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2020 Exploration programme - Dempster Vanadium
2020 Exploration programme - Dempster Vanadium.
About this update from Corcel Plc
[{"type":"text","content":"\n \n \n RNS Number : 7275S\n Regency Mines PLC\n 13 July 2020\n \n \n \n \n Regency Mines PLC\n \n \n (\"Regency\" or the \"Company\")\n \n \n \n \n \n 2020 Exploration Programme\n \n \n Dempster Vanadium Project\n \n \n \n \n \n \n 13 July \n \n \n 2020\n \n \n \n Regency Mines Plc (LON: RGM), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces the sanction of the 2020 exploration season at the Company's Dempster Vanadium project in Canada, in which Regency owns a 50% interest. \n \n \n \n \n \n Highlights:\n \n \n o \n Programme to include soil and geochemistry program, including 300 samples planned for an unexplored section of the project \n \n \n o \n Suite of existing core pulps to be reprocessed for indications of major oxides and carbon (both highly correlated with elevated vanadium results)\n \n \n o \n Collaboration with PhD Candidate from McGill University planned - will gather information on metal enrichment - improving overarching black shale geological model \n \n \n o \n Programme expected to commence in August 2020\n \n \n o \n Company anticipates project to be positioned for a drilling campaign in 2021\n \n \n \n \n \n Scott Kaintz, CEO, commented\n : \"We are delighted, together with our JV partners, to have approved the mobilisation of a team of geologists to conduct soil sampling and mapping activities this summer at our Dempster Vanadium project in the Yukon. This effort is in line with our battery metal exploration activities, where relatively small amounts of expenditure can often have disproportionate benefits for the Company.\n \n \n \n \n \n A portion of these activities will be performed in collaboration with a Ph.D. candidate at the Department of Earth and Planetary Sciences of McGill University in Montreal, Canada, with the project benefiting from this in-kind research.\" \n \n \n \n \n \n 2020 Exploration Program Rationale and Details \n \n \n \n \n \n The work on the Dempster Vanadium project conducted to date as outlined in a report by \n Breakaway Exploration Management Inc. \n has confirmed that the shales underlying the property contain significant vanadium over broad stratigraphic intervals. The best results...