AskMuncher
3 years ago
$VRBFF VanadiumCorp Files Year-End Financial Statements and Provides a Corporate Update
Press Release | 08/20/2021
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2021) - VanadiumCorp Resource Inc. (TSXV: VRB) (OTC: VRBFF) (FSE: NWN) (the "Company", "VanadiumCorp"), has filed its Year-End financial statements, along with the management discussion and analysis for the period ended on October 31, 2020, which are now available online. The Company plans to file all remaining Quarterly financial statements and documents as soon as practicable. Once filed, the Company will apply for revocation of the cease trade order and apply to reinstate trading of its shares on the TSX Venture Exchange.
Adriaan Bakker, VanadiumCorp's CEO, commented: "We thank all our shareholders for their support and patience as we go through the process to bring the Company into good standing. The Company continues to work diligently on its clean technology and development plans for its mineral resources through out this process."
A copy of our MD&A and financial statements is available here. This Management Discussion and Analysis should be read in conjunction with the Company's condensed interim consolidated financial statements and related notes.
About Commodities and VanadiumCorp
Commodity fundamentals have improved substantially lately, marked by the price of vanadium pentoxide that has increased from $5.00 to $9.80 USD/lb in the past 10 months. Similarly, iron ore and titanium prices have rebounded.
The Company is well-positioned to participate in the surging worldwide demand for green energy storage. The Company is poised to initiate environmental and economic studies after validation of its large V-Ti-Fe mineral deposit at Lac Dore, Quebec with a NI 43-101 technical report (CSA Global, Longridge, 2020). Key to those pending studies is the commercial-scale demonstration of the Company's 100% owned and patented hydrometallurgical process ("VEPT").
Success contingent, the Company is uniquely positioned to cover the entire supply chain: from mining; responsible extraction of vanadium, titanium, and iron; to the manufacture of vanadium electrolyte.
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
For more information:
Adriaan Bakker,
President and CEO, VanadiumCorp Resource Inc. (TSXV: VRB) (OTC: VRBFF) (FSE: NWN)
By phone: 604-385-4489
By email: info@vanadiumcorp.com
Website: www.vanadiumcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to future testing on Mustavaara's material and whether it could provide an alternative and more environmentally friendly way to extract vanadium and iron versus the conventional smelting methods contemplated in the preliminary economic study. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of vanadium and pig iron, and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93845
nowwhat2
4 years ago
Oh okay - I now (almost) see what I have been missing..... *Naturally, given that I typically buy first and ask questions later....where in this case I'm still kinda scratching my head....
So, VanadiumCorp Resources Inc. is NOT Spartons 10% partner - VRB Energy
VRB Energy I guess is a privately held "division"? of High Power Exploration Inc. (HPX) https://www.hpxploration.com/projects/private/ which is a subsidiary of I-Pulse https://www.ipulse-group.com/about
https://www.ipulse-group.com/people
LONDON, UNITED KINGDOM – Robert Friedland, Founder, Chairman and Chief Executive Officer of High Power Exploration Inc. (“HPX” or the “Company”), and Eric Finlayson, President of HPX, announced today that the Company has closed the second and final tranche of a US$200 million equity financing of convertible preferred shares. The subscribers included several new institutional investors from the United States and Canada.
https://vrbenergy.com/about-us/
https://vrbenergy.com/vrb-energy-announces-agreement-for-chinas-largest-solar-battery-a-100mw-solar-storage-project-in-hubei-province/
So does Spartan own a portion of High Power Exploration Inc. ?.....Or of their Privately held Co. VRB Energy ?....Pretty sure it's the latter.
I dunno.....LoL - Guess I'll just hope for the best.....now knowing that their partner hasn't been halted for failing to file.
And also knowing that their market cap's currently just 13.7M CDN
HAD actually been HOPING that their partner WAS halted......and that a re-opening would send SRI's sp higher
On the contrary though, everything's "factored in".....THIS is the companys' share price performance WITH everything "factored in" !
Doesn't appear to bode all too well.......especially given the state of the broader mkts.
stocktrademan
9 years ago
$APAFF recent news/filings
bullish 0.031
## source: finance.yahoo.com
Tue, 24 Nov 2015 08:03:50 GMT ~ Chief Technical Advisor Appointment
[at noodls] - VANCOUVER, BRITISH COLUMBIA - October 28 th , 2015 - Vanadiumcorp Resource Inc. (TSX-V: 'VRB') (the 'Company') is pleased to announce the appointment of Mr. Todd Richardson, to the Company's advisory board ...
read full: http://www.noodls.com/view/3342A30F247825D96C69B12A95986EBF81640FF7
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Tue, 24 Nov 2015 08:03:50 GMT ~ VANADIUMCORP COMPLETES $500,000 PRIVATE PLACEMENT
[at noodls] - VANCOUVER, BRITISH COLUMBIA - October 21, 2015 - Vanadiumcorp Resource Inc. (TSX-V: 'VRB') (the 'Company') is pleased to announce it has closed and fully subscribed its's non-brokered private placement ...
