02:04:40 EST Thu 26 Nov 2020
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Vanadiumcorp Resource Inc
Symbol VRB
Shares Issued 288,551,120
Close 2020-06-16 C$ 0.05
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Vanadiumcorp hires CSA for Lac Dore resource estimate

2020-06-17 09:53 ET - News Release

Mr. Adriaan Bakker reports

VANADIUMCORP TO COMMENCE A MAIDEN MINERAL RESOURCE ESTIMATE FOR THE LAC DOR VANADIUM PROJECT, QUEBEC

Vanadiumcorp Resource Inc. has engaged Vancouver-based mining consulting firm CSA Global to carry out a mineral resource estimate on the company's Lac Dore vanadium property. Work on the mineral resource estimate is expected to commence as soon as the complete assay results from the two remaining drill holes from the summer-fall 2019 infill and extension drilling program (total of 37 holes) are received. The maiden mineral resource estimate for the Lac Dore vanadium property will be prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

CSA Global (an ERM Group company) is an international mining consulting company that provides technical and expert services, training, and independent corporate advice to public and private mining companies, financial and legal groups. CSA has provided services to clients across all mineral commodities and regions globally for over 35 years. The work on the mineral resource estimate will be led by Dr. Luke Longridge, a senior structural and economic geologist with CSA Global. Dr. Longridge has extensive experience exploring for and developing vanadiferous titanomagnetite deposits, having formerly worked as exploration manager for Bushveld Minerals before moving to Canada. Dr. Longridge is a registered professional geoscientist (PGeo) in British Columbia and Quebec.

Adriaan Bakker, president and chief executive officer of Vanadiumcorp, states: "We are pleased to have engaged CSA Global to prepare the maiden mineral resource estimate (MRE) for our Lac Dore vanadium property. The MRE is an important piece of work that will be required by the company to advance the project onto the preliminary economic assessment, the next stage of the resource appraisal process. We look forward to CSA Global completing the maiden MRE for Lac Dore by year-end 2020."

About Vanadiumcorp Resource Inc.

Vanadiumcorp is an integrated technology and mining company focused on developing an exclusive clean energy storage supply chain with XRG vanadium redox flow battery technology, jointly owned process technology, and its wholly owned and strategic vanadium resource base in mining-friendly Quebec, Canada.

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