VANCOUVER, March 16, 2020 /CNW/ - VanadiumCorp Resource Inc.
(TSX-V: "VRB") ("VanadiumCorp" or the "Company"), is pleased to
announce the drilling results for the first three holes from
the Company's summer-fall 2019 infill and extension drilling
program at its Lac Doré Vanadium property. The Lac Doré Vanadium
property is located 27 km east-southeast from the city of
Chibougamau, in Eeyou Istchee
James Bay Territory, Northern Québec. 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).
The 2019 drill program targeted the Company's Lac Doré 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.
The Lac Doré Vanadium property lies on the southern flank of the
Lac Doré 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.
Highlights:
- Complete assay results received for three (3) holes out of the
35 holes drilled in 2019 (Figure 1).
- All three holes intersected significant VTM
mineralization.
- Best intercepts include:
-
- Hole LD-19-002 drilled at -45o to a depth of
222 m intersected 29.4 m* grading 0.66% V2O5
(from 119.9 m to 152.3 m, core-length; Table 1; Figure 2),
including 9.1 m* grading 0.73%
V2O5 (from 122.8 to 132.8 m, core-length);
- Hole LD-19-022 drilled at -45o to a depth of
282 m intersected 26.8 m* grading 0.59% V2O5
(from 102.9 m to 132.5 m, core-length; Table 1; Figure 3),
including 4.8 m* grading 0.73%
V2O5 (from 118.4
m to 123.7 m core-length;
Table 1; Figure 3);
- Hole LD-19-24 drilled at -60o to a depth of
240 m intersected 10.7 m* grading 0.72% V2O5
(from 172.3 to 186.3 core-length; Table 1; Figure 2) and
12 m* grading 0.72 %
V2O5 (from 203.7
m to 219.4 m core-length;
Table 1; Figure 2).
- Mineralization occurs as layers of massive, semi-massive and
disseminated magnetite, ranging from 20% to >50% magnetite
content, based on visual estimates.
V2O5:Fe2O3 ratios
suggest potential for high-V2O5 magnetite
concentrates with >1.5% V2O5, consistent
with historical Davis Tube testwork results.
- Davis Tube magnetic separation testwork and assaying of
concentrates have commenced on selected intervals from these three
drill holes, and the results will confirm the grade of the vanadium
in magnetite concentrates from each of the zones.
*
|
True thickness.
True thicknesses have been estimated by assuming a dip of the
layering of 70° to the SE, and the plunge of the drill hole towards
the NW (-45° for LD-19-002 and LD-19-022 or -60° for
LD-19-024).
|
Adriaan Bakker, President and CEO
of VanadiumCorp, states: "We are extremely pleased with the
results of the first three drill holes on our Lac Doré 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% V2O5 over at
least 5 m* identified in the first
three holes, culminating in a 29.4 m*
intercept grading 0.66% V2O5 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 Doré Vanadium prospect. "
Table 1: Summary of the significant intersections, with weighted
average grades for V2O5,
Fe2O3 and TiO2, intersected core
lengths, and estimated true thicknesses.
HOLE-ID
|
FROM
(m)
|
TO
(m)
|
CORE
LENGTH
(m)
|
ESTIMATED TRUE
THICKNESS (m)
|
V2O5
(%)
|
Fe2O3
(%)
|
TiO2
(%)
|
Zone
|
LD-19-002
INCLUDING
|
10.0
|
20.5
|
10.5
|
9.5
|
0.53
|
55.13
|
12.95
|
P3
|
11.5
|
14.1
|
2.6
|
2.4
|
0.63
|
59.00
|
14.95
|
LD-19-002
INCLUDING
AND
|
85.1
|
104.3
|
19.2
|
17.4
|
0.66
|
58.19
|
12.73
|
P2
|
87.0
|
89.7
|
2.7
|
2.4
|
0.74
|
66.15
|
15.23
|
92.0
|
102.5
|
10.5
|
9.5
|
0.75
|
65.34
|
14.20
|
LD-19-002
INCLUDING
AND
|
119.9
|
152.3
|
32.5
|
29.4
|
0.66
|
53.18
|
10.57
|
P2
|
122.8
|
132.8
|
10.0
|
9.1
|
0.73
|
60.09
|
12.50
|
143.5
|
151.0
|
7.5
|
6.8
|
0.80
|
60.46
|
11.46
|
LD-19-002
INCLUDING
|
154.5
|
160.8
|
6.3
|
5.7
|
0.77
|
55.78
|
10.55
|
P2
|
156.5
|
160.8
|
4.3
|
3.9
|
0.84
|
59.63
|
11.35
|
LD-19-002
|
165.3
|
176.6
|
11.3
|
10.2
|
0.70
|
49.13
|
8.74
|
P1
|
LD-19-002
|
181.0
|
185.9
|
4.8
|
4.4
|
0.54