read full: http://www.noodls.com/view/6BFD567DEFA14BA8B23E96C6547EC0BED88DD84A
*********************************************************
Fri, 20 Nov 2015 08:52:04 GMT ~ VanadiumCorp Invitation to Québec Mines 2015
[at noodls] - Dear shareholders and friends, We are pleased to inform you that VanadiumCorp will be exhibiting at Québec Mines 2015, Québec City Convention Centre, Tuesday, November 24 to Thursday, November 26 starting ...
read full: http://www.noodls.com/view/CBA5BAEB6367733DA08E2C7AD4BF095590E16D81
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Wed, 28 Oct 2015 19:47:05 GMT ~ Chief Technical Advisor Appointment
[at noodls] - VANCOUVER, BRITISH COLUMBIA - October 28 th , 2015 - Vanadiumcorp Resource Inc. (TSX-V: 'VRB') (the 'Company') is pleased to announce the appointment of Mr. Todd Richardson, to the Company's advisory board ...
read full: http://www.noodls.com/view/7F8B51DDE06DFE924212D775C2A4F64DFE0636E8
*********************************************************
Tue, 15 Sep 2015 22:09:05 GMT ~ VanadiumCorp Arranges Non-Brokered Private Placement
[at noodls] - VANCOUVER, BRITISH COLUMBIA - September 15th, 2015 - Vanadiumcorp Resource Inc. (TSX-V: 'VRB') (the 'Company') is pleased to announce a non-brokered private placement of up to 16,666,667 units ('Units') ...
read full: http://www.noodls.com/view/436B04ABDD6D17C004CD5DC6958024BAF5031E68
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$APAFF charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$APAFF company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/APAFF/company-info
Ticker: $APAFF
OTC Market Place: OTC Pink Current
CIK code: 0000926882
Company name: VanadiumCorp Resources Inc
Company website: http://vanadiumcorp.com
Incorporated In: British Columbia, Canada
Business Description: PacificOre Mining Corp. has established itself as a major player in the junior resource sector, earning Tier 1 Issuer status on the TSX Venture Exchange. By assembling a team of renowned industry professionals, and creating an unparalleled portfolio of world class Vanadium-Titanium-Iron projects, PacificOre has placed itself at the forefront of worldwide Vanadium development. PacificOre's projects are located in the Canadian province of Quebec.
$APAFF share structure
## source: otcmarkets.com
Market Value: $4,569,178 a/o Dec 15, 2015
Shares Outstanding: 147,392,824 a/o Sep 30, 2013
Float: Not Available
Authorized Shares: Unlimited a/o Jul 31, 2011
Par Value: No Par Value
$APAFF extra dd links
Company name: VanadiumCorp Resources Inc
Company website: http://vanadiumcorp.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=APAFF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=APAFF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=APAFF+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/APAFF/news - http://finance.yahoo.com/q/h?s=APAFF+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/APAFF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/APAFF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=APAFF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/APAFF
DTCC (dtcc.com): http://search2.dtcc.com/?q=VanadiumCorp+Resources+Inc&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=VanadiumCorp+Resources+Inc
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=VanadiumCorp+Resources+Inc&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://vanadiumcorp.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://vanadiumcorp.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://vanadiumcorp.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/APAFF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000926882&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/APAFF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/APAFF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=APAFF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=APAFF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/APAFF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=APAFF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=APAFF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=APAFF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=APAFF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=APAFF+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/APAFF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=APAFF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/APAFF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=APAFF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/APAFF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/APAFF/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/APAFF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/APAFF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/APAFF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=APAFF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=APAFF
$APAFF DD Notes ~ http://www.ddnotesmaker.com/APAFF
johnsyn
12 years ago
Apella Resources Inc.: Lac Dore Field Work UpdatePrint.3:13 PM 5/24/2012 - Marketwire
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/24/12 -- Apella Resources Inc. which trades on (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) and its subsidiary Prestige Mining Corporation are pleased to announce the results of the pre-drill field program executed on the 100% owned Lac Dore Vanadium-Iron-Titanium Project.
This program started on March 12, 2012 with the opening of the access roads leading to the property as well as the gravel road crossing the group of claims and giving access to the previous work and old drill sites.
Once the access was rendered possible, the consulting firm Les Consultants Aurus Inc. from Chibougamau started to survey the old McKenzie Bay base line and the different stripped areas. The work was carried out in coordination with the Apella's own geological team which was searching for previous drill sites in order to record their precise locations with current GPS technology. It is noted that the previous work carried out by the Quebec Government at Lac Dore was made using the imperial system. Apella's consultants noted several discrepancies in the surveying of the McKenzie Bay's historic base line. Those discrepancies are now corrected. In addition, Apella had the consultants establish three permanent bench marks linked to the Canadian Spatial Reference System (CSRS) which will, as the project progresses, provide fundamental reference values for latitude, longitude, height and gravity. GPS/GNSS products and services provide for reliable, consistent positioning as well as useful geodetic calculators. In fact, Aurus installed five permanent bench marks, of which, three of them are located on the base line. All the surveying work was completed at the end of April 2012.
