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Market: TSX-V
Sector: General Mining - Iron Ore and Bauxite
EPIC: APA
Latest Price: C$0.10  (0,00%)
52-week High: C$0.28
52-week Low: C$0.09
Market Cap: C$13.21M
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Apella Resources Inc.
www.apellaresources.com

Apella Resources Inc. 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, Apella has placed itself at the forefront of worldwide Vanadium development. Apella’s projects are located in the Canadian province of Quebec.

Full Apella Resources Inc. profile here
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Apella Resources forms Power Vanadium to develop its Vanadium-iron-titanium projects

20th Nov 2009, 9:23 am Apella Resources forms Power Vanadium to develop its Vanadium-iron-titanium projects

Apella Resources Inc (TSX-V: APA) said it has formed wholly-owned subsidiary Power Vanadium Corp which will be positioned as a pure vanadium-iron-titanium entity to hold and operate Apella's Iron-T, Lac Dore and Lac Dore North interests, all located in Quebec province.

Power will provide Apella with a vehicle within which Apella can finance, operate, and develop its iron-vanadium-titanium projects without significant affect on the other gold, copper and nickel assets within Apella.

The Lac Dore North iron-vanadium-titanium project encompasses 18 claims covering an area of approximately 741 acres over a strike length of approximately 3.0 kilometers, covering the northeast extension of the 5.5 billion pound Lac Dore vanadium deposit. Apella carried out an extensive channel sampling program on the Lac Dore North and followed this up with line cutting, geophysics and diamond drilling from which it is awaiting a report on some 250 drill core assays processed by ALS-Chemex laboratories in Canada and Perth, Australia.

The Iron-T iron-vanadium-titanium project has been the subject of channel sampling, mapping and diamond drilling by Apella. The Iron-T is located near the mining town of Matagami, Quebec. The project totals 134 mineral claims of 10,600 acres and a strike length of 16 kilometres. Apella has carried out extensive trenching and targeted diamond drilling on the Iron-T. Work has now confirmed the presence of significant vanadium, titanium, and iron mineralization.

Apella said its Canada based projects present an exceptional and rare opportunity to create a stable and reliable North American source and supply for vanadium, vanadium enriched magnetite iron ore, vanadium pentoxide, and titanium. This would be in addition to the opportunities of providing the vast developing markets of China, India, the Far-East and Europe with ship-ready magnetite iron ore, already enriched with vanadium, at a significant price premium for their steel production, it added.

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