ADDITIONAL INFERRED MINERAL RESOURCES OF 86.91
MILLION TONNES GRADING 25.9% MAGNETITE AND 1.2%
V2O5 IN MAGNETITE CONCENTRATE (EQUIVALENT TO
0.61 BILLION POUNDS OF VANADIUM PENTOXIDE CONTAINED)
VANCOUVER, BC, Oct. 29, 2020 /CNW/ - VanadiumCorp Resource Inc.
(TSX VENTURE: "VRB") (OTCBB:"APAFF") (FRANKFURT:"NWN") (the "Company") is pleased to
report the results of a Mineral Resource Estimate (MRE) for
the Company's 100% owned Lac Doré Vanadium Project. The total
Measured and Indicated Mineral Resources for the Lac Doré project
are estimated at 214.93 million tonnes (Mt) of mineralized
material contained in the Lac Doré Main Zone with the potential to
produce 52.97 million tonnes of magnetite concentrate grading 1.3%
Vanadium Pentoxide (V2O5), 62% Iron (Fe) and
8.7% Titanium Dioxide (TiO2).
In addition, the Lac Doré project hosts 86.91 Mt grading 0.4%
V2O5, 28.0% Fe, 7.6% TiO2 and
25.9% magnetite concentrate in the Inferred category which are
estimated to contain 22.55 Mt of magnetite concentrate grading
1.2% V2O5, 62% Fe and 9.2%
TiO2.
VanadiumCorp now has sufficient Mineral Resources in the
appropriate categories to progress with a preliminary economic
assessment or prefeasibility study. The Company plans to
independently validate its green jointly owned VanadiumCorp
Electrochem Process Technology ("VEPT") for use in future economic
studies.
Summary of the Mineral Resource Estimate:
- Measured and Indicated Mineral Resources of 214.93 Mt at 0.4%
V2O5, 27.1% Fe, 7.1% TiO2 and
24.6% magnetite.
- Measured and Indicated Mineral Resources estimated to contain
52.97 Mt of magnetite concentrate grading 1.3%
V2O5, 62% Fe and 8.7% TiO2.
- Measured and Indicated Mineral Resources estimated to contain
1.49 billion pounds of V2O5 in the magnetite
concentrate.
- Additional Inferred Mineral Resources of 86.91 Mt, grading at
0.4% V2O5, 28.0% Fe, 7.6% TiO2 and
25.9% magnetite.
- Inferred Mineral Resources estimated to contain 22.55 Mt of
magnetite concentrate, with the concentrate grading 1.2%
V2O5, 62% Fe and 9.2% TiO2.
- Inferred Mineral Resources estimated to contain an additional
0.61 billion pounds of V2O5 in the magnetite
concentrate.
- Significant stratigraphic unit with higher magnetite content
delineated within the resource (Unit P2-A) with:
-
- Measured & Indicated Mineral Resources of 78.1 Mt at 0.6%
V2O5, 33.4% Fe, 9.3% TiO2 and
33.9% magnetite, with 1.3% V2O5, 62.0% Fe and
9.3% TiO2 in magnetite concentrate.
- Inferred Mineral Resources totaling 29.2 Mt at 0.6%
V2O5, 32.7% Fe, 8.8% TiO2 and
32.8% magnetite with 1.3% V2O5, 62% Fe and
8.1% TiO2 in magnetite concentrate.
- 100.86 Mt in the Measured and Indicated category with magnetite
concentrate grades > 1.4% V2O5.
The Lac Doré Vanadium Project is comprised of 115 mining claims
(100% Company-owned) spanning an area of 45 km2 located
27 km southeast from the mining city of Chibougamau, in Eeyou Istchee James Bay
Territory, Northern Québec. The Chibougamau area is host to several
vanadiferous vanadium bearing titanomagnetite (VTM) deposits,
including the adjacent Southwest and Armitage deposits owned by
BlackRock Metals Inc. and the Mont Sorcier deposits owned by
Vanadium One Iron Corp. which are located on the north rim of the
Lac Doré Complex.
