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American Vanadium Announces Exploration Plan for 2011
Feb. 17, 2011 (Filing Services Canada) -- American Vanadium Corp. (AVC - TSX Venture), is pleas...
About this update from Monitor Ventures Inc
[{"type":"text","content":"\nAmerican Vanadium Announces Exploration Plan for 2011\n\n\n Feb. 17, 2011 (Filing Services Canada) -- American Vanadium Corp. (AVC - TSX Venture), is pleased to announce its plan to expand the vanadium resource on its existing landholdings in Nevada through an aggressive 2011 exploration program.\"Now that the Gibellini is solidly tracking towards delivery of a feasibility study mid 2011 and production at the end of 2012, we are now focusing on adding a substantial resource on the five other vanadium occurrences on our 6,600 acres,\" said Bill Radvak, President and CEO of American Vanadium.Alan Branham, Director of American Vanadium and exploration geologist, stated, \"The first objective is to build on the Louie Hill deposit, which is adjacent to the current resource. Sixty recently acquired historic holes indicate economic grades are at the surface and may be expanded at depth and along strike. Louie Hill offers an attractive open pit target along the top of a hill.  Secondly, at the nearby Del Rio project, large surface vanadium anomalies were discovered this last fall with values over 1% vanadium pentoxide that have not yet been closed off. Additional surface sampling is planned this spring. Once a permit and drill contracts are secured in the spring, we plan to drill test the Del Rio to determine thickness, grade and metallurgy of the target. The Del Rio targets are larger at the surface than found on the current resource at Gibellini.\"\"We are fortunate that we can make significant exploration progress both quickly and relatively inexpensively as the targets are all near surface,\" Mr. Branham added. \"Given the work already conducted, and the knowledge we have gained, our goal is to significantly expand our NI43-101 resource base by the end of this year.\"American Vanadium has also recently acquired through staking 360 acres of unpatented claims, the Hot Creek vanadium prospect, in Nye County Nevada.  Values up to 0.5% vanadium pentoxide have been found along a one kilometer long zone of favorable oxidized shale exposed along a ridge.  The prospect appears to be located in a large thrust fault along trend of the Gibellini Vanadium Project. Additional testing is planned in the spring.About American Vanadium Corp.American Vanadium is currently developing the Gibellini Vanadium Project, a van...