VanadiumCorp, ehemals PacificOre Mining - 500 Beiträge pro Seite
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ID: 1.140.822
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APELLA LAUNCHES DRILL PROGRAM ON TOUCHDOWN GOLD PROJECT
17 Apr 2008 - 11:30am
Apella Resources Inc. (TSX.V Symbol - (APA); Frankfurt Symbol - (NWN), and its Board of Directors are pleased to announce that the Company is commencing a 2,500 to 3,000 meter diamond drill program consisting of approximately 10 holes, on its wholly owned Touchdown Gold project. The company will be drilling targets identified in its recent compilation and assessment of the Companies Crone Pulse EM Surface survey coupled withthe recent Government of Quebec’s (GSC) Airborne MEGATEM Survey.
The Touchdown is part of Apella’s Chibougamau Assemblage, and is located near the town of Chapais, in central Quebec. In 1987, Minnova Inc. reported a drill defined resource estimate of 163,295 tonnes grading 5.83 g/t gold on the property. Apella is not treating the historical resource estimate as a National Instrument 43-101 defined resource for reserves verified by a qualified person and the historical resource estimate should not be relied upon. The reported drill defined resource is included in this press release for illustrative purposes only and should not be disclosed or interpreted out of context.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its NEW website at http://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
17 Apr 2008 - 11:30am
Apella Resources Inc. (TSX.V Symbol - (APA); Frankfurt Symbol - (NWN), and its Board of Directors are pleased to announce that the Company is commencing a 2,500 to 3,000 meter diamond drill program consisting of approximately 10 holes, on its wholly owned Touchdown Gold project. The company will be drilling targets identified in its recent compilation and assessment of the Companies Crone Pulse EM Surface survey coupled withthe recent Government of Quebec’s (GSC) Airborne MEGATEM Survey.
The Touchdown is part of Apella’s Chibougamau Assemblage, and is located near the town of Chapais, in central Quebec. In 1987, Minnova Inc. reported a drill defined resource estimate of 163,295 tonnes grading 5.83 g/t gold on the property. Apella is not treating the historical resource estimate as a National Instrument 43-101 defined resource for reserves verified by a qualified person and the historical resource estimate should not be relied upon. The reported drill defined resource is included in this press release for illustrative purposes only and should not be disclosed or interpreted out of context.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its NEW website at http://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
CRONE’S PULSE EM SURFACE SURVEY RESULTS
16 Apr 2008 - 8:00am
Apella Resources Inc. (TSX.V Symbol - (APA); Frankfurt Symbol - (NWN), and its Board of Directors are pleased to announce the results obtained from the Crone Pulse EM Surface
survey carried out on its Touchdown Property which is part of the company's Chibougamau Assemblage located in the Chapais area, Province of Quebec. These results which are detailed in the following paragraphs, added to a recent compilation of all geological data, including the underground exploration work, permit to justify an aggressive drilling program which will be undertaken as soon as a drill rig is available. The equipment used for the surface survey was a Crone Pulse EM Surface system and for the drill hole survey, was a 3D borehole Pulse EM.
The survey was conducted to confirm the presence of three Megatem anomalies and to test the extension at depth of previous EM conductors picked-up by past owners of the
claims. Three large loops were designed to provide good coupling to steeply dipping structures and to ensure that any targets of interest within the survey area would be well energized.
Conductor 1A exhibits high conductivity and would rank as a very high priority massive sulphide target. This conductor is associated with felsic volcanic rocks which extend along the northern shore of Laura Lake. Top of the conductor anomaly is suggested at a depth of 200m with a conductance in excess of 100S.
Conductor 2A was picked-up on three consecutive lines (300 m). A short wavelength response indicated a near surface source (25 - 50 m) with an excellent conductivity. Conductors 3A and 4A were rated as low priority.
Six diamond drill holes were tested with the 3D borehole Pulse EM. Results of this survey appear somewhat complex, but several discrete anomalous sources are readily evident in hole TD7-1. Holes TD7-2 and TD7-3 show subtle build-up in the middle and near the end suggesting the presence of conductors located beyond the end of the hole.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, MSc, DSc, geology.
Apella invites the public to visit its NEW website at http://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON
BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick
D. O'Brien - Chairman
S.E.C.Exemption12(g)3-2(b) File
No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
16 Apr 2008 - 8:00am
Apella Resources Inc. (TSX.V Symbol - (APA); Frankfurt Symbol - (NWN), and its Board of Directors are pleased to announce the results obtained from the Crone Pulse EM Surface
survey carried out on its Touchdown Property which is part of the company's Chibougamau Assemblage located in the Chapais area, Province of Quebec. These results which are detailed in the following paragraphs, added to a recent compilation of all geological data, including the underground exploration work, permit to justify an aggressive drilling program which will be undertaken as soon as a drill rig is available. The equipment used for the surface survey was a Crone Pulse EM Surface system and for the drill hole survey, was a 3D borehole Pulse EM.
The survey was conducted to confirm the presence of three Megatem anomalies and to test the extension at depth of previous EM conductors picked-up by past owners of the
claims. Three large loops were designed to provide good coupling to steeply dipping structures and to ensure that any targets of interest within the survey area would be well energized.
Conductor 1A exhibits high conductivity and would rank as a very high priority massive sulphide target. This conductor is associated with felsic volcanic rocks which extend along the northern shore of Laura Lake. Top of the conductor anomaly is suggested at a depth of 200m with a conductance in excess of 100S.
Conductor 2A was picked-up on three consecutive lines (300 m). A short wavelength response indicated a near surface source (25 - 50 m) with an excellent conductivity. Conductors 3A and 4A were rated as low priority.
Six diamond drill holes were tested with the 3D borehole Pulse EM. Results of this survey appear somewhat complex, but several discrete anomalous sources are readily evident in hole TD7-1. Holes TD7-2 and TD7-3 show subtle build-up in the middle and near the end suggesting the presence of conductors located beyond the end of the hole.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, MSc, DSc, geology.
Apella invites the public to visit its NEW website at http://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON
BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick
D. O'Brien - Chairman
S.E.C.Exemption12(g)3-2(b) File
No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
APELLA COMMENCES GEOPHYSICS PROGRAM ON LOST ISLAND PROJECT
11 Apr 2008 - 12:00pm
Vancouver, BC - Friday, April 11th 2008, 12:00 p.m. PDT
Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN), and its Board of Directors are pleased to announce that the Company has completed twenty-four kilometers of line cutting and a cut line grid on its Lost Island Project in Chibougamau, Quebec. Apella has now commenced a Geophysical program on the Lost Island property, to investigate various gold showings/anomalies that were previously identified using an Airborne Magnetic Survey.
The Lost Island Project is ideally situated on the southern shore of Lac Merrill and is easily accessible by service road from highway 113 and highway 167. These claims include a government soil geochemistry anomaly of 140 ppb Au and two copper showings. The Company is now in the process of compiling and interpreting all of its results to date in order to establish a timetable for follow-up exploration, which is expected to include diamond drilling.
Apella invites the public to visit its NEW website at http://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
11 Apr 2008 - 12:00pm
Vancouver, BC - Friday, April 11th 2008, 12:00 p.m. PDT
Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN), and its Board of Directors are pleased to announce that the Company has completed twenty-four kilometers of line cutting and a cut line grid on its Lost Island Project in Chibougamau, Quebec. Apella has now commenced a Geophysical program on the Lost Island property, to investigate various gold showings/anomalies that were previously identified using an Airborne Magnetic Survey.
The Lost Island Project is ideally situated on the southern shore of Lac Merrill and is easily accessible by service road from highway 113 and highway 167. These claims include a government soil geochemistry anomaly of 140 ppb Au and two copper showings. The Company is now in the process of compiling and interpreting all of its results to date in order to establish a timetable for follow-up exploration, which is expected to include diamond drilling.
Apella invites the public to visit its NEW website at http://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
APELLA RESOURCES SIGNIFICANTLY INCREASES LAC DORE VANADIUM INTERESTS
2 Apr 2008 - 7:30am
Vancouver, BC - Wednesday, April 2nd 2008, 7:30 a.m. PDT
Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN), and its Board of Directors are pleased to announce that the Company has acquired 30 additional mining claims in the Lac Dore Vanadium camp, increasing its Lac Dore interests by 60%.
One of the claims acquired, hosts a historical drill hole (DDH-13), pre NI 43-101 figures, that contained two significant, key mineralized intersections as follows:
· First key intersection: 40.18 meters long ran from 2 meters below surface to the 42 meter mark. It assayed 0.45% (V205) Vanadium Pentoxide and 7.09% (Ti02) Titanium Oxide over the 40.18 meters.
· Second key intersection: 98.00 meters long ran from the 85 meter mark to the 183 meter mark. It assayed 1.32% (V205) Vanadium Pentoxide and 8.05% (Ti02) Titanium Oxide over the 98.00 meters.
Included in these new interests are also 12 claims acquired to incorporate the potential for Platinum and Palladium which, like the Bushveld in South Africa, is commonly found to be associated with Vanadium deposits.
Apella has established itself at the forefront of North American vanadium exploration and development. The Company is committed to a strategic goal of attaining production through decisive acquisition and development. To date, North America has no primary sources of Vanadium production but Apella is poised to become the first.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, MSc, DSc, geology.
Apella invites the public to visit its NEW website at http://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
2 Apr 2008 - 7:30am
Vancouver, BC - Wednesday, April 2nd 2008, 7:30 a.m. PDT
Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN), and its Board of Directors are pleased to announce that the Company has acquired 30 additional mining claims in the Lac Dore Vanadium camp, increasing its Lac Dore interests by 60%.
One of the claims acquired, hosts a historical drill hole (DDH-13), pre NI 43-101 figures, that contained two significant, key mineralized intersections as follows:
· First key intersection: 40.18 meters long ran from 2 meters below surface to the 42 meter mark. It assayed 0.45% (V205) Vanadium Pentoxide and 7.09% (Ti02) Titanium Oxide over the 40.18 meters.
· Second key intersection: 98.00 meters long ran from the 85 meter mark to the 183 meter mark. It assayed 1.32% (V205) Vanadium Pentoxide and 8.05% (Ti02) Titanium Oxide over the 98.00 meters.
Included in these new interests are also 12 claims acquired to incorporate the potential for Platinum and Palladium which, like the Bushveld in South Africa, is commonly found to be associated with Vanadium deposits.
Apella has established itself at the forefront of North American vanadium exploration and development. The Company is committed to a strategic goal of attaining production through decisive acquisition and development. To date, North America has no primary sources of Vanadium production but Apella is poised to become the first.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, MSc, DSc, geology.
Apella invites the public to visit its NEW website at http://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
Trading Spotlight
hey, 30% plus an einem tag, wer weis was darüber?
Antwort auf Beitrag Nr.: 34.340.807 von gobu am 20.06.08 13:22:49Muß man nur auf der Homepage nachlesen. Die haben wohl zusätzliche Claims in dem Vanadium-Projekt zugesprochen bekommen. Und alten Informationen nach soll dieses Vanadium-Vorkommen das 2.größte auf der Welt sein.
Antwort auf Beitrag Nr.: 34.340.807 von gobu am 20.06.08 13:22:49Muß man nur auf der Homepage nachlesen. Die haben wohl zusätzliche Claims in dem Vanadium-Projekt zugesprochen bekommen. Und alten Informationen nach soll dieses Vanadium-Vorkommen das 2.größte auf der Welt sein.
Ich habe letzte woche ein ganz interessante Gespräch mit dem Vize Präsident Adrien O`Brien gehabt.
Infolge dessen habe ich mir eine kleinere Posi ins Depot geholt. Auch wenn für mich noch einige Risiken zu erkennen sind, überwiegen meiner meinung nach die Argumente für einen spekulativen kauf.
Laut Mr. O`brien sind momentan ca. 102.000.000 Aktien und Warrents (fully diluted) ausstehend, was dann einer MK von ca. 15 millionen Can Dollar entspricht.
Desweiteren haben sie, unter anderem aus einem Claimverkauf ca. 2,3millionen Cash on Hand + Aktien und Warrents von Goldbrooks, ich meine ca. 2millionen Aktien + 1,5 millionen Warrents.
Ältere Financials sind auf SEDAR einsehbar.
Und nun wirds spannend, Apella ist die ehemalige Novawest, laut Mr. O`Brien, ist die Firma schon über 10 Jahre in Quebec und Ontario tätig gewesen.
Die Claims in Ontarion, sind in die Spin off company pro minerals eingebracht worden.
- Lac Dore und Iron T haben wohl wirklich das potential ein top Vanadium Project zu werden, ähnlich gute Grades wie bei Largo.
Man sehe sich nur mal Largo Resources und die Performance die letzten Wochen an, wenn die Angaben von Apella stimmen, dann hat apella 10 mal mehr im Boden als Largo bei ihrem Marcaras project. Und dass bei grades die auch über 1% V205
liegen.
Zitat website Apella: „The deposit contains inferred mineable vanadium pentoxide resources of about 5.5 billion pounds” laut Mr. O`Brien leicht abbaubar.
Dazu nochmal das iron t project.
Ein Analyst schreibt zu Largo und deren Marcaras Prospect:
Bullish prices and sustained demand are good news for Largo in light of its recently announced ferrovanadium off-take agreement with Glencore, whereby Glencore agreed to buy Maracas’ production at a discount to spot prices (see our note from May 15, 2008) for six years with an additional six year option. Current prices are well above our long-term ferrovanadium price assumption of $23 per kilogram, which we used in our cash-flow model of the Maracas Project. Below is a table summarizing the NPVPS (fully financed) sensitivity to the ferrovanadium price assuming a 5 million kg of ferrovanadium per year production scenario. Note that this scenario is better than the 4 million kgs per year we used to generate our original NAV and $1.75/share target. Our original NAV incorporated a risk adjusted value for the incremental production assuming a 15% probability of success in ramping production from 4 million to 5 million kgs. For ease of comparison we have re-run our model at the estimated 5 million kgs per year ferrovanadium production.”
Vanadium scheint also wirklich interessant!
More information coming soon...
Infolge dessen habe ich mir eine kleinere Posi ins Depot geholt. Auch wenn für mich noch einige Risiken zu erkennen sind, überwiegen meiner meinung nach die Argumente für einen spekulativen kauf.
Laut Mr. O`brien sind momentan ca. 102.000.000 Aktien und Warrents (fully diluted) ausstehend, was dann einer MK von ca. 15 millionen Can Dollar entspricht.
Desweiteren haben sie, unter anderem aus einem Claimverkauf ca. 2,3millionen Cash on Hand + Aktien und Warrents von Goldbrooks, ich meine ca. 2millionen Aktien + 1,5 millionen Warrents.
Ältere Financials sind auf SEDAR einsehbar.
Und nun wirds spannend, Apella ist die ehemalige Novawest, laut Mr. O`Brien, ist die Firma schon über 10 Jahre in Quebec und Ontario tätig gewesen.
Die Claims in Ontarion, sind in die Spin off company pro minerals eingebracht worden.
- Lac Dore und Iron T haben wohl wirklich das potential ein top Vanadium Project zu werden, ähnlich gute Grades wie bei Largo.
Man sehe sich nur mal Largo Resources und die Performance die letzten Wochen an, wenn die Angaben von Apella stimmen, dann hat apella 10 mal mehr im Boden als Largo bei ihrem Marcaras project. Und dass bei grades die auch über 1% V205
liegen.
Zitat website Apella: „The deposit contains inferred mineable vanadium pentoxide resources of about 5.5 billion pounds” laut Mr. O`Brien leicht abbaubar.
Dazu nochmal das iron t project.
Ein Analyst schreibt zu Largo und deren Marcaras Prospect:
Bullish prices and sustained demand are good news for Largo in light of its recently announced ferrovanadium off-take agreement with Glencore, whereby Glencore agreed to buy Maracas’ production at a discount to spot prices (see our note from May 15, 2008) for six years with an additional six year option. Current prices are well above our long-term ferrovanadium price assumption of $23 per kilogram, which we used in our cash-flow model of the Maracas Project. Below is a table summarizing the NPVPS (fully financed) sensitivity to the ferrovanadium price assuming a 5 million kg of ferrovanadium per year production scenario. Note that this scenario is better than the 4 million kgs per year we used to generate our original NAV and $1.75/share target. Our original NAV incorporated a risk adjusted value for the incremental production assuming a 15% probability of success in ramping production from 4 million to 5 million kgs. For ease of comparison we have re-run our model at the estimated 5 million kgs per year ferrovanadium production.”
Vanadium scheint also wirklich interessant!
More information coming soon...
schönes plus in can gestern + 33% hoch gekommen von 0.075 im ATL so kann es weitergehen , wenn die 0,15 hält sollte es weiter hochgehen, werde heute nachmittag (hoffentlich) meine kurze übersicht weiterführen, bin mom, zu sehr auf quest fixiert, hammer gewinne halt.
na ja wenn das pferd durch sein sollte (nicht das die aktie schlecht ist, quest mein ich, aber auf wellen soll man reiten, es sei denn man hat so ne langfristperle im visier.)
ist hier sonst noch jemand interessiert???
na ja wenn das pferd durch sein sollte (nicht das die aktie schlecht ist, quest mein ich, aber auf wellen soll man reiten, es sei denn man hat so ne langfristperle im visier.)
ist hier sonst noch jemand interessiert???
Sicher!
Wenn die restlichen Claims(Lac Dore)auch an APA gehen,dann
,sitzen Wir auf einem Pulverfass!
Wenn die restlichen Claims(Lac Dore)auch an APA gehen,dann
,sitzen Wir auf einem Pulverfass!
Antwort auf Beitrag Nr.: 34.360.734 von schmacki am 24.06.08 11:42:14was ist dein kursziel auf 6 bzw. 12 monate?
hast du irgendwelche konstruktive infos beizusteuern, lass uns den theart doch mal ein wenig hochfahren, schau bei largo rein, vanadium ist heiß wenn die jungs von w:o begreifen was hier für ein potential ist, wirds nen 10bagger, vielleicht noch ein schöner bäcker, zürich oder sonst was push and we go for it!
hast du irgendwelche konstruktive infos beizusteuern, lass uns den theart doch mal ein wenig hochfahren, schau bei largo rein, vanadium ist heiß wenn die jungs von w:o begreifen was hier für ein potential ist, wirds nen 10bagger, vielleicht noch ein schöner bäcker, zürich oder sonst was push and we go for it!
APA braucht keinen Push!!Lac Dore hat 50 Mrd.Dollar oder noch mehr im Boden!!!
Antwort auf Beitrag Nr.: 34.362.308 von schmacki am 24.06.08 14:24:06allerdings auch noch einige unsicherheiten und keinen management bonus, um sinne die haben es dort oder da schon mal vorgemacht wie es geht.
Angebliche Mrd. Reserven habe ich schon von hunderten explorern gehört, die jetzt zum teil bei 0,01 E rumhuschen und mit mk`S von unter 3mio
was schätzt du kurszieltechnisch?
Angebliche Mrd. Reserven habe ich schon von hunderten explorern gehört, die jetzt zum teil bei 0,01 E rumhuschen und mit mk`S von unter 3mio
was schätzt du kurszieltechnisch?
Antwort auf Beitrag Nr.: 34.362.056 von teatimenow am 24.06.08 13:56:43
was bringt Dir ein Kursziel??
aber bei Bedarf geb ich Dir eins aus,
kannst dann da auch Deine Vorstellungen mit einfliessen lassen,
einzige Bedingung:
es muss >5 E liegen.
was bringt Dir ein Kursziel??
aber bei Bedarf geb ich Dir eins aus,
kannst dann da auch Deine Vorstellungen mit einfliessen lassen,
einzige Bedingung:
es muss >5 E liegen.
Antwort auf Beitrag Nr.: 34.362.567 von Popeye82 am 24.06.08 14:49:37also lassen wir mal die gold-copper deposits bei seite, evt. könnte apella die auch zum teil verkaufen um cash für die beiden vanadium projekte aufzubringen.
also lac dore soll 5.5 billion also milliarden pound V2O5 im boden haben, das leicht abbaubar ist.
der momentane marktpreis liegt laut www.minormetals.com etwa bei 18 dollar lb.
hm 5.5mrd * sagen wir 10 $ (konsevativ) wären allein resourcen im wert von 55mrd. die aktuelle mk ist ca. 18 millionen can dollar. ergo:
Apella`s Lac Dore (und apella hat ja noch mehr) ist mit weniger als 0,1% seiner resourcen bewertet.
ich denke 5 can dollar wären schon denkbar.
also lac dore soll 5.5 billion also milliarden pound V2O5 im boden haben, das leicht abbaubar ist.
der momentane marktpreis liegt laut www.minormetals.com etwa bei 18 dollar lb.
hm 5.5mrd * sagen wir 10 $ (konsevativ) wären allein resourcen im wert von 55mrd. die aktuelle mk ist ca. 18 millionen can dollar. ergo:
Apella`s Lac Dore (und apella hat ja noch mehr) ist mit weniger als 0,1% seiner resourcen bewertet.
ich denke 5 can dollar wären schon denkbar.
Antwort auf Beitrag Nr.: 34.362.667 von teatimenow am 24.06.08 14:59:42
Ich frag nur was es Dir bringt?!
Kann ich Dir sehr leicht sagen: Gar nichts!
Ich frag nur was es Dir bringt?!
Kann ich Dir sehr leicht sagen: Gar nichts!
Antwort auf Beitrag Nr.: 34.362.865 von Popeye82 am 24.06.08 15:19:21Kursziel regt die fantasie an, und spekulationen - außerdem können verschiedene errechnete Kursziele durchaus investitions hilfe sein. Bei Apella aber wohl alles noch sehr früh ...
Ps: Bei deinen zig tausend auflistungen an unternehmensnachrichten und "sehe, sehr, sehr interessanten" werten - ist auch nicht gerade die logisch.
So
Ps: Bei deinen zig tausend auflistungen an unternehmensnachrichten und "sehe, sehr, sehr interessanten" werten - ist auch nicht gerade die logisch.
So
Antwort auf Beitrag Nr.: 34.363.152 von Diego22 am 24.06.08 15:44:26
Hallo Diego,
mal eine(ernstgemeinte!) Frage
-war mir jetzt nicht ganz klar, ob der letzte Absatz
positiv gemeint, oder als kleiner Seitenhieb zu verstehen
ist?? -könnte mit beidem leben.
Hallo Diego,
mal eine(ernstgemeinte!) Frage
-war mir jetzt nicht ganz klar, ob der letzte Absatz
positiv gemeint, oder als kleiner Seitenhieb zu verstehen
ist?? -könnte mit beidem leben.
Wozu wird Vanadium gebraucht? Hier ist eine sicher sehr interessante Anwendung im Zusammenhang mit erneuerbaren Energien:
http://www.treehugger.com/files/2005/04/the_vanadium_ba.php
http://www.treehugger.com/files/2005/04/the_vanadium_ba.php
Apella Commences Vanadium-Titanium Exploration at Lac Dore North
Thursday October 2, 11:00 am ET
http://biz.yahoo.com/cnw/081002/apella_explrtn_updt.html?.v=…
Thursday October 2, 11:00 am ET
http://biz.yahoo.com/cnw/081002/apella_explrtn_updt.html?.v=…
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31.10.2008
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News Release
IRON-T Vanadium-Titanium Project Delivers Very Encouraging
Vanadium and Titanium Assay Results
October 30th 2008, 11:00 a.m. PDT
Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN), is pleased to announce that the company has received assays from its recent channel sampling program carried out on the 100% owned Iron-T Vanadium-Titanium project situated near the mining centre of Matagami in central Quebec. Apella's claims cover a significant portion of the renowned Bell River Complex, where previous exploration work carried out by Noranda Inc. during the 1990's delineated and confirmed the presence of Vanadium, Titanium and Iron mineralization over a distance of about 20 km. Vanadium and Titanium results in the tables below are expressed as a percentage. To convert Vanadium assays to Vanadium Pentoxide (V2O5) equivalents as these are commonly utilized and quoted by the industry, we multiplied the assay results by the required factor of 1.785.The Vanadium values of the mineralized horizons, as shown in the tables below, are equivalent to those of current primary Vanadium producers and potential new producers, globally. The samples were analyzed for a total of 25 elements including the major elements phosphorus and sulfur. Low levels of these particular two elements is important and the sampling results have provided confirmation that the levels of these two elements are indeed very low, meeting or exceeding industry maximum standard levels. The levels of Vanadium and Titanium are very encouraging. Typical grades of currently exploited deposits are in the order of 0.50% V2O5 with a break-even point at the current Vanadium prices, of 0.20% V2O5. The current market prices of Vanadium Pentoxide at $13.50 USD/LB, and Titanium at $14.00 USD/LB have remained stable.
Results of assays are as follows:
Consulting Geologist's sampling:
Sample Number Fe% P% S% TiO2% V% V2O5%
224925 39.60 <0.001 0.581 9.96 0.33 0.589
224926 43.30 <0.001 0.198 11.45 0.37 .660
Apella's field sampling
Sample
Number Fe% P% S% TiO2% V% V2O5%
825401 11.45 0.007 0.425 1.86 0.077 0.137
825402 8.87 0.012 0.287 1.39 0.053 0.095
825403 24.70 <0.001 0.626 5.50 0.203 0.362
825404 39.00 <0.001 0.245 10.15 0.378 0.675
825405 27.10 0.001 0.511 5.75 0.208 0.371
825406 32.80 <0.001 0.503 7.42 0.251 0.448
825407 37.60 <0.001 0.525 9.30 0.300 0.536 825408 39.20 <0.001 0.572 9.79 0.317 0.566
825409 31.90 0.001 0.941 7.01 0.222 0.396
825410 22.30 0.001 0.309 4.93 0.180 0.321
825411 32.70 <0.001 0.432 8.15 0.290 0.518
825412 36.10 <0.001 0.183 9.24 0.331 0.591
825413 36.00 <0.001 0.716 8.65 0.309 0.552
825414 38.20 0.002 0.595 9.36 0.323 0.577
825415 41.20 <0.001 0.566 10.65 0.340 0.607
825416 43.60 <0.001 0.392 11.50 0.365 0.652
825417 32.30 0.001 0.544 7.40 0.241 0.430
825418 27.20 <0.001 0.127 6.76 0.239 0.427
825419 47.10 <0.001 0.279 12.90 0.459 0.819
825420 26.70 <0.001 0.250 6.00 0.221 0.394
825421 35.90 <0.001 0.552 8.70 0.310 0.553
825422 39.40 <0.001 0.608 9.48 0.329 0.587
825423 45.30 <0.001 0.399 12.20 0.380 0.678
825424 37.80 <0.001 0.462 9.40 0.305 0.544
825425 35.60 <0.001 0.524 8.65 0.270 0.482m
The Iron-T is centered just 10 km east of the town of Matagami, Quebec. Since 1963 and the discovery of the Bell Allard base metals mine, Matagami has offered all facilities and infrastructure needed for a mining operation. The 10 km long, 1,672.9 hectare Iron-T mining property covers a significant portion of the Bell River Complex, a layered gabbroic intrusion which contains in its upper part, iron-rich horizons hosting the Vanadium and Titanium mineralization. The vanadium-rich horizons are well defined on the ground and in aeromagnetic surveys by their high magnetic susceptibilities.
It is notable that the Bell River Complex in Quebec hosting the Iron-T may be compared to the Lac Doré layered igneous Complex situated some 250 kilometres east in the Chibougamau mining district of Québec (in part also owned by Apella), and to the Bushveld layered Complex of South Africa, a well described locality for deposits of vanadium. Mineralization is confined to zones of magnetite-ilmenite enrichment in the upper zone gabbroic sequence of these Complexes. Magnetite is predominant over ilmenite with the magnetite crystals commonly displaying ex-solution lamellae of ilmenite. The vanadium is principally associated with magnetite fraction where it replaces trivalent iron.
Samples #224925, and #224926 from the Iron-T were made in early August 2008 by an Independent consulting geologist, Mr. R. Moar, P. Geo., who was awarded the task of preparing a NI 43-101 compliant report on the property. A second sampling was made by Apella's exploration team under the supervision and auspices of Dr. Christian G. Derosier, P.Geo and Vice President-Exploration of Apella. This second sampling which consisted of three long channel samplings was made across a mineralized stripped area uncovered by Noranda in 1998. All samples were properly tagged and sealed before being sent to the ALS-Chemex laboratory in Val d'Or, Quebec where they were assayed using a method of assaying specially tailored in 1998 for the Noranda Bell River project and McKenzie Bay's Lac Doré project. One blank sample was added to the batch of samples sent. Standards were added by the laboratory and duplicates were made at random. Samples were treated by fusion using lithium metaborate followed by X-Ray fluorescence spectrometry for the characterization of iron ores.
Vanadium is a strategic metal and is used in the production of high-quality metal alloys, like strengthened steel, because of its property as an active grain refiner and as a strong deoxidant and can impart strength, hardness and wear resistance to steels. The vanadium industry is relatively new and new uses are continually being discovered for the metal. Following are the a number of the main uses of vanadium by various industries: iron and steel, high-strength steels, full alloy steels, tool steels, carbon steels, stainless and heat resistant steels, cast irons, titanium alloys, superalloys and hard-facing alloys, aerospace engines and airframe materials.
Non-metal end-uses for Vanadium: catalysts, ceramic, glasses and pigments, electronics, batteries (e.g., vanadium redox batteries).
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, MSc, DSc, geology.
Apella invites the public to visit its NEW website athttp://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
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News from Apella Resources Inc.
Apella Resources Inc. Header
News Release
IRON-T Vanadium-Titanium Project Delivers Very Encouraging
Vanadium and Titanium Assay Results
October 30th 2008, 11:00 a.m. PDT
Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN), is pleased to announce that the company has received assays from its recent channel sampling program carried out on the 100% owned Iron-T Vanadium-Titanium project situated near the mining centre of Matagami in central Quebec. Apella's claims cover a significant portion of the renowned Bell River Complex, where previous exploration work carried out by Noranda Inc. during the 1990's delineated and confirmed the presence of Vanadium, Titanium and Iron mineralization over a distance of about 20 km. Vanadium and Titanium results in the tables below are expressed as a percentage. To convert Vanadium assays to Vanadium Pentoxide (V2O5) equivalents as these are commonly utilized and quoted by the industry, we multiplied the assay results by the required factor of 1.785.The Vanadium values of the mineralized horizons, as shown in the tables below, are equivalent to those of current primary Vanadium producers and potential new producers, globally. The samples were analyzed for a total of 25 elements including the major elements phosphorus and sulfur. Low levels of these particular two elements is important and the sampling results have provided confirmation that the levels of these two elements are indeed very low, meeting or exceeding industry maximum standard levels. The levels of Vanadium and Titanium are very encouraging. Typical grades of currently exploited deposits are in the order of 0.50% V2O5 with a break-even point at the current Vanadium prices, of 0.20% V2O5. The current market prices of Vanadium Pentoxide at $13.50 USD/LB, and Titanium at $14.00 USD/LB have remained stable.
Results of assays are as follows:
Consulting Geologist's sampling:
Sample Number Fe% P% S% TiO2% V% V2O5%
224925 39.60 <0.001 0.581 9.96 0.33 0.589
224926 43.30 <0.001 0.198 11.45 0.37 .660
Apella's field sampling
Sample
Number Fe% P% S% TiO2% V% V2O5%
825401 11.45 0.007 0.425 1.86 0.077 0.137
825402 8.87 0.012 0.287 1.39 0.053 0.095
825403 24.70 <0.001 0.626 5.50 0.203 0.362
825404 39.00 <0.001 0.245 10.15 0.378 0.675
825405 27.10 0.001 0.511 5.75 0.208 0.371
825406 32.80 <0.001 0.503 7.42 0.251 0.448
825407 37.60 <0.001 0.525 9.30 0.300 0.536 825408 39.20 <0.001 0.572 9.79 0.317 0.566
825409 31.90 0.001 0.941 7.01 0.222 0.396
825410 22.30 0.001 0.309 4.93 0.180 0.321
825411 32.70 <0.001 0.432 8.15 0.290 0.518
825412 36.10 <0.001 0.183 9.24 0.331 0.591
825413 36.00 <0.001 0.716 8.65 0.309 0.552
825414 38.20 0.002 0.595 9.36 0.323 0.577
825415 41.20 <0.001 0.566 10.65 0.340 0.607
825416 43.60 <0.001 0.392 11.50 0.365 0.652
825417 32.30 0.001 0.544 7.40 0.241 0.430
825418 27.20 <0.001 0.127 6.76 0.239 0.427
825419 47.10 <0.001 0.279 12.90 0.459 0.819
825420 26.70 <0.001 0.250 6.00 0.221 0.394
825421 35.90 <0.001 0.552 8.70 0.310 0.553
825422 39.40 <0.001 0.608 9.48 0.329 0.587
825423 45.30 <0.001 0.399 12.20 0.380 0.678
825424 37.80 <0.001 0.462 9.40 0.305 0.544
825425 35.60 <0.001 0.524 8.65 0.270 0.482m
The Iron-T is centered just 10 km east of the town of Matagami, Quebec. Since 1963 and the discovery of the Bell Allard base metals mine, Matagami has offered all facilities and infrastructure needed for a mining operation. The 10 km long, 1,672.9 hectare Iron-T mining property covers a significant portion of the Bell River Complex, a layered gabbroic intrusion which contains in its upper part, iron-rich horizons hosting the Vanadium and Titanium mineralization. The vanadium-rich horizons are well defined on the ground and in aeromagnetic surveys by their high magnetic susceptibilities.
It is notable that the Bell River Complex in Quebec hosting the Iron-T may be compared to the Lac Doré layered igneous Complex situated some 250 kilometres east in the Chibougamau mining district of Québec (in part also owned by Apella), and to the Bushveld layered Complex of South Africa, a well described locality for deposits of vanadium. Mineralization is confined to zones of magnetite-ilmenite enrichment in the upper zone gabbroic sequence of these Complexes. Magnetite is predominant over ilmenite with the magnetite crystals commonly displaying ex-solution lamellae of ilmenite. The vanadium is principally associated with magnetite fraction where it replaces trivalent iron.
Samples #224925, and #224926 from the Iron-T were made in early August 2008 by an Independent consulting geologist, Mr. R. Moar, P. Geo., who was awarded the task of preparing a NI 43-101 compliant report on the property. A second sampling was made by Apella's exploration team under the supervision and auspices of Dr. Christian G. Derosier, P.Geo and Vice President-Exploration of Apella. This second sampling which consisted of three long channel samplings was made across a mineralized stripped area uncovered by Noranda in 1998. All samples were properly tagged and sealed before being sent to the ALS-Chemex laboratory in Val d'Or, Quebec where they were assayed using a method of assaying specially tailored in 1998 for the Noranda Bell River project and McKenzie Bay's Lac Doré project. One blank sample was added to the batch of samples sent. Standards were added by the laboratory and duplicates were made at random. Samples were treated by fusion using lithium metaborate followed by X-Ray fluorescence spectrometry for the characterization of iron ores.
Vanadium is a strategic metal and is used in the production of high-quality metal alloys, like strengthened steel, because of its property as an active grain refiner and as a strong deoxidant and can impart strength, hardness and wear resistance to steels. The vanadium industry is relatively new and new uses are continually being discovered for the metal. Following are the a number of the main uses of vanadium by various industries: iron and steel, high-strength steels, full alloy steels, tool steels, carbon steels, stainless and heat resistant steels, cast irons, titanium alloys, superalloys and hard-facing alloys, aerospace engines and airframe materials.
Non-metal end-uses for Vanadium: catalysts, ceramic, glasses and pigments, electronics, batteries (e.g., vanadium redox batteries).
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, MSc, DSc, geology.
Apella invites the public to visit its NEW website athttp://www.Apellaresources.com or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
Quick Links
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More About Us
Apella Resources Inc.
Wim Bakker
Investor Relations
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Hallo Mickefett,
Ich glaube hier würde ich maximal erstmal beobachten, wie sich das weiterentwickelt. Wenn (FE)Vanadium, dann sollte man sich glaube ich, als "Developer", eher mit Largo, Aurox, Reed Resources, oder Windimurra Vanadium auseinandersetzen.
Grüße, Popeye
Ich glaube hier würde ich maximal erstmal beobachten, wie sich das weiterentwickelt. Wenn (FE)Vanadium, dann sollte man sich glaube ich, als "Developer", eher mit Largo, Aurox, Reed Resources, oder Windimurra Vanadium auseinandersetzen.
Grüße, Popeye
Antwort auf Beitrag Nr.: 35.781.663 von Popeye82 am 31.10.08 19:51:49
Yellow Rock Resources käme vielleicht noch dazu.
Grüße, Popeye
Yellow Rock Resources käme vielleicht noch dazu.
Grüße, Popeye
Antwort auf Beitrag Nr.: 35.781.663 von Popeye82 am 31.10.08 19:51:49Hallo Popeye,
Vielen Dank für Deinen Rat, aber leider kommt er zu spät. Ich bin schon länger in diesen Wert investiert, aber nicht lebensgefährlich.
Jetzt laß ich es dabei.
Gruß Mickefett
Vielen Dank für Deinen Rat, aber leider kommt er zu spät. Ich bin schon länger in diesen Wert investiert, aber nicht lebensgefährlich.
Jetzt laß ich es dabei.
Gruß Mickefett
Lac Dore North Vanadium-Titanium Project Expansion
Thursday December 18, 2008, 1:38 pm EST
www.24hgold.com/news-company-gold-silver-Lac-Dore-North-Vana…
"VANCOUVER, Dec. 18 /CNW/ - Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN)), and its Board of Directors are pleased to announce the addition of 340 acres to the Company's Lac Dore North Vanadium Project situated near Chibougamau Quebec. The Lac Dore North Project is now comprised of a total of 53 mining claims and 27 cells in which Apella has a 100-per-cent interest.
The Lac Dore North Vanadium-Titanium-Iron Project, coupled with the Company's Iron-T Vanadium-Titanium-Iron Project and a pending application for claims covering parts of the Lac Dore Vanadium Deposit, clearly establishes Apella at the forefront of North American vanadium exploration and development.
Vanadium is a strategic metal, used mainly in the production of high-strength steel alloys (for tools and oil-and-gas pipelines) and specialized metal alloys for aerospace engines and airframe materials. Another emerging market for Vanadium comes with the development of Vanadium-redox-flow batteries which are not only environmentally friendly, but can be charged and recharged more than 10,000 times and maintain their charge almost indefinitely. Vanadium is also likely to become a main constituent in the next generation of rechargeable lithium batteries. These technologies are currently being implemented in Japan and applications range from heavy industrial use to hybrid automobiles and electronics. Russia and South Africa are currently the world's primary vanadium producers.
The Company is committed to a strategic goal of becoming the only current primary North American Vanadium Producer through decisive acquisition and development.
Apella invites the public to visit its NEW website at www.Apellaresources.com or e-mail us at Apella(at)Apellaresources.com to be added to the Company's e-mail list for press releases and updates. "
Thursday December 18, 2008, 1:38 pm EST
www.24hgold.com/news-company-gold-silver-Lac-Dore-North-Vana…
"VANCOUVER, Dec. 18 /CNW/ - Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN)), and its Board of Directors are pleased to announce the addition of 340 acres to the Company's Lac Dore North Vanadium Project situated near Chibougamau Quebec. The Lac Dore North Project is now comprised of a total of 53 mining claims and 27 cells in which Apella has a 100-per-cent interest.
The Lac Dore North Vanadium-Titanium-Iron Project, coupled with the Company's Iron-T Vanadium-Titanium-Iron Project and a pending application for claims covering parts of the Lac Dore Vanadium Deposit, clearly establishes Apella at the forefront of North American vanadium exploration and development.
Vanadium is a strategic metal, used mainly in the production of high-strength steel alloys (for tools and oil-and-gas pipelines) and specialized metal alloys for aerospace engines and airframe materials. Another emerging market for Vanadium comes with the development of Vanadium-redox-flow batteries which are not only environmentally friendly, but can be charged and recharged more than 10,000 times and maintain their charge almost indefinitely. Vanadium is also likely to become a main constituent in the next generation of rechargeable lithium batteries. These technologies are currently being implemented in Japan and applications range from heavy industrial use to hybrid automobiles and electronics. Russia and South Africa are currently the world's primary vanadium producers.
The Company is committed to a strategic goal of becoming the only current primary North American Vanadium Producer through decisive acquisition and development.
Apella invites the public to visit its NEW website at www.Apellaresources.com or e-mail us at Apella(at)Apellaresources.com to be added to the Company's e-mail list for press releases and updates. "
Antwort auf Beitrag Nr.: 36.234.981 von Popeye82 am 18.12.08 22:21:43http://www.apellaresources.com/news/news-release-lac-dore-no…
Es scheint sich beim Lac Doré was zu tun!
Es scheint sich beim Lac Doré was zu tun!
Antwort auf Beitrag Nr.: 36.429.945 von mickefett am 22.01.09 19:30:08http://www.smartstox.com/interviews/apa
Hier ist ein Interview mit Adrian O'Brien, dem Vice-President von Apella, in Englisch.
Hier ist ein Interview mit Adrian O'Brien, dem Vice-President von Apella, in Englisch.
IRON-T VANADIUM-IRON PROJECT EXPANDED
8 May 2009 - 7:30am
Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that the Company has achieved its goal of acquiring all of its intended high-priority exploration targets identified in the Matagami mining camp. The acquisition of the latest 111 acre package now brings Apella’s Iron-T Vanadium-Iron-Titanium project to a total of 134 contiguous (adjoining) claims, encompassing approximately 10,600 acres.
The Iron-T Vanadium-Iron-Titanium project is ideally located near the mining town of Matagami, Quebec; approximately 780 km north of Montreal. The town of Matagami can provide housing, servicing, supplies, consumables and transport facilities including railway access as required for an efficient mining operation.
Previous work on the Iron-T confirmed the presence of significant Vanadium, Titanium, and Iron mineralization. Apella’s most recent trenching program, the results of which are detailed in Apella’s news release of October 30th, 2008, yielded economic grades of Vanadium, Titanium and Iron. The company has since filed, on SEDAR, a NI 43-101 report on the Iron-T Project.
The mineralization on Apella’s Iron-T project bares striking similarities to such world class deposits as the Rhovan Deposit in South Africa. Virtually all mined vanadium utilized in North America is sourced internationally and imported. A number of these source countries present a significant risk, politically, to future North American supply chains. From Apella’s perspective, this means its Canadian based projects present a rare opportunity and possibility to create a stable and reliable North American source and supply for vanadium and vanadium enriched magnetite iron ore. This would be in addition to the obvious opportunity of providing the vast developing markets of China, India and the far-east with ship-ready magnetite iron ore already enriched with vanadium at a premium price for their steel production. The type of Magnetite sourced Vanadium-Iron-Titanium deposits that Apella has the potential of identifying and developing is not all that common. In fact, this is a rare opportunity for Apella’s stakeholders.
Apella has multiple opportunities with these projects. First and foremost, is the opportunity to quickly establish a world-class, low cost, operation supplying Vanadium enriched Iron-Ore that can simply be processed to meet the specifications of the world’s steel mills eliminating much of their requirement for blending so commonly utilized throughout the industry in the making of alloy steel. Vanadium and Titanium are both key strategic metals with their own unique markets to be addressed. The potential for production of both Ferrovanadium and Vanadium Pentoxide V2O5 exists on all of Apella’s projects.
On another note, the Vanadium industry itself is relatively young and new uses for Vanadium are continually being identified. The primary use for Vanadium remains for production of steel alloys. Vanadium and Titanium are also extensively used for aerospace engines and airframe materials. Today, Asia has successfully implemented Vanadium in a number of battery technologies superior to previous standards. These next generation batteries represent a green technology that if fully commercialized, would have a significant global impact. The storage capacity for these batteries is suitable for wind, solar, nuclear, backup systems, electric automobiles and many other applications. With the depletion of the world’s petroleum supplies and with environmental and political issues shifting focus to more practical solutions, the outcome of all this is creating a new market for vanadium and possibly a competitive edge for North Americans.
Apella is now initiating plans to bring these projects into the development stage and will keep stakeholders abreast of ongoing matters as these developments proceed.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
8 May 2009 - 7:30am
Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that the Company has achieved its goal of acquiring all of its intended high-priority exploration targets identified in the Matagami mining camp. The acquisition of the latest 111 acre package now brings Apella’s Iron-T Vanadium-Iron-Titanium project to a total of 134 contiguous (adjoining) claims, encompassing approximately 10,600 acres.
The Iron-T Vanadium-Iron-Titanium project is ideally located near the mining town of Matagami, Quebec; approximately 780 km north of Montreal. The town of Matagami can provide housing, servicing, supplies, consumables and transport facilities including railway access as required for an efficient mining operation.
Previous work on the Iron-T confirmed the presence of significant Vanadium, Titanium, and Iron mineralization. Apella’s most recent trenching program, the results of which are detailed in Apella’s news release of October 30th, 2008, yielded economic grades of Vanadium, Titanium and Iron. The company has since filed, on SEDAR, a NI 43-101 report on the Iron-T Project.
The mineralization on Apella’s Iron-T project bares striking similarities to such world class deposits as the Rhovan Deposit in South Africa. Virtually all mined vanadium utilized in North America is sourced internationally and imported. A number of these source countries present a significant risk, politically, to future North American supply chains. From Apella’s perspective, this means its Canadian based projects present a rare opportunity and possibility to create a stable and reliable North American source and supply for vanadium and vanadium enriched magnetite iron ore. This would be in addition to the obvious opportunity of providing the vast developing markets of China, India and the far-east with ship-ready magnetite iron ore already enriched with vanadium at a premium price for their steel production. The type of Magnetite sourced Vanadium-Iron-Titanium deposits that Apella has the potential of identifying and developing is not all that common. In fact, this is a rare opportunity for Apella’s stakeholders.
Apella has multiple opportunities with these projects. First and foremost, is the opportunity to quickly establish a world-class, low cost, operation supplying Vanadium enriched Iron-Ore that can simply be processed to meet the specifications of the world’s steel mills eliminating much of their requirement for blending so commonly utilized throughout the industry in the making of alloy steel. Vanadium and Titanium are both key strategic metals with their own unique markets to be addressed. The potential for production of both Ferrovanadium and Vanadium Pentoxide V2O5 exists on all of Apella’s projects.
On another note, the Vanadium industry itself is relatively young and new uses for Vanadium are continually being identified. The primary use for Vanadium remains for production of steel alloys. Vanadium and Titanium are also extensively used for aerospace engines and airframe materials. Today, Asia has successfully implemented Vanadium in a number of battery technologies superior to previous standards. These next generation batteries represent a green technology that if fully commercialized, would have a significant global impact. The storage capacity for these batteries is suitable for wind, solar, nuclear, backup systems, electric automobiles and many other applications. With the depletion of the world’s petroleum supplies and with environmental and political issues shifting focus to more practical solutions, the outcome of all this is creating a new market for vanadium and possibly a competitive edge for North Americans.
Apella is now initiating plans to bring these projects into the development stage and will keep stakeholders abreast of ongoing matters as these developments proceed.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
Apella Stakes Magnetite Bay Iron Deposit Interest - 16 Jun 2009
www.apellaresources.com/news/apella-stakes-magnetite-bay-iro…
www.apellaresources.com/news/apella-stakes-magnetite-bay-iro…
Apella commences Field Work on its Lac Dore Iron-Vanadium-Titanium Assemblage - 19 Jun 2009
www.apellaresources.com/news/apella-commences-field-work-on-…
"Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that Phase 1 of its 2009 field program has commenced on its Lac Dore Iron-Vanadium-Titanium (Fe-V-Ti) Assemblage, adjoining the well known 5.5 billion pound Lac Dore (Fe-V-Ti) deposit reported to be the world’s second largest vanadium deposit. Crews are now on site and undertaking to create a grid encompassing approximately 40 line kilometres on the southwest and northwest claims of the Lac Dore Assemblage. Once this grid is complete a ground geophysical magnetometer survey (“Mag Survey”) will be undertaken in the same area. The purpose of this program is to identify drill targets for a follow-up diamond drill program.
Apella has also put in motion the commencement of a second, similar 40 line kilometer grid, over its Lac Dore North Iron-Vanadium-Titanium Assemblage which also adjoins the well known Lac Dore Iron-Vanadium-Titanium deposit. Readers are referred to Apella press release of January 22, 2009 in which Apella reported its exceptional results obtained from its clearing and channel sampling program carried out on a portion of the ground to be covered by this new grid. A series of diamond drill holes are planned for this area and commencement of the drill program is expected to be announced soon.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its website at www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C. Exemption 12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed "
www.apellaresources.com/news/apella-commences-field-work-on-…
"Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that Phase 1 of its 2009 field program has commenced on its Lac Dore Iron-Vanadium-Titanium (Fe-V-Ti) Assemblage, adjoining the well known 5.5 billion pound Lac Dore (Fe-V-Ti) deposit reported to be the world’s second largest vanadium deposit. Crews are now on site and undertaking to create a grid encompassing approximately 40 line kilometres on the southwest and northwest claims of the Lac Dore Assemblage. Once this grid is complete a ground geophysical magnetometer survey (“Mag Survey”) will be undertaken in the same area. The purpose of this program is to identify drill targets for a follow-up diamond drill program.
Apella has also put in motion the commencement of a second, similar 40 line kilometer grid, over its Lac Dore North Iron-Vanadium-Titanium Assemblage which also adjoins the well known Lac Dore Iron-Vanadium-Titanium deposit. Readers are referred to Apella press release of January 22, 2009 in which Apella reported its exceptional results obtained from its clearing and channel sampling program carried out on a portion of the ground to be covered by this new grid. A series of diamond drill holes are planned for this area and commencement of the drill program is expected to be announced soon.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its website at www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C. Exemption 12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed "
News Release Drilling to commence on Lac Dore North Iron-Vanadium-Titanium(Fe-V2O5-Ti) Project Chibougamau, Quebec - 30 Jun 2009
www.apellaresources.com/news/news-release-drilling-to-commen…
"Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that Phase 2 of its 2009 exploration work has commenced on its Lac Dore North Iron-Vanadium-Titanium (Fe-V-Ti) Project. Apella's crews have now completed all of the necessary access road building and improvements that were necessary for access. Drill contracts have been signed and the initial 10-hole NQ-core drill program will commence on July 4th.
The Lac Dore North encompasses 18 claims covering an area of approximately 300 hectares (741 acres), covering the northeast extension of the renowned Lac Dore Vanadium-Titanium-Iron (Fe-V-Ti) Deposit, over a strike length of 2.6 kilometers (1.6 miles). The nearby, 5.5 billion pound Lac Dore (Fe-V-Ti) deposit, is reported to be the world's second largest vanadium deposit.
Crews are also on site completing the Phase 1 work which Apella announced on June 19th. The 10-hole drill program will be coupled with a comprehensive mapping program.
Readers are referred to Apella press release of January 22, 2009 in which Apella reported its exceptional Iron-Vanadium-Titanium (Fe-V2O5-TiO2) results obtained from its extensive clearing and channel sampling program carried out in the area about to be drilled. Vanadium values obtained ranged from 0.05% to 0.610%, which after conversion to V205, returned values from 0.089% to 1.089%. The average grade of Vanadium Pentoxide (V205) is 0.55% V2O5. Titanium (Ti02) values range from 1.33% to 12.30%; the average grade of Titanium (Ti02) is 6.40% Ti02. Iron (Fe) values range from 13.23% to 56.50% Fe; the average grade of Iron (Fe) is 32.81% Fe.
During that fall 2008 exploration program, Apella's field crew stripped and cleared off two large areas, covering several hundred square meters of magnetite-bearing mineralization, as well as four smaller zones. The stripped areas cover part of the P1 Zone which is found at the base of the Layered Series of the Lac Dore Anorthositic Complex. Normally this zone varies from 30 to 90 meters in thickness. It is the only zone which contains economic values of Vanadium. The P1 Zone is made of an alternation of leucocratic ferrogabbro, magnetite rich ferrogabbro, ferropyroxennite, magnetite rich pyroxenite and magnetites. The channel sampling cut part of this alternation like a horizontal drill hole. It is consequently normal to obtain samples presenting rich and low Vanadium contents.
For ease of reference, the samples obtained by Apella in its fall 2008 channel sampling program are listed in the table below:
Trench Number
Sample ID
Fe
V%
V2O5
TiO2
V1-1
825431
30.60
0.387
0.691
7.42
V1-2
825432
39.90
0.409
0.730
10.20
V1-3
825433
37.20
0.401
0.716
8.58
V1-4
825434
30.20
0.337
0.602
6.94
V1-5
825435
31.20
0.341
0.609
7.07
V1-6
825436
45.00
0.503
0.898
10.25
V2-1
825437
53.40
0.610
1.089
12.30
V2-2
825438
45.90
0.521
0.930
10.35
V2-3
825439
48.60
0.544
0.971
11.05
V2-4
825440
50.30
0.565
1.009
11.65
V2-5
825441
36.60
0.400
0.714
8.43
V2-6
825442
45.50
0.517
0.923
10.75
V3-1
825443
24.10
0.178
0.318
4.26
V3-2
825444
17.05
0.164
0.293
3.49
V3-3
825445
29.40
0.324
0.578
6.42
V3-4
825446
34.80
0.393
0.702
7.72
V3-5
825447
28.60
0.321
0.573
6.17
V4-1
825448
35.60
0.390
0.696
7.40
V4-2
825449
32.50
0.357
0.637
6.93
V4-3
825450
26.20
0.257
0.459
5.15
V5-1
825451
29.20
0.319
0.569
6.32
V6-1
825452
34.30
0.385
0.687
7.80
V6-2
825453
39.50
0.447
0.798
8.86
V6-3
825454
46.60
0.543
0.969
10.70
V6-4
825455
19.05
0.193
0.345
3.97
V6-5
825456
22.00
0.214
0.382
4.60
V7-1
825457
46.80
0.536
0.957
10.25
V8-1
825458
23.90
0.242
0.432
4.97
V8-2
825459
17.20
0.155
0.277
3.18
V8-3
825460
17.50
0.168
0.300
3.36
V8-4
825461
13.75
0.128
0.228
2.77
V9-1
825462
40.50
0.437
0.780
8.51
V9-2
825463
36.90
0.395
0.705
7.81
V6-0
825464
13.24
0.070
0.125
1.93
V6-6
825465
34.42
0.270
0.482
5.80
V6-7
825466
29.61
0.220
0.393
5.03
V6-8
825467
30.77
0.160
0.286
3.62
V6-9
825468
30.21
0.190
0.339
4.09
V6-10
825469
13.72
0.050
0.089
1.33
V6-11
825470
15.96
0.090
0.161
2.36
V6-12
825471
30.00
0.230
0.411
5.00
V6-13
825472
13.63
0.070
0.125
1.83
V6-14
825473
19.45
0.110
0.196
2.71
V6-15
825474
32.15
0.240
0.428
5.39
V6-16
825475
27.09
0.180
0.321
4.28
V6-17
825476
24.31
0.160
0.286
3.98
V6-18
825477
27.26
0.190
0.339
4.47
V6-19
825478
52.10
0.430
0.768
8.91
V6-20
825479
49.01
0.430
0.768
8.75
V6-21
825480
28.00
0.220
0.393
4.64
V6-22
825481
43.41
0.340
0.607
7.09
V6-23
825482
53.26
0.440
0.785
9.19
V6-24
825483
25.40
0.180
0.321
3.94
V6-25
825484
31.70
0.260
0.464
5.59
V6-26
825485
27.13
0.200
0.357
4.58
V10-1
825486
33.09
0.270
0.482
5.84
V10-2
825487
39.95
0.280
0.500
5.98
V10-3
825488
56.50
0.440
0.785
9.19
V10-4
825489
56.20
0.450
0.803
9.25
V10-5
825490
21.17
0.140
0.250
3.35
The samples above were analyzed by ALS-Chemex laboratories in Val d'Or, Quebec and in Perth, Australia, using two different methods. The first method is aimed at Iron ore. It consists of a fusion followed by X-Ray fluorescence spectrometry (ME-XRF-11). The accuracy for Vanadium is 0.001%. However, shipping the samples to Australia required a long quarantine period which does not allow for results prior to a three month time period. Consequently, the Company requested that the laboratory propose a method of assaying providing almost the same results but with a much shorter waiting period. The second batch of samples were treated by fusion (lithium metaborate) followed by X-Ray fluorescence (ME-XRF-06). Results were obtained within three weeks using this method.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its website at www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien" "
www.apellaresources.com/news/news-release-drilling-to-commen…
"Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that Phase 2 of its 2009 exploration work has commenced on its Lac Dore North Iron-Vanadium-Titanium (Fe-V-Ti) Project. Apella's crews have now completed all of the necessary access road building and improvements that were necessary for access. Drill contracts have been signed and the initial 10-hole NQ-core drill program will commence on July 4th.
The Lac Dore North encompasses 18 claims covering an area of approximately 300 hectares (741 acres), covering the northeast extension of the renowned Lac Dore Vanadium-Titanium-Iron (Fe-V-Ti) Deposit, over a strike length of 2.6 kilometers (1.6 miles). The nearby, 5.5 billion pound Lac Dore (Fe-V-Ti) deposit, is reported to be the world's second largest vanadium deposit.
Crews are also on site completing the Phase 1 work which Apella announced on June 19th. The 10-hole drill program will be coupled with a comprehensive mapping program.
Readers are referred to Apella press release of January 22, 2009 in which Apella reported its exceptional Iron-Vanadium-Titanium (Fe-V2O5-TiO2) results obtained from its extensive clearing and channel sampling program carried out in the area about to be drilled. Vanadium values obtained ranged from 0.05% to 0.610%, which after conversion to V205, returned values from 0.089% to 1.089%. The average grade of Vanadium Pentoxide (V205) is 0.55% V2O5. Titanium (Ti02) values range from 1.33% to 12.30%; the average grade of Titanium (Ti02) is 6.40% Ti02. Iron (Fe) values range from 13.23% to 56.50% Fe; the average grade of Iron (Fe) is 32.81% Fe.
During that fall 2008 exploration program, Apella's field crew stripped and cleared off two large areas, covering several hundred square meters of magnetite-bearing mineralization, as well as four smaller zones. The stripped areas cover part of the P1 Zone which is found at the base of the Layered Series of the Lac Dore Anorthositic Complex. Normally this zone varies from 30 to 90 meters in thickness. It is the only zone which contains economic values of Vanadium. The P1 Zone is made of an alternation of leucocratic ferrogabbro, magnetite rich ferrogabbro, ferropyroxennite, magnetite rich pyroxenite and magnetites. The channel sampling cut part of this alternation like a horizontal drill hole. It is consequently normal to obtain samples presenting rich and low Vanadium contents.
For ease of reference, the samples obtained by Apella in its fall 2008 channel sampling program are listed in the table below:
Trench Number
Sample ID
Fe
V%
V2O5
TiO2
V1-1
825431
30.60
0.387
0.691
7.42
V1-2
825432
39.90
0.409
0.730
10.20
V1-3
825433
37.20
0.401
0.716
8.58
V1-4
825434
30.20
0.337
0.602
6.94
V1-5
825435
31.20
0.341
0.609
7.07
V1-6
825436
45.00
0.503
0.898
10.25
V2-1
825437
53.40
0.610
1.089
12.30
V2-2
825438
45.90
0.521
0.930
10.35
V2-3
825439
48.60
0.544
0.971
11.05
V2-4
825440
50.30
0.565
1.009
11.65
V2-5
825441
36.60
0.400
0.714
8.43
V2-6
825442
45.50
0.517
0.923
10.75
V3-1
825443
24.10
0.178
0.318
4.26
V3-2
825444
17.05
0.164
0.293
3.49
V3-3
825445
29.40
0.324
0.578
6.42
V3-4
825446
34.80
0.393
0.702
7.72
V3-5
825447
28.60
0.321
0.573
6.17
V4-1
825448
35.60
0.390
0.696
7.40
V4-2
825449
32.50
0.357
0.637
6.93
V4-3
825450
26.20
0.257
0.459
5.15
V5-1
825451
29.20
0.319
0.569
6.32
V6-1
825452
34.30
0.385
0.687
7.80
V6-2
825453
39.50
0.447
0.798
8.86
V6-3
825454
46.60
0.543
0.969
10.70
V6-4
825455
19.05
0.193
0.345
3.97
V6-5
825456
22.00
0.214
0.382
4.60
V7-1
825457
46.80
0.536
0.957
10.25
V8-1
825458
23.90
0.242
0.432
4.97
V8-2
825459
17.20
0.155
0.277
3.18
V8-3
825460
17.50
0.168
0.300
3.36
V8-4
825461
13.75
0.128
0.228
2.77
V9-1
825462
40.50
0.437
0.780
8.51
V9-2
825463
36.90
0.395
0.705
7.81
V6-0
825464
13.24
0.070
0.125
1.93
V6-6
825465
34.42
0.270
0.482
5.80
V6-7
825466
29.61
0.220
0.393
5.03
V6-8
825467
30.77
0.160
0.286
3.62
V6-9
825468
30.21
0.190
0.339
4.09
V6-10
825469
13.72
0.050
0.089
1.33
V6-11
825470
15.96
0.090
0.161
2.36
V6-12
825471
30.00
0.230
0.411
5.00
V6-13
825472
13.63
0.070
0.125
1.83
V6-14
825473
19.45
0.110
0.196
2.71
V6-15
825474
32.15
0.240
0.428
5.39
V6-16
825475
27.09
0.180
0.321
4.28
V6-17
825476
24.31
0.160
0.286
3.98
V6-18
825477
27.26
0.190
0.339
4.47
V6-19
825478
52.10
0.430
0.768
8.91
V6-20
825479
49.01
0.430
0.768
8.75
V6-21
825480
28.00
0.220
0.393
4.64
V6-22
825481
43.41
0.340
0.607
7.09
V6-23
825482
53.26
0.440
0.785
9.19
V6-24
825483
25.40
0.180
0.321
3.94
V6-25
825484
31.70
0.260
0.464
5.59
V6-26
825485
27.13
0.200
0.357
4.58
V10-1
825486
33.09
0.270
0.482
5.84
V10-2
825487
39.95
0.280
0.500
5.98
V10-3
825488
56.50
0.440
0.785
9.19
V10-4
825489
56.20
0.450
0.803
9.25
V10-5
825490
21.17
0.140
0.250
3.35
The samples above were analyzed by ALS-Chemex laboratories in Val d'Or, Quebec and in Perth, Australia, using two different methods. The first method is aimed at Iron ore. It consists of a fusion followed by X-Ray fluorescence spectrometry (ME-XRF-11). The accuracy for Vanadium is 0.001%. However, shipping the samples to Australia required a long quarantine period which does not allow for results prior to a three month time period. Consequently, the Company requested that the laboratory propose a method of assaying providing almost the same results but with a much shorter waiting period. The second batch of samples were treated by fusion (lithium metaborate) followed by X-Ray fluorescence (ME-XRF-06). Results were obtained within three weeks using this method.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its website at www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien" "
war mal eine kleine Aktualisierung
:
Lac Dore North Drilling intersects Magnetite Mineralisation at Depth - 27 Jul 2009
www.apellaresources.com/news/lac-dore-north-drilling-interse…
"Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that the Company has completed its initial 10 hole (993m) diamond drilling program on its wholly owned Lac Dore North Iron-Vanadium-Titanium (Fe-V-Ti) Project at Chibougamau, Quebec. Apella is pleased to report, that as anticipated the program has successfully intersected disseminated to massive magnetite mineralization in boreholes numbered 1 through 6. Apella took advantage of this first round of drilling to use boreholes numbers 7 thorough 10 to test for the extremities of the potential mineralization. This information has provided some very important detail that can now be utilized by Apella’s geologists in targeting during the next phase of diamond drilling.
The core from the drill program has now been cut and logged and 255 samples including blanks have been sent to ALS-Chemex in Val d’Or for processing. Once the results of the assays have been received and interpreted by Apella’s geologists the results will be released. This information, coupled with Apella’s existing database will assist is establishing the next round of borehole drilling on the Lac Dore North Project.
Apella is pleased that magnetite oxide mineralization intersected at depth in this round of borehole drilling is consistent with that which had been observed at surface, and on which the company carried out its extensive channel sampling program on in 2008. Photographs of this extensive surface mineralization in and around the drill area are available for viewing on Apella’s website at www.apellaresources.com .
Apella focused the majority of this round of borehole drilling under and around the area which Apella completed its highly successful stripping and channel sampling program on in the fall of 2008. This area is ideally located on the NE extension of a strong airborne magnetic anomaly which corresponds with the layered part of the Lac Doré Anorthositic Complex. Six holes of the current program, in particular; LDN-09-01, LDN-09-02, LDN-09-03, LDN-09-04, LDN-09-05 and LDN-09-06, all utilizing large sized NQ core and together totaling 576 metres have tested at depth the two large stripped areas cleared by Apella in the fall of 2008. These two large highly mineralized areas were systematically and representatively channel sampled by Apella in the fall of 2008 and the results released in Apella’s news release dated October 30th, 2008. The significant Iron, Vanadium and Titanium assays received during that channel sampling encouraged Apella to proceed with the recent borehole drilling.
With regard to this recent drilling by Apella the company finds of particular interest its borehole LDN-09-01 which is collared at 75 metres NW of the first historic (pre 43-101) drill hole bored by Mackenzie Bay back in 2001 (MKB-01-01). Mackenzie Bay’s 168 m long hole (MKB-01-01) was bored with an azimuth of 320 degree and intersected four mineralized zones which returned the following results:
1) 0.54 % V2O5, 7.97% TiO2 and 11.69% oxide over a core length of 4.85 m;
2) 1.24% V2O5, 6.9% TiO2 and 15.12% oxide over a core length of 43 m;
3) 1.31% V2O5, 4.64% TiO2 and 4.59% oxide over a core length of 8.45 m and;
4) 1.40% V2O5, 4.41% TiO2 and 15.95% oxide over a core length of 26.60 m.
Apella’s Hole LDN-09-01, 99m long and dipping at –45 degrees, was collared on the SW end of the stripping, on line with MKB-01-01. A visual estimation of the oxide content of the intersections proves to be similar to that of Mackenzie Bay’s 2001 intersection. The mineralized zones as observed on surface, are dipping vertically.
Apella’s Hole LDN-09-06 was collared at 70 m in front of LDN-09-01. Apella’s hole LDN-09-06 is 81 m long with a dip at –45 degrees. Its target was to intersect the mineralized zones uncovered by the northern stripping. The three holes: MKB-01-01 (pre 43-101), LDN-09-01 and LDN-09-06 forming a stratigraphic section, encountered considerable layers of semi-massive to massive magnetite-ilmenite over an horizontal distance of 162.50 m. It is significant to note that the mineralization is still open to the NW and at depth.
Four holes: LDN-09-07, LDN-09-08, LDN-09-09 and LDN-09-10 which were exploration holes distributed over a long distance of 1600 m along the mag axis, returned low oxide contents in a more gabbroic environment. It is now understood that these holes were not collared close enough to the mag axis which is displaced by NE faulting, something will be corrected for the next round of borehole drilling at Lac Dore North.
The company is now planning a follow up exploration program slated to begin as soon as the funds are allocated. In the next phase of exploration at Lac Dore North Apella plans to extend this mineralized zone. The program will consist of extensive borehole drilling as well as additional stripping and channel sampling.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its website at www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien” "
:Lac Dore North Drilling intersects Magnetite Mineralisation at Depth - 27 Jul 2009
www.apellaresources.com/news/lac-dore-north-drilling-interse…
"Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that the Company has completed its initial 10 hole (993m) diamond drilling program on its wholly owned Lac Dore North Iron-Vanadium-Titanium (Fe-V-Ti) Project at Chibougamau, Quebec. Apella is pleased to report, that as anticipated the program has successfully intersected disseminated to massive magnetite mineralization in boreholes numbered 1 through 6. Apella took advantage of this first round of drilling to use boreholes numbers 7 thorough 10 to test for the extremities of the potential mineralization. This information has provided some very important detail that can now be utilized by Apella’s geologists in targeting during the next phase of diamond drilling.
The core from the drill program has now been cut and logged and 255 samples including blanks have been sent to ALS-Chemex in Val d’Or for processing. Once the results of the assays have been received and interpreted by Apella’s geologists the results will be released. This information, coupled with Apella’s existing database will assist is establishing the next round of borehole drilling on the Lac Dore North Project.
Apella is pleased that magnetite oxide mineralization intersected at depth in this round of borehole drilling is consistent with that which had been observed at surface, and on which the company carried out its extensive channel sampling program on in 2008. Photographs of this extensive surface mineralization in and around the drill area are available for viewing on Apella’s website at www.apellaresources.com .
Apella focused the majority of this round of borehole drilling under and around the area which Apella completed its highly successful stripping and channel sampling program on in the fall of 2008. This area is ideally located on the NE extension of a strong airborne magnetic anomaly which corresponds with the layered part of the Lac Doré Anorthositic Complex. Six holes of the current program, in particular; LDN-09-01, LDN-09-02, LDN-09-03, LDN-09-04, LDN-09-05 and LDN-09-06, all utilizing large sized NQ core and together totaling 576 metres have tested at depth the two large stripped areas cleared by Apella in the fall of 2008. These two large highly mineralized areas were systematically and representatively channel sampled by Apella in the fall of 2008 and the results released in Apella’s news release dated October 30th, 2008. The significant Iron, Vanadium and Titanium assays received during that channel sampling encouraged Apella to proceed with the recent borehole drilling.
With regard to this recent drilling by Apella the company finds of particular interest its borehole LDN-09-01 which is collared at 75 metres NW of the first historic (pre 43-101) drill hole bored by Mackenzie Bay back in 2001 (MKB-01-01). Mackenzie Bay’s 168 m long hole (MKB-01-01) was bored with an azimuth of 320 degree and intersected four mineralized zones which returned the following results:
1) 0.54 % V2O5, 7.97% TiO2 and 11.69% oxide over a core length of 4.85 m;
2) 1.24% V2O5, 6.9% TiO2 and 15.12% oxide over a core length of 43 m;
3) 1.31% V2O5, 4.64% TiO2 and 4.59% oxide over a core length of 8.45 m and;
4) 1.40% V2O5, 4.41% TiO2 and 15.95% oxide over a core length of 26.60 m.
Apella’s Hole LDN-09-01, 99m long and dipping at –45 degrees, was collared on the SW end of the stripping, on line with MKB-01-01. A visual estimation of the oxide content of the intersections proves to be similar to that of Mackenzie Bay’s 2001 intersection. The mineralized zones as observed on surface, are dipping vertically.
Apella’s Hole LDN-09-06 was collared at 70 m in front of LDN-09-01. Apella’s hole LDN-09-06 is 81 m long with a dip at –45 degrees. Its target was to intersect the mineralized zones uncovered by the northern stripping. The three holes: MKB-01-01 (pre 43-101), LDN-09-01 and LDN-09-06 forming a stratigraphic section, encountered considerable layers of semi-massive to massive magnetite-ilmenite over an horizontal distance of 162.50 m. It is significant to note that the mineralization is still open to the NW and at depth.
Four holes: LDN-09-07, LDN-09-08, LDN-09-09 and LDN-09-10 which were exploration holes distributed over a long distance of 1600 m along the mag axis, returned low oxide contents in a more gabbroic environment. It is now understood that these holes were not collared close enough to the mag axis which is displaced by NE faulting, something will be corrected for the next round of borehole drilling at Lac Dore North.
The company is now planning a follow up exploration program slated to begin as soon as the funds are allocated. In the next phase of exploration at Lac Dore North Apella plans to extend this mineralized zone. The program will consist of extensive borehole drilling as well as additional stripping and channel sampling.
The qualified person for the purposes of this news release is Dr. Christian G. Derosier, P.Geo.
Apella invites the public to visit its website at www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien” "
und eine aktuelle Presentation:
Apella Resources - Jun 1, 2009
www.authorstream.com/Presentation/Apellaresources-200338-ape…
Apella Resources - Jun 1, 2009
www.authorstream.com/Presentation/Apellaresources-200338-ape…
Apella Resources Inc.: Lac Dore Decision - Jul 28, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that the Company has now received a preliminary report from the Ministere des Ressources naturelles et de la Faune du Quebec (herein referred to as the "Quebec Ministry") regarding the staking that occurred on August 21st, 2007 over 21 claims, 11 of which cover the Lac Dore Vanadium-Iron-Titanium Deposit near Chibougamau, Quebec.
On August 21st, 2007 the Lac Dore deposit came open for staking and was pursued by Apella and a competitor, SOQUEM Inc. ("SOQUEM") which is a wholly owned subsidiary of la Societe generale de financement du Quebec ("SGF") a Crown Corporation of the Province of Quebec. Following the 23 month wait since the staking of these very important 21 claims, the Quebec Ministry has advised Apella that of the 11 claims being awarded so far it is awarding Apella 9 claims and SOQUEM/SGF 2 claims. The outcome of the remaining 10 claims has yet to be decided.
Upon review of the Quebec Ministry's report by Apella's management, Apella is pleased to see that it is apparent that the 9 Apella claims awarded at this time would provide Apella a controlling interest in the Lac Dore Deposit mineralization. This is a significant position to start with, in what is recognized as the world's second largest Vanadium deposit.
Apella has until September 15th, 2009 to provide the Quebec Ministry with its comments on the preliminary report. Since the date of staking in August 2007, and in order to support its right to the entire 21 claims, Apella has submitted to the Quebec Ministry numerous geological reports on specific details of the Apella and SOQUEM/SGF staking, maps, video footage taken the day of staking. In addition, Apella's management and consultants have attended a number of meetings in Quebec involving management and personnel for the Quebec Ministry, SOQUEM Inc. and Societe generale de financement du Quebec (SGF).
Apella's team will be working diligently to see if it can bring the entire 21 claims under its control and finally move the original Lac Dore Vanadium-Iron-Titanium Deposit forward towards production. It has been almost 55 years since the Lac Dore, the world's second largest Vanadium Deposit, was discovered by the Government of Quebec's geologists. The Chibougamau region has seen the shut-down of many of its most significant employers, especially in the mining sector, over the last few years and no doubt will welcome the new investment dollars and jobs that will result from Apella achieving such an outcome. (...)"
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that the Company has now received a preliminary report from the Ministere des Ressources naturelles et de la Faune du Quebec (herein referred to as the "Quebec Ministry") regarding the staking that occurred on August 21st, 2007 over 21 claims, 11 of which cover the Lac Dore Vanadium-Iron-Titanium Deposit near Chibougamau, Quebec.
On August 21st, 2007 the Lac Dore deposit came open for staking and was pursued by Apella and a competitor, SOQUEM Inc. ("SOQUEM") which is a wholly owned subsidiary of la Societe generale de financement du Quebec ("SGF") a Crown Corporation of the Province of Quebec. Following the 23 month wait since the staking of these very important 21 claims, the Quebec Ministry has advised Apella that of the 11 claims being awarded so far it is awarding Apella 9 claims and SOQUEM/SGF 2 claims. The outcome of the remaining 10 claims has yet to be decided.
Upon review of the Quebec Ministry's report by Apella's management, Apella is pleased to see that it is apparent that the 9 Apella claims awarded at this time would provide Apella a controlling interest in the Lac Dore Deposit mineralization. This is a significant position to start with, in what is recognized as the world's second largest Vanadium deposit.
Apella has until September 15th, 2009 to provide the Quebec Ministry with its comments on the preliminary report. Since the date of staking in August 2007, and in order to support its right to the entire 21 claims, Apella has submitted to the Quebec Ministry numerous geological reports on specific details of the Apella and SOQUEM/SGF staking, maps, video footage taken the day of staking. In addition, Apella's management and consultants have attended a number of meetings in Quebec involving management and personnel for the Quebec Ministry, SOQUEM Inc. and Societe generale de financement du Quebec (SGF).
Apella's team will be working diligently to see if it can bring the entire 21 claims under its control and finally move the original Lac Dore Vanadium-Iron-Titanium Deposit forward towards production. It has been almost 55 years since the Lac Dore, the world's second largest Vanadium Deposit, was discovered by the Government of Quebec's geologists. The Chibougamau region has seen the shut-down of many of its most significant employers, especially in the mining sector, over the last few years and no doubt will welcome the new investment dollars and jobs that will result from Apella achieving such an outcome. (...)"
Apella Commences Further Field Work on Its Lac Dore North Iron-Vanadium-Titanium Project - Aug 4, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
New Grandich Report
To View Pictures of Lac Dore Exploration Program Click Here
Apella Resources - Aggressive Speculators Take Note!
by Peter Grandich at 11:20 AM on Tuesday, August 4th, 2009
INTRODUCTION
Vanadium is a unique strategic metal that is often in high demand but short supply. Currently, with worldwide stocks declining, the race is on to find new sources. However, nearly all the new potential areas where Vanadium can be extracted are located in politically unstable or logistically remote regions. A junior resource firm laying claim to potentially some of the largest Vanadium deposits on earth, all of which are located in politically secure Quebec, Canada, is Apella Resources. The company is making strong headway with their Vanadium-Titanium-Iron projects.
APELLA'S VANADIUM PROJECTS UPDATE
Apella's three Vanadium-Titanium-Iron projects are all located in the province of Quebec:
Lac Dore North Vanadium-Titanium-Iron Project
The Lac Dore North Vanadium-Titanium-Iron Project is 100-percent owned by Apella and encompasses 80 claims covering an area of approximately 2325 hectares (5745 acres). It covers the Northeast extension of the renowned Lac Dore Vanadium-Titanium-Iron Deposit, over a strike length of 2.6 kilometers (1.6 miles).
In July, Apella finished its initial 10-hole diamond drilling program on the site. As anticipated, the program successfully intersected disseminated to massive magnetite mineralization in boreholes numbered one through six. The company took advantage of this first round of drilling to use boreholes numbers seven thorough ten to test for the extremities of the potential mineralization.
The core from the drill program has now been cut and logged and 255 samples including blanks have been sent to ALS-Chemex in Val d'Or for processing.The results will be release once of the assays have been received and interpreted by Apella's geologists. This information, coupled with the company's existing database, should assist in establishing the next round of borehole drilling on the Lac Dore North Project, which the company plans to commence very shortly.
Lac Dore Vanadium-Titanium-Iron Project
Apella's Lac Dore Vanadium-Titanium-Iron Project consists of claims covering the majority of the Lac Dore Deposit, the largest Vanadium deposit in North America and second-largest in the world.
In 2007 Apella staked 21 claims covering the deposit after discovering they had become open for staking. A competing staker, SOQUEM Inc., which coincidently is a wholly owned subsidiary of la Société générale de financement du Québec ("SGF"), a Corporation owned by the Province of Quebec., launched a challenge for 21 of the claims. This month, Apella received a preliminary report from the Ministere des Ressources naturelles et de la Faune du Quebec (herein "Quebec Ministry") indicating that of the 11 claims awarded so far, nine are awarded to Apella with SOQUEM receiving just two. The outcome of the remaining 10 claims has yet to be decided.
From the preliminary report of the Quebec Ministry it is apparent that Apella fared far better than its sole staking competitor SOQUEM. The fact that a Quebec government entity would stake head to head against a free enterprise junior resource company like Apella is an anomaly in itself. Is this a new precedent for exploration in the well respected exploration locale of Quebec? Let's hope not, but I hear it is not all that uncommon. It does seem counterproductive to enticing investment into the province. It is understood that SOQUEM Inc., who had previously owned the claims on behalf of the Quebec Government for decades, didn't even appear as the registrant on the claim applications in fall 2007, but instead came forth weeks after the date of staking to take on Apella under the cover of a Power of Attorney.
Perhaps the award of only two of the 21 Lac Dore claims to SOQUEM will compel these two government entities to come to their senses and do the right thing: offer Apella their two claims and any additional rights in the Lac Dore staking decision. With these in hand, plus the previous award, Apella could likely arrange to secure the remaining 10 claims.
The nine claims awarded to Apella to date provide the company with a controlling interest in the Lac Dore Deposit mineralization - a significant position to start with. The company now has until September 15th, 2009 to provide the Quebec Ministry with its comments on the preliminary report. Apella's ultimate goal is to bring all of the 21 claims under its control and finally move the original Lac Dore Vanadium-Iron-Titanium Deposit forward towards production.
Accessible by both road and rail, and close to power lines, the Lac Dore Deposit has been extensively explored and developed since its Vanadium content was recognized in the mid-1960s. It is believed to hold 5.5 billion pounds, or 2.27 billion kilograms, of Vanadium Pentoxide. In 2002 a feasibility study recommended development of a mine and processing facilities, with capital costs estimated at $364-million, including equipment and infrastructure.
Iron-T Vanadium-Titanium-Iron Project
The Iron-T Vanadium-Titanium-Iron Project covers a significant portion of the renowned Bell River Complex near the town of Matagami, in the west-central region of Quebec. The property consists of 134 designated claim cells totaling 10,600 acres. Previous work on the Iron-T delineated and confirmed the presence of significant Vanadium, Titanium, and Iron mineralization over a distance of about 20 kilometres. Apella's most recent channel sampling program, the results of which are detailed in Apella's news release of October 30th, 2008, also yielded economic grades of Vanadium, Titanium and Iron. The company has since filed, on SEDAR, a NI 43-101 report on the Iron-T Project.
