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ScandiVanadium Ltd.

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Summary

Project:

Skane

Deposit:Horby
Location:Sweden
Commodities:Vanadium
Date:11/14/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:14-11-2019: ScandiVanadium Ltd. announces an Exploration/Drilling Update report for its Horby deposit at the Skane project. Drilling results incl. 12.3m @ 0.40% V2O5. ScandiVanadium Limited (ASX:SVD) (ScandiVanadium or the Company) is pleased to announce
Resources:x
CP/QP:[Overall Report]: Liz de Klerk (Micon International Ltd.)
ABSTRACT:ScandiVanadium Limited (ASX:SVD) (ScandiVanadium or the Company) is pleased to announce the first set of assay results from the Hörby drilling campaign at the Skåne Vanadium Project. Results from analysis of half core samples for HDD001 and HDD001b have been received from ALS laboratories in Pitea. Managing Director David Minchin said, “We are pleased with the first assay results from our maiden drill campaign that show good seam thickness and grade, and which demonstrate the regional scale nature of the Dictyonema Formation at Skåne Project. The reported grade compares well with other shale hosted vanadium deposits around the world, albeit lower than we have seen from the historic boreholes of Fågeltofta-2 (9.7m @ 0.61% V2O5) and Gislövshammar (9.2m @ 0.67% V2O5). This could suggest basin wide changes in the deposition of the Dictyonema Formation with the vanadiferous zone bifurcating and diluting further to the north. We expect to receive the remainder of the drill results in the coming weeks”.

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