Drills tap wide vanadium zone at Lac Doré
First modern resource estimate coming for Quebec project Metal Tech News Weekly Edition – July 8, 2020
Last updated 7/15/2020 at 4:32am
VanadiumCorp Resource Inc. July 7 released assay results from the final six holes drilled last year at Lac Doré, a vanadium-iron-titanium property about 17 miles (27 kilometers) southeast of Chibougamau, Quebec.
Lac Doré lies in a particularly vanadium-rich area, including the Southwest and Armitage deposits on BlackRock Mining Inc.'s adjacent Blackrock property; and the South and North Zone deposits on Vanadium One Iron Corp.'s Mont Sorcier project to the north.
The main target of VanadiumCorp's 2019 program is a band of iron-titanium-vanadium mineralization that has been traced for at least 2,000 meters across the Lac Doré property.
This band of vanadiferous titanomagnetite mineralization (VTM) was discovered in 1958 but has only seen intermittent exploration over the years.
Looking to establish a resource that meets today's reporting standards, VanadiumCorp drilled 37 holes at Lac Doré last year.
This drilling has outlined wide widths of VTM mineralization with more than 50% iron oxide (Fe2O3) and 0.55% vanadium pentoxide (V2O5).
Highlights from previously reported results from the 2019 drilling include:
• 75.1 meters averaging 56.6% iron, 11.7% titanium, and 0.66% vanadium in hole LD-19-009.
• 32.7 meters averaging 51.8% iron, 11.2% titanium, and 0.73% vanadium in hole LD-19-013.
• 41.7 meters averaging 54.7% iron, 11.3% titanium, and 0.68% vanadium in hole LD-19-015.
• 48.7 meters averaging 56.4% iron, 11.5% titanium, and 0.69% vanadium in hole LD-19-025.
• 83.6 meters averaging 53.6% iron, 11.4% titanium, and 0.61% vanadium in hole LD-19-026.
• 68.9 meters averaging 56.6% iron, 11.7% titanium, and 0.67% vanadium in hole LD-19-029.
Highlights from the final six holes assayed include:
• 63.3 meters averaging 56% iron, 11.4% titanium, and 0.68% vanadium in hole 19-006.
• 86.9 meters averaging 53.6% iron, 11.8% titanium, and 0.56% vanadium in hole LD-19-010.
• 77.4 meters averaging 56.5% iron, 12% titanium, and 0.65% vanadium in hole LD-19-027.
• 46.4 meters averaging 53.9% iron, 10.8% titanium, and 0.67% vanadium in hole LD-19-037.
"Another four of the six drill holes whose assay results are being released today have intersections in excess of 60 meters true widths, with grades over these intervals averaging greater than 0.55% V2O5 and greater than 50% Fe2O3," said VanadiumCorp Resource President and CEO Adriaan Bakker.
With consistent grades that are comparable to other mines where vanadium is the primary product, this drilling indicates the potential of outlining a mineable deposit at Lac Doré. This project also happens to be within about 12 miles (19 kilometers) away from rail and industrial power.
Establishing an initial resource at Lac Doré and further advancing this vanadium project in Quebec is part of VanadiumCorp's larger strategy to establish a complete vanadium-based energy storage supply chain in North America. This includes pioneering a sustainable and efficient technique for recovering the vanadium, iron, and titanium from vanadiferous titanomagnetite; and developing its own brand of vanadium redox flow batteries, which are particularly well suited for backup and renewable energy storage.
More information on the progress of VanadiumCorp's developments along the vanadium supply chain can be read at The vanadium mines to batteries strategy in the June 17 edition of Metal Tech News.