|
38.41
|
6.52
|
P1
|
LD-19-022
INCLUDING
|
42.9
|
60.0
|
17.2
|
15.5
|
0.48
|
52.88
|
12.62
|
P3
|
52.5
|
58.5
|
6.0
|
5.4
|
0.59
|
60.55
|
14.50
|
LD-19-022
INCLUDING
AND
|
102.9
|
132.5
|
29.6
|
26.8
|
0.59
|
48.46
|
9.23
|
P2
|
102.9
|
115.0
|
12.1
|
11.0
|
0.66
|
55.21
|
11.50
|
118.4
|
123.7
|
5.4
|
4.8
|
0.73
|
55.86
|
10.52
|
LD-19-022
INCLUDING
AND
|
143.5
|
164.9
|
21.4
|
19.4
|
0.45
|
35.05
|
5.39
|
P2
|
146.5
|
148.0
|
1.5
|
1.4
|
0.79
|
56.00
|
9.62
|
162.7
|
164.9
|
2.2
|
2.0
|
0.72
|
49.40
|
8.21
|
LD-19-022
|
173.0
|
185.7
|
12.7
|
11.5
|
0.42
|
33.04
|
4.67
|
P2
|
LD-19-022
INCLUDING
|
195.7
|
204.1
|
8.4
|
7.6
|
0.51
|
39.57
|
5.51
|
P2
|
201.7
|
203.0
|
1.3
|
1.2
|
0.83
|
56.30
|
8.77
|
LD-19-022
|
218.1
|
227.4
|
9.3
|
8.4
|
0.49
|
35.18
|
5.28
|
P1
|
LD-19-022
|
232.5
|
235.8
|
3.3
|
3.0
|
0.28
|
21.73
|
3.18
|
P0
|
LD-19-022
|
252.5
|
255.3
|
2.9
|
2.6
|
0.41
|
30.73
|
4.03
|
P0
|
LD-19-024
INCLUDING
|
25.0
|
36.5
|
11.5
|
8.8
|
0.51
|
52.91
|
11.89
|
P3
|
27.9
|
35.0
|
7.1
|
5.4
|
0.63
|
62.29
|
14.23
|
LD-19-024
|
104.0
|
109.0
|
5.1
|
3.9
|
0.73
|
65.65
|
14.88
|
P2
|
LD-19-024
|
113.6
|
117.1
|
3.5
|
2.7
|
0.58
|
53.86
|
11.16
|
P2
|
LD-19-024
|
127.0
|
136.9
|
9.9
|
7.6
|
0.62
|
52.49
|
11.27
|
P2
|
LD-19-024
|
151.7
|
157.3
|
5.6
|
4.3
|
0.73
|
58.90
|
12.38
|
P2
|
LD-19-024
INCLUDING
|
172.3
|
186.3
|
14.0
|
10.7
|
0.72
|
53.48
|
10.57
|
P2
|
182.5
|
185.5
|
3.0
|
2.3
|
0.87
|
63.40
|
12.30
|
LD-19-024
|
191.8
|
198.1
|
6.3
|
4.8
|
0.80
|
57.36
|
10.61
|
P2
|
LD-19-024
INCLUDING
|
203.7
|
219.4
|
15.7
|
12.0
|
0.72
|
51.07
|
9.40
|
P2
|
217.0
|
219.4
|
2.4
|
1.8
|
0.90
|
62.58
|
11.00
|
LD-19-024
|
225.2
|
235.2
|
10.0
|
7.7
|
0.48
|
35.89
|
5.72
|
P1
|
2019 exploration program
The summer-fall 2019 exploration program conducted at the Lac
Doré Vanadium property was designed by the Company with the aid of
mining industry consultants InnovExplo of Val-d'Or, Québec and CSA Global of
Vancouver, BC. The exploration
program was managed by InnovExplo of Val-d'Or, Québec under the supervision of the
Table Jamésienne de Concertation Minière (TJCM) of Chibougamau, Québec.
The infill and extension drilling program was the main component
of the 2019 exploration program. Thirty-five (35) holes were
drilled (total: 9,196 m) within the
outline of the corridor hosting banded VTM mineralization that was
the focus of historic drilling, including 28 holes drilled to map
the continuity of VTM mineralization between historic holes
(7,642 m) and seven (7) holes drilled
to twin historic holes (total: 1,554
m). The drilling was carried out by Miikan Drilling Ltd of
Chibougamau.
Drill core samples (half-core) are submitted to SGS Canada
Inc.'s facilities in Val d'Or and
Quebec City, Quebec for
preparation. The entire sample is dried as required and crushed to
75% passing 2 mm. A 1000-1500 g subsample is then split out and
pulverized to 85% passing 75 μm and ~150 g subsample taken for head
assays.
Samples are then shipped to SGS Canada Inc.'s facility at
Lakefield, Ontario for Whole Rock
Analysis (WRA) performed by X-Ray Fluorescence spectroscopy (XRF).
The SGS facilities are ISO/IEC 17025 standard certified for the
methods used, and all analytical methods include quality control
materials at set frequencies with established data acceptance
criteria. The suite of elements analysed includes SiO2,
Al2O3, Fe2O3, MgO, CaO,
Na2O, K2O, TiO2,
P2O5, MnO, Cr2O3,
V2O5, and Loss on Ignition (LOI).
Strict QA/QC protocols designed by InnovExplo and CSA Global was
implemented to ensure the assay results are relevant, reliable and
in accordance with industry standards, CIM Mineral Exploration Best
Practice Guidelines (CIM Exploration Guidelines, 2018) and National
Instrument 43-101 – Standards of Disclosure for Mineral Projects
(NI 43-101) disclosure requirements.
