Mr. Paul Cowley reports
FIRST VANADIUM RESUMES DRILLING ON ITS GOLD TARGET IN THE CARLIN GOLD TREND, NEVADA
First Vanadium Corp. has resumed reverse circulation drilling on its gold target below the vanadium resource on its Carlin vanadium-gold property on the Carlin gold trend in Nevada. The gold target was identified by renowned geologist and mine finder Dave Mathewson, a former Newmont regional exploration manager who is the company's geological adviser and is the qualified person spearheading and supervising the gold drilling program.
On Nov. 2, 2020, the company announced that, from its first reverse circulation drill hole, it had confirmed the presence of a large-scale Carlin-type gold system on the property. On the strength of those results, drilling has resumed with multiple holes planned, now shifting to assess the extent and intensity of the system, and to begin vectoring toward its heart. The drilling will apply Mr. Mathewson's gold model shown in the Nov. 2, 2020, press release.
About First Vanadium Corp.
First Vanadium has an option to earn a 100-per-cent interest in the Carlin vanadium project, located in Elko county, six miles south from the town of Carlin, Nev., and Highway I-80. The Carlin vanadium project hosts the Carlin vanadium deposit. A positive preliminary economic assessment on the vanadium resource was announced May 11, 2020.
Approximately nine million ounces comprising multiple gold deposits, including past-producing mines, are present near the First Vanadium property (five to 15 kilometres). The gold target on the First Vanadium property is supported by compelling science: a north-south structure with coincident gravity high and a two-kilometre-by-600-metre Carlin deposit-type hydrothermal alteration system (dolomite, gold, pathfinder metals, silicification) on the First Vanadium property -- all very typical of Carlin deposit-type plumbing system and gold deposits.
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