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VanadiumCorp Reports Initial Davis Tube Testing Results Including 11.99 M Containing 29.9% Magnetics with 1.69% V2O5, and New Drilling Results Including 0.67% V2O5 Over 27.1 M at Lac Doré, Québec

VanadiumCorp Resource Inc. (CNW Group/VanadiumCorp Resource Inc.)

VANCOUVER , March 26, 2020 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") ("VanadiumCorp" or the "Company"), is pleased to announce  drilling results for an additional four drill holes from the Company's summer-fall 2019 infill and extension drilling program at its Lac Doré Vanadium property. Holes reported are LD-19-001, LD-19-019, LD-19-023 and LD-19-033, bringing the total number of holes with complete results received to seven (7), out of 35 holes drilled in 2019. 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 :

  • Davis Tube magnetic separation testwork on VTM mineralized core from drill hole LD-19-022 (Table 1) included the following results:
  • Davis Tube testwork results also show several VTM mineralized core intervals with anomalous V2O5 contents of magnetite in drillhole LD-19-024 (Table 1), including:
  • Davis Tube magnetic separation testwork results are consistent with historical Davis Tube testwork results and confirm the presence of magnetite-bearing layers with the potential for high-V2O5 magnetite concentrates, particularly the lower (P1 or P0) units.
  • Complete assay results received for an additional four (4) drill holes (Figure 1).
  • All four holes intersected significant VTM mineralization.
  • Best intercepts include:
  • Mineralization occurs as layers of massive, semi-massive and disseminated magnetite. Davis Tube results from drillholes LD-19-022 and LD-19-024 (Table 2) show magnetite contents ranging from ~12% to ~53%.


* True thickness. True thicknesses have been estimated by assuming a dip of the layering of 70° to the SE, and the plunge of the drill hole towards the NW (-45° for LD-19-001, LD-19-022, LD-19-023 and LD-19-033, -60° for LD-19-024 or -55° for LD-19-019).

Adriaan Bakker , President and CEO of VanadiumCorp, states: "We are very encouraged by the initial Davis Tube test results that indicate that V2O5 grades of up to 1.7% can be obtained in the magnetite concentrate.  These early positive metallurgical test results, combined with our latest drilling results continue to support our objective of advancing our Lac Doré Vanadium project to the mineral resources estimation stage and beyond."

Davis Tube testwork results

Results from the first batch of samples submitted for Davis Tube Testwork is shown in Table 2 below.

Table 1: Summary of Davis Tube results for drillholes LD-19-022 and LD-19-024, with percentages of magnetics and magnetite concentrates grades for Fe2O3, V2O5, TiO2, SiO2 and Al2O3, intersected core lengths, estimated true thicknesses, and magnetite-bearing stratigraphic zones.

Sample

BHID

FROM
(m)

O
(m)

CORE
LENGTH (m)

ESTIMATED
TRUE
THICKNESS
(M)

Zone

Mag
(%)

Fe2O3
mags (%)

V2O5
mags (%)

TiO2
mags (%)

SiO2
mags (%)

Al2O3
mags (%)

DT1-1

LD-19-022

42.9

52.5

9.7

8.75

P3

30.5

90.70

1.03

9.08

0.98

0.75

DT1-2

52.5

58.5

6.0

5.44

P3

51.4

90.00

1.11

11.00

0.78

0.74

DT1-3

102.9

115.0

12.1

10.97

P2

46.0

87.70

1.24

11.50

1.02

0.80

DT1-4

118.4

123.7

5.4

4.85

P2

35.7

89.50

1.44

8.32

1.42

1.27

DT1-5

219.5

225.0

5.5

4.98

P1

24.7

93.20

1.61

4.84

1.04

1.06

DT1-6

252.5

255.3

2.9

2.58

P1/P0

11.8

94.00

1.44

3.34

1.38

0.93

DT1-7

LD-19-024

27.9

35.0

7.1

5.44

P3

39.1

88.10

1.06

10.40

1.16

0.95

DT1-8

104.0

109.0

5.1

3.87

P2

53.4

89.50

1.18

10.30

0.55

0.78

DT1-9

127.0

135.7

8.7

6.66

P2

33.4

94.30

1.46

6.15

0.74

0.70

DT1-10

175.0

186.3

11.3

8.62

P2

47.2

94.80

1.51

5.90

0.56

0.63

DT1-11

203.7

219.4

15.7

11.99

P2/P1

29.9

97.30

1.69

2.23

0.69

1.03

DT1-12

226.5

231.9

5.4

4.10

P1

24.3

96.50

1.70

2.86

0.93

0.82

 

Davis Tube tests were carried out at SGS Canada Inc.'s facilities in Val d'Or, Quebec . Samples were composited over the intervals in Table 1 using pulp rejects from samples previously prepared for assay. The samples had already been pulverized to 85% passing 75 μm. Composites were prepared using relative proportions based on weights of the core samples submitted (i.e. these are weighted-average composites). The composite was further pulverized to 80% passing 38 μm, and a 20g subsample of the composite was taken for the Davis Tube testing. Samples were added to the Davis tube and the tube was allowed to agitate for a period of four (4) minutes, after which the magnets were interrupted, and the magnetic concentrate was collected. The tailings were collected in a pail.  Both the magnetic concentrate and non-magnetic tailings were filtered, dried, and weighed. The two products were analyzed for Major elements SiO2, Al2O3, Fe2O3, MgO, CaO, Na2O, K2O, TiO2, P2O5, MnO, Cr2O3, V2O5, and LOI  by  Whole Rock Analysis (WRA), as per the procedure outlined below. QAQC protocol was for two samples to be subject to repeat tests.