In the coming weeks Apella plans to embark on an ambitious drilling program that is hoping to show similarities between the Iron-T Vanadium-Titanium-Iron property and typical world class Vanadium deposits such as Lake Doré Complex in Chibougamau, Quebec, the Windimurra Complex in Australia, the Panzhihua layered intrusion in China, and the Bushveld Complex in South Africa.
WHAT IS VANADIUM?
A mineral primarily used in high-strength steel alloys, Vanadium offers strength and hardness while resisting corrosion. Vehicle axles, crankshafts, gears, surgical instruments, oil pipelines and high-speed tools are all created utilizing the resource.
Vanadium is also an essential component used in next-generation high-capacity batteries that can be charged and recharged indefinitely while remaining environmentally friendly. Hybrid automobiles and wind/solar/nuclear energy sources should all benefit from Vanadium batteries, as they are brought into the marketplace in the near future.
Vanadium also serves as a catalyst for sulphuric acid, plastic dyes, pigments, and glass, and is used in superconducting magnets.
LOOKING AHEAD
The future looks bright for Apella's Vanadium properties. As the global economy continues to recover, the appetite for resources strengthens, and technology plays a greater role in shaping the world of tomorrow, Vanadium prices could climb in the weeks and months ahead. Here are several examples of Vanadium's potential:
� Green Automobiles - Vanadium has been proven to double the energy density of conventional lithium ion batteries (the type of batteries used in most electric vehicles currently under development). Suburu has already decided to choose Vanadium lithium ion batteries for their concept electric vehicle, the G4e. As Vanadium becomes a key ingredient in the process of manufacturing electric vehicles, demand for the resource can increase dramatically.
� Green Energy - U.S. President Barack Obama has pledged to double the production of alternative energy in the next three years. Wind, solar, and nuclear energy sources require batteries that can retain large amounts of energy, while being capable of being recharged thousands and thousands of times. High capacity industrial Vanadium Redox Flow batteries are eco-friendly, can be charged and recharged more than 10,000 times, and are capable of maintaining their charge almost indefinitely.
� Interior Climate Control - Vanadium Dioxide (VO2) is a ground-breaking substance that may revolutionize interior climate control. Scientists at the University of Western Ontario have discovered that at 68 degrees Celsius Vanadium Dioxide turns from being a semiconductor to a metal. In its metallic state it reflects infrared light, or heat, away. When this material is coated as a thin film onto glass it has the potential of decreasing the greenhouse effect within cars and homes. The substance is now being tested and studied in laboratories worldwide, and a commercially-viable product will be potentially available within the next several years.
IN CLOSING
Apella is securely positioned as Vanadium becomes an essential ingredient of the green revolution set to occur all around us. With the global economy coming back to life, other uses for the mineral, primarily involving steel, can also help to propel its use forward.
Apella has an experienced management team led by Patrick O'Brien, President/CEO; Adrian O'Brien, Director Of Business Development; and Dr. Christian Derosier, Vice-President of Exploration. Their expertise is supplemented by an Advisory Board composed primarily of geologists and mining engineers with extensive industry experience in eastern Canada. The newest addition to the Advisory Board is Dr. Mehmet Taner, a world renowned Vanadium expert credited with the discovery of the Bell River Vanadium Deposit which is part of the Company's Iron-T project in Matagami, Quebec.
Through savvy management and foresight, Apella has potentially secured one of the largest combined sources of Vanadium in the world. The company is firmly poised to do great things in the future.
FOR FURTHER INFORMATION
T: 604-683-8990
F: 604-683-8903
Toll Free: 1-800-663-8990
E: info@apellaresources.com
www.apellaresources.com
To View Pictures of Lac Dore Exploration Program Click Here
Apella Resources - Aggressive Speculators Take Note!
by Peter Grandich at 11:20 AM on Tuesday, August 4th, 2009
INTRODUCTION
Vanadium is a unique strategic metal that is often in high demand but short supply. Currently, with worldwide stocks declining, the race is on to find new sources. However, nearly all the new potential areas where Vanadium can be extracted are located in politically unstable or logistically remote regions. A junior resource firm laying claim to potentially some of the largest Vanadium deposits on earth, all of which are located in politically secure Quebec, Canada, is Apella Resources. The company is making strong headway with their Vanadium-Titanium-Iron projects.
APELLA'S VANADIUM PROJECTS UPDATE
Apella's three Vanadium-Titanium-Iron projects are all located in the province of Quebec:
Lac Dore North Vanadium-Titanium-Iron Project
The Lac Dore North Vanadium-Titanium-Iron Project is 100-percent owned by Apella and encompasses 80 claims covering an area of approximately 2325 hectares (5745 acres). It covers the Northeast extension of the renowned Lac Dore Vanadium-Titanium-Iron Deposit, over a strike length of 2.6 kilometers (1.6 miles).
In July, Apella finished its initial 10-hole diamond drilling program on the site. As anticipated, the program successfully intersected disseminated to massive magnetite mineralization in boreholes numbered one through six. The company took advantage of this first round of drilling to use boreholes numbers seven thorough ten to test for the extremities of the potential mineralization.
The core from the drill program has now been cut and logged and 255 samples including blanks have been sent to ALS-Chemex in Val d'Or for processing.The results will be release once of the assays have been received and interpreted by Apella's geologists. This information, coupled with the company's existing database, should assist in establishing the next round of borehole drilling on the Lac Dore North Project, which the company plans to commence very shortly.
Lac Dore Vanadium-Titanium-Iron Project
Apella's Lac Dore Vanadium-Titanium-Iron Project consists of claims covering the majority of the Lac Dore Deposit, the largest Vanadium deposit in North America and second-largest in the world.
In 2007 Apella staked 21 claims covering the deposit after discovering they had become open for staking. A competing staker, SOQUEM Inc., which coincidently is a wholly owned subsidiary of la Société générale de financement du Québec ("SGF"), a Corporation owned by the Province of Quebec., launched a challenge for 21 of the claims. This month, Apella received a preliminary report from the Ministere des Ressources naturelles et de la Faune du Quebec (herein "Quebec Ministry") indicating that of the 11 claims awarded so far, nine are awarded to Apella with SOQUEM receiving just two. The outcome of the remaining 10 claims has yet to be decided.
From the preliminary report of the Quebec Ministry it is apparent that Apella fared far better than its sole staking competitor SOQUEM. The fact that a Quebec government entity would stake head to head against a free enterprise junior resource company like Apella is an anomaly in itself. Is this a new precedent for exploration in the well respected exploration locale of Quebec? Let's hope not, but I hear it is not all that uncommon. It does seem counterproductive to enticing investment into the province. It is understood that SOQUEM Inc., who had previously owned the claims on behalf of the Quebec Government for decades, didn't even appear as the registrant on the claim applications in fall 2007, but instead came forth weeks after the date of staking to take on Apella under the cover of a Power of Attorney.
Perhaps the award of only two of the 21 Lac Dore claims to SOQUEM will compel these two government entities to come to their senses and do the right thing: offer Apella their two claims and any additional rights in the Lac Dore staking decision. With these in hand, plus the previous award, Apella could likely arrange to secure the remaining 10 claims.
The nine claims awarded to Apella to date provide the company with a controlling interest in the Lac Dore Deposit mineralization - a significant position to start with. The company now has until September 15th, 2009 to provide the Quebec Ministry with its comments on the preliminary report. Apella's ultimate goal is to bring all of the 21 claims under its control and finally move the original Lac Dore Vanadium-Iron-Titanium Deposit forward towards production.
Accessible by both road and rail, and close to power lines, the Lac Dore Deposit has been extensively explored and developed since its Vanadium content was recognized in the mid-1960s. It is believed to hold 5.5 billion pounds, or 2.27 billion kilograms, of Vanadium Pentoxide. In 2002 a feasibility study recommended development of a mine and processing facilities, with capital costs estimated at $364-million, including equipment and infrastructure.
Iron-T Vanadium-Titanium-Iron Project
The Iron-T Vanadium-Titanium-Iron Project covers a significant portion of the renowned Bell River Complex near the town of Matagami, in the west-central region of Quebec. The property consists of 134 designated claim cells totaling 10,600 acres. Previous work on the Iron-T delineated and confirmed the presence of significant Vanadium, Titanium, and Iron mineralization over a distance of about 20 kilometres. Apella's most recent channel sampling program, the results of which are detailed in Apella's news release of October 30th, 2008, also yielded economic grades of Vanadium, Titanium and Iron. The company has since filed, on SEDAR, a NI 43-101 report on the Iron-T Project.
In the coming weeks Apella plans to embark on an ambitious drilling program that is hoping to show similarities between the Iron-T Vanadium-Titanium-Iron property and typical world class Vanadium deposits such as Lake Doré Complex in Chibougamau, Quebec, the Windimurra Complex in Australia, the Panzhihua layered intrusion in China, and the Bushveld Complex in South Africa.
WHAT IS VANADIUM?
A mineral primarily used in high-strength steel alloys, Vanadium offers strength and hardness while resisting corrosion. Vehicle axles, crankshafts, gears, surgical instruments, oil pipelines and high-speed tools are all created utilizing the resource.
Vanadium is also an essential component used in next-generation high-capacity batteries that can be charged and recharged indefinitely while remaining environmentally friendly. Hybrid automobiles and wind/solar/nuclear energy sources should all benefit from Vanadium batteries, as they are brought into the marketplace in the near future.
Vanadium also serves as a catalyst for sulphuric acid, plastic dyes, pigments, and glass, and is used in superconducting magnets.
LOOKING AHEAD
The future looks bright for Apella's Vanadium properties. As the global economy continues to recover, the appetite for resources strengthens, and technology plays a greater role in shaping the world of tomorrow, Vanadium prices could climb in the weeks and months ahead. Here are several examples of Vanadium's potential:
� Green Automobiles - Vanadium has been proven to double the energy density of conventional lithium ion batteries (the type of batteries used in most electric vehicles currently under development). Suburu has already decided to choose Vanadium lithium ion batteries for their concept electric vehicle, the G4e. As Vanadium becomes a key ingredient in the process of manufacturing electric vehicles, demand for the resource can increase dramatically.
� Green Energy - U.S. President Barack Obama has pledged to double the production of alternative energy in the next three years. Wind, solar, and nuclear energy sources require batteries that can retain large amounts of energy, while being capable of being recharged thousands and thousands of times. High capacity industrial Vanadium Redox Flow batteries are eco-friendly, can be charged and recharged more than 10,000 times, and are capable of maintaining their charge almost indefinitely.
� Interior Climate Control - Vanadium Dioxide (VO2) is a ground-breaking substance that may revolutionize interior climate control. Scientists at the University of Western Ontario have discovered that at 68 degrees Celsius Vanadium Dioxide turns from being a semiconductor to a metal. In its metallic state it reflects infrared light, or heat, away. When this material is coated as a thin film onto glass it has the potential of decreasing the greenhouse effect within cars and homes. The substance is now being tested and studied in laboratories worldwide, and a commercially-viable product will be potentially available within the next several years.
IN CLOSING
Apella is securely positioned as Vanadium becomes an essential ingredient of the green revolution set to occur all around us. With the global economy coming back to life, other uses for the mineral, primarily involving steel, can also help to propel its use forward.
Apella has an experienced management team led by Patrick O'Brien, President/CEO; Adrian O'Brien, Director Of Business Development; and Dr. Christian Derosier, Vice-President of Exploration. Their expertise is supplemented by an Advisory Board composed primarily of geologists and mining engineers with extensive industry experience in eastern Canada. The newest addition to the Advisory Board is Dr. Mehmet Taner, a world renowned Vanadium expert credited with the discovery of the Bell River Vanadium Deposit which is part of the Company's Iron-T project in Matagami, Quebec.
Through savvy management and foresight, Apella has potentially secured one of the largest combined sources of Vanadium in the world. The company is firmly poised to do great things in the future.
FOR FURTHER INFORMATION
T: 604-683-8990
F: 604-683-8903
Toll Free: 1-800-663-8990
E: info@apellaresources.com
www.apellaresources.com
Apella Resources Inc.: Frontline Uranium Project; Subsidiary "Priority Uranium Corporation" Formed & Exploration Program Outlined - Aug 6, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
Apella Resources Inc.: Iron-T Iron-Vanadium-Titanium Project Diamond Drilling to Commence - Oct 05, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
Apella Resources Inc.: Diamond Drilling Commences Iron-T Iron-Vanadium-Titanium Project - Oct 26, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN), and its Board of Directors are pleased to announce that Apella has now commenced its 10-hole diamond drill program on its 100% owned Iron-T Iron-Vanadium-Titanium project. This is the first set of holes that Apella has drilled on the Iron-T project. Geophysical targets had been identified from previous geophysics. Line cutting has now been completed for this phase and detailed mapping will be carried out simultaneously with the drilling.
Apella is currently considering expanding the drill program and will advise on that decision in the coming days.
The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella's Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. The Iron-T Project is Apella's largest Iron-Vanadium-Titanium project and will be the focus of most of Apella's diamond drilling and exploration endeavours over the coming months.
In other business Christian Derosier has had to resign as Apella's V.P. Exploration for personal issues. The company would like to thank Christian for all of the quality dedication and commitment he has provided in building Apella's significant portfolio of Iron-Vanadium-Titanium projects for its shareholders.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien - Chairman "
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN), and its Board of Directors are pleased to announce that Apella has now commenced its 10-hole diamond drill program on its 100% owned Iron-T Iron-Vanadium-Titanium project. This is the first set of holes that Apella has drilled on the Iron-T project. Geophysical targets had been identified from previous geophysics. Line cutting has now been completed for this phase and detailed mapping will be carried out simultaneously with the drilling.
Apella is currently considering expanding the drill program and will advise on that decision in the coming days.
The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella's Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. The Iron-T Project is Apella's largest Iron-Vanadium-Titanium project and will be the focus of most of Apella's diamond drilling and exploration endeavours over the coming months.
In other business Christian Derosier has had to resign as Apella's V.P. Exploration for personal issues. The company would like to thank Christian for all of the quality dedication and commitment he has provided in building Apella's significant portfolio of Iron-Vanadium-Titanium projects for its shareholders.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien - Chairman "
Apella Resources Inc.: Diamond Drilling Extended & Complete Iron-T Iron-Vanadium-Titanium Project - Nov 10, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that Apella has now successfully completed its initial drilling program on the Iron-T Vanadium-Iron-Titanium Project. The original 10-hole 1000 metre program budgeted for and announced October 26th was increased by management to 1800 metres at the request of Apella's geological field crew. Three holes were added bringing the total holes to thirteen. A number of initial ten holes were revisited and extended in depth. The Company is planning a follow up release in order to provide details of the drill holes.
The remaining core samples are now being logged and several hundred samples in total will be processed for Vanadium, Iron and Titanium by ALS Chemex Canada and Perth, Australia.
The Company is now planning its Phase-2 diamond drill program for the Iron-T and estimates that the next phase will be considerably more extensive than Phase-1.
The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella's Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. The Iron-T Project is Apella's largest Canadian Iron-Vanadium-Titanium project and will be the focus of most of Apella's diamond drilling and exploration endeavours over the coming months.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien – Chairman "
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that Apella has now successfully completed its initial drilling program on the Iron-T Vanadium-Iron-Titanium Project. The original 10-hole 1000 metre program budgeted for and announced October 26th was increased by management to 1800 metres at the request of Apella's geological field crew. Three holes were added bringing the total holes to thirteen. A number of initial ten holes were revisited and extended in depth. The Company is planning a follow up release in order to provide details of the drill holes.
The remaining core samples are now being logged and several hundred samples in total will be processed for Vanadium, Iron and Titanium by ALS Chemex Canada and Perth, Australia.
The Company is now planning its Phase-2 diamond drill program for the Iron-T and estimates that the next phase will be considerably more extensive than Phase-1.
The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella's Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. The Iron-T Project is Apella's largest Canadian Iron-Vanadium-Titanium project and will be the focus of most of Apella's diamond drilling and exploration endeavours over the coming months.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien – Chairman "
Smartstox Interview(Oct ´09) -der S. Hunt ist lustig, bei dem sieht man schon direkt die $$s in den Augen :
www.smartstox.com/interviews/apa/
www.smartstox.com/reports/apa.pdf
Hallo mickefett,
Also ein paar Punkte von Apella sehen wirklich interessant aus und damit meine ich noch nicht mal zwangsläufig die riesen Schätzung zu Lac Dore. Ich hab keine Apella Aktien, könnte es mir inzwischen aber eventl. mal vorstellen, m.E.n. kööönnte da wirklich mal eine richtig große Sache draus werden. Die Rechtsstreitigkeiten/Besitzansprüche könnten sogar bei einem negativen Ausgang(abgesehen davon, dass Ihnen schon jetzt knapp die Hälfte gehört) ohne größere Probleme zu verkraften sein(so wie von P. Grandich in Posting #37 beschrieben ist das ja richtig dreist von der Provinz Quebec/SOQUEM), da von von Seiten Apella´s vermutet wird, dass Lac Dore North sogar noch einen Tick mehr Resourcenpotenzial hat. Dazu kommt dann noch das Iron-T Projekt(20km Streichlänge).
Gruß,
Popeye
:www.smartstox.com/interviews/apa/
www.smartstox.com/reports/apa.pdf
Hallo mickefett,
Also ein paar Punkte von Apella sehen wirklich interessant aus und damit meine ich noch nicht mal zwangsläufig die riesen Schätzung zu Lac Dore. Ich hab keine Apella Aktien, könnte es mir inzwischen aber eventl. mal vorstellen, m.E.n. kööönnte da wirklich mal eine richtig große Sache draus werden. Die Rechtsstreitigkeiten/Besitzansprüche könnten sogar bei einem negativen Ausgang(abgesehen davon, dass Ihnen schon jetzt knapp die Hälfte gehört) ohne größere Probleme zu verkraften sein(so wie von P. Grandich in Posting #37 beschrieben ist das ja richtig dreist von der Provinz Quebec/SOQUEM), da von von Seiten Apella´s vermutet wird, dass Lac Dore North sogar noch einen Tick mehr Resourcenpotenzial hat. Dazu kommt dann noch das Iron-T Projekt(20km Streichlänge).
Gruß,
Popeye
Moin!
Finde Apella auch interessant, hab aber den Einstieg verpasst.
Und momentan zu teuer!?
Apela müsste doch eigentlich bald die Zahl der AS (authorized shares) erhöhen, oder?
Authorized Capital
100,000,000 Common Shares
Issued Capital as of December 31, 2008
Common Shares Issued & Outstanding: 92,474,350
Warrants Issued & Outstanding: 10,127,832
Options Issued & Outstanding: 14,818,280
Gruß
Julia
Finde Apella auch interessant, hab aber den Einstieg verpasst.
Und momentan zu teuer!?
Apela müsste doch eigentlich bald die Zahl der AS (authorized shares) erhöhen, oder?
Authorized Capital
100,000,000 Common Shares
Issued Capital as of December 31, 2008
Common Shares Issued & Outstanding: 92,474,350
Warrants Issued & Outstanding: 10,127,832
Options Issued & Outstanding: 14,818,280
Gruß
Julia
Apella Forms Vanadium-Iron-Titanium Subsidiary-"Power Vanadium Corporation" - Nov 17, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that the Company has formed a wholly-owned subsidiary Power Vanadium Corporation (herein referred to as "Power"). At present Apella owns all of the share capital of Power which includes a combination of single voting and multiple voting common shares. The multi-voting shares will be placed in a trust and voted independently of Apella.
Power will be positioned as a highly visible and identifiable, pure Vanadium-Iron-Titanium entity. Power will provide Apella with a vehicle within which Apella can finance, operate, and develop its Iron-Vanadium-Titanium projects without significant affect on the other gold, copper and nickel assets within Apella. It will provide a structure within which it can more simply arrange transactions focused on the financing, acquisition, disposition, exploration and development of the pure Vanadium, Iron, and Titanium Projects.
It is anticipated that Apella's Iron-T, Lac Dore and Lac Dore North interests will all be owned and operated under Power.
All of these extensive Vanadium-Iron-Titanium projects are located in the Province of Quebec, Canada.
The Lac Dore North Iron-Vanadium-Titanium Project encompasses 18 claims covering an area of approximately 300 hectares (741 acres) over a strike length of approximately 3.0 kilometers, covering the northeast extension of the well known 5.5 billion pound Lac Dore Vanadium Deposit. Apella carried out an extensive channel sampling program on the Lac Dore North and followed this up with line cutting, geophysics and diamond drilling from which it is awaiting a report on some 250 drill core assays processed by ALS-Chemex laboratories in Canada and Perth, Australia.
Apella's interest in the 5.5 billion pound Lac Dore Deposit, the world's second largest Vanadium deposit will become part of the projects developed under Power.
The Iron-T Vanadium-Iron-Titanium Project has been the subject of channel sampling, mapping and diamond drilling by Apella. The Iron-T is located near the mining town Matagami, Quebec. The extensive Iron-T Project now totals 134 mineral claims (10,600 acres/4,289 ha) and a strike length of 10 miles (16 kms). Apella has carried out extensive trenching and targeted diamond drilling on the Iron-T. Work on the Iron-T has now confirmed the presence of significant Vanadium, Titanium, and Iron mineralization. The mineralization on Apella's Iron-T project bears striking similarities to such world class deposits as the Rhovan Deposit in South Africa. The nearby mining town of Matagami can provide housing, servicing, supplies, consumables and transport facilities including railway access as required for an efficient mining operation.
Currently, all mined vanadium utilized in North America is sourced internationally and imported. A number of these international source countries present a significant risk, politically, to present and future North American supply chains; as does the exposure to current sources relied upon within the international petroleum sector where Vanadium is produced as a by-product. Our more favourable Canadian based projects present an exceptional and rare opportunity to create a stable and reliable North American source and supply for vanadium, vanadium enriched magnetite iron ore, vanadium pentoxide, and titanium. This would be in addition to the obvious opportunities of providing the vast developing markets of China, India, the Far-East and Europe with ship-ready magnetite iron ore, already enriched with vanadium, at a significant price premium for their steel production. These type of Magnetite sourced Vanadium-Iron-Titanium deposits that we are identifying and developing are not very common. In fact, this is a rare and unique opportunity for Apella's and now Power's stakeholders.
There are multiple opportunities with these projects. First and foremost, is the opportunity to quickly establish a world-class, low cost, operation supplying Vanadium enriched Iron-Ore. This ore could simply be processed to meet the specifications of the world's steel mills eliminating much of their requirement for blending that's commonly utilized throughout the industry in the making of alloy steel. On the other hand, Apella could extend the possibilities significantly by entering into the Vanadium and Titanium sectors. Both of the key strategic metals present their own unique opportunities and unlimited markets to be addressed. The potential for very profitable production of both Ferrovanadium and Vanadium Pentoxide V2O5 exists on all of Apella's projects.
On another note, the Vanadium industry itself is relatively young and new uses for Vanadium are continually being identified. The primary use for Vanadium remains for production of steel alloys. Vanadium and Titanium are also extensively used for aerospace engines and airframe materials. Today, Asia has successfully implemented Vanadium in a number of battery technologies superior to previous standards. These next generation batteries represent a green technology that if fully commercialized, would have a significant global impact. The storage capacity for these batteries is suitable for wind, solar, nuclear, backup systems, electric automobiles and many other applications. With the constant depletion of the world's petroleum supplies, which is a key source of Vanadium for North America today, and with environmental and political issues shifting focus to more practical solutions, the outcome of all this is creating a new market for mined vanadium and possibly a competitive edge for the North American economies.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien – Chairman "
@Julia,
Das dürfte recht wahrscheinlich sein.
Gruß,
Popeye
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that the Company has formed a wholly-owned subsidiary Power Vanadium Corporation (herein referred to as "Power"). At present Apella owns all of the share capital of Power which includes a combination of single voting and multiple voting common shares. The multi-voting shares will be placed in a trust and voted independently of Apella.
Power will be positioned as a highly visible and identifiable, pure Vanadium-Iron-Titanium entity. Power will provide Apella with a vehicle within which Apella can finance, operate, and develop its Iron-Vanadium-Titanium projects without significant affect on the other gold, copper and nickel assets within Apella. It will provide a structure within which it can more simply arrange transactions focused on the financing, acquisition, disposition, exploration and development of the pure Vanadium, Iron, and Titanium Projects.
It is anticipated that Apella's Iron-T, Lac Dore and Lac Dore North interests will all be owned and operated under Power.
All of these extensive Vanadium-Iron-Titanium projects are located in the Province of Quebec, Canada.
The Lac Dore North Iron-Vanadium-Titanium Project encompasses 18 claims covering an area of approximately 300 hectares (741 acres) over a strike length of approximately 3.0 kilometers, covering the northeast extension of the well known 5.5 billion pound Lac Dore Vanadium Deposit. Apella carried out an extensive channel sampling program on the Lac Dore North and followed this up with line cutting, geophysics and diamond drilling from which it is awaiting a report on some 250 drill core assays processed by ALS-Chemex laboratories in Canada and Perth, Australia.
Apella's interest in the 5.5 billion pound Lac Dore Deposit, the world's second largest Vanadium deposit will become part of the projects developed under Power.
The Iron-T Vanadium-Iron-Titanium Project has been the subject of channel sampling, mapping and diamond drilling by Apella. The Iron-T is located near the mining town Matagami, Quebec. The extensive Iron-T Project now totals 134 mineral claims (10,600 acres/4,289 ha) and a strike length of 10 miles (16 kms). Apella has carried out extensive trenching and targeted diamond drilling on the Iron-T. Work on the Iron-T has now confirmed the presence of significant Vanadium, Titanium, and Iron mineralization. The mineralization on Apella's Iron-T project bears striking similarities to such world class deposits as the Rhovan Deposit in South Africa. The nearby mining town of Matagami can provide housing, servicing, supplies, consumables and transport facilities including railway access as required for an efficient mining operation.
Currently, all mined vanadium utilized in North America is sourced internationally and imported. A number of these international source countries present a significant risk, politically, to present and future North American supply chains; as does the exposure to current sources relied upon within the international petroleum sector where Vanadium is produced as a by-product. Our more favourable Canadian based projects present an exceptional and rare opportunity to create a stable and reliable North American source and supply for vanadium, vanadium enriched magnetite iron ore, vanadium pentoxide, and titanium. This would be in addition to the obvious opportunities of providing the vast developing markets of China, India, the Far-East and Europe with ship-ready magnetite iron ore, already enriched with vanadium, at a significant price premium for their steel production. These type of Magnetite sourced Vanadium-Iron-Titanium deposits that we are identifying and developing are not very common. In fact, this is a rare and unique opportunity for Apella's and now Power's stakeholders.
There are multiple opportunities with these projects. First and foremost, is the opportunity to quickly establish a world-class, low cost, operation supplying Vanadium enriched Iron-Ore. This ore could simply be processed to meet the specifications of the world's steel mills eliminating much of their requirement for blending that's commonly utilized throughout the industry in the making of alloy steel. On the other hand, Apella could extend the possibilities significantly by entering into the Vanadium and Titanium sectors. Both of the key strategic metals present their own unique opportunities and unlimited markets to be addressed. The potential for very profitable production of both Ferrovanadium and Vanadium Pentoxide V2O5 exists on all of Apella's projects.
On another note, the Vanadium industry itself is relatively young and new uses for Vanadium are continually being identified. The primary use for Vanadium remains for production of steel alloys. Vanadium and Titanium are also extensively used for aerospace engines and airframe materials. Today, Asia has successfully implemented Vanadium in a number of battery technologies superior to previous standards. These next generation batteries represent a green technology that if fully commercialized, would have a significant global impact. The storage capacity for these batteries is suitable for wind, solar, nuclear, backup systems, electric automobiles and many other applications. With the constant depletion of the world's petroleum supplies, which is a key source of Vanadium for North America today, and with environmental and political issues shifting focus to more practical solutions, the outcome of all this is creating a new market for mined vanadium and possibly a competitive edge for the North American economies.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien – Chairman "
@Julia,
Das dürfte recht wahrscheinlich sein.
Gruß,
Popeye
Robert Collette Appointed to Advisory Boards of Apella and Power Vanadium - Nov 19, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
Apella Resources forms Power Vanadium to develop its vanadium-iron-titanium projects - PI - Nov 20, 2009
- by Andre Lamberti -
www.proactiveinvestors.com/companies/news/3055/apella-resour…
"Apella Resources Inc (TSX-V: APA) said it has formed wholly-owned subsidiary Power Vanadium Corp which will be positioned as a pure vanadium-iron-titanium entity to hold and operate Apella's Iron-T, Lac Dore and Lac Dore North interests, all located in Quebec province.
Power will provide Apella with a vehicle within which Apella can finance, operate, and develop its iron-vanadium-titanium projects without significant effect on the other gold, copper and nickel assets within Apella.
The Lac Dore North iron-vanadium-titanium project encompasses 18 claims covering an area of approximately 741 acres over a strike length of approximately 3.0 kilometers, covering the northeast extension of the 5.5 billion pound Lac Dore vanadium deposit. Apella carried out an extensive channel sampling program on the Lac Dore North and followed this up with line cutting, geophysics and diamond drilling from which it is awaiting a report on some 250 drill core assays processed by ALS-Chemex laboratories in Canada and Perth, Australia.
The Iron-T iron-vanadium-titanium project has been the subject of channel sampling, mapping and diamond drilling by Apella. The Iron-T is located near the mining town of Matagami, Quebec. The project totals 134 mineral claims of 10,600 acres and a strike length of 16 kilometres. Apella has carried out extensive trenching and targeted diamond drilling on the Iron-T. Work has now confirmed the presence of significant vanadium, titanium, and iron mineralization.
Apella said its Canada based projects present an exceptional and rare opportunity to create a stable and reliable North American source and supply for vanadium, vanadium enriched magnetite iron ore, vanadium pentoxide, and titanium. This would be in addition to the opportunities of providing the vast developing markets of China, India, the Far-East and Europe with ship-ready magnetite iron ore, already enriched with vanadium, at a significant price premium for their steel production, it added.
Profile
Apella Resources Inc. has established itself as a major player in the junior resource sector, earning Tier 1 Issuer status on the TSX Venture Exchange. By assembling a team of renowned industry professionals, and creating an unparalleled portfolio of world class Vanadium-Titanium-Iron projects, Apella has placed itself at the forefront of worldwide Vanadium development. Apella’s projects are located in the Canadian province of Quebec. "
- by Andre Lamberti -
www.proactiveinvestors.com/companies/news/3055/apella-resour…
"Apella Resources Inc (TSX-V: APA) said it has formed wholly-owned subsidiary Power Vanadium Corp which will be positioned as a pure vanadium-iron-titanium entity to hold and operate Apella's Iron-T, Lac Dore and Lac Dore North interests, all located in Quebec province.
Power will provide Apella with a vehicle within which Apella can finance, operate, and develop its iron-vanadium-titanium projects without significant effect on the other gold, copper and nickel assets within Apella.
The Lac Dore North iron-vanadium-titanium project encompasses 18 claims covering an area of approximately 741 acres over a strike length of approximately 3.0 kilometers, covering the northeast extension of the 5.5 billion pound Lac Dore vanadium deposit. Apella carried out an extensive channel sampling program on the Lac Dore North and followed this up with line cutting, geophysics and diamond drilling from which it is awaiting a report on some 250 drill core assays processed by ALS-Chemex laboratories in Canada and Perth, Australia.
The Iron-T iron-vanadium-titanium project has been the subject of channel sampling, mapping and diamond drilling by Apella. The Iron-T is located near the mining town of Matagami, Quebec. The project totals 134 mineral claims of 10,600 acres and a strike length of 16 kilometres. Apella has carried out extensive trenching and targeted diamond drilling on the Iron-T. Work has now confirmed the presence of significant vanadium, titanium, and iron mineralization.
Apella said its Canada based projects present an exceptional and rare opportunity to create a stable and reliable North American source and supply for vanadium, vanadium enriched magnetite iron ore, vanadium pentoxide, and titanium. This would be in addition to the opportunities of providing the vast developing markets of China, India, the Far-East and Europe with ship-ready magnetite iron ore, already enriched with vanadium, at a significant price premium for their steel production, it added.
Profile
Apella Resources Inc. has established itself as a major player in the junior resource sector, earning Tier 1 Issuer status on the TSX Venture Exchange. By assembling a team of renowned industry professionals, and creating an unparalleled portfolio of world class Vanadium-Titanium-Iron projects, Apella has placed itself at the forefront of worldwide Vanadium development. Apella’s projects are located in the Canadian province of Quebec. "
Apella Resources Inc.: Promising Drill Results at Lac Dore North Vanadium-Iron Titanium Project - Nov 30, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) is pleased to announce encouraging drill results from the Lac Dore North vanadium project in northern Quebec. These preliminary results are indicative of a rare, high grade and mineable vanadium deposit and lend support to the project's economic feasibility. In addition, these assets are strategically located in areas with excellent access by rail and highway. This is a further step toward Apella's end goal of establishing a one of a kind stable, domestic supply of vanadium.
Apella CEO, Patrick O'Brien states, "This is an outstanding start to our development of the Lac Dore North project. Due to its proximity to the well-known Lac Dore Vanadium-Iron-Titanium deposit, we feel this drilling program has confirmed the extension of this unique formation. We are in the process of compiling as much precise geological data as possible at this early stage. We consider vanadium to be one of the world's most important elements, given its steel strengthening properties and bright future in energy storage."
The 2009 Phase 1 diamond drilling and 2009 channel sampling programs were carried out from July to September on Apella's wholly owned Lac Dore North Vanadium-Iron-Titanium (V-Fe-Ti) Project at Chibougamau, Quebec. The 2009 exploration program has provided very important information that will now be used by Apella in targeting for its next phase of exploration and diamond drilling.
Technical Information:
A total of ten NQ core size diamond drill holes totaling 993m in length were collared as an initial diamond drilling program on the Lake Dore North project. Holes LDN-09-01, LDN-09-03, LDN-09-04 and LDN-09-06 were bored to test at depth and over a strike length of 100m the extension of the iron oxides mineralization of the two large stripped areas cleared by Apella in the fall of 2008. Apella's drill hole LDN-09-02 was collared 120 metres S-SW of the stripping area to intersect Mackenzie Bay's 1998 iron oxides mineralization obtained in hole MKB-01-02. Exploration holes LDN-09-05 and LDN-09-07 to LDN-09-10 were widely distributed over a surface distance of 1850m along the airborne magnetic anomaly to test for possible stratigraphic extensions. They returned lower oxide contents because they were not collared close enough to the magnetic airborne anomaly axis. In addition, the presence of a set of NE oriented faults which displaced the mineralized layers explained the weaker results in these particular holes. These faults are interpreted from topographic features and displacements of the magnetic axis.
The best assay results were obtained over the area Apella had earlier stripped and these more favourable holes returned values between 0.46% V2O5 to 0.64% V2O5 over lengths varying from 0.71m to 5.28m along core length in hole LDN-09-01; 0.46% V2O5 over 0.79m in hole LDN-09-04; 0.47% V2O5 over 4.25m and 0.45% V2O5 over 0.50m in hole LDN-09-06. Apella can now target its next round of diamond drilling at the more favourably mineralized target areas.
The mineralized Fe2O3, TiO2, and V2O5 zones in the Lac Dore North area are commonly multi-layered in nature. Due to folds and other characteristics the mineralized intersections Apella would expect to encounter are characterized by short multiple intersections of mineralization, layered throughout the core. Long continuous intersections of mineralization are not the norm in this area.
Significant assays results and calculated weighted grades for Fe2O3, TiO2, V and V2O5 are summarized in the following table.
--------------------------------------------------------------------------
2009 DIAMOND DRILLING PROGRAM - LAKE DORE NORTH SIGNIFICANT ASSAY RESULTS
Calculated weighted grade with interval value greater than 0.25% V2O5
--------------------------------------------------------------------------
DDH NU FROM (m) TO (m) LENGTH (m) Fe2O3 (%) TiO2 (%) V (%) V2O5 (%)
--------------------------------------------------------------------------
LDN-09-01 2.62 3.27 0.65 29.25 5.59 0.230 0.411
--------------------------------------------------------------------------
LDN-09-01 7.75 12.52 4.77 30.66 5.78 0.235 0.419
--------------------------------------------------------------------------
LDN-09-01 15.12 19.10 3.98 21.36 3.77 0.153 0.273
--------------------------------------------------------------------------
LDN-09-01 20.60 27.35 6.75 24.86 3.85 0.164 0.293
--------------------------------------------------------------------------
LDN-09-01 33.96 36.60 2.64 28.27 3.92 0.160 0.286
--------------------------------------------------------------------------
LDN-09-01 39.12 39.83 0.71 43.43 7.54 0.280 0.500
--------------------------------------------------------------------------
LDN-09-01 47.40 48.02 0.62 41.93 6.35 0.240 0.428
--------------------------------------------------------------------------
LDN-09-01 50.61 51.68 1.07 54.88 9.60 0.360 0.643
--------------------------------------------------------------------------
LDN-09-01 53.65 60.62 6.97 35.08 5.70 0.229 0.409
--------------------------------------------------------------------------
LDN-09-01 66.25 67.25 1.00 30.73 5.00 0.200 0.357
--------------------------------------------------------------------------
LDN-09-01 70.70 75.98 5.28 39.23 6.27 0.255 0.456
--------------------------------------------------------------------------
LDN-09-01 78.04 79.60 1.56 43.20 7.48 0.290 0.518
--------------------------------------------------------------------------
LDN-09-01 80.49 85.88 5.39 35.28 5.80 0.226 0.403
--------------------------------------------------------------------------
LDN-09-01 86.50 94.87 8.37 30.19 4.97 0.196 0.349
--------------------------------------------------------------------------
LDN-09-01 95.76 97.11 1.35 29.10 4.63 0.180 0.321
--------------------------------------------------------------------------
LDN-09-02 72.37 76.29 3.92 28.79 7.49 0.143 0.255
--------------------------------------------------------------------------
LDN-09-02 97.85 98.85 1.00 26.72 6.53 0.195 0.348
--------------------------------------------------------------------------
LDN-09-03 63.90 64.35 0.45 45.06 11.32 0.150 0.268
--------------------------------------------------------------------------
LDN-09-03 66.35 67.98 1.63 48.96 13.08 0.140 0.250
--------------------------------------------------------------------------
LDN-09-03 73.83 78.29 4.46 29.54 5.14 0.146 0.262
--------------------------------------------------------------------------
LDN-09-04 10.17 14.41 4.24 30.49 5.07 0.168 0.301
--------------------------------------------------------------------------
LDN-09-04 31.80 38.15 6.35 29.40 4.64 0.193 0.345
--------------------------------------------------------------------------
LDN-09-04 39.65 43.17 3.52 24.14 4.14 0.153 0.274
--------------------------------------------------------------------------
LDN-09-04 47.54 49.25 1.71 26.75 4.29 0.160 0.286
--------------------------------------------------------------------------
LDN-09-04 53.61 57.41 3.80 30.49 5.01 0.166 0.296
--------------------------------------------------------------------------
LDN-09-04 65.10 65.89 0.79 42.39 6.63 0.260 0.464
--------------------------------------------------------------------------
LDN-09-04 67.15 68.33 1.18 31.03 4.40 0.180 0.321
--------------------------------------------------------------------------
LDN-09-06 5.47 9.72 4.25 41.02 6.34 0.262 0.468
--------------------------------------------------------------------------
LDN-09-06 10.62 12.15 1.53 29.61 4.54 0.190 0.339
--------------------------------------------------------------------------
LDN-09-06 13.04 14.61 1.57 32.84 5.26 0.210 0.375
--------------------------------------------------------------------------
LDN-09-06 18.55 20.27 1.72 31.61 5.19 0.200 0.357
--------------------------------------------------------------------------
LDN-09-06 24.63 25.83 1.20 35.46 5.64 0.220 0.393
--------------------------------------------------------------------------
LDN-09-06 36.00 36.60 0.60 26.55 3.38 0.160 0.286
--------------------------------------------------------------------------
LDN-09-06 50.30 52.75 2.45 22.95 3.76 0.159 0.285
--------------------------------------------------------------------------
LDN-09-06 65.20 65.70 0.50 37.14 5.22 0.250 0.446
--------------------------------------------------------------------------
LDN-09-06 66.90 68.15 1.25 38.50 3.83 0.180 0.321
--------------------------------------------------------------------------
LDN-09-06 69.45 70.75 1.30 34.39 3.36 0.150 0.268
--------------------------------------------------------------------------
It is noted that McKenzie Bay's historic hole MKB-01-01 and Apella's recent holes LDN-09-01 and LDN-09-06 have been bored on the same line, in a NW direction. Mineralization intersected by the three holes covers a horizontal width of about 160m. Semi to massive oxide mineralized zones dip at 70 to 90 degrees. Apella's hole LDN-09-02 was set up at 100m between holes MKB-01-01 and MKB-01-02 in order to intersect the extension to the SW of the oxide mineralization found previously. Apella's diamond drill hole LDN-09-02 confirmed the presence of two mineralized zones, 3.92m and 1.00m thick respectively. Apella's holes LDN-09-03 and LDN-09-04 were bored on the same line with the target to intersect at depth the NE extension of the mineralization un-covered by the 2008 stripping. They intersected respectively 3 and 7 mineralized layers representing a horizontal width of about 80m.
Following the diamond drilling program, Apella carried out a detailed geological mapping and a systematic channel sampling program mainly on the two large stripped areas cleared by Apella in the fall of 2008 (see news release dated October 30th, 2008).
The following table summarizes all calculated weighted grade of assay results for Fe2O3, TiO2, V and V2O5 obtained from the 2008 and 2009 channel sampling program. The 2009 trenching program was carried out simultaneously with the 2009 diamond drilling program from July through September, 2009.
----------------------------------------------------------------------
2008 &2009 CHANNEL SAMPLING PROGRAMS - LAKE DORE NORTH
Calculated weighted grade with interval value greater than 0.25% V2O5
----------------------------------------------------------------------
CHANNEL
NUMBER LENGTH (m) Fe2O3(%) TiO2(%) V(%) V2O5(%)
----------------------------------------------------------------------
V-2A 2.00 49.65 11.33 0.57 1.01
----------------------------------------------------------------------
V-2B 4.10 54.55 11.01 0.54 0.96
----------------------------------------------------------------------
V-7 0.80 46.80 10.25 0.54 0.96
----------------------------------------------------------------------
V-16B 1.00 52.55 9.11 0.45 0.80
----------------------------------------------------------------------
V-9 2.00 38.70 8.16 0.42 0.74
----------------------------------------------------------------------
V-1A 2.00 35.25 8.81 0.40 0.71
----------------------------------------------------------------------
V-3C 0.50 34.80 7.72 0.39 0.70
----------------------------------------------------------------------
V-14 4.70 49.58 8.01 0.38 0.69
----------------------------------------------------------------------
V-1B 3.50 34.60 7.92 0.38 0.68
----------------------------------------------------------------------
V-18A 1.50 48.51 6.98 0.38 0.68
----------------------------------------------------------------------
V-13B 2.30 45.46 7.68 0.35 0.63
----------------------------------------------------------------------
V-4A 2.00 32.10 6.79 0.36 0.63
----------------------------------------------------------------------
V-19 5.00 42.27 7.31 0.35 0.62
----------------------------------------------------------------------
V-13A 2.00 42.95 7.30 0.34 0.60
----------------------------------------------------------------------
V-6A 3.50 31.53 6.84 0.34 0.60
----------------------------------------------------------------------
V-4B 1.50 30.40 6.34 0.32 0.58
----------------------------------------------------------------------
V-5 1.00 29.20 6.32 0.32 0.57
----------------------------------------------------------------------
V-10 5.00 41.38 6.72 0.32 0.56
----------------------------------------------------------------------
V-2C 2.00 31.59 7.02 0.31 0.56
----------------------------------------------------------------------
V-16A 6.00 35.83 5.95 0.28 0.50
----------------------------------------------------------------------
V-12 7.00 36.30 5.77 0.27 0.48
----------------------------------------------------------------------
V-11 7.00 36.11 5.35 0.26 0.47
----------------------------------------------------------------------
V-3B 2.00 23.23 4.96 0.24 0.44
----------------------------------------------------------------------
V-17 12.00 31.92 4.79 0.24 0.43
----------------------------------------------------------------------
V-10A 3.60 33.41 5.11 0.23 0.41
----------------------------------------------------------------------
V-6 21.00 30.41 4.88 0.22 0.40
----------------------------------------------------------------------
V-6B 2.00 20.53 4.29 0.20 0.36
----------------------------------------------------------------------
V-8A 2.00 20.55 4.08 0.20 0.35
----------------------------------------------------------------------
V-15 3.00 25.95 4.11 0.18 0.32
----------------------------------------------------------------------
V-3A 1.00 24.10 4.26 0.18 0.32
----------------------------------------------------------------------
V-10B 4.20 28.06 3.85 0.17 0.31
----------------------------------------------------------------------
V-8B 2.00 15.63 3.07 0.15 0.26
----------------------------------------------------------------------
Assay Method and Quality Control
A total of 247 drill core samples were collected and sawn in half for sampling. One half was sent for assay and the other half retained for future reference. A total of 86 channel samples were collected from the Lake Dore North stripping areas by Apella's personnel during the 2009 channel sampling program conducted in August and September. All samples were properly tagged, sealed in the field, and stored in Apella's core shack facilities at Chibougamau. Following standard preparation at Table jamesienne de concertation miniere at Chibougamau, all pulps were sent to ALS-Chemex, Val d'Or, Quebec, a commercial laboratory with ISO 9001:2000 certification. The QA/QC program included blanks insert for each batch of samples.
All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10).
To convert from vanadium to vanadium pentoxide (V2O5) as used by the industry, assay results for vanadium have to be multiply by a factor of 1.785.
The qualified person for the purposes of this news release is Mr. Roger Moar, Consulting Geologist, P.Geo and is a Qualified Person under National Instrument 43-101 guidelines.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman "
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) is pleased to announce encouraging drill results from the Lac Dore North vanadium project in northern Quebec. These preliminary results are indicative of a rare, high grade and mineable vanadium deposit and lend support to the project's economic feasibility. In addition, these assets are strategically located in areas with excellent access by rail and highway. This is a further step toward Apella's end goal of establishing a one of a kind stable, domestic supply of vanadium.
Apella CEO, Patrick O'Brien states, "This is an outstanding start to our development of the Lac Dore North project. Due to its proximity to the well-known Lac Dore Vanadium-Iron-Titanium deposit, we feel this drilling program has confirmed the extension of this unique formation. We are in the process of compiling as much precise geological data as possible at this early stage. We consider vanadium to be one of the world's most important elements, given its steel strengthening properties and bright future in energy storage."
The 2009 Phase 1 diamond drilling and 2009 channel sampling programs were carried out from July to September on Apella's wholly owned Lac Dore North Vanadium-Iron-Titanium (V-Fe-Ti) Project at Chibougamau, Quebec. The 2009 exploration program has provided very important information that will now be used by Apella in targeting for its next phase of exploration and diamond drilling.
Technical Information:
A total of ten NQ core size diamond drill holes totaling 993m in length were collared as an initial diamond drilling program on the Lake Dore North project. Holes LDN-09-01, LDN-09-03, LDN-09-04 and LDN-09-06 were bored to test at depth and over a strike length of 100m the extension of the iron oxides mineralization of the two large stripped areas cleared by Apella in the fall of 2008. Apella's drill hole LDN-09-02 was collared 120 metres S-SW of the stripping area to intersect Mackenzie Bay's 1998 iron oxides mineralization obtained in hole MKB-01-02. Exploration holes LDN-09-05 and LDN-09-07 to LDN-09-10 were widely distributed over a surface distance of 1850m along the airborne magnetic anomaly to test for possible stratigraphic extensions. They returned lower oxide contents because they were not collared close enough to the magnetic airborne anomaly axis. In addition, the presence of a set of NE oriented faults which displaced the mineralized layers explained the weaker results in these particular holes. These faults are interpreted from topographic features and displacements of the magnetic axis.
The best assay results were obtained over the area Apella had earlier stripped and these more favourable holes returned values between 0.46% V2O5 to 0.64% V2O5 over lengths varying from 0.71m to 5.28m along core length in hole LDN-09-01; 0.46% V2O5 over 0.79m in hole LDN-09-04; 0.47% V2O5 over 4.25m and 0.45% V2O5 over 0.50m in hole LDN-09-06. Apella can now target its next round of diamond drilling at the more favourably mineralized target areas.
The mineralized Fe2O3, TiO2, and V2O5 zones in the Lac Dore North area are commonly multi-layered in nature. Due to folds and other characteristics the mineralized intersections Apella would expect to encounter are characterized by short multiple intersections of mineralization, layered throughout the core. Long continuous intersections of mineralization are not the norm in this area.
Significant assays results and calculated weighted grades for Fe2O3, TiO2, V and V2O5 are summarized in the following table.
--------------------------------------------------------------------------
2009 DIAMOND DRILLING PROGRAM - LAKE DORE NORTH SIGNIFICANT ASSAY RESULTS
Calculated weighted grade with interval value greater than 0.25% V2O5
--------------------------------------------------------------------------
DDH NU FROM (m) TO (m) LENGTH (m) Fe2O3 (%) TiO2 (%) V (%) V2O5 (%)
--------------------------------------------------------------------------
LDN-09-01 2.62 3.27 0.65 29.25 5.59 0.230 0.411
--------------------------------------------------------------------------
LDN-09-01 7.75 12.52 4.77 30.66 5.78 0.235 0.419
--------------------------------------------------------------------------
LDN-09-01 15.12 19.10 3.98 21.36 3.77 0.153 0.273
--------------------------------------------------------------------------
LDN-09-01 20.60 27.35 6.75 24.86 3.85 0.164 0.293
--------------------------------------------------------------------------
LDN-09-01 33.96 36.60 2.64 28.27 3.92 0.160 0.286
--------------------------------------------------------------------------
LDN-09-01 39.12 39.83 0.71 43.43 7.54 0.280 0.500
--------------------------------------------------------------------------
LDN-09-01 47.40 48.02 0.62 41.93 6.35 0.240 0.428
--------------------------------------------------------------------------
LDN-09-01 50.61 51.68 1.07 54.88 9.60 0.360 0.643
--------------------------------------------------------------------------
LDN-09-01 53.65 60.62 6.97 35.08 5.70 0.229 0.409
--------------------------------------------------------------------------
LDN-09-01 66.25 67.25 1.00 30.73 5.00 0.200 0.357
--------------------------------------------------------------------------
LDN-09-01 70.70 75.98 5.28 39.23 6.27 0.255 0.456
--------------------------------------------------------------------------
LDN-09-01 78.04 79.60 1.56 43.20 7.48 0.290 0.518
--------------------------------------------------------------------------
LDN-09-01 80.49 85.88 5.39 35.28 5.80 0.226 0.403
--------------------------------------------------------------------------
LDN-09-01 86.50 94.87 8.37 30.19 4.97 0.196 0.349
--------------------------------------------------------------------------
LDN-09-01 95.76 97.11 1.35 29.10 4.63 0.180 0.321
--------------------------------------------------------------------------
LDN-09-02 72.37 76.29 3.92 28.79 7.49 0.143 0.255
--------------------------------------------------------------------------
LDN-09-02 97.85 98.85 1.00 26.72 6.53 0.195 0.348
--------------------------------------------------------------------------
LDN-09-03 63.90 64.35 0.45 45.06 11.32 0.150 0.268
--------------------------------------------------------------------------
LDN-09-03 66.35 67.98 1.63 48.96 13.08 0.140 0.250
--------------------------------------------------------------------------
LDN-09-03 73.83 78.29 4.46 29.54 5.14 0.146 0.262
--------------------------------------------------------------------------
LDN-09-04 10.17 14.41 4.24 30.49 5.07 0.168 0.301
--------------------------------------------------------------------------
LDN-09-04 31.80 38.15 6.35 29.40 4.64 0.193 0.345
--------------------------------------------------------------------------
LDN-09-04 39.65 43.17 3.52 24.14 4.14 0.153 0.274
--------------------------------------------------------------------------
LDN-09-04 47.54 49.25 1.71 26.75 4.29 0.160 0.286
--------------------------------------------------------------------------
LDN-09-04 53.61 57.41 3.80 30.49 5.01 0.166 0.296
--------------------------------------------------------------------------
LDN-09-04 65.10 65.89 0.79 42.39 6.63 0.260 0.464
--------------------------------------------------------------------------
LDN-09-04 67.15 68.33 1.18 31.03 4.40 0.180 0.321
--------------------------------------------------------------------------
LDN-09-06 5.47 9.72 4.25 41.02 6.34 0.262 0.468
--------------------------------------------------------------------------
LDN-09-06 10.62 12.15 1.53 29.61 4.54 0.190 0.339
--------------------------------------------------------------------------
LDN-09-06 13.04 14.61 1.57 32.84 5.26 0.210 0.375
--------------------------------------------------------------------------
LDN-09-06 18.55 20.27 1.72 31.61 5.19 0.200 0.357
--------------------------------------------------------------------------
LDN-09-06 24.63 25.83 1.20 35.46 5.64 0.220 0.393
--------------------------------------------------------------------------
LDN-09-06 36.00 36.60 0.60 26.55 3.38 0.160 0.286
--------------------------------------------------------------------------
LDN-09-06 50.30 52.75 2.45 22.95 3.76 0.159 0.285
--------------------------------------------------------------------------
LDN-09-06 65.20 65.70 0.50 37.14 5.22 0.250 0.446
--------------------------------------------------------------------------
LDN-09-06 66.90 68.15 1.25 38.50 3.83 0.180 0.321
--------------------------------------------------------------------------
LDN-09-06 69.45 70.75 1.30 34.39 3.36 0.150 0.268
--------------------------------------------------------------------------
It is noted that McKenzie Bay's historic hole MKB-01-01 and Apella's recent holes LDN-09-01 and LDN-09-06 have been bored on the same line, in a NW direction. Mineralization intersected by the three holes covers a horizontal width of about 160m. Semi to massive oxide mineralized zones dip at 70 to 90 degrees. Apella's hole LDN-09-02 was set up at 100m between holes MKB-01-01 and MKB-01-02 in order to intersect the extension to the SW of the oxide mineralization found previously. Apella's diamond drill hole LDN-09-02 confirmed the presence of two mineralized zones, 3.92m and 1.00m thick respectively. Apella's holes LDN-09-03 and LDN-09-04 were bored on the same line with the target to intersect at depth the NE extension of the mineralization un-covered by the 2008 stripping. They intersected respectively 3 and 7 mineralized layers representing a horizontal width of about 80m.
Following the diamond drilling program, Apella carried out a detailed geological mapping and a systematic channel sampling program mainly on the two large stripped areas cleared by Apella in the fall of 2008 (see news release dated October 30th, 2008).
The following table summarizes all calculated weighted grade of assay results for Fe2O3, TiO2, V and V2O5 obtained from the 2008 and 2009 channel sampling program. The 2009 trenching program was carried out simultaneously with the 2009 diamond drilling program from July through September, 2009.
----------------------------------------------------------------------
2008 &2009 CHANNEL SAMPLING PROGRAMS - LAKE DORE NORTH
Calculated weighted grade with interval value greater than 0.25% V2O5
----------------------------------------------------------------------
CHANNEL
NUMBER LENGTH (m) Fe2O3(%) TiO2(%) V(%) V2O5(%)
----------------------------------------------------------------------
V-2A 2.00 49.65 11.33 0.57 1.01
----------------------------------------------------------------------
V-2B 4.10 54.55 11.01 0.54 0.96
----------------------------------------------------------------------
V-7 0.80 46.80 10.25 0.54 0.96
----------------------------------------------------------------------
V-16B 1.00 52.55 9.11 0.45 0.80
----------------------------------------------------------------------
V-9 2.00 38.70 8.16 0.42 0.74
----------------------------------------------------------------------
V-1A 2.00 35.25 8.81 0.40 0.71
----------------------------------------------------------------------
V-3C 0.50 34.80 7.72 0.39 0.70
----------------------------------------------------------------------
V-14 4.70 49.58 8.01 0.38 0.69
----------------------------------------------------------------------
V-1B 3.50 34.60 7.92 0.38 0.68
----------------------------------------------------------------------
V-18A 1.50 48.51 6.98 0.38 0.68
----------------------------------------------------------------------
V-13B 2.30 45.46 7.68 0.35 0.63
----------------------------------------------------------------------
V-4A 2.00 32.10 6.79 0.36 0.63
----------------------------------------------------------------------
V-19 5.00 42.27 7.31 0.35 0.62
----------------------------------------------------------------------
V-13A 2.00 42.95 7.30 0.34 0.60
----------------------------------------------------------------------
V-6A 3.50 31.53 6.84 0.34 0.60
----------------------------------------------------------------------
V-4B 1.50 30.40 6.34 0.32 0.58
----------------------------------------------------------------------
V-5 1.00 29.20 6.32 0.32 0.57
----------------------------------------------------------------------
V-10 5.00 41.38 6.72 0.32 0.56
----------------------------------------------------------------------
V-2C 2.00 31.59 7.02 0.31 0.56
----------------------------------------------------------------------
V-16A 6.00 35.83 5.95 0.28 0.50
----------------------------------------------------------------------
V-12 7.00 36.30 5.77 0.27 0.48
----------------------------------------------------------------------
V-11 7.00 36.11 5.35 0.26 0.47
----------------------------------------------------------------------
V-3B 2.00 23.23 4.96 0.24 0.44
----------------------------------------------------------------------
V-17 12.00 31.92 4.79 0.24 0.43
----------------------------------------------------------------------
V-10A 3.60 33.41 5.11 0.23 0.41
----------------------------------------------------------------------
V-6 21.00 30.41 4.88 0.22 0.40
----------------------------------------------------------------------
V-6B 2.00 20.53 4.29 0.20 0.36
----------------------------------------------------------------------
V-8A 2.00 20.55 4.08 0.20 0.35
----------------------------------------------------------------------
V-15 3.00 25.95 4.11 0.18 0.32
----------------------------------------------------------------------
V-3A 1.00 24.10 4.26 0.18 0.32
----------------------------------------------------------------------
V-10B 4.20 28.06 3.85 0.17 0.31
----------------------------------------------------------------------
V-8B 2.00 15.63 3.07 0.15 0.26
----------------------------------------------------------------------
Assay Method and Quality Control
A total of 247 drill core samples were collected and sawn in half for sampling. One half was sent for assay and the other half retained for future reference. A total of 86 channel samples were collected from the Lake Dore North stripping areas by Apella's personnel during the 2009 channel sampling program conducted in August and September. All samples were properly tagged, sealed in the field, and stored in Apella's core shack facilities at Chibougamau. Following standard preparation at Table jamesienne de concertation miniere at Chibougamau, all pulps were sent to ALS-Chemex, Val d'Or, Quebec, a commercial laboratory with ISO 9001:2000 certification. The QA/QC program included blanks insert for each batch of samples.
All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10).
To convert from vanadium to vanadium pentoxide (V2O5) as used by the industry, assay results for vanadium have to be multiply by a factor of 1.785.
The qualified person for the purposes of this news release is Mr. Roger Moar, Consulting Geologist, P.Geo and is a Qualified Person under National Instrument 43-101 guidelines.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman "
Antwort auf Beitrag Nr.: 38.482.496 von Popeye82 am 30.11.09 21:37:07Langsam macht mir meine kleine Position hier Freude.
Gruß Looe
Gruß Looe
Antwort auf Beitrag Nr.: 38.488.894 von Popeye82 am 01.12.09 18:32:57Sag mal, die Kursdifferenz zwischen Toronto und FFM ist ja abartig, oder ?
Gruß Looe
Gruß Looe
Apella Drills 93.66 Metres (307.28 Feet) 43.87% Fe2O3, 7.90% TiO2, 0.41% V2O5 at Iron-T Vanadium-Iron-Titanium Project - Dec 15, 2009
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) -
To view New Pictures on the Apella website, please click on the following link: http://media3.marketwire.com/r/NewApellaPictures
Apella Resources Inc. and its Board of Directors are pleased to report that drilling from Apella's Iron-T project in north-central Quebec has delivered positive findings. Core sample assays have now been reviewed and Apella has intersected significant disseminated, semi massive and massive vanadiferous mineralization on its Iron-T Vanadium-Iron-Titanium Project.
Patrick D. O'Brien, ICD.D, Chairman states that; "Our initial expectations have certainly been exceeded. These mineralized drill intersects are suggestive of a significantly enriched Vanadium-Iron-Titanium system. Since these intersects are over a single 1000 metre long target area, and considering the overall project strike length of 10.3 kms, Apella's management is now quite confident that the 10.3 km long Iron-T project has the ability to substantially exceed the potential and known mineralization of the non 43-101 compliant 102MT Lac Dore deposit located at Chibougamau, Quebec; which Apella also has a substantial interest in. We look forward to the next phase of diamond drilling at Iron-T with great anticipation."
Highlights of the semi-massive to massive intersects, from the new results include:
+ MA-09-13 - 49.39 metres (162.04 feet) 42.93% Fe2O3, 7.54% TiO2, and 0.39% V2O5; including 5.00 metres (16.40 feet) 62.74% Fe2O3, 12.85% TiO2, and 0.52% V2O5, and 6.19 metres (20.31 feet) 54.81% Fe2O3, 10.69% TiO2, and 0.51% V2O5
+ MA-09-12 - 46.00 metres (150.92 feet) 34.35% Fe2O3, 4.31% TiO2, and 0.25% V2O5; including 30.75 metres (100.89 feet) 39.13% Fe2O3, 4.86% TiO2, and 0.26% V2O5, which includes 6.50 metres (21.33 feet) 49.16% Fe2O3, 6.63% TiO2, and 0.40% V2O5
+ MA-09-11 - 34.08 metres (111.81 feet) 35.33% Fe2O3, 5.69% TiO2, and 0.38% V2O5; including 28.10 metres (92.19 feet) 36.81% Fe2O3, 6.13% TiO2, and 0.41% V2O5
+ MA-09-11 - 36.48 metres (119.69 feet) 32.99% Fe2O3, 4.96% TiO2, and 0.33% V2O5; including 14.82 metres (48.62 feet) 39.94% Fe2O3, 6.15% TiO2, and 0.41% V2O5, and 7.6 metres (24.93 feet) 41.52% Fe2O3, 6.61% TiO2, and 0.41% V2O5
+ MA-09-10 - 59.74 metres (196.00 feet) 40.41% Fe2O3, 6.51% TiO2, and 0.41% V2O5; including 15.89 metres (52.13 feet) 59.33% Fe2O3, 10.68% TiO2, and 0.66% V2O5
+ MA-09-10 - 41.00 metres (134.51 feet) 27.67% Fe2O3, 4.13% TiO2, and 0.29% V2O5; including 9.50 metres (31.17 feet) 36.45% Fe2O3, 5.61% TiO2, and 0.40% V2O5
+ MA-09-09 - 33.67 metres (110.47 feet) 35.55% Fe2O3, 5.48% TiO2, and 0.31% V2O5; including 9.13 metres (29.95 feet) 39.32% Fe2O3, 6.91% TiO2, and 0.41% V2O5, and 20.12 metres (66.01 feet) 39.18% Fe2O3, 5.82% TiO2, and 0.31% V2O5
+ MA-09-08 - 90.93 metres (298.33 feet) 42.70% Fe2O3, 7.24% TiO2, and 0.38% V2O5; including 32.03 metres (105.09 feet) 40.28% Fe2O3, 6.96% TiO2, and 0.40% V2O5 ; and 52.53 metres (172.34 feet) 47.70% Fe2O3, 8.10% TiO2, and 0.40% and V2O5
+ MA-09-07 - 93.66 metres (307.28 feet) 43.87% Fe2O3, 7.90% TiO2, and 0.41% V2O5; including 76.61 metres (251.35 feet) 49.72% Fe2O3, 9.13% TiO2,and 0.44% V2O5, which includes 51.66 metres (169.49 feet) 53.25% Fe2O3, 10.26% TiO2, and 0.51% V2O5 and which includes 38.66 metres (126.84 feet) 58.59% Fe2O3, 11.74% TiO2, 0.56% V2O5
+ MA-09-07 - 32.47 metres (106.53 feet) 24.50% Fe2O3, 3.74% TiO2, and 0.25% V2O5; including 14.82 metres (48.62 feet) 37.68% Fe2O3, 6.31% TiO2, and 0.41% V2O5
+ MA-09-06 - 13.00 metres (42.65 feet) 24.05% Fe2O3, 3.66% TiO2, and 0.24% V2O5
- MA-09-06 - 25.35 metres (83.17 feet) 22.07% Fe2O3, 3.02% TiO2, and 0.21% V2O5
+ MA-09-05 - 12.15 metres (39.86 feet) 26.35% Fe2O3, 3.67% TiO2, and 0.25% V2O5; including 3.60 metres (11.81 feet) 41.34% Fe2O3, 6.24% TiO2, and 0.45% V2O5
+ MA-09-05 - 20.92 metres (68.64 feet) 42.48% Fe2O3, 7.70% TiO2, and 0.44% V2O5; including 5.09 metres (16.70 feet) 57.80% Fe2O3, 11.19% TiO2, and 0.63% V2O5, and 8.28 metres (27.17 feet) 52.26% Fe2O3, 9.83% TiO2, and 0.54% V2O5
+ MA-09-05 - 20.10 metres (65.94 feet) 29.13% Fe2O3, 4.38% TiO2, and 0.33% V2O5; including 6.30 metres (20.67 feet) 35.83% Fe2O3, 5.82% TiO2, and 0.43% V2O5
+ MA-09-04 - 32.84 metres (107.74 feet) 32.53% Fe2O3, 5.01% TiO2, and 0.31% V2O5; including 10.5 metres (34.45 feet) 47.75% Fe2O3, 6.76% TiO2, and 0.44% V2O5; and 4.69 metres (15.39 feet) 62.21% Fe2O3, 12.60% TiO2, and 0.74% V2O5
+ MA-09-04 - 30.0 metres (98.43 feet) 54.46% Fe2O3, 11.04% TiO2, and 0.59% V2O5; including 26.0 metres (85.30 feet) 59.68% Fe2O3, 12.33% TiO2, and 0.65% V2O5
+ MA-09-01 - 35.70 metres (117.3 feet) 26.29% Fe2O3, 3.33% TiO2, and 0.32% V2O5; including 8.07 metres (26.48 feet) 42.87% Fe2O3, 5.57% TiO2, and 0.54% V2O5, and also including 3.28 metres (10.76 feet) 45.50% Fe2O3, 7.58% TiO2, and 0.73% V2O5
Please see the attached chart outlining all significant intersects and grades for the 13 holes of drilling, as prepared by Mr. Roger Moar, P.Geo, Consulting Geologist. To view chart, please click on the following link: www.apellaresources.com/pdf/dec-15-2009/Assay_IronT_2009_com…
The above drill intersects are compiled from approximately 737 samples that were submitted to ALS Chemex for assaying. Samples are being sent into the lab to assess the density of the mineralization so that calculations of tonnage can be made.
Due to the significance of this discovery Apella's management has decided to post additional charts regarding the results on its website for reference. This data will include some 418 of the individual assays and a full chart of the true width drill intersects, hole by hole. Of the 418 individual assays selected to be displayed on the website there are Fe2o3 assays ranging up to 75.95% Fe2O3, 37% of which grade higher than 50% Fe2O3 and 67% grade above 40% Fe2O3. The TiO2 assays to be included ranged as high as 16.80% TiO2 with 22% of the assays above 10% TiO2 and 85% of the samples grading in excess of 5% TiO2. The V2O5 assays to be displayed range up to 1.34% V2O5, of which 35% assayed 0.50% V2O5 or higher and 87% of these samples assayed at 0.30% V2O5 or above. There will also be a series of photos of the core and the site for viewing.
The 13 hole, 1738.2 metre drill program tested only about 900 metres along strike, at 50 and 100-metre centres, of the 10 km long strike of the mineral enriched Bell River structure that Apella controls at its Iron-T project. The drill holes were drilled NQ sized drill bits at a dip of -45 degrees with an average drill-hole length of 134 metres. The magnetic anomaly that was chosen for this phase of drilling is just over 1000 metres long at surface and extends at depth along strike, east and west. It represents only a small footprint on the overall structure on Apella's 100% owned Iron-T which contains many similar anomalies. Each of Apella's 13 drill holes intersected several disseminated to massive iron oxide layers. The mineralized zones are open along strike east and west, as well at depth.
The Bell River Complex which hosts the Iron-T may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world's most significant source of Vanadium. At the Iron-T the Vanadium rich horizons are well defined on the ground and aeromagnetic surveys by their highly magnetic susceptibilities.
Assay Method and Quality Control
A total of 737 drill core samples were collected and sawn in half for sampling. One half was sent for assay and the other half retained for future reference. All samples were properly tagged, sealed in the field, and stored in Apella's core shack facilities at Matagami. All samples were sent to ALS-Chemex, Val d'Or, Quebec, a commercial laboratory with ISO 9001:2000 certification. The QA/QC program included blanks insert for each batch of samples.
All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10).
Mr. Roger Moar, P. Geo, Consulting Geologist, is the Qualified Person responsible for the scientific and technical work for the program as defined under National Instrument 43-101 and has reviewed this press release.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien - Chairman "
www.marketwire.com/press-release/Apella-Resources-Inc-TSX-VE…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) -
To view New Pictures on the Apella website, please click on the following link: http://media3.marketwire.com/r/NewApellaPictures
Apella Resources Inc. and its Board of Directors are pleased to report that drilling from Apella's Iron-T project in north-central Quebec has delivered positive findings. Core sample assays have now been reviewed and Apella has intersected significant disseminated, semi massive and massive vanadiferous mineralization on its Iron-T Vanadium-Iron-Titanium Project.
Patrick D. O'Brien, ICD.D, Chairman states that; "Our initial expectations have certainly been exceeded. These mineralized drill intersects are suggestive of a significantly enriched Vanadium-Iron-Titanium system. Since these intersects are over a single 1000 metre long target area, and considering the overall project strike length of 10.3 kms, Apella's management is now quite confident that the 10.3 km long Iron-T project has the ability to substantially exceed the potential and known mineralization of the non 43-101 compliant 102MT Lac Dore deposit located at Chibougamau, Quebec; which Apella also has a substantial interest in. We look forward to the next phase of diamond drilling at Iron-T with great anticipation."
Highlights of the semi-massive to massive intersects, from the new results include:
+ MA-09-13 - 49.39 metres (162.04 feet) 42.93% Fe2O3, 7.54% TiO2, and 0.39% V2O5; including 5.00 metres (16.40 feet) 62.74% Fe2O3, 12.85% TiO2, and 0.52% V2O5, and 6.19 metres (20.31 feet) 54.81% Fe2O3, 10.69% TiO2, and 0.51% V2O5
+ MA-09-12 - 46.00 metres (150.92 feet) 34.35% Fe2O3, 4.31% TiO2, and 0.25% V2O5; including 30.75 metres (100.89 feet) 39.13% Fe2O3, 4.86% TiO2, and 0.26% V2O5, which includes 6.50 metres (21.33 feet) 49.16% Fe2O3, 6.63% TiO2, and 0.40% V2O5
+ MA-09-11 - 34.08 metres (111.81 feet) 35.33% Fe2O3, 5.69% TiO2, and 0.38% V2O5; including 28.10 metres (92.19 feet) 36.81% Fe2O3, 6.13% TiO2, and 0.41% V2O5
+ MA-09-11 - 36.48 metres (119.69 feet) 32.99% Fe2O3, 4.96% TiO2, and 0.33% V2O5; including 14.82 metres (48.62 feet) 39.94% Fe2O3, 6.15% TiO2, and 0.41% V2O5, and 7.6 metres (24.93 feet) 41.52% Fe2O3, 6.61% TiO2, and 0.41% V2O5
+ MA-09-10 - 59.74 metres (196.00 feet) 40.41% Fe2O3, 6.51% TiO2, and 0.41% V2O5; including 15.89 metres (52.13 feet) 59.33% Fe2O3, 10.68% TiO2, and 0.66% V2O5
+ MA-09-10 - 41.00 metres (134.51 feet) 27.67% Fe2O3, 4.13% TiO2, and 0.29% V2O5; including 9.50 metres (31.17 feet) 36.45% Fe2O3, 5.61% TiO2, and 0.40% V2O5
+ MA-09-09 - 33.67 metres (110.47 feet) 35.55% Fe2O3, 5.48% TiO2, and 0.31% V2O5; including 9.13 metres (29.95 feet) 39.32% Fe2O3, 6.91% TiO2, and 0.41% V2O5, and 20.12 metres (66.01 feet) 39.18% Fe2O3, 5.82% TiO2, and 0.31% V2O5
+ MA-09-08 - 90.93 metres (298.33 feet) 42.70% Fe2O3, 7.24% TiO2, and 0.38% V2O5; including 32.03 metres (105.09 feet) 40.28% Fe2O3, 6.96% TiO2, and 0.40% V2O5 ; and 52.53 metres (172.34 feet) 47.70% Fe2O3, 8.10% TiO2, and 0.40% and V2O5
+ MA-09-07 - 93.66 metres (307.28 feet) 43.87% Fe2O3, 7.90% TiO2, and 0.41% V2O5; including 76.61 metres (251.35 feet) 49.72% Fe2O3, 9.13% TiO2,and 0.44% V2O5, which includes 51.66 metres (169.49 feet) 53.25% Fe2O3, 10.26% TiO2, and 0.51% V2O5 and which includes 38.66 metres (126.84 feet) 58.59% Fe2O3, 11.74% TiO2, 0.56% V2O5
+ MA-09-07 - 32.47 metres (106.53 feet) 24.50% Fe2O3, 3.74% TiO2, and 0.25% V2O5; including 14.82 metres (48.62 feet) 37.68% Fe2O3, 6.31% TiO2, and 0.41% V2O5
+ MA-09-06 - 13.00 metres (42.65 feet) 24.05% Fe2O3, 3.66% TiO2, and 0.24% V2O5
- MA-09-06 - 25.35 metres (83.17 feet) 22.07% Fe2O3, 3.02% TiO2, and 0.21% V2O5
+ MA-09-05 - 12.15 metres (39.86 feet) 26.35% Fe2O3, 3.67% TiO2, and 0.25% V2O5; including 3.60 metres (11.81 feet) 41.34% Fe2O3, 6.24% TiO2, and 0.45% V2O5
+ MA-09-05 - 20.92 metres (68.64 feet) 42.48% Fe2O3, 7.70% TiO2, and 0.44% V2O5; including 5.09 metres (16.70 feet) 57.80% Fe2O3, 11.19% TiO2, and 0.63% V2O5, and 8.28 metres (27.17 feet) 52.26% Fe2O3, 9.83% TiO2, and 0.54% V2O5
+ MA-09-05 - 20.10 metres (65.94 feet) 29.13% Fe2O3, 4.38% TiO2, and 0.33% V2O5; including 6.30 metres (20.67 feet) 35.83% Fe2O3, 5.82% TiO2, and 0.43% V2O5
+ MA-09-04 - 32.84 metres (107.74 feet) 32.53% Fe2O3, 5.01% TiO2, and 0.31% V2O5; including 10.5 metres (34.45 feet) 47.75% Fe2O3, 6.76% TiO2, and 0.44% V2O5; and 4.69 metres (15.39 feet) 62.21% Fe2O3, 12.60% TiO2, and 0.74% V2O5
+ MA-09-04 - 30.0 metres (98.43 feet) 54.46% Fe2O3, 11.04% TiO2, and 0.59% V2O5; including 26.0 metres (85.30 feet) 59.68% Fe2O3, 12.33% TiO2, and 0.65% V2O5
+ MA-09-01 - 35.70 metres (117.3 feet) 26.29% Fe2O3, 3.33% TiO2, and 0.32% V2O5; including 8.07 metres (26.48 feet) 42.87% Fe2O3, 5.57% TiO2, and 0.54% V2O5, and also including 3.28 metres (10.76 feet) 45.50% Fe2O3, 7.58% TiO2, and 0.73% V2O5
Please see the attached chart outlining all significant intersects and grades for the 13 holes of drilling, as prepared by Mr. Roger Moar, P.Geo, Consulting Geologist. To view chart, please click on the following link: www.apellaresources.com/pdf/dec-15-2009/Assay_IronT_2009_com…
The above drill intersects are compiled from approximately 737 samples that were submitted to ALS Chemex for assaying. Samples are being sent into the lab to assess the density of the mineralization so that calculations of tonnage can be made.
Due to the significance of this discovery Apella's management has decided to post additional charts regarding the results on its website for reference. This data will include some 418 of the individual assays and a full chart of the true width drill intersects, hole by hole. Of the 418 individual assays selected to be displayed on the website there are Fe2o3 assays ranging up to 75.95% Fe2O3, 37% of which grade higher than 50% Fe2O3 and 67% grade above 40% Fe2O3. The TiO2 assays to be included ranged as high as 16.80% TiO2 with 22% of the assays above 10% TiO2 and 85% of the samples grading in excess of 5% TiO2. The V2O5 assays to be displayed range up to 1.34% V2O5, of which 35% assayed 0.50% V2O5 or higher and 87% of these samples assayed at 0.30% V2O5 or above. There will also be a series of photos of the core and the site for viewing.
The 13 hole, 1738.2 metre drill program tested only about 900 metres along strike, at 50 and 100-metre centres, of the 10 km long strike of the mineral enriched Bell River structure that Apella controls at its Iron-T project. The drill holes were drilled NQ sized drill bits at a dip of -45 degrees with an average drill-hole length of 134 metres. The magnetic anomaly that was chosen for this phase of drilling is just over 1000 metres long at surface and extends at depth along strike, east and west. It represents only a small footprint on the overall structure on Apella's 100% owned Iron-T which contains many similar anomalies. Each of Apella's 13 drill holes intersected several disseminated to massive iron oxide layers. The mineralized zones are open along strike east and west, as well at depth.
The Bell River Complex which hosts the Iron-T may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world's most significant source of Vanadium. At the Iron-T the Vanadium rich horizons are well defined on the ground and aeromagnetic surveys by their highly magnetic susceptibilities.
Assay Method and Quality Control
A total of 737 drill core samples were collected and sawn in half for sampling. One half was sent for assay and the other half retained for future reference. All samples were properly tagged, sealed in the field, and stored in Apella's core shack facilities at Matagami. All samples were sent to ALS-Chemex, Val d'Or, Quebec, a commercial laboratory with ISO 9001:2000 certification. The QA/QC program included blanks insert for each batch of samples.
All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10).
Mr. Roger Moar, P. Geo, Consulting Geologist, is the Qualified Person responsible for the scientific and technical work for the program as defined under National Instrument 43-101 and has reviewed this press release.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien - Chairman "
Antwort auf Beitrag Nr.: 38.490.358 von Looe am 01.12.09 21:32:02
Auf jeden Fall, das ist manchmal echt abnormal, da liegst Du theoretisch desöfteren gleich von Anfang an soweit hinten, dass Du schon eine Heidenperformance machen musst/müsstest, um überhaupt erstmal auf +/- 0 zu kommen.
Abgesehen vom Anfang, wo mir die Spreads nicht richtig bewusst waren, versuche ich jetzt auch annähernd immer an der Heimatbörse zu handeln -&würde ich auch jedem sehr nahelegen, sofern sein Primärproblem nicht ist, wo er denn nun den nächsten Geldspeicher hinbauen wird.
Bei Apella müssten übrigens in Kürze eine ganze Menge O&W auslaufen, von Denen glaube ich (fast?)alle im Geld liegen dürften. Eine genaue Aufstellung hab´ ich nicht gefunden, müsste sich aber um fast 32Mio Stück handeln, von Denen wohl ein Großteil bei 0,12 C$ liegt.
Gruß,
Popeye
Auf jeden Fall, das ist manchmal echt abnormal, da liegst Du theoretisch desöfteren gleich von Anfang an soweit hinten, dass Du schon eine Heidenperformance machen musst/müsstest, um überhaupt erstmal auf +/- 0 zu kommen.
Abgesehen vom Anfang, wo mir die Spreads nicht richtig bewusst waren, versuche ich jetzt auch annähernd immer an der Heimatbörse zu handeln -&würde ich auch jedem sehr nahelegen, sofern sein Primärproblem nicht ist, wo er denn nun den nächsten Geldspeicher hinbauen wird.
Bei Apella müssten übrigens in Kürze eine ganze Menge O&W auslaufen, von Denen glaube ich (fast?)alle im Geld liegen dürften. Eine genaue Aufstellung hab´ ich nicht gefunden, müsste sich aber um fast 32Mio Stück handeln, von Denen wohl ein Großteil bei 0,12 C$ liegt.
Gruß,
Popeye
Antwort auf Beitrag Nr.: 38.576.177 von Popeye82 am 16.12.09 11:13:31Hallo Popeye82,
würdest Du Dir ein (unverbindliches) Kursziel auf Sicht 12 Monate zutrauen ?
Gruß Looe
würdest Du Dir ein (unverbindliches) Kursziel auf Sicht 12 Monate zutrauen ?
Gruß Looe
Antwort auf Beitrag Nr.: 38.600.749 von Looe am 18.12.09 22:42:01
Hallo Looe,
Traue ich mir ehrlich gesagt nicht zu, mag das einfach generell, wie Dir scheinbar schon aufgefallen ist, auch nicht sehr -selten mal mit viel Konjunktiv versetztes. Unter Berücksichtigung der auslaufenden O &W +das in absehbarer Zeit eine neue Kapitalmassnahme anstehen dürfte, würde ich eher vermuten, dass das mittelfristige Potenzial begrenzt sein dürfte.
