First Vana­dium drills 41.15 m of 0.84% V2O5 at Car­lin

Stockwatch Daily - - MINES & METALS - Mr. Paul Cow­ley re­ports

FIRST VANA­DIUM Corp. (for­merly Cor­ner­stone Met­als Inc .) has re­leased re­sults from an ad­di­tional 17 con­fir­ma­tion drill holes from within and along a 1,220-me­tre cor­ri­dor of min­er­al­iza­tion at its Car­lin vana­dium project lo­cated six miles south of Car­lin, Nev. Three high­light in­ter­vals from this drilling en­coun­tered 41.15 me­tres (135 feet) grad­ing 0.84 per cent vana­dium, 38.1 me­tres (125 feet) grad­ing 0.75 per cent V2O5 and 27.43 m (90 ft) grad­ing 0.84 per cent V2O5. The av­er­age grade of these 17 holes is 0.54 per cent V2O5. The av­er­age es­ti­mated true thick­ness of the zone in these 17 holes is 33.7 m (110 ft). The high­lights of the 17 holes are shown in the at­tached ta­ble.. First Vana­dium pres­i­dent and chief ex­ec­u­tive of­fi­cer Paul Cow­ley stated: “We con­tinue to be pleased with these drill re­sults that re­in­force con­ti­nu­ity of a thick, shal­low, near hor­i­zon­tal bed of high-grade vana­dium min­er­al­iza­tion, cor­re­lat­ing well to the near­est pre­vi­ous drill holes and im­prov­ing drill den­sity. Re­main­ing drill as­say re­sults from an ad­di­tional 25 ex­ploratory holes are ex­pected to be re­leased next week.”

(See FVAN Ta­ble 1 on page 7)

A map has been placed on the com­pany web­site to demon­strate the lo­ca­tion of these


Four of the holes, RCC1832, RCC18-43, RCC18-44 and RCC18-67, ended in min­er­al­iza­tion. Holes RCC18-32, RCC18-43 and RCC18-67 also re­turned 10 m (30 ft) to 25 m (75 ft) thick, near-sur­face, flat-ly­ing min­er­al­ized in­ter­vals above the main high-grade zone that graded be­tween 0.21 per cent and 0.26 per cent V2O5. Thir­teen of the 17 holes were an­gle holes; ad­justed and es­ti­mated true thick­ness (est. true) of their in­ter­cepts are dis­played in the at­tached ta­ble. The drill in­ter­cepts of the ver­ti­cal holes are con­sid­ered true thick­ness.

The Car­lin vana­dium de­posit is con­sid­ered the largest, high­est-grade pri­mary vana­dium de­posit in North Amer­ica.

Vana­dium is grow­ing in im­por­tance for key in­dus­trial man­u­fac­tur­ing sec­tors, most no­tably steel and re­new­able en­ergy. To­day, more than 90 per cent of the world’s vana­dium is used in steel man­u­fac­tur­ing ap­pli­ca­tions. Its im­por­tance to the en­ergy sec­tor is also grow­ing rapidly with more than 5 per cent of vana­dium pro­duc­tion used in en­ergy stor­age where its sub­stan­tial cost and per­for­mance ben­e­fits make it an al­ter­na­tive choice to lithium ion in sev­eral ar­eas.

About First Vana­dium Corp.

First Vana­dium has an op­tion to earn a 100-per-cent in­ter­est in the Car­lin vana­dium project, lo­cated in Elko county six miles south from the town of Car­lin, Nev., on High­way I-80. The Car­lin vana­dium project hosts the Car­lin vana­dium de­posit, which is flat to shal­low dip­ping and at shal­low depths, zero to 60 me­tres (zero to 200 feet) below sur­face. Tech­ni­cal dis­clo­sure in this news re­lease has been re­viewed and ap­proved by Paul Cow­ley, PGeo, a qual­i­fied per­son as de­fined by NI 43-101 and the pres­i­dent and chief ex­ec­u­tive of­fi­cer of the com­pany.

We seek Safe Har­bor.

John David An­der­son, Paul Ste­wart Cow­ley, Ja­son Alexan­der Wolf­gang Nickel, Fred­er­ick James Svein­son, Radomir Vukce­vic

(FVAN) Shares: 38,800,915

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.