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Strategic Resources Inc.
Summary
| Project: | Akanvaara | |
|---|---|---|
| Deposit: | Akanvaara | |
| Location: | Finland | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 10/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-10-2019: Strategic Resources Inc. announces an Exploration/Drilling Update report for its Akanvaara deposit at the Akanvaara project. Drilling results incl. 23.0m @ 0.31% V, 0.55% V2O5, 3.18% TiO2, 17.04% Fe from 64.0m. VANCOUVER, Oct. 2, 2019 /CNW/ - S | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Leo Hathaway (Not stated) | |
| ABSTRACT: | VANCOUVER, Oct. 2, 2019 /CNW/ - Strategic Resources Inc. (TSXV: SR) (the "Company" or "Strategic") is pleased to announce drill results from the last five holes (704 metres) of its Phase 1 diamond drill program at the Akanvaara project in Finland. Holes AK19-05 and AK19-06 stepped out down dip on previous intercepts and hole AK19-07 extended known mineralization along strike in the western zone. The mineralized zone defined so far is approximately 25 metres thick and generally dips at 45 degrees to the southeast. It demonstrates remarkable consistency at a 0.3% V2O5 cut-off grade. The eastern offset zone was tested with holes AK19-08 and AK19-09 and exhibits a thicker zone of high-grade mineralization above a 0.5% V2O5 cut-off grade. The overall intercepts above the 0.3% V2O5 cut-off grade appear to be thinner than the western zone. Reported intercepts occur in a magnetite gabbro layer within which mineralization occurs as massive, semi-massive and disseminated magnetite, pyrite and chalcopyrite. Vanadium grades are zoned, with the highest grades occurring towards the bottom of this layer. This initial drill program has confirmed consistent mineralization over a 3-kilometre strike length and up to a vertical depth of 250 metres below surface. The vanadium bearing horizon remains open along strike and to depth. Preliminary results for initial magnetic separation testing (Davis Tube) on 45 higher grade samples from the first seven holes have returned positive results. Further testing and concentrate optimization studies are being planned for the next phase of drilling. At Strategic's Silasselkä Project, the Company plans to commence its Phase 1 drilling in Q4 2019. | |
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