Business
VanadiumCorp Intercepts 0.66% V(2)O(5) over 29.4 Metres at Lac Doré, Québec
VANCOUVER, March 16, 2020 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") ("VanadiumCorp" or the "Company"), is pleased to announce the drilling results for t
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":" VANCOUVER, March 16, 2020 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: \"VRB\") (\"VanadiumCorp\" or the \"Company\"), is pleased to announce the drilling results for the first three holes from the Company's summer-fall 2019 infill and extension drilling program at its Lac Doré Vanadium property. The Lac Doré Vanadium property is located 27 km east-southeast from the city of Chibougamau, in Eeyou Istchee James Bay Territory, Northern Québec. The Chibougamau area is host to several vanadiferous titanomagnetite (VTM) deposits, including the Southwest and Armitage deposits on the adjacent Blackrock property (BlackRock Metals Inc.) and the South and North Zone deposits on the Mont Sorcier project to the North (Vanadium One Iron Corp). The 2019 drill program targeted the Company's Lac Doré Vanadium prospect where historical drilling and surface channel sampling conducted between 1958 and 2013 have revealed the presence within property limits of massive, semi-massive and disseminated bands of VTM mineralization along a 2 km long by 200 m wide and minimum 200 m deep corridor. The Lac Doré Vanadium property lies on the southern flank of the Lac Doré anorthosite complex of Chibougamau and straddles the layered magmatic zone, which hosts the VTM mineralization. This layered magmatic zone has been traced by historical geophysics, drilling and mapping over a linear distance of 20 km. Highlights: Complete assay results received for three (3) holes out of the 35 holes drilled in 2019 (Figure 1). All three holes intersected significant VTM mineralization. Best intercepts include: Hole LD-19-002 drilled at -45o to a depth of 222 m intersected 29.4 m* grading 0.66% V2O5 (from 119.9 m to 152.3 m, core-length; Table 1; Figure 2), including 9.1 m* grading 0.73% V2O5 (from 122.8 to 132.8 m, core-length); Hole LD-19-022 drilled at -45o to a depth of 282 m intersected 26.8 m* grading 0.59% V2O5 (from 102.9 m to 132.5 m, core-length; Table 1; Figure 3), including 4.8 m* grading 0.73% V2O5 (from 118.4 m to 123.7 m core-length; Table 1; Figure 3); Hole LD-19-24 drilled at -60o to a depth of 240 m intersected 10.7 m* grading 0.72% V2O5 (from 172.3 to 186.3 core-length; Table 1; Figure 2) and 12 m* grading 0.72 % V2O5 (from 203.7 m to 219.4 m core-length; Table 1; Figure 2). Mineralization occurs as layers of massive, semi-massive and disseminated mag...