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Currie Rose Defines New Drill-Ready Exploration Target at the North Queensland Vanadium Project, Australia
Targets 142.17 to 213.26 Mt of Vanadium Oxide Grading 0.22 to 0.33% V2O5 at Flinders River Toron...
About this update from Velox Energy Materials Inc
[{"type":"text","content":"Currie Rose Defines New Drill-Ready Exploration Target at the North Queensland Vanadium Project, AustraliaTargets 142.17 to 213.26 Mt of Vanadium Oxide Grading 0.22 to 0.33% V2O5 at Flinders RiverToronto, Ontario--(Newsfile Corp. - March 13, 2023) - Currie Rose Resources Inc. (TSXV: CUI) (\"Currie Rose\" or the \"Company\") is pleased to report the review and definition of a drill-defined Exploration Target for the Flinders River area of the North Queensland Vanadium Project (\"NQVP\") situated within the \"Vanadium Hub\", approximately 450 km west of the port of Townsville, Queensland, Australia.The Flinders River Exploration Target currently measures approximately 5.7 km in length and 3.9 km in width, with an average thickness of 5.2 m and an average depth of 10 m. The Exploration Target remains open to the northwest, east and southeast. The Exploration Target was calculated using validated historical data and hosts a target of 142,170,000 tonnes up to 213,260,000 tonnes, with an average grade ranging from 0.22 to 0.33 per cent (%) vanadium pentoxide (V2O5) and 192 to 288 ppm molybdenum trioxide (MoO3) utilizing a 0.12% V2O5 cut-off (Table 1). The potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource at Flinders River and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Mike Griffiths, CEO, President and Director, said: \"We've already proven there are significant mineral resources in the Cambridge Deposit, and the new Flinders River Exploration Target is an important step forward for the NQVP and Currie Rose. Historical exploration at Flinders River, including radiometric data, historical mapping and darker soils identified from radiometric imagery, indicate the potential for additional mineralization within the Toolebuc Formation to the southeast of the historical drilling. In addition to the infill diamond drill hole program planned for the Cambridge Deposit, Currie Rose is planning an infill aircore drill program at Flinders River to verify the historical drilling and to potentially upgrade the Exploration Target to a Mineral Resource Estimate.\"Vanadium redox flow batteries will soon begin to play an integral role in supporting power grids and bridging the gap of reliable alternative sources of ene...