Kann aber nochmal schauen was mittelfristig/nächstes Jahr so zu erwarten sein dürfte.
P.S.: In Sachen Eisen/Titan/Vanadium hab ich mir zuletzt auch mal die kanad. Rock Tech Resources in die erweiterte WL genommen. Lose Beobachtung. Dürfte aber wenn überhaupt noch eine Menge Wasser den Bach runterfliessen, bis das eventl. mal interessant werden könnte.
Gruß,
Popeye
Hallo Looe,
Traue ich mir ehrlich gesagt nicht zu, mag das einfach generell, wie Dir scheinbar schon aufgefallen ist, auch nicht sehr -selten mal mit viel Konjunktiv versetztes. Unter Berücksichtigung der auslaufenden O &W +das in absehbarer Zeit eine neue Kapitalmassnahme anstehen dürfte, würde ich eher vermuten, dass das mittelfristige Potenzial begrenzt sein dürfte.
Kann aber nochmal schauen was mittelfristig/nächstes Jahr so zu erwarten sein dürfte.
P.S.: In Sachen Eisen/Titan/Vanadium hab ich mir zuletzt auch mal die kanad. Rock Tech Resources in die erweiterte WL genommen. Lose Beobachtung. Dürfte aber wenn überhaupt noch eine Menge Wasser den Bach runterfliessen, bis das eventl. mal interessant werden könnte.
Gruß,
Popeye
Also im SH scheint APA ziemlich umstritten zu sein, mir gefällt das unter einem spekulativem Gesichtspunkt langsam richtig. 2Punkte die angeführt wurden: zu 1nen dürften Deren Titan/Vanadium/Eisen Projekte, wahrs. so groß dimensioniert sein, dass es fraglich ist, ob sie das alleine stemmen können &sie davon ausgegangen sind, dass hier noch um die >/=50% abgegeben werden dürften. Könnt´ ich mit konform gehen, würde ich auch keinesfalls ausschliessen, sehe da an sich aber eigentlich kein größeres Problem drin. 2ter Punkt war, dass jemand meinte, dass sie ein lausiges Management haben, konnte dafür aber bisher keine speziellen Gründe finden, stecke allerdings auch nicht weit(zurück)reichend in der Unternehmenshistorie drin(läuft ja schon länger seit Pro-Minerals).
Bin mir nicht sicher, ob das ernstzunehmend, oder nur der alltägliche Pusher/Basherkrieg war. Werd´ da nochmal nachhaken.
Ansonsten dürfte eigentlich wahrs. ein anstehendes PP in absehbarer Zeit das relevanteste sein, um dann im nächsten Jahr die Bohrarbeiten, +das damit verbundene Arbeitsprogramm, weiterführen zu können.
Gruß
Popeye
Bin mir nicht sicher, ob das ernstzunehmend, oder nur der alltägliche Pusher/Basherkrieg war.
Werd´ da nochmal nachhaken. Ansonsten dürfte eigentlich wahrs. ein anstehendes PP in absehbarer Zeit das relevanteste sein, um dann im nächsten Jahr die Bohrarbeiten, +das damit verbundene Arbeitsprogramm, weiterführen zu können.
Gruß
Popeye
Antwort auf Beitrag Nr.: 38.649.982 von Popeye82 am 31.12.09 02:04:29
Das mit dem lausigen Management hatte ich etwas falsch in Erinnerung -es handelte sich vielmehr um die Tatsache, dass in der Vergangenheit eine Reihe sehr guter Leute gegangen sind. Zusätzlich noch der Punkt, dass sie wohl nicht schüchtern dabei sind, sich billige Options zuzuschachern &gegebenenfalls Deren Laufzeit zu verlängern.
Gruß
Popeye
Das mit dem lausigen Management hatte ich etwas falsch in Erinnerung -es handelte sich vielmehr um die Tatsache, dass in der Vergangenheit eine Reihe sehr guter Leute gegangen sind. Zusätzlich noch der Punkt, dass sie wohl nicht schüchtern dabei sind, sich billige Options zuzuschachern &gegebenenfalls Deren Laufzeit zu verlängern.
Gruß
Popeye
Antwort auf Beitrag Nr.: 38.653.686 von Popeye82 am 01.01.10 20:50:11Hallo Popeye82,
sorry für die späte Antwort. Nachträglich noch ein gesundes und erfolgreiches NJ.
Werde die Position mal laufen lassen, obwohl es im Moment ja charttechnisch nicht so toll aussieht. Ist mein einziger Titan-Vanadium-Wert.
Gruß Looe
sorry für die späte Antwort. Nachträglich noch ein gesundes und erfolgreiches NJ.
Werde die Position mal laufen lassen, obwohl es im Moment ja charttechnisch nicht so toll aussieht. Ist mein einziger Titan-Vanadium-Wert.
Gruß Looe
nächste Woche geht ein kleines Bohrprogramm los, mit Fortsetzung abhängig von den Ergebnissen auf Iron-T. Zudem werden einige Arbeiten unternommen, um über die Streichlänge einige Ziele besser zu definieren:
Apella Resources to fire up drill rigs again next week at Iron-T Vanadium-Iron-Titanium Project - PI - Jan 18, 2010
www.proactiveinvestors.com/companies/news/3725/apella-resour…
"Apella Resources (TSX-V: APA; FSE: NWN) confirmed today that would be carrying out further drilling at the Iron-T project in Quebec from next week. “The positive findings from the previous round of drilling, results of which were released December 15th, 2009, have now been thoroughly interpreted and this data has provided a basis for continued drilling,” Apella stated.
Drilling will initially be limited to 1000 meters of diamond drilling, however, the company was keen to stress that if results during Phase 2 “reflect” the considerable success of Phase I, then the number of meters drilled would be increased.
Some of the more notable highlights from the Phase I drilling at Iron-T included semi-massive and massive intersects including 90.93 meters @ 42.70% Iron Oxide (“Iron”), 7.24% Titanium Oxide (“Titanium”) and 0.36% Vanadium Pentoxide (“Vanadium”) including 32.03 meters @ 40.28% Iron, 6.96% Titanium and 0.40% Vanadium; and included 52.53 meters @ 47.7% Iron, 8.10% Titanium and 0.40% Vanadium in drill hole MA-09-08.
Another of the many interesting intersects reported was in drill hole MA-09-07 which returned 93.66 meters @ 43.87% Iron, 7.9% Titanium and 0.41% Vanadium including 76.61 meters @ 49.72% Iron, 9,13% Titanium, and 0.44% Vanadium which included 51.66 meters @ 53.25% Iron, 10.26% Titanium and 0.51% Vanadium, including 38.66 meters @ 58.59% Iron, 11.74% Titanium and 0.56% Vanadium.
Apella’s Phase I drill program tested approximately 900 meters of the 10 kilometer strike length on 50 and 100 meter centers – all thirteen holes intersected several iron oxide layers.
“Since our initial expectations were exceeded in the first phase of drilling, our anticipation and confidence in the Iron-T project continues to heighten,” stated Apella’s Chairman, Patrick O’Brien, “Those earlier mineralized drill intersects were suggestive of a significantly enriched Vanadium-Iron-Titanium system. We look forward to this next phase of diamond drilling at Iron-T with great anticipation.”
Apella will also under take additional line cutting and geophysics to better define additional drill ready targets along the 10.2 kilometer strike.
The company has sparked considerable investor interest in recent months from exploration results at both the Lac Dore North Iron-Vanadium-Titanium Project and Iron-T Iron-Vanadium-Titanium project, with shares in the company climbing from around 12 cents in November 2009 to a peak of 27 cents in December before settling into a tight trading range between 19 and 22 cents in recent weeks.
The Iron-T project is located near the mining town of Matagami, Quebec, and includes 134 mineral claims of 10,600 acres and a strike length of 16 kilometers.
Profile
Apella Resources Inc. has established itself as a major player in the junior resource sector, earning Tier 1 Issuer status on the TSX Venture Exchange. By assembling a team of renowned industry professionals, and creating an unparalleled portfolio of world class Vanadium-Titanium-Iron projects, Apella has placed itself at the forefront of worldwide Vanadium development. Apella’s projects are located in the Canadian province of Quebec. "
Apella Resources to fire up drill rigs again next week at Iron-T Vanadium-Iron-Titanium Project - PI - Jan 18, 2010
www.proactiveinvestors.com/companies/news/3725/apella-resour…
"Apella Resources (TSX-V: APA; FSE: NWN) confirmed today that would be carrying out further drilling at the Iron-T project in Quebec from next week. “The positive findings from the previous round of drilling, results of which were released December 15th, 2009, have now been thoroughly interpreted and this data has provided a basis for continued drilling,” Apella stated.
Drilling will initially be limited to 1000 meters of diamond drilling, however, the company was keen to stress that if results during Phase 2 “reflect” the considerable success of Phase I, then the number of meters drilled would be increased.
Some of the more notable highlights from the Phase I drilling at Iron-T included semi-massive and massive intersects including 90.93 meters @ 42.70% Iron Oxide (“Iron”), 7.24% Titanium Oxide (“Titanium”) and 0.36% Vanadium Pentoxide (“Vanadium”) including 32.03 meters @ 40.28% Iron, 6.96% Titanium and 0.40% Vanadium; and included 52.53 meters @ 47.7% Iron, 8.10% Titanium and 0.40% Vanadium in drill hole MA-09-08.
Another of the many interesting intersects reported was in drill hole MA-09-07 which returned 93.66 meters @ 43.87% Iron, 7.9% Titanium and 0.41% Vanadium including 76.61 meters @ 49.72% Iron, 9,13% Titanium, and 0.44% Vanadium which included 51.66 meters @ 53.25% Iron, 10.26% Titanium and 0.51% Vanadium, including 38.66 meters @ 58.59% Iron, 11.74% Titanium and 0.56% Vanadium.
Apella’s Phase I drill program tested approximately 900 meters of the 10 kilometer strike length on 50 and 100 meter centers – all thirteen holes intersected several iron oxide layers.
“Since our initial expectations were exceeded in the first phase of drilling, our anticipation and confidence in the Iron-T project continues to heighten,” stated Apella’s Chairman, Patrick O’Brien, “Those earlier mineralized drill intersects were suggestive of a significantly enriched Vanadium-Iron-Titanium system. We look forward to this next phase of diamond drilling at Iron-T with great anticipation.”
Apella will also under take additional line cutting and geophysics to better define additional drill ready targets along the 10.2 kilometer strike.
The company has sparked considerable investor interest in recent months from exploration results at both the Lac Dore North Iron-Vanadium-Titanium Project and Iron-T Iron-Vanadium-Titanium project, with shares in the company climbing from around 12 cents in November 2009 to a peak of 27 cents in December before settling into a tight trading range between 19 and 22 cents in recent weeks.
The Iron-T project is located near the mining town of Matagami, Quebec, and includes 134 mineral claims of 10,600 acres and a strike length of 16 kilometers.
Profile
Apella Resources Inc. has established itself as a major player in the junior resource sector, earning Tier 1 Issuer status on the TSX Venture Exchange. By assembling a team of renowned industry professionals, and creating an unparalleled portfolio of world class Vanadium-Titanium-Iron projects, Apella has placed itself at the forefront of worldwide Vanadium development. Apella’s projects are located in the Canadian province of Quebec. "
Antwort auf Beitrag Nr.: 38.677.028 von Looe am 06.01.10 17:36:55
Hallo Looe,
Also ich denke das man hier(für ein Explorationsunternehmen!) schon vergleichsweise ziemlich überdurchschnittlich vielversprechend aufgestellt ist. Wenn hier einiges gut geht, könnte hier IMO eine immense Rendite drin sein, nichtsdestotrotz ist es nur ein Explorationsunternehmen. Darf man nach Deinem EK fragen? Nach der nächsten Finanzierung wäre das für mich prinzipiell eine Kaufoption. Die nächsten Wochen dürften vermutlich interessant werden.
Gruß
Popeye
Hallo Looe,
Also ich denke das man hier(für ein Explorationsunternehmen!) schon vergleichsweise ziemlich überdurchschnittlich vielversprechend aufgestellt ist. Wenn hier einiges gut geht, könnte hier IMO eine immense Rendite drin sein, nichtsdestotrotz ist es nur ein Explorationsunternehmen. Darf man nach Deinem EK fragen? Nach der nächsten Finanzierung wäre das für mich prinzipiell eine Kaufoption. Die nächsten Wochen dürften vermutlich interessant werden.
Gruß
Popeye
vor allem, allgemein, das unterstrichene kann ich inzwischen auch ziemlich gut nachvollziehen &was es einem als Anleger extrem schwer machen kann -sind teilweise einfach auch perspektivisch so exrem große Unterschiede, dass es einem schwer machen kann zwischen "Optimismus" &wirklichen Lügen zu unterscheiden(kann aber durchaus auch diesen Optimismus etwas nachvollziehen) -"cornering the North American market" dürfte IMO nicht hinkommen, da es zumindest noch andere Aspiranten gibt, aber die große Chance Nordamerikas riesen Importabhängigkeit von Vanadium merklich etwas entgegenzusetzen, dürfte IMO ein erheblicher Bestandteil von Apella´s "Story" sein:
"Resource investment Conference - ivanhoe2 - Jan 19, 2010
Ok we all call it the Mining Show. I went for the first time and I thought when I talked to people at the many, many, many booths I would be able to tell truth from fiction. I thought too much of my abilities. Except for one company IR guy I talked to all seemed like they were telling the truth. It boils down to this they do really believe their own stories. This left me unable to pick out the liars. This is a problem as many of these companies may work out as well or better than they say, many will not. Many will not make it because of timing, money, just not finding enough of what they are looking for. Sure there were the pie in the sky stories, the ones that barely had enough revenue to print up a hand out with splash. Others were up operating and mining. Listed on the TSX.
What about Apella in this game. Well the "Adriens" both (and Gordon) seem very honest, hard working, and passionate about both companies, APA &PRM. The young men are quite knowledgeable and believe these companies will do VERY well. Pro with it's good gold claims and Apella with cornering the North American market on Vanadium. Victor Goncalves (I could have the wrong name) The man who spoke in the workshop before Apellas' Part at 11:30 highly recommended Apella as one of his green energy picks. You are going to love this... He showed a picture of huge hotels in Dubai and explainded how this hotels windows are coated with a Vanadium coating that is invisible until it hits a outside temperature of 65 degrees then it becomes reflective. He said think how that can be used anywhere that air conditioning is used. What a huge energy saving idea. He told the audience that Apella was going to present next if they wanted to hear more. Adrien spoke and tried to give all the facts and possibilities for the companies future. Proven reserves are so impressive (and will just get better with every core they drill, my words). Did you know we import about 99% of our Vanadium? Not for long, in about two years we will be producing it. So baring another market crash, war, 9/11, or something we don't even know, Apella should make it. That I feel confident about. Looking forward to see the dreams come true.
www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=27838… "
"Resource investment Conference - ivanhoe2 - Jan 19, 2010
Ok we all call it the Mining Show. I went for the first time and I thought when I talked to people at the many, many, many booths I would be able to tell truth from fiction. I thought too much of my abilities. Except for one company IR guy I talked to all seemed like they were telling the truth. It boils down to this they do really believe their own stories. This left me unable to pick out the liars. This is a problem as many of these companies may work out as well or better than they say, many will not. Many will not make it because of timing, money, just not finding enough of what they are looking for. Sure there were the pie in the sky stories, the ones that barely had enough revenue to print up a hand out with splash. Others were up operating and mining. Listed on the TSX.
What about Apella in this game. Well the "Adriens" both (and Gordon) seem very honest, hard working, and passionate about both companies, APA &PRM. The young men are quite knowledgeable and believe these companies will do VERY well. Pro with it's good gold claims and Apella with cornering the North American market on Vanadium. Victor Goncalves (I could have the wrong name) The man who spoke in the workshop before Apellas' Part at 11:30 highly recommended Apella as one of his green energy picks. You are going to love this... He showed a picture of huge hotels in Dubai and explainded how this hotels windows are coated with a Vanadium coating that is invisible until it hits a outside temperature of 65 degrees then it becomes reflective. He said think how that can be used anywhere that air conditioning is used. What a huge energy saving idea. He told the audience that Apella was going to present next if they wanted to hear more. Adrien spoke and tried to give all the facts and possibilities for the companies future. Proven reserves are so impressive (and will just get better with every core they drill, my words). Did you know we import about 99% of our Vanadium? Not for long, in about two years we will be producing it. So baring another market crash, war, 9/11, or something we don't even know, Apella should make it. That I feel confident about. Looking forward to see the dreams come true.
www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=27838… "
Antwort auf Beitrag Nr.: 38.764.793 von Popeye82 am 19.01.10 15:09:41Hallo Popeye,
mein Einstandskurs in Canada war ungefähr 0,11 C $, habe aber nur 50 K von den Dingern, ist also keine große Geschichte. Ich wollte auch immer aufstocken, hab irgendwie den richtigen Zeitpunkt wohl verpaßt. Viell. nutze ich einen Rücksetzer.
In Deinem letzten posting waren ein paar interessante Sätze:
Pro with it's good gold claims and Apella with cornering the North American market on Vanadium.
Proven reserves are so impressive (and will just get better with every core they drill, my words). Did you know we import about 99% of our Vanadium? Not for long, in about two years we will be producing it...e.o.m.
Das hört sich nicht schlecht an. Ob sie nun gleich den Markt in den USA "cornern"- das lassen wir mal dahingestellt.Bei solchen Aussagen sträuben sich bei mir immer die Haare im Nacken - ist einfach unseriös.
Wie groß sind eigentlich die gold-claims, hast Du da ein paar Angaben ?
Gruß Looe
mein Einstandskurs in Canada war ungefähr 0,11 C $, habe aber nur 50 K von den Dingern, ist also keine große Geschichte. Ich wollte auch immer aufstocken, hab irgendwie den richtigen Zeitpunkt wohl verpaßt. Viell. nutze ich einen Rücksetzer.
In Deinem letzten posting waren ein paar interessante Sätze:
Pro with it's good gold claims and Apella with cornering the North American market on Vanadium.
Proven reserves are so impressive (and will just get better with every core they drill, my words). Did you know we import about 99% of our Vanadium? Not for long, in about two years we will be producing it...e.o.m.
Das hört sich nicht schlecht an. Ob sie nun gleich den Markt in den USA "cornern"
- das lassen wir mal dahingestellt.Bei solchen Aussagen sträuben sich bei mir immer die Haare im Nacken - ist einfach unseriös.Wie groß sind eigentlich die gold-claims, hast Du da ein paar Angaben ?
Gruß Looe
Antwort auf Beitrag Nr.: 38.769.131 von Looe am 19.01.10 22:56:04
Hallo Looe,
Na dann ist es ja optimal, würde ich den Stop mind. knapp drüber ziehen &wenn sich mal die Gelegenheit ergeben sollte, würde sagen bei mind. 100% vorne liegen, vielleicht irgendwann mal den Einsatz rausnehmen -aber ist Deine Sache.
Zu den Gold Claims, bezog sich ja eigentlich auf, das Spin-off, Pro-Minerals -bei Apella hab´ ich mir abseits der Eisen/Titan/Vanadium Projekte bisher nichts richtig angeschaut.
Noch eine Sache -zum "cornern" : ich habe bisher verschiedene Angaben gesehen, die aber alle davon ausgingen, dass Nordamerika derzeit mind. >90% seines Bedarfs importieren muss. Ich möchte mal so sagen -soweit ich das sehe, kööönnte das eventl. nicht ganz falsch sein. Aber es ist halt´ auch weit entfernt von klar, es dürfte IMO noch eine überschaubare Anzahl anderer Aspiranten geben &selbst wenn wäre es wohl zeitl. begrenzt zu sehen. So oder so dürfte es aber nichts daran ändern, dass sie, wenn es mal zu einer Produktion kommen sollte, in einer ziemlich starken Position sein dürften, was den heimischen Markt angeht.
Gruß
Popeye
Hallo Looe,
Na dann ist es ja optimal, würde ich den Stop mind. knapp drüber ziehen &wenn sich mal die Gelegenheit ergeben sollte, würde sagen bei mind. 100% vorne liegen, vielleicht irgendwann mal den Einsatz rausnehmen -aber ist Deine Sache.
Zu den Gold Claims, bezog sich ja eigentlich auf, das Spin-off, Pro-Minerals -bei Apella hab´ ich mir abseits der Eisen/Titan/Vanadium Projekte bisher nichts richtig angeschaut.
Noch eine Sache -zum "cornern"
: ich habe bisher verschiedene Angaben gesehen, die aber alle davon ausgingen, dass Nordamerika derzeit mind. >90% seines Bedarfs importieren muss. Ich möchte mal so sagen -soweit ich das sehe, kööönnte das eventl. nicht ganz falsch sein. Aber es ist halt´ auch weit entfernt von klar, es dürfte IMO noch eine überschaubare Anzahl anderer Aspiranten geben &selbst wenn wäre es wohl zeitl. begrenzt zu sehen. So oder so dürfte es aber nichts daran ändern, dass sie, wenn es mal zu einer Produktion kommen sollte, in einer ziemlich starken Position sein dürften, was den heimischen Markt angeht.Gruß
Popeye
Antwort auf Beitrag Nr.: 38.772.376 von Popeye82 am 20.01.10 12:49:45Zu den Gold Claims, bezog sich ja eigentlich auf, das Spin-off, Pro-Minerals
Stimmt, hatte ich vergessen. Nun , lassen wir die Sache mal laufen. Vielleicht sehen wir ja irgendwann den Dollar.
Gruß Looe
Stimmt, hatte ich vergessen. Nun , lassen wir die Sache mal laufen. Vielleicht sehen wir ja irgendwann den Dollar.
Gruß Looe
Antwort auf Beitrag Nr.: 38.764.648 von Popeye82 am 19.01.10 14:54:32
da hätten wir die offizielle Meldung -Start gegen 25.01.:
Apella Resources Inc.: Drilling Commencing Iron-T Vanadium-Iron-Titanium Project - Jan 22, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Drilli…
da hätten wir die offizielle Meldung -Start gegen 25.01.:
Apella Resources Inc.: Drilling Commencing Iron-T Vanadium-Iron-Titanium Project - Jan 22, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Drilli…
Antwort auf Beitrag Nr.: 38.793.559 von Popeye82 am 22.01.10 17:52:27Danke für die Info.
Hört sich ja recht zuversichtlich an...." our expectations continue to heighten ...." Meine auch.
Gruß Looe
Hört sich ja recht zuversichtlich an...." our expectations continue to heighten ...." Meine auch.
Gruß Looe
hier wird sogar: "The U.S. currently imports 100% of its vanadium consumption. ..." angegeben:
Fundamental Research - Jan 15, 2010
www.baystreet.ca/articles/research_reports/fundamental_resea…
Fundamental Research - Jan 15, 2010
www.baystreet.ca/articles/research_reports/fundamental_resea…
Apella Resources Inc.: Drilling Has Commenced; Iron-T Vanadium-Iron-Titanium Project - Feb 03, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Drilli…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to report that a further 1000 metres of diamond drilling on the Iron-t project has now commenced. This program is a follow-up due to the positive findings from the previous round of drilling, results of which were released December 15th, 2009. As in Phase 1, Apella is prepared to increase the meterage of drilling significantly in Phase 2 should the results in this second phase reflect the positive results of Phase 1.
Patrick D. O'Brien, ICD.D, Chairman states that; "We look forward to continued success on the Iron-T. Due to the extensive strike of the anomalous signature outlined from geophysical surveys the Iron-T's potential to host a very extensive mineralized horizon is present. Apella's recent mineralized drill intersects at Iron-T were suggestive of a significantly enriched Vanadium-Iron-Titanium system. We look forward to this next set of results from the Iron-T with great anticipation."
In addition to the diamond drilling, further line cutting and ground geophysics are being carried out to open up areas for additional drilling along the 10.2 km strike of the Iron-T project.
The Bell River Complex which hosts the Iron-t may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world's most significant source of Vanadium. At the Iron-T the Vanadium rich horizons are well defined on the ground and aeromagnetic surveys by their highly magnetic susceptibilities. Apella anticipates that at the Iron-T near Matagami the potential is excellent to substantially exceed the known mineralization of the Lac Dore deposit at Chibougamau of which Apella also controls a considerable interest.
In other news, Apella has applied for and been accepted as an associate member of the vanadium specific organization - The Vanadium International Technical Committee (VANITECH), headquartered in Kent, UK. As outlined on its website "VANITEC is a technical and scientific committee which brings together representatives of companies involved in the mining, processing and manufacture of vanadium-containing products for use mainly in the metals and materials manufacturing and chemical industries, world-wide. The object of VANITEC is to promote the use of vanadium bearing materials and thereby to increase the consumption of vanadium. To this end it organizes research on the properties of vanadium bearing materials and issues publications (both original publications, specifically prepared by its members or other organizations and reprints of papers from the technical press). In addition, from time to time it organizes seminars and conferences in various parts of the world." The 16 current members of VANITEC are listed on VANITEC's website (www.vanitec.org) and include Highveld Steel and Vanadium Corporation Limited, South Africa; Xstrata, South Africa; Stratcor, USA; Panzhihua Iron & Steel Group, China; Vanchem Vanadium Products (Pty) Ltd., South Africa; Chengde Iron & Steel Group Co Ltd, China; Metallurg Vanadium, USA; OAO Vandy-Tula, Russia; Nizhny-Tagil Iron & Steel Company, Russia; Scandinavian Steel AB, Sweden; Core Metals Group, USA; Gulf Chemical & Metallurgical Corporation, USA; Treibacher Industrie AG, Austria; New Zealand Steel Ltd, New Zealand; Bear Metallurgical Company, USA; The Ural Institute of Metals, Russia.
For ease of reference, the highlights of the semi-massive to massive drill intersections from Apella's first phase of drilling on the Iron-T as released by Apella on December 15th, 2009 in its news release are outlined below for ease of reference: ..."
www.marketwire.com/press-release/Apella-Resources-Inc-Drilli…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to report that a further 1000 metres of diamond drilling on the Iron-t project has now commenced. This program is a follow-up due to the positive findings from the previous round of drilling, results of which were released December 15th, 2009. As in Phase 1, Apella is prepared to increase the meterage of drilling significantly in Phase 2 should the results in this second phase reflect the positive results of Phase 1.
Patrick D. O'Brien, ICD.D, Chairman states that; "We look forward to continued success on the Iron-T. Due to the extensive strike of the anomalous signature outlined from geophysical surveys the Iron-T's potential to host a very extensive mineralized horizon is present. Apella's recent mineralized drill intersects at Iron-T were suggestive of a significantly enriched Vanadium-Iron-Titanium system. We look forward to this next set of results from the Iron-T with great anticipation."
In addition to the diamond drilling, further line cutting and ground geophysics are being carried out to open up areas for additional drilling along the 10.2 km strike of the Iron-T project.
The Bell River Complex which hosts the Iron-t may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world's most significant source of Vanadium. At the Iron-T the Vanadium rich horizons are well defined on the ground and aeromagnetic surveys by their highly magnetic susceptibilities. Apella anticipates that at the Iron-T near Matagami the potential is excellent to substantially exceed the known mineralization of the Lac Dore deposit at Chibougamau of which Apella also controls a considerable interest.
In other news, Apella has applied for and been accepted as an associate member of the vanadium specific organization - The Vanadium International Technical Committee (VANITECH), headquartered in Kent, UK. As outlined on its website "VANITEC is a technical and scientific committee which brings together representatives of companies involved in the mining, processing and manufacture of vanadium-containing products for use mainly in the metals and materials manufacturing and chemical industries, world-wide. The object of VANITEC is to promote the use of vanadium bearing materials and thereby to increase the consumption of vanadium. To this end it organizes research on the properties of vanadium bearing materials and issues publications (both original publications, specifically prepared by its members or other organizations and reprints of papers from the technical press). In addition, from time to time it organizes seminars and conferences in various parts of the world." The 16 current members of VANITEC are listed on VANITEC's website (www.vanitec.org) and include Highveld Steel and Vanadium Corporation Limited, South Africa; Xstrata, South Africa; Stratcor, USA; Panzhihua Iron & Steel Group, China; Vanchem Vanadium Products (Pty) Ltd., South Africa; Chengde Iron & Steel Group Co Ltd, China; Metallurg Vanadium, USA; OAO Vandy-Tula, Russia; Nizhny-Tagil Iron & Steel Company, Russia; Scandinavian Steel AB, Sweden; Core Metals Group, USA; Gulf Chemical & Metallurgical Corporation, USA; Treibacher Industrie AG, Austria; New Zealand Steel Ltd, New Zealand; Bear Metallurgical Company, USA; The Ural Institute of Metals, Russia.
For ease of reference, the highlights of the semi-massive to massive drill intersections from Apella's first phase of drilling on the Iron-T as released by Apella on December 15th, 2009 in its news release are outlined below for ease of reference: ..."
Arnie ist nicht schlecht (etwas sehr die Promo Schiene: "Wo soll nur das nächste Vanadiumangebot, jenseits von China, Russland &Südafrika, herkommen ...?? ...Hmmm -wir hätten da eine Idee..." (nach Deren Angaben für 98% der Weltförderung verantwortlich), Cashbestand übrigens mit 2.2Mio C$ angegeben, was mich jetzt etwas verwundert(+mit den Quarterlies meiner Erinnerung nach eigentlich nicht übereinkommt)):
Presentation - Jan 26, 2010
www.proactiveinvestors.com/genera/files/companies/apella_res…
(etwas sehr die Promo Schiene: "Wo soll nur das nächste Vanadiumangebot, jenseits von China, Russland &Südafrika, herkommen ...?? ...Hmmm -wir hätten da eine Idee..." (nach Deren Angaben für 98% der Weltförderung verantwortlich), Cashbestand übrigens mit 2.2Mio C$ angegeben, was mich jetzt etwas verwundert(+mit den Quarterlies meiner Erinnerung nach eigentlich nicht übereinkommt)):Presentation - Jan 26, 2010
www.proactiveinvestors.com/genera/files/companies/apella_res…
Apella Resources: Developing North America’s largest Vanadium Deposits? - PI - Feb 16, 2010
- by Jackie Steinitz -
www.proactiveinvestors.com/companies/news/4295/apella-resour…
"Scratch at the surface at either of Apella Resources’ major vanadium/titanium/iron projects in Quebec and just a few centimetres down, under the moss and topsoil, you will find vanadium-titanium-iron mineralisation. Five and a half billion pounds of Vanadium alone at the Lac Dore deposit which is majority-controlled by Apella, according to a previous (though non 43-101 compliant) resource estimate, which makes it the second largest known deposit in the world behind Highveld in South Africa. Yet Apella believes that its claims covering a Northeastern extension of the Lac Dore Deposit could be even bigger, and its Iron-T project, some 3 hours west, bigger still. Consider too that these open-pittable projects are located in mining-friendly Quebec with significant infrastructure already in place, that the prospects for vanadium demand are becoming ever more interesting as new uses are developed, and that the projects will also benefit from iron and titanium credits - and the Apella story becomes more intriguing.
Vanadium
Apella took the decision to move into vanadium in 2007. It was attracted both by the commodity itself – its demand prospects, relative rarity and uniqueness - and by the opportunity presented by the Lac Dore project which became available for staking in Apella’s home turf; the company already held a large land package and had a number of ties in the Chibougamau region of Central Quebec.
Apella had a number of reasons for optimism about the outlook for vanadium. The first was that Apella considered that the traditional primary use for vanadium - as an additive to steel and titanium alloys - was likely to exhibit reasonably strong future growth. A small amount added to steel doubles the strength of the alloy, improve its ductility and make it more corrosion and abrasion resistant, so it is widely used in construction, cars, pipelines, high-speed tools, surgical instruments and the like. Meanwhile vanadium/aluminium/titanium alloys offer one of the highest strength to weight ratio and the presence of vanadium improves the alloy’s performance at high temperatures hence its use in aircraft and rockets (and golf clubs). Although there is some possibility of substituting ferroniobium for some of the steel applications this only becomes economic at very high vanadium prices and it compromises the strength of the alloy, so forecasters generally assume that vanadium demand will grow ahead of world GDP growth and at least in line with steel demand, though probably faster as requirements for high strength steel increase.
Reason number two for Apella’s optimism was that the supply outlook is somewhat constrained. Although vanadium is found in some 65 different minerals and in fossil fuel deposits such as crude oil, coal, oil shales and tar sands, it is never found in a pure state and is only rarely found in economic concentrations. Primary production, generally from vanadium-bearing magnetite or uranium ores, is mostly confined to three countries with China, South Africa and Russia accounting for 98% of the total world production of 54,000 tonnes in 2009 according to US Geological Service estimates. But these sources have been constrained recently with China effectively stopping its exports as it needs all the vanadium for its own use while South African production has been hit by the power crisis. Although there is some secondary production and recycling from wastes such as oil residues and spent catalysts these sources tend to be both limited and expensive.
But it is reason number three – the potential new uses for vanadium in alternative energy and clean technology - that really excited Apella. Adrian O’Brien, Apella’s director of business development, waxed lyrical on the subject in an interview with Proactive Investors. There are several new uses, he says, which could significantly boost the demand for vanadium. The first of these is vanadium redox (reduction/oxidation) batteries which can be used for storing massive quantities of electricity and so could have important load-levelling applications for wind farms, solar farms or even for conventional fossil fuel power stations and sub-stations. Vanadium redox batteries almost never lose charge – allegedly you can put one on a shelf for a century and it will still have maintained a full charge – they can be charged and discharged instantaneously, they can be recharged for 10,000 cycles or more without negatively affecting the life of the battery, there are no emissions, no disposal issues, they are the only battery that can be connected directly to a power grid, and they offer almost unlimited energy storage capacity just by increasing the size of the storage tank (though the disadvantage currently is the size of the footprint). Vanadium can also be used in rechargeable lithium batteries – both the smaller ones such as those used for example in cell phones and laptops, and in electric car batteries to improve safety and to generate higher voltages and higher energy levels. The addition of vanadium for example to the Subaru G4E car has enabled the range to be increased from 40km to 200km. Vanadium has also begun to be used as an anti-corrosion agent in some rare earth magnets. Then there has been the recent development work into vanadium dioxide which turns from a semi-conductor into a metal at temperatures of 68°F (20°C) and which can be coated as a thin film on glass to reflect infrared heat away. This product, known as “vanadium blue”, could become important in reducing air conditioning requirements in hot climates.
For the moment the metallurgical uses are the backbone of vanadium demand accounting for 90% or so of total consumption. But there are plenty of vanadium bulls besides O’Brien and Apella who believe that the future for vanadium is remarkably bright. The American science magazine, Discover, to cite one example, ran an article on the metal in October 2008 entitled “the Element that could change the world”.
Apella’s Vanadium Portfolio
Apella currently owns 2 major vanadium projects, the Iron-T Project, and the Lac Dore Project. It began acquiring the claims on the north eastern extension to Lac Dore in spring 2007, while the Lac Dore deposit itself was staked on 21st August 2007, exactly 30 days after the previous claims on the project expired. During the process a competitor, the Quebec-government owned exploration company SOQUEM also staked 21 of the same claims, some of which cover the Lac Dore Deposit, and in September 2009 the Quebec Ministry awarded 9 of the claims under contention to Apella, 2 to SOQUEM and the remaining ten are still to be decided. These 9 claims give Apella a controlling interest in the 102 million tonne, 5.5 billion lb Lac Dore Deposit. The company owns 100% of the claims covering the Northeastern extension of the deposit which they believe to be much larger than the original Lac Dore deposit, and currently have an application filed for the balance of the claims staked by Soquem.
Apella’s other vanadium property, its flagship project the Iron-T, was partially staked and partially acquired from a group led by mineralogist and vanadium expert Dr Mehmet Taner in exchange for C$200,000 and 900,000 shares in Apella. Dr Taner is now on the advisory board to Apella. The 43 square kilometre project is 100% owned by Apella though some of it – the Audet Option - is subject to a 3% net smelter royalty one half of which can be purchased for C$500,000 with first right of refusal on the remaining half.
Apella’s three vanadium/titanium/iron projects are geologically similar and exhibit similar characteristics to other major vanadium deposits worldwide. All three are ultramafic layered intrusions in which the vanadium mineralisation is associated with magnetite. In each case the vanadium mineralisation begins just below the topsoil. Indeed one of Apella’s first acts was to clear the moss and soil from an area roughly the size of a football pitch at Lac Dore North and the exposed bedrock clearly revealed black bands of magnetite mineralisation. Two further “football pitches” were then cleared each revealing the same.
Infrastructure at all three projects is good. Iron-T is accessible by an all weather gravel road from the town of Matagamai which lies 10km from the property centre and has an airstrip. The Canadian national railway line passes 15km to the South and power lines pass through the site. The Lac Dore projects are 70km south east of the town of Chibaugamou with access to Quebec highway and the rail network and close to 161kV transmission lines.
Both Lac Dore and Iron-T were originally discovered in the 1950s, though the vanadium content at Iron-T was not discovered until the 1990s, and both have been subject to previous exploration work. A pre-43-101 feasibility study completed on Lac Dore in 2002 suggested that the deposit had a resource of 102 million tonnes containing 5.5 billion pounds of vanadium pentoxide at a grade of 0.49%. At this figure the deposit is the largest in North America and the second largest in the world.
But early exploration work conducted by Apella on Lac Dore North, including two stripping and channel sampling programs, 10 drill holes and a surface magnetometer survey have yielded very positive results have suggested that the area is a continuation of the Lac Dore deposit and that this part of it could be significantly larger than the known deposit at Lac Dore.
Apella’s attention recently however has been focussed on Iron-T, which with a strike length of 10.5 km could be the biggest of them all. Apella initially commissioned an N43-101 compliant technical report on the property and in December 2009 it completed the first phase of a drilling program in which the highlight from the first 13 holes included a 93 metre intersection at 0.41% vanadium pentoxide, 7.9% titanium oxide and 48.7% iron.
Apella also holds some uranium projects and copper gold projects in Quebec and will be considering how to see value for these in the future.
Future Plans
Apella’s next steps will be to take the Iron-T to feasibility study which will take 12-18 months and require in the order of $18m cash. The company, having just completed a private placement which raised $1.1m, has some C$1.5–2M cash so will need to come to the market later this year to raise further financing, but it aims to do so at the best price possible by continuing to demonstrate the potential of the project. At present its shareholder base is mostly retail; the largest shareholders are the management and the circle around them. The company will be looking for institutional involvement as the projects develop,
If all goes well with the feasibility study the company will be looking to develop production, either on its own or in partnership. It might either take the low capex option of shipping the ore as it is, or it might build a plant to crush and mill the ore on site to produce vanadium pentoxide and ferrovanadium which will generate more value added but require capex of some C$200-300m. In parallel Apella will be continuing exploration and development work on the Lac Dore projects.
Analysis
So Apella has successfully negotiated its first three years down the vanadium road but it still has a lot further to go. It has not yet reported any NI 43-101 compliant resources and there is still considerable geological risk. It will require further capital to complete the feasibility study on Iron-T so there is a risk of share dilution. Further down the line could be all the risks associated with development and operations. The bright outlook for vanadium has already attracted other juniors to the market.
Nonetheless the company could have massive potential. It controls significant open-pittable vanadium deposits, possibly even be the largest in the world, and these deposits are located in one of the world’s most mining-friendly regions with good local infrastructure. Forecasts for future vanadium demand growth range from slightly above world GDP growth if its end-uses remain mostly metallurgical, to stellar if vanadium batteries take off. Vanadium prices, of course, will depend on the future supply/demand balance, but traditionally they have volatile though relatively high compared to other metals (vanadium pentoxide currently trades at around $7/lb). Apella’s revenues could be further sweetened by titanium and iron ore credits.
The next major milestone for Apella will be the development of Iron-T and the release of a 43-101 report indicating tonnage sometime this year. This will be in an effort to move Iron-T toward Pre-Feasibility within 12 months. There may also be a decision form the Quebec Ministry about the unawarded claims at Lac Dore. In the meantime company watchers can monitor progress by looking at drill and other exploration results as they are published, by tracking the company’s access to capital, and by watching for further developments in vanadium technology and usage to see if it will indeed become the element that changes the world. "
- by Jackie Steinitz -
www.proactiveinvestors.com/companies/news/4295/apella-resour…
"Scratch at the surface at either of Apella Resources’ major vanadium/titanium/iron projects in Quebec and just a few centimetres down, under the moss and topsoil, you will find vanadium-titanium-iron mineralisation. Five and a half billion pounds of Vanadium alone at the Lac Dore deposit which is majority-controlled by Apella, according to a previous (though non 43-101 compliant) resource estimate, which makes it the second largest known deposit in the world behind Highveld in South Africa. Yet Apella believes that its claims covering a Northeastern extension of the Lac Dore Deposit could be even bigger, and its Iron-T project, some 3 hours west, bigger still. Consider too that these open-pittable projects are located in mining-friendly Quebec with significant infrastructure already in place, that the prospects for vanadium demand are becoming ever more interesting as new uses are developed, and that the projects will also benefit from iron and titanium credits - and the Apella story becomes more intriguing.
Vanadium
Apella took the decision to move into vanadium in 2007. It was attracted both by the commodity itself – its demand prospects, relative rarity and uniqueness - and by the opportunity presented by the Lac Dore project which became available for staking in Apella’s home turf; the company already held a large land package and had a number of ties in the Chibougamau region of Central Quebec.
Apella had a number of reasons for optimism about the outlook for vanadium. The first was that Apella considered that the traditional primary use for vanadium - as an additive to steel and titanium alloys - was likely to exhibit reasonably strong future growth. A small amount added to steel doubles the strength of the alloy, improve its ductility and make it more corrosion and abrasion resistant, so it is widely used in construction, cars, pipelines, high-speed tools, surgical instruments and the like. Meanwhile vanadium/aluminium/titanium alloys offer one of the highest strength to weight ratio and the presence of vanadium improves the alloy’s performance at high temperatures hence its use in aircraft and rockets (and golf clubs). Although there is some possibility of substituting ferroniobium for some of the steel applications this only becomes economic at very high vanadium prices and it compromises the strength of the alloy, so forecasters generally assume that vanadium demand will grow ahead of world GDP growth and at least in line with steel demand, though probably faster as requirements for high strength steel increase.
Reason number two for Apella’s optimism was that the supply outlook is somewhat constrained. Although vanadium is found in some 65 different minerals and in fossil fuel deposits such as crude oil, coal, oil shales and tar sands, it is never found in a pure state and is only rarely found in economic concentrations. Primary production, generally from vanadium-bearing magnetite or uranium ores, is mostly confined to three countries with China, South Africa and Russia accounting for 98% of the total world production of 54,000 tonnes in 2009 according to US Geological Service estimates. But these sources have been constrained recently with China effectively stopping its exports as it needs all the vanadium for its own use while South African production has been hit by the power crisis. Although there is some secondary production and recycling from wastes such as oil residues and spent catalysts these sources tend to be both limited and expensive.
But it is reason number three – the potential new uses for vanadium in alternative energy and clean technology - that really excited Apella. Adrian O’Brien, Apella’s director of business development, waxed lyrical on the subject in an interview with Proactive Investors. There are several new uses, he says, which could significantly boost the demand for vanadium. The first of these is vanadium redox (reduction/oxidation) batteries which can be used for storing massive quantities of electricity and so could have important load-levelling applications for wind farms, solar farms or even for conventional fossil fuel power stations and sub-stations. Vanadium redox batteries almost never lose charge – allegedly you can put one on a shelf for a century and it will still have maintained a full charge – they can be charged and discharged instantaneously, they can be recharged for 10,000 cycles or more without negatively affecting the life of the battery, there are no emissions, no disposal issues, they are the only battery that can be connected directly to a power grid, and they offer almost unlimited energy storage capacity just by increasing the size of the storage tank (though the disadvantage currently is the size of the footprint). Vanadium can also be used in rechargeable lithium batteries – both the smaller ones such as those used for example in cell phones and laptops, and in electric car batteries to improve safety and to generate higher voltages and higher energy levels. The addition of vanadium for example to the Subaru G4E car has enabled the range to be increased from 40km to 200km. Vanadium has also begun to be used as an anti-corrosion agent in some rare earth magnets. Then there has been the recent development work into vanadium dioxide which turns from a semi-conductor into a metal at temperatures of 68°F (20°C) and which can be coated as a thin film on glass to reflect infrared heat away. This product, known as “vanadium blue”, could become important in reducing air conditioning requirements in hot climates.
For the moment the metallurgical uses are the backbone of vanadium demand accounting for 90% or so of total consumption. But there are plenty of vanadium bulls besides O’Brien and Apella who believe that the future for vanadium is remarkably bright. The American science magazine, Discover, to cite one example, ran an article on the metal in October 2008 entitled “the Element that could change the world”.
Apella’s Vanadium Portfolio
Apella currently owns 2 major vanadium projects, the Iron-T Project, and the Lac Dore Project. It began acquiring the claims on the north eastern extension to Lac Dore in spring 2007, while the Lac Dore deposit itself was staked on 21st August 2007, exactly 30 days after the previous claims on the project expired. During the process a competitor, the Quebec-government owned exploration company SOQUEM also staked 21 of the same claims, some of which cover the Lac Dore Deposit, and in September 2009 the Quebec Ministry awarded 9 of the claims under contention to Apella, 2 to SOQUEM and the remaining ten are still to be decided. These 9 claims give Apella a controlling interest in the 102 million tonne, 5.5 billion lb Lac Dore Deposit. The company owns 100% of the claims covering the Northeastern extension of the deposit which they believe to be much larger than the original Lac Dore deposit, and currently have an application filed for the balance of the claims staked by Soquem.
Apella’s other vanadium property, its flagship project the Iron-T, was partially staked and partially acquired from a group led by mineralogist and vanadium expert Dr Mehmet Taner in exchange for C$200,000 and 900,000 shares in Apella. Dr Taner is now on the advisory board to Apella. The 43 square kilometre project is 100% owned by Apella though some of it – the Audet Option - is subject to a 3% net smelter royalty one half of which can be purchased for C$500,000 with first right of refusal on the remaining half.
Apella’s three vanadium/titanium/iron projects are geologically similar and exhibit similar characteristics to other major vanadium deposits worldwide. All three are ultramafic layered intrusions in which the vanadium mineralisation is associated with magnetite. In each case the vanadium mineralisation begins just below the topsoil. Indeed one of Apella’s first acts was to clear the moss and soil from an area roughly the size of a football pitch at Lac Dore North and the exposed bedrock clearly revealed black bands of magnetite mineralisation. Two further “football pitches” were then cleared each revealing the same.
Infrastructure at all three projects is good. Iron-T is accessible by an all weather gravel road from the town of Matagamai which lies 10km from the property centre and has an airstrip. The Canadian national railway line passes 15km to the South and power lines pass through the site. The Lac Dore projects are 70km south east of the town of Chibaugamou with access to Quebec highway and the rail network and close to 161kV transmission lines.
Both Lac Dore and Iron-T were originally discovered in the 1950s, though the vanadium content at Iron-T was not discovered until the 1990s, and both have been subject to previous exploration work. A pre-43-101 feasibility study completed on Lac Dore in 2002 suggested that the deposit had a resource of 102 million tonnes containing 5.5 billion pounds of vanadium pentoxide at a grade of 0.49%. At this figure the deposit is the largest in North America and the second largest in the world.
But early exploration work conducted by Apella on Lac Dore North, including two stripping and channel sampling programs, 10 drill holes and a surface magnetometer survey have yielded very positive results have suggested that the area is a continuation of the Lac Dore deposit and that this part of it could be significantly larger than the known deposit at Lac Dore.
Apella’s attention recently however has been focussed on Iron-T, which with a strike length of 10.5 km could be the biggest of them all. Apella initially commissioned an N43-101 compliant technical report on the property and in December 2009 it completed the first phase of a drilling program in which the highlight from the first 13 holes included a 93 metre intersection at 0.41% vanadium pentoxide, 7.9% titanium oxide and 48.7% iron.
Apella also holds some uranium projects and copper gold projects in Quebec and will be considering how to see value for these in the future.
Future Plans
Apella’s next steps will be to take the Iron-T to feasibility study which will take 12-18 months and require in the order of $18m cash. The company, having just completed a private placement which raised $1.1m, has some C$1.5–2M cash so will need to come to the market later this year to raise further financing, but it aims to do so at the best price possible by continuing to demonstrate the potential of the project. At present its shareholder base is mostly retail; the largest shareholders are the management and the circle around them. The company will be looking for institutional involvement as the projects develop,
If all goes well with the feasibility study the company will be looking to develop production, either on its own or in partnership. It might either take the low capex option of shipping the ore as it is, or it might build a plant to crush and mill the ore on site to produce vanadium pentoxide and ferrovanadium which will generate more value added but require capex of some C$200-300m. In parallel Apella will be continuing exploration and development work on the Lac Dore projects.
Analysis
So Apella has successfully negotiated its first three years down the vanadium road but it still has a lot further to go. It has not yet reported any NI 43-101 compliant resources and there is still considerable geological risk. It will require further capital to complete the feasibility study on Iron-T so there is a risk of share dilution. Further down the line could be all the risks associated with development and operations. The bright outlook for vanadium has already attracted other juniors to the market.
Nonetheless the company could have massive potential. It controls significant open-pittable vanadium deposits, possibly even be the largest in the world, and these deposits are located in one of the world’s most mining-friendly regions with good local infrastructure. Forecasts for future vanadium demand growth range from slightly above world GDP growth if its end-uses remain mostly metallurgical, to stellar if vanadium batteries take off. Vanadium prices, of course, will depend on the future supply/demand balance, but traditionally they have volatile though relatively high compared to other metals (vanadium pentoxide currently trades at around $7/lb). Apella’s revenues could be further sweetened by titanium and iron ore credits.
The next major milestone for Apella will be the development of Iron-T and the release of a 43-101 report indicating tonnage sometime this year. This will be in an effort to move Iron-T toward Pre-Feasibility within 12 months. There may also be a decision form the Quebec Ministry about the unawarded claims at Lac Dore. In the meantime company watchers can monitor progress by looking at drill and other exploration results as they are published, by tracking the company’s access to capital, and by watching for further developments in vanadium technology and usage to see if it will indeed become the element that changes the world. "
WC zum 31.09.09 etwa 2.05Mio C$, dieses Jahr rechnet man damit noch etwa 2Mio, eventl. etwas aufwärts, zusätzlich zu benötigen. Man hat selektiv noch ein paar Claims dazugekauft, von der Uransparte trennt man sich voraussichtlich -via IPO, für die IR wurde P. Grandich engagiert(was immer man davon halten mag):
MD &A - Feb 26, 2010
www.sedar.com
"OPERATIONS
QUEBEC
In the fiscal year under review, the Company’s principal focus was on its titanium/vanadium/iron properties. These properties are located in central Quebec near the towns of Chibougamau (the Lac Dore North property) and Matagami (the Iron-T property); both locations having superior infrastructure for exploration and for the development of mines.
During the first quarter, the Company announced results of its channel sampling program for the Lac Dore North vanadium property. (News Release January 22, 2009)
During the third quarter, the Company announced that it had acquired an additional 111 acres in the Matagami camp, bringing its Iron-T project to a total of 134 contiguous claims, encompassing approximately 10,600 acres. The Company also announced the acquisition of 19 mineral claims, which, when finalized, will include a 2.4 km strike length of the Magnetite Bay iron/vanadium deposit. Magnetite Bay is located in the Chibougamau camp. The Company also announced that it had commenced line cutting and ground geophysics to identify drill targets. This was followed up by the completion of ten diamond drill holes on the Lac Dore North property. Preliminary results of the drilling program were announced July 27, 2009.
In the fourth quarter, the Company announced the results of a channel sampling program on the Lac Dore North project. (News Release September 25, 2009) It also announced the completion of a Magnetometer Survey. At the end of October, the Company announced that it had commenced drilling on its Iron-T iron/vanadium/titanium project. (See also “Subsequent Events”)
The Company announced a plan to exchange its interest in its Frontline/Malo Lake Uranium property for an equity position in an affiliated company; Priority Uranium Corporation. Frontline is prospective for Uranium and the Company had previously collected and analyzed radiometric data from its airborne geophysics survey of the property. Priority Uranium will raise its own capital and undertake exploration programs in its own name while Apella concentrates on its strategic Vanadium/Iron/Titanium projects. Apella has agreed to exchange its ownership in the Frontline property for 4,000,000 shares of Priority Uranium Corporation, subject to Priority Uranium Corporation completing a public offering of its shares.
ONTARIO
The Company undertook prospecting and sampling on its Firecracker project. While the results were not spectacular, they did indicate enough mineralization to warrant further exploration on that property.
Outlook
The outlook for the coming year is considerably brighter than it has been in the last two years. The Canadian economy has largely recovered and the outlook of the financial markets is much improved from the previous year. The cost of drilling has lessened and the availability of diamond drills has improved from a year ago. The prices of gold and copper have improved and the price of vanadium has improved. Of perhaps greater importance, the demand for vanadium has also improved. The Company is of the opinion that both as an energy mineral and as a strategic mineral, the recovery in the demand for Vanadium may lead that of other commodities.
The Company’s major exploration emphasis during the coming year will be on its Vanadium properties. Apella intends to raise approximately $2,000,000 for exploration costs during the year and it is anticipated that these funds will be raised through private placements; part of which may be through the issuance of flow-through shares. Depending upon the success of its drilling programs on the Iron-T and Lac Dore North, the amount of funding raised may exceed $2,000,000 by a considerable amount.
Depending upon the availability of resources, Apella may further develop its copper and gold properties or may enter into option agreements or joint ventures with other companies to develop those properties. "
MD &A - Feb 26, 2010
www.sedar.com
"OPERATIONS
QUEBEC
In the fiscal year under review, the Company’s principal focus was on its titanium/vanadium/iron properties. These properties are located in central Quebec near the towns of Chibougamau (the Lac Dore North property) and Matagami (the Iron-T property); both locations having superior infrastructure for exploration and for the development of mines.
During the first quarter, the Company announced results of its channel sampling program for the Lac Dore North vanadium property. (News Release January 22, 2009)
During the third quarter, the Company announced that it had acquired an additional 111 acres in the Matagami camp, bringing its Iron-T project to a total of 134 contiguous claims, encompassing approximately 10,600 acres. The Company also announced the acquisition of 19 mineral claims, which, when finalized, will include a 2.4 km strike length of the Magnetite Bay iron/vanadium deposit. Magnetite Bay is located in the Chibougamau camp. The Company also announced that it had commenced line cutting and ground geophysics to identify drill targets. This was followed up by the completion of ten diamond drill holes on the Lac Dore North property. Preliminary results of the drilling program were announced July 27, 2009.
In the fourth quarter, the Company announced the results of a channel sampling program on the Lac Dore North project. (News Release September 25, 2009) It also announced the completion of a Magnetometer Survey. At the end of October, the Company announced that it had commenced drilling on its Iron-T iron/vanadium/titanium project. (See also “Subsequent Events”)
The Company announced a plan to exchange its interest in its Frontline/Malo Lake Uranium property for an equity position in an affiliated company; Priority Uranium Corporation. Frontline is prospective for Uranium and the Company had previously collected and analyzed radiometric data from its airborne geophysics survey of the property. Priority Uranium will raise its own capital and undertake exploration programs in its own name while Apella concentrates on its strategic Vanadium/Iron/Titanium projects. Apella has agreed to exchange its ownership in the Frontline property for 4,000,000 shares of Priority Uranium Corporation, subject to Priority Uranium Corporation completing a public offering of its shares.
ONTARIO
The Company undertook prospecting and sampling on its Firecracker project. While the results were not spectacular, they did indicate enough mineralization to warrant further exploration on that property.
Outlook
The outlook for the coming year is considerably brighter than it has been in the last two years. The Canadian economy has largely recovered and the outlook of the financial markets is much improved from the previous year. The cost of drilling has lessened and the availability of diamond drills has improved from a year ago. The prices of gold and copper have improved and the price of vanadium has improved. Of perhaps greater importance, the demand for vanadium has also improved. The Company is of the opinion that both as an energy mineral and as a strategic mineral, the recovery in the demand for Vanadium may lead that of other commodities.
The Company’s major exploration emphasis during the coming year will be on its Vanadium properties. Apella intends to raise approximately $2,000,000 for exploration costs during the year and it is anticipated that these funds will be raised through private placements; part of which may be through the issuance of flow-through shares. Depending upon the success of its drilling programs on the Iron-T and Lac Dore North, the amount of funding raised may exceed $2,000,000 by a considerable amount.
Depending upon the availability of resources, Apella may further develop its copper and gold properties or may enter into option agreements or joint ventures with other companies to develop those properties. "
komisch, da kamen einige Meldungen bei mir nicht an, hole das dann mal nach -2te Bohrrunde, inkl. Ausweitung des Programms, beendet, 3te Runde sollte demnächst folgen:
Diamond Drilling Complete Iron-T Iron-Vanadium-Titanium Project
1 Mar 2010
www.apellaresources.com/news/diamond-drilling-complete-iron-…
"Apella Resources Inc. (TSX.V Symbol - "APA"); (Frankfurt Symbol - "NWN"), and its Board of Directors are pleased to announce that Apella has now successfully completed its 2nd Phase of drilling program on the Iron-T Vanadium-Iron-Titanium Project. At the request of Apella's geological field crew, management agreed to include additional meterage of drilling that was undertaken. The Company is planning a follow up near-term news release in order to provide details on the drill holes.
The drill core is cut and logged and samples have been sent off to ALS Chemex in Canada for processing and testing for Vanadium, Iron and Titanium.
In addition to the diamond drilling that was undertaken the Apella is also carrying out further line-cutting and ground geophysics to confirm specific drill targets for the next round (Phase 3) of drilling.
The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella's Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. The Iron-T Project is Apella's largest Canadian Iron-Vanadium-Titanium project and will be the main focus of most of Apella's diamond drilling and exploration endeavours over the coming months. "
Diamond Drilling Complete Iron-T Iron-Vanadium-Titanium Project
1 Mar 2010
www.apellaresources.com/news/diamond-drilling-complete-iron-…
"Apella Resources Inc. (TSX.V Symbol - "APA"); (Frankfurt Symbol - "NWN"), and its Board of Directors are pleased to announce that Apella has now successfully completed its 2nd Phase of drilling program on the Iron-T Vanadium-Iron-Titanium Project. At the request of Apella's geological field crew, management agreed to include additional meterage of drilling that was undertaken. The Company is planning a follow up near-term news release in order to provide details on the drill holes.
The drill core is cut and logged and samples have been sent off to ALS Chemex in Canada for processing and testing for Vanadium, Iron and Titanium.
In addition to the diamond drilling that was undertaken the Apella is also carrying out further line-cutting and ground geophysics to confirm specific drill targets for the next round (Phase 3) of drilling.
The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella's Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. The Iron-T Project is Apella's largest Canadian Iron-Vanadium-Titanium project and will be the main focus of most of Apella's diamond drilling and exploration endeavours over the coming months. "
Private Placement and Board Appointment - 9 Mar 2010
www.apellaresources.com/news/private-placement-and-board-app…
"Apella Resources Inc. (TSXV - "NVE"; Frankfurt - "NWN"), announces that the Company has closed its private placement announced January 26th, 2010. The company accepted proceeds totaling $1,191,700 Cdn, for which it issued 5,958,500 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.25 per share for a period of 18 months. Of the 5,958,500 shares being issued in the private placement 4,308,500 are non flow-through and 1,650,000 are flow-through. Finders' fees amounting to 110,000 units and $21,756 cash were also paid on this financing. All shares issued with regard to this private placement are subject to a 4 month hold period expiring on May 29th, 2010.
In addition, the Company wishes to announce the appointment of Christopher B. Chu to the Board of Directors. Christopher Chu has been a member of the law society of British Columbia since September 1984 and had previously served as a director of Apella Resources Inc. from February 1996 to April 2002. Mr. Chu is also the Corporate Secretary of Apella Resources Inc. "
www.apellaresources.com/news/private-placement-and-board-app…
"Apella Resources Inc. (TSXV - "NVE"; Frankfurt - "NWN"), announces that the Company has closed its private placement announced January 26th, 2010. The company accepted proceeds totaling $1,191,700 Cdn, for which it issued 5,958,500 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.25 per share for a period of 18 months. Of the 5,958,500 shares being issued in the private placement 4,308,500 are non flow-through and 1,650,000 are flow-through. Finders' fees amounting to 110,000 units and $21,756 cash were also paid on this financing. All shares issued with regard to this private placement are subject to a 4 month hold period expiring on May 29th, 2010.
In addition, the Company wishes to announce the appointment of Christopher B. Chu to the Board of Directors. Christopher Chu has been a member of the law society of British Columbia since September 1984 and had previously served as a director of Apella Resources Inc. from February 1996 to April 2002. Mr. Chu is also the Corporate Secretary of Apella Resources Inc. "
Final Payments Paid – 100% Ownership Complete Iron-T Vanadium-Iron-Titanium Project, Quebec - 11 Mar 2010
www.apellaresources.com/news/final-payments-paid-–-100-owner…
"Apella Resources Inc. (TSX.V Symbol - APA); (Frankfurt Symbol - NWN), and its Board of Directors are pleased to announce that the Company has completed all of its payment and exploration commitments to earn a 100% interest in its Iron-T Project.
Under the Purchase Agreement announced in February 2008, on the initial 17 claims at Iron-T, Apella committed to acquire a 100 % interest in the Iron-T Vanadium-Titanium-Iron Project by paying the vendors $250,000.00 cash and 900,000 common shares of Apella. All of the share and cash payments are now complete and the final traunch of $90,000.00 cash and 300,000 common shares was paid on February 15th, 2010. The 300,000 shares issued were subject to a four month hold period. A 3% Net Smelter Return ("NSR"), of which Apella may purchase at its discretion, 1 ½ % (one half) of the NSR for $500,000, has been set aside in favour of the Vendors. Apella also retains a First Right of Refusal on the balance of the NSR. Apella had also committed to carry out a minimum of $500,000 of exploration and has since fulfilled this obligation as well. Apella and the Vendors have also entered into an Area of Influence Agreement whereby any mineral claims, acquired by either Apella or the Vendors, within 2 miles of the boundaries of the initial 17 claims will automatically be included in the Iron-T Project. Since the Purchase Agreement was executed, both Apella and the Vendors have applied for all the available claims of immediate interest, adjoining or nearby the Iron-T project. The new claims will all be added to the Iron-T Project.
To date, Apella has enlarged the initial 17-claim property acquired to the current total of 145 claims. Apella has carried out two successful diamond drill programs, ground geophysics, extensive line cutting, and considerable trench sampling on its Iron-T project. The Company is awaiting the assay results of its recent diamond drilling program and planning for its next round of drilling. The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal.
The geological setting and mineralization encountered on Apella's 100% owned Iron-T Vanadium-Titanium-Iron property located in the Bell River Complex indicates many similarities with typical world-class magmatic Fe-Ti-V oxide deposits associated with a layered intrusive complex. Most of these deposits are associated with mafic-ultramafic layered complexes such as the Lake Doré Complex in Chibougamau, Quebec; the Windimurra Complex in Australia; the Panzhihua layered intrusion in China and the Bushveld Complex in South Africa. The 6.5 km thick sequence of the Bushveld complex is the largest layered mafic intrusion in South Africa. About 39.5% of total world vanadium production (55 700 t in 2006 (USGS, 2006)) comes from the Bushveld Complex. The V-Fe-Ti oxide ores at Bushveld form concordant layers varying from 0.1 to 10 m in thickness within the Upper Zone but most of these layers are relatively thin and less than 30 cm in thickness. The lower contact of individual layers with their footwall is usually sharp. The upper contacts of individual layers are often gradational and show a gradual decrease of oxide content in the rock. Furthermore, oxide-rich layers are rarely composed entirely of Fe-Ti oxide and some layers or portion of layers may be composed of a fair amount of silicates.
"The economically important Main Magnetite Layer varies from 1.0 to 2.5 m in thickness and covers a strike length of 200 km in the western Bushveld Complex and 120 km in the Eastern Bushveld Complex (Reynolds, 1985)." The Rhovan mine of Xstrata Alloys is a primary vanadium producer situated within the Western Lobe of the Bushveld Complex. The mine is located some 35 km ENE of Rustenburg, South Africa. The vanadium mineral resource and ore reserve of Rhovan mine reported by Xstrata Alloys as of September 2007 (Xstrata Alloys, 2008) are:
Proved Ore Reserves - 39.2 Mt @ 0.51% V2O5
Probable Ore Reserves - 10.5 Mt @ 0.53% V2O5
Measured Mineral Resources - 64.4 Mt @ 0.51% V2O5
Indicated Mineral Resources - 13.7 Mt @ 0.53% V2O5
Inferred Mineral Resources - 124.9 Mt @ 0.51% V2O5"
The Lake Doré Complex is a Bushveld-type Archean layered mafic intrusion (Allard, 1976) located some 250 km due east of Matagami in the Chibougamau mining camp. The Lake Doré Complex is the most advanced project and the largest vanadium deposit in North America. It shows a geological setting and vanadiferous mineralization similar to the Bell River Complex. The Lake Doré Complex is 5 to 7 km in thickness and has been subdivided into three main units from base to top: The Lower Serie including the Anorthosite Zone; the Layered Serie; and the Upper Serie which includes the Granophyre and the Border Zone (Daigneault and Allard, 1990). The mineralized zones form a 50 to 200 m thick sequence within the Layered Serie. The sequence comprises ferrogabbro, ferropyroxenite and magnetite and hosts the highest grades of vanadium mineralization. Mineralized oxide horizons are also characterized by heterogeneous and rhythmic distribution within the Layered Serie (Taner, Ercit and Gault, 1998) and a gradual upward decrease of vanadium content and gradual upward increase of ilmenite (Daigneault and Allard, 1990). The magnetite horizons vary from 50 to 200 m in thickness and extend for 16 km along strike as inferred from airborne magnetic data. The Lake Doré Vanadium deposit at Chibougamau is estimated to 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at 0.65% V2O5 (Girard and Allard, 1998).
Apella has concluded that similarities between the Iron-T Vanadium-Titanium-Iron property and typical world class vanadium deposits associated to layered mafic to ultramafic intrusions justifies an series of aggressive exploration programs dedicated to the project. Future exploration programs will be designed to further define prospective areas of vanadiferous mineralization within the Upper zone of the Bell River Complex. Since the vanadium content is closely correlated with iron contents of the host rock, magnetic geophysical methods are considered to be the most effective and inexpensive approach to locate favourable horizons that may indicative of vanadiferous mineralization.
The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provide housing, servicing, supplies, consumables and transport facilities including railway access for an efficient mining operation. Hydro from James Bay is nearby. ..."
www.apellaresources.com/news/final-payments-paid-–-100-owner…
"Apella Resources Inc. (TSX.V Symbol - APA); (Frankfurt Symbol - NWN), and its Board of Directors are pleased to announce that the Company has completed all of its payment and exploration commitments to earn a 100% interest in its Iron-T Project.
Under the Purchase Agreement announced in February 2008, on the initial 17 claims at Iron-T, Apella committed to acquire a 100 % interest in the Iron-T Vanadium-Titanium-Iron Project by paying the vendors $250,000.00 cash and 900,000 common shares of Apella. All of the share and cash payments are now complete and the final traunch of $90,000.00 cash and 300,000 common shares was paid on February 15th, 2010. The 300,000 shares issued were subject to a four month hold period. A 3% Net Smelter Return ("NSR"), of which Apella may purchase at its discretion, 1 ½ % (one half) of the NSR for $500,000, has been set aside in favour of the Vendors. Apella also retains a First Right of Refusal on the balance of the NSR. Apella had also committed to carry out a minimum of $500,000 of exploration and has since fulfilled this obligation as well. Apella and the Vendors have also entered into an Area of Influence Agreement whereby any mineral claims, acquired by either Apella or the Vendors, within 2 miles of the boundaries of the initial 17 claims will automatically be included in the Iron-T Project. Since the Purchase Agreement was executed, both Apella and the Vendors have applied for all the available claims of immediate interest, adjoining or nearby the Iron-T project. The new claims will all be added to the Iron-T Project.
To date, Apella has enlarged the initial 17-claim property acquired to the current total of 145 claims. Apella has carried out two successful diamond drill programs, ground geophysics, extensive line cutting, and considerable trench sampling on its Iron-T project. The Company is awaiting the assay results of its recent diamond drilling program and planning for its next round of drilling. The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal.
The geological setting and mineralization encountered on Apella's 100% owned Iron-T Vanadium-Titanium-Iron property located in the Bell River Complex indicates many similarities with typical world-class magmatic Fe-Ti-V oxide deposits associated with a layered intrusive complex. Most of these deposits are associated with mafic-ultramafic layered complexes such as the Lake Doré Complex in Chibougamau, Quebec; the Windimurra Complex in Australia; the Panzhihua layered intrusion in China and the Bushveld Complex in South Africa. The 6.5 km thick sequence of the Bushveld complex is the largest layered mafic intrusion in South Africa. About 39.5% of total world vanadium production (55 700 t in 2006 (USGS, 2006)) comes from the Bushveld Complex. The V-Fe-Ti oxide ores at Bushveld form concordant layers varying from 0.1 to 10 m in thickness within the Upper Zone but most of these layers are relatively thin and less than 30 cm in thickness. The lower contact of individual layers with their footwall is usually sharp. The upper contacts of individual layers are often gradational and show a gradual decrease of oxide content in the rock. Furthermore, oxide-rich layers are rarely composed entirely of Fe-Ti oxide and some layers or portion of layers may be composed of a fair amount of silicates.
"The economically important Main Magnetite Layer varies from 1.0 to 2.5 m in thickness and covers a strike length of 200 km in the western Bushveld Complex and 120 km in the Eastern Bushveld Complex (Reynolds, 1985)." The Rhovan mine of Xstrata Alloys is a primary vanadium producer situated within the Western Lobe of the Bushveld Complex. The mine is located some 35 km ENE of Rustenburg, South Africa. The vanadium mineral resource and ore reserve of Rhovan mine reported by Xstrata Alloys as of September 2007 (Xstrata Alloys, 2008) are:
Proved Ore Reserves - 39.2 Mt @ 0.51% V2O5
Probable Ore Reserves - 10.5 Mt @ 0.53% V2O5
Measured Mineral Resources - 64.4 Mt @ 0.51% V2O5
Indicated Mineral Resources - 13.7 Mt @ 0.53% V2O5
Inferred Mineral Resources - 124.9 Mt @ 0.51% V2O5"
The Lake Doré Complex is a Bushveld-type Archean layered mafic intrusion (Allard, 1976) located some 250 km due east of Matagami in the Chibougamau mining camp. The Lake Doré Complex is the most advanced project and the largest vanadium deposit in North America. It shows a geological setting and vanadiferous mineralization similar to the Bell River Complex. The Lake Doré Complex is 5 to 7 km in thickness and has been subdivided into three main units from base to top: The Lower Serie including the Anorthosite Zone; the Layered Serie; and the Upper Serie which includes the Granophyre and the Border Zone (Daigneault and Allard, 1990). The mineralized zones form a 50 to 200 m thick sequence within the Layered Serie. The sequence comprises ferrogabbro, ferropyroxenite and magnetite and hosts the highest grades of vanadium mineralization. Mineralized oxide horizons are also characterized by heterogeneous and rhythmic distribution within the Layered Serie (Taner, Ercit and Gault, 1998) and a gradual upward decrease of vanadium content and gradual upward increase of ilmenite (Daigneault and Allard, 1990). The magnetite horizons vary from 50 to 200 m in thickness and extend for 16 km along strike as inferred from airborne magnetic data. The Lake Doré Vanadium deposit at Chibougamau is estimated to 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at 0.65% V2O5 (Girard and Allard, 1998).
Apella has concluded that similarities between the Iron-T Vanadium-Titanium-Iron property and typical world class vanadium deposits associated to layered mafic to ultramafic intrusions justifies an series of aggressive exploration programs dedicated to the project. Future exploration programs will be designed to further define prospective areas of vanadiferous mineralization within the Upper zone of the Bell River Complex. Since the vanadium content is closely correlated with iron contents of the host rock, magnetic geophysical methods are considered to be the most effective and inexpensive approach to locate favourable horizons that may indicative of vanadiferous mineralization.
The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provide housing, servicing, supplies, consumables and transport facilities including railway access for an efficient mining operation. Hydro from James Bay is nearby. ..."
Apella Hires Renmark Financial for IR - Mar 29, 2010
www.marketwire.com/press-release/Apella-Hires-Renmark-Financ…
www.marketwire.com/press-release/Apella-Hires-Renmark-Financ…
Apella's Iron-T Project Delivers Again: 70.90 Metres (232.61 Feet) Assaying 44.24% Fe2O3, 7.90% TiO2, and 0.53% V2O5 - Mar 30, 2010
www.marketwire.com/press-release/Apellas-Iron-T-Project-Deli…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that the Company has received the first results of its 2nd Phase of diamond drilling on its Iron-T Vanadium-Iron-Titanium project ideally situated near the mining town of Matagami, Quebec.
These initial assay results from six of the recent drill holes carried out have delivered further positive findings. Apella's previous work; channel sampling, stripping, mag surveying and Phase 1 diamond drilling on the Iron-T established and confirmed the presence of significant Vanadium, Titanium, and Iron mineralization. These follow up drill programs are designed to lengthen the strike and increase the volume of the extensive mineralized zones running 10.3 kms west to east through the Iron-T.
Core sample assays for six of the 2010 Phase 2 drill holes have now been reviewed and Apella can confirm that the Company has intersected significant disseminated, semi-massive and massive vanadiferous mineralization on its Iron-T Vanadium-Iron-Titanium Project.
Highlights of the semi-massive to massive intersections from these initial new Phase 2 results include the following:
+ Drill Hole MA-10-19 – (114 metres long) has been collared at 50 m East of MA-10-18. This hole successfully intersected two separated mineralized zones and confirmed the extension of the main zone to the East. The lower, second oxide zone, was intersected between 63.35 m and 98.60 m. It returned 44.21% Fe2O3, 7.62% TiO2 and 0.57% V2O5 over 32.52 m (106.69 feet), including 44.86% Fe2O3, 7.84% TiO2 and 0.58% V2O5 over 20.67 m (67.81 feet). It was preceded by the upper oxide zone which contains a significant 7.72 metre (25.33 feet) core intersection of 39.98% Fe2O3, 7.60% TiO2 and 0.54% V2O5.
+ Drill Hole MA-10-18 – (120 metres long) is located 50 m East of MA-09-04 on the main magnetic axis. This hole was targeted to confirm the eastern extension and grades of the mineralized zones, which it did. The hole provided an intersection of 37.39 m (122.67 feet) at 32.12% Fe2O3, 5.71% TiO2 and 0.43% V2O5 including 18.64 m (61.15 feet) of 48.46% Fe2O3, 9.32% TiO2 and 0.66% V2O5.
+ Drill Hole MA-10-17 – (102 metres long) was collared on a cross-section located between hole LT-98-02 (Noranda-1998) and Apella's Phase 1 Hole MA-09-05. The distance between those previous two holes is 100 m. MA-10-17 successfully intersected four distinct disseminated to massive mineralized zones containing high vanadium grades. Those zones including the lower grades provided a 66.08 m (216.80 foot) long intersection averaging 32.10% Fe2O3, 5.29% TiO2 and 0.42% V2O5; including 26.75 m (87.76 feet) grading 42.90% Fe2O3, 7.55% TiO2, 0.52% V2O5; 12.30 m (40.35 feet) grading 30.38% Fe2O3, 4.92% TiO2, 0.43% V2O5; 1.08 m (3.54 feet) at 29.58% Fe2O3, 5.21% TiO2, 0.46% V2O5 and 1.75 m (5.74 feet) at 46.48% Fe2O3, 7.77% TiO2 and 0.77% V2O5.
+ Drill Hole MA-10-16 – (108 metres long) was collared at mid-distance between Apella Phase 1 Holes MA-09-05 and MA-09-06. MA-10-16 yielded a 15.13 m (49.64 feet) intersection grading 29.40% Fe2O3, 4.33% TiO2 and 0.32% V2O5; which includes four intersections higher than 0.50% V2O5. This same hole also yielded a second 10 m (32.81 foot) wide intersection returning 33.90% Fe2O3, 5.39% TiO2 and 0.43% V2O5; including 2.50 m (8.20 feet) at 0.55% V2O5. This hole confirms the excellent results obtained previously in Apella's Phase 1 hole MA-09-05.
+ Drill hole MA-10-15 – (180 metres long) was collared at about 65 m SW of Apella's hole MA-10-14. Utilizing a cut-off of 0.40% V2O5, this hole MA-10-15 yielded a significant 70.90 m (232.61 feet) of 44.22% Fe2O3, 7.90% TiO2 and 0.53% V2O5. This hole is located on the same cross-section of Apella's Phase 1 hole MA-09-11, however, with an opposite azimuth (see results of MA-09-11 in Apella's Press Release dated January 18, 2010).
+ Drill Hole MA-10-14 – (117 metres in length), was bored on the same cross-section as Apella's Phase 1 holes MA-09-02 and MA-09-06, situated in the central part of the main known mineral deposit. With the mineralized intersection from Apella's new hole MA-10-14, combined with the mineralized layers intersected in Apella's Phase 1 drill holes MA-09-02 and MA-09-06 the total width of this specific oxide mineralization is now confirmed over 310 metres (1,017 feet). This hole was primarily intended to intersect a second E-W magnetic axis and to provide a stratigraphic cross-section. It intersected six (6) disseminated to semi-massive Fe-Ti-V mineralized layers ranging from 1 m (3.28 feet) to 20 m (65.62 feet) (true thickness) over a horizontal width of 75 m (246.06 feet).
The best intersections from hole MA-10-14 were obtained from a 29.61 m (97.15 foot) long drill core intersection (20 m/65.62 feet true thickness) which averages 20.77% Fe2O3, 3.06% TiO2, and 0.21% V2O5; including 1.25 m (4.10 feet) of 41.29% Fe2O3, 8.13% TiO2 and 0.61% V2O5, and 1.25 m (4.10 feet) of 41.80% Fe2O3, 5.74% TiO2 and 0.41% V2O5.
Other disseminated to semi-massive intersections in this hole MA-10-14 are as follows:
- 16.50 m (54.13 feet) at 12.51% Fe2O3, 1.38% TiO2, and 0.14% V2O5;
- 9.67 m (31.73 feet) at 15.67% Fe2O3, 1.61% TiO2, and 0.16% V2O5;
- 7.50 m (24.61 feet) at 13.28% Fe2O3, 1.49% TiO2, and 0.15% V2O5;
- 3.00 m (9.84 feet) at 15.52% Fe2O3, 3.06% TiO2, and 0.12% V2O5;
- 1.25 m (4.10 feet) at 12.05% Fe2O3, 1.59% TiO2, and 0.12% V2O5.
The above results indicate that the mineralized zones over the Iron-T extend to the East and are still open in both directions and at depth.
The drill results for holes MA-10-20 to MA-10-24 inclusive are still to come, and are expected to be released within the following 2 weeks.
The above drill intersects are compiled from 307 core samples that were submitted with blanks to ALS-Chemex for assaying, a commercial laboratory with ISO 9001:2000 certification. All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10).
The QC/QA program implemented by the Apella's QP, was applied. In addition, several core samples have been sent to Dr. M. Taner for an examination with microscope and microprobe.
Dr. Christian Derosier, P.Geo, Consulting Geologist, is the Qualified Person responsible for the scientific and technical work for the program as defined under National Instrument 43-101 and has reviewed this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien – Chairman
To be added to the email distribution list for news releases and updates, please email us at apella@apellaresources.com. "
www.marketwire.com/press-release/Apellas-Iron-T-Project-Deli…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that the Company has received the first results of its 2nd Phase of diamond drilling on its Iron-T Vanadium-Iron-Titanium project ideally situated near the mining town of Matagami, Quebec.
These initial assay results from six of the recent drill holes carried out have delivered further positive findings. Apella's previous work; channel sampling, stripping, mag surveying and Phase 1 diamond drilling on the Iron-T established and confirmed the presence of significant Vanadium, Titanium, and Iron mineralization. These follow up drill programs are designed to lengthen the strike and increase the volume of the extensive mineralized zones running 10.3 kms west to east through the Iron-T.
Core sample assays for six of the 2010 Phase 2 drill holes have now been reviewed and Apella can confirm that the Company has intersected significant disseminated, semi-massive and massive vanadiferous mineralization on its Iron-T Vanadium-Iron-Titanium Project.
Highlights of the semi-massive to massive intersections from these initial new Phase 2 results include the following:
+ Drill Hole MA-10-19 – (114 metres long) has been collared at 50 m East of MA-10-18. This hole successfully intersected two separated mineralized zones and confirmed the extension of the main zone to the East. The lower, second oxide zone, was intersected between 63.35 m and 98.60 m. It returned 44.21% Fe2O3, 7.62% TiO2 and 0.57% V2O5 over 32.52 m (106.69 feet), including 44.86% Fe2O3, 7.84% TiO2 and 0.58% V2O5 over 20.67 m (67.81 feet). It was preceded by the upper oxide zone which contains a significant 7.72 metre (25.33 feet) core intersection of 39.98% Fe2O3, 7.60% TiO2 and 0.54% V2O5.
