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Strategic Resources Inc.
Summary
| Project: | Akanvaara | |
|---|---|---|
| Deposit: | Akanvaara | |
| Location: | Finland | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 8/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-8-2019: Strategic Resources Inc. announces an Exploration/Drilling Update report for its Akanvaara deposit at the Akanvaara project. Drilling results incl. 24.3m @ 0.49% V2O5, 2.65% TiO2, 15.89% Fe from 67.0m. VANCOUVER, Aug. 8, 2019 /CNW/ - Strategic R | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Leo Hathaway (Not stated) | |
| ABSTRACT: | VANCOUVER, Aug. 8, 2019 /CNW/ - Strategic Resources Inc. (TSXV: SR) (the "Company" or "Strategic") is pleased to announce drill results from the first four holes of its 1,200 metre Phase 1 drill program at the Akanvaara project in Finland. The first four holes represent 455 metres of drilling. Strategic is currently waiting for results from holes five to seven and is finishing holes eight and nine, which will complete Phase 1. The first four holes returned mineralization consistent with historical drilling at the property. Vanadium bearing mineralization occurs from surface and has been drilling confirmed to extend to at least 250 metres of vertical depth, and likely deeper. The use of a 0.3% V2O5 cut-off shows a consistent zone approximately 25 metres thick dipping at approximately 45 degrees below horizontal to the southwest. Intercepts quoted 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. The drilling was completed after a 43-kilometre ground magnetics survey on 31 lines spaced 100 metres apart that was completed in Q2. In addition to the current drilling, Strategic is undertaking initial magnetic separation testing (Davis Tube) on 31 higher grade sample pulps from the first seven holes of the program. For assays not yet received, grade was estimated by XRF testing of drill core. This testing is a first step in determining the magnetic separation characteristics of the vanadium-hosting magnetite mineralization. | |
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