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ScandiVanadium Ltd.
Summary
| Project: | Skane | |
|---|---|---|
| Deposit: | Horby | |
| Location: | Sweden | |
| Commodities: | Vanadium | |
| Date: | 11/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-11-2019: ScandiVanadium Ltd. announces an Exploration/Drilling Update report for its Horby deposit at the Skane project. Drilling results incl. 12.3m @ 0.39% 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 second set of assay results from the Hörby drilling campaign at the Skåne Vanadium Project. Results from analysis of half core samples for HDD002, HDD003b and HDD005 have been received from ALS laboratories in Pitea. ScandiVanadium has now received results from all five drill holes that intersected vanadiferous Dictyonema Formation at Hörby. Managing Director David Minchin said, “We are pleased that the second set of assay results show the continuation of good seam thickness and grade across the Hörby target. Drill results confirm that both top and bottom seams are present in all five drill intersections. Moreover, the flat lying geometry of the mineralised bodies lends itself well to the low cost and low impact mining we envisage”. Skåne is located on the southern-most tip of Sweden, with the Skåne Project area about 1 hour’s drive from Malmö and 90 minutes’ drive from Copenhagen, the nearest international airport. The project is comprised of 11 granted licences totalling ~220km2 . The presence of unusually high concentrations of vanadium in the Dictyonema Formation was first identified in 1940 when mining and production of vanadium pentoxide was conducted during World War II near to the hamlet of Flagabro. The Hörby Target, situated at the northern end of the Skåne Project area, is 40km from the Flagabro mine and 30km from drilling conducted at Fågeltofta-2. Diamond holes planned up to 125m depth targeted the prospective vanadium bearing Dictyonema Formation where this sedimentary seam occurs near surface at Hörby. The prospect is in an area of forest re-growth covering an area previously excavated for peat. | |
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