Vanadium at the Lac Doré Vanadium Project is hosted in layered
zones of VTM that crop out at surface and dip at approximately
60° to the southeast. The Lac Doré MRE was completed and
reported by CSA Global in accordance with the Canadian Institute of
Mining, Metallurgy and Petroleum ("CIM") Definition Standards. The
MRE includes recent infill drilling conducted at the Lac
Doré Vanadium Project successfully completed on October 15th, 2019 (Click here for
News Release) by independent mining industry consultants,
InnovExplo Inc. Detailed sampling (generally at 1.5 m or less) of the various magnetite-bearing
stratigraphic units in the layered portion of the Lac
Doré Complex allowed the delineation of magnetite layers with
higher vanadium grades.
Grades and tonnages are reported for both the head grade of
total mineralized material as in-situ rock containing VTM and other
minerals, as well as for the magnetite concentrates (i.e. for
material where VTM has been concentrated by magnetic separation, as
estimated using Davis Tube testing and previously reported by the
Company). Results are summarised in Table 1.
Adriaan Bakker, President and CEO
of VanadiumCorp, states: "The results of the Mineral Resource
estimate for our Lac Doré Vanadium project have exceeded our
expectations. We can state Lac Doré is one of the largest
undeveloped deposits of vanadiferous magnetite in the world, with
an excess of 1.4 billion Lbs of vanadium pentoxide contained in
magnetite concentrate. The favorable metallurgy/Davis Tube
results demonstrate the potential of the Lac Doré deposit to yield
magnetite concentrates with high vanadium grades, with a
significant proportion of the resources exceeding 1.4%
V2O5 in magnetite concentrate. The
significant tonnage of the Measured and Indicated mineral resources
highlights the excellent continuity of the VTM mineralization at
Lac Doré and sets the stage for more advanced technical studies on
the project, including metallurgical testing."
Table 1: Mineral Resource Estimate at Lac Doré with an effective
date of 27 October 2020.
|
In-Situ
Mineralization
|
|
Category
|
Mineralized
material
(Mt)
|
V2O5
grade
(%)
|
Fe
grade
(%)
|
TiO2
grade
(%)
|
Magnetite
(%)
|
V2O5 (tonnes)
|
Fe (Mt)
|
TiO2
(Mt)
|
V2O5 contained
(million lbs)
|
|
Measured
(M)
|
23.98
|
0.5
|
33.7
|
9.9
|
34.5
|
128,000
|
8.1
|
2.4
|
280
|
|
Indicated(I)
|
190.96
|
0.4
|
26.3
|
6.7
|
23.4
|
837,000
|
50.2
|
12.8
|
1,850
|
|
M+I
|
214.93
|
0.4
|
27.1
|
7.1
|
24.6
|
965,000
|
58.3
|
15.2
|
2,120
|
|
Inferred
|
86.91
|
0.4
|
28.0
|
7.6
|
25.9
|
387,000
|
24.4
|
6.6
|
850
|
|
Magnetite
Concentrate
|
|
Category
|
Magnetite
conc. (Mt)
|
V2O5
grade
in
conc. (%)
|
Fe
grade
in
conc. (%)
|
TiO2
grade
in
conc. (%)
|
V2O5 in conc.
(tonnes)
|
Fe in conc.
(Mt)
|
TiO2 in
conc.
(Mt)
|
V2O5 contained
in conc. (million lbs)
|
|
Measured(M)
|
8.27
|
1.2
|
62.0
|
9.4
|
100,000
|
5.1
|
0.8
|
220
|
|
Indicated(I)
|
44.70
|
1.3
|
62.0
|
8.5
|
578,000
|
27.7
|
3.8
|
1,270
|
|
M+I
|
52.82
|
1.3
|
62.0
|
8.7
|
678,000
|
32.8
|
4.6
|
1,490
|
|
Inferred
|
22.55
|
1.2
|
62.0
|
9.2
|
277,000
|
14.0
|
2.1
|
610
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes:
|
|
1.
|
Numbers have been
rounded and may not sum exactly.
|
|
2.
|
Mineral Resources are
estimated and reported in accordance with the Canadian Institute of
Mining, Metallurgy and Petroleum (CIM) Definition Standards for
Mineral Resources and Mineral Reserves adopted May 10,
2014.
|
|
3.