The QAQC Protocol is as follows:
Minimum 5% appropriate VTM standards to be inserted into the
sample stream (i.e. 1 standard per 20 samples);
Minimum 5% blanks to be inserted into the sample stream;
All coarse rejects and pulps to be collected from the
laboratory
5% of pulps to be resubmitted to SGS in later batches as
duplicates with new sample numbers
5% of pulps to be submitted to an umpire laboratory
https://www.vanadiumcorp.com/releases/vanadiumcorp-intercepts-0-66-v2o5-over-29-4-metres-at-lac-dore-quebec/
The details of the first results received from the laboratory
are presented in table below (Lengths are expressed along drill
core axis. The true thickness was not determined):
Hole
Id
|
From
|
To
|
Core
length
|
V2O5
(%)
|
High
Grade
interval
V2O5
(>0.6%)
|
Grade
interval
V2O5
(>0.3%)
|
Fe2O3
(%)
|
High
Grade
interval
Fe2O3
(>45%)
|
Grade
interval
Fe2O3
(>30%)
|
TiO2
(%)
|
High
Grade
interval
TiO2
(>9%)
|
Grade
interval
TiO2
(>5%)
|
|
10.0
|
11.5
|
1.5
|
0.58
|
|
0.53 %
over
|
56.60
|
|
55.13 %
over
|
14.00
|
|
12.95 %
over
|
|
11.5
|
13.0
|
1.5
|
0.61
|
0.63 %
over
|
10.5 m
|
60.10
|
59.00 %
over
|
10.5 m
|
14.70
|
14.95 %
over
|
10.5 m
|
|
13.0
|
14.1
|
1.1
|
0.65
|
2.6 m
|
|
57.50
|
2.6 m
|
|
15.30
|
2.6 m
|
|
|
14.1
|
14.8
|
0.7
|
0.13
|
|
|
22.10
|
|
|
2.77
|
|
|
|
14.8
|
16.0
|
1.3
|
0.45
|
|
|
48.70
|
|
|
9.86
|
|
|
|
16.0
|
17.5
|
1.5
|
0.62
|
|
|
61.20
|
|
|
14.30
|
|
|
|
17.5
|
19.0
|
1.5
|
0.55
|
|
|
65.10
|
|
|
15.50
|
|
|
|
19.0
|
20.5
|
1.5
|
0.43
|
|
|
50.60
|
|
|
11.50
|
|
|
|
47.5
|
49.0
|
1.5
|
0.61
|
0.61 % / 1.5
m
|
|
59.80
|
59.80 % / 1.5
m
|
|
13.80
|
13.80 % / 1.5
m
|
|
|
85.1
|
86.0
|
0.9
|
0.62
|
|
0.66 %
over
|
57.00
|
|
58.19 %
over
|
12.80
|
|
12.73 %
over
|
|
86.0
|
86.4
|
0.4
|
0.12
|
|
19.2 m
|
15.30
|
|
19.15 m
|
2.72
|
|
19.2 m
|
|
86.4
|
87.0
|
0.6
|
0.69
|
|
|
62.80
|
|
|
14.20
|
|
|
|
87.0
|
88.5
|
1.5
|
0.73
|
0.74 %
over
|
|
66.50
|
66.15 %
over
|
|
15.10
|
15.23 %
over
|
|
|
88.5
|
89.7
|
1.2
|
0.75
|
2.7 m
|
|
65.70
|
2.7 m
|
|
15.40
|
2.7 m
|
|
|
89.7
|
91.3
|
1.6
|
0.04
|
|
|
11.20
|
|
|
1.39
|
|
|
|
91.3
|
92.0
|
0.8
|
0.66
|
|
|
58.30
|
|
|
13.40
|
|
|
|
92.0
|
93.5
|
1.5
|
0.74
|
0.75 %
over
|
|
65.70
|
65.34 %
over
|
|
14.50
|
14.20 %
over
|
|
|
93.5
|
95.0
|
1.5
|
0.76
|
10.5 m
|
|
66.20
|
10.5 m
|
|
14.60
|
10.5 m
|
|
|
95.0
|
96.5
|
1.5
|
0.73
|
|
|
65.30
|
|
|
14.20
|
|
|
|
96.5
|
98.0
|
1.5
|
0.77
|
|
|
66.80
|
|
|
14.70
|
|
|
|
98.0
|
99.5
|
1.5
|
0.81
|
|
|
68.70
|
|
|
15.00
|
|
|
|
99.5
|
101.0
|
1.5
|
0.74
|
|
|
62.40
|
|
|
13.20
|
|
|
|
101.0
|
102.5
|
1.5
|
0.73
|
|
|
62.30
|
|
|
13.20
|
|
|
|
102.5
|
103.5
|
1.0
|
0.69
|
|
|
60.10
|
|
|
12.90
|
|
|
|
103.5
|
104.3
|
0.8
|
0.53
|
|
|
48.10
|
|
|
10.70
|
|
|
|
119.9
|
121.3
|
1.5
|
0.59
|
|
0.66 %
over
|
52.10
|
|
53.18 %
over
|
10.70
|
|
10.57 %
over
|
|
121.3
|
122.8
|
1.5
|
0.68
|
|
32.45 m
|
59.40
|
|
32.45 m
|
12.00
|
|
32.45 m
|
|
122.8
|
124.3
|
1.5
|
0.73
|
0.73 %
over
|
|
61.70
|
60.09 %
over
|
|
12.90
|
12.50 %
over
|
|
|
124.3
|
125.8
|
1.5
|
0.76
|
