Regency Mines to restart exploration at the Dempster vanadium project in August

Regency Mines has a broad portfolio of exploration and development assets

Regency Mines PLC -

Regency Mines PLC (LON:RGM) has said it is initiating exploration for the 2020 season at the 50%-owned Dempster vanadium project in Canada.

The programme will include a soil and geochemistry program, and the reprocessing of a suite of existing core pulps for indications of major oxides and carbon, both of which would be highly correlated with elevated vanadium results.

The company anticipates being in a position to drill in 2021.

“We are delighted, together with our JV partners, to have approved the mobilisation of a team of geologists to conduct soil sampling and mapping activities this summer at our Dempster Vanadium project in the Yukon,” Regency chief executive Scott Kainz said in a statement. 

“This effort is in line with our battery metal exploration activities, where relatively small amounts of expenditure can often have disproportionate benefits for the company. A portion of these activities will be performed in collaboration with a Ph.D. candidate at the Department of Earth and Planetary Sciences of McGill University in Montreal, Canada, with the project benefiting from this in-kind research."  

Previous work has confirmed that the shales underlying the property contain significant vanadium over broad stratigraphic intervals.  The best results include 0.39% V205 over 75.9 metres, 0.32% V205 over 38.2 metres and 0.39% V205 over 90.16 metres. 


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