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Dempster Vanadium - Exploration Results
Dempster Vanadium - Exploration Results.
About this update from Corcel Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6263L\n Corcel PLC\n 14 January 2021\n \n \n \n \n Corcel PLC\n \n \n (\"Corcel\" or the \"Company\")\n \n \n \n \n \n Dempster Vanadium - Exploration Results\n \n \n \n \n \n \n \n \n 14 January 2021\n \n \n \n \n \n Corcel Plc, the natural resource exploration and development company with interests in battery metals and flexible grid solutions, is\n delighted to announce the results from the 2020 exploration program at the Dempster Vanadium project. \n \n \n \n \n \n Highlights:\n \n \n o \n 14 rock and 179 soil samples collected during work programme \n \n \n o \n Rock samples yielded anomalous vanadium values ranging from 0.12% to 0.35% vanadium pentoxide (\"% \n V2O5\n \")\n \n \n o \n 13 of the 14 rock samples returned anomalous zinc and silver values \n \n \n o \n Soil samples returned vanadium values up to 0.82% \n V2O5\n with 18 samples equal or greater to 0.40% \n V2O5\n \n \n o \n Additional McGill University research results expected shortly\n \n \n o \n Planning for the 2021 Exploration Program underway - expected to include drilling at the project\n \n \n \n \n \n \n Scott Kaintz, Chief Executive commented: \"\n \n \n We are quite pleased with these exploration results from Canada. The rock and soil results are exceptionally good, indicating the presence and grade of the Canol Formation and enabling good formation tracking. We expect to have multiple accessible targets for near term drilling.\"\n \n \n \n \n \n \n Background on the Project: \n \n \n \n \n \n Corcel holds a 50% interest in the project, which is located in Northern Yukon in North-western Canada. The project spans an area of 40.96 square kilometres and is accessible via the Dempster Highway which connects the Arctic Ocean with Southern Canada. The work was completed in late August 2020 despite extremely poor weather conditions and COVID-19 restrictions. The work was completed by Breakaway Exploration Management Inc. (\"Breakaway\") on behalf of DVY196 Holdings Ltd. (\"DVY196\"): a corporation registered in Yukon specifically for exploration of the Property. \n \n \n \n \n \n Rock and Soil Sampling Results\n \n \n \n \n \n The work program consisted of rock sampling at the Héo...