10.0 m
|
|
63.10
|
10.0 m
|
|
13.20
|
10.0 m
|
|
|
125.8
|
127.3
|
1.5
|
0.65
|
|
|
55.50
|
|
|
11.30
|
|
|
|
127.3
|
128.8
|
1.5
|
0.67
|
|
|
54.60
|
|
|
11.20
|
|
|
|
128.8
|
130.3
|
1.5
|
0.78
|
|
|
62.40
|
|
|
13.10
|
|
|
|
130.3
|
131.3
|
1.0
|
0.78
|
|
|
62.70
|
|
|
13.10
|
|
|
|
131.3
|
132.8
|
1.5
|
0.76
|
|
|
61.50
|
|
|
12.90
|
|
|
|
132.8
|
134.3
|
1.5
|
0.61
|
|
|
49.80
|
|
|
10.10
|
|
|
|
134.3
|
135.8
|
1.5
|
0.67
|
|
|
54.40
|
|
|
11.30
|
|
|
|
135.8
|
137.0
|
1.2
|
0.77
|
|
|
59.60
|
|
|
12.10
|
|
|
|
137.0
|
137.8
|
0.8
|
0.70
|
|
|
56.30
|
|
|
11.20
|
|
|
|
137.8
|
138.4
|
0.5
|
0.17
|
|
|
23.10
|
|
|
2.86
|
|
|
|
138.4
|
139.5
|
1.2
|
0.48
|
|
|
37.00
|
|
|
7.58
|
|
|
|
139.5
|
139.9
|
0.4
|
0.03
|
|
|
9.93
|
|
|
0.68
|
|
|
LD-19-002
|
139.9
|
140.4
|
0.4
|
0.69
|
|
|
53.70
|
|
|
10.70
|
|
|
|
140.4
|
141.4
|
1.0
|
0.11
|
|
|
15.00
|
|
|
1.98
|
|
|
|
141.4
|
141.8
|
0.5
|
0.44
|
|
|
37.30
|
|
|
7.10
|
|
|
|
141.8
|
142.2
|
0.4
|
0.07
|
|
|
13.00
|
|
|
1.71
|
|
|
|
142.2
|
143.5
|
1.3
|
0.51
|
|
|
40.50
|
|
|
8.11
|
|
|
|
143.5
|
145.0
|
1.5
|
0.76
|
0.80 %
over
|
|
58.60
|
60.46 %
over
|
|
11.50
|
11.46 %
over
|
|
|
145.0
|
146.5
|
1.5
|
0.81
|
7.5 m
|
|
61.20
|
7.5 m
|
|
11.60
|
7.5 m
|
|
|
146.5
|
148.0
|
1.5
|
0.73
|
|
|
55.40
|
|
|
10.50
|
|
|
|
148.0
|
149.5
|
1.5
|
0.85
|
|
|
64.80
|
|
|
12.00
|
|
|
|
149.5
|
151.0
|
1.5
|
0.83
|
|
|
62.30
|
|
|
11.70
|
|
|
|
151.0
|
152.3
|
1.3
|
0.63
|
|
|
46.70
|
|
|
8.58
|
|
|
|
154.5
|
155.5
|
1.0
|
0.60
|
|
0.77 %
over
|
45.70
|
|
55.78 %
over
|
8.40
|
|
10.55 %
over
|
|
155.5
|
156.5
|
1.0
|
0.67
|
|
6.3 m
|
49.30
|
|
6.3 m
|
9.30
|
|
6.3 m
|
|
156.5
|
158.0
|
1.5
|
0.79
|
0.84 %
over
|
|
55.40
|
59.63 %
over
|
|
10.60
|
11.35 %
over
|
|
|
158.0
|
159.5
|
1.5
|
0.86
|
4.3 m
|
|
61.30
|
4.3 m
|
|
11.70
|
4.3 m
|
|
|
159.5
|
160.8
|
1.3
|
0.86
|
|
|
62.60
|
|
|
11.80
|
|
|
|
165.3
|
166.8
|
1.5
|
0.80
|
0.70 %
over
|
|
57.00
|
49.13 %
over
|
|
10.60
|
8.74 %
over
|
|
|
166.8
|
168.3
|
1.5
|
0.79
|
11.3 m
|
|
55.80
|
11.3 m
|
|
9.96
|
11.3 m
|
|
|
168.3
|
169.8
|
1.5
|
0.76
|
|
|
50.40
|
|
|
9.54
|
|
|
|
169.8
|
170.8
|
1.0
|
0.75
|
|
|
53.40
|
|
|
9.16
|
|
|
|
170.8
|
171.4
|
0.6
|
0.93
|
|
|
64.50
|
|
|
11.50
|
|
|
|
171.4
|
172.3
|
0.9
|
0.22
|
|
|
17.60
|
|
|
2.93
|
|
|
|
172.3
|
173.5
|
1.2
|
0.75
|
|
|
52.30
|
|
|
9.22
|
|
|
|
173.5
|
174.9
|
1.4
|
0.32
|
|
|
24.30
|
|
|
4.08
|
|
|
|
174.9
|
175.9
|
1.0
|
0.90
|
|
|
61.50
|
|
|
10.60
|
|
|
|
175.9
|
176.6
|
0.7
|
0.92
|
|
|
64.10
|
|
|
10.90
|
|
|
|
181.0
|
182.0
|
1.0
|
0.53
|
|
0.54 %
over
|
40.20
|
|
38.41 %
over
|
6.23
|
|
6.52 %
over
|
|
182.0
|
182.5
|
0.5
|
0.95
|
|
4.8 m
|
64.50
|
|
4.8 m
|
10.60
|
|
4.8 m
|
|
182.5
|
183.8
|
1.3
|
0.38
|
|
|
26.20
|
|
|
4.25
|
|
|
|
183.8
|
184.6
|
0.8
|
0.73
|
|
|
51.80
|
|
|
8.81
|
|
|
|
184.6
|
185.4
|
0.8
|
0.25
|
|
|
17.30
|
|
|
3.12
|
|
|
|
185.4
|
185.9
|
0.4
|
0.82
|
|
|
58.30
|
|
|
11.80
|
|
|
|
42.9
|
44.5
|
1.6
|
0.46
|
|
0.48 %
over
|
53.10
|
|
52.88 %
over
|
13.60
|
|
12.62 %
over
|
|
44.5
|
45.9
|