+ Drill Hole MA-10-18 – (120 metres long) is located 50 m East of MA-09-04 on the main magnetic axis. This hole was targeted to confirm the eastern extension and grades of the mineralized zones, which it did. The hole provided an intersection of 37.39 m (122.67 feet) at 32.12% Fe2O3, 5.71% TiO2 and 0.43% V2O5 including 18.64 m (61.15 feet) of 48.46% Fe2O3, 9.32% TiO2 and 0.66% V2O5.
+ Drill Hole MA-10-17 – (102 metres long) was collared on a cross-section located between hole LT-98-02 (Noranda-1998) and Apella's Phase 1 Hole MA-09-05. The distance between those previous two holes is 100 m. MA-10-17 successfully intersected four distinct disseminated to massive mineralized zones containing high vanadium grades. Those zones including the lower grades provided a 66.08 m (216.80 foot) long intersection averaging 32.10% Fe2O3, 5.29% TiO2 and 0.42% V2O5; including 26.75 m (87.76 feet) grading 42.90% Fe2O3, 7.55% TiO2, 0.52% V2O5; 12.30 m (40.35 feet) grading 30.38% Fe2O3, 4.92% TiO2, 0.43% V2O5; 1.08 m (3.54 feet) at 29.58% Fe2O3, 5.21% TiO2, 0.46% V2O5 and 1.75 m (5.74 feet) at 46.48% Fe2O3, 7.77% TiO2 and 0.77% V2O5.
+ Drill Hole MA-10-16 – (108 metres long) was collared at mid-distance between Apella Phase 1 Holes MA-09-05 and MA-09-06. MA-10-16 yielded a 15.13 m (49.64 feet) intersection grading 29.40% Fe2O3, 4.33% TiO2 and 0.32% V2O5; which includes four intersections higher than 0.50% V2O5. This same hole also yielded a second 10 m (32.81 foot) wide intersection returning 33.90% Fe2O3, 5.39% TiO2 and 0.43% V2O5; including 2.50 m (8.20 feet) at 0.55% V2O5. This hole confirms the excellent results obtained previously in Apella's Phase 1 hole MA-09-05.
+ Drill hole MA-10-15 – (180 metres long) was collared at about 65 m SW of Apella's hole MA-10-14. Utilizing a cut-off of 0.40% V2O5, this hole MA-10-15 yielded a significant 70.90 m (232.61 feet) of 44.22% Fe2O3, 7.90% TiO2 and 0.53% V2O5. This hole is located on the same cross-section of Apella's Phase 1 hole MA-09-11, however, with an opposite azimuth (see results of MA-09-11 in Apella's Press Release dated January 18, 2010).
+ Drill Hole MA-10-14 – (117 metres in length), was bored on the same cross-section as Apella's Phase 1 holes MA-09-02 and MA-09-06, situated in the central part of the main known mineral deposit. With the mineralized intersection from Apella's new hole MA-10-14, combined with the mineralized layers intersected in Apella's Phase 1 drill holes MA-09-02 and MA-09-06 the total width of this specific oxide mineralization is now confirmed over 310 metres (1,017 feet). This hole was primarily intended to intersect a second E-W magnetic axis and to provide a stratigraphic cross-section. It intersected six (6) disseminated to semi-massive Fe-Ti-V mineralized layers ranging from 1 m (3.28 feet) to 20 m (65.62 feet) (true thickness) over a horizontal width of 75 m (246.06 feet).
The best intersections from hole MA-10-14 were obtained from a 29.61 m (97.15 foot) long drill core intersection (20 m/65.62 feet true thickness) which averages 20.77% Fe2O3, 3.06% TiO2, and 0.21% V2O5; including 1.25 m (4.10 feet) of 41.29% Fe2O3, 8.13% TiO2 and 0.61% V2O5, and 1.25 m (4.10 feet) of 41.80% Fe2O3, 5.74% TiO2 and 0.41% V2O5.
Other disseminated to semi-massive intersections in this hole MA-10-14 are as follows:
- 16.50 m (54.13 feet) at 12.51% Fe2O3, 1.38% TiO2, and 0.14% V2O5;
- 9.67 m (31.73 feet) at 15.67% Fe2O3, 1.61% TiO2, and 0.16% V2O5;
- 7.50 m (24.61 feet) at 13.28% Fe2O3, 1.49% TiO2, and 0.15% V2O5;
- 3.00 m (9.84 feet) at 15.52% Fe2O3, 3.06% TiO2, and 0.12% V2O5;
- 1.25 m (4.10 feet) at 12.05% Fe2O3, 1.59% TiO2, and 0.12% V2O5.
The above results indicate that the mineralized zones over the Iron-T extend to the East and are still open in both directions and at depth.
The drill results for holes MA-10-20 to MA-10-24 inclusive are still to come, and are expected to be released within the following 2 weeks.
The above drill intersects are compiled from 307 core samples that were submitted with blanks to ALS-Chemex for assaying, a commercial laboratory with ISO 9001:2000 certification. All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10).
The QC/QA program implemented by the Apella's QP, was applied. In addition, several core samples have been sent to Dr. M. Taner for an examination with microscope and microprobe.
Dr. Christian Derosier, P.Geo, Consulting Geologist, is the Qualified Person responsible for the scientific and technical work for the program as defined under National Instrument 43-101 and has reviewed this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien – Chairman
To be added to the email distribution list for news releases and updates, please email us at apella@apellaresources.com. "
Apella's Iron-T Project Continues to Deliver - Apr 06, 2010
+ 44.87 METRES (147.21 FEET) ASSAYING 44.63% Fe2O3, 9.39% TiO2, and 0.57% V2O5
+ 28.28 METRES (92.78 FEET) ASSAYING 52.14% Fe2O3, 10.62% TiO2, and 0.82% V2O5
+ 33.44 METRES (109.71 FEET) ASSAYING 39.80% Fe2O3, 7.45% TiO2, and 0.58% V2O5
+ 15.60 METRES (51.18 FEET) ASSAYING 48.09% Fe2O3, 9.26% TiO2, and 0.72% V2O5
+ 109.10 METRES (357.94 FEET) ASSAYING 29.25% Fe2O3, 4.47% TiO2, and 0.36% V2O5 ...
www.marketwire.com/press-release/Apellas-Iron-T-Project-Cont…
"Apella Resources Inc. and its Board of Directors are pleased to announce that the Company has received the remainder of its drill results of its Phase 2 of diamond drilling on its Iron-T Vanadium-Iron-Titanium project. These new results from the eastern extension of the Iron-T continued to provide positive results.
Core sample assays for these four 2010 drill holes have now been reviewed and Apella confirms that it has intersected further highly significant disseminated, semi massive and massive vanadiferous mineralization on its Iron-T Vanadium-Iron-Titanium Project.
Those four drill holes extend this mineralized zone over more than 500m and have returned impressive widths and values. Three of the four holes have been collared on the same N-S line in order to test and confirm a thickening of the strong magnetic anomaly. This is a very important element as the company moves toward zoning out tonnage in order to delineate a mineable resource.
In its Phase 2 of diamond drilling the company submitted 549 drill samples, including 226 from 4 of the last 5 holes; which included numerous random blanks for analysis. The assays returned in Phase 2 by ALS Chemex ranged from a low of approximately 0.10 Fe2O3 to highs of over 70% Fe2O3; a low of 0.70 TiO2 to highs in the range of 15.92% TiO2; and lows in the range of 0.07% V2O5 to highs in the range of 1.21% V2O5. Of the 549 Fe2O3 assays received 234 exceeded 30% Fe2O3, 166 exceeded 40% Fe2O3, 81 exceeded 50% Fe2O3, and 107 were in the 50% to 71% Fe2O3 range. Of the TiO2 assays 307 assays exceeded 3% TiO2, 209 exceed 5% TiO2, and 70 samples exceeded 10% TiO2. Of the 59 samples 362 exceeded 0.20% V2O5, 199 exceeded 0.40% V2O5, 157 exceeded 0.50% V2O5, 51 exceeded 0.75% V2O5 and 9 exceed 1.00% V2O5. The assays in the upper percentiles continue to increase in quantity and grade as the number of drill holes increases.
Mr. Patrick D. O'Brien, ICD.D, Chairman, states, "We have now proven that the Iron-T hosts mineraliztion in quantity and quality. Apella's geological team has advised management that it plans to produce and submit to management an updated 43-101 compliant report on the Iron-T within the next couple of weeks and at that time determine and provide management with an initial inferred resource figure for the Iron-T based on the 24 holes of diamond drilling to date."
Dr. Christian Derosier, P. Geo, Consulting Geologist, and Qualified Person for the Iron-T project states, "The excellent drilling results obtained in 2009 and 2010 encourages the geologists to prepare an estimation to date of mineral resources for the Iron T project, which will be compliant with NI 43-101."
The following is a chart outlining the new assay results from these latest four holes #MA-10-20 through #MA-10-24. As well, this chart includes the other six holes from the Phase #2 drilling that were announced in Apella's release March 30, 2010. Following the chart will be a brief description of the details pertaining to the most recent four holes.
2010 DIAMOND DRILLING PROGRAM - IRON T
SIGNIFICANT ASSAY RESULTS
Composite assay results with interval value greater than 0.20% V2O5
(Average true width can be determined by multiplying the core length below by 0.59 )
As of April 6th, 2010
DDH NUM FROM (m) TO (m) LENGTH (m) FROM (ft) TO (ft) LENGTH (ft) Fe2O3 (%) TIO2 (%) V2O5 (%)
MA-10-20 19.81 47.22 19.00 64.99 154.92 62.34 35.81 6.46 0.50
Including 19.81 35.41 15.60 64.99 116.17 51.18 48.09 9.26 0.72
MA-10-20 102.45 114.00 11.55 336.12 374.01 37.89 17.31 2.25 0.18
MA-10-21 24.94 139.29 114.35 81.82 456.99 375.16 29.25 4.47 0.36
Including 27.44 55.69 28.25 90.03 182.71 92.68 35.36 4.37 0.37
MA-10-21 59.95 65.01 5.06 196.69 213.29 16.60 52.07 9.54 0.80
MA-10-21 65.01 97.01 32.00 213.29 318.27 104.99 18.38 2.53 0.19
MA-10-21 97.01 130.45 33.44 318.27 427.98 109.71 39.80 7.45 0.58
Including 97.01 104.25 28.28 318.27 342.03 92.78 52.14 10.62 0.82
MA-10-21 130.54 139.29 8.75 428.28 456.99 28.71 14.08 1.51 0.14
MA-10-22 30.46 36.98 6.52 99.93 121.33 21.39 16.55 2.33 0.15
MA-10-22 36.98 63.46 26.48 121.33 208.20 86.88 41.10 7.26 0.54
MA-10-23 26.46 40.21 13.75 86.81 131.92 45.11 18.85 2.65 0.16
MA-10-23 47.18 92.05 44.87 154.79 302.00 147.21 44.63 9.39 0.57
MA-10-23 105.50 114.50 9.00 346.13 375.66 29.53 24.02 3.67 0.31
Specific commentary on the semi-massive to massive intersects, from the new results is as follows:
Drill hole MA-10-20 was drilled to114 metres in length and collared at about 450 m ESE of drill hole MA-10-19. The first mineralized layer was intersected at 19.00m. From 19.81m to 47.22m, the hole returned 35.81% Fe2O3, 6.46% TiO2 and 0.50% V2O5 including an impressive 15.60m (51.18 ft) of 48.09% Fe2O3, 9.26% TiO2 and 0.72% V2O5. Lower grade intersections were obtained from 47.22m to 89.34m, and from 102.45 to 114.00m which returned 17.31% Fe2O3, 2.25% TiO2 and 0.18% V2O5. Due to the excellent results obtained in the upper part of drill hole MA-10-20. Drill hole MA-10-22 was collared at about 20m north of drill hole MA-10-20.
Drill hole MA-10-21 was drilled to 144m in length and was collared at about 85m South of Hole MA-10-20 in order to intersect the very wide magnetic anomaly in that location. The hole successfully intersected an almost continuous mineralized zone from 24.94m to 139.29m with some impressive vanadium intersections. This wide intersection yielded a very encouraging 109.10 meters (357.94 ft) of 29.25% Fe2O3, 4.47% TiO2 and 0.36% V2O5.
This intersection included:
+ 28.25m (92.68 ft) from 27.44m to 55.69m, grading 35.36% Fe2O3, 4.37% TiO2 and 0.37% V2O5;
+ 5.06m (16.6 ft) from 59.95m to 65.01m grading 52.07% Fe2O3, 9.54% TiO2 and 0.80% V2O5;
+ 32.0m (104.99 ft) from 65.01m to 97.01m grading 18.38% Fe2O3, 2.53% TiO2 and 0.19% V2O5;
+ 33.44m (109.71 ft) from 97.01m to 130.45m grading 39.80% Fe2O3, 7.45% TiO2 and 0.58% V2O5; including 28.28m (92.78 ft) grading 52.14% Fe2O3, 10.62% TiO2 and 0.82% V2O5; and
+ 8.75m (28.71 ft) from 130.54m to 139.29m grading 14.08% Fe2O3, 1.51% TiO2 and 0.14% V2O5.
+ The highest Vanadium pentoxide value obtained in this hole is 1.12%. This value is shouldered by four V2O5 values higher than 0.87%.
Drill hole MA-10-22 was drilled to 69m in length and collared at about 25m north of hole MA-10-20 in order to verify at depth the extension of the very good intersection obtained close to the surface. From 30.46m to 36.98m the hole intersected disseminated to semi-massive layers of oxide. Assays returned 6.52m (21.39 ft) of 16.55% Fe2O3, 2.33% TiO2 and 0.15 V2O5. This intersection is followed from 36.98m to 63.46m by more massive layers yielding 26.48m (86.88) of high grade mineralization assaying 41.10% Fe2O3, 7.26% TiO2 and 0.54% V2O5. From 63.46m to the end of hole, disseminated mineralization was encountered. This hole needs to be revisited and extended to 145m.
Drill hole MA-10-23 was collared at the mid-distance between MA-10-20 and MA-10-19. At this location, the magnetic anomaly is weaker, due to a thicker overburden. This hole started at 26.46m with a low grade intersection which returned 13.75m (45.11 ft) of 18.85% Fe2O3, 2.65% TiO2 and 0.16% V2O5. From 47.18m to 92.05m, the hole returned 44.87m (147.21 ft) grading 44.63% Fe2O3, 9.39% TiO2 and 0.57% V2O5; including several samples of 1.25m (4.10 ft) in length higher than 0.70% V2O5. As well, 9.0m (29.53 ft) grading 24.02% Fe2O3, 3.67% TiO2 and 0.31% V2O5 was intersected between 105.50m and 114.50m down hole.
Drill hole MA-10-24 was collared at about 50m West of MA-09-10, on the western side to the mineral deposit. The hole has been ended at 48m in the overburden, and the area will be revisited and extended during the next program. This hole encourages Apella's geologists to test the weakest magnetic anomalies existing on the property.
The above results from Phase 2, clearly indicates that the mineralized zones extend to the East and are still open in both directions and at depth.
Results of the magnetometer survey carried out over the East and West extensions, simultaneous to the drilling, are anxiously awaited.
NOTE: The Company would also like to make note of a significant 6m (19.69 ft) intersection from drill Hole-10-17 that was not specifically highlighted in Apella's March 30th news release. This very high grade drill intersection yielded average grades of 83.58% Fe2O3, 18.46% TiO2, and 1.1425% V2O5.
Over the next week or so Apella will be posting to its website, 1) a chart outlining all of the most important drill hole intersections for the all of it drill holes on the Iron-T to date (Phase 1 and Phase2); a chart detailing all of the individual assays received to date; certain drill log diagrams and is considering providing some of the specific modeling as it is prepared.
The above drill intersects for the 4 holes are compiled from 226 core samples that were submitted with blanks to ALS-Chemex for assaying, a commercial laboratory with ISO 9001:2000 certification. All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10).
The QC/QA program implemented by the Apella's QP, was applied.
Dr. Christian Derosier, P. Geo, Consulting Geologist, is the Qualified Person responsible for the scientific and technical work for the program as defined under National Instrument 43-101 and has reviewed this press release.
Apella invites the public to visit its website at
www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien – Chairman "
+ 44.87 METRES (147.21 FEET) ASSAYING 44.63% Fe2O3, 9.39% TiO2, and 0.57% V2O5
+ 28.28 METRES (92.78 FEET) ASSAYING 52.14% Fe2O3, 10.62% TiO2, and 0.82% V2O5
+ 33.44 METRES (109.71 FEET) ASSAYING 39.80% Fe2O3, 7.45% TiO2, and 0.58% V2O5
+ 15.60 METRES (51.18 FEET) ASSAYING 48.09% Fe2O3, 9.26% TiO2, and 0.72% V2O5
+ 109.10 METRES (357.94 FEET) ASSAYING 29.25% Fe2O3, 4.47% TiO2, and 0.36% V2O5 ...
www.marketwire.com/press-release/Apellas-Iron-T-Project-Cont…
"Apella Resources Inc. and its Board of Directors are pleased to announce that the Company has received the remainder of its drill results of its Phase 2 of diamond drilling on its Iron-T Vanadium-Iron-Titanium project. These new results from the eastern extension of the Iron-T continued to provide positive results.
Core sample assays for these four 2010 drill holes have now been reviewed and Apella confirms that it has intersected further highly significant disseminated, semi massive and massive vanadiferous mineralization on its Iron-T Vanadium-Iron-Titanium Project.
Those four drill holes extend this mineralized zone over more than 500m and have returned impressive widths and values. Three of the four holes have been collared on the same N-S line in order to test and confirm a thickening of the strong magnetic anomaly. This is a very important element as the company moves toward zoning out tonnage in order to delineate a mineable resource.
In its Phase 2 of diamond drilling the company submitted 549 drill samples, including 226 from 4 of the last 5 holes; which included numerous random blanks for analysis. The assays returned in Phase 2 by ALS Chemex ranged from a low of approximately 0.10 Fe2O3 to highs of over 70% Fe2O3; a low of 0.70 TiO2 to highs in the range of 15.92% TiO2; and lows in the range of 0.07% V2O5 to highs in the range of 1.21% V2O5. Of the 549 Fe2O3 assays received 234 exceeded 30% Fe2O3, 166 exceeded 40% Fe2O3, 81 exceeded 50% Fe2O3, and 107 were in the 50% to 71% Fe2O3 range. Of the TiO2 assays 307 assays exceeded 3% TiO2, 209 exceed 5% TiO2, and 70 samples exceeded 10% TiO2. Of the 59 samples 362 exceeded 0.20% V2O5, 199 exceeded 0.40% V2O5, 157 exceeded 0.50% V2O5, 51 exceeded 0.75% V2O5 and 9 exceed 1.00% V2O5. The assays in the upper percentiles continue to increase in quantity and grade as the number of drill holes increases.
Mr. Patrick D. O'Brien, ICD.D, Chairman, states, "We have now proven that the Iron-T hosts mineraliztion in quantity and quality. Apella's geological team has advised management that it plans to produce and submit to management an updated 43-101 compliant report on the Iron-T within the next couple of weeks and at that time determine and provide management with an initial inferred resource figure for the Iron-T based on the 24 holes of diamond drilling to date."
Dr. Christian Derosier, P. Geo, Consulting Geologist, and Qualified Person for the Iron-T project states, "The excellent drilling results obtained in 2009 and 2010 encourages the geologists to prepare an estimation to date of mineral resources for the Iron T project, which will be compliant with NI 43-101."
The following is a chart outlining the new assay results from these latest four holes #MA-10-20 through #MA-10-24. As well, this chart includes the other six holes from the Phase #2 drilling that were announced in Apella's release March 30, 2010. Following the chart will be a brief description of the details pertaining to the most recent four holes.
2010 DIAMOND DRILLING PROGRAM - IRON T
SIGNIFICANT ASSAY RESULTS
Composite assay results with interval value greater than 0.20% V2O5
(Average true width can be determined by multiplying the core length below by 0.59 )
As of April 6th, 2010
DDH NUM FROM (m) TO (m) LENGTH (m) FROM (ft) TO (ft) LENGTH (ft) Fe2O3 (%) TIO2 (%) V2O5 (%)
MA-10-20 19.81 47.22 19.00 64.99 154.92 62.34 35.81 6.46 0.50
Including 19.81 35.41 15.60 64.99 116.17 51.18 48.09 9.26 0.72
MA-10-20 102.45 114.00 11.55 336.12 374.01 37.89 17.31 2.25 0.18
MA-10-21 24.94 139.29 114.35 81.82 456.99 375.16 29.25 4.47 0.36
Including 27.44 55.69 28.25 90.03 182.71 92.68 35.36 4.37 0.37
MA-10-21 59.95 65.01 5.06 196.69 213.29 16.60 52.07 9.54 0.80
MA-10-21 65.01 97.01 32.00 213.29 318.27 104.99 18.38 2.53 0.19
MA-10-21 97.01 130.45 33.44 318.27 427.98 109.71 39.80 7.45 0.58
Including 97.01 104.25 28.28 318.27 342.03 92.78 52.14 10.62 0.82
MA-10-21 130.54 139.29 8.75 428.28 456.99 28.71 14.08 1.51 0.14
MA-10-22 30.46 36.98 6.52 99.93 121.33 21.39 16.55 2.33 0.15
MA-10-22 36.98 63.46 26.48 121.33 208.20 86.88 41.10 7.26 0.54
MA-10-23 26.46 40.21 13.75 86.81 131.92 45.11 18.85 2.65 0.16
MA-10-23 47.18 92.05 44.87 154.79 302.00 147.21 44.63 9.39 0.57
MA-10-23 105.50 114.50 9.00 346.13 375.66 29.53 24.02 3.67 0.31
Specific commentary on the semi-massive to massive intersects, from the new results is as follows:
Drill hole MA-10-20 was drilled to114 metres in length and collared at about 450 m ESE of drill hole MA-10-19. The first mineralized layer was intersected at 19.00m. From 19.81m to 47.22m, the hole returned 35.81% Fe2O3, 6.46% TiO2 and 0.50% V2O5 including an impressive 15.60m (51.18 ft) of 48.09% Fe2O3, 9.26% TiO2 and 0.72% V2O5. Lower grade intersections were obtained from 47.22m to 89.34m, and from 102.45 to 114.00m which returned 17.31% Fe2O3, 2.25% TiO2 and 0.18% V2O5. Due to the excellent results obtained in the upper part of drill hole MA-10-20. Drill hole MA-10-22 was collared at about 20m north of drill hole MA-10-20.
Drill hole MA-10-21 was drilled to 144m in length and was collared at about 85m South of Hole MA-10-20 in order to intersect the very wide magnetic anomaly in that location. The hole successfully intersected an almost continuous mineralized zone from 24.94m to 139.29m with some impressive vanadium intersections. This wide intersection yielded a very encouraging 109.10 meters (357.94 ft) of 29.25% Fe2O3, 4.47% TiO2 and 0.36% V2O5.
This intersection included:
+ 28.25m (92.68 ft) from 27.44m to 55.69m, grading 35.36% Fe2O3, 4.37% TiO2 and 0.37% V2O5;
+ 5.06m (16.6 ft) from 59.95m to 65.01m grading 52.07% Fe2O3, 9.54% TiO2 and 0.80% V2O5;
+ 32.0m (104.99 ft) from 65.01m to 97.01m grading 18.38% Fe2O3, 2.53% TiO2 and 0.19% V2O5;
+ 33.44m (109.71 ft) from 97.01m to 130.45m grading 39.80% Fe2O3, 7.45% TiO2 and 0.58% V2O5; including 28.28m (92.78 ft) grading 52.14% Fe2O3, 10.62% TiO2 and 0.82% V2O5; and
+ 8.75m (28.71 ft) from 130.54m to 139.29m grading 14.08% Fe2O3, 1.51% TiO2 and 0.14% V2O5.
+ The highest Vanadium pentoxide value obtained in this hole is 1.12%. This value is shouldered by four V2O5 values higher than 0.87%.
Drill hole MA-10-22 was drilled to 69m in length and collared at about 25m north of hole MA-10-20 in order to verify at depth the extension of the very good intersection obtained close to the surface. From 30.46m to 36.98m the hole intersected disseminated to semi-massive layers of oxide. Assays returned 6.52m (21.39 ft) of 16.55% Fe2O3, 2.33% TiO2 and 0.15 V2O5. This intersection is followed from 36.98m to 63.46m by more massive layers yielding 26.48m (86.88) of high grade mineralization assaying 41.10% Fe2O3, 7.26% TiO2 and 0.54% V2O5. From 63.46m to the end of hole, disseminated mineralization was encountered. This hole needs to be revisited and extended to 145m.
Drill hole MA-10-23 was collared at the mid-distance between MA-10-20 and MA-10-19. At this location, the magnetic anomaly is weaker, due to a thicker overburden. This hole started at 26.46m with a low grade intersection which returned 13.75m (45.11 ft) of 18.85% Fe2O3, 2.65% TiO2 and 0.16% V2O5. From 47.18m to 92.05m, the hole returned 44.87m (147.21 ft) grading 44.63% Fe2O3, 9.39% TiO2 and 0.57% V2O5; including several samples of 1.25m (4.10 ft) in length higher than 0.70% V2O5. As well, 9.0m (29.53 ft) grading 24.02% Fe2O3, 3.67% TiO2 and 0.31% V2O5 was intersected between 105.50m and 114.50m down hole.
Drill hole MA-10-24 was collared at about 50m West of MA-09-10, on the western side to the mineral deposit. The hole has been ended at 48m in the overburden, and the area will be revisited and extended during the next program. This hole encourages Apella's geologists to test the weakest magnetic anomalies existing on the property.
The above results from Phase 2, clearly indicates that the mineralized zones extend to the East and are still open in both directions and at depth.
Results of the magnetometer survey carried out over the East and West extensions, simultaneous to the drilling, are anxiously awaited.
NOTE: The Company would also like to make note of a significant 6m (19.69 ft) intersection from drill Hole-10-17 that was not specifically highlighted in Apella's March 30th news release. This very high grade drill intersection yielded average grades of 83.58% Fe2O3, 18.46% TiO2, and 1.1425% V2O5.
Over the next week or so Apella will be posting to its website, 1) a chart outlining all of the most important drill hole intersections for the all of it drill holes on the Iron-T to date (Phase 1 and Phase2); a chart detailing all of the individual assays received to date; certain drill log diagrams and is considering providing some of the specific modeling as it is prepared.
The above drill intersects for the 4 holes are compiled from 226 core samples that were submitted with blanks to ALS-Chemex for assaying, a commercial laboratory with ISO 9001:2000 certification. All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10).
The QC/QA program implemented by the Apella's QP, was applied.
Dr. Christian Derosier, P. Geo, Consulting Geologist, is the Qualified Person responsible for the scientific and technical work for the program as defined under National Instrument 43-101 and has reviewed this press release.
Apella invites the public to visit its website at
www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien – Chairman "
Apella Files for OTCQX Listing in USA - Apr 07, 2010
www.marketwire.com/press-release/Apella-Files-for-OTCQX-List…
www.marketwire.com/press-release/Apella-Files-for-OTCQX-List…
Antwort auf Beitrag Nr.: 39.290.707 von Popeye82 am 07.04.10 21:35:01http://www.smartstox.com/interviews/apa
Gruß Fritz
Gruß Fritz
Danke, schon gehört. Anzumerken ist auf jeden Fall, dass dem APA Mgmt. ziemlich penetrant nachgesagt wird, dass Deren Primärinteressen scheinbar v.a. darin liegen sich die eigenen Taschen vollzuschaufeln. Soetwas sollte man auf jeden Fall ernst nehmen, wobei ich das bisher "weder bestätigen, noch widerlegen" kann:
Apella Resources Adopts Plan to Protect Shareholders' Rights - Apr 08, 2010
www.marketwire.com/press-release/Apella-Resources-Adopts-Pla…
Anzumerken ist auf jeden Fall, dass dem APA Mgmt. ziemlich penetrant nachgesagt wird, dass Deren Primärinteressen scheinbar v.a. darin liegen sich die eigenen Taschen vollzuschaufeln. Soetwas sollte man auf jeden Fall ernst nehmen, wobei ich das bisher "weder bestätigen, noch widerlegen" kann:Apella Resources Adopts Plan to Protect Shareholders' Rights - Apr 08, 2010
www.marketwire.com/press-release/Apella-Resources-Adopts-Pla…
Apella Resources Inc.: Management's Recommendations Approved by Shareholders at AGM - Apr 19, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Manage…
www.marketwire.com/press-release/Apella-Resources-Inc-Manage…
Antwort auf Beitrag Nr.: 39.298.038 von Popeye82 am 08.04.10 21:14:30Hi Popeye
So eine Aussage finde ich sehr bedeutend, kannst du eventuell angeben wie du zu dieser Information kommst, damit ich mir ein besseres Bild vom Management machen kann?
Gruß Fritz
So eine Aussage finde ich sehr bedeutend, kannst du eventuell angeben wie du zu dieser Information kommst, damit ich mir ein besseres Bild vom Management machen kann?
Gruß Fritz
Antwort auf Beitrag Nr.: 39.383.681 von Fritz777 am 22.04.10 14:26:38
Hallo Fritz,
Also mir fällt es schwer, mir davon ein "halbwegs komplettes" Bild zu machen. Schau dafür am besten mal in´s SH rein -&dann v.a. mal die Postings von User(in?) Sandcrab lesen.
Also in der Beziehung sehe ich das mit ziemlich gemischten Gefühlen &zudem dürften sie wahrs. ab nächstem Jahr um die 18Mio $ für eine FS benötigen(wenn man auf das bisschen was sie dazu bekanntgegeben haben bauen kann(habe das eigentlich nur einmal in einem Minesite Artikel erwähnt gesehen)). Die 2sich abzeichnenden Deposits sehen dafür m.A.n. ziemlich interessant/vielversprechend aus, natürlich unter Berücksichtigung wirtschaftlich noch vollkommener Unkalkulierbarkeit(zudem werden sie wohl wahrs. nicht Ihre(n) 100% Anteil(e) beibehalten). Da es ja ein "strukturell", vertikal "mehrfach gestaffeltes" Vorkommen ist, habe ich auch noch keine genauere Vorstellung davon, wie sich das auf potenziell spätere Abbaumethoden/Kosten auswirken wird/könnte.
Gruß
Popeye
Hallo Fritz,
Also mir fällt es schwer, mir davon ein "halbwegs komplettes" Bild zu machen. Schau dafür am besten mal in´s SH rein -&dann v.a. mal die Postings von User(in?) Sandcrab lesen.
Also in der Beziehung sehe ich das mit ziemlich gemischten Gefühlen &zudem dürften sie wahrs. ab nächstem Jahr um die 18Mio $ für eine FS benötigen(wenn man auf das bisschen was sie dazu bekanntgegeben haben bauen kann(habe das eigentlich nur einmal in einem Minesite Artikel erwähnt gesehen)). Die 2sich abzeichnenden Deposits sehen dafür m.A.n. ziemlich interessant/vielversprechend aus, natürlich unter Berücksichtigung wirtschaftlich noch vollkommener Unkalkulierbarkeit(zudem werden sie wohl wahrs. nicht Ihre(n) 100% Anteil(e) beibehalten). Da es ja ein "strukturell", vertikal "mehrfach gestaffeltes" Vorkommen ist, habe ich auch noch keine genauere Vorstellung davon, wie sich das auf potenziell spätere Abbaumethoden/Kosten auswirken wird/könnte.
Gruß
Popeye
Antwort auf Beitrag Nr.: 39.387.439 von Popeye82 am 22.04.10 22:05:35Hi Popeye
Danke für die Auskunft.
Habe mir die Postings der letzten Zeit von sandcrab durchgelesen und wie es mir scheint war er vorwiegend gegen die Kreierung von Power Vanadium.
(long, that is ) then your foot must be mighty sore from the holes ur shooting in it. Even you must realize the positives in this thing:
(1 )Management is one step away from acquiring a portfolio of claims that may contain ore that could be valued in the billions of $
2) Management has either listened to shareholders complaints or decided among themselves the error in creating Power Vanadium and has rectified the problem.
3) Management has been very obliging and co-operative in supplying information and documents to shareholders. ( At least to this one )
4) They have done a credible drilling program on the Iron T indicating that the deposit could be bigger than Val D'ORE
I don't know how much you lost on this in the past but it seems to me this Company is in a very different position than it was. Maybe you should see if you can get some back.
I have shares in San Gold and have watched the bashers on that site, ( Some awful pumpers too ), all the way up from $2.21 to its present close today of $3.80. They have drilled and drilled with people complaining that they are lining their own pockets, that they should be spending more to ramp up production, etc., ect., but they now have reserves in excess of 3 million ozs with grades comparable to Goldcorp in Red Lake.
What I am trying to say, management CAN at times do the right thing and we won't all agree on their methods. Both companies may be candidates for takeovers at some point. I want to be in if and when that happens.
Was die FS betrifft scheinen mir die letzten Announcements darauf hin zu deuten das ein JV für Iron T angestrebt wird, das würde dann zumindest die eigenen Kosten erst mal senken(detto später auch den eventuell möglichen Gewinn).
Gruß Fritz
Danke für die Auskunft.
Habe mir die Postings der letzten Zeit von sandcrab durchgelesen und wie es mir scheint war er vorwiegend gegen die Kreierung von Power Vanadium.
(long, that is ) then your foot must be mighty sore from the holes ur shooting in it. Even you must realize the positives in this thing:
(1 )Management is one step away from acquiring a portfolio of claims that may contain ore that could be valued in the billions of $
2) Management has either listened to shareholders complaints or decided among themselves the error in creating Power Vanadium and has rectified the problem.
3) Management has been very obliging and co-operative in supplying information and documents to shareholders. ( At least to this one )
4) They have done a credible drilling program on the Iron T indicating that the deposit could be bigger than Val D'ORE
I don't know how much you lost on this in the past but it seems to me this Company is in a very different position than it was. Maybe you should see if you can get some back.
I have shares in San Gold and have watched the bashers on that site, ( Some awful pumpers too ), all the way up from $2.21 to its present close today of $3.80. They have drilled and drilled with people complaining that they are lining their own pockets, that they should be spending more to ramp up production, etc., ect., but they now have reserves in excess of 3 million ozs with grades comparable to Goldcorp in Red Lake.
What I am trying to say, management CAN at times do the right thing and we won't all agree on their methods. Both companies may be candidates for takeovers at some point. I want to be in if and when that happens.
Was die FS betrifft scheinen mir die letzten Announcements darauf hin zu deuten das ein JV für Iron T angestrebt wird, das würde dann zumindest die eigenen Kosten erst mal senken(detto später auch den eventuell möglichen Gewinn).
Gruß Fritz
es scheint so, als ob sie Iron-T, durch das gleich anvisieren von höheren Resourcenkategorien als ursprünglich gedacht, beschleunigen wollen. Bin mir nicht so ganz sicher, ob das positiv zu sehen ist, da das wahrs. auch mit "Qualitätsverlusten", der initiierten Schärtzung, verbunden sein dürfte(höhere Kategorien, trotz gleicher Grundlage). Desweiteren wird es zu Lac Dore jetzt zu weiteren konkreten Anhörungsterminen kommen(komplizierte Situation bezgl. der 9weiteren &generell den Ansprüchen der Claims(die wenigen SOQUEM zugestandenen wollen sie ja am liebsten auch noch haben(da kann man froh sein, dass sie mit Iron-T auf 2Beinen stehen))):
Apella Resources Inc.: Corporate Update - Apr 29, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Corpor…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to provide its shareholders with the following corporate update on activities of the company.
Shareholder's Rights Plan Approval – Apella has now received acceptance of its Shareholder's Rights Plan from the TSX Venture Exchange and the plan is now officially in place.
Stock Option Plan Approval – Apella's Stock Option Plan as submitted and ratified at the Company's recent Annual General and Special Meeting by the shareholders has now been accepted by the TSX Venture Exchange.
Iron-T Project NI 43-101 Report and Resource Calculations – Upon review of the results to date Dr. Christian Derosier, P.Geo, Consulting Geologist, and Qualified Person for the Iron-T Vanadium-Iron-Titanium Project has advised management that rather than submit a calculation for an Inferred Resource as first intended, he now intends to engage a well respected independent mining engineering firm to prepare a preliminary Indicated and Measured Resource Calculation based on the drilling results to date. As well, the firm engaged for the resource calculations would also be commissioned to prepare the new NI 43-101 Report for the Iron-T Project. Dr. Derosier's proposal is welcomed by management and has received management's full endorsement. This will certainly move the project to a new level. The independence of such a report will elevate the quality and credibility of the Iron-T data-set as well as the overall significance of the project itself.
Lac Dore Project – The Company, the Attorney General for the Province of Quebec and the Courts of Quebec have agreed upon specific court dates to be set aside to hear Apella's Appeal of the Lac Dore decision handed down by the Ministere des Ressources naturelles et de la Faune du Quebec (herein referred to as the "Quebec Ministry") wherein Apella was awarded 9 of the 21 Lac Dore claims staked by it, but refused on 9 others. The arguments will be heard November 29th and 30th and December 1st and 2nd of 2010. Apella is of the opinion that not only did it stake the 9 claims it has been awarded in the Quebec Ministry's decision appropriately, but it also staked the additional 9 claims it wants awarded to it in accordance with the long established spirit as set out under section 17 of the Quebec Mining Act. Apella commented on the filing of its appeal in its April 8th, 2010 Corporate Update news release.
Since the Company's news release of April 8, 2010, Rejean Picard, the original competing staker for the Lac Dore claims and SOQUEM Inc. ("SOQUEM"), a wholly owned subsidiary of la Société générale de financement du Québec, a Crown Corporation of the Province of Quebec, on whose behalf the claims were being staked, have filed a Declaration of Intervention in the Quebec Court asking that they be joined as a party in the appeal of the decision of the Quebec Ministry. Apella believes that the Declaration by Picard and SOQUEM is without merit and will oppose any involvement of Picard and SOQUEM in the appeal.
The Company will continue to focus its Vanadium-Iron-Titanium exploration at this in pursuit of developing the Iron-T Project to the Bankable Feasibility stage. "
Apella Resources Inc.: Corporate Update - Apr 29, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Corpor…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to provide its shareholders with the following corporate update on activities of the company.
Shareholder's Rights Plan Approval – Apella has now received acceptance of its Shareholder's Rights Plan from the TSX Venture Exchange and the plan is now officially in place.
Stock Option Plan Approval – Apella's Stock Option Plan as submitted and ratified at the Company's recent Annual General and Special Meeting by the shareholders has now been accepted by the TSX Venture Exchange.
Iron-T Project NI 43-101 Report and Resource Calculations – Upon review of the results to date Dr. Christian Derosier, P.Geo, Consulting Geologist, and Qualified Person for the Iron-T Vanadium-Iron-Titanium Project has advised management that rather than submit a calculation for an Inferred Resource as first intended, he now intends to engage a well respected independent mining engineering firm to prepare a preliminary Indicated and Measured Resource Calculation based on the drilling results to date. As well, the firm engaged for the resource calculations would also be commissioned to prepare the new NI 43-101 Report for the Iron-T Project. Dr. Derosier's proposal is welcomed by management and has received management's full endorsement. This will certainly move the project to a new level. The independence of such a report will elevate the quality and credibility of the Iron-T data-set as well as the overall significance of the project itself.
Lac Dore Project – The Company, the Attorney General for the Province of Quebec and the Courts of Quebec have agreed upon specific court dates to be set aside to hear Apella's Appeal of the Lac Dore decision handed down by the Ministere des Ressources naturelles et de la Faune du Quebec (herein referred to as the "Quebec Ministry") wherein Apella was awarded 9 of the 21 Lac Dore claims staked by it, but refused on 9 others. The arguments will be heard November 29th and 30th and December 1st and 2nd of 2010. Apella is of the opinion that not only did it stake the 9 claims it has been awarded in the Quebec Ministry's decision appropriately, but it also staked the additional 9 claims it wants awarded to it in accordance with the long established spirit as set out under section 17 of the Quebec Mining Act. Apella commented on the filing of its appeal in its April 8th, 2010 Corporate Update news release.
Since the Company's news release of April 8, 2010, Rejean Picard, the original competing staker for the Lac Dore claims and SOQUEM Inc. ("SOQUEM"), a wholly owned subsidiary of la Société générale de financement du Québec, a Crown Corporation of the Province of Quebec, on whose behalf the claims were being staked, have filed a Declaration of Intervention in the Quebec Court asking that they be joined as a party in the appeal of the decision of the Quebec Ministry. Apella believes that the Declaration by Picard and SOQUEM is without merit and will oppose any involvement of Picard and SOQUEM in the appeal.
The Company will continue to focus its Vanadium-Iron-Titanium exploration at this in pursuit of developing the Iron-T Project to the Bankable Feasibility stage. "
Phase III startet:
Apella Resources Inc.: Drilling Commences Iron-T Vanadium-Iron-Titanium Project - May 05, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Drilli…
Apella Resources Inc.: Drilling Commences Iron-T Vanadium-Iron-Titanium Project - May 05, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Drilli…
Antwort auf Beitrag Nr.: 39.465.818 von Popeye82 am 06.05.10 06:52:15May 05, 2010 13:43 ET
Apella Resources Inc.: Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN), announces that the Company has arranged a $150,000 Cdn, non-brokered, non flow-through Private Placement through the issuance of 750,000 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.25 per share for a period of 18 months. All shares issued will be subject to a 4 month hold period per the policies of the TSX Venture Exchange and this private placement is subject to the approval of the TSX Venture Exchange. Proceeds will be allocated to exploration of Apella's Iron-T Vanadium-Titanium-Iron Project at Matagami, Quebec on which drilling is to begin the afternoon of May 5th, 2010.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
http://www.marketwire.com/press-release/Apella-Resources-Inc…
Gruß Fritz
Apella Resources Inc.: Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN), announces that the Company has arranged a $150,000 Cdn, non-brokered, non flow-through Private Placement through the issuance of 750,000 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.25 per share for a period of 18 months. All shares issued will be subject to a 4 month hold period per the policies of the TSX Venture Exchange and this private placement is subject to the approval of the TSX Venture Exchange. Proceeds will be allocated to exploration of Apella's Iron-T Vanadium-Titanium-Iron Project at Matagami, Quebec on which drilling is to begin the afternoon of May 5th, 2010.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
http://www.marketwire.com/press-release/Apella-Resources-Inc…
Gruß Fritz
Apella Resources Inc.: SGS Geostat Engaged for Iron-T Resource Calculation - May 06, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-SGS-Ge…
www.marketwire.com/press-release/Apella-Resources-Inc-SGS-Ge…
Promo Vertrag:
Dig Media Partners with Apella Resources - Jun 4, 2010
http://ca.news.finance.yahoo.com/s/04062010/41/f-filing-serv…
Dig Media Partners with Apella Resources - Jun 4, 2010
http://ca.news.finance.yahoo.com/s/04062010/41/f-filing-serv…
Antwort auf Beitrag Nr.: 39.647.818 von Popeye82 am 08.06.10 12:13:47Apella Resources Receives Positive Results From Phase 3 Drilling Program On Iron-T Vanadium-Iron-Titanium Project
http://www.apellaresources.com/news/2010/109-apella-resource…
Gruß Fritz
http://www.apellaresources.com/news/2010/109-apella-resource…
Gruß Fritz
Drilling Extends Depth Of Vanadium-Iron-Titanium Mineralization At Iron-T By 143 Metres
Wednesday, 07 July 2010 11:06
Vancouver, BC – July 7, 2010
Apella Resources Inc. (TSX.V: APA), (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that highly significant disseminated, semi massive and massive vanadiferous mineralization has been intersected in two more drill holes during the third round of drilling on its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
Positive assay results from the two additional drill holes have been received and highlights include 99.89 metres (327.7 feet) of 0.41% Vanadium Pentoxide (V2O5), 47.28% Iron Oxide (Fe2O3) and 7.79% Titanium Dioxide (TiO2). One hole previously drilled during the Company’s first drilling program was extended to 306 metres (1003 feet) in order to determine the depth of mineralization. As anticipated, this extension intersected two additional thick layers of mineralization at depth. The second hole confirmed the presence of significant vanadiferous mineralization 50 metres north of previously known mineralization. These 2 successful drill holes will contribute to significantly increase the size of the mineral resource. Drilling to date has so far been contained to a small area of approximately 1 – 1.5 kilometres along strike of the perceived 10.5 kilometre (6.5 miles) mineralized strike length. No infill drilling has been taken to date but is intended to be part of the next phase of drilling.
http://www.apellaresources.com/news/2010/110-drilling-extend…
Gruß Fritz
Wednesday, 07 July 2010 11:06
Vancouver, BC – July 7, 2010
Apella Resources Inc. (TSX.V: APA), (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that highly significant disseminated, semi massive and massive vanadiferous mineralization has been intersected in two more drill holes during the third round of drilling on its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
Positive assay results from the two additional drill holes have been received and highlights include 99.89 metres (327.7 feet) of 0.41% Vanadium Pentoxide (V2O5), 47.28% Iron Oxide (Fe2O3) and 7.79% Titanium Dioxide (TiO2). One hole previously drilled during the Company’s first drilling program was extended to 306 metres (1003 feet) in order to determine the depth of mineralization. As anticipated, this extension intersected two additional thick layers of mineralization at depth. The second hole confirmed the presence of significant vanadiferous mineralization 50 metres north of previously known mineralization. These 2 successful drill holes will contribute to significantly increase the size of the mineral resource. Drilling to date has so far been contained to a small area of approximately 1 – 1.5 kilometres along strike of the perceived 10.5 kilometre (6.5 miles) mineralized strike length. No infill drilling has been taken to date but is intended to be part of the next phase of drilling.
http://www.apellaresources.com/news/2010/110-drilling-extend…
Gruß Fritz
11630,000 Tonnes Fe-Ti-V Averaging 0.73% V2o5 Equiv. Established As First Mineral Resource Estimate For The Iron-T Vanadium-Iron And Titanium Project By SGS-Geostat
Vancouver, BC – July 12, 2010
Apella Resources Inc. (TSX.V: APA), (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that they have received from SGS-Geostat, by way of Memorandum, the preliminary results of the first Mineral Resource Estimation for its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec. This resource estimation includes Apella’s 2009 drilling and the first drilling campaign conducted in early 2010, up to drill-hole number MA-10-25; as well as the historical drill holes and the different channel samplings made by Apella in 2008 and 2009. SGS-Geostat will submit a NI 43-101 Report on the Iron-T within 45 days which Apella will file with SEDAR.
http://www.apellaresources.com/news/2010/111-11630000-tonnes…
Gruß Fritz
Vancouver, BC – July 12, 2010
Apella Resources Inc. (TSX.V: APA), (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that they have received from SGS-Geostat, by way of Memorandum, the preliminary results of the first Mineral Resource Estimation for its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec. This resource estimation includes Apella’s 2009 drilling and the first drilling campaign conducted in early 2010, up to drill-hole number MA-10-25; as well as the historical drill holes and the different channel samplings made by Apella in 2008 and 2009. SGS-Geostat will submit a NI 43-101 Report on the Iron-T within 45 days which Apella will file with SEDAR.
http://www.apellaresources.com/news/2010/111-11630000-tonnes…
Gruß Fritz
Apella Resources Inc.: 25.87 Metre (84.55 Feet) Intersection Vanadium-Iron-Titanium Mineralization in Drill-Hole MA-10-33 at Iron-T - Jul 14, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-2587-M…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that recent drilling continued to intersect highly significant disseminated, semi massive and massive Vanadiferous mineralization on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec. Positive assay results continue to be received from ALS Chemex. Results received to date from holes MA-10-33, MA-10-35 and MA-10-38 are outlined in the chart below. Assay results will continue to be released on as they are received basis.
Drilling to date continues to be focused on a concentrated area approximating only 1 – 1.5 kilometres along strike of the perceived 10.5 kilometre mineralized strike length. Apella has not initiated an infill drilling program to date but based on the recent SGS-Geostat Resource Calculation, details of which were released by Apella on July 12th, 2010, Apella expects to incorporate infill drilling into its upcoming drill programs. The primary purpose of the infill drilling will be to; 1) clearly outline, confirm and model the resource in this particular area of the Iron-T, and 2) enhance the quality of that resource.
The results received to date for Holes MA-10-33, MA-10-35 and MA-10-38 are as follows:
HOLE From To Interval Meterage Interval Footage V2O5% Fe2O3% TiO2%
MA-10-33 55.44 m 59.44 m 5.00 metres 16.40 feet 0.32% 46.33% 5.06%
MA-10-33 63.19 m 70.46 m 7.27 metres 23.85 feet 0.33% 37.33% 5.44%
MA-10-33 72.52 m 81.03 m 8.51 metres 27.92 feet 0.55% 46.91% 7.24%
MA-10-33 83.53 m 84.78 m 1.25 metres 4.10 feet 0.30% 26.53% 3.85%
MA-10-33 90.56 m 101.15 m 10.59 metres 34.74 feet 0.33% 30.94% 4.71%
MA-10-33 105.44 m 116.43 m 10.99 metres 36.06 feet 0.30% 28.33% 4.11%
including 90.56 m 116.43 m 25.87 metres 84.55 feet 0.30% 27.91% 4.06%
MA-10-35 54.02 m 56.52 m 2.50 metres 8.20 feet 0.37% 34.18% 3.62%
MA-10-35 60.31 m 66.46 m 6.15 metres 20.18 feet 0.52% 37.36% 4.65%
MA-10-38 7.05 m 8.13 m 1.08 metres 3.54 feet 0.27% 40.15% 4.95%
MA-10-38 29.60 m 30.85 m 0.36 metres 1.18 feet 0.20% 33.13% 4.25%
MA-10-38 62.25 m 63.25 m 1.00 metres 3.28 feet 0.30% 26.62% 3.69%
New Outcrop Discoveries
Apella's field crew has recently discovered 3 new significant outcropping areas on the Iron-T Vanadium-Iron-Titanium Project to the north of where Apella has been carrying on its drilling endeavours. For reference the outcroppings will be known as T-1, T-2 and T-3. Consequently Apella has established a field crew on site to clear, wash and channel sample these outcrops.
The T-1 outcropping, in the Middle North Zone, has been traced over an area about 50 metres by 10 metres so far. It hosts several disseminated to narrow massive zones. The mineralization appears the same as what Apella has been intersecting in most of its drill holes to date. The second stripping program is being carried out on outcropping T-2 which has now been traced over an area approximately 100 metres long by 10-15 metres wide. Several 15-20 cm thick massive oxide layers have been identified inter-bedded with disseminated to semi massive layers and coarse grained metamorphosed gabbro. T-3, the third outcropping has now undergone stripping and washing as well. This outcrop is located around 25 metres north of Apella drill hole MA-10-15. This showing displays numerous semi-massive to massive 25-40cm thick layers and corresponds to a high mag axis calls the II Zone. Apella can now reach this mineralization through a follow-up extension of its diamond drill hole MA-10-14. The drill-hole casings have been left in place for this very reason. It is most likely that an additional hole would be drilled from about 50m west to assure a good intersection of this mineralization. ... "
www.marketwire.com/press-release/Apella-Resources-Inc-2587-M…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that recent drilling continued to intersect highly significant disseminated, semi massive and massive Vanadiferous mineralization on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec. Positive assay results continue to be received from ALS Chemex. Results received to date from holes MA-10-33, MA-10-35 and MA-10-38 are outlined in the chart below. Assay results will continue to be released on as they are received basis.
Drilling to date continues to be focused on a concentrated area approximating only 1 – 1.5 kilometres along strike of the perceived 10.5 kilometre mineralized strike length. Apella has not initiated an infill drilling program to date but based on the recent SGS-Geostat Resource Calculation, details of which were released by Apella on July 12th, 2010, Apella expects to incorporate infill drilling into its upcoming drill programs. The primary purpose of the infill drilling will be to; 1) clearly outline, confirm and model the resource in this particular area of the Iron-T, and 2) enhance the quality of that resource.
The results received to date for Holes MA-10-33, MA-10-35 and MA-10-38 are as follows:
HOLE From To Interval Meterage Interval Footage V2O5% Fe2O3% TiO2%
MA-10-33 55.44 m 59.44 m 5.00 metres 16.40 feet 0.32% 46.33% 5.06%
MA-10-33 63.19 m 70.46 m 7.27 metres 23.85 feet 0.33% 37.33% 5.44%
MA-10-33 72.52 m 81.03 m 8.51 metres 27.92 feet 0.55% 46.91% 7.24%
MA-10-33 83.53 m 84.78 m 1.25 metres 4.10 feet 0.30% 26.53% 3.85%
MA-10-33 90.56 m 101.15 m 10.59 metres 34.74 feet 0.33% 30.94% 4.71%
MA-10-33 105.44 m 116.43 m 10.99 metres 36.06 feet 0.30% 28.33% 4.11%
including 90.56 m 116.43 m 25.87 metres 84.55 feet 0.30% 27.91% 4.06%
MA-10-35 54.02 m 56.52 m 2.50 metres 8.20 feet 0.37% 34.18% 3.62%
MA-10-35 60.31 m 66.46 m 6.15 metres 20.18 feet 0.52% 37.36% 4.65%
MA-10-38 7.05 m 8.13 m 1.08 metres 3.54 feet 0.27% 40.15% 4.95%
MA-10-38 29.60 m 30.85 m 0.36 metres 1.18 feet 0.20% 33.13% 4.25%
MA-10-38 62.25 m 63.25 m 1.00 metres 3.28 feet 0.30% 26.62% 3.69%
New Outcrop Discoveries
Apella's field crew has recently discovered 3 new significant outcropping areas on the Iron-T Vanadium-Iron-Titanium Project to the north of where Apella has been carrying on its drilling endeavours. For reference the outcroppings will be known as T-1, T-2 and T-3. Consequently Apella has established a field crew on site to clear, wash and channel sample these outcrops.
The T-1 outcropping, in the Middle North Zone, has been traced over an area about 50 metres by 10 metres so far. It hosts several disseminated to narrow massive zones. The mineralization appears the same as what Apella has been intersecting in most of its drill holes to date. The second stripping program is being carried out on outcropping T-2 which has now been traced over an area approximately 100 metres long by 10-15 metres wide. Several 15-20 cm thick massive oxide layers have been identified inter-bedded with disseminated to semi massive layers and coarse grained metamorphosed gabbro. T-3, the third outcropping has now undergone stripping and washing as well. This outcrop is located around 25 metres north of Apella drill hole MA-10-15. This showing displays numerous semi-massive to massive 25-40cm thick layers and corresponds to a high mag axis calls the II Zone. Apella can now reach this mineralization through a follow-up extension of its diamond drill hole MA-10-14. The drill-hole casings have been left in place for this very reason. It is most likely that an additional hole would be drilled from about 50m west to assure a good intersection of this mineralization. ... "
Apella Resources Inc.: Additional Encouraging Drill Results at Iron-T - Jul 21, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Additi…
"Apella Resources Inc. is pleased to announce that the most recent drilling results received have again confirmed further favourable intersections of highly significant disseminated, semi massive and massive Vanadiferous mineralization on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec. Positive assay results continue to be received from ALS Chemex. Results received to date from holes MA-10-32, MA-10-36 and MA-10-37 are outlined below.
It is noted that hole MA-10-36 was collared at about 1500 metres (4,921 feet) west-northwest (WNW) of hole MA-10-32 and about 1200 metres (3,937 feet) of the west-northwestern end of any previous drilling. Drill hole MA-10-36 was drilled across a magnetic anomaly which is the extension of the Main Mineralized Zone (MZ) which Apella has been carrying out its limited targeting to date. Hole MA-10-37 was drilled approximately 500 metres (1,640 feet) west-northwest (WNW) of Hole MA-10-36 on the very same magnetic anomaly, which also corresponds to the extension of the Main Zone (MZ). The Main Zone (MZ) is the limited 1.5 km area which has been the target of Apella's drilling and the SGS report to date. Holes MA-10-36 and MA-10-37 coupled with Hole MA-10-35 definitely show that the V-Fe-T mineralization extends over a very long distance to the west-northwest (WNW).
From these successful step-out holes Apella has now extended its drilling coverage from approximately 1.5 kms to over 3.0 kms and remained in mineralization along strike. Upon review of this drill data and the existing magnetic airborne signature that straddles the Iron-T property from north-west to south-east Apella is confident it can now extend its targeted area of favourable mineralization for exploration and drilling on the Iron-T by 50% from its earlier prediction of 10.3 kms to 15.5 kms in distance along strike northwest to southeast.
The results received to date for Holes MA-10-32, MA-10-36 and MA-10-37 are as follows:
HOLE From To Interval Meterage Interval Footage V2O5 % Fe2O3 % TiO2 %
MA-10-32 20.75 m 37.00 m 16.25 metres 53.31 feet 0.32 % 36.93 % 5.36 %
MA-10-32 38.63 m 41.87 m 3.24 metres 10.63 feet 0.41 % 46.95 % 6.02 %
MA-10-32 50.11 m 52.22 m 2.22 metres 7.28 feet 0.45 % 44.52 % 5.33 %
MA-10-32 56.22 m 83.66 m 27.64 metres 90.68 feet 0.41 % 37.87 % 6.26 %
MA-10-36 37.03 m 41.73 m 4.70 metres 15.42 feet 0.41 % 28.83 % 6.17 %
MA-10-36 75.99 m 111.0 m 35.1 metres 115.16 feet 0.38 % 36.76 % 4.80 %
MA-10-37 60.75 m 61.90 m 1.15 metres 3.77 feet 0.43 % 41.69 % 6.72 %
MA-10-37 69.69 m 70.94 m 2.54 metres 8.33 feet 0.29 % 23.93 % 3.78 %
MA-10-37 77.19 m 99.17 m 21.98 metres 72.11 feet 0.34 % 33.92 % 4.49 %
The following is worth noting to achieve a perspective of drill hole positioning: Hole MA-10-32 was drilled on the same section as Apella's earlier drill hole MA-09-09, but in the opposite direction (from north to south). Drill hole L-1-82, historically drilled by SDBJ, is located about 100 metres east.
At this time field crews are continuing to work on clearing, power-washing and sampling of the new outcrop discovery areas.
Apella is now planning its next phase of diamond drilling for the Iron-T project.
The press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Chairman "
www.marketwire.com/press-release/Apella-Resources-Inc-Additi…
"Apella Resources Inc. is pleased to announce that the most recent drilling results received have again confirmed further favourable intersections of highly significant disseminated, semi massive and massive Vanadiferous mineralization on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec. Positive assay results continue to be received from ALS Chemex. Results received to date from holes MA-10-32, MA-10-36 and MA-10-37 are outlined below.
It is noted that hole MA-10-36 was collared at about 1500 metres (4,921 feet) west-northwest (WNW) of hole MA-10-32 and about 1200 metres (3,937 feet) of the west-northwestern end of any previous drilling. Drill hole MA-10-36 was drilled across a magnetic anomaly which is the extension of the Main Mineralized Zone (MZ) which Apella has been carrying out its limited targeting to date. Hole MA-10-37 was drilled approximately 500 metres (1,640 feet) west-northwest (WNW) of Hole MA-10-36 on the very same magnetic anomaly, which also corresponds to the extension of the Main Zone (MZ). The Main Zone (MZ) is the limited 1.5 km area which has been the target of Apella's drilling and the SGS report to date. Holes MA-10-36 and MA-10-37 coupled with Hole MA-10-35 definitely show that the V-Fe-T mineralization extends over a very long distance to the west-northwest (WNW).
From these successful step-out holes Apella has now extended its drilling coverage from approximately 1.5 kms to over 3.0 kms and remained in mineralization along strike. Upon review of this drill data and the existing magnetic airborne signature that straddles the Iron-T property from north-west to south-east Apella is confident it can now extend its targeted area of favourable mineralization for exploration and drilling on the Iron-T by 50% from its earlier prediction of 10.3 kms to 15.5 kms in distance along strike northwest to southeast.
The results received to date for Holes MA-10-32, MA-10-36 and MA-10-37 are as follows:
HOLE From To Interval Meterage Interval Footage V2O5 % Fe2O3 % TiO2 %
MA-10-32 20.75 m 37.00 m 16.25 metres 53.31 feet 0.32 % 36.93 % 5.36 %
MA-10-32 38.63 m 41.87 m 3.24 metres 10.63 feet 0.41 % 46.95 % 6.02 %
MA-10-32 50.11 m 52.22 m 2.22 metres 7.28 feet 0.45 % 44.52 % 5.33 %
MA-10-32 56.22 m 83.66 m 27.64 metres 90.68 feet 0.41 % 37.87 % 6.26 %
MA-10-36 37.03 m 41.73 m 4.70 metres 15.42 feet 0.41 % 28.83 % 6.17 %
MA-10-36 75.99 m 111.0 m 35.1 metres 115.16 feet 0.38 % 36.76 % 4.80 %
MA-10-37 60.75 m 61.90 m 1.15 metres 3.77 feet 0.43 % 41.69 % 6.72 %
MA-10-37 69.69 m 70.94 m 2.54 metres 8.33 feet 0.29 % 23.93 % 3.78 %
MA-10-37 77.19 m 99.17 m 21.98 metres 72.11 feet 0.34 % 33.92 % 4.49 %
The following is worth noting to achieve a perspective of drill hole positioning: Hole MA-10-32 was drilled on the same section as Apella's earlier drill hole MA-09-09, but in the opposite direction (from north to south). Drill hole L-1-82, historically drilled by SDBJ, is located about 100 metres east.
At this time field crews are continuing to work on clearing, power-washing and sampling of the new outcrop discovery areas.
Apella is now planning its next phase of diamond drilling for the Iron-T project.
The press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Chairman "
Apella Resources Inc.: Iron-T Mineralization Now Identified Over 3.5 km Strike - Jul 22, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Iron-T…
"Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) is very pleased to announce that the recent drilling on the Company's Iron-T V2O5-Fe2O3-TiO2 Project has been highly successful as indicated by the assay results disseminated since mid June. All of the assay results have now been received from ALS Chemex and the remaining assay results to be released are contained in the table below.
Patrick D. O'Brien, CEO, ICD.D states, "The results from this Phase 3 drill program have certainly added considerable mineralization to that previously identified and utilized as the basis for the recent SGS Geostat resource calculation. The anticipated strike of the mineralization is now expected to continue over an area of approximately 15.5 km in length, up some 50% from 10.3 km per earlier expectations. The Iron-T is certainly indicating that it has the potential to produce a very large deposit of significant grade."
The results for the remaining drill holes are as follows:
HOLE From To Interval Meterage Interval Footage V2O5 % Fe2O3 % TiO2 %
MA-10-26 49.22 m 50.47 m 1.25 m 4.10 feet 0.39 % 31.20 % 5.81 %
MA-10-26 76.89 m 80.64 m 3.75 m 12.30 feet 0.28 % 26.26 % 3.55 %
MA-10-27 42.00 m 48.50 m 6.50 m 21.33 feet 0.60 % 41.57 % 7.24 %
MA-10-27 54.75 m 58.50 m 3.75 m 12.30 feet 0.35 % 28.56 % 4.46 %
MA-10-27 68.36 m 69.27 m 0.91 m 2.99 feet 0.30 % 26.96 % 3.81 %
MA-10-27 85.00 m 86.00 m 1.00 m 3.28 feet 0.34 % 29.27 % 4.63 %
MA-10-27 108.5 m 109.75 m 1.25 m 4.10 feet 0.34 % 26.82 % 3.90 %
MA-10-27 123.75 m 125.00 m 1.25 m 4.10 feet 0.36 % 28.07 % 4.17 %
MA-10-28 91.60 m 95.00 m 3.40 m 11.15 feet 0.46 % 34.93 % 5.34 %
MA-10-28 112.86 m 127.00 m 14.14 m 46.39 feet 0.41 % 31.30 % 4.98 %
MA-10-28 148.17 m 160.67 m 12.50 m 41.00 feet 0.36 % 25.34 % 3.81 %
MA-10-29 77.95 m 86.55 m 8.60 m 28.22 feet 0.30 % 25.99 % 3.71 %
MA-10-29 93.80 m 94.80 m 1.00 m 3.28 feet 0.54 % 35.38 % 6.69 %
MA-10-29 104.46 m 105.71 m 1.25 m 4.10 feet 0.41 % 30.15 % 4.89 %
MA-10-29 131.71 m 147.14 m 15.43 m 50.62 feet 0.80 % 55.13 % 9.54 %
MA-10-30 61.25 m 78.05 m 16.80 m 55.12 feet 0.54 % 43.55 % 6.77 %
MA-10-30 83.62 m 97.40 m 13.78 m 45.21 feet 0.37 % 30.74 % 5.31 %
MA-10-30 115.65 m 131.61 m 15.96 m 52.36 feet 0.47 % 39.31 % 6.20 %
including 8.46 m 27.76 feet 0.56 % 43.33 % 6.98 %
MA-10-30 139.03 m 158.42 m 19.39 m 63.61 feet 0.53 % 41.18 % 6.97 %
MA-10-30 167.17 m 171.00 m 3.83 m 12.57 feet 0.32 % 24.03 % 3.11 %
MA-10-34 Weakly Mineralized
MA-10-39 69.55 m 72.88 m 3.33 m 10.93 feet 0.94 % 52.22 % 8.14 %
At this time field crews are continuing to work on clearing, power-washing and sampling of the new outcrop discovery areas. Samples from the channel sampling program will be prepared and sent to ALS Chemex for analysis.
Apella is now planning its next phase of diamond drilling for the Iron-T project.
The Company plans to place a complete compilation of all of the drill results from Phase 3 and an accompanying map on its website as soon as possible.
The press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien
Patrick D. O'Brien, ICD.D – Chairman "
www.marketwire.com/press-release/Apella-Resources-Inc-Iron-T…
"Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) is very pleased to announce that the recent drilling on the Company's Iron-T V2O5-Fe2O3-TiO2 Project has been highly successful as indicated by the assay results disseminated since mid June. All of the assay results have now been received from ALS Chemex and the remaining assay results to be released are contained in the table below.
Patrick D. O'Brien, CEO, ICD.D states, "The results from this Phase 3 drill program have certainly added considerable mineralization to that previously identified and utilized as the basis for the recent SGS Geostat resource calculation. The anticipated strike of the mineralization is now expected to continue over an area of approximately 15.5 km in length, up some 50% from 10.3 km per earlier expectations. The Iron-T is certainly indicating that it has the potential to produce a very large deposit of significant grade."
The results for the remaining drill holes are as follows:
HOLE From To Interval Meterage Interval Footage V2O5 % Fe2O3 % TiO2 %
MA-10-26 49.22 m 50.47 m 1.25 m 4.10 feet 0.39 % 31.20 % 5.81 %
MA-10-26 76.89 m 80.64 m 3.75 m 12.30 feet 0.28 % 26.26 % 3.55 %
MA-10-27 42.00 m 48.50 m 6.50 m 21.33 feet 0.60 % 41.57 % 7.24 %
MA-10-27 54.75 m 58.50 m 3.75 m 12.30 feet 0.35 % 28.56 % 4.46 %
MA-10-27 68.36 m 69.27 m 0.91 m 2.99 feet 0.30 % 26.96 % 3.81 %
MA-10-27 85.00 m 86.00 m 1.00 m 3.28 feet 0.34 % 29.27 % 4.63 %
MA-10-27 108.5 m 109.75 m 1.25 m 4.10 feet 0.34 % 26.82 % 3.90 %
MA-10-27 123.75 m 125.00 m 1.25 m 4.10 feet 0.36 % 28.07 % 4.17 %
MA-10-28 91.60 m 95.00 m 3.40 m 11.15 feet 0.46 % 34.93 % 5.34 %
MA-10-28 112.86 m 127.00 m 14.14 m 46.39 feet 0.41 % 31.30 % 4.98 %
MA-10-28 148.17 m 160.67 m 12.50 m 41.00 feet 0.36 % 25.34 % 3.81 %
MA-10-29 77.95 m 86.55 m 8.60 m 28.22 feet 0.30 % 25.99 % 3.71 %
MA-10-29 93.80 m 94.80 m 1.00 m 3.28 feet 0.54 % 35.38 % 6.69 %
MA-10-29 104.46 m 105.71 m 1.25 m 4.10 feet 0.41 % 30.15 % 4.89 %
MA-10-29 131.71 m 147.14 m 15.43 m 50.62 feet 0.80 % 55.13 % 9.54 %
MA-10-30 61.25 m 78.05 m 16.80 m 55.12 feet 0.54 % 43.55 % 6.77 %
MA-10-30 83.62 m 97.40 m 13.78 m 45.21 feet 0.37 % 30.74 % 5.31 %
MA-10-30 115.65 m 131.61 m 15.96 m 52.36 feet 0.47 % 39.31 % 6.20 %
including 8.46 m 27.76 feet 0.56 % 43.33 % 6.98 %
MA-10-30 139.03 m 158.42 m 19.39 m 63.61 feet 0.53 % 41.18 % 6.97 %
MA-10-30 167.17 m 171.00 m 3.83 m 12.57 feet 0.32 % 24.03 % 3.11 %
MA-10-34 Weakly Mineralized
MA-10-39 69.55 m 72.88 m 3.33 m 10.93 feet 0.94 % 52.22 % 8.14 %
At this time field crews are continuing to work on clearing, power-washing and sampling of the new outcrop discovery areas. Samples from the channel sampling program will be prepared and sent to ALS Chemex for analysis.
Apella is now planning its next phase of diamond drilling for the Iron-T project.
The Company plans to place a complete compilation of all of the drill results from Phase 3 and an accompanying map on its website as soon as possible.
The press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien
Patrick D. O'Brien, ICD.D – Chairman "
Apella Resources Inc.: Latest Results Confirm Three New Discovery Zones Enriched Assays Return Up to 1.12% V2O5Eq-0.65% V2O5-53.51% Fe2O3-10.32% TiO2 - Aug 26, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Latest…
www.marketwire.com/press-release/Apella-Resources-Inc-Latest…
Apella Resources Inc. Joins OTCQX - Sep 14, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Joins-…
www.marketwire.com/press-release/Apella-Resources-Inc-Joins-…
Antwort auf Beitrag Nr.: 40.159.000 von Popeye82 am 16.09.10 01:02:58Apella Defeats SOQUEM Inc’s Declaration of Intervention re Lac Dore Claims
http://www.apellaresources.com/news/2010/119-apella-defeats-…
Gruß Fritz
http://www.apellaresources.com/news/2010/119-apella-defeats-…
Gruß Fritz
Antwort auf Beitrag Nr.: 40.201.720 von Fritz777 am 23.09.10 21:51:09
Weisst Du, inwieweit die Entscheidung endgültig zu sehen ist? Damit würde Ihnen ja erstmal knapp die Hälfte(9/18(21)) gehören. Wie es ausschaut, wollen sie noch "aufs Ganze" gehen/(fast)alles zugesprochen bekommen. Ob dem, gerichtlich, gute Chancen zuzusprechen sind, würde ich mal vorsichtig bezweifeln, da, wenn ich mich recht erinnere, die SOQUEM zugesprochenen Claims mit der Absegnung Apellas erfolgten(in dem Falle sollte IMO dann eine, aussergerichtlich, einvernehmliche Einigung zumindest bessere Chancen haben).
Wobei abgesehen davon Iron-T nicht schlechte Chancen haben dürfte prinzipiell (noch)interessanter als Lac Dore zu werden.
ganz "nett" auch dieser Abschnitt, da merkt man schon, dass da eine Menge in der Luft liegt/viele Interessen, Politik, Wirtschaft etc., mit verflochten sind :
"Apella will now be able to attend to its upcoming appeal when its arguments will be heard November 29th and 30th and December 1st, 2nd, and 3rd without the unwarranted interference of non-entitled third parties."
Interessant auch der Bushveld-Vergleich, speziell was die Mächtigkeiten angeht, mit dem Schlusssatz: "Apella has concluded that with the ownership of the aforementioned 18 Lac Dore Vanadium deposit claims, coupled together with Apella’s present 100% owned Iron-T and Lac Dore projects, the Company has the potential to quite rapidly control enough mineralization to propel Apella into the position of having the most extensive Vanadium assets in the world.".
Dass das(geologische)Potenzial dafür vorliegt, habe ich nicht die geringsten Zweifel dran.
Gruß
P.
Weisst Du, inwieweit die Entscheidung endgültig zu sehen ist? Damit würde Ihnen ja erstmal knapp die Hälfte(9/18(21)) gehören. Wie es ausschaut, wollen sie noch "aufs Ganze" gehen/(fast)alles zugesprochen bekommen. Ob dem, gerichtlich, gute Chancen zuzusprechen sind, würde ich mal vorsichtig bezweifeln, da, wenn ich mich recht erinnere, die SOQUEM zugesprochenen Claims mit der Absegnung Apellas erfolgten(in dem Falle sollte IMO dann eine, aussergerichtlich, einvernehmliche Einigung zumindest bessere Chancen haben).
Wobei abgesehen davon Iron-T nicht schlechte Chancen haben dürfte prinzipiell (noch)interessanter als Lac Dore zu werden.
ganz "nett" auch dieser Abschnitt, da merkt man schon, dass da eine Menge in der Luft liegt/viele Interessen, Politik, Wirtschaft etc., mit verflochten sind :
"Apella will now be able to attend to its upcoming appeal when its arguments will be heard November 29th and 30th and December 1st, 2nd, and 3rd without the unwarranted interference of non-entitled third parties."
Interessant auch der Bushveld-Vergleich, speziell was die Mächtigkeiten angeht, mit dem Schlusssatz: "Apella has concluded that with the ownership of the aforementioned 18 Lac Dore Vanadium deposit claims, coupled together with Apella’s present 100% owned Iron-T and Lac Dore projects, the Company has the potential to quite rapidly control enough mineralization to propel Apella into the position of having the most extensive Vanadium assets in the world.".
Dass das(geologische)Potenzial dafür vorliegt, habe ich nicht die geringsten Zweifel dran.
Gruß
P.
Antwort auf Beitrag Nr.: 40.202.420 von Popeye82 am 24.09.10 01:37:59Morgen Popeye
Weiß leider auch nicht mehr, die Postings auf Stockhouse sind zumindest durchwegs positiv.
Laut meiner Interpretation wurde jetzt der Zuspruch der 9 Claims erst mal bestätigt und ist dadurch gültig.
Bei den weiteren 9 Claims sind die Entscheidungen im November und Dezember abzuwarten, und wie ich es verstehe ist Soquem da jetzt raus.
Es geht laut meiner Interpretation jetzt darum ob Apella ordnungsgemäß abgesteckt hat, was sie ja immer behaupten.
Wenn dem so ist kann es nicht so falsch sein auf's Ganze zu gehen, da wie mir scheint die letzten 3 verbleibenden Claims ja nicht von Apella eingefordert werden.
Ich sehe es ganz simpel Lac Dore und Iron-T bei gleicher Aktienanzahl zu besitzen ist wesentlich besser, als nur Iron-T.
Meine Hoffnung besteht darin das die Größe der Vorkommen langsam, aber sicher auch das Interesse an Apella steigern sollte.
Gruß Fritz
Weiß leider auch nicht mehr, die Postings auf Stockhouse sind zumindest durchwegs positiv.
Laut meiner Interpretation wurde jetzt der Zuspruch der 9 Claims erst mal bestätigt und ist dadurch gültig.
Bei den weiteren 9 Claims sind die Entscheidungen im November und Dezember abzuwarten, und wie ich es verstehe ist Soquem da jetzt raus.
Es geht laut meiner Interpretation jetzt darum ob Apella ordnungsgemäß abgesteckt hat, was sie ja immer behaupten.
Wenn dem so ist kann es nicht so falsch sein auf's Ganze zu gehen, da wie mir scheint die letzten 3 verbleibenden Claims ja nicht von Apella eingefordert werden.
Ich sehe es ganz simpel Lac Dore und Iron-T bei gleicher Aktienanzahl zu besitzen ist wesentlich besser, als nur Iron-T.
Meine Hoffnung besteht darin das die Größe der Vorkommen langsam, aber sicher auch das Interesse an Apella steigern sollte.
Gruß Fritz
Gerade auf SH gefunden.
of Intervention re Lac Dore's Claims
On August 21, 2007 Novawest now Apella (as of April 2008) re-staked 21 claims known as Lac Dore. There were originally 57claims - 36 of the 57 claims were allocated to Apella because they got their helicopter to the site first, that is some two miles from the main Lac Dore resource, and there was no question that these 36 claims should be allocated to Apella. These 36 claims became Lac Dore North. So much for the 36 claims.
Apella staked on August 21, 2007 the remaining 21 claims. These 21 claims were staked, in my opinion, based on FACTS I was told at the time with 100% accuracy!!! Get this clear; these 21 claims were staked with 100% accuracy by some 25 or professional, top notch licensed Quebec stakers. This was all done with legal slash lines, the professional stakers, GPS, video and audio equipment and legal stakes cut to specification, and then recorded/filed with the authorities.
There were meetings in November 2007 in Montreal at the Chateau Frontenac between the Min of Mines, Quebec, SOQUEM, Apella and everybody's lawyers. Apella and its shareholders waited from August 21, 2007 to July 2009, THAT IS TWO YEARS, for a decision on the 21 claims. The decision was:
Apella - - - - - - - - - - - - - - - - 9 claims
Soquem - - - - - - - - - - - - - - 2 claims
Unallocated claims - - - - - 9 claims
TOTAL - 21 claims
August 21, 2007, the day of the staking Apella and SOQUEM and Regean Picard, as I understand it were all staking. SOQUEM should not have been staking by the very fact they had let the Lac Dore claims that were in their name, let them expire at midnight of August 20, 2007 and were not qualified to re-stake the Lac Dore Vanadium, Titanium, Iron resource. Even though they were out there staking it materialized that the claims were recorded in REGEAN PICARD's name. Dealing only with the 21 claims: The courts ruling in the NR dated September 23, 2010 that has come down today has seen fit that Rejean Picard's/SOQUEM staking not stand and it will stand that SOQUEM did the staking of the 21 claims on August 21, 2007. Therefore it will be taken that SOQUEM did the staking. But, as I have already stated SOQUEM were not eligible to re-stake the 21 claims.
The Min of Mines and SOQUEM have been leading Apella a dirty, nasty, disgusting time for over three years hoping Pat O'Brien, Apella management and Apella shareholders would disappear over the horizon - to put it politely.
The court case regarding the not 9 unallocated claims but all 21 Lac Dore claims will be November 29,30, December 1,2, 3, 2010. Rejean Picard's demise from the picture simplies the matter immensly and leaves Apella to concentrate totally with the facts of Apella's staking of 21 Lac Dore claims.
It is my opinion that, considering the facts and opinions of the staking that I had privy to that Apella did a PERFECT staking of the 21 claims.
It always leaves me nervous to leave a 'post' I am making to check some facts elsewhere such as the NR of today and thus loose this post. So, to go from here, I would like to say for the upteenth time that there are 21 Lac Dore claims. Not as today's NR states 20 claims. Apella - - - - - - - - - - - - - - - 9 claims
SOQUEM - - - - - - - - - - - - 2 claims
Unallocated - - - - - - - - - - 9 claims
TOTAL - 20 claims
Over and over and over I have posted the error and still Apella management release erroneous information in that there are 21 Lac Dore claims and the allocation and unallocated claims total 20!!! WHERE IS THE MISSING CLAIM? Who has it.
Also, and as I understand it, Apella is contesting/going to court for all 21 Lac Dore claims. Not the unallocated 9/10 but also the two claims that have been allocated to SOQUEM. To repeat; Apella fairly and legally staked all 21 claims.
I have complete confidence that Apella did a PERFECT staking job. I do not have any confidence that the Min of Mines, Quebec will not do their level and deceitful best to get their hands on this Lac Dore resource to, shall I say, control or have a major say in its development. The delay in 'years' is nothing to a government but a great deal to individual people's lives - Apella shareholders. Apella fairly and legally staked all 21 Lac Dore claims.
ivanhoe, you post erroneous and half correct information. You do Apella, shareholders and readers of this board a dis-service in so doing. You mean the best but that is not good enough.
I am delighted with the news today. I hope I have not posted any incorrect information. Please see fit to correct me if I have done so. It will not be long till November 29th. It may be longer for a decision. If we do not get all 21 Lac Dore claims I hope Pat O'Brien will appeal! Surely the Min of Mines and SOQUEM have Pat's number by now and will take their cumupance. Tomorrow I shall re-read the NR of today, September 23, 2010. Time for bed.
The Min of Mines/SOQUEM want their oar in on this resource and we want both oars.
IMHO
Gruß Fritz
of Intervention re Lac Dore's Claims
On August 21, 2007 Novawest now Apella (as of April 2008) re-staked 21 claims known as Lac Dore. There were originally 57claims - 36 of the 57 claims were allocated to Apella because they got their helicopter to the site first, that is some two miles from the main Lac Dore resource, and there was no question that these 36 claims should be allocated to Apella. These 36 claims became Lac Dore North. So much for the 36 claims.
Apella staked on August 21, 2007 the remaining 21 claims. These 21 claims were staked, in my opinion, based on FACTS I was told at the time with 100% accuracy!!! Get this clear; these 21 claims were staked with 100% accuracy by some 25 or professional, top notch licensed Quebec stakers. This was all done with legal slash lines, the professional stakers, GPS, video and audio equipment and legal stakes cut to specification, and then recorded/filed with the authorities.
