VanadiumCorp says Lac Dore is one of ‘largest and highest-grade vanadium resources in North America’

VanadiumCorp Resource (TSXV: VRB; US-OTC: APAFF) has released the first resource estimate for the Main zone at its wholly-owned Lac Dore vanadium project in northern Quebec, 27 km east-southeast of Chibougamau. “Our first mineral estimate exceeded our expectations and shows that Lac Dore is one of the largest and highest-grade vanadium resources in North America,” Adriaan Bakker, VanadiumCorp’s president and chief executive, said in an interview. VanadiumCorp plans to commence a prefeasibility study by year-end and complete it in the first quarter of 2021. Lac Dore contains measured and indicated resources of 214.93 million tonnes grading 0.4% vanadium pentoxide (V₂O₅), 27.1% iron, 7.1% titanium dioxide (TiO₂), and 24.6% magnetite for 2.12 billion contained lb. contained V₂O₅, 58.3 million tonnes of iron, and 15.2 million tonnes of TiO2. Inferred resources add 86.91 million tonnes grading 0.4% V₂O₅ , 28% iron, 7.6% TiO₂, and 25.9% magnetite for 850 million contained lb. V₂O₅ , 24.4 million tonnes of iron, and 6.6 million tonnes of TiO₂ .