leadf
logo-loader
viewCorcel

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. 

 

Quick facts: Corcel

Price: 1.175 GBX

LSE:CRCL
Market: LSE
Market Cap: £2.23 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Corcel named herein, including the promotion by the Company of Corcel in any Content on the Site, the Company receives from said issuer annual...

FOR OUR FULL DISCLAIMER CLICK HERE

Regency Mines CEO discusses new storage and solar opportunity and latest at...

Regency Mines PLC's (LON:RGM) CEO Scott Kaintz discusses with Proactive London's Andrew Scott the acquisition of a 50% interest in Weirs Drove Development Ltd (WDD) - a developer of energy storage and solar projects in the United Kingdom. Kaintz also reports on a positive outcome from the...

on 20/7/20

2 min read