|
Geological and block
models used data from 41 drill holes drilled by the Company in 2013
and 2019, in addition to 44 drill holes and 33 surface channel
samples completed previously and verified through twinning or
resampling in 2019/2020.
|
|
4.
|
The drill database
was validated prior to estimation, and drill holes were flagged
with interpolation domains (P1, P2-LOW, P2-A, P2-PART, P2-B, P2-HW,
P3), composited to 1.5m intervals, and capped for anomalously high
and low-grade values. QAQC checks included insertion of blanks,
certified reference materials pulp duplicates and umpire assays
performed at a second laboratory.
|
|
5.
|
Head grades and
densities were interpolated onto 10mx10mx10m blocks using ordinary
kriging (OK), Owing to intercalations of high and low magnetite
within broadly mineralized intervals, a high-grade or low-grade
indicator was used, and separate interpolations carried out for
high-grade or low-grade samples, with the proportion of high-grade
mineralization within each block also interpolated using
OK.
|
|
6.
|
All the estimates
were validated visually using sections and 3D visualization, and
using swath plots, comparison of averages in drill hole and blocks,
and global change of support.
|
|
7.
|
Magnetite contents
and concentrate grades were calculated using regression formulae
deduced from Davis Tube results.
|
|
8.
|
Resource
classification was done using wireframes digitized using kriging
variance as a reference and correspond to Measured Resources having
drill holes spacing <40 m, Indicated Resources having drill hole
spacing between 40 m and 100 m, and Inferred Resources having a
drill hole spacing >100 m.
|
|
9.
|
Mineral Resources are
reported using a "Net Value" cut-off, calculated assuming an
open-pit mining operation and extraction of saleable vanadium
pentoxide flake from the magnetite concentrate via the salt-roast
process. The calculation assumes a V2O5 price
of USD 7/lb, 85% recovery of magnetite to the concentrate, 75%
recovery of vanadium in the roast/leach extraction process, and
costs of USD 3/t RoM (mining), USD 15/t conc (magnetite conc
production), USD 55/t conc (roast/leach), USD 2/t RoM (G&A) and
USD 1.5/t RoM (tailings disposal). A net-value equal to zero was
used for reporting.
|
|
10.
|
Mineral Resources are
constrained by a pit shell optimized with the software SimSched
using the above parameters and including a cost of USD 3/t for
waste rock extraction and assuming maximum pit slope angles of
45°.
|
|
11.
|
Dr. Adrian Martinez,
P.Geo (ON), OGQ Special Authorization, CSA Global Senior Resource
Geologist, is the independent Qualified Person with respect to the
MRE.
|
|
12.
|
Recoveries of
V2O5, Fe2O3 and
TiO2 to the magnetite concentrate are
variable.
|
|
13.
|
Mineral Resources are
constrained by claim boundaries.
|
|
14.
|
The Company is not
aware of any environmental, permitting, legal, title, taxation,
socio-economic, marketing or political factors that might
materially affect these Mineral Resource estimates.
|
|
15.
|
These Mineral
Resources are not Mineral Reserves as they do not have demonstrated
economic viability. The quantity and grade of reported Inferred
Resources in this Mineral Resource Estimate are uncertain in nature
and there has been insufficient exploration to define these
Inferred Resources as Indicated or Measured, however, it is
reasonably expected that the majority of Inferred Mineral Resources
could be upgraded to Indicated Mineral Resources with continued
exploration.
|
The Lac Doré project is a magmatic VTM deposit found in the
upper portions of the Lac Doré Complex, thought to have formed
through primary magmatic processes. It comprises multiple
layers of disseminated to massive VTM mineralization that are
laterally continuous and form a magmatic stratigraphy, and which
dip at approximately 60° to the SE. These layers can be traced
along strike over at least 3 km, and the deposit was previously
subdivided into several zones, namely P0, P1, P2 and P3 (from
stratigraphically lowermost to uppermost). The magmatic
stratigraphy of the deposit has more recently been divided into a
more detailed series of mineralized zones (P1, P2-LOW, P2-A,
P2-PART, P2-B, P2-HW, P3). Each of these zones has distinct
magnetite characteristics primarily related to the magnetite
content and the grade of vanadium and titanium contained in the
magnetite, and the MRE has characterized each of these zones
individually, with the results presented in Table 2.