Table 2: Summary of the significant intersections, with weighted average grades for V2O5, Fe2O3 and TiO2, intersected core lengths, and estimated true thicknesses.

HOLE-ID

FROM
(m)

TO
(m)

CORE
LENGTH
(m)

ESTIMATED
TRUE
THICKNESS
(m)

V2O5 (%)

Fe2O3 (%)

TiO2

Zone

LD-19-001

54.50

58.70

4.2

3.8

0.47

45.24

12.68

P3

LD-19-001

94.30

103.70

9.4

8.6

0.56

54.71

12.44

P2

LD-19-001

108.90

122.10

13.2

12.1

0.65

61.99

14.20

P2

LD-19-001

126.50

139.40

12.9

11.9

0.66

58.01

12.84

P2

LD-19-001

161.30

164.90

3.6

3.3

0.66

56.23

11.93

P2

LD-19-001

INCLUDING

185.10

214.50

29.4

27.1

0.67

53.09

10.65

P2

205.50

211.50

6.0

5.5

0.81

61.63

11.65

LD-19-001

218.00

225.50

7.5

6.9

0.78

59.34

10.86

P2

LD-19-001

231.30

233.80

2.5

2.3

0.71

53.05

9.26

P2

LD-19-001

INCLUDING

240.00

244.70

4.7

4.1

0.69

50.07

8.78

P1

240.00

243.00

3.0

2.6

0.76

54.30

9.67

LD-19-001

INCLUDING

251.60

257.40

5.8

5.0

0.64

47.49

7.88

P1

254.50

257.40

2.9

2.5

0.80

58.66

9.74

LD-19-001

INCLUDING

269.00

278.50

9.5

8.2

0.55

40.12

6.55

P1

272.80

275.60

2.8

2.4

0.73

51.98

8.83

LD-19-001

289.00

292.70

3.7

3.2

0.78

55.20

8.81

P1

LD-19-001

INCLUDING

307.00

318.10

11.1

9.6

0.54

38.17

5.77

P1

316.00

318.10

2.1

1.8

0.66

46.40

7.01

LD-19-019

38.25

43.20

5.0

4.0

0.68

60.64

14.22

P2

LD-19-019

47.80

63.85

16.1

13.2

0.68

57.88

12.66

P2

LD-19-019

INCLUDING

AND

AND

67.25

96.90

29.7

24.5

0.64

48.13

8.85

P2

74.30

80.50

6.2

5.1

0.78

57.44

11.10

81.80

96.90

15.1

12.5

0.59

43.80

7.44

90.20

96.90

6.7

5.6

0.64

46.05

7.83

LD-19-019

106.75

113.70

7.0

5.8

0.49

37.40

5.55

P2

LD-19-019

119.85

122.80

3.0

2.5

0.90

60.30

9.73

P2

LD-19-019

INCLUDING

134.25

145.35

11.1

8.3

0.50

34.71

5.25

P1

135.50

140.50

5.0

3.7

0.60

41.16

6.28

LD-19-023

18.70

30.30

11.6

9.3

0.59

59.12

14.72

P3

LD-19-023

52.70

56.40

3.7

3.3

0.59

58.18

13.23

P2

LD-19-023

INCLUDING

69.00

80.80

11.8

10.6

0.69

60.26

13.90

P2

70.50

78.00

7.5

6.7

0.74

63.94

14.56

LD-19-023

INCLUDING

97.90

112.20

14.3

12.9

0.67

58.54

13.11

P2

105.50

108.50

3.0

2.7

0.74

63.30

14.20

LD-19-023

130.70

135.80

5.1

4.6

0.71

59.63

12.61

P2

LD-19-023

INCLUDING

149.50

160.80

11.3

10.2

0.65

52.82

10.81

P2

155.00

160.80

5.8

5.2

0.71

56.79

11.39

LD-19-023

INCLUDING

AND

AND

168.50

193.00

24.5

22.2

0.65

51.23

9.51

P2

168.50

175.60

7.1

6.4

0.77

59.96

11.71

177.50

184.30

6.8

6.2

0.72

56.29

10.46

188.00

193.00

5.0

4.5

0.80

59.56

10.96

LD-19-023

199.50

204.50

5.0

4.5

0.83

60.43

10.90

P2

LD-19-023

INCLUDING

AND

AND

213.00

230.90

17.9

16.2

0.69

50.00

8.63

P2

213.00

223.25

10.3

9.3

0.77

55.60

9.78

224.80

226.20

1.4

1.3

0.87

62.40

10.90

228.40

230.90

2.5

2.3

0.89

61.50

10.60

LD-19-023

INCLUDING

AND

240.50

251.10

10.6

9.6

0.62

43.99

7.22

P2

240.50

246.70

6.2

5.6

0.72

50.75

8.38

250.20

251.10

0.9

0.8

0.92

64.40

10.80

LD-19-023

INCLUDING

257.50

268.70

11.2

9.4

0.49

34.44

5.22

P1

264.80

266.50

1.7

1.4

0.69

47.50

7.16

LD-19-033

39.00

47.55

8.6

6.9

0.38

51.61

12.33

P3

LD-19-033

INCLUDING

89.70

98.80

9.1

8.2

0.49

53.45

12.42

P2

95.70

98.80

3.1

2.8

0.62

62.30

14.81

LD-19-033

115.55

118.50

3.0

2.7

0.61

58.13

12.99

P2