The old McKenzie Bay grid has now, either been re-established and/or refreshed. Many transversal lines on the eastern part have now been extended to the NW and SE. A total of 42 km of lines have been cut, picketed and surveyed with a GPS. This grid will be used for a new magnetic survey which will be started soon, and for other field work.
Since the beginning of May, the field geological team is now engaged in channel sampling several previous McKenzie Bay stripping areas in order to confirm the intersections of the mineralization and their grades. This new channel sampling, now in progress, can be considered as a horizontal twin hole. To date, this work is still ongoing.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Lac Dore Project under National Instrument NI 43-101.
Additional information, as it is available, will be contained on the Company's website at www.apellaresources.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
crookedneck
13 years ago
News Just Out!:
Apella Expands With New Ontario Vanadium-Iron-Titanium Discovery
Date : 10/24/2011 @ 12:40PM
Source : MarketWire
Apella Expands With New Ontario Vanadium-Iron-Titanium Discovery
Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN), is pleased to report the acquisition of a strategic new Canadian Vanadium-Iron-Titanium discovery situated near Timmins, Ontario. Apella's geology team have assessed the merits of the mineralization and setting of the Game Changer Project for its potential to mirror the already established merits of Apella's 100% owned Lac Dore, Lac Dore North and Iron-T deposits. Upon conclusion of the assessment, Dr. Derosier, P.Geo delivered his favourable conclusions to management and recommended the acquisition.
Apella's new Game-Changer Vanadium-Iron-Titanium Project was discovered by the prospecting team of R. Laviolette and G. Dumoulin while prospecting the Timmins region in May of 2011. The Game Changer is an assemblage of mineral claims which provide two distinct mineralized zones, each presenting excellent potential to host economic Vanadium-Iron-Titanium deposits. The two zones will be designated as the West Structure and East Structure for future reference.
The West Structure covers a 2 km long E-W oriented gabbro sill, which can be clearly delineated by the most recent airborne magnetic and electromagnetic survey carried out by the Ontario Geological Survey. The gabbro sill produces a very strong magnetic anomaly which is 300-400 m wide. In the field, the gabbro sill appears as a succession of elongated rounded hills with numerous outcrops of mineralization.
The Eastern Structure covers a NW-SE oriented magnetic anomaly which also corresponds to a 3 km long gabbro sill which is very similar to the sill of the Western Structure. Both are thought to be originating from the same magmatic event and they are now separated by one or several tectonic events.
The mineralization observed on-site during Dr. Derosier's due diligence procedure and subsequent study is very similar to the newly discovered Northwestern Zone situated on Apella's Iron-T Vanadium-Iron-Titanium Project just across the Quebec-Ontario border. Apella's Iron-T Project is part of the Bell River Complex which a large, layered intrusion of Archean age in Quebec's well-established Matagami mining camp. The Bell River Complex has been divided into three main zones: 1) the Basal Anorthosite Zone, 2) a layered Gabbro Zone, and 3) a zone consisting of apophyse and subsidiary intrusions (Granophyre/ Border Zone). On the Game Changer Project the basal anorthosite as well as the Border Zone have not yet been observed but could well exist.
The layered gabbro zone was observed and sampled during the due diligence carried out. This zone consisted of layers of disseminated to semi massive Fe-Ti V oxide rich gabbro and leucogabbro; as well as minor anorthosite and pyroxenite altered in amphibolite. Vanadium mineralization of the Egan Complex occurs within the Fe-Ti oxide rich horizons in the layered ferrogabbro zone of the upper part of the Complex. This horizon is well defined in the aeromagnetic survey maps by its high magnetic susceptibility.
Twelve grab samples were taken at different locations along the gabbro sill, by the prospector. Dr. C. Derosier, P.Geo and Apella's project QP took a further five grab samples. Two of Dr. Derosier's samples were taken on the same occurrences as the prospector's first samples, and three were taken at different locations. Results of the grab samples are listed as follows:
Prospector Grab Samples
---------------------------------------------------------------------------
Sample Number Fe2O3 % TiO2 V2O5 V2O5Eq
---------------------------------------------------------------------------
RL-01 28.22 % 3.91 % 0.34 % 0.56 %
---------------------------------------------------------------------------
RL-02 38.11 % 6.45 % 0.51 % 0.81 %
---------------------------------------------------------------------------
RL-03 20.09 % 2.26 % 0.18 % 0.33 %
---------------------------------------------------------------------------
RL-06 21.74 % 2.53 % 0.29 % 0.46 %
---------------------------------------------------------------------------
RL-07 30.93 % 4.73 % 0.49 % 0.51 %
---------------------------------------------------------------------------
RL-09 23.69 % 2.96 % 0.25 % 0.44 %
---------------------------------------------------------------------------
RL-10 49.79 % 8.68 % 0.76 % 1.15 %
---------------------------------------------------------------------------
RL-11 41.02 % 6.33 % 0.05 % 0.37 %
---------------------------------------------------------------------------
RL-12 22.74 % 2.80 % 0.03 % 0.21 %
---------------------------------------------------------------------------
RL-13 38.86 % 6.17 % 0.02 % 0.32 %
---------------------------------------------------------------------------
RL-14 21.55 % 2.38 % 0.02 % 0.19 %
---------------------------------------------------------------------------
RL-15 22.79 % 2.45 % 0.02 % 0.20 %
---------------------------------------------------------------------------
Samples above, taken from Apella's new Game Changer Project were assayed by the XRF method at Activation Laboratories Ltd., located in Timmins, Ontario.