There were meetings in November 2007 in Montreal at the Chateau Frontenac between the Min of Mines, Quebec, SOQUEM, Apella and everybody's lawyers. Apella and its shareholders waited from August 21, 2007 to July 2009, THAT IS TWO YEARS, for a decision on the 21 claims. The decision was:
Apella - - - - - - - - - - - - - - - - 9 claims
Soquem - - - - - - - - - - - - - - 2 claims
Unallocated claims - - - - - 9 claims
TOTAL - 21 claims
August 21, 2007, the day of the staking Apella and SOQUEM and Regean Picard, as I understand it were all staking. SOQUEM should not have been staking by the very fact they had let the Lac Dore claims that were in their name, let them expire at midnight of August 20, 2007 and were not qualified to re-stake the Lac Dore Vanadium, Titanium, Iron resource. Even though they were out there staking it materialized that the claims were recorded in REGEAN PICARD's name. Dealing only with the 21 claims: The courts ruling in the NR dated September 23, 2010 that has come down today has seen fit that Rejean Picard's/SOQUEM staking not stand and it will stand that SOQUEM did the staking of the 21 claims on August 21, 2007. Therefore it will be taken that SOQUEM did the staking. But, as I have already stated SOQUEM were not eligible to re-stake the 21 claims.
The Min of Mines and SOQUEM have been leading Apella a dirty, nasty, disgusting time for over three years hoping Pat O'Brien, Apella management and Apella shareholders would disappear over the horizon - to put it politely.
The court case regarding the not 9 unallocated claims but all 21 Lac Dore claims will be November 29,30, December 1,2, 3, 2010. Rejean Picard's demise from the picture simplies the matter immensly and leaves Apella to concentrate totally with the facts of Apella's staking of 21 Lac Dore claims.
It is my opinion that, considering the facts and opinions of the staking that I had privy to that Apella did a PERFECT staking of the 21 claims.
It always leaves me nervous to leave a 'post' I am making to check some facts elsewhere such as the NR of today and thus loose this post. So, to go from here, I would like to say for the upteenth time that there are 21 Lac Dore claims. Not as today's NR states 20 claims. Apella - - - - - - - - - - - - - - - 9 claims
SOQUEM - - - - - - - - - - - - 2 claims
Unallocated - - - - - - - - - - 9 claims
TOTAL - 20 claims
Over and over and over I have posted the error and still Apella management release erroneous information in that there are 21 Lac Dore claims and the allocation and unallocated claims total 20!!! WHERE IS THE MISSING CLAIM? Who has it.
Also, and as I understand it, Apella is contesting/going to court for all 21 Lac Dore claims. Not the unallocated 9/10 but also the two claims that have been allocated to SOQUEM. To repeat; Apella fairly and legally staked all 21 claims.
I have complete confidence that Apella did a PERFECT staking job. I do not have any confidence that the Min of Mines, Quebec will not do their level and deceitful best to get their hands on this Lac Dore resource to, shall I say, control or have a major say in its development. The delay in 'years' is nothing to a government but a great deal to individual people's lives - Apella shareholders. Apella fairly and legally staked all 21 Lac Dore claims.
ivanhoe, you post erroneous and half correct information. You do Apella, shareholders and readers of this board a dis-service in so doing. You mean the best but that is not good enough.
I am delighted with the news today. I hope I have not posted any incorrect information. Please see fit to correct me if I have done so. It will not be long till November 29th. It may be longer for a decision. If we do not get all 21 Lac Dore claims I hope Pat O'Brien will appeal! Surely the Min of Mines and SOQUEM have Pat's number by now and will take their cumupance. Tomorrow I shall re-read the NR of today, September 23, 2010. Time for bed.
The Min of Mines/SOQUEM want their oar in on this resource and we want both oars.
IMHO
Gruß Fritz
Also von dem was ich so gelesen habe,könnte das hier ein guter Zeitpunkt sein um mal ein Abstauberlimit zu setzen.Würde da an der Heimatbörse eine Kauforder aufgeben.Mal schauen was in den nächsten Wochen noch so kommen wird.
Antwort auf Beitrag Nr.: 40.211.758 von larsuwe am 26.09.10 10:11:23
Naja, also im mittelfristigen Zeitfenster( -Anfang/Mitte ´11) wird/würde ein immenser Finanzierungsbedarf anstehen.
Wenn ich die Äusserungen noch richtig im Gedächtnis habe müsste es sich um etwa 18Mio handeln(#69 -auch die beste bisher zu APA.V gesehene Übersicht), um -"accordings to the plan"- eine FS/Machbarkeitsstudie, zu Iron-T, erstellt zu haben. Danach wird es wahrs. für mich interessant.
@Fritz/#101/#101 ,
Gruß
P.
Naja, also im mittelfristigen Zeitfenster( -Anfang/Mitte ´11) wird/würde ein immenser Finanzierungsbedarf anstehen.
Wenn ich die Äusserungen noch richtig im Gedächtnis habe müsste es sich um etwa 18Mio handeln(#69 -auch die beste bisher zu APA.V gesehene Übersicht), um -"accordings to the plan"- eine FS/Machbarkeitsstudie, zu Iron-T, erstellt zu haben. Danach wird es wahrs. für mich interessant.
@Fritz/#101/#101 ,
Gruß
P.
Antwort auf Beitrag Nr.: 40.212.114 von Popeye82 am 26.09.10 12:29:15
Die Meldung hat er irgendwie viel schneller als beabsichtigt rausgeschickt -Ergänzung:
@Fritz/#100/#101 ,
Das mit den Claims/Rechtsanprüchen hatte ich etwas falsch in Erinnerung -die 9ausstehenden sind ja aktuell nicht SOQUEM zugsprochen, das sind "nur" 2 oder3(die Rechnung 9/9/2 = 21 finde ich in dem Zusammenhang geringfügig verwirrend ).
"Laut meiner Interpretation wurde jetzt der Zuspruch der 9 Claims erst mal bestätigt und ist dadurch gültig. Bei den weiteren 9 Claims sind die Entscheidungen im November und Dezember abzuwarten, und wie ich es verstehe ist Soquem da jetzt raus. Es geht laut meiner Interpretation jetzt darum ob Apella ordnungsgemäß abgesteckt hat, was sie ja immer behaupten."
Zwischen "gültig" &"endgültig" liegen 2Galaxien -in wieweit das jetzt auch definitiv/endgültig(unanfechtbar) ist, wäre für mich jetzt noch eine Frage. Da haben sie es woweit ich es sehe an einer klaren Formulierung missen lassen.
Tja, mal schauen ob sie es haben -next Episode soon.
"Wenn dem so ist kann es nicht so falsch sein auf's Ganze zu gehen, da wie mir scheint die letzten 3 verbleibenden Claims ja nicht von Apella eingefordert werden."
Stimmt
-das war genau mein Fehler.
Interessant auch, dass es anfänglich scheinbar 57Claims waren. Aber ist generell bei Rechtsstreitigkeiten immer sehr schwer zu sehen/rausbekommen, was nun wirklich die Sachlage ist -&damit werden solche Angelegenheiten IMO, recht automatisch, zu "superheissen Eisen". Stehe bei dem Thema nicht tief im Stuff, aber die Frage um die ich dabei nicht herumkomme ist, wenn sie die 21Claims so "100%ig rechtsmässig" in Besitz genommen haben(" These 21 claims were staked, in my opinion, based on FACTS I was told at the time with 100% accuracy!!! Get this clear; these 21 claims were staked with 100% accuracy by some 25 or professional, top notch licensed Quebec stakers. ...") -warum, +auf welcher Grundlage, wird das dann angezweifelt??? Bluffen funktioniert vor Gericht, hab ich mir sagen lassen, relativ schlecht. At the end -müssen die Hosen runter.
Gruß
P.
Die Meldung hat er irgendwie viel schneller als beabsichtigt rausgeschickt -Ergänzung:
@Fritz/#100/#101 ,
Das mit den Claims/Rechtsanprüchen hatte ich etwas falsch in Erinnerung -die 9ausstehenden sind ja aktuell nicht SOQUEM zugsprochen, das sind "nur" 2 oder3(die Rechnung 9/9/2 = 21 finde ich in dem Zusammenhang geringfügig verwirrend
)."Laut meiner Interpretation wurde jetzt der Zuspruch der 9 Claims erst mal bestätigt und ist dadurch gültig. Bei den weiteren 9 Claims sind die Entscheidungen im November und Dezember abzuwarten, und wie ich es verstehe ist Soquem da jetzt raus. Es geht laut meiner Interpretation jetzt darum ob Apella ordnungsgemäß abgesteckt hat, was sie ja immer behaupten."
Zwischen "gültig" &"endgültig" liegen 2Galaxien -in wieweit das jetzt auch definitiv/endgültig(unanfechtbar) ist, wäre für mich jetzt noch eine Frage. Da haben sie es woweit ich es sehe an einer klaren Formulierung missen lassen.
Tja, mal schauen ob sie es haben -next Episode soon.
"Wenn dem so ist kann es nicht so falsch sein auf's Ganze zu gehen, da wie mir scheint die letzten 3 verbleibenden Claims ja nicht von Apella eingefordert werden."
Stimmt
-das war genau mein Fehler. Interessant auch, dass es anfänglich scheinbar 57Claims waren. Aber ist generell bei Rechtsstreitigkeiten immer sehr schwer zu sehen/rausbekommen, was nun wirklich die Sachlage ist -&damit werden solche Angelegenheiten IMO, recht automatisch, zu "superheissen Eisen". Stehe bei dem Thema nicht tief im Stuff, aber die Frage um die ich dabei nicht herumkomme ist, wenn sie die 21Claims so "100%ig rechtsmässig" in Besitz genommen haben(" These 21 claims were staked, in my opinion, based on FACTS I was told at the time with 100% accuracy!!! Get this clear; these 21 claims were staked with 100% accuracy by some 25 or professional, top notch licensed Quebec stakers. ...") -warum, +auf welcher Grundlage, wird das dann angezweifelt??? Bluffen funktioniert vor Gericht, hab ich mir sagen lassen, relativ schlecht.
At the end -müssen die Hosen runter. Gruß
P.
Antwort auf Beitrag Nr.: 40.212.332 von Popeye82 am 26.09.10 13:58:57Hi Popeye
so besonders tief bin ich auch nicht in der Materie, und du hast recht, das mit dem benötigten Geld für eine FS/BFS könnte ohne JV zu einem Problem werden, bzw. stark verwässern.
Bei der Gerichtsgeschichte bin ich mir nicht so sicher warum das gemacht wurde, manchmal hat aber eine finanziell schwächere Firma nicht den Atem so eine Geschichte durchzustehen. Vielleicht war das die Motivation, oder eine einfache Verzögerungstaktik.
Bis jetzt hat es Soquem immerhin 2 Claims eingebracht.
Die Zahlenspielerei finde ich mathematisch auch etwas verwirrend.
Sandcrab hat dazu noch etwas gepostet.
Ich werde mir einfach ansehen wie im Dezember der Stand der Dinge ist, dann sollte mehr Klarheit herrschen.
CORRECTION to my post of last evening September 23, 2010 -
Apella - - - - - - - - - - - - - - - - - - 9 claims
Soquem - - - - - - - - - - - - - - -- 2 claims
Unallocated - - - - - - - - - - - - - - 10 claims
21 claims
Lac Dore North -- - - - - - - - - - 36 claims
TOTAL - 57 claims
Seperated by approximately 2 miles but contiguous underground are 36 claims that were allocated to Novawest/Apella and became Lac Dore North.
News Release October 23, 2007, 10:30a.m. PDT
NOVAWEST STAKES IMPORTANT VANADIUM-TITANIIUM-IRON CLAIMS NEAR CHIBAOUGAMAU
Novawest Resources Inc. (TSXV - "NVE': fRANKFURT - "NWN") is pleased to announce the Company has staked 57 very important mineral claims located approximately 70 kms east-southeast of Chibougamau, Quebec. A number of the staked claims cover the Lac Dore Vanadium-Titanium-Titanium (FE-Ti) Deposit, the second largest Vanadium deposit in the world, reported to contain approximately 2.27 million metric tons (MT) (5 billion pounds) of reserves.
And the NR continues ...
July 2009 - Apella allocated - - - - - - - - - - 9 claims
- SOQUEM allocated - - - - - - - 2 claims
- Unallocated - - - - - - - -- - - - - 10 claims
TOTAL - - - 21 claims
Regarding SOQUEM being allocated 2 claims is in my opinion motivated by the Min of Mines, Quebec desperately wanting SOQUEM/the province of Quebec to be in on the development of the resource and in that desperation finding/in my opinion making-up mistakes in Apella's staking. I stated several times last evening that Apella did a PERFECT staking job August 21, 2007. It varies according to whom one speaks to as to how much of the resource is on the 9 claims (supposedly 60% and on the 2 claims allocated to SOQUEM -40% of the resource.).
Question: Why bother with the 10 unallocated claims? I can only supposed access to the 9 claims would be paramount, principle, hydro, roads - etc. More of the resource being deeper. But the SNC/LAV Feasibility Study does, as I understand it, clarify which claims the resource is primarily located on and it roughly a 60/40 figure. So 2 claims to SOQUEM seems inconsquential until you know where the resource is located on the 21 Lac Dore property. Also note that the SNC/LAV Feasibility Study cost in 2002 $12 million dollars. I would say in today's dollars something like $20 million. So this is what is to be gained or lost in the coming court case staring November 29, 2010. To bring this SNC/LAV Feasibiltiy Study up-to-date would be, as I understand it, drilling a specified number of feet from each of the drill holes. This would make the Feasibiltiy Study up to (National Instrument) NI 43-101 compliant. National Instrument standards did not exist in 2002. National Instrument compliant were brought in after the BRE-EX scandal.
A value to the Lac Dore as opposed to the Iron-T is that in acquiring all of the Lac Dore resource Apella controls this huge resource - Lac Dore, Lac Dore North, Iron-T and others properties that Apella has staked in Quebec. Thus, Apella controls the Vanadium resource in North America. Sharing it with the Min of Mines, Quebec and and SOQUEM tatamount to 'not controling' the Vanadium resource.
Once again it is late. Sorry about the addition mistake and hope the above clears the matter up.
Gruß Fritz
so besonders tief bin ich auch nicht in der Materie, und du hast recht, das mit dem benötigten Geld für eine FS/BFS könnte ohne JV zu einem Problem werden, bzw. stark verwässern.
Bei der Gerichtsgeschichte bin ich mir nicht so sicher warum das gemacht wurde, manchmal hat aber eine finanziell schwächere Firma nicht den Atem so eine Geschichte durchzustehen. Vielleicht war das die Motivation, oder eine einfache Verzögerungstaktik.
Bis jetzt hat es Soquem immerhin 2 Claims eingebracht.
Die Zahlenspielerei finde ich mathematisch auch etwas verwirrend.
Sandcrab hat dazu noch etwas gepostet.
Ich werde mir einfach ansehen wie im Dezember der Stand der Dinge ist, dann sollte mehr Klarheit herrschen.
CORRECTION to my post of last evening September 23, 2010 -
Apella - - - - - - - - - - - - - - - - - - 9 claims
Soquem - - - - - - - - - - - - - - -- 2 claims
Unallocated - - - - - - - - - - - - - - 10 claims
21 claims
Lac Dore North -- - - - - - - - - - 36 claims
TOTAL - 57 claims
Seperated by approximately 2 miles but contiguous underground are 36 claims that were allocated to Novawest/Apella and became Lac Dore North.
News Release October 23, 2007, 10:30a.m. PDT
NOVAWEST STAKES IMPORTANT VANADIUM-TITANIIUM-IRON CLAIMS NEAR CHIBAOUGAMAU
Novawest Resources Inc. (TSXV - "NVE': fRANKFURT - "NWN") is pleased to announce the Company has staked 57 very important mineral claims located approximately 70 kms east-southeast of Chibougamau, Quebec. A number of the staked claims cover the Lac Dore Vanadium-Titanium-Titanium (FE-Ti) Deposit, the second largest Vanadium deposit in the world, reported to contain approximately 2.27 million metric tons (MT) (5 billion pounds) of reserves.
And the NR continues ...
July 2009 - Apella allocated - - - - - - - - - - 9 claims
- SOQUEM allocated - - - - - - - 2 claims
- Unallocated - - - - - - - -- - - - - 10 claims
TOTAL - - - 21 claims
Regarding SOQUEM being allocated 2 claims is in my opinion motivated by the Min of Mines, Quebec desperately wanting SOQUEM/the province of Quebec to be in on the development of the resource and in that desperation finding/in my opinion making-up mistakes in Apella's staking. I stated several times last evening that Apella did a PERFECT staking job August 21, 2007. It varies according to whom one speaks to as to how much of the resource is on the 9 claims (supposedly 60% and on the 2 claims allocated to SOQUEM -40% of the resource.).
Question: Why bother with the 10 unallocated claims? I can only supposed access to the 9 claims would be paramount, principle, hydro, roads - etc. More of the resource being deeper. But the SNC/LAV Feasibility Study does, as I understand it, clarify which claims the resource is primarily located on and it roughly a 60/40 figure. So 2 claims to SOQUEM seems inconsquential until you know where the resource is located on the 21 Lac Dore property. Also note that the SNC/LAV Feasibility Study cost in 2002 $12 million dollars. I would say in today's dollars something like $20 million. So this is what is to be gained or lost in the coming court case staring November 29, 2010. To bring this SNC/LAV Feasibiltiy Study up-to-date would be, as I understand it, drilling a specified number of feet from each of the drill holes. This would make the Feasibiltiy Study up to (National Instrument) NI 43-101 compliant. National Instrument standards did not exist in 2002. National Instrument compliant were brought in after the BRE-EX scandal.
A value to the Lac Dore as opposed to the Iron-T is that in acquiring all of the Lac Dore resource Apella controls this huge resource - Lac Dore, Lac Dore North, Iron-T and others properties that Apella has staked in Quebec. Thus, Apella controls the Vanadium resource in North America. Sharing it with the Min of Mines, Quebec and and SOQUEM tatamount to 'not controling' the Vanadium resource.
Once again it is late. Sorry about the addition mistake and hope the above clears the matter up.
Gruß Fritz
ab Dezember, dem 1sten darauf folgenden BProgramm, dürfte es, resourcenpotenzialtechnisch, riiichtig interessant werden(der größte Teil dürfte jetzt erst dazukommen):
Apella Resources Inc.: Extensive 250 km Iron-T Mag Survey Underway - Oct 29, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-Extens…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that the company granted Abitibi Geophysics Inc. from Val d'Or, Quebec, a contract to conduct an extensive 250 line km Magnetic-GPS survey on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
From the positive drill results obtained to date coupled with data from earlier airborne surveys covering the western part on the Iron-T Project the company has concluded that the rich mineralization discovered to date extends over the entire western extension of the Iron-T. Based on these conclusions, the rich mineralization identified to date would extend over a multi-kilometer strike length and be open in all directions and at depth.
Patrick D. O'Brien, ICD.D, Apella's CEO stated, "This survey will complete this data set and place the Iron-T in a drill ready status from east to west. It is expected to increase the number of drill-ready target significantly. This would mean that most of future exploration, in addition to the 20,000 metres of drilling presently planned on the Iron-T project, will be focused on diamond drilling; whereby the amount of planned drilling meterage will most likely have to be increased substantially."
The magnetic survey now underway will comprise about 250 km of transversal lines, base lines and tie lines and is planned to cover the entire western part of the property from Shallow Lake to the Bell River. This represents about 50% of the total area of the Iron-T Project. The central part of the Iron-T which was the subject of the 2009-2010 exploration drilling campaigns, as well as the eastern part, have been surveyed by Apella over the years from 2007 (17 original claims) to March 2010.
Once this new survey will be completed, the entire Iron-T project which currently consists of 146 claims totaling 3,995.57 hectares will have been covered by a ground magnetic survey.
Results of the new magnetic survey will be available to Apella at the beginning of December 2010 and will provide considerable abundance of drill targets which will confirm the size of this World-Class magmatic Fe-Ti-V oxide deposit.
In the past, the Iron-T area was covered by a regional airborne magnetic and electromagnetic INPUT MK VI survey which was conducted in 1977. Regional magnetic data over the Iron-T project from that airborne survey were acquired at a nominal lines spacing of 200 metres and a nominal mean terrain clearance of 125 metres. In addition, the western half of the Iron-T Vanadium-Titanium-Iron property, now being ground surveyed by Apella was covered by a regional airborne gradiometric survey which was carried out in 1984. Magnetic data in that survey was acquired at a nominal lines spacing of 300 metres and a nominal mean terrain clearance of 150 metres. The two airborne magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background level which is continuous over some 25 km in a WNW direction.
To date, the ground magnetic surveys undertaken by Apella have shown a direct relationship with the Iron-Titanium and Vanadium mineralization discovered. They have also provided more precise locationing of the anomalies and more accurate shapes of the targets.
The current ground magnetic survey will be carried over lines at a 100 spacing with readings every 2 seconds. The diurnal corrections are made with a synchronized Mag base station. Observation of the Total Magnetic Field (TMF) will be recorded and treated with Geosoft software. The Vertical Gradient will be calculated from the TMF.
The survey under progress is planned to confirm the lengths and widths of the airborne anomalies. It will also cover a 3 km long NW oriented magnetic axis which starts near the southwest shore of Shallow Lake and which seems to joins the main magnetic axis. This magnetic "South Branch" is about 3 km long and has never been drill tested.
The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provides housing, servicing, supplies, consumable and transport facilities including railway access for an efficient mining operation. The property is accessible via Matagami located approximately 780 km of Montreal, 250 km from Val d'Or and 185 km from Amos along regional highways. Matagami is accessible via Regional Highway 109 which links Amos to the Bay James Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town of Matagami. Access to the property itself is via all-weather gravel road N805 which links Lebel-sur-Quévillon to Matagami.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company's website at www.apellaresources.com. "
Apella Resources Inc.: Extensive 250 km
Iron-T Mag Survey Underway - Oct 29, 2010 www.marketwire.com/press-release/Apella-Resources-Inc-Extens…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that the company granted Abitibi Geophysics Inc. from Val d'Or, Quebec, a contract to conduct an extensive 250 line km Magnetic-GPS survey on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
From the positive drill results obtained to date coupled with data from earlier airborne surveys covering the western part on the Iron-T Project the company has concluded that the rich mineralization discovered to date extends over the entire western extension of the Iron-T. Based on these conclusions, the rich mineralization identified to date would extend over a multi-kilometer strike length and be open in all directions and at depth.
Patrick D. O'Brien, ICD.D, Apella's CEO stated, "This survey will complete this data set and place the Iron-T in a drill ready status from east to west. It is expected to increase the number of drill-ready target significantly. This would mean that most of future exploration, in addition to the 20,000 metres of drilling presently planned on the Iron-T project, will be focused on diamond drilling; whereby the amount of planned drilling meterage will most likely have to be increased substantially."
The magnetic survey now underway will comprise about 250 km of transversal lines, base lines and tie lines and is planned to cover the entire western part of the property from Shallow Lake to the Bell River. This represents about 50% of the total area of the Iron-T Project. The central part of the Iron-T which was the subject of the 2009-2010 exploration drilling campaigns, as well as the eastern part, have been surveyed by Apella over the years from 2007 (17 original claims) to March 2010.
Once this new survey will be completed, the entire Iron-T project which currently consists of 146 claims totaling 3,995.57 hectares will have been covered by a ground magnetic survey.
Results of the new magnetic survey will be available to Apella at the beginning of December 2010 and will provide considerable abundance of drill targets which will confirm the size of this World-Class magmatic Fe-Ti-V oxide deposit.
In the past, the Iron-T area was covered by a regional airborne magnetic and electromagnetic INPUT MK VI survey which was conducted in 1977. Regional magnetic data over the Iron-T project from that airborne survey were acquired at a nominal lines spacing of 200 metres and a nominal mean terrain clearance of 125 metres. In addition, the western half of the Iron-T Vanadium-Titanium-Iron property, now being ground surveyed by Apella was covered by a regional airborne gradiometric survey which was carried out in 1984. Magnetic data in that survey was acquired at a nominal lines spacing of 300 metres and a nominal mean terrain clearance of 150 metres. The two airborne magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background level which is continuous over some 25 km in a WNW direction.
To date, the ground magnetic surveys undertaken by Apella have shown a direct relationship with the Iron-Titanium and Vanadium mineralization discovered. They have also provided more precise locationing of the anomalies and more accurate shapes of the targets.
The current ground magnetic survey will be carried over lines at a 100 spacing with readings every 2 seconds. The diurnal corrections are made with a synchronized Mag base station. Observation of the Total Magnetic Field (TMF) will be recorded and treated with Geosoft software. The Vertical Gradient will be calculated from the TMF.
The survey under progress is planned to confirm the lengths and widths of the airborne anomalies. It will also cover a 3 km long NW oriented magnetic axis which starts near the southwest shore of Shallow Lake and which seems to joins the main magnetic axis. This magnetic "South Branch" is about 3 km long and has never been drill tested.
The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provides housing, servicing, supplies, consumable and transport facilities including railway access for an efficient mining operation. The property is accessible via Matagami located approximately 780 km of Montreal, 250 km from Val d'Or and 185 km from Amos along regional highways. Matagami is accessible via Regional Highway 109 which links Amos to the Bay James Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town of Matagami. Access to the property itself is via all-weather gravel road N805 which links Lebel-sur-Quévillon to Matagami.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company's website at www.apellaresources.com. "
Robert Collette, Former Canadian Diplomat , Appointed to Apella's Board of Directors - Nov 02, 2010
www.marketwire.com/press-release/Robert-Collette-Former-Cana…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) and its Board of Directors are pleased to announce the appointment of the Mr. Robert Collette, a distinguished Canadian diplomat to the Board of Directors of Apella Resources Inc.
"I am very pleased to join Apella's Board of Directors and to counsel management in areas such as international trade, politics and economic affairs," said Mr. Collette. "I believe Apella has significant potential for the future particularly as it relates to the environment sector. I very much look forward to contributing to the successful endeavors of the company."
Mr. Collette's distinguished 37 year career with Foreign Affairs and International Trade Canada and other federal public service sectors culminated with his most recent appointment to the Swiss Federal Council with concurrent accreditation to the Principality of Liechtenstein in 2005. In addition to his appointment as Ambassador to Switzerland some of Mr. Collette's other appointments include: Canada's Chief of Protocol; Canada's Ambassador to the Philippines; Minister (Commercial) and Deputy Head of Mission at the Canadian Embassy in Beijing, China; Deputy Director, Western Europe Trade, Investment and Technology at DFAIT; Director, Africa and Middle East Trade and Investment; Director, Investment and Science and Technology, Canada; and Personal Representative of the Prime Minister of Canada for La Francophonie.
Apella's Chairman, Patrick O'Brien, stated, "We are pleased and privileged to welcome Robert Collette to our Company's Board. We look forward to the significant benefits Robert's wealth of experience brings to our team. Robert's broad national and global experience and know-how will prove vital as we develop our extensive Vanadium, Iron and Titanium projects and prepare for the global markets."
In summary, Mr. Collette's professional career included the following highlights:
+ Seven years as Canada's Ambassador to the Philippines and Switzerland;
+ Two Years as Canada's Chief of Protocol;
+ Fourteen years as a Trade Commissioner including the following assignments: six years in Beijing including three years as Minister (Commercial) and Deputy Head of Mission; Director of Investment and Science and Technology Programs at Foreign Affairs and International Trade; Director, Trade and Investment Relations with Africa and the Middle East; and Deputy Director, Trade, Investment and Science and Technology Relations with Western Europe;
+ Ten years with the Canadian International Development Agency (CIDA), including two postings in Kuala Lumpur and Yaoundé;
+ 18 years of experience living and working 'on-the-ground', in developing and developed countries (China, Malaysia, Cameroon, Philippines, Switzerland and Italy);
+ Extensive experience as a Manager of human and financial resources.
In areas such as national and international political affairs, economic matters, business development and global trade, Mr. Collette will provide exceptional insight and guidance to our Management Team and Board of Directors.
For further information, Apella invites the public to visit its website at www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Director "
, Appointed to Apella's Board of Directors - Nov 02, 2010 www.marketwire.com/press-release/Robert-Collette-Former-Cana…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) and its Board of Directors are pleased to announce the appointment of the Mr. Robert Collette, a distinguished Canadian diplomat to the Board of Directors of Apella Resources Inc.
"I am very pleased to join Apella's Board of Directors and to counsel management in areas such as international trade, politics and economic affairs," said Mr. Collette. "I believe Apella has significant potential for the future particularly as it relates to the environment sector. I very much look forward to contributing to the successful endeavors of the company."
Mr. Collette's distinguished 37 year career with Foreign Affairs and International Trade Canada and other federal public service sectors culminated with his most recent appointment to the Swiss Federal Council with concurrent accreditation to the Principality of Liechtenstein in 2005. In addition to his appointment as Ambassador to Switzerland some of Mr. Collette's other appointments include: Canada's Chief of Protocol; Canada's Ambassador to the Philippines; Minister (Commercial) and Deputy Head of Mission at the Canadian Embassy in Beijing, China; Deputy Director, Western Europe Trade, Investment and Technology at DFAIT; Director, Africa and Middle East Trade and Investment; Director, Investment and Science and Technology, Canada; and Personal Representative of the Prime Minister of Canada for La Francophonie.
Apella's Chairman, Patrick O'Brien, stated, "We are pleased and privileged to welcome Robert Collette to our Company's Board. We look forward to the significant benefits Robert's wealth of experience brings to our team. Robert's broad national and global experience and know-how will prove vital as we develop our extensive Vanadium, Iron and Titanium projects and prepare for the global markets."
In summary, Mr. Collette's professional career included the following highlights:
+ Seven years as Canada's Ambassador to the Philippines and Switzerland;
+ Two Years as Canada's Chief of Protocol;
+ Fourteen years as a Trade Commissioner including the following assignments: six years in Beijing including three years as Minister (Commercial) and Deputy Head of Mission; Director of Investment and Science and Technology Programs at Foreign Affairs and International Trade; Director, Trade and Investment Relations with Africa and the Middle East; and Deputy Director, Trade, Investment and Science and Technology Relations with Western Europe;
+ Ten years with the Canadian International Development Agency (CIDA), including two postings in Kuala Lumpur and Yaoundé;
+ 18 years of experience living and working 'on-the-ground', in developing and developed countries (China, Malaysia, Cameroon, Philippines, Switzerland and Italy);
+ Extensive experience as a Manager of human and financial resources.
In areas such as national and international political affairs, economic matters, business development and global trade, Mr. Collette will provide exceptional insight and guidance to our Management Team and Board of Directors.
For further information, Apella invites the public to visit its website at www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Director "
Antwort auf Beitrag Nr.: 40.441.682 von Popeye82 am 03.11.10 02:44:52Hallo Popeye
Sieht doch nicht schlecht aus und noch ziemlich unbemerkt in Deutschland.
Bin gespannt wie die rechtliche Sache mit den Claims ausgeht.
Apella scheint bald die größten Vanadiumvorkommen bei ganz moderaten Gehalten zu besitzen.
Mal schauen ob es der Firma was bringt das Mr Collette in China tätig war.
Gruß Fritz
Sieht doch nicht schlecht aus und noch ziemlich unbemerkt in Deutschland.
Bin gespannt wie die rechtliche Sache mit den Claims ausgeht.
Apella scheint bald die größten Vanadiumvorkommen bei ganz moderaten Gehalten zu besitzen.
Mal schauen ob es der Firma was bringt das Mr Collette in China tätig war.
Gruß Fritz
NEWS!
Apella Resources Inc.: Fundamental Research Corp. Report Released and Update Regarding Raglan NSR
VANCOUVER, BRITISH COLUMBIA, Nov. 4, 2010 (Marketwire) -- Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that the company is receipt of an Independent Research Report prepared and distributed by Fundamental Research Corp.; one of North America's most respected analytical firms. Apella is pleased to see such favourable coverage by Fundamental. Apella notes that Fundamental's report has given Apella Resources Inc. a "Buy" rating and a target price of $0.65 per share which is a 400% premium to the close on Apella's market on November 3, 2010.
Investors who wish to receive a copy of the Fundamental Research Report may obtain one by calling Adrian Bakker at Apella Resources Inc. offices at 604-683-8990 or e-mailing to Patrick D. O'Brien, CEO at Novawest@novawest.com; otherwise they can look for the report at www.researchfrc.com.
In other news, Apella's management notes that in a Goldbrook Ventures Inc. news release dated today November 4th, 2010 Mr. Brian Grants provides an updated resource calculation for numerous of Goldbrook's Raglan exploration deposits. Of significance to Apella and its stakeholders is; 1) that the Mystery deposit is the largest of the Goldbrook deposits noted and 2) Apella Resources Inc. retains the Net Smelter Royalty ("NSR") on that particular assemblage of Raglan assets as result of the previous sale of Apella's Raglan assets to Goldbrook.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Director
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Apella Resources Inc. Business Development Direct: 604-641-4474 apella@apellaresources.com www.apellaresources.com
Hier der link zu dem Research-Institut: http://www.researchfrc.com/
Gruß
Julia
Apella Resources Inc.: Fundamental Research Corp. Report Released and Update Regarding Raglan NSR
VANCOUVER, BRITISH COLUMBIA, Nov. 4, 2010 (Marketwire) -- Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that the company is receipt of an Independent Research Report prepared and distributed by Fundamental Research Corp.; one of North America's most respected analytical firms. Apella is pleased to see such favourable coverage by Fundamental. Apella notes that Fundamental's report has given Apella Resources Inc. a "Buy" rating and a target price of $0.65
per share which is a 400% premium to the close on Apella's market on November 3, 2010.Investors who wish to receive a copy of the Fundamental Research Report may obtain one by calling Adrian Bakker at Apella Resources Inc. offices at 604-683-8990 or e-mailing to Patrick D. O'Brien, CEO at Novawest@novawest.com; otherwise they can look for the report at www.researchfrc.com.
In other news, Apella's management notes that in a Goldbrook Ventures Inc. news release dated today November 4th, 2010 Mr. Brian Grants provides an updated resource calculation for numerous of Goldbrook's Raglan exploration deposits. Of significance to Apella and its stakeholders is; 1) that the Mystery deposit is the largest of the Goldbrook deposits noted and 2) Apella Resources Inc. retains the Net Smelter Royalty ("NSR") on that particular assemblage of Raglan assets as result of the previous sale of Apella's Raglan assets to Goldbrook.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Director
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Apella Resources Inc. Business Development Direct: 604-641-4474 apella@apellaresources.com www.apellaresources.com
Hier der link zu dem Research-Institut: http://www.researchfrc.com/
Gruß
Julia
Antwort auf Beitrag Nr.: 40.417.776 von Popeye82 am 29.10.10 17:56:28
Beendet. :
Apella Resources Inc.: 250 km Iron-T Mag Survey Complete and Topo Mapping Underway - Nov 10, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-250-km…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that Abitibi Geophysics Inc. from Val d'Or, Quebec has completed the contracted 250 line km Magnetic-GPS survey on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
Patrick D. O'Brien, ICD.D, Apella's CEO, stated, "This survey is expected to increase the number of drill-ready targets significantly."
The magnetic survey comprised approximately 250 km of transversal lines, base lines and tie lines over the entire western part of the property from Shallow Lake to the Bell River. This represents about 50% of the total area of the Iron-T Project. The central part of the Iron-T which was the subject of the 2009-2010 exploration drilling campaigns, as well as the eastern part, have been surveyed by Apella over the years from 2007 (17 original claims) to March 2010.
Now that this survey is complete the entire Iron-T project consisting of 146 claims totaling 3,995.57 hectares has been covered by ground magnetic survey.
Results of the new magnetic survey will be available to Apella around the beginning of December 2010 and are expected to provide an abundance of drill targets which collectively, once drilled, should confirm the size of this World-Class magmatic V-Fe-Ti oxide deposit(s) covering the Iron-T.
In the past, the Iron-T area was covered by a regional airborne magnetic and electromagnetic INPUT MK VI survey which was conducted in 1977. Regional magnetic data over the Iron-T project from that airborne survey was acquired at a nominal lines spacing of 200 metres and a nominal mean terrain clearance of 125 metres. In addition, the western half of the Iron-T Vanadium-Titanium-Iron property, now being ground surveyed by Apella was covered by a regional airborne gradiometric survey carried out in 1984. Magnetic data in that survey was acquired at a nominal lines spacing of 300 metres and a nominal mean terrain clearance of 150 metres. The two airborne magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background level which is continuous over some 25 km in a WNW direction.
To date, the ground magnetic surveys undertaken by Apella have shown a direct relationship with the Vanadium, Iron and Titanium mineralization discovered. They have also provided more precise locationing of the anomalies and more accurate shapes of the targets.
This latest ground magnetic was carried over lines at 100 spacings with readings every 2 seconds. The diurnal corrections are made with a synchronized Mag base station. Observation of the Total Magnetic Field (TMF) was recorded and will be treated with Geosoft software. The Vertical Gradient will be calculated from the TMF.
The survey was also planned to confirm the lengths and widths of a number of specific airborne anomalies. It covered a 3 km long NW oriented magnetic axis which starts near the southwest shore of Shallow Lake and which seems to joins the main magnetic axis. This magnetic "South Branch" is about 3 km long and has never been drill tested.
In other news, Apella has received from Viasat Geo Technologies Inc. all data permitting it to address a topographic map of the whole Iron T mining property. The data includes geo-referenced rivers, roads and lakes; as well as level curves at 1 m interval. The base of this topographic map is a mosaic of satellite images from Worldview-2 at 50 cm resolution. The base topographic map was released in jpeg format at a scale of 1: 25 000. The cartographic reference system used for local mapping and drawing is Universal Transverse Mercator projection for Canada (NAD 83), Zone 18.
This work will provide the exploration team with the tools necessary to prepare the longitudinal and transversal geological sections with an accuracy of 0.35 m in all directions. Those sections will be used for 3D modelling and for the ongoing resource calculations; as well as provide qualification with a better accuracy.
In addition, this topographic information will later be used by the mining engineers for future open-pit design and planning, the localisation to the concentrator and waste piles and all infrastructures necessary for a mining operation (power line, telecommunications, water supply, drainage, etc...).
The present satellite image taken in August 2010 clearly shows all drill sites and strippings made since 1998. The grid of cut lines made in 2009 is also well visible.
The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provide housing, servicing, supplies, consumable and transport facilities including railway access for an efficient mining operation. The property is accessible via Matagami located approximately 780 km of Montreal, 250 km from Val d'Or and 185 km from Amos along regional highways. Matagami is accessible via Regional Highway 109 which links Amos to the Bay James Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town of Matagami. Access to the property itself is via all-weather gravel road N805 which links Lebel-sur-Quevillon to Matagami.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Director "
WorldViewII:
www.digitalglobe.com/downloads/spacecraft/WorldView2-DS-WV2.…
Beendet. :
Apella Resources Inc.: 250 km Iron-T Mag Survey Complete and Topo Mapping Underway - Nov 10, 2010
www.marketwire.com/press-release/Apella-Resources-Inc-250-km…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that Abitibi Geophysics Inc. from Val d'Or, Quebec has completed the contracted 250 line km Magnetic-GPS survey on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
Patrick D. O'Brien, ICD.D, Apella's CEO, stated, "This survey is expected to increase the number of drill-ready targets significantly."
The magnetic survey comprised approximately 250 km of transversal lines, base lines and tie lines over the entire western part of the property from Shallow Lake to the Bell River. This represents about 50% of the total area of the Iron-T Project. The central part of the Iron-T which was the subject of the 2009-2010 exploration drilling campaigns, as well as the eastern part, have been surveyed by Apella over the years from 2007 (17 original claims) to March 2010.
Now that this survey is complete the entire Iron-T project consisting of 146 claims totaling 3,995.57 hectares has been covered by ground magnetic survey.
Results of the new magnetic survey will be available to Apella around the beginning of December 2010 and are expected to provide an abundance of drill targets which collectively, once drilled, should confirm the size of this World-Class magmatic V-Fe-Ti oxide deposit(s) covering the Iron-T.
In the past, the Iron-T area was covered by a regional airborne magnetic and electromagnetic INPUT MK VI survey which was conducted in 1977. Regional magnetic data over the Iron-T project from that airborne survey was acquired at a nominal lines spacing of 200 metres and a nominal mean terrain clearance of 125 metres. In addition, the western half of the Iron-T Vanadium-Titanium-Iron property, now being ground surveyed by Apella was covered by a regional airborne gradiometric survey carried out in 1984. Magnetic data in that survey was acquired at a nominal lines spacing of 300 metres and a nominal mean terrain clearance of 150 metres. The two airborne magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background level which is continuous over some 25 km in a WNW direction.
To date, the ground magnetic surveys undertaken by Apella have shown a direct relationship with the Vanadium, Iron and Titanium mineralization discovered. They have also provided more precise locationing of the anomalies and more accurate shapes of the targets.
This latest ground magnetic was carried over lines at 100 spacings with readings every 2 seconds. The diurnal corrections are made with a synchronized Mag base station. Observation of the Total Magnetic Field (TMF) was recorded and will be treated with Geosoft software. The Vertical Gradient will be calculated from the TMF.
The survey was also planned to confirm the lengths and widths of a number of specific airborne anomalies. It covered a 3 km long NW oriented magnetic axis which starts near the southwest shore of Shallow Lake and which seems to joins the main magnetic axis. This magnetic "South Branch" is about 3 km long and has never been drill tested.
In other news, Apella has received from Viasat Geo Technologies Inc. all data permitting it to address a topographic map of the whole Iron T mining property. The data includes geo-referenced rivers, roads and lakes; as well as level curves at 1 m
interval. The base of this topographic map is a mosaic of satellite images from Worldview-2 at 50 cm resolution. The base topographic map was released in jpeg format at a scale of 1: 25 000. The cartographic reference system used for local mapping and drawing is Universal Transverse Mercator projection for Canada (NAD 83), Zone 18.This work will provide the exploration team with the tools necessary to prepare the longitudinal and transversal geological sections with an accuracy of 0.35
m in all directions. Those sections will be used for 3D modelling and for the ongoing resource calculations; as well as provide qualification with a better accuracy.In addition, this topographic information will later be used by the mining engineers for future open-pit design and planning, the localisation to the concentrator and waste piles and all infrastructures necessary for a mining operation (power line, telecommunications, water supply, drainage, etc...).
The present satellite image taken in August 2010 clearly shows all drill sites and strippings made since 1998. The grid of cut lines made in 2009 is also well visible.
The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provide housing, servicing, supplies, consumable and transport facilities including railway access for an efficient mining operation. The property is accessible via Matagami located approximately 780 km of Montreal, 250 km from Val d'Or and 185 km from Amos along regional highways. Matagami is accessible via Regional Highway 109 which links Amos to the Bay James Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town of Matagami. Access to the property itself is via all-weather gravel road N805 which links Lebel-sur-Quevillon to Matagami.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Director "
WorldViewII:
www.digitalglobe.com/downloads/spacecraft/WorldView2-DS-WV2.…
Antwort auf Beitrag Nr.: 40.457.921 von DIE_GERECHTIGKEIT am 04.11.10 20:42:30
freigeschaltet -Deren Target Upgrade hat, neben Initial Resource, hauptsächlich mit der Erhöhung(Ver2ppelung) des EV/resource-ratio der Konkurrenten/"Mitbewerber"(EGZ.V, SVX.V, RKY.V &LGO.V) zuletzt zu tun(ich finde Price Targets in der akt. Situation relativ schwachsinnig):
www.researchfrc.com/research/pdf/apa/Nov%203,%202010%20-%20A…
freigeschaltet -Deren Target Upgrade hat, neben Initial Resource, hauptsächlich mit der Erhöhung(Ver2ppelung) des EV/resource-ratio der Konkurrenten/"Mitbewerber"(EGZ.V, SVX.V, RKY.V &LGO.V) zuletzt zu tun(ich finde Price Targets in der akt. Situation relativ schwachsinnig):
www.researchfrc.com/research/pdf/apa/Nov%203,%202010%20-%20A…
Antwort auf Beitrag Nr.: 40.506.498 von Popeye82 am 11.11.10 21:47:42Mal wieder News, leider nichts über die beanspruchten Claims.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…
Gruß Fritz
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…
Gruß Fritz
Apella Resources Inc.: W. Adrian Bakker Appointed Vice President of Corporate Communications - Jan 13, 2011
www.marketwire.com/press-release/Apella-Resources-Inc-W-Adri…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 13, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that the Company has appointed W. Adrian Bakker, Vice President of Corporate Communications.
Mr. Bakker will be responsible for defining and managing Apella's communications strategies worldwide including the development of public relations initiatives, media relations, corporate advertising, social media campaigns, customer marketing programs and other key corporate initiatives. Mr. Bakker will report to Chief Executive Officer Patrick D. O'Brien, ICD.D.
"We are pleased to make this key addition to the management team," said Patrick O'Brien. "In order to further support our growth, it was important to bring strong talent and presence to this position. Mr. Bakker's proven experience and expertise in communications as well as his experience in marketing and finance will help us take our corporation's development to the next level."
"I am excited to join Apella Resource's management team. I have played a key role in Apella's growth, financing and hands on acquisition of its Vanadium projects over the past four years," said Mr. Bakker. He continued, "I believe Vanadium is truly the metal of the future. Apella's large scale Canadian deposits may create enough supply to not only stabilize Vanadium's historically volatile price , but to fuel emerging technologies that may vastly improve the quality of life for many decades to come. I look forward to taking on the many challenges and opportunities ahead."
Mr. Bakker has more than 8 years' experience in the mineral exploration sector, having been directly involved in corporate finance, project acquisition and development, business development, as well as corporate communications.
Apella has been invited to present at the inaugural Critical Metals Investment Symposium at the Pan Pacific Hotel in Vancouver, BC on January 21st and 22nd, 2011. Mr. Bakker will be the guest speaker at this event on behalf of Apella. He will also be available at the Vancouver Resource Investment Conference at the Vancouver Convention Centre West at booth number 1426, on January 23rd and 24th, 2011. Apella's chief project geologist Dr. Christian Derosier, P.Geo., and President & CEO, Patrick D. O'Brien will also be available at both events to answer any additional questions.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien, ICD.D – Director "
www.marketwire.com/press-release/Apella-Resources-Inc-W-Adri…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 13, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that the Company has appointed W. Adrian Bakker, Vice President of Corporate Communications.
Mr. Bakker will be responsible for defining and managing Apella's communications strategies worldwide including the development of public relations initiatives, media relations, corporate advertising, social media campaigns, customer marketing programs and other key corporate initiatives. Mr. Bakker will report to Chief Executive Officer Patrick D. O'Brien, ICD.D.
"We are pleased to make this key addition to the management team," said Patrick O'Brien. "In order to further support our growth, it was important to bring strong talent and presence to this position. Mr. Bakker's proven experience and expertise in communications as well as his experience in marketing and finance will help us take our corporation's development to the next level."
"I am excited to join Apella Resource's management team. I have played a key role in Apella's growth, financing and hands on acquisition of its Vanadium projects over the past four years," said Mr. Bakker. He continued, "I believe Vanadium is truly the metal of the future. Apella's large scale Canadian deposits may create enough supply to not only stabilize Vanadium's historically volatile price
, but to fuel emerging technologies that may vastly improve the quality of life for many decades to come. I look forward to taking on the many challenges and opportunities ahead."Mr. Bakker has more than 8 years' experience in the mineral exploration sector, having been directly involved in corporate finance, project acquisition and development, business development, as well as corporate communications.
Apella has been invited to present at the inaugural Critical Metals Investment Symposium at the Pan Pacific Hotel in Vancouver, BC on January 21st and 22nd, 2011. Mr. Bakker will be the guest speaker at this event on behalf of Apella. He will also be available at the Vancouver Resource Investment Conference at the Vancouver Convention Centre West at booth number 1426, on January 23rd and 24th, 2011. Apella's chief project geologist Dr. Christian Derosier, P.Geo., and President & CEO, Patrick D. O'Brien will also be available at both events to answer any additional questions.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien, ICD.D – Director "
Website wurde etwas umgestaltet. Die letzte Presentation ist auch nicht ganz uninteressant, da sie auch(zum 1sten Mal, soweit ich sehe) so ne Art kleine Roadmap enthält:
www.apellaresources.com/investors/presentations
www.apellaresources.com/investors/presentations
Antwort auf Beitrag Nr.: 40.859.792 von Popeye82 am 14.01.11 04:07:30Hi Popeye
Eine wirklich sehr interessante Präsentation und wenn man bedenkt das bei Iron-T laut Präsentation erst auf 1,5 von 15km strike gebohrt wurde...
Das bestehende, wie auch das weitere Potential die Ressourcen betreffend ist einfach gigantisch.
Ich bin vorwiegend gespannt wie sich das Marketing mit Herrn Bakker weiter entwickelt.
Einer der am öftesten gelesenen Kritikpunkte betrifft das Management und ich denke unter Management versteht man in dieser Phase zu einem großen Teil das Marketing.
Vielleicht erhält Apella auch durch die abzuwartende Gerichtsentscheidung weiteren Auftrieb.
Rein entwicklungstechnisch wäre das von immensen Vorteil, es gibt doch kaum etwas schlimmeres als bei einer weltklasse Ressource auf niedrigem Niveau zu verwässern.
Gruß Fritz
Eine wirklich sehr interessante Präsentation und wenn man bedenkt das bei Iron-T laut Präsentation erst auf 1,5 von 15km strike gebohrt wurde...
Das bestehende, wie auch das weitere Potential die Ressourcen betreffend ist einfach gigantisch.
Ich bin vorwiegend gespannt wie sich das Marketing mit Herrn Bakker weiter entwickelt.
Einer der am öftesten gelesenen Kritikpunkte betrifft das Management und ich denke unter Management versteht man in dieser Phase zu einem großen Teil das Marketing.
Vielleicht erhält Apella auch durch die abzuwartende Gerichtsentscheidung weiteren Auftrieb.
Rein entwicklungstechnisch wäre das von immensen Vorteil, es gibt doch kaum etwas schlimmeres als bei einer weltklasse Ressource auf niedrigem Niveau zu verwässern.
Gruß Fritz
Vanadium Redox Batteries Show Promise in Renewable Energy Technologies
email Email Print Print
Thu, Jan 13, 2011
Feature Articles
By Damon van der Linde – Exclusive to Vanadium Investing News
inShare0
Demand for vanadium can be expected to rise if the vanadium redox battery (VRB) is widely adopted in large-scale energy storage of renewables like wind and solar power.
“The VRBs are a very good technology in the renewable energy sector and that’s where we think it will help out significantly,” said Jonathan Lee, a Battery Materials and Technologies Analyst at Byron Capital Markets, in a recent interview with Vanadium Investing News.
Properties of vanadium make VRBs well suited in large power storage applications such as the energy stabilization of highly variable generation sources—such as wind or solar power—or to help generators cope with large surges in demand. Lee explained that this is because vanadium possesses the unique benefit of having multiple charges, allowing for use in both the anode and cathode of the battery. This quality gives the battery a longer life because less contamination occurs.
“With wind power, for instance, most of the wind happens at night and most people use the most electricity during the day so there’s a mismatch between when electricity is used and when it is consumed,” said Lee. “A VRB would be able to store and stabilize some of this energy.”
The main advantages of VRBs are that they can offer almost unlimited capacity simply by using larger storage tanks, they can be left completely discharged for long periods with no ill effects, they can be recharged simply by replacing the electrolyte if no power source is available to charge it, and if the electrolytes are accidentally mixed the battery suffers no permanent damage.
In spite of its many benefits in large-scale energy storage, VRBs are a relatively new technology and could face some uncertainties in the future. For instance, the vast majority of global vanadium supply is used as a hardener in steel production. Today, more than 85 percent of existing vanadium demand is from the global steel industry, driven by increased steel production primarily in China, India and the developing world.
“It is heavily tied to steel industry, so that’s where it becomes a boom and bust in terms of pricing,” said Lee. “This has contributed to some of the problems with the volatility of pricing in the past. Some of the metrics by which you cost a project change dramatically when a major input is vanadium.”
Lee said the widespread adoption of VRBs in renewable energy could also be contingent on the ability of supply to meet a growing demand.
“For every megawatt of storage you need about 10 tons of vanadium. The amount of vanadium you need can add up very quickly,” said Lee. “If supply can’t catch up, it could have an effect on pricing. If large scale applications of vanadium like VRBs do come to fruition, new suppliers will have to come online.”
email Email Print Print
Thu, Jan 13, 2011
Feature Articles
By Damon van der Linde – Exclusive to Vanadium Investing News
inShare0
Demand for vanadium can be expected to rise if the vanadium redox battery (VRB) is widely adopted in large-scale energy storage of renewables like wind and solar power.
“The VRBs are a very good technology in the renewable energy sector and that’s where we think it will help out significantly,” said Jonathan Lee, a Battery Materials and Technologies Analyst at Byron Capital Markets, in a recent interview with Vanadium Investing News.
Properties of vanadium make VRBs well suited in large power storage applications such as the energy stabilization of highly variable generation sources—such as wind or solar power—or to help generators cope with large surges in demand. Lee explained that this is because vanadium possesses the unique benefit of having multiple charges, allowing for use in both the anode and cathode of the battery. This quality gives the battery a longer life because less contamination occurs.
“With wind power, for instance, most of the wind happens at night and most people use the most electricity during the day so there’s a mismatch between when electricity is used and when it is consumed,” said Lee. “A VRB would be able to store and stabilize some of this energy.”
The main advantages of VRBs are that they can offer almost unlimited capacity simply by using larger storage tanks, they can be left completely discharged for long periods with no ill effects, they can be recharged simply by replacing the electrolyte if no power source is available to charge it, and if the electrolytes are accidentally mixed the battery suffers no permanent damage.
In spite of its many benefits in large-scale energy storage, VRBs are a relatively new technology and could face some uncertainties in the future. For instance, the vast majority of global vanadium supply is used as a hardener in steel production. Today, more than 85 percent of existing vanadium demand is from the global steel industry, driven by increased steel production primarily in China, India and the developing world.
“It is heavily tied to steel industry, so that’s where it becomes a boom and bust in terms of pricing,” said Lee. “This has contributed to some of the problems with the volatility of pricing in the past. Some of the metrics by which you cost a project change dramatically when a major input is vanadium.”
Lee said the widespread adoption of VRBs in renewable energy could also be contingent on the ability of supply to meet a growing demand.
“For every megawatt of storage you need about 10 tons of vanadium. The amount of vanadium you need can add up very quickly,” said Lee. “If supply can’t catch up, it could have an effect on pricing. If large scale applications of vanadium like VRBs do come to fruition, new suppliers will have to come online.”
Antwort auf Beitrag Nr.: 40.866.238 von mickefett am 14.01.11 21:13:38News von Iron-T
Iron-T Survey Increases Potential and Provides Numerous New Priority Drill Target Areas
Vancouver, BC – January 14, 2011
Apella Resources Inc. (TSX.V: “APA”), (U.S.A. OTCQX: “APAFF”), and (Frankfurt Symbol: “NWN”) is pleased to announce that the company has received and interpreted the results of a GPS integrated ground magnetic field survey executed by Abitibi Geophysics Inc. from Val d’Or, Quebec, on Apella’s Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec. The objective of the survey was to assess the further potential for extensive Vanadium, Iron and Titanium mineralization; as well as aid in the lithological discrimination and structural mapping.
The magnetic survey was completed in November 2010. It covered the western part of the 3,995.57 ha Iron-T Project from Shallow Lake to the Bell River. The survey totaled 212 km of transversal lines, base lines and tie lines. This new survey covered about 50% of the total area of the Iron-T Vanadium-Iron-Titanium Project. The east-central and eastern parts of the Iron-T Project, which were the subject of Apella’s 2009-2010 exploration drilling, had already been surveyed between 2007 and March 2010.
The entire Iron-T Vanadium-Iron-Titanium Project, consisting of 146 claims (totaling 3,995.57 hectares) has now been covered by ground magnetometic survey.
To date, the ground magnetic surveys carried out have shown a direct relationship with the Vanadium, Iron, and Titanium mineralization, and most importantly, more precise locationing of the anomalies and more accurate shapes of the anomalies.
Apella’s CEO Patrick D O’Brien, ICD.D comments, “We are further delighted by these new results as they relate to the potential the Iron-T provides. The Iron-T is ideally situated in the ore-rich Bell River complex where the close proximity to rail and power will prove important. The identification of drillable anomalies spanning the NW-SE strike of the project is very compelling”.
The recent ground magnetic survey was carried over lines at 100 metre spacings with readings taken every 2 seconds. The diurnal correction was made with a synchronized Mag base station. Observation of the Total Magnetic Intensity (TMI) was recorded and treated with Geosoft. Vertical gradient was calculated from the TMI.
From a detailed study of TMI and DT field maps, three new main zones have now been distinguished. Each zone exhibits a distinct magnetic character.
Zone #1: is referred to as the Shallow Lake area and located in the south-eastern part of the survey. This area is free from any specific anomalies of note, except in its southern portion where a NW-SE trending high magnetic lineament may represent a more recent intrusion or the flank of a fold.
Zone #2: shows a moderate magnetic signature. It covers an area in the central and the eastern part of the surveyed area. This zone could be related to layers of disseminated oxides of the Bell River Complex.
Zone #3: covers the central and western part of the survey. This zone is characterized by highly magnetic anomalies. The delineated anomalies show elongated and irregular shaped signatures. They are interpreted as iron formations.
Note: It is worth mentioning the presence of circular magnetic anomalies which could be related to a pipe-like intrusions.
Zone #3: contains two (2) highly prioritized target areas selected on the basis of their favourable magnetic signatures. Those two target areas contain ten (10) more specific targets recommended for drilling. Target #1 is significant in size, covering 3 km in length and up to 250 m in width. It contains several highly magnetic east-west oriented layers. In the south part of the surveyed area, Target # 2 presents a 4.3 km long highly magnetic layer which is oriented WNW-ESE. This lineament has a signature with amplitudes varying from 4 000 to 6000 nT. It appears approximately 100 m in width. The western part of Zone # 2 shows high to strong magnetic anomalies showing amplitudes ranging from 6000 to 14 000 nT. The three main magnetic axis are 1.5 km in length by 100 to 150 m in width and show some folding. They are very similar to the main zone which Apella drilled since 2009.
Early on, Apella’s team had identified targetable areas over a strike length of approximately 15.5 kms. Due to the interpretation of the current and past data Apella is now confident that the targetable anomalies can now be extended to cover a strike of more than 22 kms when including both the earlier identified 15.5 kms of the WNW to SSE strike and the new NNW to SSE derivative anomaly previously not included.
The 10 drill targets now selected by the geophysicist will confirm the potential overall dimensional size of this world-class magmatic Fe-Ti-V oxide deposit.
Historically, the horizon hosting the Iron-T Project had been covered by both regional airborne magnetic and electromagnetic INPUT MK VI surveys conducted in 1977. Regional magnetic data over the Iron T Project was acquired at a nominal lines spacing of 200 metres and a nominal mean terrain clearance of 125 metres. In addition, the western half of the Iron-T Vanadium-Titanium-Iron property had been covered by a regional airborne gradiometric survey carried out in 1984. Magnetic data was acquired at a nominal lines spacing of 300 metres and a nominal mean terrain clearance of 150 metres. These airborne magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background level and continuous in a WNW direction over the entire Iron-T Project claim assemblage.
The Iron-T Vanadium-Titanium-Iron Project is ideally located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provides housing, servicing, supplies, consumable and transport facilities including railway access for an efficient mining operation. The property is accessible via Matagami located approximately 780 km of Montreal, 250 km from Val d’Or and 185 km from Amos along regional highways. Matagami is accessible via Regional Highway 109 which links Amos to the Bay James Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town of Matagami. Access to the property itself is via all-weather gravel road N805 which links Lebel-sur-Quévillon to Matagami.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Director
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
http://www.apellaresources.com/news/2011/132-iron-t-survey-i…
Iron-T Survey Increases Potential and Provides Numerous New Priority Drill Target Areas
Vancouver, BC – January 14, 2011
Apella Resources Inc. (TSX.V: “APA”), (U.S.A. OTCQX: “APAFF”), and (Frankfurt Symbol: “NWN”) is pleased to announce that the company has received and interpreted the results of a GPS integrated ground magnetic field survey executed by Abitibi Geophysics Inc. from Val d’Or, Quebec, on Apella’s Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec. The objective of the survey was to assess the further potential for extensive Vanadium, Iron and Titanium mineralization; as well as aid in the lithological discrimination and structural mapping.
The magnetic survey was completed in November 2010. It covered the western part of the 3,995.57 ha Iron-T Project from Shallow Lake to the Bell River. The survey totaled 212 km of transversal lines, base lines and tie lines. This new survey covered about 50% of the total area of the Iron-T Vanadium-Iron-Titanium Project. The east-central and eastern parts of the Iron-T Project, which were the subject of Apella’s 2009-2010 exploration drilling, had already been surveyed between 2007 and March 2010.
The entire Iron-T Vanadium-Iron-Titanium Project, consisting of 146 claims (totaling 3,995.57 hectares) has now been covered by ground magnetometic survey.
To date, the ground magnetic surveys carried out have shown a direct relationship with the Vanadium, Iron, and Titanium mineralization, and most importantly, more precise locationing of the anomalies and more accurate shapes of the anomalies.
Apella’s CEO Patrick D O’Brien, ICD.D comments, “We are further delighted by these new results as they relate to the potential the Iron-T provides. The Iron-T is ideally situated in the ore-rich Bell River complex where the close proximity to rail and power will prove important. The identification of drillable anomalies spanning the NW-SE strike of the project is very compelling”.
The recent ground magnetic survey was carried over lines at 100 metre spacings with readings taken every 2 seconds. The diurnal correction was made with a synchronized Mag base station. Observation of the Total Magnetic Intensity (TMI) was recorded and treated with Geosoft. Vertical gradient was calculated from the TMI.
From a detailed study of TMI and DT field maps, three new main zones have now been distinguished. Each zone exhibits a distinct magnetic character.
Zone #1: is referred to as the Shallow Lake area and located in the south-eastern part of the survey. This area is free from any specific anomalies of note, except in its southern portion where a NW-SE trending high magnetic lineament may represent a more recent intrusion or the flank of a fold.
Zone #2: shows a moderate magnetic signature. It covers an area in the central and the eastern part of the surveyed area. This zone could be related to layers of disseminated oxides of the Bell River Complex.
Zone #3: covers the central and western part of the survey. This zone is characterized by highly magnetic anomalies. The delineated anomalies show elongated and irregular shaped signatures. They are interpreted as iron formations.
Note: It is worth mentioning the presence of circular magnetic anomalies which could be related to a pipe-like intrusions.
Zone #3: contains two (2) highly prioritized target areas selected on the basis of their favourable magnetic signatures. Those two target areas contain ten (10) more specific targets recommended for drilling. Target #1 is significant in size, covering 3 km in length and up to 250 m in width. It contains several highly magnetic east-west oriented layers. In the south part of the surveyed area, Target # 2 presents a 4.3 km long highly magnetic layer which is oriented WNW-ESE. This lineament has a signature with amplitudes varying from 4 000 to 6000 nT. It appears approximately 100 m in width. The western part of Zone # 2 shows high to strong magnetic anomalies showing amplitudes ranging from 6000 to 14 000 nT. The three main magnetic axis are 1.5 km in length by 100 to 150 m in width and show some folding. They are very similar to the main zone which Apella drilled since 2009.
Early on, Apella’s team had identified targetable areas over a strike length of approximately 15.5 kms. Due to the interpretation of the current and past data Apella is now confident that the targetable anomalies can now be extended to cover a strike of more than 22 kms when including both the earlier identified 15.5 kms of the WNW to SSE strike and the new NNW to SSE derivative anomaly previously not included.
The 10 drill targets now selected by the geophysicist will confirm the potential overall dimensional size of this world-class magmatic Fe-Ti-V oxide deposit.
Historically, the horizon hosting the Iron-T Project had been covered by both regional airborne magnetic and electromagnetic INPUT MK VI surveys conducted in 1977. Regional magnetic data over the Iron T Project was acquired at a nominal lines spacing of 200 metres and a nominal mean terrain clearance of 125 metres. In addition, the western half of the Iron-T Vanadium-Titanium-Iron property had been covered by a regional airborne gradiometric survey carried out in 1984. Magnetic data was acquired at a nominal lines spacing of 300 metres and a nominal mean terrain clearance of 150 metres. These airborne magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background level and continuous in a WNW direction over the entire Iron-T Project claim assemblage.
The Iron-T Vanadium-Titanium-Iron Project is ideally located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provides housing, servicing, supplies, consumable and transport facilities including railway access for an efficient mining operation. The property is accessible via Matagami located approximately 780 km of Montreal, 250 km from Val d’Or and 185 km from Amos along regional highways. Matagami is accessible via Regional Highway 109 which links Amos to the Bay James Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town of Matagami. Access to the property itself is via all-weather gravel road N805 which links Lebel-sur-Quévillon to Matagami.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Director
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
http://www.apellaresources.com/news/2011/132-iron-t-survey-i…
Antwort auf Beitrag Nr.: 40.862.593 von Fritz777 am 14.01.11 13:41:01
Hallo Fritz,
Zu Iron-T gibt es ja glücklicherweise keine Rechtsungereimtheiten. Trotzdem sind beide Projekte natürlich noch mit einigen Unbekannten/Fragezeichen versehen. Ich denke, dass sie z.B., wahrs. für beide Projekte, noch mindestens einen "signifikanten" Anteil abgeben dürften -für eine Entwicklungspartnerschaft, JV o.ä. (würde mal auf 50% +/- 10 tippen).
Ich hab da noch eine Sache, die Dich auch interessieren könnte. Hast BM.
Gruß
P.
Hallo Fritz,
Zu Iron-T gibt es ja glücklicherweise keine Rechtsungereimtheiten. Trotzdem sind beide Projekte natürlich noch mit einigen Unbekannten/Fragezeichen versehen. Ich denke, dass sie z.B., wahrs. für beide Projekte, noch mindestens einen "signifikanten" Anteil abgeben dürften -für eine Entwicklungspartnerschaft, JV o.ä. (würde mal auf 50% +/- 10 tippen).
Ich hab da noch eine Sache, die Dich auch interessieren könnte. Hast BM.
Gruß
P.
Antwort auf Beitrag Nr.: 40.867.189 von Popeye82 am 15.01.11 03:21:46Hi Popeye
Hier ist auf jeden Fall noch einiges offen und soweit ich es verfolgt habe fehlt es dem bestehenden Management bis jetzt an Minenerfahrung.
Gerade dieser Umstand dürfte es hier notwendig machen einen erfahrenen Partner zu finden.
Aus diesem Blickwinkel betrachtet wurde bei Iron-T bis jetzt eine genügend große Ressource mit beachtlichem weiteren Potential erbohrt und nun sollte der richtige Partner gefunden werden, damit ein Zeitrahmen für die weiteren Schritte in Richtung Produktion erstellt werden kann.
An eine Produktionsreife nur aus eigener Kraft glaube ich persönlich nicht, das ist aber nur ein persönlicher Eindruck.
Ich vermute, das vor dem nächsten Schritt erst der Urteilsspruch bezüglich der verbleibenden Lac Dore Claims abzuwarten ist, damit Gewissheit besteht wie viele Claims Apella hier überhaupt besitzt, sofern von einem möglichen JV Partner eine Beteiligung an der gesamten Firma angestrebt wird.
Gruß Fritz
Hier ist auf jeden Fall noch einiges offen und soweit ich es verfolgt habe fehlt es dem bestehenden Management bis jetzt an Minenerfahrung.
Gerade dieser Umstand dürfte es hier notwendig machen einen erfahrenen Partner zu finden.
Aus diesem Blickwinkel betrachtet wurde bei Iron-T bis jetzt eine genügend große Ressource mit beachtlichem weiteren Potential erbohrt und nun sollte der richtige Partner gefunden werden, damit ein Zeitrahmen für die weiteren Schritte in Richtung Produktion erstellt werden kann.
An eine Produktionsreife nur aus eigener Kraft glaube ich persönlich nicht, das ist aber nur ein persönlicher Eindruck.
Ich vermute, das vor dem nächsten Schritt erst der Urteilsspruch bezüglich der verbleibenden Lac Dore Claims abzuwarten ist, damit Gewissheit besteht wie viele Claims Apella hier überhaupt besitzt, sofern von einem möglichen JV Partner eine Beteiligung an der gesamten Firma angestrebt wird.
Gruß Fritz
Redox Battery Inventor, Professor Maria Skyllas-Kazacos, Joins Apella's Advisory Board
1/24/2011 9:01:42 AM - Market Wire
http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn…
Gruß Fritz
1/24/2011 9:01:42 AM - Market Wire
http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn…
Gruß Fritz
anadium Miners Looking to Capitalize on New Markets
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Thu, Jan 27, 2011
Feature Articles
By Michael Montgomery—Exclusive to Vanadium Investing News
inShare0
The prices for vanadium have been rising since the bottom fell out of the world markets in 2008. The outlook for vanadium is healthy on the back of increasing steel demand and also because the use of vanadium in battery technology. The use of vanadium in batteries geared towards hybrid vehicles has tremendous growth potential, as well as its use in vanadium redox flow batteries. These batteries were highlighted in an article on Vanadium Investing News last week. Many mining juniors are actively pursuing new resources to capitalize on these new developments, in a market that has the potential to expand dramatically. Vanadium mining is a tricky business. The metal is never found in its metallic form, instead it occurs in tandem with over 150 various minerals, crude oil deposits, coal, tar sands, and also as a byproduct of uranium mining.
Apella Resources Inc. (CVE:APA) recently announced that one of the inventors of the redox flow battery is joining their advisory board. “Professor Skyllas-Kazacos is well known worldwide as the scientific researcher and pioneer who is credited with the invention of the Vanadium Redox Battery,” stated the press release. With the addition of Professor Skyllas-Kazacos the company is hoping to develop its Vanadium-Iron-Titanium assets for their use in battery technology. Apella’s two main properties are the Iron-T Vanadium Project and the Lac Dore Vanadium Project, both located in the province of Quebec, Canada.
Nevado Resources Corp. (CVE:VDO) recently started a drill program on their wholly owned Lac Le Blanche Iron-Titanium-Vanadium Project. “The drilling will test six of the seven recently discovered disseminated, semi-massive and massive iron and titanium oxides (magnetite-ilmenite) lenses found during the summer-fall 2010 surface exploration program,” stated the press release.
Nevado also recently announced the acquisition of a direct property interest of 100% of 928 active mining claims in the Fermont region of Quebec, Canada. The deal “will allow the Corporation to become an important player in the Fermont sector, which is well renowned for its iron ore deposits and is currently getting a lot of attention,” stated the press release.
Largo Resources Ltd. (CVE:LGO) announced it has signed letter of intent for four properties in Brazil. The properties are tungsten specific, but add value to this vanadium, tungsten and molybdenum miner. “The properties have interesting exploration potential and provide an opportunity to increase Largo’s tungsten reserve base within the Currais Novos District… Construction activities at Currais Novos have commenced and are continuing as scheduled for the recovery of tungsten from mine tailings with initial production set to begin by July 2011,” stated the press release.
Largo Resources also announced the appointment of Les Ford to run their Brazilian operations. “Les has over 40 years of experience constructing, developing and producing vanadium projects, Mr. Ford is one of the world’s foremost experts in vanadium,” stated the press release. Following these announcements, Largo’s share price hit a new year high of $0.495, up from $0.18 six months ago. The companies main vanadium asset is their Maracas Mine in Brazil.
“Maracas is one of the most obvious mines that you’re ever going to see. It’s a good, straightforward project. The vanadium is effectively contained in iron ore in magnetite. It’s very easy to just grind that and magnetically separate it from the other materials,” said Byron Capital Market analyst, Jon Hykawy.
With the addition of the properties, the appointment of Les Ford, and the company’s massive Northern Dance molybdenum asset, Largo Resources is making noise in the industry.
email Email Print Print
Thu, Jan 27, 2011
Feature Articles
By Michael Montgomery—Exclusive to Vanadium Investing News
inShare0
The prices for vanadium have been rising since the bottom fell out of the world markets in 2008. The outlook for vanadium is healthy on the back of increasing steel demand and also because the use of vanadium in battery technology. The use of vanadium in batteries geared towards hybrid vehicles has tremendous growth potential, as well as its use in vanadium redox flow batteries. These batteries were highlighted in an article on Vanadium Investing News last week. Many mining juniors are actively pursuing new resources to capitalize on these new developments, in a market that has the potential to expand dramatically. Vanadium mining is a tricky business. The metal is never found in its metallic form, instead it occurs in tandem with over 150 various minerals, crude oil deposits, coal, tar sands, and also as a byproduct of uranium mining.
Apella Resources Inc. (CVE:APA) recently announced that one of the inventors of the redox flow battery is joining their advisory board. “Professor Skyllas-Kazacos is well known worldwide as the scientific researcher and pioneer who is credited with the invention of the Vanadium Redox Battery,” stated the press release. With the addition of Professor Skyllas-Kazacos the company is hoping to develop its Vanadium-Iron-Titanium assets for their use in battery technology. Apella’s two main properties are the Iron-T Vanadium Project and the Lac Dore Vanadium Project, both located in the province of Quebec, Canada.
Nevado Resources Corp. (CVE:VDO) recently started a drill program on their wholly owned Lac Le Blanche Iron-Titanium-Vanadium Project. “The drilling will test six of the seven recently discovered disseminated, semi-massive and massive iron and titanium oxides (magnetite-ilmenite) lenses found during the summer-fall 2010 surface exploration program,” stated the press release.
Nevado also recently announced the acquisition of a direct property interest of 100% of 928 active mining claims in the Fermont region of Quebec, Canada. The deal “will allow the Corporation to become an important player in the Fermont sector, which is well renowned for its iron ore deposits and is currently getting a lot of attention,” stated the press release.
Largo Resources Ltd. (CVE:LGO) announced it has signed letter of intent for four properties in Brazil. The properties are tungsten specific, but add value to this vanadium, tungsten and molybdenum miner. “The properties have interesting exploration potential and provide an opportunity to increase Largo’s tungsten reserve base within the Currais Novos District… Construction activities at Currais Novos have commenced and are continuing as scheduled for the recovery of tungsten from mine tailings with initial production set to begin by July 2011,” stated the press release.
Largo Resources also announced the appointment of Les Ford to run their Brazilian operations. “Les has over 40 years of experience constructing, developing and producing vanadium projects, Mr. Ford is one of the world’s foremost experts in vanadium,” stated the press release. Following these announcements, Largo’s share price hit a new year high of $0.495, up from $0.18 six months ago. The companies main vanadium asset is their Maracas Mine in Brazil.
“Maracas is one of the most obvious mines that you’re ever going to see. It’s a good, straightforward project. The vanadium is effectively contained in iron ore in magnetite. It’s very easy to just grind that and magnetically separate it from the other materials,” said Byron Capital Market analyst, Jon Hykawy.
With the addition of the properties, the appointment of Les Ford, and the company’s massive Northern Dance molybdenum asset, Largo Resources is making noise in the industry.
Developing Vanadium Production in North America
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Wed, Feb 23, 2011
Feature Articles
By Damon van der Linde – Exclusive to Vanadium Investing News
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There are currently no primary producing vanadium mines in either the United States or Canada despite the fact that the continent contains significant deposits of the mineral. This means that at the moment, this critical material for both the steel industry and a growing renewable energy market must be imported from overseas. Now, this could change, with plans for mining to start in North America as early as 2012.
“We in North America are 100 percent reliant on this critical metal,” said Chris Berry, Founder of House Mountain Partners, LLC and researcher of junior mining and resource stocks, the commodity and energy space, as well as geopolitical relationship between emerging and developed economies. “[Vanadium] is critical to infrastructure, and critical to the quality of life that we have become accustomed to in North America.”
Vanadium is mined mostly in South Africa, north-western China, and eastern Russia. In 2010 more than 95 percent of the more than 56,000 tons of vanadium produced was mined in these three countries. China led in global production with more than 23,000 tons, but it is also the largest consumer.
“China produces 40 percent of global vanadium right now and they’re consuming about half of that,” said Berry. “To me, says it’s a profoundly tight market out there.”
There has been historical vanadium production in North America, and there are several companies looking to start extracting the mineral once again. American Vanadium is now developing their Gibellini project in Nevada, which is looking to be the first vanadium mine in the US.
“Now that the Gibellini is solidly tracking towards delivery of a feasibility study mid 2011 and production at the end of 2012, we are now focusing on adding a substantial resource on the five other vanadium occurrences on our 6,600 acres,” said Bill Radvak, President and CEO of American Vanadium in a press release issued February 17, 2011.
In addition to producing vanadium, American Vanadium says it ultimately wants to get into the vanadium battery business so that they can set up a supply chain and along its different parts.
Approximately 85 percent of vanadium produced is used as a steel additive. Vanadium forms stable nitrides and carbides, resulting in a significant increase in the strength of the steel. Another growing use of vanadium is in rechargeable vanadium redox battery, which can be used both in large power grid applications and are currently being developed for electric vehicles.
By far, North America’s largest deposit of vanadium is in Quebec, which at an estimated 5.5 billion lbs is the world’s second largest known deposit. Berry says he is currently focused on Quebec-based vanadium mining by Apella Resources (CVE:APA), which is currently working on two polymetalic mining projects, extracting titanium and iron ore along with vanadium.
“Quebec has good infrastructure and a potentially extraordinarily large deposit, so I would say this is one you would certainly want to keep an eye on in terms of near-term North American vanadium producers,” said Berry.
Berry says that once Canada and the United States begin extracting vanadium, much of it will likely be exported because North America’s markets are growing slower than nations with emerging markets like China and India.
“Because there’s no domestic production of vanadium I could see certainly getting to a point whether either Canada or the United States or some sort of consortium but we create a domestic stockpile of some of these critical elements. You don’t want to be 100 percent reliant on something from China, or anybody for that matter.”
email Email Print Print
Wed, Feb 23, 2011
Feature Articles
By Damon van der Linde – Exclusive to Vanadium Investing News
inShare0
There are currently no primary producing vanadium mines in either the United States or Canada despite the fact that the continent contains significant deposits of the mineral. This means that at the moment, this critical material for both the steel industry and a growing renewable energy market must be imported from overseas. Now, this could change, with plans for mining to start in North America as early as 2012.
“We in North America are 100 percent reliant on this critical metal,” said Chris Berry, Founder of House Mountain Partners, LLC and researcher of junior mining and resource stocks, the commodity and energy space, as well as geopolitical relationship between emerging and developed economies. “[Vanadium] is critical to infrastructure, and critical to the quality of life that we have become accustomed to in North America.”
Vanadium is mined mostly in South Africa, north-western China, and eastern Russia. In 2010 more than 95 percent of the more than 56,000 tons of vanadium produced was mined in these three countries. China led in global production with more than 23,000 tons, but it is also the largest consumer.
“China produces 40 percent of global vanadium right now and they’re consuming about half of that,” said Berry. “To me, says it’s a profoundly tight market out there.”
There has been historical vanadium production in North America, and there are several companies looking to start extracting the mineral once again. American Vanadium is now developing their Gibellini project in Nevada, which is looking to be the first vanadium mine in the US.
“Now that the Gibellini is solidly tracking towards delivery of a feasibility study mid 2011 and production at the end of 2012, we are now focusing on adding a substantial resource on the five other vanadium occurrences on our 6,600 acres,” said Bill Radvak, President and CEO of American Vanadium in a press release issued February 17, 2011.
In addition to producing vanadium, American Vanadium says it ultimately wants to get into the vanadium battery business so that they can set up a supply chain and along its different parts.
Approximately 85 percent of vanadium produced is used as a steel additive. Vanadium forms stable nitrides and carbides, resulting in a significant increase in the strength of the steel. Another growing use of vanadium is in rechargeable vanadium redox battery, which can be used both in large power grid applications and are currently being developed for electric vehicles.
By far, North America’s largest deposit of vanadium is in Quebec, which at an estimated 5.5 billion lbs is the world’s second largest known deposit. Berry says he is currently focused on Quebec-based vanadium mining by Apella Resources (CVE:APA), which is currently working on two polymetalic mining projects, extracting titanium and iron ore along with vanadium.
“Quebec has good infrastructure and a potentially extraordinarily large deposit, so I would say this is one you would certainly want to keep an eye on in terms of near-term North American vanadium producers,” said Berry.
Berry says that once Canada and the United States begin extracting vanadium, much of it will likely be exported because North America’s markets are growing slower than nations with emerging markets like China and India.
“Because there’s no domestic production of vanadium I could see certainly getting to a point whether either Canada or the United States or some sort of consortium but we create a domestic stockpile of some of these critical elements. You don’t want to be 100 percent reliant on something from China, or anybody for that matter.”