LD-19-033

INCLUDING

AND

AND

122.30

148.00

25.7

23.3

0.60

48.81

9.40

P2

127.50

130.50

3.0

2.7

0.72

59.45

12.30

136.50

140.80

4.3

3.9

0.73

56.40

10.54

143.85

148.00

4.2

3.8

0.75

56.42

10.07

LD-19-033

INCLUDING

152.15

164.00

11.9

10.8

0.46

36.87

5.80

P2

155.15

158.00

2.9

2.6

0.68

50.12

8.63

LD-19-033

INCLUDING

166.95

178.40

11.5

10.5

0.49

37.34

5.76

P2

175.00

178.40

3.4

3.1

0.78

55.59

9.29

LD-19-033

186.00

198.40

12.4

11.4

0.39

31.44

4.41

P2

LD-19-033

214.70

224.00

9.3

7.9

0.48

34.82

5.36

P1

 

2019 exploration program

The summer-fall 2019 exploration program conducted at the Lac Doré Vanadium property was designed by the Company with the aid of mining industry consultants InnovExplo of Val-d'Or , Québec and CSA Global of Vancouver, BC . The exploration program was managed by InnovExplo of Val-d'Or , Québec under the supervision of the Table Jamésienne de Concertation Minière (TJCM) of Chibougamau , Québec.

The infill and extension drilling program was the main component of the 2019 exploration program. Thirty-five ( 35) holes were drilled (total: 9,196 m ) within the outline of the corridor hosting banded VTM mineralization that was the focus of historic drilling, including 28 holes drilled to map the continuity of VTM mineralization between historic holes ( 7,642 m ) and seven (7) holes drilled to twin historic holes (total: 1,554 m ). The drilling was carried out by Miikan Drilling Ltd of Chibougamau .

Drill core samples (half-core) are submitted to SGS Canada Inc.'s facilities in Val d'Or and Quebec City, Quebec for preparation. The entire sample is dried as required and crushed to 75% passing 2 mm. A 1000-1500 g subsample is then split out and pulverized to 85% passing 75 μm and ~150 g subsample taken for head assays.

Samples are then shipped to SGS Canada Inc.'s facility at Lakefield, Ontario for Whole Rock Analysis (WRA) performed by X-Ray Fluorescence spectroscopy (XRF). The SGS facilities are ISO/IEC 17025 standard certified for the methods used, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The suite of elements analysed includes SiO2, Al2O3, Fe2O3, MgO, CaO, Na2O, K2O, TiO2, P2O5, MnO, Cr2O3, V2O5, and Loss on Ignition (LOI).

Strict QA/QC protocols designed by InnovExplo and CSA Global was implemented to ensure the assay results are relevant, reliable and in accordance with industry standards, CIM Mineral Exploration Best Practice Guidelines (CIM Exploration Guidelines, 2018) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) disclosure requirements. 

The QAQC Protocol is as follows:

  • Minimum 5% appropriate VTM standards to be inserted into the sample stream (i.e. 1 standard per 20 samples);
  • Minimum 5% blanks to be inserted into the sample stream;
  • All coarse rejects and pulps to be collected from the laboratory;
  • 5% of pulps to be resubmitted to SGS in later batches as duplicates with new sample numbers;
  • 5% of pulps to be submitted to an umpire laboratory.


The details of the first results received from the laboratory are presented in table below (Lengths are expressed along drill core axis. The true thickness was not determined):














Hole Id

From

To

Core Length

V2O5 (%)

High Grade Interval V2O5 (>0.6%)

Grade Interval V2O5 (>0.3%)

Fe2O3 (%)

High Grade Interval Fe2O3 (>45%)

Grade Interval Fe2O3 (>30%)

TiO2 (%)

Grade Interval TiO2 (>9%)

Grade Inerval TiO2 (>5%)