Dr. C. Derosier, P.Geo, QP Due Diligence Samples
---------------------------------------------------------------------------
Sample Number Fe2O3% TiO2% V2O5% V2O5Eq %
---------------------------------------------------------------------------
171290 TBA TBA 0.27 % 0.48 %
---------------------------------------------------------------------------
171291 TBA TBA 0.39 % 0.70 %
---------------------------------------------------------------------------
171292 TBA TBA 0.20 % 0.36 %
---------------------------------------------------------------------------
171293 TBA TBA 0.30 % 0.54 %
---------------------------------------------------------------------------
171294 TBA TBA 0.15 % 0.27 %
---------------------------------------------------------------------------
Results for the other oxides ("TBA") have not been yet received and will be factored in at a later date, once available. Apella's samples are assayed by ALS-Chemex Ltd. in North Vancouver using the XRF method and ICP method for the other elements.
Apella's Iron-T deposit and this new Egan Complex discovery similarly hold a non-negligible portion of Magnetite and Titanium di-oxides. It is consequently important to determine the dollar value per tonne of the oxide contained in the mineralized zones as well as the cut-off grade. This cut-off grade is expressed as a percentage.
Note: In order to be consistent with the previous results released since 2010 for its Iron-T Project, Apella used the same metal prices for the Vanadium, Titanium and Iron as of June 14, 2010. Those prices are as follows:
-- Fe = 182 US$ per metric tonne (0.182 US$/kg);
-- TiO2 = 90 US$ per metric tonne (0.09 US$/kg);
-- V2O5 = 14,000 US$ per metric tonne (14 US$/kg).
The recovery of the oxides is also taken in account: Fe= 65%, TiO2= 65% and V2O5 = 75%, which give the following unitary prices: Fe= 118 US$/tonne, TiO2 = 59 US$/tonne and V2O5 = 105 US$/tonne.
Applying a factor equal to 1 to V2O5, factors of Fe and TiO2 are respectively 0.011 and 0.006.
The V2O5Eq is calculated using the following formula:
V2O5Eq = V2O5 + 0.011xFe+0.006xTiO2 = %
The Iron-T cut-off was estimated by SGS Geostat to 0.48% V2O5Eq which corresponds to a mining and milling cost totaling US$ 50.00. Consequently, all values above 0.48% V2O5Eq are considered as economic intersections or values.
Although the results are not complete, we already can see that the two grab samplings return almost the same V2O5 values, especially where twin samples were taken. Assays look very similar to those obtained by Apella on its 100% owned Iron-T Project during the last drilling program and more particularly on its newly discovered NW-SE Zone.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Apella Resources Inc.
W. Adrian Bakker
Vice President of Corporate Communications
604-683-8990 or Toll Free: 1-800-663-8990
604-683-8903 (FAX)
apella@apellaresources.com
www.apellaresources.com
johnsyn
13 years ago
Apella Resources Inc.: China & Lac Dore Update
Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF) is pleased to report that its recent participation in the Province of Quebec's trade delegation to China led by the honorable Jean Charest, Premier of the Province of Quebec has proven very fruitful. Apella met with key Chinese corporations in the cities of Beijing, Shanghai and Shenyang. Aside from being part of such a key trade delegation, Apella set up many of its own special meetings through key Chinese contacts Apella had developed in-house.
Over the busy week spent in China, Apella was able to present the merits and key attributes of its Lac Dore and Iron-T Vanadium-Iron-Titanium projects to the senior management teams of many of China's leading steel producers, vanadium producers and distribution channel participants. China's immense appetite for
the minerals contained in Apella's deposits was quite obvious. Visits to numerous domestic operations and facilities provided invaluable insight as to precisely why our rich deposits have garnered so much interest from China. It was quite clear that Chinese entities consider Apella's projects as premium and
very attractive when compared to the lower grade domestic deposits currently mined in China. Apella found the hospitality, insightful dialogue, and sincere interest in our plans afforded our company by senior representatives of such highly successful entities as Pangang Steel, Fortune Vanadium, Xiben, BHP
Billiton China and many others compelling. Discussions with regard to co-operation and participation in Apella's Lac Dore and Iron-T projects were both forthcoming and abundant. Apella has been invited back to China in November.
Since being awarded the Lac Dore claims in March of 2011, Apella has now completed its analysis of the data on the historic drilling and development at Lac Dore that led up to the pre NI-43-101 Feasibility Study completed in 2002-2003 by SNC-Lavelin. Apella's extensive compilation and review of historic drill-hole data has allowed Apella's geological team to identify all of its
Category 1 drill targets for its first phase of drilling and development for the well-known Lac Dore Vanadium-Iron-Titanium Deposit.
