Vanadiumcorp Resource Inc V.VRB

Alternate Symbol(s): VRBFF

Metals & Mining Industrial Metals & Minerals

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

Vanadiumcorp Resource Inc > Closing over 9 centsUS

<< Previous

Bullboard Posts

Next >>

Comment by MarkAbleon Dec 29, 2020 2:30pm

276 Views

Post# 32192775

RE:RE:RE:Closing over 9 centsUS

Sorry I meant the N1 43-101 technical report (MRE) found on the company website posted Dec 14 which is sufficient to progress with the PEA. Here are some highlights.

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 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.