LD-19-001

54.5

56

1.5

0.43


0.47 % over

4.2 m

39.6

45.24 % over

4.2 m


12.2

12.68 % over

4.2 m


56

57.5

1.5

0.5


48.9


13.3


57.5

58.7

1.2

0.47


47.7


12.5


94.3

95.6

1.3

0.69

0.64 % over

4.1 m

0.56 % over

9.4 m

65.7

61.52 % over

4.1 m

54.71 % over

9.4 m

14.9

14.11 % over

4.1 m

12.44 % over

9.4 m

95.6

97

1.4

0.6

59.4

13.4

97

98.35

1.35

0.63

59.7

14.1

98.35

100.1

1.75

0.55


53.9


12.2


100.1

101.5

1.4

0.08


15.3


1.96


101.5

103.7

2.2

0.73

0.73 % over 2.2 m

67.9

67.90 % over 2.2 m

16.2

16.20 % over 2.2 m

108.9

110.5

1.6

0.64

0.65 % over

13.2 m


62.6

61.99 % over


14.5

14.20 % over

13.2 m


110.5

112

1.5

0.72


70

13.2 m


16.6


112

113.5

1.5

0.72



68.1



16.2


113.5

115

1.5

0.73



69.5



16.3


115

116.5

1.5

0.77



71.1



16.4


116.5

118.6

2.1

0.66



63.9



14.2


118.6

119.8

1.2

0.05



14



1.18


119.8

122.1

2.3

0.73



64.8



15.1


126.5

128

1.5

0.72

0.66 % over


63.2

58.01 % over


14.3

12.84 % over

12.9 m


128

129.5

1.5

0.75

12.9 m


65.5

12.9 m


14.5


129.5

132

2.5

0.6



54.4



11.8


132

133.5

1.5

0.61



56.3



12


133.5

135

1.5

0.58



52



11.5


135

136.5

1.5

0.7



59.5



13.9


136.5

138

1.5

0.65



56.8



12.5


138

139.4

1.4

0.68



58.8



12.9


161.3

163

1.7

0.63

0.66 % over


54.7

56.23 % over


11.4

11.93 % over

3.6 m


163

164.9

1.9

0.68

3.6 m


57.6

3.6 m


12.4


170.8

171.9

1.1

0.63

0.63 % over

1.1 m


54.7

54.70 % over

1.1 m


11.6

11.60 % over

1.1 m


185.1

186.5

1.4

0.7


0.67 % over

57.5


53.09 % over

12.2


10.65 % over

186.5

188

1.5

0.78


29.40 m

64.7


29.40 m

13.6


29.40 m

188

190

2

0.66



55.1



11.4



190

192

2

0.73



55.2



12.4



192

193.5

1.5

0.73



58.4



12.1



193.5

195

1.5

0.53



42.4



9.16



195

196.7

1.7

0.7



56.8



11.9



196.7

198

1.3

0.05



8.78



1.03



198

199.5

1.5

0.58



46.4



9.47



199.5

201

1.5

0.76



59.9



12.1



201

202.5

1.5

0.7



55.3



11.2



LD-19-001

202.5

204

1.5

0.63



51.4



9.8



204

205.5

1.5

0.74



57.9



11.2



205.5

207

1.5

0.79

0.81 % over


60.1

61.63 % over


11.5

11.65 % over

6.0 m


207

208.5

1.5

0.75

6.0 m


58.1

6.0 m


11


208.5

210

1.5

0.8



61.1



11.5


210

211.5

1.5

0.89



67.2



12.6


211.5

212.8

1.3

0.73



54.5



10



212.8

214.5

1.7

0.45



33.3



6.43



218

219.5

1.5

0.75

0.78 % over


57.1

59.34 % over


10.6

10.86 % over

7.5 m


219.5

221

1.5

0.75

7.5 m


56.6

7.5 m


10.5


221

222.5

1.5

0.74



56



10.2


222.5

224

1.5

0.8



60.6



11


224

225.5

1.5

0.87



66.4



12


231.3

233

1.7

0.74

0.71 % over


55.8

53.05 % over


9.7

9.26 % over

2.5 m


233

233.8

0.8

0.64

2.5 m


47.2

2.5 m


8.32


240

241.5

1.5

0.71

0.76 % over

0.69 % over

52.6

54.30 % over

50.07 % over

9.34

9.67 % over

3.0 m

8.78 % over

241.5

243

1.5

0.8

3.0 m

4.7 m

56

3.0 m

4.7 m

10

4.7 m

243

244.7

1.7

0.58



42.6



7.21



251.6

253

1.4

0.47


0.64 % over

35.5


47.49 % over

5.95


7.88 % over

253

254.5

1.5

0.49


5.8 m

37.1


5.8 m

6.1


5.8 m

254.5

256

1.5

0.77

0.80 % over


56.2

58.66 % over


9.5

9.74 % over

2.9 m


256

257.4

1.4

0.84

2.9 m


61.3

2.9 m


9.99


269

271.2

2.2

0.68


0.55 % over

49.7


40.12 % over

8.26


6.55 % over

271.2

272.8

1.6

0.18


9.5 m

15.9


9.5 m

2.43


9.5 m

272.8

274.5

1.7

0.69

0.73 % over


48.6

51.98 % over


8.55

8.83 % over

2.8 m


274.5

275.6

1.1

0.78

2.8 m


57.2

2.8 m


9.25


275.6

277

1.4

0.29



23.8



3.25



277

278.5

1.5

0.64



45



7.28



289

290.7

1.7

0.68

0.78 % over


48.5

