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Vanadian Energy Corp.
Summary
| Project: | Huzyk Creek | |
|---|---|---|
| Deposit: | Huzyk Creek | |
| Location: | Canada | |
| Commodities: | Vanadium | |
| Date: | 5/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-5-2019: Vanadian Energy Corp. announces an Exploration/Drilling Update report for its Huzyk Creek deposit at the Huzyk Creek project. Drilling results incl. 13.77m @ 0.18% V2O5 from 300.03m. Both mineralized intervals are hosted by strongly graphitic m | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marc Simpson (Internal) | |
| ABSTRACT: | Both mineralized intervals are hosted by strongly graphitic metasedimentary rocks with associated sulphides, primarily pyrite and pyrrhotite. Surrounding the strongly graphitic mineralized metasediments are broad zones of metasedimentary rocks with variable graphite content and anomalous vanadium, ranging from 100 ppm to 827 ppm V2O5 over intervals ranging from 0.3 metres to 1.7 metres in length. Hole HZ-19-1 ended in graphitic metasedimentary rocks containing 523 ppm V2O5 over 4 metres. This suggests that the potential for further vanadium bearing zones continues to the west. It is hypothesized that the parallel historic geophysical conductors in this area may represent the margins of a broad zone of graphitic metasedimentary rocks. Further work is required to refine this model and determine the potential for additional vanadium mineralization. Based on comparisons between the geology core logs, assays from the Vanadian Energy drilling, and photos of the historic NIM19 drill core, the Company is of the opinion that the recent drilling did not twin historic drill hole NIM19 due to uncertainties in the exact location of the historic hole. It appears that HZ-19-1 was set up to the southeast of NIM19. NIM19 intersected 68 metres grading 0.14% V2O5 hosted by strongly graphitic metasedimentary rocks across the entire interval. These results confirm that the graphitic metasediments within the Huzyk Creek Property host potentially significant vanadium mineralization which is a new exploration target in Manitoba. To the Company’s knowledge, no prior exploration has been carried out for this type of vanadium mineralization in the province. The Company plans to continue to define further vanadium targets within the Huzyk Creek Property. | |
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