Antwort auf Beitrag Nr.: 41.102.908 von mickefett am 24.02.11 21:11:51Hi mickefett
Trading Halt
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…
Gruß Fritz
Trading Halt
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…
Gruß Fritz
Antwort auf Beitrag Nr.: 41.167.295 von Fritz777 am 08.03.11 20:46:06Apella Wins Landmark Lac Dore Decision; Lac Dore Vanadium-Iron-Titanium Deposit
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…
Gruß Fritz
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…
Gruß Fritz
Mal ne kleine Zusammenfassung:
http://www.theaureport.com/pub/co/2113
DESCRIPTION: Apella Resources owns significant vanadium assets in North America and perhaps the largest combined resource of vanadium in the world. The company also owns an unparalleled portfolio of world-class vanadium-titanium-iron projects. Apella's main projects are located in the Canadian province of Quebec.
WEBSITE: http://www.apellaresources.com/
Technical Report (8/27/10) Vanadium's Turbocharged Future (10/7/10) Vanadium Presentation (3/24/11)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
--------------------------------------------------------------------------------
Related Quotes
The Gold Report Interview with Siddharth Rajeev (03/07/11) "There's a company called Apella Resources based out of Vancouver. It's exploring for vanadium and titanium in central Quebec. Its Iron-T property has a resource of 11.6 Mt. inferred and 0.73% vanadium oxide Eq. But this resource estimate covers only a small portion of the known mineral-bearing complex. We feel that the company can significantly increase the resource outside of the current resource area."
The Gold Report Interview with Michael and Chris Berry (01/24/11) "[Apella] has an inferred resource that's getting bigger as the company continues to drill. . .If Apella can keep moving forward and drilling, it will be one of the few companies with a major North American vanadium deposit to keep your eye on."
Siddharth Rajeev, Fundamental Research Corp. (11/03/10) "An initial resource estimate calculated for the Iron-T property states 11.63 million tons inferred grading 0.73% V2O5 Eq. . .This initial resource estimate covers only a small portion of the known mineral-bearing complex; we anticipate that additional drilling, both in-fill and step-out, will significantly increase the tonnage of the estimate."
http://www.theaureport.com/pub/co/2113
DESCRIPTION: Apella Resources owns significant vanadium assets in North America and perhaps the largest combined resource of vanadium in the world. The company also owns an unparalleled portfolio of world-class vanadium-titanium-iron projects. Apella's main projects are located in the Canadian province of Quebec.
WEBSITE: http://www.apellaresources.com/
Technical Report (8/27/10) Vanadium's Turbocharged Future (10/7/10) Vanadium Presentation (3/24/11)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
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Related Quotes
The Gold Report Interview with Siddharth Rajeev (03/07/11) "There's a company called Apella Resources based out of Vancouver. It's exploring for vanadium and titanium in central Quebec. Its Iron-T property has a resource of 11.6 Mt. inferred and 0.73% vanadium oxide Eq. But this resource estimate covers only a small portion of the known mineral-bearing complex. We feel that the company can significantly increase the resource outside of the current resource area."
The Gold Report Interview with Michael and Chris Berry (01/24/11) "[Apella] has an inferred resource that's getting bigger as the company continues to drill. . .If Apella can keep moving forward and drilling, it will be one of the few companies with a major North American vanadium deposit to keep your eye on."
Siddharth Rajeev, Fundamental Research Corp. (11/03/10) "An initial resource estimate calculated for the Iron-T property states 11.63 million tons inferred grading 0.73% V2O5 Eq. . .This initial resource estimate covers only a small portion of the known mineral-bearing complex; we anticipate that additional drilling, both in-fill and step-out, will significantly increase the tonnage of the estimate."
Global Mining Finance - GMF ´11; 5th E - Nov10
- Rupert Birch, Daniel Kaye, Jodi Hackett, Silvia Crompton, Deniz K., Özgür Ergüney, Brendan Ryan, Tim Treadgold, Helen Castell, Silvia Santacruz, Dorothy Waldeman, Virginia Heffernan -
www.globalminingfinance.com/documents/gmf-2011.pdf
- Rupert Birch, Daniel Kaye, Jodi Hackett, Silvia Crompton, Deniz K., Özgür Ergüney, Brendan Ryan, Tim Treadgold, Helen Castell, Silvia Santacruz, Dorothy Waldeman, Virginia Heffernan -
www.globalminingfinance.com/documents/gmf-2011.pdf
Antwort auf Beitrag Nr.: 41.330.064 von Popeye82 am 06.04.11 19:55:24
falscher Thread, die hier:
Apella Resources Inc.: Drilling Commences; Iron-T Vanadium-Iron-Titanium Project - Apr 6, 2011
www.marketwire.com/press-release/Apella-Resources-Inc-Drilli…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 5, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that it has now commenced Phase 4 of diamond drilling on the Iron-T Vanadium-Iron-Titanium Project in Quebec, Canada. The program is a 2,300 metre (7,545 feet), 23-hole initial portion of Apella's planned overall 20,000 metre (65.616 feet) Phase 4 program, the balance of which will follow after review of the current results. This program follows the 39 holes of highly successful drilling previously carried out by Apella on the Genesis Zone on the Iron-T Project. The Phase 4 program will involve a series of in-fill drilling as well as a number of holes to test the 22.5 km strike of the Iron-T anomaly to the western-most boundary. Phase 4 will build on the very positive findings and drill results received during the Phase 1, 2 and 3 drill programs. Apella released its very positive results from Phase 1, 2 and 3 drill campaigns on the Genesis Zone in a series of news releases disseminated between December 15th, 2009 and August 2010.
Phase 4 drilling will include:
1) a number of in-fill drill holes on the Genesis Zone for the purpose of increasing the potential tonnage calculations and upgrade of the present inferred mineralization,
2) step-out drill holes to increase Apella's knowledge of some of the isolated mag anomalies,
3) step-out drilling along the entire strike of the project to the western-most boundary to identify the economic extensions of the identified, significantly mineralized body. For the majority of the planned Phase 4 drill-holes the azimuth will be 320 and at -50°. The current portion of Phase 4 will bring the total number of holes drilled by Apella on the Iron-T to approximately 52 holes. Once Apella completes all of the holes it plans for the entire Phase 4 campaign the total number of holes drilled on the Iron-T by Apella should be in the range of 148.
Apella notes that unanticipated such a monopolistic or oligopolistic pricing (e.g. export quotas such as with China), geopolitics such as with South Africa and Russia, and natural disasters such as recent devastating earthquakes in Japan and China – all play a role in affecting physical and financial parameters for Vanadium in the marketplace. Apella anticipates that these issues are going to have a bullish affect on the demand-side economics for Vanadium supplies located elsewhere, like Quebec, in the near and mid-term.
Vanadium: is a strategic metal and is used in the production of high-quality metal alloys, like strengthened steel, because of its property as an active grain refiner and as a strong deoxidant and can impart strength, hardness and wear resistance to steels. The vanadium industry is relatively new and new uses are continually being discovered for the metal. Following are the a number of the main uses of vanadium by various industries: iron and steel, high-strength steels, full alloy steels, tool steels, carbon steels, stainless and heat resistant steels, cast irons, titanium alloys, superalloys and hard-facing alloys, aerospace engines and airframe materials. The above are addition to the new and potential applications for the Renewable and Clean Energy sectors, battery sectors, and the electric vehicle sectors.
Iron-T Project – Bell River Complex:
The Bell River Complex which hosts the Iron-t may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world's most significant source of Vanadium at present. At the Iron-T the Vanadium rich horizons are well defined on the ground and in aeromagnetic surveys by their highly magnetic susceptibilities. Apella anticipates that at the Iron-T near Matagami the potential is excellent to substantially exceed the known mineralization of its Lac Dore deposit at Chibougamau.
Lac Dore Project – Lac Dore Complex:
"The Lake Doré Complex is a Bushveld-type Archean layered mafic intrusion (Allard, 1976) located some 250 km due east of Matagami in the Chibougamau mining camp. The Lake Doré Complex is the most advanced project and the largest vanadium deposit in North America. It shows a geological setting and vanadiferous mineralization similar to the Bell River Complex. The Lake Doré Complex is 5 to 7 km in thickness and has been subdivided into three main units from base to top: The Lower Serie including the Anorthosite Zone; the Layered Serie; and the Upper Serie which includes the Granophyre and the Border Zone (Daigneault and Allard, 1990). The mineralized zones form a 50 to 200 m thick sequence within the Layered Serie. The sequence comprises ferrogabbro, ferropyroxenite and magnetite and hosts the highest grades of vanadium mineralization. Mineralized oxide horizons are also characterized by heterogeneous and rhythmic distribution within the Layered Serie (Taner, Ercit and Gault, 1998) and a gradual upward decrease of vanadium content and gradual upward increase of ilmenite (Daigneault and Allard, 1990). The magnetite horizons vary from 50 to 200 m in thickness and extend for 16 km along strike as inferred from airborne magnetic data. The Lake Doré Vanadium deposit is estimated to 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at 0.65% V2O5 (Girard and Allard, 1998)."
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates. "
falscher Thread, die hier:
Apella Resources Inc.: Drilling Commences; Iron-T Vanadium-Iron-Titanium Project - Apr 6, 2011
www.marketwire.com/press-release/Apella-Resources-Inc-Drilli…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 5, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that it has now commenced Phase 4 of diamond drilling on the Iron-T Vanadium-Iron-Titanium Project in Quebec, Canada. The program is a 2,300 metre (7,545 feet), 23-hole initial portion of Apella's planned overall 20,000 metre (65.616 feet) Phase 4 program, the balance of which will follow after review of the current results. This program follows the 39 holes of highly successful drilling previously carried out by Apella on the Genesis Zone on the Iron-T Project. The Phase 4 program will involve a series of in-fill drilling as well as a number of holes to test the 22.5 km strike of the Iron-T anomaly to the western-most boundary. Phase 4 will build on the very positive findings and drill results received during the Phase 1, 2 and 3 drill programs. Apella released its very positive results from Phase 1, 2 and 3 drill campaigns on the Genesis Zone in a series of news releases disseminated between December 15th, 2009 and August 2010.
Phase 4 drilling will include:
1) a number of in-fill drill holes on the Genesis Zone for the purpose of increasing the potential tonnage calculations and upgrade of the present inferred mineralization,
2) step-out drill holes to increase Apella's knowledge of some of the isolated mag anomalies,
3) step-out drilling along the entire strike of the project to the western-most boundary to identify the economic extensions of the identified, significantly mineralized body. For the majority of the planned Phase 4 drill-holes the azimuth will be 320 and at -50°. The current portion of Phase 4 will bring the total number of holes drilled by Apella on the Iron-T to approximately 52 holes. Once Apella completes all of the holes it plans for the entire Phase 4 campaign the total number of holes drilled on the Iron-T by Apella should be in the range of 148.
Apella notes that unanticipated such a monopolistic or oligopolistic pricing (e.g. export quotas such as with China), geopolitics such as with South Africa and Russia, and natural disasters such as recent devastating earthquakes in Japan and China – all play a role in affecting physical and financial parameters for Vanadium in the marketplace. Apella anticipates that these issues are going to have a bullish affect on the demand-side economics for Vanadium supplies located elsewhere, like Quebec, in the near and mid-term.
Vanadium: is a strategic metal and is used in the production of high-quality metal alloys, like strengthened steel, because of its property as an active grain refiner and as a strong deoxidant and can impart strength, hardness and wear resistance to steels. The vanadium industry is relatively new and new uses are continually being discovered for the metal. Following are the a number of the main uses of vanadium by various industries: iron and steel, high-strength steels, full alloy steels, tool steels, carbon steels, stainless and heat resistant steels, cast irons, titanium alloys, superalloys and hard-facing alloys, aerospace engines and airframe materials. The above are addition to the new and potential applications for the Renewable and Clean Energy sectors, battery sectors, and the electric vehicle sectors.
Iron-T Project – Bell River Complex:
The Bell River Complex which hosts the Iron-t may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world's most significant source of Vanadium at present. At the Iron-T the Vanadium rich horizons are well defined on the ground and in aeromagnetic surveys by their highly magnetic susceptibilities. Apella anticipates that at the Iron-T near Matagami the potential is excellent to substantially exceed the known mineralization of its Lac Dore deposit at Chibougamau.
Lac Dore Project – Lac Dore Complex:
"The Lake Doré Complex is a Bushveld-type Archean layered mafic intrusion (Allard, 1976) located some 250 km due east of Matagami in the Chibougamau mining camp. The Lake Doré Complex is the most advanced project and the largest vanadium deposit in North America. It shows a geological setting and vanadiferous mineralization similar to the Bell River Complex. The Lake Doré Complex is 5 to 7 km in thickness and has been subdivided into three main units from base to top: The Lower Serie including the Anorthosite Zone; the Layered Serie; and the Upper Serie which includes the Granophyre and the Border Zone (Daigneault and Allard, 1990). The mineralized zones form a 50 to 200 m thick sequence within the Layered Serie. The sequence comprises ferrogabbro, ferropyroxenite and magnetite and hosts the highest grades of vanadium mineralization. Mineralized oxide horizons are also characterized by heterogeneous and rhythmic distribution within the Layered Serie (Taner, Ercit and Gault, 1998) and a gradual upward decrease of vanadium content and gradual upward increase of ilmenite (Daigneault and Allard, 1990). The magnetite horizons vary from 50 to 200 m in thickness and extend for 16 km along strike as inferred from airborne magnetic data. The Lake Doré Vanadium deposit is estimated to 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at 0.65% V2O5 (Girard and Allard, 1998)."
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates. "
http://www.theaureport.com/pub/na/9176
JL: We are always looking at companies in this space, but we don't officially have coverage on other vanadium names. Two vanadium names out there include American Vanadium Corp. (TSX.V:AVC) and Apella Resources Inc. (TSX.V:APA; Fkft:NWN).
Apella Resources has a magnetite type much like Largo, but the grade is much lower, around 0.40%. There might be some problems with it being economically viable because the grade is lower. Apella has an iron-vanadium-titanium deposit. As a standalone vanadium deposit, it might be tough, but it might work as something more like an iron-vanadium-titanium project.
Auszug:
JL: We are always looking at companies in this space, but we don't officially have coverage on other vanadium names. Two vanadium names out there include American Vanadium Corp. (TSX.V:AVC) and Apella Resources Inc. (TSX.V:APA; Fkft:NWN).
Apella Resources has a magnetite type much like Largo, but the grade is much lower, around 0.40%. There might be some problems with it being economically viable because the grade is lower. Apella has an iron-vanadium-titanium deposit. As a standalone vanadium deposit, it might be tough, but it might work as something more like an iron-vanadium-titanium project.
Auszug:
Antwort auf Beitrag Nr.: 41.343.749 von Eskobar69 am 09.04.11 10:24:45Habe ein wie ich finde interessantes Posting von pickeral auf SH gefunden und denke das könnte auch für andere Investoren lesenswert sein.
Power Vanadium
My answer on Power Vanadium.
It seems that with my health problems, I have a lot less patience these days and so I want to say as little as possible about any topic and just make a simple point. Simple statements are sometimes very complex and so not so simple, as it takes some understanding on the issues I am referring to (such as: The $100 billion resource; Soquem is out to lunch or the White Knight). So I will go into my issue of Power Vanadium for now. This may look like a long explanation, but it is so much more complex than I have time to give it. I will start way back on why I think this issue came up, and try and keep it very simple, even if there are lots of other curves to this answer.
Some of my statements and beliefs come from my own observations from studying Apella for a number of years and some from what has been told to me by Apella. To understand this issue you must start way back and understand why this avenue was pursued by management. I had some discussion with APA way back when this issue first came up, as they were looking for ways to raise financing with the least negative impact on the shareholders.
As anyone who follows the junior mining companies (Junior(s)) is aware, most Juniors start with little or no financial resources. They raise the money needed for exploration by way of issuing shares to those who are considered “accredited investors” (for simplicity purposes - accredited investors are those who have $1 million in assets). These “accredited investors” are sometimes part of a “pro group” or an insider of the company (management) and I will leave it at that. Now, from my perspective, I consider this group as the “middle investor” (not to be confused with the “small investor” - those who are only able to buy through the market or the “big boys” - companies who have very large market caps.)
Normally, before the “middle investor” buys into a Junior, they research the company’s viability using news found usually on the company’s webpage or from reports filed on Sedar. If called, most companies are happy to expand on the details covered in news releases, etc in order for the prospective investor to have a better understanding of their company. (Of course, there are some exceptions. Some companies who know the caller has a history of misconstruing information, will not speak to them. I can’t remember which ones, as I deal in over 50 companies).
The more money a Junior needs to raise, the more middle investors are approached and the more shares the company has to issue. These shares are issued by way of a Financing or Private Placement (PP).
The government has a set of rules by which a company can entice Middle Investors to purchase shares through a Private Placement by allowing some perks. Two of the most common perks are: The shares are set at a price lower than the current market price and the warrants are priced higher than the current market price but have a date to exercise them in the future. (The advantage of the warrant being realized if the market share price is higher than the exercise price of the warrant at the time the warrant is exercised.) If there was no advantage to participating in a PP, the middle investor would just buy their shares on the market resulting in the company having no funds to bring the resource to maturity. One of the disadvantages for the “middle investor” is a trade restriction of 4 months from issue of the PP (that one point I have written on before on how the little investor can make big $ understanding that one).
So, for a junior to raise funds to keep drilling, prove up a resource, purchase property and pay management etc. they must issue more shares. If a company has 100 million shares out and its trading at .25, the value (or “market cap) of the company is said to be $25 million. Now if the junior needs money and they issue another 100 million shares and when the new shares are tradable (after 4 months), the shares trade at .125, all shareholders lose money but the value of the company still stays at a $25 million market cap (200 million shares at .125). If the company with the issue of the new shares brings the project to fuller maturity and the shares stay the same at .25 the value of the company goes up to $50 million, but the new shareholders and the original shareholders make nothing as the shares are still trading at .25. Now if a company can issue 100 million new shares and they prove a resource and the shares go to say .50, you now have 200 million shares out and the market cap of the company is now $100 million. So there is this balancing act of issuing new shares that bring money into the company and producing something of value that the market can see. Shareholders can realize large gains with those successful mining companies that started as Juniors and proved up a resource with the money that was raised through private placements. If the market does not see an increased value, all shareholders lose both the small investor and the middle investor alike.
Management that’s concerned about dilution, attempt to raise funds by whatever other means they can in order not to dilute the shares away. One of the methods used to avoid some of that dilution is by joint venturing. This is where two companies are involved in proving up a resource with one usually having a larger percent than the other, thereby having the controlling interest, and the other having faith in the agreement of the one who has the majority. Unfortunately, I have seen some good properties go to waste where the joint venture partners were not able to raise the funds to fulfill their part of the obligation. Tueton comes to mind where the joint venture partners did not fulfill their part of the obligation and lost their right to work on the property. For the sake of argument, a joint venture partnership is still a dilution (this has been alluded to by others as well) and is only successful when the money raised results in the company proving up something and the potential resources becomes more mature.
Now we come to Apella. They have a problem. They have been issuing news since the staking of the claims in 2007. For instance, this news out in February 2010 put out by Metals Place dated Feb 17th titled Apella to develop America’s largest vanadium deposits states: “Scratch at the surface at either of Apella Resources’ major vanadium/titanium/iron projects in Quebec and just a few centimeters down, under the moss and topsoil, you will find vanadium-titanium-iron mineralization. Five and a half billion pounds of Vanadium alone at the Lac Dore deposit which is majority-controlled by Apella….” http://metalsplace.com/news/articles/33003/apella-to-develop…
This means that if you have 5 billion pounds at $6/lb it is worth $30 billion by my math. And what does the stock price do – it yawns. If this was a gold or silver stock, the share price would climb exponentially. So the big problem is not that the word is not out, the problem is the average North American investor does not understand the potential of what this company already has.
The problem for management is my estimated $50 million to bring the resources to bankable feasibility at .25. If the company issues $5 million dollars worth of shares, the stock is diluted and if the North American market does not absorb the shares at the same or higher prices, then the price goes down and then what do you do. The small and middle investors lose money and by the time you get the $50 million raised, years will have passed.
So management tries to come up with a creative solution. If they can find some big boys to put up big dollars immediately for thirty percent (40%) of the resource (This is not a typing error. When I spoke to Apella in 2009 this was the percent they wanted but I thought that would take a miracle.) with Apella holding the other 70%, then the North American market may take notice and do some revaluating and realize that Apella’s shares are way undervalue.
The big boys would own 30% of the resource and the shares would probably not be tradable in the new company. The marketing for the shares in this resource would be through Apella’s 70% ownership. If the big boys put up millions of dollars for an asset you can be sure they are not going to want their shares diluted away. The middle and small investors will own 70% through the tradable shares of Apella Resources. Now in my opinion, for the big boys to put up this kind of money for such a small percent of the resource it would take a miracle and so I look at the big investor who comes along and invests in PV as a white knight to the shareholders of APA. So on speculation, who are the potential white knights? They are the big boys who are billion dollar market cap companies, not the small or middle investors. The one that comes to mind, (who may or may not be looking at PV) I wrote about some years back. They are the guys who tried to corner the vanadium market and had their wrists slapped by the European Commission and they had to back off but they still hold a major interest in world vanadium. (see: http://johnhelmer.net/?p=324 ) They own the largest vanadium resources in the world, the South African one and stakes in their country. Others could be the Asians or major European companies (notice: none of the white knights I’ve consider are North American). The only North American identity that could raise the money to get into this (and I hope they don’t) is the Quebec government by way of Soquem. (Just a note on Soquem: the only way Soquem is going to have any kind of major interest in this resource is through PV.)
So what happens, the market starts to hear misleading rumours that I don’t think are true, that Apella is giving away the resource to insiders (blah, blah, blah), all sorts of rumors come out and the stock starts to tank and Apella issues a corporate update that they have set aside PV.
(April 8, 2010 http://www.apellaresources.com/news/2010/103-corporate-updat… ) The reason they set it aside is that management and insiders’ only interest is the shares they hold in Apella. Apella is the trading arm. PV would be the arm to raise money to develop APA and at the same time give something to the big boys that is palatable for them to put the big bucks up. Again to reiterate, the big boys would own only 30% of the resource while APA still had the controlling 70%.
(To clarify one other point: On the percent that Apella has of the Lac Dore (read the March 8th news http://www.apellaresources.com/news/2011/135-apella-wins-lan… ) it clearly states that they own 95% of the deposit of the original McKenzie Bay feasibility study – which means if you go to the maps on their webpage (http://www.apeallaresources.com/projects/lac-dore-vanadium-p… ) the red outline is the original 21 claims of this resource, you can see the shadow of the claims held by Soquem are just on the edge of those claims. So back to my claim, Soquem is out to lunch. The resource on a claim doesn’t sit on every claim equally, it could be a quarter of the claim as it runs through it or it could be half of the claim – so conclusion on this would be Soquem can sit on their 5% forever and it would never be necessary to develop it.)
Now with regards to the “$100 billion dollar resource” statement by me; if Lac Dore has 5.5 billion pounds of resource (as per many news item quotes) (November 17, 2009 http://www.apellaresources.com/news/2009/78-apella-forms-van… ) and the Iron T is quoted as being larger, the big question is how much larger. That will take time to prove. But for speculation, you can look at the Lac Dore claims and the original 21 claims is only 3 km long and then you look at the Iron T and look at the length of it (22 km) – you can see that it is over twice as long. (see: http://www.apellaresources.com/images/stories/maps/iron-t/CL… )
So let’s back track. So maybe I am too conservative, the Iron T is worth only $71 billion and the Lac Dore and the Iron T together may be only worth 101 billion – what’s a few billion here and there. My speculations come from the drill cores to-date, the news (Apr 5, 2011 – to test the 22 km length of the Iron T anomaly - they already have the imaging for this) and surface deduction – the resource is visible on surface.
In conclusion, the North American investor does not recognize the size and value of this resource. The offshore market will recognize this value and as small investors in APA, our very best outlook would be for a white knight to come in and put big dollars up and take this to bankable feasibility. This is my personal opinion and I seem to have everyone disagreeing with me which is fine but at least I will have put my points up.
To answer some questions that have been thrown at me, do I know something that is not current news – no. Has APA scrapped the PV deal – read the news – they sure have and I think it was a big mistake, but I am sure if an investor came along and only wanted 30% of the resource and would put the big dollars in to take it to bank feasibility it would be the best thing for shareholders and they would probably reinstate the PV. Do I have an ulterior motive – yes, I am a small investor in APA and feel that their integrity has been unfairly questioned. Because of this, I want to reply to the many misdirected comments and understandings regarding APA, from my point of view.
As always, JIMHO (Just in my humble opinion)
Gruß Fritz
Power Vanadium
My answer on Power Vanadium.
It seems that with my health problems, I have a lot less patience these days and so I want to say as little as possible about any topic and just make a simple point. Simple statements are sometimes very complex and so not so simple, as it takes some understanding on the issues I am referring to (such as: The $100 billion resource; Soquem is out to lunch or the White Knight). So I will go into my issue of Power Vanadium for now. This may look like a long explanation, but it is so much more complex than I have time to give it. I will start way back on why I think this issue came up, and try and keep it very simple, even if there are lots of other curves to this answer.
Some of my statements and beliefs come from my own observations from studying Apella for a number of years and some from what has been told to me by Apella. To understand this issue you must start way back and understand why this avenue was pursued by management. I had some discussion with APA way back when this issue first came up, as they were looking for ways to raise financing with the least negative impact on the shareholders.
As anyone who follows the junior mining companies (Junior(s)) is aware, most Juniors start with little or no financial resources. They raise the money needed for exploration by way of issuing shares to those who are considered “accredited investors” (for simplicity purposes - accredited investors are those who have $1 million in assets). These “accredited investors” are sometimes part of a “pro group” or an insider of the company (management) and I will leave it at that. Now, from my perspective, I consider this group as the “middle investor” (not to be confused with the “small investor” - those who are only able to buy through the market or the “big boys” - companies who have very large market caps.)
Normally, before the “middle investor” buys into a Junior, they research the company’s viability using news found usually on the company’s webpage or from reports filed on Sedar. If called, most companies are happy to expand on the details covered in news releases, etc in order for the prospective investor to have a better understanding of their company. (Of course, there are some exceptions. Some companies who know the caller has a history of misconstruing information, will not speak to them. I can’t remember which ones, as I deal in over 50 companies).
The more money a Junior needs to raise, the more middle investors are approached and the more shares the company has to issue. These shares are issued by way of a Financing or Private Placement (PP).
The government has a set of rules by which a company can entice Middle Investors to purchase shares through a Private Placement by allowing some perks. Two of the most common perks are: The shares are set at a price lower than the current market price and the warrants are priced higher than the current market price but have a date to exercise them in the future. (The advantage of the warrant being realized if the market share price is higher than the exercise price of the warrant at the time the warrant is exercised.) If there was no advantage to participating in a PP, the middle investor would just buy their shares on the market resulting in the company having no funds to bring the resource to maturity. One of the disadvantages for the “middle investor” is a trade restriction of 4 months from issue of the PP (that one point I have written on before on how the little investor can make big $ understanding that one).
So, for a junior to raise funds to keep drilling, prove up a resource, purchase property and pay management etc. they must issue more shares. If a company has 100 million shares out and its trading at .25, the value (or “market cap) of the company is said to be $25 million. Now if the junior needs money and they issue another 100 million shares and when the new shares are tradable (after 4 months), the shares trade at .125, all shareholders lose money but the value of the company still stays at a $25 million market cap (200 million shares at .125). If the company with the issue of the new shares brings the project to fuller maturity and the shares stay the same at .25 the value of the company goes up to $50 million, but the new shareholders and the original shareholders make nothing as the shares are still trading at .25. Now if a company can issue 100 million new shares and they prove a resource and the shares go to say .50, you now have 200 million shares out and the market cap of the company is now $100 million. So there is this balancing act of issuing new shares that bring money into the company and producing something of value that the market can see. Shareholders can realize large gains with those successful mining companies that started as Juniors and proved up a resource with the money that was raised through private placements. If the market does not see an increased value, all shareholders lose both the small investor and the middle investor alike.
Management that’s concerned about dilution, attempt to raise funds by whatever other means they can in order not to dilute the shares away. One of the methods used to avoid some of that dilution is by joint venturing. This is where two companies are involved in proving up a resource with one usually having a larger percent than the other, thereby having the controlling interest, and the other having faith in the agreement of the one who has the majority. Unfortunately, I have seen some good properties go to waste where the joint venture partners were not able to raise the funds to fulfill their part of the obligation. Tueton comes to mind where the joint venture partners did not fulfill their part of the obligation and lost their right to work on the property. For the sake of argument, a joint venture partnership is still a dilution (this has been alluded to by others as well) and is only successful when the money raised results in the company proving up something and the potential resources becomes more mature.
Now we come to Apella. They have a problem. They have been issuing news since the staking of the claims in 2007. For instance, this news out in February 2010 put out by Metals Place dated Feb 17th titled Apella to develop America’s largest vanadium deposits states: “Scratch at the surface at either of Apella Resources’ major vanadium/titanium/iron projects in Quebec and just a few centimeters down, under the moss and topsoil, you will find vanadium-titanium-iron mineralization. Five and a half billion pounds of Vanadium alone at the Lac Dore deposit which is majority-controlled by Apella….” http://metalsplace.com/news/articles/33003/apella-to-develop…
This means that if you have 5 billion pounds at $6/lb it is worth $30 billion by my math. And what does the stock price do – it yawns. If this was a gold or silver stock, the share price would climb exponentially. So the big problem is not that the word is not out, the problem is the average North American investor does not understand the potential of what this company already has.
The problem for management is my estimated $50 million to bring the resources to bankable feasibility at .25. If the company issues $5 million dollars worth of shares, the stock is diluted and if the North American market does not absorb the shares at the same or higher prices, then the price goes down and then what do you do. The small and middle investors lose money and by the time you get the $50 million raised, years will have passed.
So management tries to come up with a creative solution. If they can find some big boys to put up big dollars immediately for thirty percent (40%) of the resource (This is not a typing error. When I spoke to Apella in 2009 this was the percent they wanted but I thought that would take a miracle.) with Apella holding the other 70%, then the North American market may take notice and do some revaluating and realize that Apella’s shares are way undervalue.
The big boys would own 30% of the resource and the shares would probably not be tradable in the new company. The marketing for the shares in this resource would be through Apella’s 70% ownership. If the big boys put up millions of dollars for an asset you can be sure they are not going to want their shares diluted away. The middle and small investors will own 70% through the tradable shares of Apella Resources. Now in my opinion, for the big boys to put up this kind of money for such a small percent of the resource it would take a miracle and so I look at the big investor who comes along and invests in PV as a white knight to the shareholders of APA. So on speculation, who are the potential white knights? They are the big boys who are billion dollar market cap companies, not the small or middle investors. The one that comes to mind, (who may or may not be looking at PV) I wrote about some years back. They are the guys who tried to corner the vanadium market and had their wrists slapped by the European Commission and they had to back off but they still hold a major interest in world vanadium. (see: http://johnhelmer.net/?p=324 ) They own the largest vanadium resources in the world, the South African one and stakes in their country. Others could be the Asians or major European companies (notice: none of the white knights I’ve consider are North American). The only North American identity that could raise the money to get into this (and I hope they don’t) is the Quebec government by way of Soquem. (Just a note on Soquem: the only way Soquem is going to have any kind of major interest in this resource is through PV.)
So what happens, the market starts to hear misleading rumours that I don’t think are true, that Apella is giving away the resource to insiders (blah, blah, blah), all sorts of rumors come out and the stock starts to tank and Apella issues a corporate update that they have set aside PV.
(April 8, 2010 http://www.apellaresources.com/news/2010/103-corporate-updat… ) The reason they set it aside is that management and insiders’ only interest is the shares they hold in Apella. Apella is the trading arm. PV would be the arm to raise money to develop APA and at the same time give something to the big boys that is palatable for them to put the big bucks up. Again to reiterate, the big boys would own only 30% of the resource while APA still had the controlling 70%.
(To clarify one other point: On the percent that Apella has of the Lac Dore (read the March 8th news http://www.apellaresources.com/news/2011/135-apella-wins-lan… ) it clearly states that they own 95% of the deposit of the original McKenzie Bay feasibility study – which means if you go to the maps on their webpage (http://www.apeallaresources.com/projects/lac-dore-vanadium-p… ) the red outline is the original 21 claims of this resource, you can see the shadow of the claims held by Soquem are just on the edge of those claims. So back to my claim, Soquem is out to lunch. The resource on a claim doesn’t sit on every claim equally, it could be a quarter of the claim as it runs through it or it could be half of the claim – so conclusion on this would be Soquem can sit on their 5% forever and it would never be necessary to develop it.)
Now with regards to the “$100 billion dollar resource” statement by me; if Lac Dore has 5.5 billion pounds of resource (as per many news item quotes) (November 17, 2009 http://www.apellaresources.com/news/2009/78-apella-forms-van… ) and the Iron T is quoted as being larger, the big question is how much larger. That will take time to prove. But for speculation, you can look at the Lac Dore claims and the original 21 claims is only 3 km long and then you look at the Iron T and look at the length of it (22 km) – you can see that it is over twice as long. (see: http://www.apellaresources.com/images/stories/maps/iron-t/CL… )
So let’s back track. So maybe I am too conservative, the Iron T is worth only $71 billion and the Lac Dore and the Iron T together may be only worth 101 billion – what’s a few billion here and there. My speculations come from the drill cores to-date, the news (Apr 5, 2011 – to test the 22 km length of the Iron T anomaly - they already have the imaging for this) and surface deduction – the resource is visible on surface.
In conclusion, the North American investor does not recognize the size and value of this resource. The offshore market will recognize this value and as small investors in APA, our very best outlook would be for a white knight to come in and put big dollars up and take this to bankable feasibility. This is my personal opinion and I seem to have everyone disagreeing with me which is fine but at least I will have put my points up.
To answer some questions that have been thrown at me, do I know something that is not current news – no. Has APA scrapped the PV deal – read the news – they sure have and I think it was a big mistake, but I am sure if an investor came along and only wanted 30% of the resource and would put the big dollars in to take it to bank feasibility it would be the best thing for shareholders and they would probably reinstate the PV. Do I have an ulterior motive – yes, I am a small investor in APA and feel that their integrity has been unfairly questioned. Because of this, I want to reply to the many misdirected comments and understandings regarding APA, from my point of view.
As always, JIMHO (Just in my humble opinion)
Gruß Fritz
Es gibt auch andere hoffnungsvolle Vanadium-Explorer. Was ist der Vorteil von Apella:
Green Giant Vanadium Project: Optimism Despite Challenges
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Thu, May 5, 2011
Feature Articles, Vanadium Articles
By Damon van der Linde – Exclusive to Vanadium Investing News
inShare1
2009 Green Giant drill program in Madagascar
The Green Giant Vanadium Project in Madagascar currently ranks as one of the largest vanadium deposits in the world, and though property owners say their product has potential in the growing vanadium-redox battery market, there are concerns that expensive refining costs could hamper its economic viability.
“From our perspective the metallurgy at this point isn’t really conducive to economic extraction so we’re not very bullish on that project itself,” said Jonathan Lee, a battery materials and technology analyst with Byron Capital Markets. “I know they’ve been working on the metallurgy for a while, but in our view they haven’t been able to find an economical metallurgical process.”
Lee says he is concerned that because the vanadium at Green Giant is poly-mineralic—it’s hosted in many different minerals. As a result, refining the ore to extract the vanadium is more complex including an additional roasting process which is more expensive and energy intensive than extracting the more common magnetite-hosted vanadium. However, Green Giant owners, Toronto-based Energizer Resources Inc. (CVE:EGZ), argue that because they are the only company that has announced its intention to produce the high purity vanadium pentoxide required by the battery technologies as its primary product, they are targeting a very different market than the dominant steel industry.
“It’s comparing apples to oranges. The element is the same, but the product at the end is different because it’s going to different places,” said Craig Scherba, VP of Exploration at Energizer. “We’re anticipating that is where the growth in the vanadium market will come from. We can still supply vanadium to the steel industry, but we’re looking at the battery side of things as well.”
Scherba says that Energizer’s vanadium is unique because it is sedimentary-hosted and extremely pure (99.4 percent), in contrast to the majority of other vanadium deposits, which are magnetite-hosted. In magnetite-hosted deposits, the material is extracted, crushed and sent through a rotary magnetic separator. Because the vanadium is entrained in magnetite, it comes out with magnetic separation and the concentrate can be put directly into blast furnaces for the steel industry.
“The other type of deposit—ferrovanadium—goes into the steel industry. That’s the only place it can go unless they have a complex chemical refining process afterwards. Even then, ferrovanadium cannot be refined to the same purity,” said Scherba. “After chemical extraction we can get our vanadium up to a very high purity rate. What that does is enables us to sell the vanadium to chemical manufacturers for a battery market, and that’s what we are targeting.”
Scherba also says that because most vanadium projects have off-take agreements with the steel industry, there is an opportunity to focus on the growing market to meet the demand for high-purity vanadium in both small-scale car batteries, as well as the grid-sized Vanadium Redox Batteries (VRBs). He says that Energizer is currently in discussions with a number of battery groups including Austria-based Cellstrom GmbH.
“It’s more of a two-pronged growth story that we are looking at. There’s the one prong for the steel market, but there’s also the battery market as well that we are trying to address,” said Scherba.
Vanadium is sourced mainly through three countries—China, Russia and South Africa, with roughly 85 percent of the material used as a steel-hardener. Recent growth in the demand for high strength, low alloy steel has resulted in the price of vanadium pentoxide increasing from around $7.00 per pound in 2010, to $7.50 per pound today, with JP Morgan projecting an increase to $8.00 by the end of 2012.
“We’re pretty bullish on vanadium and the uses of vanadium. We see steel manufacturing coming back so we’re pretty bullish on that, and as building codes become more strict, people will look to use vanadium in infused alloys,” said Lee.
The Green Giant Vanadium Project has a NI 43-101 compliant indicated resource of 49.5 million tonnes at an average grade of 0.693 percent vanadium pentoxide, and an inferred resource of 9.7 million tonnes at an average grade of 0.632. With this resource estimate, the Green Giant deposit currently ranks as one of the largest known vanadium deposits in the world with 75 percent of the 21-kilometer trend of vanadium remaining open for drilling. Scherba says that he expects it will be at least three years before the project begins producing.
The Green Giant Project must also contend with a lack of infrastructure currently in place, which Scherba says now consists of an airstrip and roads, but not a railway, water supply or electricity. For this, Energizer is in discussions with Asia Thai Mining Co. Ltd.-owned Sekoa Coal Project, which is 35km away from the vanadium project and broke ground in early 2011.
“Given that there’s limited infrastructure built up around the Green Giant Project, they’re pretty much dependent on the Sekoa coal project coming to fruition and building much of that infrastructure close to that project,” said Lee.
Scherba says that Energizer President Julie Lee Harrs is currently in Madagascar speaking with Asia Thai Mining about “tagging on” to the infrastructure at Sekoa, which could further reduce the costs of the Green Giant Project.
“A lot of this stuff hasn’t been costed out. It’s in the hands of the engineers right now. The scenarios are very different if we can utilize infrastructure from existing coal projects right next to us or if we would have to rely on shipping the material out ourselves to the coast. Those costs just aren’t determined yet,” said Scherba.
Green Giant Vanadium Project: Optimism Despite Challenges
email Email Print Print
Thu, May 5, 2011
Feature Articles, Vanadium Articles
By Damon van der Linde – Exclusive to Vanadium Investing News
inShare1
2009 Green Giant drill program in Madagascar
The Green Giant Vanadium Project in Madagascar currently ranks as one of the largest vanadium deposits in the world, and though property owners say their product has potential in the growing vanadium-redox battery market, there are concerns that expensive refining costs could hamper its economic viability.
“From our perspective the metallurgy at this point isn’t really conducive to economic extraction so we’re not very bullish on that project itself,” said Jonathan Lee, a battery materials and technology analyst with Byron Capital Markets. “I know they’ve been working on the metallurgy for a while, but in our view they haven’t been able to find an economical metallurgical process.”
Lee says he is concerned that because the vanadium at Green Giant is poly-mineralic—it’s hosted in many different minerals. As a result, refining the ore to extract the vanadium is more complex including an additional roasting process which is more expensive and energy intensive than extracting the more common magnetite-hosted vanadium. However, Green Giant owners, Toronto-based Energizer Resources Inc. (CVE:EGZ), argue that because they are the only company that has announced its intention to produce the high purity vanadium pentoxide required by the battery technologies as its primary product, they are targeting a very different market than the dominant steel industry.
“It’s comparing apples to oranges. The element is the same, but the product at the end is different because it’s going to different places,” said Craig Scherba, VP of Exploration at Energizer. “We’re anticipating that is where the growth in the vanadium market will come from. We can still supply vanadium to the steel industry, but we’re looking at the battery side of things as well.”
Scherba says that Energizer’s vanadium is unique because it is sedimentary-hosted and extremely pure (99.4 percent), in contrast to the majority of other vanadium deposits, which are magnetite-hosted. In magnetite-hosted deposits, the material is extracted, crushed and sent through a rotary magnetic separator. Because the vanadium is entrained in magnetite, it comes out with magnetic separation and the concentrate can be put directly into blast furnaces for the steel industry.
“The other type of deposit—ferrovanadium—goes into the steel industry. That’s the only place it can go unless they have a complex chemical refining process afterwards. Even then, ferrovanadium cannot be refined to the same purity,” said Scherba. “After chemical extraction we can get our vanadium up to a very high purity rate. What that does is enables us to sell the vanadium to chemical manufacturers for a battery market, and that’s what we are targeting.”
Scherba also says that because most vanadium projects have off-take agreements with the steel industry, there is an opportunity to focus on the growing market to meet the demand for high-purity vanadium in both small-scale car batteries, as well as the grid-sized Vanadium Redox Batteries (VRBs). He says that Energizer is currently in discussions with a number of battery groups including Austria-based Cellstrom GmbH.
“It’s more of a two-pronged growth story that we are looking at. There’s the one prong for the steel market, but there’s also the battery market as well that we are trying to address,” said Scherba.
Vanadium is sourced mainly through three countries—China, Russia and South Africa, with roughly 85 percent of the material used as a steel-hardener. Recent growth in the demand for high strength, low alloy steel has resulted in the price of vanadium pentoxide increasing from around $7.00 per pound in 2010, to $7.50 per pound today, with JP Morgan projecting an increase to $8.00 by the end of 2012.
“We’re pretty bullish on vanadium and the uses of vanadium. We see steel manufacturing coming back so we’re pretty bullish on that, and as building codes become more strict, people will look to use vanadium in infused alloys,” said Lee.
The Green Giant Vanadium Project has a NI 43-101 compliant indicated resource of 49.5 million tonnes at an average grade of 0.693 percent vanadium pentoxide, and an inferred resource of 9.7 million tonnes at an average grade of 0.632. With this resource estimate, the Green Giant deposit currently ranks as one of the largest known vanadium deposits in the world with 75 percent of the 21-kilometer trend of vanadium remaining open for drilling. Scherba says that he expects it will be at least three years before the project begins producing.
The Green Giant Project must also contend with a lack of infrastructure currently in place, which Scherba says now consists of an airstrip and roads, but not a railway, water supply or electricity. For this, Energizer is in discussions with Asia Thai Mining Co. Ltd.-owned Sekoa Coal Project, which is 35km away from the vanadium project and broke ground in early 2011.
“Given that there’s limited infrastructure built up around the Green Giant Project, they’re pretty much dependent on the Sekoa coal project coming to fruition and building much of that infrastructure close to that project,” said Lee.
Scherba says that Energizer President Julie Lee Harrs is currently in Madagascar speaking with Asia Thai Mining about “tagging on” to the infrastructure at Sekoa, which could further reduce the costs of the Green Giant Project.
“A lot of this stuff hasn’t been costed out. It’s in the hands of the engineers right now. The scenarios are very different if we can utilize infrastructure from existing coal projects right next to us or if we would have to rely on shipping the material out ourselves to the coast. Those costs just aren’t determined yet,” said Scherba.
Zitat von mickefett: Es gibt auch andere hoffnungsvolle Vanadium-Explorer. Was ist der Vorteil von Apella:
...
Green Giant Vanadium Project: Optimism Despite Challenges
Danke, interessant. Spricht aber mehr von den Nachteilen EGZs, denn (direkt) den Vorteilen APAs.
Zitat von mickefett: The Green Giant Project must also contend with a lack of infrastructure currently in place, which Scherba says now consists of an airstrip and roads, but not a railway, water supply or electricity. For this, Energizer is in discussions with Asia Thai Mining Co. Ltd.-owned Sekoa Coal Project, which is 35km away from the vanadium project and broke ground in early 2011.
“Given that there’s limited infrastructure built up around the Green Giant Project, they’re pretty much dependent on the Sekoa coal project coming to fruition and building much of that infrastructure close to that project,” said Lee.
Scherba says that Energizer President Julie Lee Harrs is currently in Madagascar speaking with Asia Thai Mining about “tagging on” to the infrastructure at Sekoa, which could further reduce the costs of the Green Giant Project.
“A lot of this stuff hasn’t been costed out. It’s in the hands of the engineers right now. The scenarios are very different if we can utilize infrastructure from existing coal projects right next to us or if we would have to rely on shipping the material out ourselves to the coast. Those costs just aren’t determined yet,” said Scherba.
Das war der Punkt, der mich bis jetzt am meisten abgeschreckt hat. Neben der politischen Situation, die wohl mit Stabilitätso ziemlich gar nichts zu tun hat -um mal nur einen Wiki-Abschnitt zu zitieren: "Im Frühjahr 2009 kam es in der Folge von Protestunruhen gegen die Regierung Ravalomananas, dem persönliche Bereicherung vorgeworfen wurde, abermals zu einem Regierungsumsturz. Andry Rajoelina, Bürgermeister der Hauptstadt, gelang es, das madagassische Militär auf seine Seite zu ziehen, so dass Ravalomanana abdankte und ins Exil flüchtete. Seit Ende März 2009 regiert so eine demokratisch nicht legitimierte Übergangsregierung unter Rajoelina, die international diplomatischen Sanktionen ausgesetzt ist.
http://de.wikipedia.org/wiki/Madagaskar "
Ich kann mich da noch an riiichtig üble Berichte von vor 1, 2Jahren erinnern -ich meine da gab es u.a. auch eine öffentliche(?) Hinrichtung von, unschuldigen, Bürgernin einem Fußballstadion. Ein Bürgerkrieg lag einige Zeit in der Luft. Und ähnliches.
Das mit der Metallurgie/poly mineralisch war mir neu, ein weiterer Grund. Rein geologisch gesehen dürfte IMO noch ein Haufen weiteres Potenzial bestehen. Wenn das aber mal was werden sollte, müssen die wahrscheinlich einen fetten Batzen Geld in die Hand nehmen. In der Summe machts das für mich nicht sehr attraktiv -IMO maximal WL.
Gruß
P.
Antwort auf Beitrag Nr.: 41.468.146 von Popeye82 am 06.05.11 23:32:50
Aber weitere VanadiumUnternehmen die man sich, neben anderen, IMO mal anschauen/"im Auge behalten" kann sind:
+ SRI.V
+ EMC.V
+ SVX.V
Gruß
P.
Aber weitere VanadiumUnternehmen die man sich, neben anderen, IMO mal anschauen/"im Auge behalten" kann sind:
+ SRI.V
+ EMC.V
+ SVX.V
Gruß
P.
Antwort auf Beitrag Nr.: 41.468.146 von Popeye82 am 06.05.11 23:32:50Vielen Dank für deine Antwort. Das sind sinnvolle Aspekte.
http://www.theaureport.com/pub/co/2113
Deborah Sterescu, Proactive Investors (5/16/11) "Apella Resources said Monday that it has completed the first 16 diamond drill holes of the phase-4 exploration program on its Quebec Iron-T project, which are expected to increase the size of the resource; the company said the 2,443 meters were completed on schedule at the Iron-T site, which is prospective for vanadium, iron and titanium. . .12 of the first 16 holes completed to date are infill holes that now connect several outside zones of mineralization to the company's main Genesis deposit on the Iron-T property. The peripheral zones, which cover the eastern extension of Genesis, were not included in the company's resource estimate for the project from August last year and, therefore, could increase the tonnage at Iron-T significantly; to date, three phases of exploration have been completed at Iron-T and, based on the first two, Apella has identified a minimum of 11.63 Mt. inferred resources."
Deborah Sterescu, Proactive Investors (5/16/11) "Apella Resources said Monday that it has completed the first 16 diamond drill holes of the phase-4 exploration program on its Quebec Iron-T project, which are expected to increase the size of the resource; the company said the 2,443 meters were completed on schedule at the Iron-T site, which is prospective for vanadium, iron and titanium. . .12 of the first 16 holes completed to date are infill holes that now connect several outside zones of mineralization to the company's main Genesis deposit on the Iron-T property. The peripheral zones, which cover the eastern extension of Genesis, were not included in the company's resource estimate for the project from August last year and, therefore, could increase the tonnage at Iron-T significantly; to date, three phases of exploration have been completed at Iron-T and, based on the first two, Apella has identified a minimum of 11.63 Mt. inferred resources."
http://www.apellaresources.com/news/2011/142%0A%0A-news-rele…
News Release Drill Program Update Iron-T Vanadium-Iron-Titanium Project
Vancouver, BC – May 16, 2011
Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce that as of May 10, 2011, Apella has successfully completed the first 16 diamond drill holes (2,443 metres) of its Phase 4 exploration/development program on its Iron-T Vanadium-Iron-Titanium Project; located 10 km southeast of Matagami, Quebec. The Phase 4 diamond drilling program is continuing according to schedule.
Twelve of the first sixteen holes completed to date, totalling 1803 meters, are considered development drill holes. They have been located on four transversal sections across the main mineralized zone already outlined by previous drilling. These new infill holes, drilled at 50m intervals now connect several peripheral zones of mineralization, to Apella’s main Genesis deposit on the Iron-T. The peripheral zones of mineralization were not included in SGS’s August, 2010 NI-43-101 resource estimate. It is anticipated, that with this infill drilling Apella will meet its objective of joining these additional zones to its main Genesis orebody and simultaneously increasing the tonnage significantly. Apella’s 2010 drill holes into these peripheral zones returned significant grades and intersects of mineralization. The four sections are covering the eastern extension of the main Genesis deposit.
One hole of the current Phase 4 drill holes (MA-11-57) has been set-up on the eastern end of another mineralized zone referred to as “II Zone” which runs parallel to the Genesis zone, about 50 m North. This hole also represents part of the current, systematic development drilling, planned for the main Genesis zone. It forms part of the overall objective of increasing tonnage quickly and substantially, and bringing the Genesis deposit to a measured and indicated status as soon as possible.
Another of the current drill holes (MA-11-56), 150 m in length, was set-up on top of a hill coinciding with a strong magnetic anomaly interpreted as the western extension of the Main Deposit. On the slopes of this hill, several outcrops discovered in 2010 by Apella, show disseminated oxides. This hole is located about 1 km west of the western most hole (MA-10-37) drilled by Apella in 2010, a hole which confirmed the extension of the main deposit in a NWN direction, exactly as anticipated by Apella.
All current drill holes bored to date have shown alternations of the gabbro with disseminated to massive layers of magnetic oxides, which Apella finds very encouraging. An interesting fact is the observed disseminated oxide layers are much thicker than the semi-massive to massive layers. This indicates that the mineralization should provide significant thickness enhancing compatibility for open pit mining.
The drilling has now been moved to the western extension of the Iron-T Project in order to evaluate at depth a 5 km long magnetic axis which was confirmed by the 2010 surface magnetic survey. This magnetic axis is oriented NW exactly as also detected in early airborne magnetic surveys flown between 1948 and 2007. Although these significant magnetic signatures were clearly visible, this magnetic axis has never been drill tested or even mapped until now. Six drill holes totalling 900 m in length are planned for the evaluation of the associated magnetic layers. It is expected that these layers may add a significant resource of Vanadium-Iron-Titanium mineralization to the overall Iron-T Project. Achieving additional tonnage outside the main deposit in the Genesis Zone will also demonstrate the consistency of the mineralization at depth along the 22.5km strike length of the Iron-T Project. Drill holes have been set-up at about 1000 m intervals along this extension and drilling will continue for the next two weeks.
In other news, all the 2009-2010 drill holes have now been surveyed by the firm Corriveau J.L. and Associates Inc. from Val d’Or, Quebec. Most of those holes have also been verified for vertical and/or lateral deviations with a gyro-sonde. This work has been carried out as part of the new and revised resource calculations and NI-43-101 presently being completed by SGS-Geostat.
All drill core is logged in Apella’s core shack in Matagami, Quebec. Once logged, the intersections retained for analysis are sawn, bagged and shipped to the ALS-Chemex laboratory in Val d’Or, Quebec for processing. Blanks and standard samples are inserted in the batches at random. Roger Moar, P.Geo and QP is logging the core and supervising the field operations. Apella’s 2011 Phase 4 program is being carried out under the supervision and auspices of Apella’s Chief Geologist Dr. Christian Derosier, P.Geo and QP.
Apella Resources has completed three previous drill programs, Phases 1, 2 and 3 on the Iron T Project. Based on Phases 1 & 2 Apella has already identified a minimum of 11.63 million tons of inferred tonnage. From the results to date it is quite clear that the Iron-T Deposit is very similar to other igneous-layered intrusion type deposits such as in the Lac Dore and Bushveld complexes. Those complexes currently host the two largest vanadium deposits in the world.
One of the key competitive advantages associated with Apella’s Iron-T and Lac Dore assets is their potential to host and produce significant amounts of vanadium, iron, and titanium ore. This reduces the risk associated with deposits of a single commodity type. It should allow the operator to remain sustainable in less stable metal markets, as opposed to being reliant on one single source of revenue, like vanadium alone. In addition, there is further security in the fact that all three of the commodities associated with Apella’s assets are primary targets (co-products). Thus, the supply of the vanadium from Apella’s assets would not simply be a by-product susceptible to the rise and fall of primary commodity being mined, such as vanadium presently being derived from the uranium sector. This type of triple metal (specifically vanadium-iron-titanium) deposit is an anomaly in itself within the North American mining sector. Comparable world deposits that are currently in production are situated in South Africa, Russia and China; areas which are subject to geopolitical issues, power interruptions, water shortages and labour strife.
Apella Resources has set ambitious tonnage targets for identifying economically mineable resources on its Iron-T and Lac Dore Projects which it believes are attainable. Apella’s confidence is based on the airborne and ground geophysical data that is now available and it’s highly successful drill results to date. Apella’s Iron-T and Lac Dore projects are vertical structures, as opposed to the thin, flat-lying structure of the world-leading Bushveld deposits in South Africa. These vertical structures provide a significant advantage over the world-leading Bushveld complex; the ability to utilize the much cheaper open pit mining process.
Apella will report on the upgraded resource calculations and metallurgy for the Iron-T Project as soon as it becomes available from SGS-Geostat.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
News Release Drill Program Update Iron-T Vanadium-Iron-Titanium Project
Vancouver, BC – May 16, 2011
Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce that as of May 10, 2011, Apella has successfully completed the first 16 diamond drill holes (2,443 metres) of its Phase 4 exploration/development program on its Iron-T Vanadium-Iron-Titanium Project; located 10 km southeast of Matagami, Quebec. The Phase 4 diamond drilling program is continuing according to schedule.
Twelve of the first sixteen holes completed to date, totalling 1803 meters, are considered development drill holes. They have been located on four transversal sections across the main mineralized zone already outlined by previous drilling. These new infill holes, drilled at 50m intervals now connect several peripheral zones of mineralization, to Apella’s main Genesis deposit on the Iron-T. The peripheral zones of mineralization were not included in SGS’s August, 2010 NI-43-101 resource estimate. It is anticipated, that with this infill drilling Apella will meet its objective of joining these additional zones to its main Genesis orebody and simultaneously increasing the tonnage significantly. Apella’s 2010 drill holes into these peripheral zones returned significant grades and intersects of mineralization. The four sections are covering the eastern extension of the main Genesis deposit.
One hole of the current Phase 4 drill holes (MA-11-57) has been set-up on the eastern end of another mineralized zone referred to as “II Zone” which runs parallel to the Genesis zone, about 50 m North. This hole also represents part of the current, systematic development drilling, planned for the main Genesis zone. It forms part of the overall objective of increasing tonnage quickly and substantially, and bringing the Genesis deposit to a measured and indicated status as soon as possible.
Another of the current drill holes (MA-11-56), 150 m in length, was set-up on top of a hill coinciding with a strong magnetic anomaly interpreted as the western extension of the Main Deposit. On the slopes of this hill, several outcrops discovered in 2010 by Apella, show disseminated oxides. This hole is located about 1 km west of the western most hole (MA-10-37) drilled by Apella in 2010, a hole which confirmed the extension of the main deposit in a NWN direction, exactly as anticipated by Apella.
All current drill holes bored to date have shown alternations of the gabbro with disseminated to massive layers of magnetic oxides, which Apella finds very encouraging. An interesting fact is the observed disseminated oxide layers are much thicker than the semi-massive to massive layers. This indicates that the mineralization should provide significant thickness enhancing compatibility for open pit mining.
The drilling has now been moved to the western extension of the Iron-T Project in order to evaluate at depth a 5 km long magnetic axis which was confirmed by the 2010 surface magnetic survey. This magnetic axis is oriented NW exactly as also detected in early airborne magnetic surveys flown between 1948 and 2007. Although these significant magnetic signatures were clearly visible, this magnetic axis has never been drill tested or even mapped until now. Six drill holes totalling 900 m in length are planned for the evaluation of the associated magnetic layers. It is expected that these layers may add a significant resource of Vanadium-Iron-Titanium mineralization to the overall Iron-T Project. Achieving additional tonnage outside the main deposit in the Genesis Zone will also demonstrate the consistency of the mineralization at depth along the 22.5km strike length of the Iron-T Project. Drill holes have been set-up at about 1000 m intervals along this extension and drilling will continue for the next two weeks.
In other news, all the 2009-2010 drill holes have now been surveyed by the firm Corriveau J.L. and Associates Inc. from Val d’Or, Quebec. Most of those holes have also been verified for vertical and/or lateral deviations with a gyro-sonde. This work has been carried out as part of the new and revised resource calculations and NI-43-101 presently being completed by SGS-Geostat.
All drill core is logged in Apella’s core shack in Matagami, Quebec. Once logged, the intersections retained for analysis are sawn, bagged and shipped to the ALS-Chemex laboratory in Val d’Or, Quebec for processing. Blanks and standard samples are inserted in the batches at random. Roger Moar, P.Geo and QP is logging the core and supervising the field operations. Apella’s 2011 Phase 4 program is being carried out under the supervision and auspices of Apella’s Chief Geologist Dr. Christian Derosier, P.Geo and QP.
Apella Resources has completed three previous drill programs, Phases 1, 2 and 3 on the Iron T Project. Based on Phases 1 & 2 Apella has already identified a minimum of 11.63 million tons of inferred tonnage. From the results to date it is quite clear that the Iron-T Deposit is very similar to other igneous-layered intrusion type deposits such as in the Lac Dore and Bushveld complexes. Those complexes currently host the two largest vanadium deposits in the world.
One of the key competitive advantages associated with Apella’s Iron-T and Lac Dore assets is their potential to host and produce significant amounts of vanadium, iron, and titanium ore. This reduces the risk associated with deposits of a single commodity type. It should allow the operator to remain sustainable in less stable metal markets, as opposed to being reliant on one single source of revenue, like vanadium alone. In addition, there is further security in the fact that all three of the commodities associated with Apella’s assets are primary targets (co-products). Thus, the supply of the vanadium from Apella’s assets would not simply be a by-product susceptible to the rise and fall of primary commodity being mined, such as vanadium presently being derived from the uranium sector. This type of triple metal (specifically vanadium-iron-titanium) deposit is an anomaly in itself within the North American mining sector. Comparable world deposits that are currently in production are situated in South Africa, Russia and China; areas which are subject to geopolitical issues, power interruptions, water shortages and labour strife.
Apella Resources has set ambitious tonnage targets for identifying economically mineable resources on its Iron-T and Lac Dore Projects which it believes are attainable. Apella’s confidence is based on the airborne and ground geophysical data that is now available and it’s highly successful drill results to date. Apella’s Iron-T and Lac Dore projects are vertical structures, as opposed to the thin, flat-lying structure of the world-leading Bushveld deposits in South Africa. These vertical structures provide a significant advantage over the world-leading Bushveld complex; the ability to utilize the much cheaper open pit mining process.
Apella will report on the upgraded resource calculations and metallurgy for the Iron-T Project as soon as it becomes available from SGS-Geostat.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
http://www.theaureport.com/pub/co/2113
Expert Analysis
The Gold Report Interview with Siddarth Rajeev (5/25/11) TGR: I'm wondering about industries where the resources are not traded by open outcry or electronic markets. You follow some markets like that?
Siddharth Rajeev: Yes. One good example is the vanadium market. We have a long-term positive outlook on the vanadium segment. One of the best bets for investors who are looking for pure exposure to vanadium is Apella Resources in Vancouver. The company completed a 16-diamond drill program on its Iron-T project in Québec. It also has the Lac Dore vanadium project, which has a huge historic resource. . .
TGR: The company won what could be a milestone victory against SOQUEM Inc. for 18 of 21 claims in the Lac Dore deposit, the world's second-largest vanadium deposit. I'm wondering how far along this project is from being a major play for the company?
SR: A lot of work has to be done on it. The numbers that we have seen so far from this project have been excellent, but a significant amount of work has to be done before a production decision can be made. More >
Expert Analysis
The Gold Report Interview with Siddarth Rajeev (5/25/11) TGR: I'm wondering about industries where the resources are not traded by open outcry or electronic markets. You follow some markets like that?
Siddharth Rajeev: Yes. One good example is the vanadium market. We have a long-term positive outlook on the vanadium segment. One of the best bets for investors who are looking for pure exposure to vanadium is Apella Resources in Vancouver. The company completed a 16-diamond drill program on its Iron-T project in Québec. It also has the Lac Dore vanadium project, which has a huge historic resource. . .
TGR: The company won what could be a milestone victory against SOQUEM Inc. for 18 of 21 claims in the Lac Dore deposit, the world's second-largest vanadium deposit. I'm wondering how far along this project is from being a major play for the company?
SR: A lot of work has to be done on it. The numbers that we have seen so far from this project have been excellent, but a significant amount of work has to be done before a production decision can be made. More >
Apella Resources Inc.: SGS-Geostat Delivers New Resource Calculation Iron-T Vanadium-Iron-Titanium Project; 14.376Mt @27.3% Fe, 6.55% TiO2 &0.42% V2O5/0.77% V2O5Eq; 24% increase; Phase 4 program not included; Many of the sections so far contain only one drill hole giving limited information on the deposit. Even though two separate small interpreted solids were intersected by @least two drill holes(trenches) within a radius of 50m, there is not enough information yet validating the grade &lateral continuity of the solids. For this reason holes MA-10-35, MA-10-36, MA-11-37 drilled on the western extension of the Main Zone over a distance of 1.8 km have not been considered in the resource calculations, despite their excellent mineralized intersections; In SGS-Geostat's opinion, the Iron-T mineral deposit contains enough resources to justify additional exploration &development work on the property in the optic of a bulk sampling, preliminary economic assessment- &prefeasibility study; Although still considered as preliminary &based on the optic of an open pit operation, the mineral processing results of ´09 &´10 showed interestingly good recovery results. Tests included limited Davis tube tests, density tests, Satmagan tests &a mineralogy study. The ´11 Davis tube Vanadium recovery was high; averaging 88.7% recovery with 90% of samples having a recovery of >79.6%. This means that the Iron-T mineralization has an excellent recovery rate. Specific Gravity(SG) testing gave results from 2.93 to 4.37 &a mean average SG of 3.68. The specific gravity is a function of the concentration &weight of the mineralization. The Satmagan(content magnetite (Fe3O4)) averaged @33.8%, &ranged from 13.7% to 48.8%. Results of the Satmagan shows that magnetic iron oxide content varies from disseminated to massive layers. The average Ti &V contents were 5.51% &0.34%, respectively. These results show that Titanium represents a non-negligible element &that the vanadium content is similar to the Lac Doré deposit. The concentrates from the mineralogy tests contained between 80.9% &96.5% combined Fe-Oxides, Ti-Magnetite &Ilmenite; which means that the concentration method is adequate &the recovery obtained is excellent. For most of the samples analyzed, the major carrier of Vanadium is the Fe-Oxides(ranging from 66.2% &91.2%) with Ti-Magnetite being a minor carrier, @between 7.19% &32.0%; which means that layers with higher Ti values will return lower vanadium values. Between 64.3% &90.9% of the Oxides were free, &between 6.46% &20.7% of the Oxides were liberated. This signifies that oxides are easily recoverable by physical process. The locked Oxides were mostly associated with non-opaque gangue(between 2.22% &14.9%), with a much smaller proportion associated with sulphides(between 0.00% &1.92%). This is excellent for Apella because the Iron-T deposit has a very low sulphide content which permits it to be used by the steel industry; SGS made the following recommendations: "The project needs additional definition including detailed cartography &diamond drilling before being ready for mining. The additional drilling would increase significantly the quality of the geological information as well as the update of the overall resources &the geological model. With addition of the drilling data, the update of the resources could include the measured &indicated resources categories. SGS recommends infill drilling &target drilling" - Jun 3, 2011
www.marketwire.com/press-release/apella-resources-inc-sgs-ge…
www.marketwire.com/press-release/apella-resources-inc-sgs-ge…
Geld dürfte in Bälde aus sein:
MD &A - Jun 28, 2011
www.sedar.com
" ... Operations
On February 22, 2011 Apella announced that Mr. Don Venturi had been appointed to the Board of Directors of the Company. Mr. Venturi has extensive experience in aviation and logistics as they apply to the mineral exploration industry. Apella also accepted the resignation of Mr. Christopher Chu as a director of the Company. Mr. Chu will continue to serve as the Company’s corporate secretary.
Exploration Activity
On March 8, 2011 the Company announced that the Quebec Court, Mines Tribunal,
Administrative and Appeal Division had rendered a judgment in favour of Apella Resources, awarding Apella all nine mining claims which it was seeking in the Lac Dore Vanadium-Iron-Titanium deposit. While these claims were staked by Apella in August 2007, they had not previously been awarded because another company had staked the same claims at the same time.
On April 5, 2011 the Company announced that it had commenced Phase 4 of diamond drilling on the Iron-T project. This program is a 2,300 metre (7,545 feet), 23-hole initial portion of Apella’s planned overall 20,000 metre (65,616) Phase 4 program. See also “Subsequent Events”
...
Subsequent Events
On May 16, 2011 the Company announced that it was extending the expiry date of 3,730,000 share purchase warrants (originally issued on November 18, 2009) from May 18, 2011 to November 12, 2012. The exercise price of these warrants remains unchanged at $0.20.
On June 2, 2011 the Company announced that it had successfully completed the first round of its Phase 4 exploration drilling program on its Iron-T project. This program consisted of 19 diamond drill holes producing 2,893 metres of drilling. Eleven of these 19 holes (1,672 metres) are considered development drill holes. They have been located on four transversal sections across the main mineralized zone already outlined by previous drilling.
On June 3, 2011 the Company announced that it had received an updated NI 43-101 compliant resource estimation from SGS-Geostat. The report estimates an inferred mineral resource of 14,376,000 tonnes of 0.42% V2O5 based on a cut-off grade of 0.48%Eq. The estimate is based on the 41 drill holes undertaken in Apella’s 2009-2010 drill programs. It does not include results from the 19 holes recently completed.
On June 21, 2011 the Company announced that it was extending the expiry date of 5,958,500 share purchase warrants (originally issued on January 26, 2010) from July 25, 2011 to January 25, 2015. The exercise price of these warrants remains unchanged at $0.25. ..."
MD &A - Jun 28, 2011
www.sedar.com
" ... Operations
On February 22, 2011 Apella announced that Mr. Don Venturi had been appointed to the Board of Directors of the Company. Mr. Venturi has extensive experience in aviation and logistics as they apply to the mineral exploration industry. Apella also accepted the resignation of Mr. Christopher Chu as a director of the Company. Mr. Chu will continue to serve as the Company’s corporate secretary.
Exploration Activity
On March 8, 2011 the Company announced that the Quebec Court, Mines Tribunal,
Administrative and Appeal Division had rendered a judgment in favour of Apella Resources, awarding Apella all nine mining claims which it was seeking in the Lac Dore Vanadium-Iron-Titanium deposit. While these claims were staked by Apella in August 2007, they had not previously been awarded because another company had staked the same claims at the same time.
On April 5, 2011 the Company announced that it had commenced Phase 4 of diamond drilling on the Iron-T project. This program is a 2,300 metre (7,545 feet), 23-hole initial portion of Apella’s planned overall 20,000 metre (65,616) Phase 4 program. See also “Subsequent Events”
...
Subsequent Events
On May 16, 2011 the Company announced that it was extending the expiry date of 3,730,000 share purchase warrants (originally issued on November 18, 2009) from May 18, 2011 to November 12, 2012. The exercise price of these warrants remains unchanged at $0.20.
On June 2, 2011 the Company announced that it had successfully completed the first round of its Phase 4 exploration drilling program on its Iron-T project. This program consisted of 19 diamond drill holes producing 2,893 metres of drilling. Eleven of these 19 holes (1,672 metres) are considered development drill holes. They have been located on four transversal sections across the main mineralized zone already outlined by previous drilling.
On June 3, 2011 the Company announced that it had received an updated NI 43-101 compliant resource estimation from SGS-Geostat. The report estimates an inferred mineral resource of 14,376,000 tonnes of 0.42% V2O5 based on a cut-off grade of 0.48%Eq. The estimate is based on the 41 drill holes undertaken in Apella’s 2009-2010 drill programs. It does not include results from the 19 holes recently completed.
On June 21, 2011 the Company announced that it was extending the expiry date of 5,958,500 share purchase warrants (originally issued on January 26, 2010) from July 25, 2011 to January 25, 2015. The exercise price of these warrants remains unchanged at $0.25. ..."
Antwort auf Beitrag Nr.: 41.734.431 von Popeye82 am 03.07.11 03:00:35SGS-Geostat Delivers New Resource Calculation Iron-T Vanadium-Iron-Titanium Project
Vancouver, BC – June 3, 2011
Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce that SGS-Geostat has delivered to Apella its updated NI 43-101 resource estimation update for the Iron-T Vanadium-Iron-Titanium Project in Quebec, Canada. The Iron-T Vanadium-Titanium-Iron property located 18km east of Matagami in the Province of Québec, Canada. This latest calculation reports an estimated increase of 24% in the quantity of the inferred resource over the previous report dated August 2010.
The intent of this updated resource estimation report by SGS-Geostat was to provide a comprehensive review of the 2009-2010 exploration activities. This latest independent NI 43-101 resource estimate completed by SGS-Geostat is based on 41 drill holes including 2 revised historical drill holes for a total length of 5,519 metres (18,107ft).
In SGS-Geostat’s opinion, the Iron-T mineral deposit contains enough resources to justify additional exploration work and development work on the property in the optic of a bulk sampling, preliminary economic assessment study and prefeasibility study.
Currently, all of the resources reported on the Iron-T are classified in the inferred category. Many of the sections so far contain only one drill hole giving limited information on the deposit. Even though two separate small interpreted solids were intersected by at least two drill holes (trenches) within a radius of 50m, there is not enough information yet validating the grade and lateral continuity of the solids. For this reason holes MA-10-35, MA-10-36, MA-11-37 drilled on the western extension of the Main Zone over a distance of 1.8 km have not been considered in the resource calculations, despite their excellent mineralized intersections.
The classified inferred resources reported in this latest SGS-Geostat report are compliant with standards as outlined in the National Instrument 43-101. These resources were calculated using a minimum cut-off grade of 0.48% V2O5Eq and now estimated at 14,376,000 tonnes of the inferred category at 0.42% V2O5. This represents a 24% increase in the classified inferred resource of 11,600,000 tonnes in SGS-Geostat’s last report.
The mineral resources estimated to date on the Iron-T Project by SGS-Geostat are presented in the table below.
Current Inferred Mineral Resource Estimate – Iron-T Project
V2O5Eq Cuttoff (%)
Tonnage
Volume
Fe (%)
Fe2O3 (%)
TiO2 (%)
V2O5 (%)
V2O5Eq (Eq)
0.48
14,376,000
6,331,000
27.30
39.04
6.55
0.42
0.77
Considering the fact that the Iron-T mineral deposit holds a “non-negligible” portion of TiO2 and Iron ore, SGS considers the 0.48% V2O5Eq cut-off grade as a conservative cut-off and is the one recommended. This cut-off corresponds roughly to a combined cut-off of 0.26% V2O5 and 3.78% TiO2. If the combined cut-off would have been used, a small decrease in tonnage would have been observed in comparison to the V2O5Eq cut-off.
The V2O5, Fe and TiO2 prices used in the SGS-Geostat report were provided by Dr. C. Derosier of Apella as of June 21th, 2010 the same as utilized in the August 2010 report. Those prices were obtained from Metalprices.com, a website specializing in the current metal prices in the World. SGS-Geostat did not do an extensive research of the dollar value of vanadium, TiO2 and Fe concentrates.
V2O5EQ = V2O5 + 0.011*Fe + 0.006**TiO2 in %
*$182/tonne metric
**$90/tonne metric
V2O5: 14$/kg
The prices were provided by Dr. C. Derosier of Apella.
It should be noted that this latest resource estimation by SGS-Geostat does not include the 19 hole, 2,893m (9,491ft) Phase 4 diamond drill program just finished by Apella on this project. This latest 19 hole drill program included 11 in-fill drill holes in the main Genesis Deposit being delineated on the Iron-T Vanadium-Iron-Titanium Project.
As part of the independent verification program, SGS-Geostat validated Apella’s exploration methodology including core logging, sampling, analytical procedures, and QAQC protocols and procedures.
Although still considered as preliminary and based on the optic of an open pit operation, the mineral processing results of 2009 and 2010 showed interestingly good recovery results. Tests included limited Davis tube tests, density tests, Satmagan tests and a mineralogy study. The 2011 Davis tube Vanadium recovery was high; averaging 88.7% recovery with 90% of samples having a recovery of greater than 79.6%. This means that the Iron-T mineralization has an excellent recovery rate. Specific Gravity (SG) testing gave results from 2.93 to 4.37 and a mean average SG of 3.68. The specific gravity is a function of the concentration and weight of the mineralization. The Satmagan (content magnetite (Fe3O4)) averaged at 33.8%, and ranged from 13.7% to 48.8%. Results of the Satmagan shows that magnetic iron oxide content varies from disseminated to massive layers. The average Ti and V contents were 5.51% and 0.34%, respectively. These results show that Titanium represents a non-negligible element and that the vanadium content is similar to the Lac Doré deposit. The concentrates from the mineralogy tests contained between 80.9% and 96.5% combined Fe-Oxides, Ti-Magnetite and Ilmenite; which means that the concentration method is adequate and the recovery obtained is excellent. For most of the samples analyzed, the major carrier of Vanadium is the Fe-Oxides (ranging from 66.2% and 91.2%) with Ti-Magnetite being a minor carrier, at between 7.19% and 32.0%; which means that layers with higher Ti values will return lower vanadium values. Between 64.3% and 90.9% of the Oxides were free, and between 6.46% and 20.7% of the Oxides were liberated. This signifies that oxides are easily recoverable by physical process. The locked Oxides were mostly associated with non-opaque gangue (between 2.22% and 14.9%), with a much smaller proportion associated with sulphides (between 0.00% and 1.92%). This is excellent for Apella because the Iron-T deposit has a very low sulphide content which permits it to be used by the steel industry.
The mineral resource block model has been interpolated from 1.25 m long analytical composite data constrained within a 3D wireframe envelop of the mineralized geological model defined from drill hole mineralized intercepts. The mineral resource model is defined by blocks 5 m (east-west) by 5 m (north-south) by 5 m (elevation) in size, located below the bedrock/overburden interface, and covers an area located within sections 324,500 m E and 325,800 m E on the Property to a maximum depth of 220m below surface. The length of the drill tested zone comprised between these two coordinates, is 1,300m. The interpolation of the block grade was performed by inverse distance squared method in multiple passes using anisotropic search ellipsoids increasing is size from one pass to another. This is an industry standard. The mineral resources calculated by SGS and representing a small portion of the property correspond to the estimated blocks located below the bedrock/overburden interface. A bulk density (SG) of 3.5t/m3 was used to calculate the final tonnage of the mineral resources based on the available data. Each deposit is unique and has its own specific gravity depending of the mineral composition and concentration.
Following a bias observed in 2010 by SGS-Geostat, corresponding in a 15% average grade difference between original and duplicate V2O5 (Vanadium Oxide) assay results, reported by various labs utilized SGS-Geostat initiated a 2011 independent sampling program involving the assay of 81 samples submitted to two other independent certified laboratories. The 2011 independent sampling program was similar to the 2010 independent sampling program. The V2O5 (V) average grade of original assays gave results from 12.9% to 18.7% higher than the independent samples (SGS Lakefield and Actlabs). SGS found that the ALS-Chemex laboratory tends to be the one with the overall highest average iron, TiO2 and V2O5 grades. The SGS Lakefield laboratory and Actlabs are respectively ranked second and third. Since the majority if not all of the original samples were sent to the ALS-Chemex lab, SGS strongly recommends continuing and implementing QAQC procedures involving certified materials (standards) from the industry to be sent to the ALS-Chemex lab to check any calibration errors. Apella is implementing a QAQC program involving the assay of certified materials (standards) in order to verify the calibration of the laboratory and two other laboratories. According to the findings of this QAQC program, these results will help determine a correction factor on the assay results.
SGS made the following recommendations:” The project needs additional definition including detailed cartography and diamond drilling before being ready for mining. The additional drilling would increase significantly the quality of the geological information as well as the update of the overall resources and the geological model. With addition of the drilling data, the update of the resources could include the measured and indicated resources categories. SGS recommends infill drilling and target drilling.”
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
SGS-Geostat Delivers New Resource Calculation Iron-T Vanadium-Iron-Titanium Project
Vancouver, BC – June 3, 2011
Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce that SGS-Geostat has delivered to Apella its updated NI 43-101 resource estimation update for the Iron-T Vanadium-Iron-Titanium Project in Quebec, Canada. The Iron-T Vanadium-Titanium-Iron property located 18km east of Matagami in the Province of Québec, Canada. This latest calculation reports an estimated increase of 24% in the quantity of the inferred resource over the previous report dated August 2010.
The intent of this updated resource estimation report by SGS-Geostat was to provide a comprehensive review of the 2009-2010 exploration activities. This latest independent NI 43-101 resource estimate completed by SGS-Geostat is based on 41 drill holes including 2 revised historical drill holes for a total length of 5,519 metres (18,107ft).
In SGS-Geostat’s opinion, the Iron-T mineral deposit contains enough resources to justify additional exploration work and development work on the property in the optic of a bulk sampling, preliminary economic assessment study and prefeasibility study.
Currently, all of the resources reported on the Iron-T are classified in the inferred category. Many of the sections so far contain only one drill hole giving limited information on the deposit. Even though two separate small interpreted solids were intersected by at least two drill holes (trenches) within a radius of 50m, there is not enough information yet validating the grade and lateral continuity of the solids. For this reason holes MA-10-35, MA-10-36, MA-11-37 drilled on the western extension of the Main Zone over a distance of 1.8 km have not been considered in the resource calculations, despite their excellent mineralized intersections.
The classified inferred resources reported in this latest SGS-Geostat report are compliant with standards as outlined in the National Instrument 43-101. These resources were calculated using a minimum cut-off grade of 0.48% V2O5Eq and now estimated at 14,376,000 tonnes of the inferred category at 0.42% V2O5. This represents a 24% increase in the classified inferred resource of 11,600,000 tonnes in SGS-Geostat’s last report.
The mineral resources estimated to date on the Iron-T Project by SGS-Geostat are presented in the table below.
Current Inferred Mineral Resource Estimate – Iron-T Project
V2O5Eq Cuttoff (%)
Tonnage
Volume
Fe (%)
Fe2O3 (%)
TiO2 (%)
V2O5 (%)
V2O5Eq (Eq)
0.48
14,376,000
6,331,000
27.30
39.04
6.55
0.42
0.77
Considering the fact that the Iron-T mineral deposit holds a “non-negligible” portion of TiO2 and Iron ore, SGS considers the 0.48% V2O5Eq cut-off grade as a conservative cut-off and is the one recommended. This cut-off corresponds roughly to a combined cut-off of 0.26% V2O5 and 3.78% TiO2. If the combined cut-off would have been used, a small decrease in tonnage would have been observed in comparison to the V2O5Eq cut-off.
The V2O5, Fe and TiO2 prices used in the SGS-Geostat report were provided by Dr. C. Derosier of Apella as of June 21th, 2010 the same as utilized in the August 2010 report. Those prices were obtained from Metalprices.com, a website specializing in the current metal prices in the World. SGS-Geostat did not do an extensive research of the dollar value of vanadium, TiO2 and Fe concentrates.
V2O5EQ = V2O5 + 0.011*Fe + 0.006**TiO2 in %
*$182/tonne metric
**$90/tonne metric
V2O5: 14$/kg
The prices were provided by Dr. C. Derosier of Apella.
It should be noted that this latest resource estimation by SGS-Geostat does not include the 19 hole, 2,893m (9,491ft) Phase 4 diamond drill program just finished by Apella on this project. This latest 19 hole drill program included 11 in-fill drill holes in the main Genesis Deposit being delineated on the Iron-T Vanadium-Iron-Titanium Project.