55.20 % over


7.82

8.81 % over

3.7 m


290.7

292.7

2

0.87

3.7 m


60.9

3.7 m


9.66


307

308.5

1.5

0.59


0.54 % over

41.6


38.17 % over

6.47


5.77 % over

308.5

310

1.5

0.28


11.1 m

20.9


11.1 m

3.08


11.1 m

310

311.5

1.5

0.55



39.7



5.98



311.5

313

1.5

0.62



44



6.41



313

314.5

1.5

0.49



34.8



5.18



314.5

316

1.5

0.51



36.5



5.76



316

318.1

2.1

0.66

0.66 % over 2.1 m


46.4

46.40 % over 2.1 m


7.01

7.01 % over 2.1 m


LD-19-019

34

35.25

1.25

0.59


0.59 % over 1.25 m

55.8

55.80 % over 1.25 m


12.1

12.10 % over 1.25 m


38.25

39.5

1.25

0.68

0.68 % over


62

60.64 % over


14

14.22 % over

5.0 m


39.5

41

1.5

0.66

5.0 m


60.6

5.0 m


13.9


LD-19-019

41

42.5

1.5

0.67



61.2



14



42.5

43.2

0.7

0.76



57.1



15.8



47.8

48.5

0.7

0.49

0.68 % over


44.5

57.88 % over


8.85

12.66 % over

16.1 m


48.5

50

1.5

0.71

16.1 m


57.5

16.1 m


12.3


50

51.5

1.5

0.77



67



15.4


51.5

53

1.5

0.77



68.1



15.6


53

54

1

0.73



63.9



14.7


54

54.9

0.9

0.72



63.2



14.4


54.9

55.4

0.5

0.03



10.3



0.67


55.4

56

0.6

0.75



61.4



15


56

57

1

0.7



60



13.1


57

58.5

1.5

0.65



54.8



12


58.5

60

1.5

0.68



56.7



12.2


60

61.5

1.5

0.69



57.9



12


61.5

63

1.5

0.69



56.4



11.7


63

63.85

0.85

0.68



55.8



11.8


67.25

68.7

1.45

0.77


0.64 % over

60.3


48.13 % over

12.3


8.85 % over

29.7 m

68.7

69.4

0.7

0.59


29.7 m

46.2


29.7 m

9.22


69.4

70.65

1.25

0.78



58.8



12.3


70.65

71.9

1.25

0.58



45



9.06


71.9

73

1.1

0.65



52.2



10.4


73

73.8

0.8

0.7



55.5



11.1


73.8

74.3

0.5

0.29



34.5



4.56


74.3

75

0.7

0.73

0.78 % over


56

57.44 % over


11.1

11.10 % over

6.2 m

75

76

1

0.74

6.2 m


56.4

6.2 m


10.9

76

77

1

0.81



59.3



11.8

77

78

1

0.78



55.5



10.7

78

79

1

0.76



56.3



10.6

79

80

1

0.81



60.1



11.4

80

80.5

0.5

0.81



58.7



11.3

80.5

81

0.5

0.57



41.7



8


81

81.8

0.8

0.32



25.1



4.53


81.8

82.8

1

0.66

0.69 % over


50

50.55 % over


9.17

9.30 % over

2.6 m

82.8

84

1.2

0.66

2.6 m


48.3

2.6 m


8.85


84

84.4

0.4

0.85



58.7



11


84.4

85

0.6

0.52



37.5



7.59



85

85.6

0.6

0.18



22.1



2.31



85.6

86.25

0.65

0.66



44.5



7.99



86.25

87.7

1.45

0.38



30.7



4.44



87.7

89

1.3

0.73



51.6



8.97



89

89.8

0.8

0.53



42.1



6.26



89.8

90.2

0.4

0.31



28.5



3.62



LD-19-019

90.2

91.2

1

0.75

0.64 % over


49.2

46.05 % over


9

7.83 % over

6.7 m


91.2

92.5

1.3

0.29

6.7 m


26.7

6.7 m


3.81


92.5

93.65

1.15

0.78



56.6



9.85


93.65

94.9

1.25

0.41



29.1



5.03


94.9

96

1.1

0.83



59.7



10


96

96.90

0.9

0.93



63.9



11


103.25

103.9

0.65

0.9

0.90 % over 0.7 m


62

62.00 % over 0.7 m


10.4

10.40 % over 0.7 m


106.75

107.45

0.7

0.52


0.49 % over

39.9


37.40 % over

5.93


5.55 % over

7.0 m

107.45

108.85

1.4

0.41


7.0 m

35.3


7.0 m

4.83


108.85

109.85

1

0.84

0.84 % over 1


59.1

59.10 % over 1


9.65

9.65 % over 1

109.85

111

1.15

0.36



25.4



4.17


111

111.9

0.9

0.42



29.7



4.65


111.9

112.9

1

0.33



30.4



3.45


112.9

113.7

0.8

0.6

0.60 % over 0.8m


46.4

46.40 % over 0.8m


6.98

6.98 % over 0.8m

119.85

121.3

1.45

0.85

0.90 % over


57.3

60.30 % over


9.24

9.73 % over

3.0 m


121.3

122.8

1.5

0.94

3.0 m


63.2

3.0 m


10.2


134.25

135.5

1.25

0.44


0.50 % over

30.8


34.71 % over

4.76


5.25 % over

11.1 m

135.5

136.5

1

0.76

0.60 % over

11.1 m

51.6

41.16 % over

11.1 m

8

6.28 % over

5.0 m

136.5

137.7

1.2

0.16

5.0 m


11.2

5.0 m


1.74