Table 2: Mineral Resource Estimate for Lac Doré with an
effective date of 27 October 2020,
broken down by stratigraphic zone.
|
In-Situ
Mineralization - Measured
|
|
Zone
|
Mineralized
material
(Mt)
|
V2O5
grade
(%)
|
Fe
grade
(%)
|
TiO2
grade
(%)
|
Magnetite
(%)
|
V2O5 (tonnes)
|
Fe (Mt)
|
TiO2
(Mt)
|
V2O5 contained
(million lb)
|
|
P1
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
|
P2-LOW
|
0.6
|
0.5
|
27.3
|
6.6
|
24.6
|
3,000
|
0.2
|
0
|
7
|
|
P2-A
|
18.7
|
0.6
|
34.8
|
10.0
|
36.1
|
107,000
|
6.5
|
1.9
|
237
|
|
P2-PART
|
0.7
|
0.4
|
28.0
|
8.7
|
25.9
|
3,000
|
0.2
|
0.1
|
6
|
|
P2-B
|
3.8
|
0.4
|
30.7
|
10.1
|
29.8
|
15,000
|
1.2
|
0.4
|
32
|
|
P2-HW
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
|
P3
|
0.1
|
0.3
|
28.7
|
9.4
|
26.6
|
300
|
0.0
|
0.0
|
1
|
|
Magnetite
Concentrate - Measured
|
|
Zone
|
Magnetite
conc. (Mt)
|
V2O5
grade in
conc.
(%)
|
Fe
grade in
conc.
(%)
|
TiO2
grade in
conc.
(%)
|
V2O5 in conc.
(tonnes)
|
Fe in conc.
(Mt)
|
TiO2
in
conc. (Mt)
|
V2O5 contained in
conc. (million lb)
|
|
P1
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
|
P2-LOW
|
0.2
|
1.4
|
62.0
|
7.4
|
2,000
|
4.2
|
0.01
|
5
|
|
P2-A
|
6.8
|
1.2
|
62.0
|
9.0
|
85,000
|
0.1
|
0.61
|
186
|
|
P2-PART
|
0.2
|
1.1
|
62.0
|
10.9
|
2,000
|
0.7
|
0.02
|
4
|
|
P2-B
|
1.1
|
1.0
|
62.0
|
12.1
|
11,000
|
0.0
|
0.14
|
24
|
|
P2-HW
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
|
P3
|
0.02
|
0.9
|
62.0
|
12.7
|
200
|
0.01
|
0.003
|
0.4
|
|
In-Situ
Mineralization - Indicated
|
|
Zone
|
Mineralized
material
(Mt)
|
V2O5
grade
(%)
|
Fe
grade
(%)
|
TiO2
grade
(%)
|
Magnetite
(%)
|
V2O5 (tonnes)
|
Fe (Mt)
|
TiO2
(Mt)
|
V2O5 contained
(million lb)
|
|
P1
|
31.9
|
0.3
|
18.7
|
3.7
|
12.6
|
104,600
|
6.0
|
1.2
|
231
|
|
P2-LOW
|
68.3
|
0.4
|
23.3
|
5.1
|
18.9
|
286,100
|
15.9
|
3.5
|
631
|
|
P2-A
|
59.4
|
0.6
|
33.0
|
9.1
|
33.2
|
333,900
|
19.6
|
5.4
|
736
|
|
P2-PART
|
4.3
|
0.3
|
22.0
|
5.9
|
17.3
|
13,100
|
0.9
|
0.3
|
29
|
|
P2-B
|
16.6
|
0.4
|
29.7
|
9.5
|
28.3
|
62,800
|
4.9
|
1.6
|
138
|
|
P2-HW
|
4.6
|
0.3
|
25.7
|
7.6
|
22.2
|
15,300
|
1.2
|
0.4
|
34
|
|
P3
|
5.8
|
0.4
|
29.1
|
9.4
|
27.2
|
20,800
|
1.7
|
0.5
|
46
|
|
Magnetite
Concentrate - Indicated
|
|
Zone
|
Magnetite
conc. (Mt)
|
V2O5 grade
in conc. (%)
|
Fe grade in conc.
