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Currie Rose Commences Core Drilling at the North Queensland Vanadium Project in Australia
Toronto, Ontario--(Newsfile Corp. - August 22, 2023) - Currie Rose Resources Inc. (TSXV: CUI) (...
About this update from Velox Energy Materials Inc
[{"type":"text","content":"Currie Rose Commences Core Drilling at the North Queensland Vanadium Project in AustraliaToronto, Ontario--(Newsfile Corp. - August 22, 2023) - Currie Rose Resources Inc. (TSXV: CUI) (\"Currie Rose\" or the \"Company\") is pleased to announce that the Company has commenced core drilling at its 100%-owned North Queensland Vanadium Project (\"NQVP\") located about 500 km west of Townsville, Australia, in the Julia Creek-Richmond critical mineral zone.The program is designed to provide large diameter core (100mm) from within the defined Cambridge vanadium deposit that hosts the NI 43-101 compliant Indicated Resource of 61.33 Mt @ 0.34% V2O5 and Inferred Resource of 144.87 Mt @ 0.33% V2O5.A ten (10) drill hole, multi-use program is planned to provide sufficient sample for:Ore zone metallurgical testworkOverburden and footwall studiesAdditional multielement dataBasic geotechnical data for mining studiesComprehensive stratigraphic data from compressive detailed geological logging and downhole geophysical gamma and density loggingDetailed mineralogy studiesIn addition, one or two holes will be selected and conditioned for water monitoring purposes.The Cambridge deposit sits within the Toolebuc Formation, a flat lying sequence that consists of black carbonaceous and bituminous shale, minor siltstone with limestone lenses and coquinites with previous drilling indicating that V2O5 mineralisation sits from surface to 30m vertical depth. Drilling will target the full depth of mineralisation and is \"infill\" drilling, bringing drill spacing to 500m centres for most of the previously defined deposit.The completion of this work and the various studies will culminate in an updated Mineral Resource Estimate (MRE).President and CEO Simon Coyle said: \"We are excited to get this program underway and look forward to bringing shareholders updates on the various studies as they come to hand. We expect this work to add significant detail to our knowledge base and provide the springboard to accelerate our project to the next level.\" \"Vanadium has been getting a lot of attention lately, specifically in Queensland where the government recently invested into a multi-billion infrastructure project which would trial vanadium battery technology as well as support local industry players. We know this is just the beginning of the journey where vanadium is w...