dor\u00e9 Vanadium prospect. <\/em>\u201d<\/p>\n Table 1: Summary of the significant intersections, with weighted average grades for V2<\/sub>O5<\/sub>, Fe2<\/sub>O3<\/sub> and TiO2<\/sub>, intersected core lengths, and estimated true thicknesses.<\/p>\n\n
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