(%)
|
TiO2 grade
in conc. (%)
|
V2O5 in conc.
(tonnes)
|
Fe in conc.
(Mt)
|
TiO2 in
conc. (Mt)
|
V2O5 contained in conc.
(million lb)
|
|
P1
|
4.03
|
1.4
|
62.0
|
7.0
|
58,000
|
2.5
|
0.3
|
128
|
|
P2-LOW
|
12.89
|
1.4
|
62.0
|
7.1
|
184,300
|
8.0
|
0.9
|
406
|
|
P2-A
|
19.74
|
1.3
|
62.0
|
8.5
|
256,200
|
12.2
|
1.7
|
565
|
|
P2-PART
|
0.74
|
1.1
|
62.0
|
10.5
|
8,200
|
0.5
|
0.1
|
18
|
|
P2-B
|
4.68
|
1.0
|
62.0
|
11.7
|
46,100
|
2.9
|
0.6
|
102
|
|
P2-HW
|
1.03
|
1.0
|
62.0
|
11.5
|
10,400
|
0.6
|
0.1
|
23
|
|
P3
|
1.59
|
0.9
|
62.0
|
12.1
|
15,000
|
1.0
|
0.2
|
33
|
|
In-Situ
Mineralization - Inferred
|
|
Zone
|
Mineralized
material
(Mt)
|
V2O5
grade (%)
|
Fe
grade
(%)
|
TiO2
grade
(%)
|
Magnetite
(%)
|
V2O5 (tonnes)
|
Fe (Mt)
|
TiO2
(Mt)
|
V2O5 contained
(million lb)
|
|
P1
|
3.3
|
0.3
|
19.1
|
3.8
|
13.2
|
10,800
|
0.6
|
0.1
|
24
|
|
P2-LOW
|
24.1
|
0.4
|
22.2
|
4.8
|
17.4
|
94,900
|
5.3
|
1.2
|
209
|
|
P2-A
|
29.2
|
0.6
|
32.7
|
8.8
|
32.8
|
167,000
|
9.6
|
2.6
|
368
|
|
P2-PART
|
4.6
|
0.3
|
23.7
|
6.8
|
19.6
|
15,100
|
1.1
|
0.3
|
33
|
|
P2-B
|
12.1
|
0.4
|
31.4
|
10.0
|
30.8
|
50,700
|
3.8
|
1.2
|
112
|
|
P2-HW
|
5.9
|
0.3
|
28.2
|
8.5
|
26.1
|
20,500
|
1.7
|
0.5
|
45
|
|
P3
|
7.8
|
0.4
|
29.7
|
9.5
|
28.1
|
28,500
|
2.3
|
0.7
|
63
|
|
Magnetite
Concentrate - Inferred
|
|
Zone
|
Magnetite
conc. (Mt)
|
V2O5
grade in
conc.
(%)
|
Fe
grade in
conc.
(%)
|
TiO2
grade in
conc. (%)
|
V2O5 in conc.
(tonnes)
|
Fe in conc.
(Mt)
|
TiO2
in
conc. (Mt)
|
V2O5 contained in
conc. (million lb)
|
|
P1
|
0.43
|
1.4
|
62.0
|
7.4
|
6,100
|
0.3
|
0.0
|
13
|
|
P2-LOW
|
4.19
|
1.4
|
62.0
|
7.2
|
59,500
|
2.6
|
0.3
|
131
|
|
P2-A
|
9.60
|
1.3
|
62.0
|
8.1
|
127,700
|
5.9
|
0.8
|
281
|
|
P2-PART
|
0.90
|
1.1
|
62.0
|
10.6
|
9,800
|
0.6
|
0.1
|
22
|
|
P2-B
|
3.73
|
1.0
|
62.0
|
11.3
|
38,200
|
2.3
|
0.4
|
84
|
|
P2-HW
|
1.53
|
1.0
|
62.0
|
12.0
|
14,600
|
1.0
|
0.2
|
32
|
|
P3
|
2.18
|
1.0
|
62.0
|
12.0
|
20,800
|
1.4
|
0.3
|
46
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes: See identical
notes from table one.
