Proactiveinvestors United Kingdom PacificOre Mining Proactiveinvestors United Kingdom PacificOre Mining RSS feed en Thu, 27 Jun 2019 05:14:28 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - PacificOre's geophysical survey confirms anomalies at Lac Dore deposit ]]>  

PacificOre Mining Corp (CVE:PC) (OTCQX:APAFF) has received the results of a recent surface geophysical survey over its Lac Dore vanadium-iron-titanium deposit in Quebec, confirming the presence of a significant magnetic anomaly. 

The magnetometric survey, carried out by Geosig, confirmed a 2.6 km long and 200 metre wide magnetic anomaly, which corresponds to the main Lac Dore iron-titanium-vanadium deposit - the object of SNC Lavalin's 2002 resource estimate. 

The junior explorer also noted in a statement late Friday that the survey showed a further 50 to 100 metre wide south branch originating from the main mineralized body, which has yet to be stripped and drill tested. 

The company said that if this "magnetically anomalous" zone proves to correspond to vanadium-bearing layers elsewhere, it could add a "significant volume of mineralized resources to the main Lac Dore ore body." 

The survey therefore confirms the previous interpretations of PacificOre's team, the company said, and the new branch will be added as a target area for the next drill program. 

The first drill program will allow the company to prepare for the commissioning of a pre-feasibility study. Additional drilling is required to bring the property to feasibility study level, as well as to calculate mineral reserves and start mine planning, PacificOre added. 

The planned drilling calls for 16 diamond drill holes for a total of 3,200 metres. Of these, 6 holes are planned to twin historic holes in order to cover the whole of the PacificOre’s Lac Doré deposits contained within the claims. 

The Lac Dore project consists of 42 contiguous mineral claims covering an area of 1.6 million acres located in the Rinfret and Lemoine townships, 70 kilometres south-east of the town of Chibougamau, Quebec.

The asset includes the 18 key claims awarded to PacificOre Mining in 2011 by the Quebec courts, which alone host the important eastern and western deposits - the two high-grade deposits from which McKenzie Bay International planned to extract its ore back in 2002.

PacificOre estimates, from various sources, that so far, more than $10 million has been spent by previous owners on the discovery and development of PacificOre’s Lac Dore deposit. This has allowed the company to assemble a comprehensive database of geologic data of the deposit on which it can move the project forward.


Tue, 18 Dec 2012 16:51:00 +0000
<![CDATA[News - PacificOre Mining appoints vanadium sector veteran Josh Kalter to advisory board ]]> Iron ore, vanadium and titanium miner PacificOre Mining Corp. (CVE:PC)(OTCQX:APAFF) announced the appointment of Josh Kalter to the company’s advisory board Wednesday.

"Josh is one of the Vanadium sector’s foremost leaders," said the chairman of PacificOre, Prestige Mining and Power Vanadium, Patrick D. O’Brien.

"His participation in our goal of bringing the Lac Dore and Iron-T projects to production is a key strategic move as we now move to build a very strong global team. Other very key international appointments are pending."

Shares were up 16.67 per cent to 7 cents Wednesday afternoon.

Kalter brings PacificOre and its subsidiaries, Prestige Mining, and Power Vanadium, experience and contacts as PacificOre is in the process of strengthening its management and advisory team.

Kalter purchased the operations of Canada’s Masterloy Products company in April 2010.

The company converts vanadium and molybdenum oxides into ferrovanadium and ferromolybdenum, respectively. The plant has a history of supplying the steel industry with its ferroalloy needs.

In January 2009, Kalter began an investment banking group for The Dalmore Group that raises funds for junior mining operations across the globe. Prior to this, in May 2004, he established Network Metals, a metals, ores, and alloys import and distribution company.

He has experience with the set-up and management of hedging programs for LME and Comex - matched with physical trading of non-ferrous metals and concentrates.

He has also worked in New York and London for international commodity firms, Philipp Brothers and Metallgesellschaft.

"The Iron T and Lac Dore projects offer the markets intriguing possibilities and I am happy to lend my expertise towards bringing those projects into production," said Kalter.

PacificOre owns and controls a number of vanadium assets in North America. The company changed its name at the end of May from Apella Resources.

The move was part of the company's global corporate strategy to boost its marketability and branding worldwide.

The company said the aim is to "clearly distinguish the company from existing and potential competitors in the iron ore, vanadium and titanium space."

Earlier this year, the miner decided on a strategy of placing three of its vanadium-iron-titanium assets - the Lac Dore/Lac Dore North project, the Iron-T project and the Game Changer project - into wholly-owned subsidiaries dedicated primarily to that particular asset.

In April, PacificOre announced that exploration work at its Lac Dore iron-titanium and vanadium property was progressing right on schedule.

The Lac Dore project consists of 42 contiguous mineral claims covering an area of 1.6 million acres located in the Rinfret and Lemoine townships, 70 kilometres south-east of the town of Chibougamau, Quebec.

The company expects the first phase or two of diamond drilling, upon completion, to bring the Lac Dore Project to pre-feasibility study level.

Fri, 20 Jul 2012 14:01:00 +0100
<![CDATA[News - 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.

Fri, 20 Nov 2009 09:23:00 +0000