Now that the Lac Dore claims have been officially registered in Apella's name, Apella is now adding the Lac Dore Vanadium-Iron-Titanium project to its near-term drill and develop plans. The first phase of exploration at Lac Dore will be focused primarily on extensive diamond drilling with the express intent of confirming the known Lac Dore deposit as a NI 43-101 compliant resource.
The Lac Dore Complex is a Bushveld-type Archean layered mafic intrusion (Allard, 1976) located some 250 km due east of Matagami in the Chibougamau mining camp. The Lac Dore is an advanced Vanadium project; currently the largest vanadium deposit in North America, and the second largest in the world. It shows a
geological setting and vanadiferous mineralization similar to Apella's Iron-T Vanadium project. As opposed to South Africa's Bushveld Complex, where the majority of Vanadium produced globally is sourced, the thickness of the Lac Dore
Complex ranges from 50-200 times thicker. The Lac Dore also has several economic advantages, most notably that the ore is open- pitable thus much easier to extract, and the Lac Dore is in Canada one of the most politically safe countries in the world. "The Lac Dore Vanadium deposit at Chibougamau is
estimated to host 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at 0.65% V2O5" (Girard and Allard, 1998). Apella derived these details from the public domain and such details are noted as being non NI-43-101 compliant.
It should be noted that in accordance with present reporting requirements the potential quantity and grade is conceptual in nature, that there has been
insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in discovery of a mineral resource on the property. However, it should also be noted for clarification that historically the Lac Dore deposit was subject to a positive feasibility study in 2003 by
SNC-Lavelin for the production of V2O5. The reader is referred to the USA's EDGAR reporting system to access and review a copy of the McKenzie Bay International Ltd. Executive Summary of the Feasibility Study.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun &
Bradstreet Listed.
johnsyn
13 years ago
Drill Program Report: Apella Confirms Mineralization Along Entire 22.5 km Strike Length, Iron-T Vanadium-Iron-Titanium Project
Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased
to announce the results of 19 diamond drill holes (2,821 metres) of its Phase 4
exploration/development program on its Iron-T Vanadium-Iron-Titanium Project;
located 10 km southeast of Matagami, Quebec. The Iron-T continues to deliver
positive results.
Eleven of the holes completed in this phase, totaling 1,750 meters, are
considered development (infill) drill holes. They were positioned on four
transversal sections across the main mineralized zone already outlined by
previous drilling. These new infill holes, drilled at 50m intervals, now connect
several peripheral zones of mineralization, to Apella's main Genesis deposit on
the Iron-T. The peripheral zones of mineralization were not included in SGS's
May 19, 2011 NI-43-101 resource estimate, since they were considered
disconnected from the main zone. Apella's 2010 drill holes into these peripheral
zones returned significant grades and intersects of mineralization.
Three new significant mineralized zones running parallel to the main Genesis
zone have now been discovered and tested over three sections. It is anticipated
that these new zones will provide mineralized extensions in both the easterly
and westerly directions. These three sections plus one additional one cover the
eastern extension of the main Genesis deposit. As a result of these three new
mineralized zones, the mineralized layers including the Genesis zone now reach a
significant width approaching 200 metres. With this infill drilling Apella has
met its objective of joining these additional zones to its main Genesis orebody
and simultaneously increasing the tonnage significantly as well as permitting it
to classify some of the new resources in the measured category.
Table 1
--------------------------------------------------------------
Hole No. From m To m Length m V2O5% Fe % Ti % V2O5EQ %
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-40 93.00 95.50 2.50 0.12 18.46 1.92 0.34
--------------------------------------------------------------
96.75 101.75 5.00 0.21 21.50 3.10 0.46
--------------------------------------------------------------
106.16 109.94 3.78 0.29 24.33 3.72 0.58
--------------------------------------------------------------
This hole is located 50m south of Apella's Hole MA-10-28 which
earlier returned the following:
--------------------------------------------------------------
91.60 95.00 3.40 0.46 34.93 5.34 0.88
--------------------------------------------------------------
112.86 127.00 14.40 0.41 31.20 4.98 0.76
--------------------------------------------------------------
148.17 160.67 12.50 0.36 25.34 3.81 0.66
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-41 81.45 95.00 14.80 0.14 18.44 1.94 0.35
--------------------------------------------------------------
121.00 136.50 15.50 0.09 14.52 1.22 0.26
--------------------------------------------------------------
145.00 148.00 3.00 0.11 16.37 1.44 0.30
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-42 107.50 113.75 6.25 0.20 21.93 2.59 0.46
--------------------------------------------------------------
116.25 118.75 2.50 0.17 19.77 2.22 0.40
--------------------------------------------------------------
121.25 122.50 1.50 0.48 32.02 5.95 0.87
--------------------------------------------------------------
131.25 133.88 2.63 0.65 48.64 7.28 1.20
