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Scandium Canada Completes Summer Drilling Campaign at its Crater Lake Project
(TheNewswire) MONTRÉAL, QUÉBEC – AUGUST 2, 2024 – TheNe...
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[{"type":"text","content":"Scandium Canada Completes Summer Drilling Campaign at its Crater Lake Project\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n MONTRÉAL, QUÉBEC – AUGUST 2, 2024\n–\n \n\n TheNewswire –\n \n\n Scandium Canada Ltd. (the\n“Company” or \"Scandium Canada\")\n \n\n (\n \n\n TSX VENTURE: SCD;\nOTCQB: SCDCF\n \n\n )\n \n\n is pleased\nto report that it has completed  2,854 m of diamond drilling on its\nCrater Lake project and that it is currently demobilizing the drilling\nequipment.\n \n\n\n\n The drilling campaign had two main objectives. The\nfirst one was to complete geomechanical drilling to determine the\noptimal angles of the slopes of the proposed open pit design for the\npre-feasibility study. It totaled 1,669 m in 6 holes.\n \n\n\n\n The second objective was to confirm the potential\nextension of the TG Zone for an additional 250m length. Currently the\nPreliminary Economic Assessment (“PEA”), originally filed in July\n2022, takes into consideration an initial mineralized zone of 350m in\nlength. The focus of the additional drilling completed this summer was\naround extending that zone (TG Zone North Lobe). The Company is\npleased to report that mineralization is present in all holes. In\ntotal, 1,185 m in 7 holes have been drilled on the southern\nextension. The table below details these holes. The geologist is\ncurrently completing logging and preparing samples to be sent to the\nlab for assaying during August. Assay results will be released as they\nare received.\n \n\n\n\n Guy Bourassa, CEO, mentioned “We are very excited\nwith the outcome of this drilling campaign. No doubt that the\nmineralized zone extends to the South. It could significantly increase\nthe size of the Crater Lake project.”\n \n\n\n\n Figure 1 – Crater Lake Drillhole Location Map\n \n\n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n\n Table 1 – 2024 Geological Drillhole Locations\n \n\n\n\n\n\n\n Drillholes\n \n\n\n\n\n\n Easting\n \n\n\n\n\n\n Northing\n \n\n\n\n\n\n Elevation\n \n\n\n\n\n\n Azimuth\n \n\n\n\n\n\n Dip\n \n\n\n\n\n\n Depth\n \n\n\n\n\n\n\n\n CL24063\n \n\n\n\n\n\n 440730\n \n\n\n\n\n\n 6133506\n \n\n\n\n\n\n 536\n \n\n\n\n\n\n 304\n \n\n\n\n\n\n 45\n \n\n\n\n\n\n 201\n \...