137.7

139

1.3

0.72



49.3



7.54

139

140.5

1.5

0.73



51.1



7.68

140.5

141.1

0.6

0.33



25



3.48


141.1

142

0.9

0.14



10.6



1.56


142

143

1

0.58



40.3



6.05


143

145.35

2.35

0.45



32.4



4.86


149

150

1

0.4


0.39 % over

29.2


28.72 % over

4.05


4.06 % over

5.0 m

150

151

1

0.4


5.0 m

29.5


5.0 m

4.23


151

152

1

0.25



21.5



2.68


152

153

1

0.6



40.1



6.09


153

154

1

0.3



23.3



3.23


163

163.5

0.5

0.52


0.52 % over 0.5 m

37.5


37.50 % over 0.5 m

5.83


5.83 % over 0.5 m

179

180

1

0.55


0.55 % over 1.0 m

41.7


41.70 % over 1.0 m

5.26


5.26 % over 1.0 m

LD-19-023

18.7

19.8

1.1

0.52


0.59 % over

54.2


59.12 % over

13.5


14.72 % over

11.6 m

19.8

22

2.2

0.49


11.6 m

52.7


11.6 m

13.3


22

24

2

0.59



58.5



14.7


24

25.5

1.5

0.55



55.2



13.7


25.5

26.9

1.4

0.58



56.6



14.1


26.9

28.5

1.6

0.72

0.71 % over


68.9

68.00 % over


16.9

16.74 % over

3.4 m

28.5

30.3

1.8

0.71

3.4 m


67.2

3.4 m


16.6

32.8

34.5

1.7

0.36


0.41 % over

47.8


46.60 % over

8.67


9.60 % over

LD-19-023

34.5

36

1.5

0.5


5.8 m

53.4


5.8 m

11.4


5.8 m

36

36.7

0.7

0.66



65.4



15.3


36.7

38

1.3

0.15



21.4



3.86


38

38.6

0.6

0.6



58.9



13.5


52.7

54

1.3

0.61

0.59 % over


60.9

58.18 % over


13.9

13.23 % over

3.7 m


54

55.5

1.5

0.56

3.7 m


54.8

3.7 m


12.3


55.5

56.4

0.9

0.62



59.9



13.8


69

70.5

1.5

0.63


0.69 % over

56.3


60.26 % over

13.1


13.90 % over

11.8 m

70.5

72

1.5

0.74

0.74 % over

11.8 m

62.4

63.94 % over

11.8 m

14.3

14.56 % over

7.5 m

72

73.5

1.5

0.72

7.5 m


58.5

7.5 m


14.1

73.5

75

1.5

0.73



63.2



13.8

75

76.5

1.5

0.77



68.2



15.4

76.5

78

1.5

0.74



67.4



15.2

78

79.5

1.5

0.55



46.8



11.3


79.5

80.8

1.3

0.63



59.1



14


83

83.7

0.7

0.78

0.78 % over 0.7 m


68.1

68.10 % over 0.7 m


16

16.00 % over 0.7 m


97.9

99.5

1.6

0.71


0.67 % over

61.8


58.54 % over

14.4


13.11 % over

14.3 m

99.5

101

1.5

0.72


14.3 m

64


14.3 m

14.3


101

102.5

1.5

0.64



52.9



12.9


102.5

103.7

1.2

0.64



56.9



12


103.7

104.2

0.5

0.33



35.7



6.52


104.2

105.5

1.3

0.62



56.9



12.5


105.5

107

1.5

0.77

0.74 % over


65.7

63.30 % over


14.8

14.20 % over

3.0 m

107

108.5

1.5

0.71

3.0 m


60.9

3.0 m


13.6

108.5

110

1.5

0.64



56



12.5


110

112.2

2.2

0.69



58.6



12.9


119.2

120.2

1

0.55


0.55 % over 1.0 m

47.3


47.30 % over 1.0 m

10.3


10.30 % over 1.0 m

130.7

132

1.3

0.6

0.71 % over


52.4

59.63 % over


10.9

12.61 % over

5.1 m


132

134.3

2.3

0.73

5.1 m


61

5.1 m


13


134.3

135.8

1.5

0.76



63.8



13.5


149.5

151

1.5

0.72

0.72 % over 1.5 m

0.65 % over

60.6

60.60 % over 1.5 m

52.82 % over

12.7

12.70 % over 1.5 m

10.81 % over

11.3 m

151

151.7

0.7

0.54


11.3 m

43.4


11.3 m

9.41


151.7

154.2

2.5

0.67



53.7



11.7


154.2

155

0.8

0.08



14.9



1.46


155

155.5

0.5

0.69

0.71 % over


56.5

56.79 % over


11.1

11.39 % over

5.8 m

155.5

157

1.5

0.74

5.8 m


60.6

5.8 m


12.1

157

158.5

1.5

0.7



54.7



11.2

158.5

160

1.5

0.72



57.2



11.5

160

160.8

0.8

0.65



53



10.4

168.5

170

1.5

0.77

0.77 % over

0.65 % over

60.9

59.96 % over

51.23 % over

12.3

11.71 % over

7.1 m

9.51 % over

24.50 m

170

171.5

1.5

0.77

7.1 m

24.50 m

60.5

7.1 m

24.50 m

11.9

LD-19-023

171.5

173

1.5

0.72



55.3



10.8



173

174.5

1.5

0.83



64.3



12.5



174.5

175.6

1.1

0.73



58.4



10.8



175.6

177.5

1.9

0.2



24.7



3



177.5

179

1.5

0.74

0.72 % over


58.8

56.29 % over


11.3

10.46 % over

6.8 m


