Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
PacificOre Mining
www.pacificoremining.com
Deal PacificOre Mining Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Recently dubbed 'the electric metal', Vanadium is an essential element in high-quality steel and also has a bright future in energy storage and green technology. With exceptional projects located in the world's best place to mine, PacificOre holds the key to securing a stable Canadian supply of Vanadium for years to come. 

Pdf

Apella Resources reports on exploration efforts at Lac Dore North Vanadium Project

Apella Resources (TSX.V: APA; Frankfurt: NWN) reported further encouraging results from the company’s ongoing exploration efforts at the Lac Dore North vanadium project in northern Quebec, which is located in close proximity to the Lac Dore Vanadium-Iron-Titanium deposit.

The junior exploration and development company released preliminary results from the Phase I diamond drilling program at Lac Dore North, which were “indicative of a rare, high grade and mineable vanadium deposit”. The 2009 Phase 1 diamond drilling and 2009 channel sampling programs were carried out from July to September, when a total of 993 meters was collared.  Four holes tested a 100 meter extension of the iron oxide mineralisation stripped and cleared by Apella in the third quarter of 2008, while one hole was collared 120 metres south-southwest of the stripping area to test the Mackenzie Bay’s 1998 iron oxide mineralization originally recorded in drill hole MKB-01-02.  A further three holes tested for stratigraphic extensions over an 1850 metre area indentified through an airborne magnetic survey previously completed by Apella.

The best assay results were obtained over the area Apella had earlier stripped.  These holes returned values between 0.46% V2O5 to 0.64% V2O5 over lengths varying from 0.71m to 5.28m along core length in hole LDN-09-01, while hole LDN-09-04 recorded 0.46% V2O5 over 0.79m and hole LDN-09-06 returned 0.47% V2O5 over 4.25m and 0.45% V2O5 over 0.50m.

“The mineralized Fe2O3, TiO2, and V2O5 zones in the Lac Dore North area are commonly multi-layered in nature. Due to folds and other characteristics the mineralized intersections Apella would expect to encounter are characterized by short multiple intersections of mineralization, layered throughout the core,” the company stated. “Long continuous intersections of mineralization are not the norm in this area.”


With the additional information collected from the Phase I drilling campaign, Apella now intends to refine the next round of diamond drilling to target the most favourable target areas.

 “This is an outstanding start to our development of the Lac Dore North project. Due to its proximity to the well-known Lac Dore Vanadium-Iron-Titanium deposit, we feel this drilling program has confirmed the extension of this unique formation,” stated Patrick O’Brien, CEO of Apella. “We are in the process of compiling as much precise geological data as possible at this early stage. We consider vanadium to be one of the world’s most important elements, given its steel strengthening properties and bright future in energy storage.”

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.