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-43 17.72 18.47 0.75 0.13 17.92 2.75 0.34
--------------------------------------------------------------
20.97 26.41 5.44 0.35 33.59 5.61 0.75
--------------------------------------------------------------
27.31 27.87 0.56 0.21 25.33 3.64 0.51
--------------------------------------------------------------
30.37 46.00 15.63 0.16 18.48 2.45 0.38
--------------------------------------------------------------
89.24 91.00 1.76 0.21 18.13 2.90 0.43
--------------------------------------------------------------
93.50 94.75 1.25 0.13 15.77 1.90 0.31
--------------------------------------------------------------
97.25 106.50 9.25 0.19 22.81 2.80 0.46
--------------------------------------------------------------
110.33 111.92 1.59 0.16 25.38 2.20 0.45
--------------------------------------------------------------
113.27 127.02 13.75 0.21 23.64 2.94 0.48
--------------------------------------------------------------
134.83 137.13 2.50 0.23 22.34 3.43 0.50
--------------------------------------------------------------
138.38 144.53 6.25 0.21 22.64 3.51 0.48
--------------------------------------------------------------
This hole was set-up 50m south of Apella hole MA-10-23 which
earlier returned the following:
--------------------------------------------------------------
47.18 92.05 44.87 0.57 44.63 8.39 1.11
--------------------------------------------------------------
105.50 109.30 4.80 0.31 24.02 3.67 0.59
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-44 23.26 34.61 11.35 0.11 20.79 2.24 0.36
--------------------------------------------------------------
25.11 56.51 11.40 0.21 22.12 3.71 0.48
--------------------------------------------------------------
57.76 69.35 11.59 0.39 40.40 6.56 0.88
--------------------------------------------------------------
74.23 83.06 8.83 0.46 43.83 8.27 0.99
--------------------------------------------------------------
84.08 144.45 59.84 0.39 36.41 6.47 0.83
--------------------------------------------------------------
147.05 50.80 3.75 0.13 17.58 1.69 0.33
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-45 71.46 72.46 1.00 0.14 20.06 2.53 0.38
--------------------------------------------------------------
This hole intersected a strong and thick NE trending fault
zone.
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-46 69.05 74.05 5.00 0.21 24.63 3.07 0.49
--------------------------------------------------------------
75.30 77.80 2.50 0.16 16.83 1.92 0.35
--------------------------------------------------------------
135.50 137.00 1.50 0.21 20.72 2.50 0.45
--------------------------------------------------------------
141.50 144.50 3.00 0.11 16.02 1.29 0.29
--------------------------------------------------------------
146.00 147.50 1.50 0.25 25.37 3.27 0.55
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-47 58.71 59.80 1.19 0.29 26.37 3.52 0.60
--------------------------------------------------------------
60.78 66.26 5.48 0.23 23.27 2.93 0.51
--------------------------------------------------------------
78.36 79.61 1.25 0.13 16.93 1.61 0.33
--------------------------------------------------------------
106.00 109.91 3.91 0.17 19.46 2.22 0.40
--------------------------------------------------------------
110.81 112.00 1.19 0.11 25.57 1.22 0.40
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-48 37.20 38.55 1.25 0.14 16.52 2.67 0.34
--------------------------------------------------------------
39.80 55.51 15.71 0.16 20.52 2.28 0.40
--------------------------------------------------------------
68.05 71.55 3.50 0.28 25.15 4.04 0.58
--------------------------------------------------------------
74.05 75.30 1.25 0.13 16.49 2.09 0.32
--------------------------------------------------------------
76.55 78.95 2.40 0.28 24.79 4.04 0.58
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-49 30.75 33.00 2.25 0.11 15.38 2.25 0.29
--------------------------------------------------------------
39.60 41.20 1.60 0.43 36.31 6.69 0.87
--------------------------------------------------------------
44.97 56.87 13.15 0.45 42.20 7.73 0.96
--------------------------------------------------------------
89.70 103.16 13.46 0.23 23.05 3.12 0.51
--------------------------------------------------------------
108.16 110.66 2.50 0.15 18.62 2.25 0.37
--------------------------------------------------------------
124.95 140.72 15.77 0.22 23.11 3.07 0.50
--------------------------------------------------------------
141.97 144.47 2.50 0.12 16.74 2.14 0.32
--------------------------------------------------------------
145.72 150.00 4.28 0.17 19.65 2.75 0.40
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-58 21.59 45.34 28.72 0.14 19.24 2.63 0.37
--------------------------------------------------------------
47.84 55.30 7.46 0.12 17.36 2.27 0.33
--------------------------------------------------------------
84.28 93.73 9.45 0.22 25.63 3.96 0.52
--------------------------------------------------------------
115.05 150.25 35.20 0.35 35.20 5.72 0.78
--------------------------------------------------------------
Note: Since the Iron-T deposit holds a non-negligible portion of Magnetite and
Titanium Dioxide. It is consequently important to determine the dollar value per
tonne of the oxide contained in the mineralized zones as well as the cut-off
grade. This cut-off grade is expressed as a percentage.
In order to be consistent with the previous results released since 2010, Apella
used the same metal prices for the Vanadium, Titanium and Iron as of June 14,
2010. Those prices are as follows:
Fe = 182 US$ per metric tonne (0.182 US$/kg);
TiO2 = 90 US$ per metric tonne (0.09 US$/kg);
V2O5 = 14,000.00 US$ per metric tonne (14 US$/kg).