As part of the independent verification program, SGS-Geostat validated Apella’s exploration methodology including core logging, sampling, analytical procedures, and QAQC protocols and procedures.
Although still considered as preliminary and based on the optic of an open pit operation, the mineral processing results of 2009 and 2010 showed interestingly good recovery results. Tests included limited Davis tube tests, density tests, Satmagan tests and a mineralogy study. The 2011 Davis tube Vanadium recovery was high; averaging 88.7% recovery with 90% of samples having a recovery of greater than 79.6%. This means that the Iron-T mineralization has an excellent recovery rate. Specific Gravity (SG) testing gave results from 2.93 to 4.37 and a mean average SG of 3.68. The specific gravity is a function of the concentration and weight of the mineralization. The Satmagan (content magnetite (Fe3O4)) averaged at 33.8%, and ranged from 13.7% to 48.8%. Results of the Satmagan shows that magnetic iron oxide content varies from disseminated to massive layers. The average Ti and V contents were 5.51% and 0.34%, respectively. These results show that Titanium represents a non-negligible element and that the vanadium content is similar to the Lac Doré deposit. The concentrates from the mineralogy tests contained between 80.9% and 96.5% combined Fe-Oxides, Ti-Magnetite and Ilmenite; which means that the concentration method is adequate and the recovery obtained is excellent. For most of the samples analyzed, the major carrier of Vanadium is the Fe-Oxides (ranging from 66.2% and 91.2%) with Ti-Magnetite being a minor carrier, at between 7.19% and 32.0%; which means that layers with higher Ti values will return lower vanadium values. Between 64.3% and 90.9% of the Oxides were free, and between 6.46% and 20.7% of the Oxides were liberated. This signifies that oxides are easily recoverable by physical process. The locked Oxides were mostly associated with non-opaque gangue (between 2.22% and 14.9%), with a much smaller proportion associated with sulphides (between 0.00% and 1.92%). This is excellent for Apella because the Iron-T deposit has a very low sulphide content which permits it to be used by the steel industry.
The mineral resource block model has been interpolated from 1.25 m long analytical composite data constrained within a 3D wireframe envelop of the mineralized geological model defined from drill hole mineralized intercepts. The mineral resource model is defined by blocks 5 m (east-west) by 5 m (north-south) by 5 m (elevation) in size, located below the bedrock/overburden interface, and covers an area located within sections 324,500 m E and 325,800 m E on the Property to a maximum depth of 220m below surface. The length of the drill tested zone comprised between these two coordinates, is 1,300m. The interpolation of the block grade was performed by inverse distance squared method in multiple passes using anisotropic search ellipsoids increasing is size from one pass to another. This is an industry standard. The mineral resources calculated by SGS and representing a small portion of the property correspond to the estimated blocks located below the bedrock/overburden interface. A bulk density (SG) of 3.5t/m3 was used to calculate the final tonnage of the mineral resources based on the available data. Each deposit is unique and has its own specific gravity depending of the mineral composition and concentration.
Following a bias observed in 2010 by SGS-Geostat, corresponding in a 15% average grade difference between original and duplicate V2O5 (Vanadium Oxide) assay results, reported by various labs utilized SGS-Geostat initiated a 2011 independent sampling program involving the assay of 81 samples submitted to two other independent certified laboratories. The 2011 independent sampling program was similar to the 2010 independent sampling program. The V2O5 (V) average grade of original assays gave results from 12.9% to 18.7% higher than the independent samples (SGS Lakefield and Actlabs). SGS found that the ALS-Chemex laboratory tends to be the one with the overall highest average iron, TiO2 and V2O5 grades. The SGS Lakefield laboratory and Actlabs are respectively ranked second and third. Since the majority if not all of the original samples were sent to the ALS-Chemex lab, SGS strongly recommends continuing and implementing QAQC procedures involving certified materials (standards) from the industry to be sent to the ALS-Chemex lab to check any calibration errors. Apella is implementing a QAQC program involving the assay of certified materials (standards) in order to verify the calibration of the laboratory and two other laboratories. According to the findings of this QAQC program, these results will help determine a correction factor on the assay results.
SGS made the following recommendations:” The project needs additional definition including detailed cartography and diamond drilling before being ready for mining. The additional drilling would increase significantly the quality of the geological information as well as the update of the overall resources and the geological model. With addition of the drilling data, the update of the resources could include the measured and indicated resources categories. SGS recommends infill drilling and target drilling.”
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Vancouver, BC – June 3, 2011
Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce that SGS-Geostat has delivered to Apella its updated NI 43-101 resource estimation update for the Iron-T Vanadium-Iron-Titanium Project in Quebec, Canada. The Iron-T Vanadium-Titanium-Iron property located 18km east of Matagami in the Province of Québec, Canada. This latest calculation reports an estimated increase of 24% in the quantity of the inferred resource over the previous report dated August 2010.
The intent of this updated resource estimation report by SGS-Geostat was to provide a comprehensive review of the 2009-2010 exploration activities. This latest independent NI 43-101 resource estimate completed by SGS-Geostat is based on 41 drill holes including 2 revised historical drill holes for a total length of 5,519 metres (18,107ft).
In SGS-Geostat’s opinion, the Iron-T mineral deposit contains enough resources to justify additional exploration work and development work on the property in the optic of a bulk sampling, preliminary economic assessment study and prefeasibility study.
Currently, all of the resources reported on the Iron-T are classified in the inferred category. Many of the sections so far contain only one drill hole giving limited information on the deposit. Even though two separate small interpreted solids were intersected by at least two drill holes (trenches) within a radius of 50m, there is not enough information yet validating the grade and lateral continuity of the solids. For this reason holes MA-10-35, MA-10-36, MA-11-37 drilled on the western extension of the Main Zone over a distance of 1.8 km have not been considered in the resource calculations, despite their excellent mineralized intersections.
The classified inferred resources reported in this latest SGS-Geostat report are compliant with standards as outlined in the National Instrument 43-101. These resources were calculated using a minimum cut-off grade of 0.48% V2O5Eq and now estimated at 14,376,000 tonnes of the inferred category at 0.42% V2O5. This represents a 24% increase in the classified inferred resource of 11,600,000 tonnes in SGS-Geostat’s last report.
The mineral resources estimated to date on the Iron-T Project by SGS-Geostat are presented in the table below.
Current Inferred Mineral Resource Estimate – Iron-T Project
V2O5Eq Cuttoff (%)
Tonnage
Volume
Fe (%)
Fe2O3 (%)
TiO2 (%)
V2O5 (%)
V2O5Eq (Eq)
0.48
14,376,000
6,331,000
27.30
39.04
6.55
0.42
0.77
Considering the fact that the Iron-T mineral deposit holds a “non-negligible” portion of TiO2 and Iron ore, SGS considers the 0.48% V2O5Eq cut-off grade as a conservative cut-off and is the one recommended. This cut-off corresponds roughly to a combined cut-off of 0.26% V2O5 and 3.78% TiO2. If the combined cut-off would have been used, a small decrease in tonnage would have been observed in comparison to the V2O5Eq cut-off.
The V2O5, Fe and TiO2 prices used in the SGS-Geostat report were provided by Dr. C. Derosier of Apella as of June 21th, 2010 the same as utilized in the August 2010 report. Those prices were obtained from Metalprices.com, a website specializing in the current metal prices in the World. SGS-Geostat did not do an extensive research of the dollar value of vanadium, TiO2 and Fe concentrates.
V2O5EQ = V2O5 + 0.011*Fe + 0.006**TiO2 in %
*$182/tonne metric
**$90/tonne metric
V2O5: 14$/kg
The prices were provided by Dr. C. Derosier of Apella.
It should be noted that this latest resource estimation by SGS-Geostat does not include the 19 hole, 2,893m (9,491ft) Phase 4 diamond drill program just finished by Apella on this project. This latest 19 hole drill program included 11 in-fill drill holes in the main Genesis Deposit being delineated on the Iron-T Vanadium-Iron-Titanium Project.
As part of the independent verification program, SGS-Geostat validated Apella’s exploration methodology including core logging, sampling, analytical procedures, and QAQC protocols and procedures.
Although still considered as preliminary and based on the optic of an open pit operation, the mineral processing results of 2009 and 2010 showed interestingly good recovery results. Tests included limited Davis tube tests, density tests, Satmagan tests and a mineralogy study. The 2011 Davis tube Vanadium recovery was high; averaging 88.7% recovery with 90% of samples having a recovery of greater than 79.6%. This means that the Iron-T mineralization has an excellent recovery rate. Specific Gravity (SG) testing gave results from 2.93 to 4.37 and a mean average SG of 3.68. The specific gravity is a function of the concentration and weight of the mineralization. The Satmagan (content magnetite (Fe3O4)) averaged at 33.8%, and ranged from 13.7% to 48.8%. Results of the Satmagan shows that magnetic iron oxide content varies from disseminated to massive layers. The average Ti and V contents were 5.51% and 0.34%, respectively. These results show that Titanium represents a non-negligible element and that the vanadium content is similar to the Lac Doré deposit. The concentrates from the mineralogy tests contained between 80.9% and 96.5% combined Fe-Oxides, Ti-Magnetite and Ilmenite; which means that the concentration method is adequate and the recovery obtained is excellent. For most of the samples analyzed, the major carrier of Vanadium is the Fe-Oxides (ranging from 66.2% and 91.2%) with Ti-Magnetite being a minor carrier, at between 7.19% and 32.0%; which means that layers with higher Ti values will return lower vanadium values. Between 64.3% and 90.9% of the Oxides were free, and between 6.46% and 20.7% of the Oxides were liberated. This signifies that oxides are easily recoverable by physical process. The locked Oxides were mostly associated with non-opaque gangue (between 2.22% and 14.9%), with a much smaller proportion associated with sulphides (between 0.00% and 1.92%). This is excellent for Apella because the Iron-T deposit has a very low sulphide content which permits it to be used by the steel industry.
The mineral resource block model has been interpolated from 1.25 m long analytical composite data constrained within a 3D wireframe envelop of the mineralized geological model defined from drill hole mineralized intercepts. The mineral resource model is defined by blocks 5 m (east-west) by 5 m (north-south) by 5 m (elevation) in size, located below the bedrock/overburden interface, and covers an area located within sections 324,500 m E and 325,800 m E on the Property to a maximum depth of 220m below surface. The length of the drill tested zone comprised between these two coordinates, is 1,300m. The interpolation of the block grade was performed by inverse distance squared method in multiple passes using anisotropic search ellipsoids increasing is size from one pass to another. This is an industry standard. The mineral resources calculated by SGS and representing a small portion of the property correspond to the estimated blocks located below the bedrock/overburden interface. A bulk density (SG) of 3.5t/m3 was used to calculate the final tonnage of the mineral resources based on the available data. Each deposit is unique and has its own specific gravity depending of the mineral composition and concentration.
Following a bias observed in 2010 by SGS-Geostat, corresponding in a 15% average grade difference between original and duplicate V2O5 (Vanadium Oxide) assay results, reported by various labs utilized SGS-Geostat initiated a 2011 independent sampling program involving the assay of 81 samples submitted to two other independent certified laboratories. The 2011 independent sampling program was similar to the 2010 independent sampling program. The V2O5 (V) average grade of original assays gave results from 12.9% to 18.7% higher than the independent samples (SGS Lakefield and Actlabs). SGS found that the ALS-Chemex laboratory tends to be the one with the overall highest average iron, TiO2 and V2O5 grades. The SGS Lakefield laboratory and Actlabs are respectively ranked second and third. Since the majority if not all of the original samples were sent to the ALS-Chemex lab, SGS strongly recommends continuing and implementing QAQC procedures involving certified materials (standards) from the industry to be sent to the ALS-Chemex lab to check any calibration errors. Apella is implementing a QAQC program involving the assay of certified materials (standards) in order to verify the calibration of the laboratory and two other laboratories. According to the findings of this QAQC program, these results will help determine a correction factor on the assay results.
SGS made the following recommendations:” The project needs additional definition including detailed cartography and diamond drilling before being ready for mining. The additional drilling would increase significantly the quality of the geological information as well as the update of the overall resources and the geological model. With addition of the drilling data, the update of the resources could include the measured and indicated resources categories. SGS recommends infill drilling and target drilling.”
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
SGS-Geostat Delivers New Resource Calculation Iron-T Vanadium-Iron-Titanium Project
Vancouver, BC – June 3, 2011
Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce that SGS-Geostat has delivered to Apella its updated NI 43-101 resource estimation update for the Iron-T Vanadium-Iron-Titanium Project in Quebec, Canada. The Iron-T Vanadium-Titanium-Iron property located 18km east of Matagami in the Province of Québec, Canada. This latest calculation reports an estimated increase of 24% in the quantity of the inferred resource over the previous report dated August 2010.
The intent of this updated resource estimation report by SGS-Geostat was to provide a comprehensive review of the 2009-2010 exploration activities. This latest independent NI 43-101 resource estimate completed by SGS-Geostat is based on 41 drill holes including 2 revised historical drill holes for a total length of 5,519 metres (18,107ft).
In SGS-Geostat’s opinion, the Iron-T mineral deposit contains enough resources to justify additional exploration work and development work on the property in the optic of a bulk sampling, preliminary economic assessment study and prefeasibility study.
Currently, all of the resources reported on the Iron-T are classified in the inferred category. Many of the sections so far contain only one drill hole giving limited information on the deposit. Even though two separate small interpreted solids were intersected by at least two drill holes (trenches) within a radius of 50m, there is not enough information yet validating the grade and lateral continuity of the solids. For this reason holes MA-10-35, MA-10-36, MA-11-37 drilled on the western extension of the Main Zone over a distance of 1.8 km have not been considered in the resource calculations, despite their excellent mineralized intersections.
The classified inferred resources reported in this latest SGS-Geostat report are compliant with standards as outlined in the National Instrument 43-101. These resources were calculated using a minimum cut-off grade of 0.48% V2O5Eq and now estimated at 14,376,000 tonnes of the inferred category at 0.42% V2O5. This represents a 24% increase in the classified inferred resource of 11,600,000 tonnes in SGS-Geostat’s last report.
The mineral resources estimated to date on the Iron-T Project by SGS-Geostat are presented in the table below.
Current Inferred Mineral Resource Estimate – Iron-T Project
V2O5Eq Cuttoff (%)
Tonnage
Volume
Fe (%)
Fe2O3 (%)
TiO2 (%)
V2O5 (%)
V2O5Eq (Eq)
0.48
14,376,000
6,331,000
27.30
39.04
6.55
0.42
0.77
Considering the fact that the Iron-T mineral deposit holds a “non-negligible” portion of TiO2 and Iron ore, SGS considers the 0.48% V2O5Eq cut-off grade as a conservative cut-off and is the one recommended. This cut-off corresponds roughly to a combined cut-off of 0.26% V2O5 and 3.78% TiO2. If the combined cut-off would have been used, a small decrease in tonnage would have been observed in comparison to the V2O5Eq cut-off.
The V2O5, Fe and TiO2 prices used in the SGS-Geostat report were provided by Dr. C. Derosier of Apella as of June 21th, 2010 the same as utilized in the August 2010 report. Those prices were obtained from Metalprices.com, a website specializing in the current metal prices in the World. SGS-Geostat did not do an extensive research of the dollar value of vanadium, TiO2 and Fe concentrates.
V2O5EQ = V2O5 + 0.011*Fe + 0.006**TiO2 in %
*$182/tonne metric
**$90/tonne metric
V2O5: 14$/kg
The prices were provided by Dr. C. Derosier of Apella.
It should be noted that this latest resource estimation by SGS-Geostat does not include the 19 hole, 2,893m (9,491ft) Phase 4 diamond drill program just finished by Apella on this project. This latest 19 hole drill program included 11 in-fill drill holes in the main Genesis Deposit being delineated on the Iron-T Vanadium-Iron-Titanium Project.
As part of the independent verification program, SGS-Geostat validated Apella’s exploration methodology including core logging, sampling, analytical procedures, and QAQC protocols and procedures.
Although still considered as preliminary and based on the optic of an open pit operation, the mineral processing results of 2009 and 2010 showed interestingly good recovery results. Tests included limited Davis tube tests, density tests, Satmagan tests and a mineralogy study. The 2011 Davis tube Vanadium recovery was high; averaging 88.7% recovery with 90% of samples having a recovery of greater than 79.6%. This means that the Iron-T mineralization has an excellent recovery rate. Specific Gravity (SG) testing gave results from 2.93 to 4.37 and a mean average SG of 3.68. The specific gravity is a function of the concentration and weight of the mineralization. The Satmagan (content magnetite (Fe3O4)) averaged at 33.8%, and ranged from 13.7% to 48.8%. Results of the Satmagan shows that magnetic iron oxide content varies from disseminated to massive layers. The average Ti and V contents were 5.51% and 0.34%, respectively. These results show that Titanium represents a non-negligible element and that the vanadium content is similar to the Lac Doré deposit. The concentrates from the mineralogy tests contained between 80.9% and 96.5% combined Fe-Oxides, Ti-Magnetite and Ilmenite; which means that the concentration method is adequate and the recovery obtained is excellent. For most of the samples analyzed, the major carrier of Vanadium is the Fe-Oxides (ranging from 66.2% and 91.2%) with Ti-Magnetite being a minor carrier, at between 7.19% and 32.0%; which means that layers with higher Ti values will return lower vanadium values. Between 64.3% and 90.9% of the Oxides were free, and between 6.46% and 20.7% of the Oxides were liberated. This signifies that oxides are easily recoverable by physical process. The locked Oxides were mostly associated with non-opaque gangue (between 2.22% and 14.9%), with a much smaller proportion associated with sulphides (between 0.00% and 1.92%). This is excellent for Apella because the Iron-T deposit has a very low sulphide content which permits it to be used by the steel industry.
The mineral resource block model has been interpolated from 1.25 m long analytical composite data constrained within a 3D wireframe envelop of the mineralized geological model defined from drill hole mineralized intercepts. The mineral resource model is defined by blocks 5 m (east-west) by 5 m (north-south) by 5 m (elevation) in size, located below the bedrock/overburden interface, and covers an area located within sections 324,500 m E and 325,800 m E on the Property to a maximum depth of 220m below surface. The length of the drill tested zone comprised between these two coordinates, is 1,300m. The interpolation of the block grade was performed by inverse distance squared method in multiple passes using anisotropic search ellipsoids increasing is size from one pass to another. This is an industry standard. The mineral resources calculated by SGS and representing a small portion of the property correspond to the estimated blocks located below the bedrock/overburden interface. A bulk density (SG) of 3.5t/m3 was used to calculate the final tonnage of the mineral resources based on the available data. Each deposit is unique and has its own specific gravity depending of the mineral composition and concentration.
Following a bias observed in 2010 by SGS-Geostat, corresponding in a 15% average grade difference between original and duplicate V2O5 (Vanadium Oxide) assay results, reported by various labs utilized SGS-Geostat initiated a 2011 independent sampling program involving the assay of 81 samples submitted to two other independent certified laboratories. The 2011 independent sampling program was similar to the 2010 independent sampling program. The V2O5 (V) average grade of original assays gave results from 12.9% to 18.7% higher than the independent samples (SGS Lakefield and Actlabs). SGS found that the ALS-Chemex laboratory tends to be the one with the overall highest average iron, TiO2 and V2O5 grades. The SGS Lakefield laboratory and Actlabs are respectively ranked second and third. Since the majority if not all of the original samples were sent to the ALS-Chemex lab, SGS strongly recommends continuing and implementing QAQC procedures involving certified materials (standards) from the industry to be sent to the ALS-Chemex lab to check any calibration errors. Apella is implementing a QAQC program involving the assay of certified materials (standards) in order to verify the calibration of the laboratory and two other laboratories. According to the findings of this QAQC program, these results will help determine a correction factor on the assay results.
SGS made the following recommendations:” The project needs additional definition including detailed cartography and diamond drilling before being ready for mining. The additional drilling would increase significantly the quality of the geological information as well as the update of the overall resources and the geological model. With addition of the drilling data, the update of the resources could include the measured and indicated resources categories. SGS recommends infill drilling and target drilling.”
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Antwort auf Beitrag Nr.: 41.734.431 von Popeye82 am 03.07.11 03:00:35Dass das Geld in Bälde aus sei, geht zumindest aus der letzten Bilanz nicht hervor:
APELLA RESOURCES INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited – Prepared by Management)
-----------------------April 30, 2011---October 31, 2010
--------------------------------$------------------$
ASSETS
CURRENT ASSETS
Cash and cash equivalents---1,873,316------------403,008
Receivables (Note 9)----------212,693-------------72,342
Short-term investments--------555,927----------1,511,061
Prepaid expenses---------------56,433-------------58,986
Summe-----------------------2,698,369----------2,045,397
APELLA RESOURCES INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited – Prepared by Management)
-----------------------April 30, 2011---October 31, 2010
--------------------------------$------------------$
ASSETS
CURRENT ASSETS
Cash and cash equivalents---1,873,316------------403,008
Receivables (Note 9)----------212,693-------------72,342
Short-term investments--------555,927----------1,511,061
Prepaid expenses---------------56,433-------------58,986
Summe-----------------------2,698,369----------2,045,397
Antwort auf Beitrag Nr.: 41.735.844 von mickefett am 03.07.11 20:02:59
Naja -dann warte mal ab was Explorationsprogramme kosten.
Gruß
P.
Naja -dann warte mal ab was Explorationsprogramme kosten.
Gruß
P.
http://www.theaureport.com/pub/co/2113
Expert Analysis
Natasha Liddell, Ocean Equities (7/15/11) "Apella Resources owns two vanidiferous magnetite deposits: Iron-T and Lac Dore in Quebec, Canada. . .Iron-T is currently at an early stage of exploration with an inferred resource of 14.38 Mt. at 0.42 V2O5, while Iron-T's preliminary mineral-processing tests from spring 2010 returned results above 79% V recovery using the Davis-tube process solely; the Lac Dore deposit may have a very large resource at compelling grades, based on historic data and work carried out on pre-NI-43-101 standards. . .stripping and drilling work completed in 2009 intersected massive magnetite grades with V2O5 as high as 1.09%, along with 54.88% Fe and 13.08% TiO2. Apella has potential to further expand the resource at Iron-T, as well as upside with the large Lac Dore deposit estimated to have ~100 Mt. at 0.49% V2O5 (non-NI43-101 compliant)."
Expert Analysis
Natasha Liddell, Ocean Equities (7/15/11) "Apella Resources owns two vanidiferous magnetite deposits: Iron-T and Lac Dore in Quebec, Canada. . .Iron-T is currently at an early stage of exploration with an inferred resource of 14.38 Mt. at 0.42 V2O5, while Iron-T's preliminary mineral-processing tests from spring 2010 returned results above 79% V recovery using the Davis-tube process solely; the Lac Dore deposit may have a very large resource at compelling grades, based on historic data and work carried out on pre-NI-43-101 standards. . .stripping and drilling work completed in 2009 intersected massive magnetite grades with V2O5 as high as 1.09%, along with 54.88% Fe and 13.08% TiO2. Apella has potential to further expand the resource at Iron-T, as well as upside with the large Lac Dore deposit estimated to have ~100 Mt. at 0.49% V2O5 (non-NI43-101 compliant)."
By Damon van der Linde – Exclusive to Vanadium Investing News
As demand for renewable energy sources grows, so will the need to store that energy. Because both wind and solar power do not provide a consistent flow of electricity, technology like the vanadium redox battery (VRB) is gaining the attention of commercial operations as well as governments, projecting a push in future demand for the mineral.
“The overall acceptance of energy storage globally is becoming more and more, and that’s going to boost the batteries that can cycle and do things that only we can do,” said Tim Hennessy, President of Prudent Energy, a United States-based company that designs and manufactures vanadium redox battery energy storage systems.
According to the Vanadium International Technical Committee (VANITEC) the vast majority of vanadium is used to strengthen steel. However, the use of vanadium in battery technologies, like the VRB, is growing.
What makes vanadium an ideal mineral for battery technology is that as a transition metal four energy states can be created within the same material. Vanadium is used in the electrolyte state in VRBs, which are a type of flow battery. The electrolyte is the element that stores the energy and that flows through or past an electrode. This movement of electrons or protons across a membrane allows heat to be taken out of the battery and separates the energy storage from the power.
Hennessy explained that one advantage of a flow battery is that it can be scaled up to the desired size without having to increase the power output, as with a lithium battery. Controlled scaling is ideal for large-scale applications like powering grids, as the VRB is limited only by space in its storage capacity.
“Another advantage of the VRB is that unlike most other battery technologies, it can be repeatedly cycled without affecting the lifespan.” said Hennessy.
The downside of this is that the VRB has a lower energy density than other battery formats, meaning that Prudent Energy’s current products are focused more on commercial applications.
“Its applications are limited to places where you have sufficient space, you can’t jam it into your computer or a car, and you can’t jam it into a very small space down in the basement necessarily,” said Hennessy. “It is primarily focused on places that you have space like wind farms and solar, or companies where they have larger loads.”
Hennessy projects an increase in demand for vanadium in batteries, equaling 10-15 percent of the mineral’s total use in the next three years.
“Demand for vanadium in going to be increasing, but having said that, vanadium is pretty plentiful. The volume of supply now is limited only to manage the price and that is used mainly in the steel industry,” he said.
Energizer Resources (CVE:EGZ) is one company that is planning to produce vanadium at its Green Giant project in Madagascar by the end of 2014. What makes this project unique is that because it is sediment-hosted rather than magnetite hosted, it will be producing vanadium as a primary product – ideal for the demands of the battery industry.
“High-purity and battery-grade are two different things. The steel industry requires a high purity vanadium, but it’s not a battery grade,” said Brent Nykoliation, Vice President of Business Development at Energizer Resources.
Nykoliation said that projects like Energizer’s are going to be needed in the future as the battery industry grows and other vanadium producers who primarily target the steel industry must perform additional processing to remove impurities from their product.
“What they fail to tell people is that if you produce this vanadium for the battery world, it needs to be further processed. This means additional operating costs because you have to remove the contaminants,” said Nykoliation. “It’s a significant cost jump to go from a normal vanadium product to a battery-grade product, and then to get an electrolyte.”
Other developments in the vanadium battery market may come from vanadium-charged lithium batteries for use in high-performance technology like electric vehicles, which Nykoliation says are currently in the process of being developed by laboratories in the United States, Germany and Japan.
“All these world-class labs are fast-tracking the vanadium battery development and that makes me feel good – there is a huge untapped market,” said Nykoliation. “There is a technological breakthrough and the tipping point is fast approaching. It’s not if, but when.”
As demand for renewable energy sources grows, so will the need to store that energy. Because both wind and solar power do not provide a consistent flow of electricity, technology like the vanadium redox battery (VRB) is gaining the attention of commercial operations as well as governments, projecting a push in future demand for the mineral.
“The overall acceptance of energy storage globally is becoming more and more, and that’s going to boost the batteries that can cycle and do things that only we can do,” said Tim Hennessy, President of Prudent Energy, a United States-based company that designs and manufactures vanadium redox battery energy storage systems.
According to the Vanadium International Technical Committee (VANITEC) the vast majority of vanadium is used to strengthen steel. However, the use of vanadium in battery technologies, like the VRB, is growing.
What makes vanadium an ideal mineral for battery technology is that as a transition metal four energy states can be created within the same material. Vanadium is used in the electrolyte state in VRBs, which are a type of flow battery. The electrolyte is the element that stores the energy and that flows through or past an electrode. This movement of electrons or protons across a membrane allows heat to be taken out of the battery and separates the energy storage from the power.
Hennessy explained that one advantage of a flow battery is that it can be scaled up to the desired size without having to increase the power output, as with a lithium battery. Controlled scaling is ideal for large-scale applications like powering grids, as the VRB is limited only by space in its storage capacity.
“Another advantage of the VRB is that unlike most other battery technologies, it can be repeatedly cycled without affecting the lifespan.” said Hennessy.
The downside of this is that the VRB has a lower energy density than other battery formats, meaning that Prudent Energy’s current products are focused more on commercial applications.
“Its applications are limited to places where you have sufficient space, you can’t jam it into your computer or a car, and you can’t jam it into a very small space down in the basement necessarily,” said Hennessy. “It is primarily focused on places that you have space like wind farms and solar, or companies where they have larger loads.”
Hennessy projects an increase in demand for vanadium in batteries, equaling 10-15 percent of the mineral’s total use in the next three years.
“Demand for vanadium in going to be increasing, but having said that, vanadium is pretty plentiful. The volume of supply now is limited only to manage the price and that is used mainly in the steel industry,” he said.
Energizer Resources (CVE:EGZ) is one company that is planning to produce vanadium at its Green Giant project in Madagascar by the end of 2014. What makes this project unique is that because it is sediment-hosted rather than magnetite hosted, it will be producing vanadium as a primary product – ideal for the demands of the battery industry.
“High-purity and battery-grade are two different things. The steel industry requires a high purity vanadium, but it’s not a battery grade,” said Brent Nykoliation, Vice President of Business Development at Energizer Resources.
Nykoliation said that projects like Energizer’s are going to be needed in the future as the battery industry grows and other vanadium producers who primarily target the steel industry must perform additional processing to remove impurities from their product.
“What they fail to tell people is that if you produce this vanadium for the battery world, it needs to be further processed. This means additional operating costs because you have to remove the contaminants,” said Nykoliation. “It’s a significant cost jump to go from a normal vanadium product to a battery-grade product, and then to get an electrolyte.”
Other developments in the vanadium battery market may come from vanadium-charged lithium batteries for use in high-performance technology like electric vehicles, which Nykoliation says are currently in the process of being developed by laboratories in the United States, Germany and Japan.
“All these world-class labs are fast-tracking the vanadium battery development and that makes me feel good – there is a huge untapped market,” said Nykoliation. “There is a technological breakthrough and the tipping point is fast approaching. It’s not if, but when.”
US Could Face Vanadium Shortage as Demand Increases in China
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Mon, Aug 15, 2011
Feature Articles, Vanadium Articles
Post by Damon van der Linde, Vanadium Senior Reporter
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By Damon van der Linde – Exclusive to Vanadium Investing News
Increased vanadium demand from China as a steel strengthener, titanium in the aerospace industry and the emerging battery market have continued to raise vanadium prices in recent years, and could soon lead to a global shortage without an increase in production.
“The forecasts are pretty clear that there should be a long-term shortage where there has been an oversupply for the past 10 years, so the price of vanadium should rise continually over the next five or 10 years,” says Bill Radvak, President and CEO of American Vanadium Corp. (CVE:AVC).
Radvak says the demand is largely being pushed by a new regulation in China implemented on July 1, 2011, requiring vanadium in rebar for all new buildings. Roughly 92 percent of vanadium is used in high-strength, low-alloy steels, four percent in titanium alloys for air fames, jet engines, and tools, while the remaining four percent is used in chemicals as catalysts, sulfuric acid production, and energy mass storage like the vanadium redox battery.
The United States is currently almost completely dependent on imported vanadium from China, Venezuela, South Africa and Russia, while a small percentage comes from spent catalyst, residues from burning coal and heavy oil, by-product of uranium mining, and imported pig iron slag. Radvak says that the opening of the Gibellini project in Nevada focuses on establishing a stronger domestic production of the mineral, projecting 14 million tonnes of vanadium pentoxide per year which would equate 50 percent of US demand or five percent of global demand. Radvak says that with the current permitting process, in a best case scenario American Vanadium could start production by the end of 2012.
The Gibellini Project is not the only US initiative seeking to increase a domestic supply of vanadium, though it is projecting to be one of the biggest. The Bison McKay Project, which is adjacent to Gibellini, currently being developed by Stina Resources LTD. (CVE:SQA), is in the process of verifying their technical report while EMC Metals Corporation’s (TSE:EMC) Carlin Project – also in Nevada – is continuing exploration work.
“The US is really left out in the cold on a lot of different metals. They’re taking a very active role in trying to get much more vertically integrated from raw materials right through to production and vanadium is a place with us that they could play directly and fairly inexpensively to control that whole supply chain,” said Radvak. “[The U.S. currently] does not have what one would consider a secure supply of an important metal.”
Though the U.S. Geological Survey, Mineral Commodity Study says vanadium’s role as a strengthener in steel can to some degree be substituted with various combinations of other alloying elements such as columbium, manganese, molybdenum, titanium, and tungsten, “there is currently no acceptable substitute for vanadium in aerospace titanium alloys.”
“There’s no real replacement out there in those areas for vanadium,” says Radvak.
American Vanadium is also one of several companies trying to establish a supply of vanadium as an electrolyte to be used in the growing grid-scale applications of the vanadium redox battery.
“We’re seeing that the energy storage space is going from something that was interesting and novel a few years ago to today which is on the verge of explosive growth and when that happens vanadium redox batteries are going to be one of the major demands from there,” said Paul Casey, Director of Business Development at American Vanadium
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Mon, Aug 15, 2011
Feature Articles, Vanadium Articles
Post by Damon van der Linde, Vanadium Senior Reporter
inShare.3
By Damon van der Linde – Exclusive to Vanadium Investing News
Increased vanadium demand from China as a steel strengthener, titanium in the aerospace industry and the emerging battery market have continued to raise vanadium prices in recent years, and could soon lead to a global shortage without an increase in production.
“The forecasts are pretty clear that there should be a long-term shortage where there has been an oversupply for the past 10 years, so the price of vanadium should rise continually over the next five or 10 years,” says Bill Radvak, President and CEO of American Vanadium Corp. (CVE:AVC).
Radvak says the demand is largely being pushed by a new regulation in China implemented on July 1, 2011, requiring vanadium in rebar for all new buildings. Roughly 92 percent of vanadium is used in high-strength, low-alloy steels, four percent in titanium alloys for air fames, jet engines, and tools, while the remaining four percent is used in chemicals as catalysts, sulfuric acid production, and energy mass storage like the vanadium redox battery.
The United States is currently almost completely dependent on imported vanadium from China, Venezuela, South Africa and Russia, while a small percentage comes from spent catalyst, residues from burning coal and heavy oil, by-product of uranium mining, and imported pig iron slag. Radvak says that the opening of the Gibellini project in Nevada focuses on establishing a stronger domestic production of the mineral, projecting 14 million tonnes of vanadium pentoxide per year which would equate 50 percent of US demand or five percent of global demand. Radvak says that with the current permitting process, in a best case scenario American Vanadium could start production by the end of 2012.
The Gibellini Project is not the only US initiative seeking to increase a domestic supply of vanadium, though it is projecting to be one of the biggest. The Bison McKay Project, which is adjacent to Gibellini, currently being developed by Stina Resources LTD. (CVE:SQA), is in the process of verifying their technical report while EMC Metals Corporation’s (TSE:EMC) Carlin Project – also in Nevada – is continuing exploration work.
“The US is really left out in the cold on a lot of different metals. They’re taking a very active role in trying to get much more vertically integrated from raw materials right through to production and vanadium is a place with us that they could play directly and fairly inexpensively to control that whole supply chain,” said Radvak. “[The U.S. currently] does not have what one would consider a secure supply of an important metal.”
Though the U.S. Geological Survey, Mineral Commodity Study says vanadium’s role as a strengthener in steel can to some degree be substituted with various combinations of other alloying elements such as columbium, manganese, molybdenum, titanium, and tungsten, “there is currently no acceptable substitute for vanadium in aerospace titanium alloys.”
“There’s no real replacement out there in those areas for vanadium,” says Radvak.
American Vanadium is also one of several companies trying to establish a supply of vanadium as an electrolyte to be used in the growing grid-scale applications of the vanadium redox battery.
“We’re seeing that the energy storage space is going from something that was interesting and novel a few years ago to today which is on the verge of explosive growth and when that happens vanadium redox batteries are going to be one of the major demands from there,” said Paul Casey, Director of Business Development at American Vanadium
Apella Resources Names Tanvir A. Khandaker to its Advisory Board - Aug 16, 2011
http://finance.yahoo.com/news/Apella-Resources-Names-Tanvir-…
"Apella Resources Inc. (TSX VENTURE:APA - News; PINK SHEETS:APAFF - News; OTCQX:APAFF)(FRANKFURT:NWN - News), which owns potentially the largest and most significant vanadium assets in North America and perhaps the largest combined resource of Vanadium in the world (stimmt glaube ich(ausgehend von APA Explorationszielen +aktuell bekannten Vanadiumunternehmen/Resourcen), definitiv, nicht ) ), has approved and appointed Tanvir A. Khandaker, to its Advisory Board.
Mr. Tanvir A. Khandaker is Principal and Group Manager of KDRMORGAN Limited Inc., a Wall Street based Buy-Side Advisory and Risk Management firm and also serves as the Chief Portfolio Strategist of KDR resources Alpha Fund, a Private Equity Fund that specializes in investing in Small Cap Global resource companies that are attractive M&A targets. As a Contrarian Value Investor and as an Independent Advisor to various funds, he has over 10 years of Wall Street Advisor experience. Prior to KDRMORGAN Limited, Inc he founded and managed Roushan Khandaker Group; a boutique Global Small Cap Equities research firm focused on the Metals and Mining Sectors.
"I am looking forward to working with Apella Resources' team, as I believe in the significant potential of Apella's Lac Dore and Iron-T projects; specifically since these Vanadium assets have the potential of becoming such a large opportunity for a junior company. In addition to the Vanadium, both the Iron and Titanium credits could significantly bolster the company's cash flow once it goes into production," commented Tan Khandaker. He further stated, "Apella's Vanadium deposits represent the first potential supply of Vanadium inside North America, of significance. This could power the U.S. economy from Battery operated transportation to steel production and infrastructure expansion. More importantly, if used as a strategic metal, Vanadium could create the paradigm shift in the green energy sector and thus play a major role in reducing our domestic carbon footprint. "
"Tan Khandaker's background in the Mining Sector, as well as his experience in the public markets will be invaluable resources to Apella," stated Patrick O'Brien, Chief Executive Officer. "I'm very excited to be working with Tan. He adds necessary experience to the Company as we move our business plan forward," O'Brien concluded.
The global economic recovery in the next 24 months, featured by infrastructure growth, is going to be good for steel industry growth, BRIC's and frontier markets. If it is good for steel, it is going to be very good for Vanadium. Green Energy and new brands of lithium batteries could drive vanadium demand even further. Energy Storage is also a significant area of growth for Vanadium. Tan Khandaker stated, "I would like to continue to advise the company in its capital market positioning and financing strategy to validate and grow the project portfolio at Apella and make them a serious strategic metal player."
Mr. Tanvir A. Khandaker serves on Apella's Advisory Board effective August 15, 2011.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed. "
http://finance.yahoo.com/news/Apella-Resources-Names-Tanvir-…
"Apella Resources Inc. (TSX VENTURE:APA - News; PINK SHEETS:APAFF - News; OTCQX:APAFF)(FRANKFURT:NWN - News), which owns potentially the largest and most significant vanadium assets in North America and perhaps the largest combined resource of Vanadium in the world
(stimmt glaube ich(ausgehend von APA Explorationszielen +aktuell bekannten Vanadiumunternehmen/Resourcen), definitiv, nicht ) ), has approved and appointed Tanvir A. Khandaker, to its Advisory Board.Mr. Tanvir A. Khandaker is Principal and Group Manager of KDRMORGAN Limited Inc., a Wall Street based Buy-Side Advisory and Risk Management firm and also serves as the Chief Portfolio Strategist of KDR resources Alpha Fund, a Private Equity Fund that specializes in investing in Small Cap Global resource companies that are attractive M&A targets. As a Contrarian Value Investor and as an Independent Advisor to various funds, he has over 10 years of Wall Street Advisor experience. Prior to KDRMORGAN Limited, Inc he founded and managed Roushan Khandaker Group; a boutique Global Small Cap Equities research firm focused on the Metals and Mining Sectors.
"I am looking forward to working with Apella Resources' team, as I believe in the significant potential of Apella's Lac Dore and Iron-T projects; specifically since these Vanadium assets have the potential of becoming such a large opportunity for a junior company. In addition to the Vanadium, both the Iron and Titanium credits could significantly bolster the company's cash flow once it goes into production," commented Tan Khandaker. He further stated, "Apella's Vanadium deposits represent the first potential supply of Vanadium inside North America, of significance. This could power the U.S. economy from Battery operated transportation to steel production and infrastructure expansion. More importantly, if used as a strategic metal, Vanadium could create the paradigm
shift in the green energy sector and thus play a major role in reducing our domestic carbon footprint. ""Tan Khandaker's background in the Mining Sector, as well as his experience in the public markets will be invaluable resources to Apella," stated Patrick O'Brien, Chief Executive Officer. "I'm very excited to be working with Tan. He adds necessary experience to the Company as we move our business plan forward," O'Brien concluded.
The global economic recovery in the next 24 months, featured by infrastructure growth, is going to be good for steel industry growth, BRIC's and frontier markets. If it is good for steel, it is going to be very good for Vanadium. Green Energy and new brands of lithium batteries could drive vanadium demand even further. Energy Storage is also a significant area of growth for Vanadium. Tan Khandaker stated, "I would like to continue to advise the company in its capital market positioning and financing strategy to validate and grow the project portfolio at Apella and make them a serious strategic metal player."
Mr. Tanvir A. Khandaker serves on Apella's Advisory Board effective August 15, 2011.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed. "
http://www.theaureport.com/pub/co/2113
Expert Analysis
Brad Lemaire, Proactive Investors.com (8/17/11) "Junior exploration company Apella Resources Inc. reported on Wednesday it has appointed Tanvir A. Khandaker to its advisory board. . .the company, which owns potentially the largest and most significant vanadium assets in North America and perhaps the largest combined resource of vanadium in the world, develops vanadium-iron-titanium deposits."
Expert Analysis
Brad Lemaire, Proactive Investors.com (8/17/11) "Junior exploration company Apella Resources Inc. reported on Wednesday it has appointed Tanvir A. Khandaker to its advisory board. . .the company, which owns potentially the largest and most significant vanadium assets in North America and perhaps the largest combined resource of vanadium in the world, develops vanadium-iron-titanium deposits."
Dennis Bordin, P.Eng-Joins Apella's Board of Directors - Aug 18, 2011
www.marketwire.com/press-release/dennis-bordin-peng-joins-ap…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is very pleased to announce the appointment of Dennis Bordin, P.Eng to the Board of Directors effective September 1, 2011. Mr. Bordin is registered as a Professional Engineer in the Province of Ontario and is an active member of The Canadian Institute of Mining and Metallurgy, the Prospectors and Developers Association of Canada and the American Institute of Mining Engineers.
Mr. Bordin, P.Eng, of Timmins, Ontario, is a professional mining engineer with 30 years of experience in the industry. He has experience in all aspects of the business both domestically and internationally, including mineral exploration, mine feasibility, open-pit/underground operations, smelting and refining.
Dennis possesses a wealth of knowledge in the area of international procurement and logistics of mineral feeds for processing in Canadian smelting operations.
Mr. Bordin worked on northern Labrador iron ore projects with the Iron Ore Company of Canada dealing with development and logistics of mining in a remote sensitive area. With the discovery of the renowned Kidd Creek deposit by TexasGulf near Timmins, Ontario he worked for TexasGulf on the open-pit and underground transformation. Later with Falconbridge Limited (third largest nickel producer in the world and owners of the Raglan Ni-PGM and Kidd Creek Zn-Polymetallic Mine and Met plant, the deepest copper/zinc mine in the world) he focused on environmental issues affecting the operation of large metallurgical complexes, in particular, in the control of sulphur dioxide emission control and acid plants in Canada.
While with Falconbridge and Noranda, Mr. Bordin was a key team member and instrumental in the international procurement and negotiation of base metal feeds for smelting and refining at the Canadian processing site. Also with the Falconbridge and Noranda group he was a key player in the contract negotiation and logistics for the movement of Chilean copper concentrate feed from Collahausi (world's largest copper mine and one of the newest) to Canada for treatment over a 10-year period.
Mr. Bordin headed up a privately held exploration group and has had joint ventures with Texasgulf, Northgate, Cominco, Noranda and Rubicon Resources.
He served as Chairman for the International Cadmium Council (Washington D.C.) and served on numerous mining committees dealing with closure, environment, health and sensitive mining areas.
Mr. Bordin, P.Eng commented, "I am very pleased to be joining the Board of Apella at this pivotal time when it is about to develop two very significant Vanadium-Iron-Titanium deposits in Quebec."
Apella's Chairman Patrick O'Brien stated, "Mr. Bordin brings many years of valuable experience in the operation of open pit mines to our team. He is also very experienced in the environmental aspects affecting Canadian mining operations and will prove instrumental as we move the Lac Dore and Iron-T deposits forward toward production."
Mr. Brian Adams, FCGA, a director of Apella Resources since 2002, has relinquished his position to enable Mr. Bordin's appointment. The Company would like to thank Brian for his contribution of time and expertise over the past nine years, while serving on our Company's Board.
Brian will continue to serve Apella in his capacity of Chief Financial Officer.
Mr. Adams, FCGA, a resident of British Columbia, Canada, is a Certified General Accountant and has been a Principal in a highly respected independent accounting firm since 1968. Mr. Adams was elected a 'Fellow' of the Canadian CGA Association in 1974, a Life Member of the CGA Association of B.C in 1978 and received the Queen's Silver Jubilee Medal in 1977 for service to his profession. He has served on the Board of Governors of the CGA Association of B.C. and the Board of Directors of CGA Canada; as President of the CGA Association of B.C. and Chairman of CGA Canada; served as one of three Canadian representatives to the International Federation of Accountants; has been appointed a member of the Auditor Certification Board of B.C. and served as Chairman. Mr. Adams, in addition to many years of accounting experience, has considerable experience in supervising and conducting audits of Credit Unions, Trust Accounts and commercial ventures. He is an 'Accepted Expert Witness' by various Courts in Valuation and Accounting matters, and has served as a Court Appointed Receiver on numerous occasions.
Additional information will be contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Director
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed "
www.marketwire.com/press-release/dennis-bordin-peng-joins-ap…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is very pleased to announce the appointment of Dennis Bordin, P.Eng to the Board of Directors effective September 1, 2011. Mr. Bordin is registered as a Professional Engineer in the Province of Ontario and is an active member of The Canadian Institute of Mining and Metallurgy, the Prospectors and Developers Association of Canada and the American Institute of Mining Engineers.
Mr. Bordin, P.Eng, of Timmins, Ontario, is a professional mining engineer with 30 years of experience in the industry. He has experience in all aspects of the business both domestically and internationally, including mineral exploration, mine feasibility, open-pit/underground operations, smelting and refining.
Dennis possesses a wealth of knowledge in the area of international procurement and logistics of mineral feeds for processing in Canadian smelting operations.
Mr. Bordin worked on northern Labrador iron ore projects with the Iron Ore Company of Canada dealing with development and logistics of mining in a remote sensitive area. With the discovery of the renowned Kidd Creek deposit by TexasGulf near Timmins, Ontario he worked for TexasGulf on the open-pit and underground transformation. Later with Falconbridge Limited (third largest nickel producer in the world
and owners of the Raglan Ni-PGM and Kidd Creek Zn-Polymetallic Mine and Met plant, the deepest copper/zinc mine in the world) he focused on environmental issues affecting the operation of large metallurgical complexes, in particular, in the control of sulphur dioxide emission control and acid plants in Canada.While with Falconbridge and Noranda, Mr. Bordin was a key team member and instrumental in the international procurement and negotiation of base metal feeds for smelting and refining at the Canadian processing site. Also with the Falconbridge and Noranda group he was a key player in the contract negotiation and logistics for the movement of Chilean copper concentrate feed from Collahausi (world's largest copper mine
and one of the newest) to Canada for treatment over a 10-year period.Mr. Bordin headed up a privately held exploration group and has had joint ventures with Texasgulf, Northgate, Cominco, Noranda and Rubicon Resources.
He served as Chairman for the International Cadmium Council (Washington D.C.) and served on numerous mining committees dealing with closure, environment, health and sensitive mining areas.
Mr. Bordin, P.Eng commented, "I am very pleased to be joining the Board of Apella at this pivotal time when it is about to develop two very significant Vanadium-Iron-Titanium deposits in Quebec."
Apella's Chairman Patrick O'Brien stated, "Mr. Bordin brings many years of valuable experience in the operation of open pit mines to our team. He is also very experienced in the environmental aspects affecting Canadian mining operations and will prove instrumental as we move the Lac Dore and Iron-T deposits forward toward production."
Mr. Brian Adams, FCGA, a director of Apella Resources since 2002, has relinquished his position to enable Mr. Bordin's appointment. The Company would like to thank Brian for his contribution of time and expertise over the past nine years, while serving on our Company's Board.
Brian will continue to serve Apella in his capacity of Chief Financial Officer.
Mr. Adams, FCGA, a resident of British Columbia, Canada, is a Certified General Accountant and has been a Principal in a highly respected independent accounting firm since 1968. Mr. Adams was elected a 'Fellow' of the Canadian CGA Association in 1974, a Life Member of the CGA Association of B.C in 1978 and received the Queen's Silver Jubilee Medal in 1977 for service to his profession. He has served on the Board of Governors of the CGA Association of B.C. and the Board of Directors of CGA Canada; as President of the CGA Association of B.C. and Chairman of CGA Canada; served as one of three Canadian representatives to the International Federation of Accountants; has been appointed a member of the Auditor Certification Board of B.C. and served as Chairman. Mr. Adams, in addition to many years of accounting experience, has considerable experience in supervising and conducting audits of Credit Unions, Trust Accounts and commercial ventures. He is an 'Accepted Expert Witness' by various Courts in Valuation and Accounting matters, and has served as a Court Appointed Receiver on numerous occasions.
Additional information will be contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Director
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed "
Apella Resources Participates in the Province of Quebec's Trade Delegation to China -Chris Chu Named to Board - Aug 29, 2011
www.marketwire.com/press-release/apella-resources-participat…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN), is pleased to announce that it is participating in the Province of Quebec's current trade delegation to China. The delegation is presently in Beijing and will be in China until September 3rd; visiting the cities of Beijing, Shenyang and Shanghai. The delegation is being led by the honourable Jean Charest, Premier of the Province of Quebec, and will be promoting co-operation and participation in mineral exploration and mining projects in Quebec.
Apella Resources will be meeting with major Chinese steel manufactures, mining companies and investment houses to discuss the development and potential of its Lac Dore and Iron-T Vanadium-Iron-Titanium projects situated in Quebec.
In other news, Apella is pleased to announce the appointment of Christopher B. Chu, LLB to the Board of Directors and as General Counsel for the company.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Chairman "
www.marketwire.com/press-release/apella-resources-participat…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN), is pleased to announce that it is participating in the Province of Quebec's current trade delegation to China. The delegation is presently in Beijing and will be in China until September 3rd; visiting the cities of Beijing, Shenyang and Shanghai. The delegation is being led by the honourable Jean Charest, Premier of the Province of Quebec, and will be promoting co-operation and participation in mineral exploration and mining projects in Quebec.
Apella Resources will be meeting with major Chinese steel manufactures, mining companies and investment houses to discuss the development and potential of its Lac Dore and Iron-T Vanadium-Iron-Titanium projects situated in Quebec.
In other news, Apella is pleased to announce the appointment of Christopher B. Chu, LLB to the Board of Directors and as General Counsel for the company.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Chairman "
Gaston Gagnon, P.Eng Joins Apella's Advisory Board - Sep 1, 2011
www.marketwire.com/press-release/gaston-gagnon-peng-joins-ap…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is very pleased to announce the appointment of Gaston Gagnon, P.Eng to the Company's Advisory Board effective August 18, 2011. Mr. Gagnon is registered as a Registered Professional Engineer in Quebec and Qualified Person (QP) under NI 43-101.
Mr. Gagnon, a graduate of Université Laval, is a professional mining engineer with 37 years of extensive domestic and international experience in the industry; including mineral exploration, mine feasibility, open-pit/underground operations, smelting and refining.
During the last five years Mr. Gagnon has worked with SGS, one of the world's largest engineering/consulting firms . Prior to that, Mr. Gagnon served for 3 years with SNC-Lavelin Inc. as Construction Manager, Mining and Metallurgy Division. Located in Saudi Arabia, his responsibilities at that time included construction of a gold mine for state-owned MA'ADEN Saudi Arabian Company: he served as the SNC-Lavalin site manager for an EPCM Contract involving a concentrator for copper, gold and zinc with all surface services. The Client was MA'ADEN, a state-owned company.
From 2000 through 2004 Mr. Gagnon was a mining consultant providing engineering studies for economic value and development of mining projects located in Quebec and Ontario, Canada. He provided services to Met-Chem Canada regarding engineering work for the design, review, and feasibility of underground mines for the Tamborague Project in Peru and the Tulawaka Project in Tanzania. For Louvem Mines Inc. his responsibilities were to review the underground conditions of the Beaufor Mines in Val d'Or area, Quebec where mining was interrupted in August 2000. He provided a new interpretation and a revision of the shaft and surface pillar systems.
Between 1964 and 2000 Mr. Gagnon worked throughout the world on various projects including:
+ As Vice-President Exploitation, Velardeña Mine where he participated in the exploitation and mechanization of a 450 t/d underground silver and gold mine in the Velardeña Area, Mexico.
+ For CCAD (Comisión Centro Americana de Desarollo) he provided technical assistance for the study of new mining policies in Central America, related to the sustainable development and the respect of the environment. This assistance was sponsored by the Canadian International Development Agency (CIDA).
+ For Met-Chem Canada he undertook a Feasibility Study of the Niocan (Niobium of Canada) Project, Oka, Quebec, Canada.
+ As Vice president of Procoloro Colombia he carried out the mining development and exploration of an underground gold deposit in Antioquia, totally owned by Val d'Or Procoloro Resources, and was in charge of the general exploration and diamond drilling in the area.
+ For the Ministry of Mines and Geology he undertook a 2-years contract with Minorex of Montreal sponsored by the African Development Bank to work at the Ministry of Mines and Geology of Guinea; 1) for the revision of their Mining Rules, 2) Revision and publication in a new Mining Code, 3) Creation of a centre for the development and promotion of mines, and 4) Studies and recommendations for gold and diamond small scale exploitations.
+ As Vice president and Director of Exploration with Aurtec Mining Development Gaston evaluated various partially developed projects; primarily the: Bakoudou (Gabon) alluvial gold deposit and the Kodieran (Mali) primary and alluvial gold deposits.
+ While General Manager of Exploitation with Philips, Baratt, Kaiser of Vancouver and Sodimiza he represented the owners for all the official functions with respect to production, sale of the concentrates, and trade-union negotiation. He coordinated the social services; medical private clinics, and schools, etc.
+ For Louvem Inc. he served as; Mine Manager (Chimo Mine), and Chief Engineer (Louvem)
+ Mr. Gagnon served Minexpert Inc. as a Project Manager.
+ For Atlas, G-M Guest Construction Mr. Gagnon, as Project Manager and Technical Director was responsible for; 1) the construction of a 200 km, 735-kV power line in the James Bay area, and 2) the excavation of a 5-km subway contract (Lines 2 and 5) in Montreal, Quebec, Canada.
+ Served as the General Manager and Chief Engineer for SLC – St. Lawrence Columbium & Metals Corporation a company that was producing a pyrochlore concentrate and ferro-columbium alloy from a 2,000-t/d underground mine.
Apella's Chairman Patrick O'Brien, ICD.D, Apella's CEO commented, "We are very pleased to have Gaston Gagnon join our company's Advisory Board at this very important time as the company moves aggressively toward the development of its extensive Lac Dore and Iron-T Vanadium-Iron-Titanium projects situated in Quebec. His experience and expertise will contribute immensely in the success of these exciting endeavours."
Additional information will be contained on the Company's website at www.apellaresources.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Director "
www.marketwire.com/press-release/gaston-gagnon-peng-joins-ap…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is very pleased to announce the appointment of Gaston Gagnon, P.Eng to the Company's Advisory Board effective August 18, 2011. Mr. Gagnon is registered as a Registered Professional Engineer in Quebec and Qualified Person (QP) under NI 43-101.
Mr. Gagnon, a graduate of Université Laval, is a professional mining engineer with 37 years of extensive domestic and international experience in the industry; including mineral exploration, mine feasibility, open-pit/underground operations, smelting and refining.
During the last five years Mr. Gagnon has worked with SGS, one of the world's largest engineering/consulting firms
. Prior to that, Mr. Gagnon served for 3 years with SNC-Lavelin Inc. as Construction Manager, Mining and Metallurgy Division. Located in Saudi Arabia, his responsibilities at that time included construction of a gold mine for state-owned MA'ADEN Saudi Arabian Company: he served as the SNC-Lavalin site manager for an EPCM Contract involving a concentrator for copper, gold and zinc with all surface services. The Client was MA'ADEN, a state-owned company.From 2000 through 2004 Mr. Gagnon was a mining consultant providing engineering studies for economic value and development of mining projects located in Quebec and Ontario, Canada. He provided services to Met-Chem Canada regarding engineering work for the design, review, and feasibility of underground mines for the Tamborague Project in Peru and the Tulawaka Project in Tanzania. For Louvem Mines Inc. his responsibilities were to review the underground conditions of the Beaufor Mines in Val d'Or area, Quebec where mining was interrupted in August 2000. He provided a new interpretation and a revision of the shaft and surface pillar systems.
Between 1964 and 2000 Mr. Gagnon worked throughout the world on various projects including:
+ As Vice-President Exploitation, Velardeña Mine where he participated in the exploitation and mechanization of a 450 t/d underground silver and gold mine in the Velardeña Area, Mexico.
+ For CCAD (Comisión Centro Americana de Desarollo) he provided technical assistance for the study of new mining policies in Central America, related to the sustainable development and the respect of the environment. This assistance was sponsored by the Canadian International Development Agency (CIDA).
+ For Met-Chem Canada he undertook a Feasibility Study of the Niocan (Niobium of Canada) Project, Oka, Quebec, Canada.
+ As Vice president of Procoloro Colombia he carried out the mining development and exploration of an underground gold deposit in Antioquia, totally owned by Val d'Or Procoloro Resources, and was in charge of the general exploration and diamond drilling in the area.
+ For the Ministry of Mines and Geology he undertook a 2-years contract with Minorex of Montreal sponsored by the African Development Bank to work at the Ministry of Mines and Geology of Guinea; 1) for the revision of their Mining Rules, 2) Revision and publication in a new Mining Code, 3) Creation of a centre for the development and promotion of mines, and 4) Studies and recommendations for gold and diamond small scale exploitations.
+ As Vice president and Director of Exploration with Aurtec Mining Development Gaston evaluated various partially developed projects; primarily the: Bakoudou (Gabon) alluvial gold deposit and the Kodieran (Mali) primary and alluvial gold deposits.
+ While General Manager of Exploitation with Philips, Baratt, Kaiser of Vancouver and Sodimiza he represented the owners for all the official functions with respect to production, sale of the concentrates, and trade-union negotiation. He coordinated the social services; medical private clinics, and schools, etc.
+ For Louvem Inc. he served as; Mine Manager (Chimo Mine), and Chief Engineer (Louvem)
+ Mr. Gagnon served Minexpert Inc. as a Project Manager.
+ For Atlas, G-M Guest Construction Mr. Gagnon, as Project Manager and Technical Director was responsible for; 1) the construction of a 200 km, 735-kV power line in the James Bay area, and 2) the excavation of a 5-km subway contract (Lines 2 and 5) in Montreal, Quebec, Canada.
+ Served as the General Manager and Chief Engineer for SLC – St. Lawrence Columbium & Metals Corporation a company that was producing a pyrochlore concentrate and ferro-columbium alloy from a 2,000-t/d underground mine.
Apella's Chairman Patrick O'Brien, ICD.D, Apella's CEO commented, "We are very pleased to have Gaston Gagnon join our company's Advisory Board at this very important time as the company moves aggressively toward the development of its extensive Lac Dore and Iron-T Vanadium-Iron-Titanium projects situated in Quebec. His experience and expertise will contribute immensely in the success of these exciting endeavours."
Additional information will be contained on the Company's website at www.apellaresources.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Director "
Der folgende Report ist von der Homepage der Apella Resources. Die Tabellen habe ich rausgelöscht, weil sie nicht korrekt wiedergegeben wurden:
Drill Program Report Apella Confirms Mineralization Along Entire 22.5 Km Strike Length Iron-T Vanadium-Iron-Titanium Project
Vancouver, BC – September 21, 2011
Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce the results of 19 diamond drill holes (2,821 metres) of its Phase 4 exploration/development program on its Iron-T Vanadium-Iron-Titanium Project; located 10 km southeast of Matagami, Quebec. The Iron-T continues to deliver positive results.
Eleven of the holes completed in this phase, totaling 1,750 meters, are considered development (infill) drill holes. They were positioned on four transversal sections across the main mineralized zone already outlined by previous drilling. These new infill holes, drilled at 50m intervals, now connect several peripheral zones of mineralization, to Apella’s main Genesis deposit on the Iron-T. The peripheral zones of mineralization were not included in SGS’s May 19, 2011 NI-43-101 resource estimate, since they were considered disconnected from the main zone. Apella’s 2010 drill holes into these peripheral zones returned significant grades and intersects of mineralization.
Three new significant mineralized zones running parallel to the main Genesis zone have now been discovered and tested over three sections. It is anticipated that these new zones will provide mineralized extensions in both the easterly and westerly directions. These three sections plus one additional one cover the eastern extension of the main Genesis deposit. As a result of these three new mineralized zones, the mineralized layers including the Genesis zone now reach a significant width approaching 200 metres. With this infill drilling Apella has met its objective of joining these additional zones to its main Genesis orebody and simultaneously increasing the tonnage significantly as well as permitting it to classify some of the new resources in the measured category.
Note: Since the Iron-T deposit holds a non-negligible portion of Magnetite and Titanium Dioxide. It is consequently important to determine the dollar value per tonne of the oxide contained in the mineralized zones as well as the cut-off grade. This cut-off grade is expressed as a percentage.
In order to be consistent with the previous results released since 2010, Apella used the same metal prices for the Vanadium, Titanium and Iron as of June 14, 2010. Those prices are as follows:
Fe = 182 US$ per metric tonne (0.182 US$/kg);
TiO2 = 90 US$ per metric tonne (0.09 US$/kg);
V2O5 = 14,000.00 US$ per metric tonne (14 US$/kg).
The recovery of the oxides is also taken in account: Fe= 65%, TiO2= 65% and V2O5 = 75%, which give the following unitary prices: Fe= 118 US$/tonne, TiO2 = 59 US$/tonne and V2O5 = 105 US$/tonne.
Applying a factor equal to 1 to V2O5, factors of Fe and TiO2 are respectively 0.011 and 0.006.
The V2O5EQ is calculated using the following formula:
V2O5EQ = V2O5 + 0.011*Fe+0.006*TiO2 = %
The Iron-T cut-off was estimated by SGS Geostat to 0.48% V2O5EQ.
All values above this percentage are considered in the calculation of the resources.
One hole of the current Phase 4 drill holes (MA-11-57) has been set-up on the eastern end of another mineralized zone referred to as “II Zone” which runs parallel to the Genesis zone, about 50m north. This hole also represents part of the current, systematic development drilling, planned for the main Genesis zone. It forms part of the overall objective of increasing tonnage quickly and substantially, and bringing the Genesis deposit to a measured and indicated status as soon as possible.
Results of this hole are as follows:
Two of the four mineralized layers intersected in Hole MA-11-57 are low grade but since this II Zone is close to Genesis, they could be considered as potential ore if this mineralized zone is systematically drill tested.
Another of the current drill holes (MA-11-56), 150m in length, was set-up on top of a hill coinciding with a strong magnetic anomaly interpreted as the western extension of the Genesis Deposit. On the slopes of this hill, several outcrops discovered in 2010 by Apella, show disseminated oxides. This hole is located about 1 km west of the western most hole (MA-10-37) drilled by Apella in 2010, a hole which confirmed the extension of the main deposit in a NWN direction, exactly as anticipated by Apella. Because of the steep topography and the presence of frozen ground, it has not been possible to set- up the drill rig on the northern edge of the magnetic anomaly. Apella has collared the hole at about 25m south of the recommended location, on top of the hill which coincide to the highest magnetic readings.
Results of this drill hole are as follows:
This mineralization needs to be tested at depth by a new hole to be set-up at about 75 m north of MA-11-56, at the bottom of the hill.
All current drill holes bored to date have shown alternations of the gabbro with disseminated to massive layers of magnetic oxides, which Apella finds very encouraging. An interesting fact is the observed disseminated oxide layers are much thicker than the semi-massive to massive layers. This indicates that the mineralization should provide significant thickness enhancing compatibility for open pit mining.
The drilling of the western extension of the Iron-T Project was aimed to evaluate at depth a 5 km long magnetic axis which was confirmed by the 2010 surface magnetic survey. This magnetic axis is oriented NW exactly as also detected in early airborne magnetic surveys flown between 1948 and 2007. Although these significant magnetic signatures were clearly visible, this magnetic axis has never been drill tested or even mapped until now. Six drill holes totaling 921m in length were bored for the evaluation of the associated magnetic layers. It is expected that these layers may add a significant resource of Vanadium-Iron-Titanium mineralization to the overall Iron-T Project. Achieving additional tonnage outside the main deposit in the Genesis Zone will also demonstrate the consistency of the mineralization at depth along the 22.5km strike length of the Iron-T Project. Drill holes have been set-up at about 1000 m intervals along this extension.
Results of this exploration program are as follows:
The drilling of this western extension of the Iron-T Project has confirmed the presence of V-Fe-Ti mineralization has delineated by the 2010 surface magnetic survey. However, this mineralization presents a significant difference with the main Genesis zone. The V-Fe-Ti described as homogeneous heavily disseminated (10-15%) iron oxides mineralization. The V2O5EQ percentage is homogeneous and surprisingly slightly higher than the zones containing semi to massive layers.
Positive results of this exploration program warrant a systematic drilling program at a 50m interval with a minimum of two drill holes per section.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Drill Program Report Apella Confirms Mineralization Along Entire 22.5 Km Strike Length Iron-T Vanadium-Iron-Titanium Project
Vancouver, BC – September 21, 2011
Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce the results of 19 diamond drill holes (2,821 metres) of its Phase 4 exploration/development program on its Iron-T Vanadium-Iron-Titanium Project; located 10 km southeast of Matagami, Quebec. The Iron-T continues to deliver positive results.
Eleven of the holes completed in this phase, totaling 1,750 meters, are considered development (infill) drill holes. They were positioned on four transversal sections across the main mineralized zone already outlined by previous drilling. These new infill holes, drilled at 50m intervals, now connect several peripheral zones of mineralization, to Apella’s main Genesis deposit on the Iron-T. The peripheral zones of mineralization were not included in SGS’s May 19, 2011 NI-43-101 resource estimate, since they were considered disconnected from the main zone. Apella’s 2010 drill holes into these peripheral zones returned significant grades and intersects of mineralization.
Three new significant mineralized zones running parallel to the main Genesis zone have now been discovered and tested over three sections. It is anticipated that these new zones will provide mineralized extensions in both the easterly and westerly directions. These three sections plus one additional one cover the eastern extension of the main Genesis deposit. As a result of these three new mineralized zones, the mineralized layers including the Genesis zone now reach a significant width approaching 200 metres. With this infill drilling Apella has met its objective of joining these additional zones to its main Genesis orebody and simultaneously increasing the tonnage significantly as well as permitting it to classify some of the new resources in the measured category.
Note: Since the Iron-T deposit holds a non-negligible portion of Magnetite and Titanium Dioxide. It is consequently important to determine the dollar value per tonne of the oxide contained in the mineralized zones as well as the cut-off grade. This cut-off grade is expressed as a percentage.
In order to be consistent with the previous results released since 2010, Apella used the same metal prices for the Vanadium, Titanium and Iron as of June 14, 2010. Those prices are as follows:
Fe = 182 US$ per metric tonne (0.182 US$/kg);
TiO2 = 90 US$ per metric tonne (0.09 US$/kg);
V2O5 = 14,000.00 US$ per metric tonne (14 US$/kg).
The recovery of the oxides is also taken in account: Fe= 65%, TiO2= 65% and V2O5 = 75%, which give the following unitary prices: Fe= 118 US$/tonne, TiO2 = 59 US$/tonne and V2O5 = 105 US$/tonne.
Applying a factor equal to 1 to V2O5, factors of Fe and TiO2 are respectively 0.011 and 0.006.
The V2O5EQ is calculated using the following formula:
V2O5EQ = V2O5 + 0.011*Fe+0.006*TiO2 = %
The Iron-T cut-off was estimated by SGS Geostat to 0.48% V2O5EQ.
All values above this percentage are considered in the calculation of the resources.
One hole of the current Phase 4 drill holes (MA-11-57) has been set-up on the eastern end of another mineralized zone referred to as “II Zone” which runs parallel to the Genesis zone, about 50m north. This hole also represents part of the current, systematic development drilling, planned for the main Genesis zone. It forms part of the overall objective of increasing tonnage quickly and substantially, and bringing the Genesis deposit to a measured and indicated status as soon as possible.
Results of this hole are as follows:
Two of the four mineralized layers intersected in Hole MA-11-57 are low grade but since this II Zone is close to Genesis, they could be considered as potential ore if this mineralized zone is systematically drill tested.
Another of the current drill holes (MA-11-56), 150m in length, was set-up on top of a hill coinciding with a strong magnetic anomaly interpreted as the western extension of the Genesis Deposit. On the slopes of this hill, several outcrops discovered in 2010 by Apella, show disseminated oxides. This hole is located about 1 km west of the western most hole (MA-10-37) drilled by Apella in 2010, a hole which confirmed the extension of the main deposit in a NWN direction, exactly as anticipated by Apella. Because of the steep topography and the presence of frozen ground, it has not been possible to set- up the drill rig on the northern edge of the magnetic anomaly. Apella has collared the hole at about 25m south of the recommended location, on top of the hill which coincide to the highest magnetic readings.
Results of this drill hole are as follows:
This mineralization needs to be tested at depth by a new hole to be set-up at about 75 m north of MA-11-56, at the bottom of the hill.
All current drill holes bored to date have shown alternations of the gabbro with disseminated to massive layers of magnetic oxides, which Apella finds very encouraging. An interesting fact is the observed disseminated oxide layers are much thicker than the semi-massive to massive layers. This indicates that the mineralization should provide significant thickness enhancing compatibility for open pit mining.
The drilling of the western extension of the Iron-T Project was aimed to evaluate at depth a 5 km long magnetic axis which was confirmed by the 2010 surface magnetic survey. This magnetic axis is oriented NW exactly as also detected in early airborne magnetic surveys flown between 1948 and 2007. Although these significant magnetic signatures were clearly visible, this magnetic axis has never been drill tested or even mapped until now. Six drill holes totaling 921m in length were bored for the evaluation of the associated magnetic layers. It is expected that these layers may add a significant resource of Vanadium-Iron-Titanium mineralization to the overall Iron-T Project. Achieving additional tonnage outside the main deposit in the Genesis Zone will also demonstrate the consistency of the mineralization at depth along the 22.5km strike length of the Iron-T Project. Drill holes have been set-up at about 1000 m intervals along this extension.
Results of this exploration program are as follows:
The drilling of this western extension of the Iron-T Project has confirmed the presence of V-Fe-Ti mineralization has delineated by the 2010 surface magnetic survey. However, this mineralization presents a significant difference with the main Genesis zone. The V-Fe-Ti described as homogeneous heavily disseminated (10-15%) iron oxides mineralization. The V2O5EQ percentage is homogeneous and surprisingly slightly higher than the zones containing semi to massive layers.
Positive results of this exploration program warrant a systematic drilling program at a 50m interval with a minimum of two drill holes per section.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Antwort auf Beitrag Nr.: 42.017.841 von Popeye82 am 29.08.11 21:23:56
Apella Resources Inc.: China & Lac Dore Update - Sep 29, 2011
http://finance.yahoo.com/news/Apella-Resources-Inc-China-ccn…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2011) - Apella Resources Inc. (TSX VENTURE:APA - News; OTCQX:APAFF) is pleased to report that its recent participation in the Province of Quebec's trade delegation to China led by the honorable Jean Charest, Premier of the Province of Quebec has proven very fruitful. Apella met with key Chinese corporations in the cities of Beijing, Shanghai and Shenyang. Aside from being part of such a key trade delegation, Apella set up many of its own special meetings through key Chinese contacts Apella had developed in-house.
Over the busy week spent in China, Apella was able to present the merits and key attributes of its Lac Dore and Iron-T Vanadium-Iron-Titanium projects to the senior management teams of many of China's leading steel producers, vanadium producers and distribution channel participants. China's immense appetite for the minerals contained in Apella's deposits was quite obvious. Visits to numerous domestic operations and facilities provided invaluable insight as to precisely why our rich deposits have garnered so much interest from China. It was quite clear that Chinese entities consider Apella's projects as premium and very attractive when compared to the lower grade domestic deposits currently mined in China. Apella found the hospitality, insightful dialogue, and sincere interest in our plans afforded our company by senior representatives of such highly successful entities as Pangang Steel, Fortune Vanadium, Xiben, BHP Billiton China and many others compelling. Discussions with regard to co-operation and participation in Apella's Lac Dore and Iron-T projects were both forthcoming and abundant. Apella has been invited back to China in November.
Since being awarded the Lac Dore claims in March of 2011, Apella has now completed its analysis of the data on the historic drilling and development at Lac Dore that led up to the pre NI-43-101 Feasibility Study completed in 2002-2003 by SNC-Lavelin. Apella's extensive compilation and review of historic drill-hole data has allowed Apella's geological team to identify all of its Category 1 drill targets for its first phase of drilling and development for the well-known Lac Dore Vanadium-Iron-Titanium Deposit.
Now that the Lac Dore claims have been officially registered in Apella's name, Apella is now adding the Lac Dore Vanadium-Iron-Titanium project to its near-term drill and develop plans. The first phase of exploration at Lac Dore will be focused primarily on extensive diamond drilling with the express intent of confirming the known Lac Dore deposit as a NI 43-101 compliant resource.
The Lac Dore Complex is a Bushveld-type Archean layered mafic intrusion (Allard, 1976) located some 250 km due east of Matagami in the Chibougamau mining camp. The Lac Dore is an advanced Vanadium project; currently the largest vanadium deposit in North America, and the second largest in the world. It shows a geological setting and vanadiferous mineralization similar to Apella's Iron-T Vanadium project. As opposed to South Africa's Bushveld Complex, where the majority of Vanadium produced globally is sourced, the thickness of the Lac Dore Complex ranges from 50 -200 times thicker. The Lac Dore also has several economic advantages, most notably that the ore is open- pitable thus much easier to extract, and the Lac Dore is in Canada one of the most politically safe countries in the world. "The Lac Dore Vanadium deposit at Chibougamau is estimated to host 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at 0.65% V2O5" (Girard and Allard, 1998). Apella derived these details from the public domain and such details are noted as being non NI-43-101 compliant.
It should be noted that in accordance with present reporting requirements the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in discovery of a mineral resource on the property. However, it should also be noted for clarification that historically the Lac Dore deposit was subject to a positive feasibility study in 2003 by SNC-Lavelin for the production of V2O5. The reader is referred to the USA's EDGAR reporting system to access and review a copy of the McKenzie Bay International Ltd. Executive Summary of the Feasibility Study.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman "
Apella Resources Inc.: China & Lac Dore Update - Sep 29, 2011
http://finance.yahoo.com/news/Apella-Resources-Inc-China-ccn…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2011) - Apella Resources Inc. (TSX VENTURE:APA - News; OTCQX:APAFF) is pleased to report that its recent participation in the Province of Quebec's trade delegation to China led by the honorable Jean Charest, Premier of the Province of Quebec has proven very fruitful. Apella met with key Chinese corporations in the cities of Beijing, Shanghai and Shenyang. Aside from being part of such a key trade delegation, Apella set up many of its own special meetings
through key Chinese contacts Apella had developed in-house.Over the busy week spent in China, Apella was able to present the merits and key attributes of its Lac Dore and Iron-T Vanadium-Iron-Titanium projects to the senior management teams of many of China's leading steel producers, vanadium producers and distribution channel participants. China's immense appetite for the minerals contained in Apella's deposits was quite obvious. Visits to numerous domestic operations and facilities provided invaluable insight as to precisely why our rich deposits have garnered so much interest from China. It was quite clear that Chinese entities consider Apella's projects as premium and very attractive when compared to the lower grade domestic deposits currently mined in China. Apella found the hospitality, insightful dialogue, and sincere interest in our plans afforded our company by senior representatives of such highly successful entities as Pangang Steel, Fortune Vanadium, Xiben, BHP Billiton China and many others compelling. Discussions with regard to co-operation and participation in Apella's Lac Dore and Iron-T projects were both forthcoming and abundant. Apella has been invited back to China in November.
Since being awarded the Lac Dore claims in March of 2011, Apella has now completed its analysis of the data on the historic drilling and development at Lac Dore that led up to the pre NI-43-101 Feasibility Study completed in 2002-2003 by SNC-Lavelin. Apella's extensive compilation and review of historic drill-hole data has allowed Apella's geological team to identify all of its Category 1 drill targets for its first phase of drilling and development for the well-known Lac Dore Vanadium-Iron-Titanium Deposit.
Now that the Lac Dore claims have been officially registered in Apella's name, Apella is now adding the Lac Dore Vanadium-Iron-Titanium project to its near-term drill and develop plans. The first phase of exploration at Lac Dore will be focused primarily on extensive diamond drilling with the express intent of confirming the known Lac Dore deposit as a NI 43-101 compliant resource.
The Lac Dore Complex is a Bushveld-type Archean layered mafic intrusion (Allard, 1976) located some 250 km due east of Matagami in the Chibougamau mining camp. The Lac Dore is an advanced Vanadium project; currently the largest vanadium deposit in North America, and the second largest in the world. It shows a geological setting and vanadiferous mineralization similar to Apella's Iron-T Vanadium project. As opposed to South Africa's Bushveld Complex, where the majority of Vanadium produced globally is sourced, the thickness of the Lac Dore Complex ranges from 50
-200 times thicker. The Lac Dore also has several economic advantages, most notably that the ore is open- pitable thus much easier to extract, and the Lac Dore is in Canada one of the most politically safe countries in the world. "The Lac Dore Vanadium deposit at Chibougamau is estimated to host 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at 0.65% V2O5" (Girard and Allard, 1998). Apella derived these details from the public domain and such details are noted as being non NI-43-101 compliant.It should be noted that in accordance with present reporting requirements the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in discovery of a mineral resource on the property. However, it should also be noted for clarification that historically the Lac Dore deposit was subject to a positive feasibility study in 2003 by SNC-Lavelin for the production of V2O5. The reader is referred to the USA's EDGAR reporting system to access and review a copy of the McKenzie Bay International Ltd. Executive Summary of the Feasibility Study.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman "
http://www.theaureport.com/pub/co/2113
Expert Analysis
Brad Lemaire, Proactive Investors.com (9/29/11) "Apella Resources Inc. has established itself as a major player in the junior resource sector, earning Tier 1 Issuer status on the TSX Venture Exchange. . .the company reported Thursday that its recent visit to China during a trade delegation has proven to be fruitful, as the company finished its analysis of historic data regarding its Lac Dore vanadium deposit, in Quebec—Apella has identified all of its category-one drill targets for its phase-one drilling and development. . .the company owns potentially the largest vanadium asset in North America and perhaps the largest combined resource of vanadium in the world."
Expert Analysis
Brad Lemaire, Proactive Investors.com (9/29/11) "Apella Resources Inc. has established itself as a major player in the junior resource sector, earning Tier 1 Issuer status on the TSX Venture Exchange. . .the company reported Thursday that its recent visit to China during a trade delegation has proven to be fruitful, as the company finished its analysis of historic data regarding its Lac Dore vanadium deposit, in Quebec—Apella has identified all of its category-one drill targets for its phase-one drilling and development. . .the company owns potentially the largest vanadium asset in North America and perhaps the largest combined resource of vanadium in the world."
http://www.theaureport.com/pub/qmdata/16319
Apella Expands With New Ontario Vanadium-Iron-Titanium Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN), is pleased to report the acquisition of a strategic new Canadian Vanadium-Iron-Titanium discovery situated near Timmins, Ontario. Apella's geology team have assessed the merits of the mineralization and setting of the Game Changer Project for its potential to mirror the already established merits of Apella's 100% owned Lac Dore, Lac Dore North and Iron-T deposits. Upon conclusion of the assessment, Dr. Derosier, P.Geo delivered his favourable conclusions to management and recommended the acquisition.
Apella's new Game-Changer Vanadium-Iron-Titanium Project was discovered by the prospecting team of R. Laviolette and G. Dumoulin while prospecting the Timmins region in May of 2011. The Game Changer is an assemblage of mineral claims which provide two distinct mineralized zones, each presenting excellent potential to host economic Vanadium-Iron-Titanium deposits. The two zones will be designated as the West Structure and East Structure for future reference.
The West Structure covers a 2 km long E-W oriented gabbro sill, which can be clearly delineated by the most recent airborne magnetic and electromagnetic survey carried out by the Ontario Geological Survey. The gabbro sill produces a very strong magnetic anomaly which is 300-400 m wide. In the field, the gabbro sill appears as a succession of elongated rounded hills with numerous outcrops of mineralization.
