Vanadium starts phase 2b of drilling at Mont Sorcier
2018-09-17 11:38 ET - News Release
Mr. John Priestner reports
VANADIUM ONE ENERGY COMMENCES PHASE 2B DRILLING AT MONT SORCIER
Vanadium One Energy Corp. has started its phase 2b drilling campaign at its Mont Sorcier vanadium-magnetite project. The drill rig was mobilized on Sept. 10, 2018, and the company's drilling began on Sept. 11, 2018. Its phase 2b plan is targeting approximately 2,000 metres of drilling in 10 drill holes, with each hole to average approximately 200 metres in length.
The objective for phase 2b is to continue drilling in the South zone, between historical sections 52E and 68E. The company's goal is to complete and extend drilling at 45-degree to 60-degree drill angles across the 150-metre-thick iron formation, on a 100-metre-spacing grid. Phase 2b will complete the drilling program recommended in the company's National Instrument 43-101 technical report dated Oct. 29, 2016 (available on SEDAR).
John Priestner, president and chief executive officer, said: "We have had two very successful drilling campaigns so far, demonstrating the widespread correlation to the mineralization reported in the historical records. Our goal is to confirm that our continuing results are consistent with the historical records and to deliver a NI 43-101 compliant mineral resource estimate in the first quarter of 2019."
As in our previous two drilling campaigns, the drilling contract was awarded to Chibougamau Diamond Drilling Ltd. and calls for 10 new NQ sized drill holes. Drilling is expected to be completed over the next two weeks with core logging, cutting and sampling to be completed at the Vanadium One core shack, located in Chibougamau, shortly thereafter. Core samples will be sent regularly to ACT Laboratories during this period of logging and assessment.
The technical information contained in this news release has been reviewed and approved by Pierre Jean Lafleur, PEng (OIQ), who is a qualified person with respect to the company's Mont Sorcier vanadium-magnetite project as defined under National Instrument 43-101.
About Vanadium One Energy Corp.
Vanadium One Energy is a mineral exploration and development company with its registered office in downtown Toronto, Canada, and its operational office located in Burlington, Ont., Canada. The company is focused on developing exploration projects that reside in the strategic minerals domain, as defined by the United States Geological Survey.
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