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First Vanadium Files Preliminary Economic Assessment for the Carlin Vanadium Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2020) - First Vanadium Corp. (TSXV: F...
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[{"type":"text","content":"First Vanadium Files Preliminary Economic Assessment for the Carlin Vanadium Project in NevadaVancouver, British Columbia--(Newsfile Corp. - June 25, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (\"First Vanadium\" or the \"Company\") announces the filing of a technical report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (\"NI 43-101\") regarding the Preliminary Economic Assessment (PEA) for the Company's Carlin Vanadium Project located 6 miles south from the town of Carlin, Nevada in the United States. The PEA demonstrates positive economics for a large-scale open pit mining operation, with 16 years of Vanadium production and 4 additional years of acid/power sales.The PEA is available under the Company's profile on SEDAR at www.sedar.com. First Vanadium's news release dated May 11, 2020, summarizes the assumptions and key results contained in the PEA. Qualified Persons and NI 43-101 Disclosure The preliminary economic assessment is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.The PEA was prepared by Wood Canada Limited and SRK Consulting (U.S.), Inc., in accordance with the Canadian securities regulatory requirements set out in National Instrument 43-101, Standards of Disclosure for Mineral Projects (\"NI 43-101\"). The PEA and this news release has been reviewed and approved by: Dr. Bart Stryhas, CPG (SRK), Alan Drake, Eng.L. (Wood), Paul Baluch, P.Eng. (Wood), Antonio Peralta Romero, P.Eng. (Wood), Susana Gonzales, P.Eng. (Wood), Steven Truby, P.Eng. (Wood) and Greg Gosson, P.Geo. (Wood). All are independent Qualified Persons (\"QP\") as defined under NI 43-101.About First Vanadium Corp.First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80. ON BEHALF OF FIRST VANADIUM CORP.per: \"Paul Cowley\"CEO & President(778) 655-4311 [email protected] www.firstvanadium.comNeither th...