1.4
|
0.52
|
|
17.2 m
|
60.20
|
|
17.2 m
|
14.60
|
|
17.2 m
|
|
45.9
|
47.5
|
1.6
|
0.42
|
|
|
50.30
|
|
|
11.70
|
|
|
|
47.5
|
49.0
|
1.5
|
0.49
|
|
|
55.60
|
|
|
13.50
|
|
|
|
49.0
|
49.6
|
0.6
|
0.04
|
|
|
13.70
|
|
|
1.04
|
|
|
|
49.6
|
51.0
|
1.5
|
0.44
|
|
|
48.70
|
|
|
11.70
|
|
|
|
51.0
|
52.5
|
1.5
|
0.39
|
|
|
45.80
|
|
|
10.30
|
|
|
|
52.5
|
54.0
|
1.5
|
0.52
|
0.59 %
over
|
|
55.10
|
60.55 %
over
|
|
13.30
|
14.50 %
over
|
|
|
54.0
|
55.5
|
1.5
|
0.55
|
6.0 m
|
|
57.70
|
6.0 m
|
|
13.80
|
6.0 m
|
|
|
55.5
|
57.0
|
1.5
|
0.62
|
|
|
62.80
|
|
|
15.00
|
|
|
|
57.0
|
58.5
|
1.5
|
0.67
|
|
|
66.60
|
|
|
15.90
|
|
|
|
58.5
|
60.0
|
1.5
|
0.41
|
|
|
42.00
|
|
|
10.10
|
|
|
|
102.9
|
104.4
|
1.5
|
0.65
|
0.66 %
over
|
0.59 %
over
|
55.00
|
55.21 %
over
|
48.46 %
over
|
12.20
|
11.50 %
over
|
9.23 %
over
|
|
104.4
|
105.8
|
1.4
|
0.67
|
12.1 m
|
29.60 m
|
56.90
|
12.1 m
|
29.60 m
|
12.40
|
12.1 m
|
29.60 m
|
|
105.8
|
107.0
|
1.2
|
0.60
|
|
|
51.70
|
|
|
11.10
|
|
|
|
107.0
|
108.0
|
1.0
|
0.72
|
|
|
59.40
|
|
|
12.70
|
|
|
|
108.0
|
109.5
|
1.5
|
0.68
|
|
|
57.70
|
|
|
12.00
|
|
|
|
109.5
|
112.0
|
2.5
|
0.67
|
|
|
55.50
|
|
|
11.20
|
|
|
|
112.0
|
113.5
|
1.5
|
0.70
|
|
|
55.70
|
|
|
11.30
|
|
|
|
113.5
|
115.0
|
1.5
|
0.58
|
|
|
50.40
|
|
|
9.65
|
|
|
|
115.0
|
116.6
|
1.6
|
0.06
|
|
|
23.40
|
|
|
1.28
|
|
|
|
116.6
|
117.8
|
1.2
|
0.69
|
|
|
52.90
|
|
|
10.40
|
|
|
|
117.8
|
118.4
|
0.6
|
0.31
|
|
|
28.20
|
|
|
4.87
|
|
|
|
118.4
|
120.0
|
1.7
|
0.74
|
0.73 %
over
|
|
55.40
|
55.86 %
over
|
|
10.70
|
10.52 %
over
|
|
|
120.0
|
121.5
|
1.5
|
0.66
|
5.4 m
|
|
51.90
|
5.4 m
|
|
9.61
|
5.4 m
|
|
|
121.5
|
123.7
|
2.2
|
0.77
|
|
|
58.90
|
|
|
11.00
|
|
|
|
123.7
|
124.8
|
1.1
|
0.36
|
|
|
27.70
|
|
|
5.39
|
|
|
|
124.8
|
125.8
|
1.0
|
0.42
|
|
|
32.40
|
|
|
5.82
|
|
|
|
125.8
|
127.5
|
1.7
|
0.54
|
|
|
43.50
|
|
|
7.37
|
|
|
|
127.5
|
129.0
|
1.5
|
0.62
|
|
|
48.10
|
|
|
8.31
|
|
|
|
129.0
|
130.0
|
1.0
|
0.54
|
|
|
44.10
|
|
|
7.35
|
|
|
|
130.0
|
130.9
|
0.9
|
0.04
|
|
|
12.70
|
|
|
1.13
|
|
|
|
130.9
|
132.5
|
1.6
|
0.72
|
0.72 % / 1.6
m
|
|
54.90
|
54.90 %
/ 1.6 m
|
|
9.86
|
9.86 % / 1.6
m
|
|
|
143.5
|
145.0
|
1.5
|
0.42
|
|
0.45 %
over
|
35.10
|
|
35.05 %
over
|
5.26
|
|
5.39 %
over
|
|
145.0
|
146.5
|
1.5
|
0.48
|
|
21.4 m
|
39.90
|
|
21.4 m
|
6.04
|
|
21.4 m
|
|
146.5
|
148.0
|
1.5
|
0.79
|
0.79 % / 1.5
m
|
|
56.00
|
56.00 % /
1.5 m
|
|
9.62
|
9.62 % / 1.5
m
|
|
|
148.0
|
149.5
|
1.5
|
0.36
|
|
|
30.20
|
|
|
4.25
|
|
|
|
149.5
|
151.0
|
1.5
|
0.36
|
|
|
30.60
|
|
|
4.31
|
|
|
|
151.0
|
152.5
|
1.5
|
0.57
|
|
|
43.40
|
|
|
6.99
|
|
|
|
152.5
|
154.0
|
1.5
|
0.48
|
|
|
36.70
|
|
|
5.71
|
|
|
|
154.0
|
155.5
|
1.5
|
0.33
|
|
|
27.30
|
|
|
3.80
|
|
|
|
155.5
|
158.0
|
2.5
|
0.35
|
|
|
28.70
|
|
|
4.32
|
|
|
|
158.0
|
159.5
|
1.5
|
0.48
|
|
|
36.40
|
|
|
5.42
|
|
|
|
159.5
|
161.0
|
1.5
|
0.25
|
|
|
21.30
|
|
|
3.01
|
|
|
|
161.0
|
162.7
|
1.7
|
0.24
|
|
|
20.20
|
|
|
2.86
|
|
|
|
162.7
|
164.9
|
2.2
|
0.72
|
0.72 % / 2.2
m
|
|
49.40
|
49.40 %
/ 2.2 m
|
|
8.21
|
