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Velox Energy Materials Inc V.VLX

Alternate Symbol(s):  CUIRF

Velox Energy Materials Inc. is a Canada-based energy materials company, which is engaged in developing and progressing high-value assets in resource and research- friendly jurisdictions. The Company is focused on energy materials solutions for the global transition to net zero. The Company is focused on the advanced North Queensland Vanadium (NQV) project in Queensland, Australia. Its NQV project covers 1,246 square kilometers (km2) in northwest Queensland, about 500 kilometers (km) southwest of Townsville. The NQV project is located in northwest Queensland, Australia, along the Flinders Highway between Julia Creek and Richmond. Its Kotai Hydrogen Project is focused on the commercialization of technology that can produce high-pressure hydrogen following transport as an inert powder. The Company’s Lake Pierre Project is located approximately 55 km east of the town of Havre St Pierre. The Company's subsidiaries include Currie Rose Vanadium Pty Ltd., and WA Hydrogen Pty Ltd.


TSXV:VLX - Post by User

Bullboard Posts
Post by buff_44on Jul 18, 2005 10:37am
161 Views
Post# 9290237

Drilling to begin...........

Drilling to begin...........Currie Rose Reports Second Drilling Program at Mabale Hills Tanzania Monday July 18, 10:11 am ET ST. CATHARINES, ONTARIO--(CCNMatthews - July 18, 2005) - Currie Rose Resources Inc. (TSX VENTURE:CUI - News) will commence drilling immediately at the Mwamazengo gold discovery on the Mabale Hills project in central Tanzania. The program is expected to consist of 1,400 metres of Reverse Circulation (RC) drilling and 1,200 metres of RAB (Rotary Air Blast) drilling. The RC drill holes will target the potential "down dip" mineralisation intersected during March 2005, where 4 RC drill holes intersected exceptional near surface gold mineralisation over a 225 metre strike length as tabled below. Extensions to the current strike will also be targeted. Table 1: Mwamazengo Prospect - Significant Drill Intersections ------------------------------------------------------------------------ Hole Id Easting Northing Dip Azimuth Depth From To Interval Au (UTM) (UTM) (deg.) (deg.) (m) (m) (m) (m) (g/t) MBNR-001 482,114 9,650,168 -50 90 93 4.0 36.0 32 3.70g/t including 15 22 7 6.32g/t including 24 35 11 4.61g/t MBNR-002 482,144 9,650,084 -50 90 100 11 18 8 3.46g/t 26 30 4 2.34g/t MBNR-003 482,121 9,649,998 -50 90 107 23 43 20 1.57g/t including 26 32 6 4.18g/t MBNR-004 482,092 9,650,240 -50 90 150 54 68 14 3.18g/t ------------------------------------------------------------------------ The RAB drilling program will investigate the Sisu River anomaly situated 10km north northeast of the Mwamazengo discovery where rock chip samples collected by Sub-Sahara returned gold grades up to 553g/t gold. This anomaly is also 6km along strike from Gallery Gold's 550,000 ozs Kitongo gold deposit. The Company and Australian joint venture partner Sub-Sahara Resources NL are optimistic that this program will yield further quality results, priming the project for further drilling later in the year. ON BEHALF OF THE BOARD OF DIRECTORS Harold Smith, President
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