The recovery of the oxides is also taken in account: Fe= 65%, TiO2= 65% and V2O5
= 75%, which give the following unitary prices: Fe= 118 US$/tonne, TiO2 = 59
US$/tonne and V2O5 = 105 US$/tonne.
Applying a factor equal to 1 to V2O5, factors of Fe and TiO2 are respectively
0.011 and 0.006.
The V2O5EQ is calculated using the following formula:
V2O5EQ = V2O5 + 0.011 x Fe+0.006 x TiO2 = %
The Iron-T cut-off was estimated by SGS Geostat to 0.48% V2O5EQ.
All values above this percentage are considered in the calculation of the resources.
One hole of the current Phase 4 drill holes (MA-11-57) has been set-up on the
eastern end of another mineralized zone referred to as "II Zone" which runs
parallel to the Genesis zone, about 50m north. This hole also represents part of
the current, systematic development drilling, planned for the main Genesis zone.
It forms part of the overall objective of increasing tonnage quickly and
substantially, and bringing the Genesis deposit to a measured and indicated
status as soon as possible.
Results of this hole are as follows:
Table 2
--------------------------------------------------------------
Hole No. From m To m Length m V2O5% Fe % Ti % V2O5EQ %
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-57 10.21 18.96 8.75 0.21 24.26 3.96 0.50
--------------------------------------------------------------
21.46 61.70 38.99 0.20 22.27 3.73 0.46
--------------------------------------------------------------
68.16 84.42 16.26 0.17 19.35 3.00 0.40
--------------------------------------------------------------
86.65 116.65 28.75 0.16 18.89 3.10 0.38
--------------------------------------------------------------
Two of the four mineralized layers intersected in Hole MA-11-57 are low grade
but since this II Zone is close to Genesis, they could be considered as
potential ore if this mineralized zone is systematically drill tested.
Another of the current drill holes (MA-11-56), 150m in length, was set-up on top
of a hill coinciding with a strong magnetic anomaly interpreted as the western
extension of the Genesis Deposit. On the slopes of this hill, several outcrops
discovered in 2010 by Apella, show disseminated oxides. This hole is located
about 1 km west of the western most hole (MA-10-37) drilled by Apella in 2010, a
hole which confirmed the extension of the main deposit in a NWN direction,
exactly as anticipated by Apella. Because of the steep topography and the
presence of frozen ground, it has not been possible to set- up the drill rig on
the northern edge of the magnetic anomaly. Apella has collared the hole at about
25m south of the recommended location, on top of the hill which coincide to the
highest magnetic readings.
Results of this drill hole are as follows:
Table 3
--------------------------------------------------------------
Hole No. From m To m Length m V2O5% Fe % Ti % V2O5EQ %
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-56 5.17 35.17 30.00 0.15 22.20 3.85 0.41
--------------------------------------------------------------
86.45 102.70 16.25 0.14 21.80 2.99 0.40
--------------------------------------------------------------
This mineralization needs to be tested at depth by a new hole to be set-up at
about 75 m north of MA-11-56, at the bottom of the hill.
All current drill holes bored to date have shown alternations of the gabbro with
disseminated to massive layers of magnetic oxides, which Apella finds very
encouraging. An interesting fact is the observed disseminated oxide layers are
much thicker than the semi-massive to massive layers. This indicates that the
mineralization should provide significant thickness enhancing compatibility for
open pit mining.
The drilling of the western extension of the Iron-T Project was aimed to
evaluate at depth a 5 km long magnetic axis which was confirmed by the 2010
surface magnetic survey. This magnetic axis is oriented NW exactly as also
detected in early airborne magnetic surveys flown between 1948 and 2007.
Although these significant magnetic signatures were clearly visible, this
magnetic axis has never been drill tested or even mapped until now. Six drill
holes totaling 921m in length were bored for the evaluation of the associated
magnetic layers. It is expected that these layers may add a significant resource
of Vanadium-Iron-Titanium mineralization to the overall Iron-T Project.
Achieving additional tonnage outside the main deposit in the Genesis Zone will
also demonstrate the consistency of the mineralization at depth along the 22.5km
strike length of the Iron-T Project. Drill holes have been set-up at about 1000
m intervals along this extension.
