Business
Rocky Acquires Del Rio Vanadium Property, Nevada
Rocky Acquires Del Rio Vanadium Property, Nevada
About this update from Monitor Ventures Inc
[{"type":"text","content":"\nRocky Acquires Del Rio Vanadium Property, Nevada\n\n\n Sep. 29, 2010 (Filing Services Canada) -- Rocky Mountain Resources Corp. (RKY - TSX Venture), is pleased to announce the acquisition of the Del Rio Property, a new vanadium project located approximately eight miles south of the Gibellini Project, in northern Nye County, Nevada. The Company discovered the extensive, vanadium-bearing shale exposure and now holds 100% ownership in the property with no royalty burden by staking 120 unpatented lode claims (2,400 acres) on BLM administered lands.\"The Del Rio discovery is very exciting for the Company as it represents an entirely new vanadium target with the potential to be as large, and possibly even larger, than the Gibellini Hill resource,\" stated Bill Radvak, President & CEO of Rocky Mountain. \"Overall, the channel sampling results on the Del Rio Property were similar to, and in some cases better than, the channel sampling results from the oxidized zone on our Gibellini Hill resource which is enriched at depth,\" added Bill Radvak.  \"With the Gibellini Project moving toward delivery of a feasibility study in the second quarter of 2011, the addition n of the Del Rio Property presents Rocky Mountain with the opportunity to become a world class vanadium producer.\"The work program to the end of 2010 at the Del Rio Property is to complete geologic mapping and conduct geologic sampling on the four square mile claim block to delineate all surface exposures of vanadium and geologic controls in preparation for trenching and drilling for enriched zones at depth.The vanadium bearing shale exposed at surface on the Del Rio Property is mineralized over 1800 feet (550m) of strike and 1200 feet (360 m) of width. Five trenches were sampled in this target area. All zones were oxidized suggesting this target has potential for an enriched transition zone at depth. Results of channel samples with greater than 0.1% V2O5 are averaged in Table 1 below. Zones with the \"open\" comment are still open for expansion beyond the trenches.          Table 1 - Del Rio Project: Trench channel sampling results---------------------------------------------Trench VO % Interval (ft) (m)  Comments---------------------------------------------DRTr-2   0.223      ...