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Apella Resources Inc. - IRON-T Vanadium-Titanium Project Delivers Very Encouraging Vanadium and Titanium Assay Results
VANCOUVER, Oct. 30 /CNW/ - Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN), is ...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, Oct. 30 /CNW/ - Apella Resources Inc. (TSX.V Symbol (APA);\nFrankfurt Symbol (NWN), is pleased to announce that the company has received\nassays from its recent channel sampling program carried out on the 100% owned\nIron-T Vanadium-Titanium project situated near the mining centre of Matagami\nin central Quebec. Apella's claims cover a significant portion of the renowned\nBell River Complex, where previous exploration work carried out by Noranda\nInc. during the 1990's delineated and confirmed the presence of Vanadium,\nTitanium and Iron mineralization over a distance of about 20 km. Vanadium and\nTitanium results in the tables below are expressed as a percentage. To convert\nVanadium assays to Vanadium Pentoxide (V2O5) equivalents as these are commonly\nutilized and quoted by the industry, we multiplied the assay results by the\nrequired factor of 1.785. The Vanadium values of the mineralized horizons, as\nshown in the tables below, are equivalent to those of current primary Vanadium\nproducers and potential new producers, globally. The samples were analyzed for\na total of 25 elements including the major elements phosphorus and sulfur. Low\nlevels of these particular two elements is important and the sampling results\nhave provided confirmation that the levels of these two elements are indeed\nvery low, meeting or exceeding industry maximum standard levels. The levels of\nVanadium and Titanium are very encouraging. Typical grades of currently\nexploited deposits are in the order of 0.50% V2O5 with a break-even point at\nthe current Vanadium prices, of 0.20% V2O5. The current market prices of\nVanadium Pentoxide at $13.50 USD/LB, and Titanium at $14.00 USD/LB have\nremained stable.\n\n\nResults of assays are as follows:\n\nConsulting Geologist's sampling:\n\nSample\nNumber Fe% P% S% TiO2% V% V2O5%\n\n224925 39.60 (less than)0.001 0.581 9.96 0.33 0.589\n224926 43.30 (less than)0.001 0.198 11.45 0.37 0.660\n\nApella's field sampling\n\nSample\nNumber Fe% P% S% TiO2% V% V2O5%\n\n825401 11.45 0.007 0.425 1.86 0.077 0.137\n825402 8.87 0.012 0.287 1.39 0.053 0.095\n825403 24.70 (less than)0.001 0.626 5.50 0.203 0.362\n825404 39.00 (less than)0.001 0.245 10.15 0.378 0.675\n825405 27.10 0.001 0.511 5.75 0.208 0.371\n825406 32.80 (less than)0.001 0.503 7.42 0.251 0.448\n825407 37.60 (less than)0.001 0.525 9.30 0.300 0...