LoadStar Copper Project Acquisition

About this update from Vanadiumcorp Resource Inc

[{"type":"text","content":"\n\n\n\nVANCOUVER, June 1 /CNW/ - Apella Resources Inc.(TSX.V: APA); (Frankfurt\nSymbol: NWN) and its Board of Directors are pleased to announce the\nacquisition of an assemblage of Ontario mineral claims which includes the\nLoadStar Copper Project which is situated in Montgomery Twp., approximately \n70 miles (112 km) east of Sault Ste. Marie, Ontario and 116 miles (185 km)\nwest of Sudbury, Ontario. The acquisition also includes three other\nnon-contiguous prospective properties in the same region; the CopperKing\nProject situated in Gladstone Township, the Copperton Project in Bridgland\nTownship, and the CopperMet Project in Wells Township. The transaction\nconsists of an option for certain claims and an outright purchase on others.\nThe claim package encompasses eighty-nine (89) claim units (3,519 acres /\n1,424 hectares).\n\n\nThe LoadStar Project was formerly known as the Mother Lode Prospect (by\nDestoria Mines Limited). The mineralology on the property is comprised of a\nvein system of quartz veins striking N75W, dipping vertical to 60 degrees to\nthe south, and occurring in the Gowganda series of rocks: coarse grained\nquartzite and slates are intruded by sills of diabase and large intrusions of\ncoarse gabbro. There is an extensive system of quartz veins generally striking\neast-west across Montgomery Township. Pre 43-101 copper grades along this main\nnorth vein zones are reported of up to 21.87% Cu, with most assays on the\nNorth Vein reported running from 1% to 5% Cu across 4 to 14 feet (4.27 m); and\ntraced for up to 18,000 feet (5,500 m) and open in both directions. The South\nVein runs parallel and up 500 feet (152 m) from the North Vein and can be\ntraced for over 2,500 feet (762 m) and up to 20 feet (6.1 m) in width.\n\n\nAn exploration program was carried out in 1952 by Destoria Mining\nLimited, comprised of 23 drill holes totaling approximately 6,212 feet \n(1893 m). The intersections of the Main Vein above the 150 feet (45.7 m)\nlevel, were recovered in seventeen holes at nearly regular intersections over\na strike length of 1,768 feet (539 m). Six holes were drilled down below the\n150 foot (45.7 m) level in the central section of the occurrence. Three of\nthese deeper drill holes intersected the Main Vein at about the 250 foot \n(76.2 m) horizon and three intersections lie at about the 475 foot (144.8 m)\...

More updates from Vanadiumcorp Resource Inc