This is great news VERTICAL FILES TECHNICAL REPORT ON MINERAL RESOURCES OF ITS WOLLASTONITE PROJECT
August 2, 2018, VANCOUVER, B.C. – VERTICAL EXPLORATION INC. (NEX: VERT.H) (“Vertical” or “the Company”) is pleased to announce that it has filed on SEDAR a Technical Report in compliance with National Instrument 43-101 (NI 43-101) on the Company’s St. Onge Wollastonite project’s mineral resources under option in Qubec. The technical report was prepared by GoldMinds Geoservices Inc. (‘GMG’). The results were publicly disclosed on the April 24th, 2018 press release.
Highlights:
- High-grade Wollastonite deposit at surface pit constrained resources:
- 7,155,000 tonnes Measured @ 36.20 % Wollastonite
- 6,926,000 tonnes Indicated @ 37.04 % Wollastonite
- 14,081,000 tonnes M&I @ 36.61 % Wollastonite at a cut-off grade of 30%
- 17,896,000 tonnes Inferred @ 40.25 % Wollastonite
Note that mineral resources are not mineral reserves and do not have demonstrated economic viability. However, the reported mineral resources are considered by the qualified persons to have reasonable prospects for economic extraction as per CIM 2014 definitions.
“The company will carefully review the technical report and its recommendations, as previously stated: We are in very good position to move forward now.” said Peter P. Swistak, President of Vertical Exploration Inc.