|
The technical information contained in this news release has
been reviewed and approved by Dr. Luke
Longridge, P.Geo (BC, OGQ), CSA Global Senior Structural
Geologist, an independent Qualified Person with respect to
the Company's Lac Doré Project as defined under National Instrument
43-101. Dr. Adrian Martinez, P.Geo
(ON), OGQ Special Authorization, CSA Global Senior Resource
Geologist, is the independent Qualified Person with respect to the
MRE. CSA Global is finalizing a Technical Report in accordance with
NI 43-101 in support of the MRE as disclosed in this News Release.
It is expected that the report will be filed on SEDAR within 45
days.
Key technical terms within this news release:
In-Situ Mineralization refers to the in-situ quality
of the mineralization/material delivered to the concentrator.
Magnetite concentrate refers to the quantity and
quality of iron-rich magnetite that has been separated from the
in-situ material via magnetic separation following crushing and
grinding of the in-situ material. For the purposes of
evaluation/testing of magnetite deposits, this separation is done
using Davis Tube Recovery (DTR). DTR testing generates the weight
recovery/magnetic iron, or proportion of the deposit which is
magnetite, and the grade of magnetite concentrate at a given grind
size. This recovered magnetite concentrate is assayed for several
elements, including vanadium, iron, and titanium.
About CSA Global
CSA Global (an ERM Group Company) is an international mining
consulting company that provides technical and expert services,
training, and independent corporate advice to public and private
mining companies, financial and legal groups. CSA has provided
services to clients across all mineral commodities and regions
globally for over 35 years.
About VanadiumCorp
VanadiumCorp Resource Inc. plans to develop it's 100% owned
Lac Doré vanadium-titanium-iron flagship project adjacent to
Blackrock Metals Inc. property, which is currently permitted to
build a mine and mill to produce a vanadium-rich magnetite
concentrate product. VanadiumCorp provides investors with leverage
to vanadium, titanium and iron in the low political risk and
geopolitically stable jurisdiction of Quebec, Canada. Superior vanadium grades, size
and well-developed infrastructure with the nearby mining town of
Chibougamau is a valuable
strategic position to take advantage of the strong vanadium market
driven by supply shortages and growing demand from the Chinese
steel industry, as well as the fast-emerging use of vanadium in
energy storage. Nearby infrastructure includes a 161kV Hydro Power
at approximately $.02 kWh, CN Rail
Line, available water, local airport, and a mining community of
over 7,000 people in the city of Chibougamau. The Company is also developing
it's jointly owned "VanadiumCorp-Electrochem Processing Technology"
"VEPT", a novel chemical process invented by Dr. Francois Cardarelli, that addresses the recovery
of vanadium, iron, titanium, and silica from feedstocks such as
vanadiferous titano-magnetite, iron ores and other industrial
by-products containing vanadium.
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 Note - The information in this
news release includes certain "forward-looking statements" All
statements, other than statements of historical fact, included
herein including, without limitation, plans for and intentions with
respect to the company's properties, statements regarding
intentions with respect to obligations due for various projects,
strategic alternatives, quantity of resources or reserves, timing
of permitting, construction and production and other milestones,
are forward-looking statements. Statements concerning Mineral
Reserves and Mineral Resources are also forward-looking statements
in that they reflect an assessment, based on certain assumptions,
of the mineralization that would be encountered and mining results
if the project were developed and mined in the manner described.
Mineral resources that are not mineral reserves do not have
demonstrated economic viability. Forward-looking statements involve
various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from VRB's expectations include the
uncertainties involving the need for additional financing to
explore and develop properties and availability of financing in the
debt and capital markets; uncertainties involved in the
interpretation of drilling results and geological tests and the
estimation of reserves and resources; the need for cooperation of
government agencies and local groups in the exploration, and
development of properties; and the need to obtain permits and
governmental approval. VRB's forward-looking statements reflect the
beliefs, opinions and projections of management on the date the
statements are made. VRB assumes no obligation to update the
forward looking statements if management's beliefs, opinions,
projections, or other factors should they change.
SOURCE VanadiumCorp Resource Inc.