43-101 update
Vanadiumcorp working on Lac Dore 43-101 report
2014-03-28 19:03 ET - News Release
Mr. Tim Halyk reports
LAC DORE NI 43-101 TECHNICAL REPORT UPDATE
Vanadiumcorp Resource Inc.'s NI 43-101 technical report final preparations and TSX Venture Exchange approval are now pending. IOS Services Geoscientifiques Inc. (IOS), a thoroughly independent consulting firm, has been involved with the Lac Dore project intermittently since 1997, as the contracted developer and project manager. The current NI 43-101 mandate has involved in-depth due diligence and verification of a substantial amount of data from various sources, spanning more that 40 years of exploration activity and metallurgical testing. The completion of this important milestone for the company represents the next phase of validation for targeted project financing for advancement of the Lac Dore vanadium project in Quebec.
IOS has also been mandated for completion of an updated resource estimate, as well as recommendation in order to reactivate the former feasibility study conducted on the project by SNC-Lavalin in 2002.
IOS is the largest consulting firm in geology in the province of Quebec, Canada, having been involved with more than 1,200 projects. Rejean Girard, PGeo, president and general director of IOS, is project manager for Vanadiumcorp's 100-per-cent-owned Lac Dore project and qualified person responsible for the disclosure of scientific or technical information related to the company's projects in Quebec, Canada. Mr. Girard is a qualified person in accordance with the requirements of Nl 43-101, with near to 30 years experience as geologist. He possesses an intimate knowledge on most of the technical aspects of the Lac Dore project related to geology, metallurgy, environment and industrial applications. He has been involved as independent qualified person on this project since its beginning with McKenzie Bay, supervising the fieldwork, being client adviser in the course of the preparation of the feasibility study, has been a technical consultant for Blackrock Metals for a short period, and now involved as technical consultant for Vanadiumcorp. The extensive knowledge and data now available are applicable directly to the significant mineralization present on Vanadiumcorp's Lac Dore mining claims. Mr. Girard considers the Lac Dore project as an advance-stage project which can be quickly brought to development.
Next week, Vanadiumcorp will be showcasing the Lac Dore project at the Industrial Minerals International Congress and Exhibition, Vancouver, B.C. Attendance is limited so please RSVP. This limited engagement has been organized in conjunction with Zimtu Capital Corp.
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