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Cleantech Vanadium Mining Corp V.CTV

Alternate Symbol(s):  FLYNF

Cleantech Vanadium Mining Corp., formerly Flying Nickel Mining Corp., is a Canada-based exploration-stage mining company focused on vanadium resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States. The Gibellini vanadium project is located near Eureka in Nevada's Battle Mountain region covering 21 kilometers (km), Gibellini holds 127 million pounds of measured and indicated V2O5, with 195 million pounds inferred. The project features an open-pit, heap-leach operation with a 0.2 strip ratio and over 60% recovery, targeting 99% pure V2O5 production. Water and sage credits are secured through a nearby 3,000-acre ranch.


TSXV:CTV - Post by User

Post by Bradwaiton Mar 25, 2022 8:58am
117 Views
Post# 34544566

85,000m Drilling Completed + 5000m Currently Underway

85,000m Drilling Completed + 5000m Currently UnderwayFLYN's Minago Nickel sulphide deposit is a very advanced play.

The Value • Nickel resource: 0.74% grade 721M lbs M&I, 319M lbs Inferred* • Investments in Minago: $53 million in today’s money

*By Mercator and AGP, report dated July 2, 2021 available on sedar, refer news release dated July 6, 2021 Descriptions Today’s Cost Estimate

85,000 meters diamond drilling $34,000,000
Tech reports, metallurgical studies $2,000,000
Geological surveys $1,000,000
Environmental baseline studies $1,000,000
Environmental Act License $1,000,000
G&A for 7 years $14,000,000
Total : $53,000,000 (Already Spent on this Project)
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