179

180.3

1.3

0.83

6.8 m


62.8

6.8 m


11.9


180.3

181.1

0.8

0.08



16.6



1.99


181.1

183

1.9

0.89



68



12.7


183

184.3

1.3

0.72



54.2



10


184.3

186

1.7

0.49



37.2



7.02



186

188

2

0.21



19.3



3.16



188

189.5

1.5

0.76

0.80 % over


57

59.56 % over


10.5

10.96 % over

5.0 m


189.5

191

1.5

0.74

5.0 m


55.8

5.0 m


10.3


191

193

2

0.88



64.3



11.8


199.5

201

1.5

0.83

0.83 % over


59.8

60.43 % over


10.9

10.90 % over

5.0 m


201

202.5

1.5

0.87

5.0 m


64.9

5.0 m


11.7


202.5

204

1.5

0.84



60.4



10.8


204

204.5

0.5

0.69



49



8.81


213

214.5

1.5

0.82

0.77 % over

0.69 % over

60.2

55.60 % over

50.00 % over

10.6

9.78 % over

10.3 m

8.63 % over

17.9 m

214.5

216

1.5

0.8

10.3 m

17.9 m

58.6

10.3 m

17.9 m

10.4

216

218.5

2.5

0.72



53.2



9.25

218.5

220

1.5

0.7



51.4



8.89

220

221.5

1.5

0.85



61.1



10.4

221.5

223.25

1.75

0.76



51.4



9.51

223.25

224.8

1.55

0.27



23



3.47


224.8

226.2

1.4

0.87

0.87 % over 1.4 m


62.4

62.40 % over 1.4 m


10.9

10.90 % over 1.4 m

226.2

228.4

2.2

0.28



22



3.23


228.4

230.9

2.5

0.89

0.89 % over 2.5m


61.5

61.50 % over 2.5m


10.6

10.60 % over 2.5m

240.5

242.4

1.9

0.92

0.72 % over

0.62 % over

64.3

50.75 % over

43.99 % over

10.8

8.38 % over

6.2 m

7.22 % over

10.6 m

242.4

243.5

1.1

0.31

6.2 m

10.6 m

23.2

6.2 m

10.6 m

3.78

243.5

245.85

2.35

0.75



52.7



8.54

245.85

246.7

0.85

0.74



50.7



8.5

246.7

249

2.3

0.31



23.3



3.65


249

250.2

1.2

0.46



33.4



5.37


250.2

251.1

0.9

0.92

0.92 % over 0.9 m


64.4

64.40 % over 0.9 m


10.8

10.80 % over 0.9 m

257.5

259

1.5

0.51


0.49 % over

36.1


34.44 % over

5.69


5.22 % over

11.2 m

259

260.5

1.5

0.37


11.2 m

25.7


11.2 m

4.07


260.5

262

1.5

0.48



34.6



5.17


262

263.5

1.5

0.57



39.1



5.95


263.5

264.8

1.3

0.33



23.4



3.49


264.8

266.5

1.7

0.69

0.69 % over 1.7 m


47.5

47.50 % over 1.7 m


7.16

7.16 % over 1.7 m


266.5

268.7

2.2

0.43



32.4



4.73



LD-19-033

39

40.6

1.6

0.31


0.38 % over

49.9


51.61 % over

11.1


12.33 % over

8.6 m

40.6

42.25

1.65

0.32


8.6 m

48.8


8.6 m

10.5


42.25

43.25

1

0.52



66



17


43.25

45

1.75

0.41



52.7



12.8


45

46

1

0.4



49.7



12


46

47.55

1.55

0.39



47.1



12.2


89.7

91.2

1.5

0.38


0.49 % over

47.1


53.45 % over

10.1


12.42 % over

9.1 m

91.2

92.7

1.5

0.5


9.1 m

57


9.1 m

13


92.7

94.2

1.5

0.37



41.9



9.66


94.2

95.7

1.5

0.47



49.5



12


95.7

97.2

1.5

0.6

0.62 % over


60.6

62.30 % over


14.4

14.81 % over

3.1 m

97.2

98.8

1.6

0.64

3.1 m


63.9

3.1 m


15.2

115.55

117

1.45

0.61

0.61 % over


59.3

58.13 % over


13.4

12.99 % over

3.0 m


117

118.5

1.5

0.61

3.0 m


57

3.0 m


12.6


122.3

123

0.7

0.55


0.60 % over

36.4


48.81 % over

10.5


9.40 % over

25.70 m

123

124.5

1.5

0.48


25.70 m

37.3


25.70 m

8.7


124.5

126

1.5

0.6



51.7



11.4


126

127.5

1.5

0.62



53.1



11.4


127.5

129

1.5

0.71

0.72 % over


59.3

59.45 % over


12.4

12.30 % over

3.0 m

129

130.5

1.5

0.73

3.0 m


59.6

3.0 m


12.2

130.5

132

1.5

0.69



56.4



11.4


132

133.65

1.65

0.64



49.5



10.1


133.65

135.2

1.55

0.07



23.7



1.3


135.2

136.5

1.3

0.61



50.9



9.33


136.5

138

1.5

0.76

0.73 % over


57.8

56.40 % over


11.2

10.54 % over

4.3 m

138

139.5

1.5

0.6

4.3 m


47.8

4.3 m


8.52


139.5

140.8

1.3

0.85



64.7



12.1


140.8

142.5

1.7

0.36



27.9



5.07



142.5

143.05

0.55

0.43



35.7



5.9



143.05

143.85

0.8

0.3



30.7



4



143.85

145

1.15

0.72

0.75 % over


