(via TheNewswire)
- Project comes funded and with permitted and approved NOW for a drill program.
- Historic drilling and metallurgical test work already completed.
- Vanadium bearing magnetite rich deposit, easily magnetically concentrated,
- Simple iron sources are currently much in demand.
- Vanadium is a strategic mineral used in the manufacture of large-scale storage batteries.
The Vanadium Ridge Property (the “Property”) consists of 20 mining claims, covering over 5,200 acres, situated 40 minutes by road from
A preliminary diamond drill program was completed in
Initial metallurgical testing of the magnetite/vanadium samples by ALS,
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Figure 1 - Assays results from rock samples taken from the Vanadium Ridge anomaly. Assaying completed in 2009 at a specialized iron ore division of
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Figure 2 - Crushed and magnetically separated concentrates from all composite samples average > 67% Fe (>93% Magnetite). Concentrating the mineralized material was completed in 2009 using DTR (Davis Tube Recovery) by the
Imbue agrees to
- 50% owned – 5,213 acres – 20 claims
- 50km north of
Kamloops .- Airborne magnetic survey detected an intense magnetic anomaly. A vanadium-rich magnetite bearing large intrusion was subsequently discovered.
- Preliminary diamond drilling discovered multiple massive magnetite seams and pods. All drill holes intersected broad intervals of disseminated magnetite mineralization amenable for concentration.
- Initial metallurgical testing of the magnetite / vanadium produced concentrate averaging 67% iron, 93% magnetite, and 0.74% vanadium.
- Metallurgical testing indicate that the magnetite is coarse-grained, soft, and that silica is not bound in magnetite. Crushing produces a good liberation of silica at 106 microns resulting in a high-grade magnetite concentrate even in samples with disseminated magnetite.
- Logistics are excellent: Rail, high power transmission lines and a highway run through the property. It is located just over 300 km from a shipping port in
Vancouver, B.C.
Disclosure: The preliminary diamond drill program, initial metallurgical testing and aerial surveys conducted on the Vanadium Ridge Property are historical and they should be considered as such as defined by NI 43-101 Standards of Disclosure for Mineral Projects.
ON BEHALF OF THE BOARD OF DIRECTORS OF
Chief Executive Officer and President
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