8.21 % / 2.2
m
|
|
|
173.0
|
174.5
|
1.5
|
0.46
|
|
0.42 %
over
|
34.60
|
|
33.04 %
over
|
5.35
|
|
4.67 %
over
|
|
174.5
|
175.8
|
1.3
|
0.74
|
|
12.7 m
|
53.10
|
|
12.7 m
|
8.33
|
|
12.7 m
|
|
175.8
|
177.3
|
1.5
|
0.30
|
|
|
22.40
|
|
|
3.28
|
|
|
|
177.3
|
180.0
|
2.7
|
0.40
|
|
|
33.70
|
|
|
4.44
|
|
|
|
180.0
|
181.5
|
1.5
|
0.38
|
|
|
33.70
|
|
|
4.23
|
|
|
|
181.5
|
183.8
|
2.3
|
0.39
|
|
|
33.90
|
|
|
4.33
|
|
|
|
183.8
|
185.7
|
1.9
|
0.33
|
|
|
24.00
|
|
|
3.78
|
|
|
|
195.7
|
197.0
|
1.3
|
0.35
|
|
0.51 %
over
|
29.80
|
|
39.57 %
over
|
3.71
|
|
5.51 %
over
|
LD-19-022
|
197.0
|
199.2
|
2.2
|
0.65
|
|
8.4 m
|
47.70
|
|
8.4 m
|
7.06
|
|
8.4 m
|
|
199.2
|
200.5
|
1.3
|
0.26
|
|
|
23.70
|
|
|
2.80
|
|
|
|
200.5
|
201.7
|
1.2
|
0.29
|
|
|
27.70
|
|
|
3.02
|
|
|
|
201.7
|
203.0
|
1.3
|
0.83
|
0.83 % / 1.3
m
|
|
56.30
|
56.30 % / 1.3
m
|
|
8.77
|
8.77 % / 1.3
m
|
|
|
203.0
|
204.1
|
1.1
|
0.59
|
|
|
46.80
|
|
|
6.58
|
|
|
|
218.1
|
219.5
|
1.4
|
0.57
|
|
0.49 %
over
|
40.20
|
|
35.18 %
over
|
6.18
|
|
5.28 %
over
|
|
219.5
|
221.0
|
1.5
|
0.62
|
|
9.3 m
|
43.70
|
|
9.3 m
|
6.66
|
|
9.3 m
|
|
221.0
|
222.5
|
1.5
|
0.49
|
|
|
34.00
|
|
|
5.10
|
|
|
|
222.5
|
223.2
|
0.7
|
0.75
|
|
|
52.20
|
|
|
7.87
|
|
|
|
223.2
|
224.2
|
1.0
|
0.23
|
|
|
17.80
|
|
|
2.46
|
|
|
|
224.2
|
225.0
|
0.8
|
0.70
|
|
|
48.00
|
|
|
7.25
|
|
|
|
225.0
|
226.2
|
1.2
|
0.16
|
|
|
14.00
|
|
|
1.93
|
|
|
|
226.2
|
227.4
|
1.2
|
0.52
|
|
|
37.30
|
|
|
5.57
|
|
|
|
232.5
|
234.0
|
1.5
|
0.38
|
|
0.28 %
over
|
28.50
|
|
21.73 %
over
|
4.24
|
|
3.18 %
over
|
|
234.0
|
235.3
|
1.3
|
0.13
|
|
3.3 m
|
10.90
|
|
3.3 m
|
1.51
|
|
3.3 m
|
|
235.3
|
235.8
|
0.5
|
0.39
|
|
|
29.60
|
|
|
4.37
|
|
|
|
252.5
|
254.0
|
1.6
|
0.32
|
|
0.41 %
over
|
28.40
|
|
30.73 %
over
|
3.25
|
|
4.03 %
over
|
|
254.0
|
255.3
|
1.3
|
0.51
|
|
2.9 m
|
33.50
|
|
2.9 m
|
4.97
|
|
2.9 m
|
|
25.0
|
26.0
|
1.0
|
0.46
|
|
0.51 %
over
|
48.30
|
|
52.91 %
over
|
11.20
|
|
11.89 %
over
|
|
26.0
|
26.7
|
0.7
|
0.36
|
|
11.5 m
|
35.50
|
|
11.5 m
|
8.78
|
|
11.5 m
|
|
26.7
|
27.2
|
0.5
|
0.04
|
|
|
13.20
|
|
|
1.02
|
|
|
|
27.2
|
27.9
|
0.7
|
0.21
|
|
|
26.70
|
|
|
5.00
|
|
|
|
27.9
|
29.4
|
1.5
|
0.63
|
0.63 %
over
|
|
62.20
|
62.29 %
over
|
|
14.80
|
14.23 %
over
|
|
|
29.4
|
30.9
|
1.5
|
0.50
|
7.1 m
|
|
54.60
|
7.1 m
|
|
11.40
|
7.1 m
|
|
|
30.9
|
32.4
|
1.5
|
0.69
|
|
|
66.10
|
|
|
15.20
|
|
|
|
32.4
|
33.9
|
1.5
|
0.70
|
|
|
65.30
|
|
|
15.10
|
|
|
|
33.9
|
35.0
|
1.1
|
0.66
|
|
|
63.60
|
|
|
14.80
|
|
|
|
35.0
|
36.5
|
1.5
|
0.33
|
|
|
45.20
|
|
|
9.53
|
|
|
|
104.0
|
105.0
|
1.1
|
0.73
|
0.73 %
over
|
|
66.00
|
65.65 %
over
|
|
15.20
|
14.88 %
over
|
|
|
105.0
|
106.5
|
1.5
|
0.73
|
5.1 m
|
|
66.30
|
5.1 m
|
|
15.20
|
5.1 m
|
|
|
106.5
|
108.0
|
1.5
|
0.73
|
|
|
65.60
|
|
|
14.80
|
|
|
|
108.0
|
109.0
|
1.0
|
0.72
|
|
|
64.40
|
|
|
14.20
|
|
|
|
113.6
|
115.0
|
1.4
|
0.48
|
|
0.58 %
over
|
46.30
|
53.86 %
over
|
|
9.32
|
11.16 %
over
|
|
|
115.0
|
116.0
|
1.0
|
0.66
|
|
3.5 m
|
59.90
|
3.5 m
|
|
12.60
|
3.5 m
|
|
|
116.0
|
117.1
|
1.1
|
0.64
