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Vanadiumcorp Resource Inc V.VRB

Alternate Symbol(s):  VRBFF

VanadiumCorp Resource Inc. is a Canada-based critical metals company. The Company is engaged in the acquisition and exploration of mineral properties in Canada, with a primary focus on the exploration of the Lac Dore and Iron-T Properties in Quebec. The Company produces a stream of quality vanadium electrolytes for Vanadium Redox Flow Batteries (VRFB). The Iron-T Property is located in the Nord-du-Quebec administrative region in the Province of Quebec, approximately 15 kilometers (km) east of Matagami and 780 km northwest of Montreal. The Lac Dore Property is located approximately 27 km east-southeast from the City of Chibougamau, in Eeyou Istchee James Bay Territory, Nord-du-Quebec administrative region, Province of Quebec, Canada. The Lac Dore Project comprises two claim blocks, referred to as Lac Dore Main and Lac Dore North. The Lac Dore Main claims cover an area of 648.82 hectares (Ha), and the Lac Dore North claims cover an area of 4,637.87 Ha.


TSXV:VRB - Post by User

Bullboard Posts
Comment by explmanon May 21, 2019 6:48pm
69 Views
Post# 29761427

RE:RE:RE:RE:buy ?

RE:RE:RE:RE:buy ?Excerp from their press release dated 1 Nov 2018. To paraphrase, the regulators refused to accept our resource statement, which means there can be no PEA. To do a PEA you have to have a resource statement. To do a resource statement they have to complete the drilling recommended by the QP. VANCOUVER, November 1, 2018 VanadiumCorp Resource Inc. (TSX-V:VRB) (the Company) announces that it has obtained a technical report entitled Geological Report for the Lac Dore Vanadium Deposits, Quebec, Canada dated October 11, 2018, prepared by B. Terrence Hennessey, P.Geo., of Micon International Ltd. The purpose of the new technical report is to provide the company with a current technical report and to address the continuing default with the BC Securities Commission (BCSC). As a result of a technical disclosure review by the BCSC, the Company announced by news releases dated January 30, 2018, and April 3, 2018, that previously disclosed economic analysis and mineral resources in respect of the Lac Dore property should not be relied on. The Company hereby confirms that as a result of issues identified with the data verification process, including limited access to historical drill core and accuracy of drill collar locations, it is retracting prior mineral resource estimates and economic analyses. The new technical report recommends that the Company conduct additional data verification work before such data can be used to prepare a mineral resource estimate.
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