Results of this exploration program are as follows:
Table 4
--------------------------------------------------------------
Hole No. From m To m Length m V2O5% Fe % Ti % V2O5EQ %
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-50 Insignificant vanadium values
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-51 15.00 50.19 35.19 0.31 30.36 5.97 0.68
--------------------------------------------------------------
53.84 111.13 57.29 0.45 33.62 6.15 0.85
--------------------------------------------------------------
111.13 119.62 8.49 0.17 16.23 2.68 0.37
--------------------------------------------------------------
124.05 146.38 22.33 0.29 22.77 3.28 0.56
--------------------------------------------------------------
155.36 170.64 15.28 0.30 23.00 3.15 0.57
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-52 5.28 60.48 55.20 0.43 35.08 6.64 0.86
--------------------------------------------------------------
61.98 111.75 24.00 0.31 22.80 3.45 0.58
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-53 28.30 71.80 43.50 0.39 32.34 6.15 0.78
--------------------------------------------------------------
74.80 132.25 57.45 0.34 24.81 3.77 0.64
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-54 9.48 51.61 42.13 0.40 31.82 5.84 0.79
--------------------------------------------------------------
106.00 113.50 7.50 0.33 24.98 3.70 0.63
--------------------------------------------------------------
117.00 127.50 10.50 0.33 22.99 3.39 0.61
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-55 33.00 51.00 18.00 0.27 30.42 6.07 0.64
--------------------------------------------------------------
62.00 82.00 21.50 0.40 28.37 4.79 0.74
--------------------------------------------------------------
98.50 104.50 6.00 0.49 32.46 5.45 0.87
--------------------------------------------------------------
The drilling of this western extension of the Iron-T Project has confirmed the
presence of V-Fe-Ti mineralization has delineated by the 2010 surface magnetic
survey. However, this mineralization presents a significant difference with the
main Genesis zone. The V-Fe-Ti described as homogeneous heavily disseminated
(10-15%) iron oxides mineralization. The V2O5EQ percentage is homogeneous and
surprisingly slightly higher than the zones containing semi to massive layers.
Positive results of this exploration program warrant a systematic drilling
program at a 50m interval with a minimum of two drill holes per section.
This press release has been reviewed by Dr. Christian Derosier, P. Geo.,
Consulting Geologist and Qualified Person for the Iron-T project under National
Instrument 43-101.
Additional information is contained on the Company's website at
www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun &
Bradstreet Listed.
MWM
14 years ago
I'll simply repost this, the stock did not hold it's gains very well today but that might be a buying opp...
TGR: What are some other companies with vanadium projects?
CB: There is one in Canada called Apella Resources Inc. (TSX.V:APA; Fkft:NWN). I just started learning more about it. The company has two deposits in Quebec, one of which is the Iron-T iron/vanadium/titanium deposit. It has an inferred resource that's getting bigger as the company continues to drill. It's actually just in the early stages, putting together an NI 43-101 resource estimate this year. I'm interested to see what that will look like. But because the price of vanadium is making these projects economic, we're starting to see more of these companies poke their heads above water.
TGR: Apella's Lac Dore Vanadium Deposit is considered the second largest vanadium deposit in the world. But the geology there is somewhat different from American Vanadium's deposit in Nevada.
CB: Apella is a bit more focused on the Iron-T vanadium deposit than Lac Dore, even though Lac Dore is potentially one of the world's largest vanadium deposits. My understanding is that there's a disagreement at Lac Dore over staking, and Apella is working with the Quebec government to resolve the issues. But if that situation can be resolved favorably for Apella, this could be another one to watch.
TGR: How far is Apella from producing vanadium?
CB: The company tells me probably 36 months at Iron-T; it's got a long way to go. It needs to update the 43-101, and then the prefeasibility study, etc. But if Apella can keep moving forward and drilling, it will be one of the few companies with a major North American vanadium deposit to keep your eye on.
TGR: And there's some titanium in the Iron-T deposit, as well.
CB: Yes, Apella is billing Iron-T as an iron/vanadium/titanium deposit. I'm not sure about the grade of the titanium. I know the iron ore is about 30%, which isn't lights-out but it's nice to have. You really have two strategic metals there, which makes that deposit more economic.
http://house-mountain.com/wp-content/uploads/2011/01/Vanadium-Article.pdf
MWM
14 years ago
TGR: What are some other companies with vanadium projects?
CB: There is one in Canada called Apella Resources Inc. (TSX.V:APA; Fkft:NWN). I just started learning more about it. The company has two deposits in Quebec, one of which is the Iron-T iron/vanadium/titanium deposit. It has an inferred resource that's getting bigger as the company continues to drill. It's actually just in the early stages, putting together an NI 43-101 resource estimate this year. I'm interested to see what that will look like. But because the price of vanadium is making these projects economic, we're starting to see more of these companies poke their heads above water.
TGR: Apella's Lac Dore Vanadium Deposit is considered the second largest vanadium deposit in the world. But the geology there is somewhat different from American Vanadium's deposit in Nevada.
CB: Apella is a bit more focused on the Iron-T vanadium deposit than Lac Dore, even though Lac Dore is potentially one of the world's largest vanadium deposits. My understanding is that there's a disagreement at Lac Dore over staking, and Apella is working with the Quebec government to resolve the issues. But if that situation can be resolved favorably for Apella, this could be another one to watch.
TGR: How far is Apella from producing vanadium?
CB: The company tells me probably 36 months at Iron-T; it's got a long way to go. It needs to update the 43-101, and then the prefeasibility study, etc. But if Apella can keep moving forward and drilling, it will be one of the few companies with a major North American vanadium deposit to keep your eye on.
TGR: And there's some titanium in the Iron-T deposit, as well.
CB: Yes, Apella is billing Iron-T as an iron/vanadium/titanium deposit. I'm not sure about the grade of the titanium. I know the iron ore is about 30%, which isn't lights-out but it's nice to have. You really have two strategic metals there, which makes that deposit more economic.
http://house-mountain.com/wp-content/uploads/2011/01/Vanadium-Article.pdf
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