|
|
|
58.00
|
|
|
12.20
|
|
|
|
127.0
|
128.0
|
1.0
|
0.71
|
0.62 %
over
|
|
54.80
|
52.49 %
over
|
|
12.70
|
11.27 %
over
|
|
|
128.0
|
129.0
|
1.0
|
0.77
|
9.9 m
|
|
64.90
|
9.9 m
|
|
13.60
|
9.9 m
|
|
|
129.0
|
130.0
|
1.0
|
0.49
|
|
|
42.60
|
|
|
8.63
|
|
|
|
130.0
|
131.0
|
1.0
|
0.63
|
|
|
54.90
|
|
|
11.40
|
|
|
|
131.0
|
131.6
|
0.6
|
0.62
|
|
|
53.00
|
|
|
11.20
|
|
|
|
131.6
|
133.0
|
1.4
|
0.64
|
|
|
54.10
|
|
|
11.70
|
|
|
|
133.0
|
134.5
|
1.5
|
0.66
|
|
|
56.50
|
|
|
12.30
|
|
|
|
134.5
|
135.7
|
1.2
|
0.60
|
|
|
51.70
|
|
|
11.60
|
|
|
|
135.7
|
136.1
|
0.4
|
0.10
|
|
|
15.40
|
|
|
2.09
|
|
|
|
136.1
|
136.9
|
0.8
|
0.60
|
|
|
52.40
|
|
|
11.20
|
|
|
|
151.7
|
153.0
|
1.3
|
0.73
|
0.73 %
over
|
|
60.10
|
58.90 %
over
|
|
12.80
|
12.38 %
over
|
|
|
153.0
|
154.5
|
1.5
|
0.68
|
5.6 m
|
|
55.60
|
5.6 m
|
|
11.50
|
5.6 m
|
|
|
154.5
|
156.0
|
1.5
|
0.76
|
|
|
59.70
|
|
|
12.60
|
|
|
|
156.0
|
157.3
|
1.3
|
0.76
|
|
|
60.60
|
|
|
12.70
|
|
|
|
172.3
|
173.1
|
0.8
|
0.54
|
|
0.72 %
over
|
41.70
|
|
53.48 %
over
|
8.32
|
|
10.57 %
over
|
|
173.1
|
174.0
|
0.9
|
0.21
|
|
14.0 m
|
17.50
|
|
14.0 m
|
3.18
|
|
14.0 m
|
LD-19-024
|
174.0
|
175.0
|
1.0
|
0.43
|
|
|
33.70
|
|
|
6.71
|
|
|
|
175.0
|
176.5
|
1.5
|
0.81
|
|
|
61.60
|
|
|
12.10
|
|
|
|
176.5
|
178.0
|
1.5
|
0.75
|
|
|
58.70
|
|
|
11.80
|
|
|
|
178.0
|
179.5
|
1.5
|
0.78
|
|
|
57.50
|
|
|
11.60
|
|
|
|
179.5
|
181.0
|
1.5
|
0.78
|
|
|
57.20
|
|
|
11.40
|
|
|
|
181.0
|
182.5
|
1.5
|
0.73
|
|
|
54.30
|
|
|
10.80
|
|
|
|
182.5
|
184.0
|
1.5
|
0.84
|
0.87 %
over
|
|
61.90
|
63.40 %
over
|
|
12.10
|
12.30 %
over
|
|
|
184.0
|
185.5
|
1.5
|
0.89
|
3.0 m
|
|
64.90
|
3.0 m
|
|
12.50
|
3.0 m
|
|
|
185.5
|
186.3
|
0.8
|
0.74
|
|
|
52.10
|
|
|
10.40
|
|
|
|
191.8
|
192.5
|
0.7
|
0.57
|
0.80 %
over
|
|
42.90
|
57.36 %
over
|
|
8.15
|
10.61 %
over
|
|
|
192.5
|
194.0
|
1.5
|
0.85
|
6.3 m
|
|
59.20
|
6.3 m
|
|
10.90
|
6.3 m
|
|
|
194.0
|
195.5
|
1.5
|
0.81
|
|
|
57.60
|
|
|
10.80
|
|
|
|
195.5
|
197.0
|
1.5
|
0.83
|
|
|
60.00
|
|
|
11.30
|
|
|
|
197.0
|
198.1
|
1.1
|
0.81
|
|
|
60.10
|
|
|
10.60
|
|
|
|
203.7
|
205.0
|
1.3
|
0.85
|
|
0.72 %
over
|
61.70
|
|
51.07 %
over
|
11.40
|
|
9.04 %
over
|
|
205.0
|
205.8
|
0.8
|
0.77
|
|
15.7 m
|
56.30
|
|
15.7 m
|
9.81
|
|
15.7 m
|
|
205.8
|
207.0
|
1.2
|
0.84
|
|
|
58.70
|
|
|
10.70
|
|
|
|
207.0
|
208.5
|
1.5
|
0.67
|
|
|
48.10
|
|
|
8.58
|
|
|
|
208.5
|
210.0
|
1.5
|
0.70
|
|
|
49.80
|
|
|
8.86
|
|
|
|
210.0
|
211.5
|
1.5
|
0.77
|
|
|
54.40
|
|
|
9.55
|
|
|
|
211.5
|
212.5
|
1.0
|
0.91
|
|
|
63.10
|
|
|
11.20
|
|
|
|
212.5
|
213.9
|
1.3
|
0.28
|
|
|
22.20
|
|
|
3.64
|
|
|
|
213.9
|
215.0
|
1.2
|
0.84
|
|
|
59.90
|
|
|
10.50
|
|
|
|
215.0
|
216.0
|
1.0
|
0.28
|
|
|
19.60
|
|
|
3.60
|
|
|
|
216.0
|
217.0
|
1.0
|
0.66
|
|
|
46.50
|
|
|
7.85
|
|
|
|
217.0
|
218.0
|
1.0
|
0.85
|
0.90 %
over
|
|
58.50
|
62.58 %
over
|
|
10.20
|
11.00 %
over
|
|
|
218.0
|
219.4
|
1.3
|
0.94
|
2.3 m
|
|
65.60
|
2.3 m
|
|
11.60
|
2.3 m
|
|
|
225.2
|
226.5
|
1.3
|
0.47
|
|
0.48 %
over
|
35.60
|
|
35.89 %