54.4

56.42 % over


9.9

10.07 % over

4.2 m


145

146.5

1.5

0.72

4.2 m


54.5

4.2 m


9.58


146.5

148

1.5

0.8



59.9



10.7


152.15

153.65

1.5

0.45


0.46 % over

37.7


36.87 % over

5.95


5.80 % over

11.9 m

153.65

155.15

1.5

0.4


11.9 m

34.5


11.9 m

5.1


155.15

156.65

1.5

0.74

0.68 % over


54.1

50.12 % over


9.44

8.63 % over

2.8 m

156.65

158

1.35

0.61

2.8 m


45.7

2.8 m


7.72

158

158.7

0.7

0.44



34.8



5.19


158.7

160.1

1.4

0.18



19.4



2.29


160.1

161.6

1.5

0.32



27.2



3.93


LD-19-033

161.6

163.1

1.5

0.35



29.6



4.28



163.1

164

0.9

0.77

0.77 % over 0.9 m


54.5

54.50 % over 0.9 m


9.37

9.37 % over 0.9 m


166.95

168

1.05

0.38


0.49 % over

30.7


37.34 % over

4.49


5.76 % over

11.5 m

168

169.5

1.5

0.43


11.5 m

34.2


11.5 m

4.96


169.5

171

1.5

0.2



20.1



2.29


171

172.5

1.5

0.48



36.3



5.6


172.5

174

1.5

0.39



31.4



4.52


174

175

1

0.3



23.3



3.59


175

176.4

1.4

0.62

0.78 % over


45

55.59 % over


7.55

9.29 % over

3.4 m

176.4

177.4

1

0.91

3.4 m


64

3.4 m


10.8

177.4

178.4

1

0.89



62



10.2

186

187.5

1.5

0.38


0.39 % over

31.5


31.44 % over

4.44


4.41 % over

12.4 m

187.5

189

1.5

0.54


12.4 m

41.8


12.4 m

6.17


189

190.5

1.5

0.43



33.6



4.89


190.5

192

1.5

0.39



31.8



4.42


192

193.5

1.5

0.28



26



3.56


193.5

195

1.5

0.48



37.4



5.21


195

196.5

1.5

0.29



27.4



3.14


196.5

197.5

1

0.25



20.9



3.05


197.5

198.4

0.9

0.38



27.5



4.37


207

207.9

0.9

0.68

0.68 % over 0.9 m


48.4

48.40 % over 0.9 m


7.46


7.46 % over 0.9 m

214.7

216

1.3

0.53


0.48 % over

37.7


34.82 % over

5.9


5.36 % over

9.3 m

216

217.5

1.5

0.5


9.3 m

35.5


9.3 m

5.57


217.5

219.2

1.7

0.57



39.7



6.14


219.2

219.85

0.65

0.16



13.4



1.86


219.85

221.6

1.75

0.64

0.64 % over 1.8 m


45.2

45.20 % over 1.8 m


7.02

7.02 % over 1.8 m

221.6

223.1

1.5

0.37



28.6



4.29


223.1

224

0.9

0.35



26



3.89


 

Qualified Persons

The scientific and technical information disclosed in this news release has been prepared, reviewed and approved by Mr. Carl Pelletier , B.Sc., P.Geo. (Québec) from InnovExplo, a consultant to the Company and an Independent Qualified Person under NI 43-101 – Standards of Disclosure for Mineral Projects.

About VanadiumCorp Resource Inc.

VanadiumCorp is developing an integrated supply chain enabling scalable, safe, sustainable, low cost, long duration energy storage solutions for the clean energy future. VanadiumCorp is developing vanadium redox flow battery technology under its XRG® brand, a wholly owned vanadium resource base in Quebec, Canada and jointly owned process technology that recovers vanadium sustainably and efficiently.

On behalf of the board of VanadiumCorp:

Adriaan Bakker
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Cautionary & Forward-Looking Statements

This release contains forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements, including statements with respect to the anticipated use of Private Placement proceeds and anticipated receipt of final TSX Venture Exchange acceptance for the Private Placement.  Forward-looking statements include words or expressions such as "will", "subject to", "expect" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political and social uncertainties; the state of capital markets and risks that may impact the Company's business, operations and financial condition. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct.  Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law.




SOURCE VanadiumCorp Resource Inc.


Cision

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