Vanadian Energy Corp V.VEC.H

Alternate Symbol(s): URCFF

Metals & Mining Industrial Metals & Minerals

Vanadian Energy Corp. is a Canada-based exploration company focused on exploring for vanadium deposits in Manitoba. The Company has the right to earn up to 100% interest in the Huzyk Creek Vanadium Property (the Property) in north-central Manitoba. The Property is located approximately 75 kilometers southeast of the town of Snow Lake, Manitoba, and consists of a Mineral Exploration License covering approximately 216 square kilometers. This area has seen significant exploration for base metal mineralization as it lies within the projected extension of both the Flin Flon/Snow Lake belt and the Thompson Nickel Belt.

TSXV:VEC.H - Post by User

Vanadian Energy Corp

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Comment by metalslugon Jun 11, 2009 12:53am

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Post# 16060795

RE: RE: Deposit size

It seems indeed to be open on both ends. The area that they have been drilling and are going to drill this summer, is AFAIK west and north of the already existing resource estimate area.

Forsys was bought out for around $9/lb if I'm not mistaken.

As Eric Zaunscherb at Canaccord Adams recently reported about URC:

The grade and potential project scale indicated by untested radiometric anomalies, detailed mapping and sampling

suggest a strong analogue to the granite-hosted uranium deposits found in Namibia, but with the advantage of superior

infrastructure (i.e., much lower power costs and the availability of water).

Applying that $9/lb valuation, and if Uracan reaches 50-60 Mlbs with the ongoing programs, it will translate to a share price upside to C$ 3.75-4.50.

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