over
|
5.47
|
|
5.72 %
over
|
|
226.5
|
227.4
|
0.9
|
0.65
|
|
10.0 m
|
46.80
|
|
10.0 m
|
7.45
|
|
10.0 m
|
|
227.4
|
228.1
|
0.7
|
0.27
|
|
|
20.70
|
|
|
3.07
|
|
|
|
228.1
|
229.0
|
0.9
|
0.62
|
|
|
44.70
|
|
|
7.48
|
|
|
|
229.0
|
229.9
|
0.9
|
0.69
|
|
|
49.90
|
|
|
8.13
|
|
|
|
229.9
|
231.2
|
1.3
|
0.34
|
|
|
26.10
|
|
|
4.16
|
|
|
|
231.2
|
231.9
|
0.7
|
0.80
|
|
|
56.70
|
|
|
9.22
|
|
|
|
231.9
|
233.0
|
1.2
|
0.10
|
|
|
12.00
|
|
|
1.52
|
|
|
|
233.0
|
233.7
|
0.7
|
0.11
|
|
|
11.60
|
|
|
1.61
|
|
|
|
233.7
|
235.2
|
1.5
|
0.72
|
|
|
51.10
|
|
|
8.46
|
|
|
Qualified Persons
The scientific and technical information disclosed in this news
release has been prepared, reviewed and approved by Mr.
Carl Pelletier, B.Sc., P.Geo.
(Québec) from InnovExplo, a consultant to the Company and an
Independent Qualified Person under NI 43-101 – Standards of
Disclosure for Mineral Projects.
About VanadiumCorp Resource Inc.
VanadiumCorp is an integrated technology and mining
company focused on developing the exclusive supply chain for
vanadium-based energy storage and emerging technologies that
utilize vanadium. VanadiumCorp is focused on commercializing the
most efficient and sustainable recovery method to produce vanadium
with jointly developed process technology. VanadiumCorp also holds
a significant vanadium-titanium-iron bearing resource base in
mining friendly Quebec, Canada
including the 100% owned Lac Doré Project adjacent to Blackrock
Metals Inc. and the 100% owned Iron-T Project near the Glencore
(Bracemac-McLeod) Matagami Copper-Zinc Mine.
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary & Forward-Looking Statements
This release contains forward-looking statements. All
statements other than statements of present or historical fact are
forward-looking statements, including statements with respect to
the anticipated use of Private Placement proceeds and anticipated
receipt of final TSX Venture Exchange acceptance for the Private
Placement. Forward-looking statements include words or
expressions such as "will", "subject to", "expect" and other
similar words or expressions. Factors that could cause future
results or events to differ materially from current expectations
expressed or implied by the forward-looking statements include
general business, economic, competitive, political and social
uncertainties; the state of capital markets and risks that may
impact the Company's business, operations and financial condition.
Although the Company believes that the expectations reflected in
these forward-looking statements are reasonable, undue reliance
should not be placed on them because the Company can give no
assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Additional information on these and other factors that could affect
the Company's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR website (www.sedar.com). We
disclaim any obligation to update or revise these forward-looking
statements, except as required by applicable law.
SOURCE VanadiumCorp Resource Inc.