The Eastern Structure covers a NW-SE oriented magnetic anomaly which also corresponds to a 3 km long gabbro sill which is very similar to the sill of the Western Structure. Both are thought to be originating from the same magmatic event and they are now separated by one or several tectonic events.
The mineralization observed on-site during Dr. Derosier's due diligence procedure and subsequent study is very similar to the newly discovered Northwestern Zone situated on Apella's Iron-T Vanadium-Iron-Titanium Project just across the Quebec-Ontario border. Apella's Iron-T Project is part of the Bell River Complex which a large, layered intrusion of Archean age in Quebec's well-established Matagami mining camp. The Bell River Complex has been divided into three main zones: 1) the Basal Anorthosite Zone, 2) a layered Gabbro Zone, and 3) a zone consisting of apophyse and subsidiary intrusions (Granophyre/ Border Zone). On the Game Changer Project the basal anorthosite as well as the Border Zone have not yet been observed but could well exist.
The layered gabbro zone was observed and sampled during the due diligence carried out. This zone consisted of layers of disseminated to semi massive Fe-Ti V oxide rich gabbro and leucogabbro; as well as minor anorthosite and pyroxenite altered in amphibolite. Vanadium mineralization of the Egan Complex occurs within the Fe-Ti oxide rich horizons in the layered ferrogabbro zone of the upper part of the Complex. This horizon is well defined in the aeromagnetic survey maps by its high magnetic susceptibility.
Twelve grab samples were taken at different locations along the gabbro sill, by the prospector. Dr. C. Derosier, P.Geo and Apella's project QP took a further five grab samples. Two of Dr. Derosier's samples were taken on the same occurrences as the prospector's first samples, and three were taken at different locations.
Results for the other oxides ("TBA") have not been yet received and will be factored in at a later date, once available. Apella's samples are assayed by ALS-Chemex Ltd. in North Vancouver using the XRF method and ICP method for the other elements.
Apella's Iron-T deposit and this new Egan Complex discovery similarly hold a non-negligible portion of Magnetite and Titanium di-oxides. It is consequently important to determine the dollar value per tonne of the oxide contained in the mineralized zones as well as the cut-off grade. This cut-off grade is expressed as a percentage.
Note: In order to be consistent with the previous results released since 2010 for its Iron-T Project, Apella used the same metal prices for the Vanadium, Titanium and Iron as of June 14, 2010. Those prices are as follows:
Fe = 182 US$ per metric tonne (0.182 US$/kg);
TiO2 = 90 US$ per metric tonne (0.09 US$/kg);
V2O5 = 14,000 US$ per metric tonne (14 US$/kg).
The recovery of the oxides is also taken in account: Fe= 65%, TiO2= 65% and V2O5 = 75%, which give the following unitary prices: Fe= 118 US$/tonne, TiO2 = 59 US$/tonne and V2O5 = 105 US$/tonne.
Applying a factor equal to 1 to V2O5, factors of Fe and TiO2 are respectively 0.011 and 0.006.
The V2O5Eq is calculated using the following formula:
V2O5Eq = V2O5 + 0.011*Fe+0.006*TiO2 = %
The Iron-T cut-off was estimated by SGS Geostat to 0.48% V2O5Eq which corresponds to a mining and milling cost totaling US$ 50.00. Consequently, all values above 0.48% V2O5Eq are considered as economic intersections or values.
Although the results are not complete, we already can see that the two grab samplings return almost the same V2O5 values, especially where twin samples were taken. Assays look very similar to those obtained by Apella on its 100% owned Iron-T Project during the last drilling program and more particularly on its newly discovered NW-SE Zone.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
Apella Expands With New Ontario Vanadium-Iron-Titanium Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN), is pleased to report the acquisition of a strategic new Canadian Vanadium-Iron-Titanium discovery situated near Timmins, Ontario. Apella's geology team have assessed the merits of the mineralization and setting of the Game Changer Project for its potential to mirror the already established merits of Apella's 100% owned Lac Dore, Lac Dore North and Iron-T deposits. Upon conclusion of the assessment, Dr. Derosier, P.Geo delivered his favourable conclusions to management and recommended the acquisition.
Apella's new Game-Changer Vanadium-Iron-Titanium Project was discovered by the prospecting team of R. Laviolette and G. Dumoulin while prospecting the Timmins region in May of 2011. The Game Changer is an assemblage of mineral claims which provide two distinct mineralized zones, each presenting excellent potential to host economic Vanadium-Iron-Titanium deposits. The two zones will be designated as the West Structure and East Structure for future reference.
The West Structure covers a 2 km long E-W oriented gabbro sill, which can be clearly delineated by the most recent airborne magnetic and electromagnetic survey carried out by the Ontario Geological Survey. The gabbro sill produces a very strong magnetic anomaly which is 300-400 m wide. In the field, the gabbro sill appears as a succession of elongated rounded hills with numerous outcrops of mineralization.
The Eastern Structure covers a NW-SE oriented magnetic anomaly which also corresponds to a 3 km long gabbro sill which is very similar to the sill of the Western Structure. Both are thought to be originating from the same magmatic event and they are now separated by one or several tectonic events.
The mineralization observed on-site during Dr. Derosier's due diligence procedure and subsequent study is very similar to the newly discovered Northwestern Zone situated on Apella's Iron-T Vanadium-Iron-Titanium Project just across the Quebec-Ontario border. Apella's Iron-T Project is part of the Bell River Complex which a large, layered intrusion of Archean age in Quebec's well-established Matagami mining camp. The Bell River Complex has been divided into three main zones: 1) the Basal Anorthosite Zone, 2) a layered Gabbro Zone, and 3) a zone consisting of apophyse and subsidiary intrusions (Granophyre/ Border Zone). On the Game Changer Project the basal anorthosite as well as the Border Zone have not yet been observed but could well exist.
The layered gabbro zone was observed and sampled during the due diligence carried out. This zone consisted of layers of disseminated to semi massive Fe-Ti V oxide rich gabbro and leucogabbro; as well as minor anorthosite and pyroxenite altered in amphibolite. Vanadium mineralization of the Egan Complex occurs within the Fe-Ti oxide rich horizons in the layered ferrogabbro zone of the upper part of the Complex. This horizon is well defined in the aeromagnetic survey maps by its high magnetic susceptibility.
Twelve grab samples were taken at different locations along the gabbro sill, by the prospector. Dr. C. Derosier, P.Geo and Apella's project QP took a further five grab samples. Two of Dr. Derosier's samples were taken on the same occurrences as the prospector's first samples, and three were taken at different locations.
Results for the other oxides ("TBA") have not been yet received and will be factored in at a later date, once available. Apella's samples are assayed by ALS-Chemex Ltd. in North Vancouver using the XRF method and ICP method for the other elements.
Apella's Iron-T deposit and this new Egan Complex discovery similarly hold a non-negligible portion of Magnetite and Titanium di-oxides. It is consequently important to determine the dollar value per tonne of the oxide contained in the mineralized zones as well as the cut-off grade. This cut-off grade is expressed as a percentage.
Note: In order to be consistent with the previous results released since 2010 for its Iron-T Project, Apella used the same metal prices for the Vanadium, Titanium and Iron as of June 14, 2010. Those prices are as follows:
Fe = 182 US$ per metric tonne (0.182 US$/kg);
TiO2 = 90 US$ per metric tonne (0.09 US$/kg);
V2O5 = 14,000 US$ per metric tonne (14 US$/kg).
The recovery of the oxides is also taken in account: Fe= 65%, TiO2= 65% and V2O5 = 75%, which give the following unitary prices: Fe= 118 US$/tonne, TiO2 = 59 US$/tonne and V2O5 = 105 US$/tonne.
Applying a factor equal to 1 to V2O5, factors of Fe and TiO2 are respectively 0.011 and 0.006.
The V2O5Eq is calculated using the following formula:
V2O5Eq = V2O5 + 0.011*Fe+0.006*TiO2 = %
The Iron-T cut-off was estimated by SGS Geostat to 0.48% V2O5Eq which corresponds to a mining and milling cost totaling US$ 50.00. Consequently, all values above 0.48% V2O5Eq are considered as economic intersections or values.
Although the results are not complete, we already can see that the two grab samplings return almost the same V2O5 values, especially where twin samples were taken. Assays look very similar to those obtained by Apella on its 100% owned Iron-T Project during the last drilling program and more particularly on its newly discovered NW-SE Zone.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
Vanadium Demand to Surge if Redox Batteries Commercialized
Email Print Reproduction
Tue, Nov 15, 2011
Feature Articles, Vanadium Articles
Post by Karan Kumar, Vanadium Reporter
By Karan Kumar – Exclusive to Vanadium Investing News
inShare.
Emerging uses for vanadium, such as from vanadium redox batteries (VRBs), could lead to a surge in vanadium demand and a widening supply-demand gap, and quite possibly a sharp increase in prices. Without factoring in emerging applications, demand for vanadium is already expected to more than double by 2025. The forecast is that by 2025, vanadium consumption will reach 123,000 metric tons, compared with 61,000 tons in 2010.
“People are contemplating using the vanadium redox battery as a portion of power grid storage,” Jonathan Lee, an analyst at Byron Capital, said in an interview last month. “Whether or not that takes hold is yet to be decided, but one distinct advantage is its long life, given that vanadium is on the anode and cathode side of the battery. It is a fairly unique technology, and if it could be comercialized on a larger scale it would definitely increase demand for vanadium significantly.”
According to Lee, vanadium trades at roughly $26 to $27 a kilogram. But analysts and experts cannot say what the price could rise to in the future if the energy storage application were to materialize on a larger scale. With vanadium’s use in storage technology gaining momentum, current signs are pointing toward a supply shortage on the horizon.
Energizer Resources Inc., whose prime focus is the exploration and development of its wholly-owned Green Giant vanadium project in Madagascar, estimates that the world will fall short of vanadium in 2013. A November 10 Reuters report showed that China, South Africa and Russia are the world’s biggest producers of vanadium. Exploration is being conducted by only a handful of small Canadian miners – American Vanadium (TSXV:AVC), Largo Resources (TSXV:LGO), Apella Resources (TSXV:APA), and Energizer Resources (TSX:EGZ,OTCBB:EGZR) – who are developing new deposits around the world.
The US government said earlier this year that it would invest about $185 million to deploying and demonstrating the effectiveness of utility-scale grid storage systems, American Vanadium said in a report on its website. And leading the way in new grid scale renewable storage solutions are VRBs.
“With the ever increasing frequency of news about vanadium and VRBs, it is becoming more apparent than ever before that vanadium’s role will be pivotal in the development of battery technology for electric vehicles and more importantly, for large scale energy storage systems,” Energizer reported. “This new demand stream is being driven by vanadium’s role as a ‘supercharger’ in lithium batteries for electric and hybrid cars and as an essential and substantial component in VRB storage systems.”
VBR commercialization
Currently VRBs are in use in the United States, China, Japan, Korea, the European Union and Australia. While the technology looks promising, experts say commercialization of the technology will take years.
Bethesda, Maryland-based Prudent Energy designs and makes patented VRBs. In December 2010, Prudent announced that it would install a 600-kilowatt VRB energy storage system Oxnard, California-based Gills Onions, one of the largest fresh-cut onion processing plants in the world.
Cellstrom GmbH, another VRB manufactuer, based in Austria, was acquired by Germany’s Gildemeister GmbH last year. Cellstrom has sold VRBs since 2008 across Europe and most recently into India under the name CellCube. In February 2011, CellCube was an integral part of the world launch of BMW’s electric vehicle, the BMWi. Charged with electricity from a wind turbine, the CellCube provided 100 percent renewable energy for a part of the media launch.
With all these new applications for vanadium in development and with China’s growing reluctance to supply raw materials to the western world, analysts say it is imperative that smaller players with projects start development and mining soon. At the same time, government policies and laws need to become clearer for VRB technology to commercialize.
“It comes down to a couple of things,” Byron Capital’s Lee said in the interview. “The government is mandating that certain percentages of electricity production must be sourced from renewable energy. So it’s really determining how those policies will ultimately be implemented because other technologies are competing with vanadium redox.”
Lee added: “Within the redox, zinc bromide battery and lithium-ion batteries for grid storage are competing for market share. At this point, the biggest storage form is pumped hydro. Determining the scalability of these technologies, and the price differential between peak and off-peak pricing are key concerns. A slew of different government policies will determine whether vanadium redox can actually go forward.”
Email Print Reproduction
Tue, Nov 15, 2011
Feature Articles, Vanadium Articles
Post by Karan Kumar, Vanadium Reporter
By Karan Kumar – Exclusive to Vanadium Investing News
inShare.
Emerging uses for vanadium, such as from vanadium redox batteries (VRBs), could lead to a surge in vanadium demand and a widening supply-demand gap, and quite possibly a sharp increase in prices. Without factoring in emerging applications, demand for vanadium is already expected to more than double by 2025. The forecast is that by 2025, vanadium consumption will reach 123,000 metric tons, compared with 61,000 tons in 2010.
“People are contemplating using the vanadium redox battery as a portion of power grid storage,” Jonathan Lee, an analyst at Byron Capital, said in an interview last month. “Whether or not that takes hold is yet to be decided, but one distinct advantage is its long life, given that vanadium is on the anode and cathode side of the battery. It is a fairly unique technology, and if it could be comercialized on a larger scale it would definitely increase demand for vanadium significantly.”
According to Lee, vanadium trades at roughly $26 to $27 a kilogram. But analysts and experts cannot say what the price could rise to in the future if the energy storage application were to materialize on a larger scale. With vanadium’s use in storage technology gaining momentum, current signs are pointing toward a supply shortage on the horizon.
Energizer Resources Inc., whose prime focus is the exploration and development of its wholly-owned Green Giant vanadium project in Madagascar, estimates that the world will fall short of vanadium in 2013. A November 10 Reuters report showed that China, South Africa and Russia are the world’s biggest producers of vanadium. Exploration is being conducted by only a handful of small Canadian miners – American Vanadium (TSXV:AVC), Largo Resources (TSXV:LGO), Apella Resources (TSXV:APA), and Energizer Resources (TSX:EGZ,OTCBB:EGZR) – who are developing new deposits around the world.
The US government said earlier this year that it would invest about $185 million to deploying and demonstrating the effectiveness of utility-scale grid storage systems, American Vanadium said in a report on its website. And leading the way in new grid scale renewable storage solutions are VRBs.
“With the ever increasing frequency of news about vanadium and VRBs, it is becoming more apparent than ever before that vanadium’s role will be pivotal in the development of battery technology for electric vehicles and more importantly, for large scale energy storage systems,” Energizer reported. “This new demand stream is being driven by vanadium’s role as a ‘supercharger’ in lithium batteries for electric and hybrid cars and as an essential and substantial component in VRB storage systems.”
VBR commercialization
Currently VRBs are in use in the United States, China, Japan, Korea, the European Union and Australia. While the technology looks promising, experts say commercialization of the technology will take years.
Bethesda, Maryland-based Prudent Energy designs and makes patented VRBs. In December 2010, Prudent announced that it would install a 600-kilowatt VRB energy storage system Oxnard, California-based Gills Onions, one of the largest fresh-cut onion processing plants in the world.
Cellstrom GmbH, another VRB manufactuer, based in Austria, was acquired by Germany’s Gildemeister GmbH last year. Cellstrom has sold VRBs since 2008 across Europe and most recently into India under the name CellCube. In February 2011, CellCube was an integral part of the world launch of BMW’s electric vehicle, the BMWi. Charged with electricity from a wind turbine, the CellCube provided 100 percent renewable energy for a part of the media launch.
With all these new applications for vanadium in development and with China’s growing reluctance to supply raw materials to the western world, analysts say it is imperative that smaller players with projects start development and mining soon. At the same time, government policies and laws need to become clearer for VRB technology to commercialize.
“It comes down to a couple of things,” Byron Capital’s Lee said in the interview. “The government is mandating that certain percentages of electricity production must be sourced from renewable energy. So it’s really determining how those policies will ultimately be implemented because other technologies are competing with vanadium redox.”
Lee added: “Within the redox, zinc bromide battery and lithium-ion batteries for grid storage are competing for market share. At this point, the biggest storage form is pumped hydro. Determining the scalability of these technologies, and the price differential between peak and off-peak pricing are key concerns. A slew of different government policies will determine whether vanadium redox can actually go forward.”
Antwort auf Beitrag Nr.: 42.153.060 von Popeye82 am 29.09.11 22:27:24...aha da kramt man mal eine vielversprechende Klitsche aus und wer hat die dicksten Forumbeiträge schon vor monaten verfaßt...
Hi Popeye... falls Du mal wieder reinschaust.
ich bin grad ein bischen nach Vanadium und Graphitaktien am ausschau halten.
ob ich da mal investieren will weiß ich allerdings nicht.
da gäb´s noch Energizer aus Madagaskar, die hätten beide Rohstoffe.
Hi Popeye... falls Du mal wieder reinschaust.
ich bin grad ein bischen nach Vanadium und Graphitaktien am ausschau halten.
ob ich da mal investieren will weiß ich allerdings nicht.
da gäb´s noch Energizer aus Madagaskar, die hätten beide Rohstoffe.
Lac Dore Vanadium-Iron-Titanium Project Sold To Prestige Mining Corporation
Vancouver, BC – February 9th, 2012
Apella Resources Inc. which trades on (TSX.V: “APA”), (U.S.A. OTCQX: “APAFF”), and (Frankfurt Symbol: “NWN”) is pleased to report that the Company has sold its Lac Dore Vanadium-Iron-Titanium Project to its wholly-owned subsidiary Prestige Mining Corporation (“Prestige Mining”). Apella Resources Inc. (“Apella”) presently owns 100% of the issued and outstanding shares of Prestige Mining.
Under the terms of the sale agreement Prestige Mining will pay Apella $1,500,000 secured by way of a promissory note, 81,666,667 non-restricted common shares of Prestige Mining. Under the agreement Prestige Mining will pay to Apella 35% of any and all funds received as a result of the Province of Quebec mining/exploration incentive and tax refund programs. Prestige Mining will grant a 3% Net Smelter Royalty (NSR) in favour of Apella. Apella has been engaged as the operator of the Lac Dore Project and will receive an Operator’s Management Fee equal to 15% of the total expenditures spent on the Lac Dore project in each fiscal year for the services rendered. The services will be as per general industry practices. In addition, Prestige Mining is obligated to deliver to Apella a Bankable Feasibility Study for the Lac Dore project on or before June 30th, 2014.
This is the first move within Apella’s 2012 go-forward plan and the Company expects to undertake similar agreements of sale for its other Vanadium-Iron-Titanium Projects in the near-term. The company believes that its current and future potential will be fully maximized from its initiatives targeted toward moving its extensive Canadian Vanadium-Iron-Titanium projects into production.
Apella has entered into preliminary discussions, directly and indirectly, with several international mining and investment entities about potential equity investments directly into Prestige Mining. Management will consider all proposals based on the particular merits of each.
In other news, Prestige Mining plans to undertake its first phase of diamond drilling on its 100% owned Lac Dore Vanadium-Iron-Titanium Project in spring 2012. Drill targets have now been identified for Phases 1 and 2.
Apella will be providing more information and details on its initiatives as they proceed.
Additional information, as it is available, will be contained on the Company’s website at www.apellaresources.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
Vancouver, BC – February 9th, 2012
Apella Resources Inc. which trades on (TSX.V: “APA”), (U.S.A. OTCQX: “APAFF”), and (Frankfurt Symbol: “NWN”) is pleased to report that the Company has sold its Lac Dore Vanadium-Iron-Titanium Project to its wholly-owned subsidiary Prestige Mining Corporation (“Prestige Mining”). Apella Resources Inc. (“Apella”) presently owns 100% of the issued and outstanding shares of Prestige Mining.
Under the terms of the sale agreement Prestige Mining will pay Apella $1,500,000 secured by way of a promissory note, 81,666,667 non-restricted common shares of Prestige Mining. Under the agreement Prestige Mining will pay to Apella 35% of any and all funds received as a result of the Province of Quebec mining/exploration incentive and tax refund programs. Prestige Mining will grant a 3% Net Smelter Royalty (NSR) in favour of Apella. Apella has been engaged as the operator of the Lac Dore Project and will receive an Operator’s Management Fee equal to 15% of the total expenditures spent on the Lac Dore project in each fiscal year for the services rendered. The services will be as per general industry practices. In addition, Prestige Mining is obligated to deliver to Apella a Bankable Feasibility Study for the Lac Dore project on or before June 30th, 2014.
This is the first move within Apella’s 2012 go-forward plan and the Company expects to undertake similar agreements of sale for its other Vanadium-Iron-Titanium Projects in the near-term. The company believes that its current and future potential will be fully maximized from its initiatives targeted toward moving its extensive Canadian Vanadium-Iron-Titanium projects into production.
Apella has entered into preliminary discussions, directly and indirectly, with several international mining and investment entities about potential equity investments directly into Prestige Mining. Management will consider all proposals based on the particular merits of each.
In other news, Prestige Mining plans to undertake its first phase of diamond drilling on its 100% owned Lac Dore Vanadium-Iron-Titanium Project in spring 2012. Drill targets have now been identified for Phases 1 and 2.
Apella will be providing more information and details on its initiatives as they proceed.
Additional information, as it is available, will be contained on the Company’s website at www.apellaresources.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
Kursmäßig ne Bombenperformance seit Mitte letzten Jahres...
PacificOre Begins Trading
Vancouver, BC – Thursday, May 24, 2012
Apella Resources Inc. (TSX.V: “APA”); (U.S.A. OTCQX Exchange: “APAFF”); (Frankfurt Symbol: “NWN”) and its Board of Directors advise that pursuant to a resolution passed by the directors of the Company, the company plans to implement a name change to PacificOre Mining Corp effective at the open of trading on May 28, 2012. On that date PacificOre Mining Corp will begin trading under its own trading symbol “PC” on the TSX Venture Exchange. There will be no consolidation of capital associated.
The name change to PacificOre Mining Corp is part of the company’s, planned, global corporate strategy; being carried out to increase the company's global marketability and branding. The intent is to clearly distinguish the company from existing and potential competitors in the iron ore, vanadium and titanium space. PacificOre Mining Corp and its wholly-owned subsidiaries, Prestige Mining Corporation and Power Vanadium Corporation, anticipate leveraging their own distinct brand and identity through more clarity of value recognition in the iron ore, vanadium and titanium space with respect to their Lac Dore and Iron-T iron-vanadium-titanium assets.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Vancouver, BC – Thursday, May 24, 2012
Apella Resources Inc. (TSX.V: “APA”); (U.S.A. OTCQX Exchange: “APAFF”); (Frankfurt Symbol: “NWN”) and its Board of Directors advise that pursuant to a resolution passed by the directors of the Company, the company plans to implement a name change to PacificOre Mining Corp effective at the open of trading on May 28, 2012. On that date PacificOre Mining Corp will begin trading under its own trading symbol “PC” on the TSX Venture Exchange. There will be no consolidation of capital associated.
The name change to PacificOre Mining Corp is part of the company’s, planned, global corporate strategy; being carried out to increase the company's global marketability and branding. The intent is to clearly distinguish the company from existing and potential competitors in the iron ore, vanadium and titanium space. PacificOre Mining Corp and its wholly-owned subsidiaries, Prestige Mining Corporation and Power Vanadium Corporation, anticipate leveraging their own distinct brand and identity through more clarity of value recognition in the iron ore, vanadium and titanium space with respect to their Lac Dore and Iron-T iron-vanadium-titanium assets.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PACIFICORE APPOINTS TERRY PERLES TO ITS ADVISORY BOARD
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Vancouver, BC - December 10th, 2012
PacificOre Mining Corp. which trades on (TSX.V: "PC"), (U.S.A. OTCQX: "APAFF"),
and (Frankfurt Symbol: "NWN") is pleased to announce the appointment of Mr. Terry
Perles, one of the world's most highly regarded Vanadium authorities, to the Company's
Advisory Board. Terry Perles, who resides in Pittsburgh, Pennsylvania USA, has 30
years of experience in the metals industry in roles including engineering, construction
management, sales, marketing and senior management.
In 1988, Mr. Perles joined vanadium producer Stratcor and during his 20 year tenure
held positions in sales, marketing and senior management. In 1998, he was appointed
Vice President of Sales & Marketing and charged with the responsibility to manage
global vanadium sales to the steel, titanium and chemical industries. Mr. Perles
also chaired the company's strategic planning committee.
By 2006, the Evraz Group had acquired controlling interest in Stratcor and Mr. Perles
joined East Metals S.A. of Lugano, Switzerland, the trading arm of the Evraz Group.
Evraz Group operates vanadium assets in Russia, South Africa, Czech Republic and
the USA, and Mr. Perles directed sales and marketing of the corporation's global
vanadium business. The EVRAZ Group is the world's largest producer of vanadium alloys
and chemicals used in various applications. Vanadium is an efficient strengthener
of steel used in construction, transportation, pipelines, and other applications
where higher strength and lower weight are important. It also significantly improves
the strength of titanium alloys used in critical aircraft and aerospace applications.
Vanadium compounds are also key ingredients in the production of chemicals and synthetic-rubber.
And vanadium electrolytes may soon help utilities store electricity in batteries
until it is needed.
In March 2010, Mr. Perles established TTP Squared, Inc., a metals industry consulting
firm serving both producers and consumers of vanadium chemicals and alloys, globally.
In December 2010, Mr. Perles established MoTiV Metals, LLC, a Pennsylvania corporation
acting as a North America sales agent for metal producers supplying vanadium, molybdenum
and titanium alloys and chemicals to steel, titanium alloy and chemical industries.
Mr. Perles holds a Bachelor of Science degree in Mechanical Engineering from the
University of Virginia and an MBA from the University of Pittsburgh. He served
as a member of the International Titanium Association board of directors from 2005
to 2009. He has been a member of the Vanadium International Technical Committee
(VANITEC) since 2004. PacificOre Mining Corp is also a member of VANITEC.
Patrick D. O'Brien, ICD.D, Chairman of PacificOre Mining Corp. and its subsidiaries
Prestige Mining and Power Vanadium commented, "Terry is one of the world's most
connected and informative authorities in the Vanadium space. He is well acquainted
with all of the producers and end users in the Vanadium, Titanium and Steel industries;
and is playing an important role in plugging PacificOre Mining and its two wholly-owned
subsidiaries Prestige Mining Corp. and Power Vanadium Corp. directly into the key
decision makers within these target sectors, on a global scale as we prepare to
move the Lac Dore and Iron-T Vanadium-Iron-Titanium projects towards future production."
Terry Perles states, "I am pleased to contribute and participate in the monetization
of PacificOre's Lac Dore and Iron-T deposits. Today, more than 90% of existing vanadium
demand is from the global steel industry, driven by increased steel production primarily
in China, India and the developing world. At the same time, various economic and
legislative factors are increasing the use of vanadium in the steel industry where
production of higher strength steels to meet the growing demand for infrastructure
is accelerating on a global basis. As a result, we expect the demand for vanadium
to grow at 7% year-over-year from 2010 to 2025 based on the steel industry alone."
Mr. Perles continues, "Now that the vanadium redox flow battery technology seems
to be on the cusp of mass commercialization, it could lead to an explosive new
demand for vanadium. In this application, purity of the vanadium compound (in the
form of V2O5) is critical, whereas purity is of little concern to the steel producers,
given the small amount of vanadium added to steel. Therefore, it is critical for
the vanadium, steel and battery industries to recognize the growing demand for
vanadium in the coming years, as well as the possible structural change in quality
requirements resulting from large scale commercialization of the vanadium redox
flow battery systems. Vanadium supply shortages are possible in the coming years
unless significant additional production, meeting battery application quality requirements,
is brought on line in the next few years. Vanadium prices should reflect the tight
but growing market conditions in the coming years and we anticipate V2O5 market
prices will move up from current levels into the range of US$8.50 to US$14.00 per
pound V2O5."
About Vanadium
Vanadium is well established as a strategic metal that strengthens and hardens alloys
like steel and is positioned to play a significant role in emerging battery technologies
such as batteries for electric cars and for large-scale energy storage. While there
are some opportunities for substitution in steel production, the same is not true
for other markets, including the emerging energy (battery) storage markets, the
military and particularly in the aerospace industry, where vanadium is irreplaceable.
Additional information, as it is available, will be contained on the Company's website
at www.pacificoremining.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFICORE MINING CORP.
"Patrick D. O'Brien"
Patrick D. O'Brien, ICD.D - Chairman
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet
Listed
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE
AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:
THIS NEWS RELEASE MAY CONTAIN FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL
FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS
TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.
Click here for the resource calculator [http://r20.rs6.net/tn.jsp?e=001fhQOOpAC_1f6cjxYfyhi-_aYiVfaT…
Gray [http://ui.constantcontact.com/sa/fwtf.jsp?m=1102176317872&a=…
For more information contact:
W. Adrian Bakker
Business Development
PacificOre Mining Corp. TSX-V "PC"
330 - 825 Homer St. V6B 2W2
Vancouver, BC, Canada
Ph.604.683.8990
Direct.604.641.4474
PACIFICORE APPOINTS TERRY PERLES TO ITS ADVISORY BOARD
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Vancouver, BC - December 10th, 2012
PacificOre Mining Corp. which trades on (TSX.V: "PC"), (U.S.A. OTCQX: "APAFF"),
and (Frankfurt Symbol: "NWN") is pleased to announce the appointment of Mr. Terry
Perles, one of the world's most highly regarded Vanadium authorities, to the Company's
Advisory Board. Terry Perles, who resides in Pittsburgh, Pennsylvania USA, has 30
years of experience in the metals industry in roles including engineering, construction
management, sales, marketing and senior management.
In 1988, Mr. Perles joined vanadium producer Stratcor and during his 20 year tenure
held positions in sales, marketing and senior management. In 1998, he was appointed
Vice President of Sales & Marketing and charged with the responsibility to manage
global vanadium sales to the steel, titanium and chemical industries. Mr. Perles
also chaired the company's strategic planning committee.
By 2006, the Evraz Group had acquired controlling interest in Stratcor and Mr. Perles
joined East Metals S.A. of Lugano, Switzerland, the trading arm of the Evraz Group.
Evraz Group operates vanadium assets in Russia, South Africa, Czech Republic and
the USA, and Mr. Perles directed sales and marketing of the corporation's global
vanadium business. The EVRAZ Group is the world's largest producer of vanadium alloys
and chemicals used in various applications. Vanadium is an efficient strengthener
of steel used in construction, transportation, pipelines, and other applications
where higher strength and lower weight are important. It also significantly improves
the strength of titanium alloys used in critical aircraft and aerospace applications.
Vanadium compounds are also key ingredients in the production of chemicals and synthetic-rubber.
And vanadium electrolytes may soon help utilities store electricity in batteries
until it is needed.
In March 2010, Mr. Perles established TTP Squared, Inc., a metals industry consulting
firm serving both producers and consumers of vanadium chemicals and alloys, globally.
In December 2010, Mr. Perles established MoTiV Metals, LLC, a Pennsylvania corporation
acting as a North America sales agent for metal producers supplying vanadium, molybdenum
and titanium alloys and chemicals to steel, titanium alloy and chemical industries.
Mr. Perles holds a Bachelor of Science degree in Mechanical Engineering from the
University of Virginia and an MBA from the University of Pittsburgh. He served
as a member of the International Titanium Association board of directors from 2005
to 2009. He has been a member of the Vanadium International Technical Committee
(VANITEC) since 2004. PacificOre Mining Corp is also a member of VANITEC.
Patrick D. O'Brien, ICD.D, Chairman of PacificOre Mining Corp. and its subsidiaries
Prestige Mining and Power Vanadium commented, "Terry is one of the world's most
connected and informative authorities in the Vanadium space. He is well acquainted
with all of the producers and end users in the Vanadium, Titanium and Steel industries;
and is playing an important role in plugging PacificOre Mining and its two wholly-owned
subsidiaries Prestige Mining Corp. and Power Vanadium Corp. directly into the key
decision makers within these target sectors, on a global scale as we prepare to
move the Lac Dore and Iron-T Vanadium-Iron-Titanium projects towards future production."
Terry Perles states, "I am pleased to contribute and participate in the monetization
of PacificOre's Lac Dore and Iron-T deposits. Today, more than 90% of existing vanadium
demand is from the global steel industry, driven by increased steel production primarily
in China, India and the developing world. At the same time, various economic and
legislative factors are increasing the use of vanadium in the steel industry where
production of higher strength steels to meet the growing demand for infrastructure
is accelerating on a global basis. As a result, we expect the demand for vanadium
to grow at 7% year-over-year from 2010 to 2025 based on the steel industry alone."
Mr. Perles continues, "Now that the vanadium redox flow battery technology seems
to be on the cusp of mass commercialization, it could lead to an explosive new
demand for vanadium. In this application, purity of the vanadium compound (in the
form of V2O5) is critical, whereas purity is of little concern to the steel producers,
given the small amount of vanadium added to steel. Therefore, it is critical for
the vanadium, steel and battery industries to recognize the growing demand for
vanadium in the coming years, as well as the possible structural change in quality
requirements resulting from large scale commercialization of the vanadium redox
flow battery systems. Vanadium supply shortages are possible in the coming years
unless significant additional production, meeting battery application quality requirements,
is brought on line in the next few years. Vanadium prices should reflect the tight
but growing market conditions in the coming years and we anticipate V2O5 market
prices will move up from current levels into the range of US$8.50 to US$14.00 per
pound V2O5."
About Vanadium
Vanadium is well established as a strategic metal that strengthens and hardens alloys
like steel and is positioned to play a significant role in emerging battery technologies
such as batteries for electric cars and for large-scale energy storage. While there
are some opportunities for substitution in steel production, the same is not true
for other markets, including the emerging energy (battery) storage markets, the
military and particularly in the aerospace industry, where vanadium is irreplaceable.
Additional information, as it is available, will be contained on the Company's website
at www.pacificoremining.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFICORE MINING CORP.
"Patrick D. O'Brien"
Patrick D. O'Brien, ICD.D - Chairman
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet
Listed
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE
AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:
THIS NEWS RELEASE MAY CONTAIN FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL
FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS
TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.
Click here for the resource calculator [http://r20.rs6.net/tn.jsp?e=001fhQOOpAC_1f6cjxYfyhi-_aYiVfaT…
Gray [http://ui.constantcontact.com/sa/fwtf.jsp?m=1102176317872&a=…
For more information contact:
W. Adrian Bakker
Business Development
PacificOre Mining Corp. TSX-V "PC"
330 - 825 Homer St. V6B 2W2
Vancouver, BC, Canada
Ph.604.683.8990
Direct.604.641.4474
Eigentlich sollte der thread inzwischen "Pacific Ore Mining" heißen.
Private Placement
Vancouver, BC – January 31st, 2013
PacificOre Mining Corp. which trades on (TSX.V: “PC”), (U.S.A. OTCQX: “APAFF”), and (Frankfurt Symbol: “NWN”) is pleased to announce that the Company has arranged, subject to regulatory approval, a private placement of up to 1,385,715 units at a price of $0.07 per unit and 500,000 units at a price of $0.08 per unit for total proceeds of $137,000 Cdn. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company. 1,385,715 of the warrants are exercisable at $0.14 Cdn. and 500,000 are exercisable at $0.15 Cdn. if exercised within a period of 48 months.
The Company has agreed to pay finder’s fees in respect to all or a portion of the proceeds accepted per the policies of the TSX Venture Exchange. The proceeds from the financing will be used for general operating capital.
PacificOre Mining invites the public to visit its website at http://www.pacificoremining.com or contact us by e-mail at info@pacificoremining.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFICORE MINING CORP
Private Placement
Vancouver, BC – January 31st, 2013
PacificOre Mining Corp. which trades on (TSX.V: “PC”), (U.S.A. OTCQX: “APAFF”), and (Frankfurt Symbol: “NWN”) is pleased to announce that the Company has arranged, subject to regulatory approval, a private placement of up to 1,385,715 units at a price of $0.07 per unit and 500,000 units at a price of $0.08 per unit for total proceeds of $137,000 Cdn. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company. 1,385,715 of the warrants are exercisable at $0.14 Cdn. and 500,000 are exercisable at $0.15 Cdn. if exercised within a period of 48 months.
The Company has agreed to pay finder’s fees in respect to all or a portion of the proceeds accepted per the policies of the TSX Venture Exchange. The proceeds from the financing will be used for general operating capital.
PacificOre Mining invites the public to visit its website at http://www.pacificoremining.com or contact us by e-mail at info@pacificoremining.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFICORE MINING CORP
An die Mods:
Apella Resources hat den Namen gewechselt in
PacificOre Min Aktie ISIN: CA69512D1078 | WKN: A1JY1R | Symb…
Wäre es wohl möglich, dass Sie den Titel des Threads entsprechend ändern?
Danke!
Apella Resources hat den Namen gewechselt in
PacificOre Min Aktie ISIN: CA69512D1078 | WKN: A1JY1R | Symb…
Wäre es wohl möglich, dass Sie den Titel des Threads entsprechend ändern?
Danke!
Inzwischen scheint sich auch in Deutschland etwas mit Redox-Vanadium Batterien zu tun:
http://www.umsicht.fraunhofer.de/de/presse-medien/pressemitt…
http://www.umsicht.fraunhofer.de/de/presse-medien/pressemitt…
FOR IMMEDIATE RELEASE
Concerned Shareholders of PacificOre Mining Corp. Intend to File and Mail a Dissident's Information Circular to Offer Change for the Better
VANCOUVER, BRITISH COLUMBIA -- April 1, 2013 - Shareholders of PacificOre Mining Corp. (TSX-V: "PC") (the "Company"), please take notice that: Concerned Shareholders of the Company, announced today that they intend to file and mail an information circular (the "Dissidents Information Circular") with Canadian securities regulators and has initiated a proxy solicitation process with the objective of having a new board of directors elected at the Company's annual general and special meeting of shareholders to be held on April 26, 2013 (the "AGM"). Copies of the Dissidents Information Circular will be mailed to shareholders in the next week and will be available online at www.sedar.com or by contacting Computershare Investor Services Inc. The Concerned Shareholders are seeking to elect Adrian Bakker, Stephen Pearce and Paul Sorbara to the board (collectively, the "Dissident Nominees"). The Dissident Nominees are successful businessmen with significant experience in geological exploration.
The Concerned Shareholders have initiated this proxy solicitation because they have lost all confidence in the ability of the current management of the Company to maximize shareholder value. The Company has failed to advance any of the Company's projects significantly and continues to struggle just to preserve its limited financial resources. During 2012 the Company spent $1,851,506 in administration costs and spent only $296,665 in exploration costs. Since March 2011, the share price of the Company has decreased substantially. The Concerned Shareholders strongly believe that the proposed nominees for directors slated by the current management of the Company are not in shareholders' best interests; instead, they are being proposed for re-election to further entrench current management, who have failed to effectively manage the affairs of the Company and deliver shareholder value.
The Concerned Shareholders believe that the Dissident Nominees have the necessary experience in geological exploration, as well as skills in business, capital markets, finance and accounting, to enhance shareholder value and allow the Company to realize on its potential. For further information on each of the Dissident Nominees, please see the Dissidents Information Circular under the heading "Profiles of the Dissident Nominees".
The Concerned Shareholder urges shareholders to review the Dissidents Information Circular and to vote only their GREEN PROXY (accompanying the Dissidents Information Circular and also available on www.sedar.com under the Company's profile) no later than April 24th, 2013 at 5:00 P.M. (Pacific Time) by signing, dating and sending their GREEN PROXY by:
(a) EMAIL to PROXYTABULATION@COMPUTERSHARE.COM,or
(b) FAX to COMPUTERSHARE INVESTOR SERVICES INC. at: 1-866-249-7775
(c) MAIL to COMPUTERSHARE INVESTOR SERVICES INC.,100 UNIVERSITY AVE.,
9TH FLOOR, TORONTO, ONTARIO, M5J 2Y1
IF YOU ARE A NON-REGISTERED HOLDER OF COMMON SHARES OF THE COMPANY, PLEASE FOLLOW THE INSTRUCTIONS UNDER THE HEADING OF "NON-REGISTERED SHAREHOLDERS" IN THE DISSIDENTS INFORMATION CIRCULAR.
If you have already voted in favour of management's nominees and resolutions, you may change your vote by submitting a GREEN PROXY with a later date. A later GREEN PROXY automatically revokes any earlier proxy given, including a white management proxy.
The Concerned Shareholder believes that a prosperous future for the Company and its shareholders is still attainable, but only if the Company becomes fiscally responsible and effectively develops its business under new leadership.
The attached letter to shareholders is part of the Dissidents Information Circular available on www.sedar.com and outlines the concerns of the Concerned Shareholders as well as their plans for the Company.
For further information, please see the Dissidents Information Circular available on www.sedar.com under the profile of the Company.
Concerned Shareholders
Letter to the Shareholders of PacificOre Mining Corp. from the Concerned Shareholders:
April 1, 2013
A LETTER TO SHAREHOLDERS OF PACIFICORE MINING CORP.
Dear Fellow PacificOre Shareholder:
I am writing on behalf of the Concerned Shareholders (as defined in the attached Dissident's Information Circular) to ask for your support at the annual general meeting of PacificOre Mining Corp. ("PacificOre" or the "Company") scheduled to be held on Friday, April 26, 2013 in Vancouver, BC.
Unfortunately, the actions of management and the current Board of Directors have forced us to take action to protect our investment and that of all shareholders. The Concerned Shareholders do not have confidence in their ability to increase shareholder value. Set out below are reasons why we believe that a change at the top is needed at the Company and what you as a shareholder can do to create it.
Governance Concerns: The current Board has exhibited a disturbing lack of concern for shareholder interests. According to the Company's latest audited financial statements the Company spent only $296,665 on exploration during its 2012 fiscal year while its administrative costs were in excess of $1.8 million. It is time the Company become an exploration company, not an administrative company. The Company has been planning a drill program since July 2012 and has finally announced a small program in March 2013 with the meager funds it has left. If only a fraction of the funds spent on administration last year was put into the ground, PacificOre could be in a much better place today.
Management's lack of focus on exploration is not limited to the past year. Since 2005 management has spent more on administration than exploration every single year. Administration costs exceeded exploration costs by a staggering $10M over this period and there is absolutely nothing to suggest this pattern will not continue under current management.
Lack of focus is also destroying value for PacificOre shareholders. Specifically, spinning out assets through one of the Company's many subsidiaries, one being Pro Minerals Inc. ("Pro Minerals"). Pro Minerals was the first subsidiary spinout of Company assets on the TSX Venture Exchange. With an IPO price of $0.25, we contend many people recognized the value of these assets. Pro Minerals has been halted from trading on the TSX Venture Exchange since September 2012 (last price $0.01) and management has demonstrated no efforts or plan to have Pro Minerals trading again. PacificOre is the largest shareholder of Pro Minerals and all the directors of Pro Minerals are also directors of PacificOre, they have succeeded in destroying any value which might have accrued to PacificOre shareholders from this shareholding.
It appears management has further diverted PacificOre assets through another of these subsidiaries, Priority Ventures Corporation ("Priority Ventures"). According to the Company's latest audited financial statements its investment in Priority Ventures has been diluted from one year ago while at the same time amounts owing from Priority Ventures to the Company has increased. A double hit to the Company and another example management's lack of focus on building value for shareholders.
Excessive compensation: The Board of Directors has seen fit to pay Mr. O'Brien in excess of $2,000,000 over the past 10 years. His benefits extend beyond the millions of dollars and options, the Board of Directors authorized the lease of a Cadillac Escalade to Mr. O'Brien at a significant cost to the Company. The Company's 2012 audit states the Company's minimum lease payments over the next 5 fiscal years are 2013 - $46,330, 2012 - $44,190 and 2015 - $33,143. If this was not enough, Mr. O'Brien received further consideration from Pro Minerals, formerly a wholly owned subsidiary of the Company, in the amount of $290,000 over the past three years, according to the Company's most recent proxy filings.
Excessive option grants: The Company had 21,159,013 options outstanding according to its latest audited financial statements, representing approximately 15% of the issued and outstanding shares. Incredibly, the Board of Directors have seen fit to grant most of the stock options to its CEO, Mr. Patrick O'Brien. According to Mr. O'Brien's insider reporting filing he held 7,873,000 options.
PacificOre's dismal share price performance under the current board:
PacificOre's shares declined no less than 90% in 2 years following the award of claims covering the world class project, the Lac Dore project.
It is time for real change: The Company is at a critical point. The Company needs proper guidance now from an experienced Board for maximum value to be achieved for all shareholders. Execution is critical to the Company's success. Historical performance demonstrates that there is a significant risk of a loss of shareholder value if the management nominee slate is elected. The Concerned Shareholders strongly believe that the proposed nominees for directors by the current management of the company are not in shareholders' best interests; instead, they are being proposed for re-election to entrench current management further, which has failed to manage the affairs of the company effectively and deliver shareholder value
The Concerned Shareholders believe that a prosperous future for the Company and its shareholders is still attainable, but only if the Company becomes fiscally responsible and effectively develops its business under new leadership. The Dissident Nominees offer change for the better. Vote your GREEN PROXY today.
If you have any questions in connection with the completion and delivery of your GREEN PROXY, please call Adrian Bakker or Stephen Pearce at 1-604-351-9924 and one of them would be pleased to assist you.
Yours Sincerely,
CONCERNED SHAREHOLDERS
Concerned Shareholders of PacificOre Mining Corp. Intend to File and Mail a Dissident's Information Circular to Offer Change for the Better
VANCOUVER, BRITISH COLUMBIA -- April 1, 2013 - Shareholders of PacificOre Mining Corp. (TSX-V: "PC") (the "Company"), please take notice that: Concerned Shareholders of the Company, announced today that they intend to file and mail an information circular (the "Dissidents Information Circular") with Canadian securities regulators and has initiated a proxy solicitation process with the objective of having a new board of directors elected at the Company's annual general and special meeting of shareholders to be held on April 26, 2013 (the "AGM"). Copies of the Dissidents Information Circular will be mailed to shareholders in the next week and will be available online at www.sedar.com or by contacting Computershare Investor Services Inc. The Concerned Shareholders are seeking to elect Adrian Bakker, Stephen Pearce and Paul Sorbara to the board (collectively, the "Dissident Nominees"). The Dissident Nominees are successful businessmen with significant experience in geological exploration.
The Concerned Shareholders have initiated this proxy solicitation because they have lost all confidence in the ability of the current management of the Company to maximize shareholder value. The Company has failed to advance any of the Company's projects significantly and continues to struggle just to preserve its limited financial resources. During 2012 the Company spent $1,851,506 in administration costs and spent only $296,665 in exploration costs. Since March 2011, the share price of the Company has decreased substantially. The Concerned Shareholders strongly believe that the proposed nominees for directors slated by the current management of the Company are not in shareholders' best interests; instead, they are being proposed for re-election to further entrench current management, who have failed to effectively manage the affairs of the Company and deliver shareholder value.
The Concerned Shareholders believe that the Dissident Nominees have the necessary experience in geological exploration, as well as skills in business, capital markets, finance and accounting, to enhance shareholder value and allow the Company to realize on its potential. For further information on each of the Dissident Nominees, please see the Dissidents Information Circular under the heading "Profiles of the Dissident Nominees".
The Concerned Shareholder urges shareholders to review the Dissidents Information Circular and to vote only their GREEN PROXY (accompanying the Dissidents Information Circular and also available on www.sedar.com under the Company's profile) no later than April 24th, 2013 at 5:00 P.M. (Pacific Time) by signing, dating and sending their GREEN PROXY by:
(a) EMAIL to PROXYTABULATION@COMPUTERSHARE.COM,or
(b) FAX to COMPUTERSHARE INVESTOR SERVICES INC. at: 1-866-249-7775
(c) MAIL to COMPUTERSHARE INVESTOR SERVICES INC.,100 UNIVERSITY AVE.,
9TH FLOOR, TORONTO, ONTARIO, M5J 2Y1
IF YOU ARE A NON-REGISTERED HOLDER OF COMMON SHARES OF THE COMPANY, PLEASE FOLLOW THE INSTRUCTIONS UNDER THE HEADING OF "NON-REGISTERED SHAREHOLDERS" IN THE DISSIDENTS INFORMATION CIRCULAR.
If you have already voted in favour of management's nominees and resolutions, you may change your vote by submitting a GREEN PROXY with a later date. A later GREEN PROXY automatically revokes any earlier proxy given, including a white management proxy.
The Concerned Shareholder believes that a prosperous future for the Company and its shareholders is still attainable, but only if the Company becomes fiscally responsible and effectively develops its business under new leadership.
The attached letter to shareholders is part of the Dissidents Information Circular available on www.sedar.com and outlines the concerns of the Concerned Shareholders as well as their plans for the Company.
For further information, please see the Dissidents Information Circular available on www.sedar.com under the profile of the Company.
Concerned Shareholders
Letter to the Shareholders of PacificOre Mining Corp. from the Concerned Shareholders:
April 1, 2013
A LETTER TO SHAREHOLDERS OF PACIFICORE MINING CORP.
Dear Fellow PacificOre Shareholder:
I am writing on behalf of the Concerned Shareholders (as defined in the attached Dissident's Information Circular) to ask for your support at the annual general meeting of PacificOre Mining Corp. ("PacificOre" or the "Company") scheduled to be held on Friday, April 26, 2013 in Vancouver, BC.
Unfortunately, the actions of management and the current Board of Directors have forced us to take action to protect our investment and that of all shareholders. The Concerned Shareholders do not have confidence in their ability to increase shareholder value. Set out below are reasons why we believe that a change at the top is needed at the Company and what you as a shareholder can do to create it.
Governance Concerns: The current Board has exhibited a disturbing lack of concern for shareholder interests. According to the Company's latest audited financial statements the Company spent only $296,665 on exploration during its 2012 fiscal year while its administrative costs were in excess of $1.8 million. It is time the Company become an exploration company, not an administrative company. The Company has been planning a drill program since July 2012 and has finally announced a small program in March 2013 with the meager funds it has left. If only a fraction of the funds spent on administration last year was put into the ground, PacificOre could be in a much better place today.
Management's lack of focus on exploration is not limited to the past year. Since 2005 management has spent more on administration than exploration every single year. Administration costs exceeded exploration costs by a staggering $10M over this period and there is absolutely nothing to suggest this pattern will not continue under current management.
Lack of focus is also destroying value for PacificOre shareholders. Specifically, spinning out assets through one of the Company's many subsidiaries, one being Pro Minerals Inc. ("Pro Minerals"). Pro Minerals was the first subsidiary spinout of Company assets on the TSX Venture Exchange. With an IPO price of $0.25, we contend many people recognized the value of these assets. Pro Minerals has been halted from trading on the TSX Venture Exchange since September 2012 (last price $0.01) and management has demonstrated no efforts or plan to have Pro Minerals trading again. PacificOre is the largest shareholder of Pro Minerals and all the directors of Pro Minerals are also directors of PacificOre, they have succeeded in destroying any value which might have accrued to PacificOre shareholders from this shareholding.
It appears management has further diverted PacificOre assets through another of these subsidiaries, Priority Ventures Corporation ("Priority Ventures"). According to the Company's latest audited financial statements its investment in Priority Ventures has been diluted from one year ago while at the same time amounts owing from Priority Ventures to the Company has increased. A double hit to the Company and another example management's lack of focus on building value for shareholders.
Excessive compensation: The Board of Directors has seen fit to pay Mr. O'Brien in excess of $2,000,000 over the past 10 years. His benefits extend beyond the millions of dollars and options, the Board of Directors authorized the lease of a Cadillac Escalade to Mr. O'Brien at a significant cost to the Company. The Company's 2012 audit states the Company's minimum lease payments over the next 5 fiscal years are 2013 - $46,330, 2012 - $44,190 and 2015 - $33,143. If this was not enough, Mr. O'Brien received further consideration from Pro Minerals, formerly a wholly owned subsidiary of the Company, in the amount of $290,000 over the past three years, according to the Company's most recent proxy filings.
Excessive option grants: The Company had 21,159,013 options outstanding according to its latest audited financial statements, representing approximately 15% of the issued and outstanding shares. Incredibly, the Board of Directors have seen fit to grant most of the stock options to its CEO, Mr. Patrick O'Brien. According to Mr. O'Brien's insider reporting filing he held 7,873,000 options.
PacificOre's dismal share price performance under the current board:
PacificOre's shares declined no less than 90% in 2 years following the award of claims covering the world class project, the Lac Dore project.
It is time for real change: The Company is at a critical point. The Company needs proper guidance now from an experienced Board for maximum value to be achieved for all shareholders. Execution is critical to the Company's success. Historical performance demonstrates that there is a significant risk of a loss of shareholder value if the management nominee slate is elected. The Concerned Shareholders strongly believe that the proposed nominees for directors by the current management of the company are not in shareholders' best interests; instead, they are being proposed for re-election to entrench current management further, which has failed to manage the affairs of the company effectively and deliver shareholder value
The Concerned Shareholders believe that a prosperous future for the Company and its shareholders is still attainable, but only if the Company becomes fiscally responsible and effectively develops its business under new leadership. The Dissident Nominees offer change for the better. Vote your GREEN PROXY today.
If you have any questions in connection with the completion and delivery of your GREEN PROXY, please call Adrian Bakker or Stephen Pearce at 1-604-351-9924 and one of them would be pleased to assist you.
Yours Sincerely,
CONCERNED SHAREHOLDERS
FOR IMMEDIATE RELEASE
Concerned Shareholders Denied Access to Registered List of Shareholders
Registered Shareholders Denied right to Vote for Change
VANCOUVER, BRITISH COLUMBIA -- April 12, 2012 - Shareholders of PacificOre Mining Corp. (TSX-V: "PC") (the "Company"), please take notice that: Concerned Shareholders of the Company, have mailed its information circular (the "Dissident's Information Circular") yesterday to shareholders holding shares in Canadian brokerage accounts who have requested to receive proxy materials.
The Concerned shareholders will be mailing its Dissident's Information Circular today to shareholders in the United States who hold shares in US brokerage accounts.
In order to mail to registered shareholders, being those holding share certificates, the Concerned Shareholders have requested from the Company a list of registered shareholders. While the Company is required to "promptly" provide such information upon request according to the Business Corporations Act (British Columbia), the Board of Directors of PacificOre Mining Corp. has failed to provide such. Whether this is an attempt to deny registered shareholders the right to vote for change or management trying to entrench themselves, the Concerned Shareholders contend this is further evidence that change is necessary.
Management cannot deny shareholder the right to vote for change. While management has failed to file its proxy materials with the regulatory authorities, the Concerned Shareholders have filed their Dissident Information Circular and related materials with regulators. Shareholders wishing to review these documents can find them at www.sedar.com
under the Company's profile. Further, registered shareholders wishing to vote for change can find a GREEN PROXY and vote for change by downloading a copy of the proxy at
http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo…
and sign, date and return the proxy no later than 2:00 p.m. (Vancouver Time) on Wednesday, April 24, 2013, or in the case of any adjournment or postponement of the AGM, not less than 48 hours, excluding Saturdays, Sundays and holidays, prior to the time fixed for the re-convened AGM to Computershare Trust Company of Canada (Transfer Agent for the Company):
By fax to: 1-866-249-7775 (in North America) or 1-416-263-9524 (outside North America)
-or-
By mail to: Computershare Trust Company of Canada, Attn. Proxy Unit, 9th Floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1
Management continues to operate the business in its own best interests incurring $247,980 in administrative expenses while $46,085 was spent on exploration during the first quarter of 2013. Even more egregious is the fact that the Board of Directors saw fit to grant the Company's CEO a raise from $16,500 per month to $19,500 per month according to its first quarter filings, an almost 20% increase while shareholder value is being destroyed. Further, the Board of Directors of Pro Minerals, all of them also Directors of the Company, have not only wiped out any value in Pro Minerals, their related party interests continue costing our Company with further charges for bad debts of $55,500 in the first quarter without any explanation. We can't let the current management and Board destroy our Company as they did Pro Minerals.
VOTE FOR CHANGE.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Concerned Shareholders Denied Access to Registered List of Shareholders
Registered Shareholders Denied right to Vote for Change
VANCOUVER, BRITISH COLUMBIA -- April 12, 2012 - Shareholders of PacificOre Mining Corp. (TSX-V: "PC") (the "Company"), please take notice that: Concerned Shareholders of the Company, have mailed its information circular (the "Dissident's Information Circular") yesterday to shareholders holding shares in Canadian brokerage accounts who have requested to receive proxy materials.
The Concerned shareholders will be mailing its Dissident's Information Circular today to shareholders in the United States who hold shares in US brokerage accounts.
In order to mail to registered shareholders, being those holding share certificates, the Concerned Shareholders have requested from the Company a list of registered shareholders. While the Company is required to "promptly" provide such information upon request according to the Business Corporations Act (British Columbia), the Board of Directors of PacificOre Mining Corp. has failed to provide such. Whether this is an attempt to deny registered shareholders the right to vote for change or management trying to entrench themselves, the Concerned Shareholders contend this is further evidence that change is necessary.
Management cannot deny shareholder the right to vote for change. While management has failed to file its proxy materials with the regulatory authorities, the Concerned Shareholders have filed their Dissident Information Circular and related materials with regulators. Shareholders wishing to review these documents can find them at www.sedar.com
under the Company's profile. Further, registered shareholders wishing to vote for change can find a GREEN PROXY and vote for change by downloading a copy of the proxy at
http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo…
and sign, date and return the proxy no later than 2:00 p.m. (Vancouver Time) on Wednesday, April 24, 2013, or in the case of any adjournment or postponement of the AGM, not less than 48 hours, excluding Saturdays, Sundays and holidays, prior to the time fixed for the re-convened AGM to Computershare Trust Company of Canada (Transfer Agent for the Company):
By fax to: 1-866-249-7775 (in North America) or 1-416-263-9524 (outside North America)
-or-
By mail to: Computershare Trust Company of Canada, Attn. Proxy Unit, 9th Floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1
Management continues to operate the business in its own best interests incurring $247,980 in administrative expenses while $46,085 was spent on exploration during the first quarter of 2013. Even more egregious is the fact that the Board of Directors saw fit to grant the Company's CEO a raise from $16,500 per month to $19,500 per month according to its first quarter filings, an almost 20% increase while shareholder value is being destroyed. Further, the Board of Directors of Pro Minerals, all of them also Directors of the Company, have not only wiped out any value in Pro Minerals, their related party interests continue costing our Company with further charges for bad debts of $55,500 in the first quarter without any explanation. We can't let the current management and Board destroy our Company as they did Pro Minerals.
VOTE FOR CHANGE.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
FOR IMMEDIATE RELEASE
PacificOre without leadership, no CEO, no plan and a Board determined to maintain their positions
VANCOUVER, BRITISH COLUMBIA -- April 30, 2013
The Concerned Shareholders have come to learn that certain PacificOre board members were advising Shareholders they had appointed a new CEO. However, the Concerned Shareholders have learned that this potential new CEO will not accept the position. The Company has been without a CEO since April 18.
The current board does not have a mandate from shareholders to make such appointments as they chose to cancel the AGM they called which would have installed the slate of directors proposed by the Concerned Shareholders. What is becoming increasingly apparent is the boards' choice to ignore basic corporate governance principles and securities laws. A new CEO is a material change and both these standards require a board of directors to publicly disclose details of any such appointments immediately, and in any event, prior to any selective disclosure to the public. Instead the board has decided to provide selective disclosure with such confirmation appearing on public internet forum www.stockhouse.com last Friday.
Their proposed CEO had not acted as a director or officer of any Canadian public company according to regulatory filings and to the best of the knowledge of Concerned Shareholders had little involvement with junior exploration companies. The Board appears to have questionable requirements for what it is looking for in a CEO.
After the board refuses to recognize Shareholders voting for the Concerned Shareholders' slate of directors, they subsequently tried to hire an under qualified person. This obvious attempt to ensure their positions would remain protected was coupled with another significant discovery. Questionable financial dealings within the Company have been exposed by the Concerned Shareholders. One has to ask oneself whether a further qualification of any CEO is to ignore, cover up or otherwise brush aside any further financial irregularities that might be uncovered.
It is a fiduciary duty of the board to act in the best interests of Shareholders and if public company and junior exploration company experience are not essential requirements for a CEO this board would choose, they should make clear what they are looking for in a CEO.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
PacificOre without leadership, no CEO, no plan and a Board determined to maintain their positions
VANCOUVER, BRITISH COLUMBIA -- April 30, 2013
The Concerned Shareholders have come to learn that certain PacificOre board members were advising Shareholders they had appointed a new CEO. However, the Concerned Shareholders have learned that this potential new CEO will not accept the position. The Company has been without a CEO since April 18.
The current board does not have a mandate from shareholders to make such appointments as they chose to cancel the AGM they called which would have installed the slate of directors proposed by the Concerned Shareholders. What is becoming increasingly apparent is the boards' choice to ignore basic corporate governance principles and securities laws. A new CEO is a material change and both these standards require a board of directors to publicly disclose details of any such appointments immediately, and in any event, prior to any selective disclosure to the public. Instead the board has decided to provide selective disclosure with such confirmation appearing on public internet forum www.stockhouse.com last Friday.
Their proposed CEO had not acted as a director or officer of any Canadian public company according to regulatory filings and to the best of the knowledge of Concerned Shareholders had little involvement with junior exploration companies. The Board appears to have questionable requirements for what it is looking for in a CEO.
After the board refuses to recognize Shareholders voting for the Concerned Shareholders' slate of directors, they subsequently tried to hire an under qualified person. This obvious attempt to ensure their positions would remain protected was coupled with another significant discovery. Questionable financial dealings within the Company have been exposed by the Concerned Shareholders. One has to ask oneself whether a further qualification of any CEO is to ignore, cover up or otherwise brush aside any further financial irregularities that might be uncovered.
It is a fiduciary duty of the board to act in the best interests of Shareholders and if public company and junior exploration company experience are not essential requirements for a CEO this board would choose, they should make clear what they are looking for in a CEO.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR IMMEDIATE RELEASE
DISGUSTED SHAREHOLDER OF
PACIFICORE MINING CORP. SPEAKS OUT
VANCOUVER, BRITISH COLUMBIA -- May 6, 2013
Shareholders of PacificOre Mining Corp. (TSX-V: "PC") (the "Company")
I bought my first shares of PacificOre Mining Corporation when the company name
was Novawest Resources in July 1993. Today, I control 8,639,288 shares and
warrants of the company. I am a serious shareholder and want and demand change.
All these 20 years I have recommended the stock to friends and loved ones. I always thought this company stood above the storied Vancouver phony mining companies, companies where there were sometimes no underlying or worthless assets, companies where the promoters enriched themselves and the stockholders lost everything. I defended this company's management to so many people as honorable, straight forward business men with solid assets in the ground. I never sold any shares and I have never had a 'pay day.' I doubt the same could be said by present and past directors. The stock never attained a stable and growing value. There were some short lived price spikes to be sure, but not sustainable to reward shareholders with a very substantial gain. I stuck with believing it was real but stopped recommending to anyone, believing I would someday be a big winner as I continued buying stock through the years.
I still believe the vanadium assets the company holds are not fictitious but worth a fortune (over $100 billion). The baffling aspect of the current turmoil is that recent and current management has been unable or unwilling to advance the projects to proven feasibility for the good of all shareholders. WHAT ARE THEY WAITING ON!!!!
It cannot be 'lack of funds' as I, personally, have completed private placements of almost $142,500 in the past year and the company received $300,000 from the Quebec government recently. So, it is not 'lack of funds' but rather, 'managing', funds to fulfill the mission of the company which "should be" completing exploration and feasibility. 'Should be' is emphasized because I cannot find a mission statement in the company Website or the "Notice Of AGM of Shareholders" which they so wrongly and cowardly cancelled for their own protection, certainly not for the benefit of shareholders. If the meeting had gone forward, management would have been gone April 26, 2013 and new management would be in negotiations to benefit shareholders.
What is going on? They do not answer the phones. They cannot be contacted. Are they taking money from the company, rewarding themselves bonus'? Are they trying to destroy the company by some shady deal to move our vanadium assets to another entity and eliminate us from legitimate participation in the success that is possible? How do we know? Have they set a new AGM? Should shareholders join together to take legal action against the remaining directors to protect ourselves?
I call upon the current board of directors to fix the problem. The board should appoint Adrian Bakker and Steven Pearce to the board and appoint Mr. Bakker to CEO. Mr. Bakker has been a steadfast and dedicated man of action, who raised the vast majority of capital for PacificOre for the last 5 years. He has made connections to companies and individuals who want to assist in financing further drilling to prove feasibility and value and moving the company towards production. Mr. Pearce is a respected corporate lawyer in the bustling Vancouver business community who will be dedicated to protecting the shareholders of this company.
I also call upon individual shareholders to make your voices heard. If you agree with my position, I think it would be a good thing for management to see a large number of news releases from other shareholders, either by copying this release stating "AGREEMENT WITH DIGUSTED SHAREHOLDER" or even better, write your own thoughts in your own words. You should add the number of shares you control so everyone, management, shareholders, government regulators and the public, can see the numbers of shares held by shareholders who are tired of being ignored and who want change. Contact Stockwatch to inquire how to submit a news release. I hope to see a tremendous amount of support voiced for Adrian Bakker and Stephen Pearce.
Shareholders For Change, thanks for your time in reading this.
Yours Sincerely,
Roger Shook
Palm Springs, California
DISGUSTED SHAREHOLDER OF
PACIFICORE MINING CORP. SPEAKS OUT
VANCOUVER, BRITISH COLUMBIA -- May 6, 2013
Shareholders of PacificOre Mining Corp. (TSX-V: "PC") (the "Company")
I bought my first shares of PacificOre Mining Corporation when the company name
was Novawest Resources in July 1993. Today, I control 8,639,288 shares and
warrants of the company. I am a serious shareholder and want and demand change.
All these 20 years I have recommended the stock to friends and loved ones. I always thought this company stood above the storied Vancouver phony mining companies, companies where there were sometimes no underlying or worthless assets, companies where the promoters enriched themselves and the stockholders lost everything. I defended this company's management to so many people as honorable, straight forward business men with solid assets in the ground. I never sold any shares and I have never had a 'pay day.' I doubt the same could be said by present and past directors. The stock never attained a stable and growing value. There were some short lived price spikes to be sure, but not sustainable to reward shareholders with a very substantial gain. I stuck with believing it was real but stopped recommending to anyone, believing I would someday be a big winner as I continued buying stock through the years.
I still believe the vanadium assets the company holds are not fictitious but worth a fortune (over $100 billion). The baffling aspect of the current turmoil is that recent and current management has been unable or unwilling to advance the projects to proven feasibility for the good of all shareholders. WHAT ARE THEY WAITING ON!!!!
It cannot be 'lack of funds' as I, personally, have completed private placements of almost $142,500 in the past year and the company received $300,000 from the Quebec government recently. So, it is not 'lack of funds' but rather, 'managing', funds to fulfill the mission of the company which "should be" completing exploration and feasibility. 'Should be' is emphasized because I cannot find a mission statement in the company Website or the "Notice Of AGM of Shareholders" which they so wrongly and cowardly cancelled for their own protection, certainly not for the benefit of shareholders. If the meeting had gone forward, management would have been gone April 26, 2013 and new management would be in negotiations to benefit shareholders.
What is going on? They do not answer the phones. They cannot be contacted. Are they taking money from the company, rewarding themselves bonus'? Are they trying to destroy the company by some shady deal to move our vanadium assets to another entity and eliminate us from legitimate participation in the success that is possible? How do we know? Have they set a new AGM? Should shareholders join together to take legal action against the remaining directors to protect ourselves?
I call upon the current board of directors to fix the problem. The board should appoint Adrian Bakker and Steven Pearce to the board and appoint Mr. Bakker to CEO. Mr. Bakker has been a steadfast and dedicated man of action, who raised the vast majority of capital for PacificOre for the last 5 years. He has made connections to companies and individuals who want to assist in financing further drilling to prove feasibility and value and moving the company towards production. Mr. Pearce is a respected corporate lawyer in the bustling Vancouver business community who will be dedicated to protecting the shareholders of this company.
I also call upon individual shareholders to make your voices heard. If you agree with my position, I think it would be a good thing for management to see a large number of news releases from other shareholders, either by copying this release stating "AGREEMENT WITH DIGUSTED SHAREHOLDER" or even better, write your own thoughts in your own words. You should add the number of shares you control so everyone, management, shareholders, government regulators and the public, can see the numbers of shares held by shareholders who are tired of being ignored and who want change. Contact Stockwatch to inquire how to submit a news release. I hope to see a tremendous amount of support voiced for Adrian Bakker and Stephen Pearce.
Shareholders For Change, thanks for your time in reading this.
Yours Sincerely,
Roger Shook
Palm Springs, California
FOR IMMEDIATE RELEASE
Don Venturi, Christian Derosier and Don Wilson -
Qualified to act in Shareholder's best interests?
VANCOUVER, BRITISH COLUMBIA -- May 8, 2013
The Concerned Shareholders continue the fight for Shareholders' vote to count and ask the remaining board members, are they qualified to act in Shareholder's best interests? Inevitably, Shareholders will prevail, but, at what expense, and how much will the remaining board members let the Company suffer before relinquishing control or allowing Shareholders vote to count? And are they prepared to be held accountable for the costs their actions have incurred on the Company?
We know the board has denied the Shareholders' vote for the Concerned Shareholders slate of directors, have failed to find new management after the resignation of its CEO and refused to provide any update to Shareholders of what, if any, their plan is. The board's assertion that they are trying to advance its exploration program, strengthen its financial position and transition to new management rings hollow after the years of mismanagement and complete lack of detail. Further, the qualifications and skill set of the current board seriously question their ability to make such assertions as well as question their commitment to make any of it happen. Below is a summary of what the remaining individual board members bring to the Company.
Don Venturi may have years of experience flying helicopters but he has only ever been a director of one public company, your Company, and only since February 2011. This experience will hardly placate Shareholder concerns and does not provide the credibility needed at PacificOre now. Mr. Venturi has put none of his own money at risk, holding zero shares, but does not seem to mind taking Shareholder's money through director's fees up to October 2011 and a generous stock option package. With no financial interest, no other public company experience and no future board positions at public companies likely, what does Mr. Venturi have to lose, except value for Shareholders?
Christian Derosier who also serves as the VP of Exploration has a lot more to lose. He received fees of over $75,000 last year from PacificOre while the Company spent less than $300,000 in total in exploration. So we know where the majority of those exploration dollars went, not into the ground. Mr. Derosier has served as a director of two other public companies since 1993. While specifics are vague, his tenure as a director of public companies and his activities thereat resulted in the regulatory authorities requiring Mr. Derosier to seek assistance from managements legal counsel for two separate situations at the expense to the Company and take a course before becoming a director of PacificOre, hardly reassuring to Shareholders. We suggest Mr. Derosier review the notes from that course and share them with the rest of the board.
Some may suggest that Mr. Derosier, as project manager for the Company's flagship property, is invaluable. However, his commitment to the project versus his commitment to his ongoing fees and position must be questioned and he should step aside to avoid conflict. Besides, his last drill program in March of this year consisted of a staggering four holes, all of which twinned prior drill holes. Minimal geological expertise is required to twin existing drill holes. Might I suggest you twin holes which had good results! Furthermore the latest drill program was another glaring example of bad management. There was no clear objective, distinctive purpose or capital cost disclosed publicly. The mobilization and demobilization cost alone would not be justified given the small size of the drilling program. This misuse of what little precious funds the Company has left for the sake of winning public support is inexcusable. The day following the announcement of drill results, Tuesday, May 7, 2013, there was almost no volume on the TSX Venture market for PacificOre.
Don Wilson has served as a director of the Company since March of this year. According to regulatory filings he owns zero shares of the Company, but presumably has a handsome stock option package. His only other public company experience is Pro Minerals Inc. Shareholders might remember Pro Minerals as the spinoff from PacificOre of its gold assets. While the intent was for Shareholders to realize further value from these assets, Pro Minerals is currently halted from trading thereby making its value zero. Mr. Wilson is also involved in Priority Ventures Corporation, another proposed spinoff of Company assets which has yielded zero value to Shareholders. Mr. Wilson, while only a director for a short time, may have done the most to destroy Shareholder value to PacificOre in the long run.
Conclusion
The majority of the board owns no shares of PacificOre, hence they have no concern for any loss of their investments.
Apart from Mr. Wilson serving on the board of the now defunct spinoff, Pro Minerals Inc., none of the board has any concern of losing any other board position of a publicly traded company.
And, apart from Mr. Derosier's tenuous experience at two other public companies, it seems unlikely any of the members of this board desire to serve on any other public company boards in the future. Hence, the ultimate conclusion is the board has nothing to lose by its current action, or inaction.
This begs the question, what is the board doing and why fight the wishes of Shareholders and their desire to install the Concerned Shareholders slate of directors? This lack of leadership, explanation of past or present actions or outline of any real plan going forward might lead one to surmise their behavior has a design which may not be in Shareholders' best interests, but their own. What else could be behind their intransigence? Is there something more than the board has disclosed in past disclosure, or something the board does not wish disclosed? Shareholders deserve an explanation.
Shareholders are encouraged to contact the remaining board members and press them for change, so the Company can move forward. The remaining board member's contact numbers are below. The Concerned Shareholders will continue to fight for the Shareholders and will provide further updates in due course.
Don Venturi - (250) 863-0704
Christian Derosier - (514) 758-7412
Don Wilson - (604) 603-3882
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Don Venturi, Christian Derosier and Don Wilson -
Qualified to act in Shareholder's best interests?
VANCOUVER, BRITISH COLUMBIA -- May 8, 2013
The Concerned Shareholders continue the fight for Shareholders' vote to count and ask the remaining board members, are they qualified to act in Shareholder's best interests? Inevitably, Shareholders will prevail, but, at what expense, and how much will the remaining board members let the Company suffer before relinquishing control or allowing Shareholders vote to count? And are they prepared to be held accountable for the costs their actions have incurred on the Company?
We know the board has denied the Shareholders' vote for the Concerned Shareholders slate of directors, have failed to find new management after the resignation of its CEO and refused to provide any update to Shareholders of what, if any, their plan is. The board's assertion that they are trying to advance its exploration program, strengthen its financial position and transition to new management rings hollow after the years of mismanagement and complete lack of detail. Further, the qualifications and skill set of the current board seriously question their ability to make such assertions as well as question their commitment to make any of it happen. Below is a summary of what the remaining individual board members bring to the Company.
Don Venturi may have years of experience flying helicopters but he has only ever been a director of one public company, your Company, and only since February 2011. This experience will hardly placate Shareholder concerns and does not provide the credibility needed at PacificOre now. Mr. Venturi has put none of his own money at risk, holding zero shares, but does not seem to mind taking Shareholder's money through director's fees up to October 2011 and a generous stock option package. With no financial interest, no other public company experience and no future board positions at public companies likely, what does Mr. Venturi have to lose, except value for Shareholders?
Christian Derosier who also serves as the VP of Exploration has a lot more to lose. He received fees of over $75,000 last year from PacificOre while the Company spent less than $300,000 in total in exploration. So we know where the majority of those exploration dollars went, not into the ground. Mr. Derosier has served as a director of two other public companies since 1993. While specifics are vague, his tenure as a director of public companies and his activities thereat resulted in the regulatory authorities requiring Mr. Derosier to seek assistance from managements legal counsel for two separate situations at the expense to the Company and take a course before becoming a director of PacificOre, hardly reassuring to Shareholders. We suggest Mr. Derosier review the notes from that course and share them with the rest of the board.
Some may suggest that Mr. Derosier, as project manager for the Company's flagship property, is invaluable. However, his commitment to the project versus his commitment to his ongoing fees and position must be questioned and he should step aside to avoid conflict. Besides, his last drill program in March of this year consisted of a staggering four holes, all of which twinned prior drill holes. Minimal geological expertise is required to twin existing drill holes. Might I suggest you twin holes which had good results! Furthermore the latest drill program was another glaring example of bad management. There was no clear objective, distinctive purpose or capital cost disclosed publicly. The mobilization and demobilization cost alone would not be justified given the small size of the drilling program. This misuse of what little precious funds the Company has left for the sake of winning public support is inexcusable. The day following the announcement of drill results, Tuesday, May 7, 2013, there was almost no volume on the TSX Venture market for PacificOre.
Don Wilson has served as a director of the Company since March of this year. According to regulatory filings he owns zero shares of the Company, but presumably has a handsome stock option package. His only other public company experience is Pro Minerals Inc. Shareholders might remember Pro Minerals as the spinoff from PacificOre of its gold assets. While the intent was for Shareholders to realize further value from these assets, Pro Minerals is currently halted from trading thereby making its value zero. Mr. Wilson is also involved in Priority Ventures Corporation, another proposed spinoff of Company assets which has yielded zero value to Shareholders. Mr. Wilson, while only a director for a short time, may have done the most to destroy Shareholder value to PacificOre in the long run.
Conclusion
The majority of the board owns no shares of PacificOre, hence they have no concern for any loss of their investments.
Apart from Mr. Wilson serving on the board of the now defunct spinoff, Pro Minerals Inc., none of the board has any concern of losing any other board position of a publicly traded company.
And, apart from Mr. Derosier's tenuous experience at two other public companies, it seems unlikely any of the members of this board desire to serve on any other public company boards in the future. Hence, the ultimate conclusion is the board has nothing to lose by its current action, or inaction.
This begs the question, what is the board doing and why fight the wishes of Shareholders and their desire to install the Concerned Shareholders slate of directors? This lack of leadership, explanation of past or present actions or outline of any real plan going forward might lead one to surmise their behavior has a design which may not be in Shareholders' best interests, but their own. What else could be behind their intransigence? Is there something more than the board has disclosed in past disclosure, or something the board does not wish disclosed? Shareholders deserve an explanation.
Shareholders are encouraged to contact the remaining board members and press them for change, so the Company can move forward. The remaining board member's contact numbers are below. The Concerned Shareholders will continue to fight for the Shareholders and will provide further updates in due course.
Don Venturi - (250) 863-0704
Christian Derosier - (514) 758-7412
Don Wilson - (604) 603-3882
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
TO ALL STOCKHOLDERS IN PACIFICORE MINING
VANCOUVER, BRITISH COLUMBIA -- May 9, 2013
Director of RJ & CS St. Germain Partnership Ltd. reports.
As long-term stockholders with in excess of 1.3 million shares plus warrants, which together give us control of more than 1 per cent of the issued stock in PacificOre Mining Corp., the RJ & CS St. Germain Partnership Ltd., our family investment group, has been watching recent developments with considerable concern.
We were dismayed when the current board, following the resignation of the former chief executive officer, chose to cancel the annual general meeting without prior consultation with any major stockholder. In our opinion, this move was self-serving and intended solely to thwart the rights of all stockholders.
It is particularly painful to subsequently discover that apparently none of the directors, chosen and appointed by the previous CEO, have purchased a single share in the company. Instead, it appears that all have chosen to enrich themselves from "generous" director fees and stock options while failing to fulfill even minimum oversight responsibilities expected from the directorate of a public corporation.
To also discover how little of the funds generated in recent years from private placement investors like ourselves has been applied to the stated purpose, project exploration and development, is disheartening especially when we are well aware that the in-ground assets are world class and hold potential value far in excess of even the highest valuation given to date by the market. In fact, rather than reflecting any of the fundamental value of those underlying assets, the price for the company's stock over these past two years has been languishing at its lowest trading range ever.
It is inexcusable that the current board has allowed this situation to develop without intervention. For those same directors to be now resisting the clear wishes of an overwhelming majority of stockholders and refusing to step aside is unconscionable. PacificOre Mining, now more than ever, needs the unreserved commitment and attention from a new slate of directors with the acumen, fundraising abilities and contacts, along with the executive skills required to plan and monitor the development and commercial exploitation of the company's projects and guide them diligently into production.
The team proposed by the dissident shareholder group meets these criteria in all respects. It is our recommendation to other shareholders that they give their full support to the nominees and demand that the current board resign their positions immediately and cease frustrating the true owners of the company with their intransigent and deliberate attempts to delay the AGM and postpone the inevitable.
We are familiar with the qualifications of the nominees and have absolute confidence in the proposed appointment of Adriaan Bakker as our chief executive officer. With his background knowledge of the company and the projects, in addition to close contacts with existing shareholder groups as well as the groundwork he has already laid with potential sources of major funding, Mr. Bakker has earned our full support.
Stockholders, as the rightful owners of the company, have a responsibility and an urgent obligation to demand that the present board of directors sets the earliest possible date for the AGM and gives us the opportunity to vote our shares as required by law. Please let your wishes be known now
(source: Stockwatch.com)
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
VANCOUVER, BRITISH COLUMBIA -- May 9, 2013
Director of RJ & CS St. Germain Partnership Ltd. reports.
As long-term stockholders with in excess of 1.3 million shares plus warrants, which together give us control of more than 1 per cent of the issued stock in PacificOre Mining Corp., the RJ & CS St. Germain Partnership Ltd., our family investment group, has been watching recent developments with considerable concern.
We were dismayed when the current board, following the resignation of the former chief executive officer, chose to cancel the annual general meeting without prior consultation with any major stockholder. In our opinion, this move was self-serving and intended solely to thwart the rights of all stockholders.
It is particularly painful to subsequently discover that apparently none of the directors, chosen and appointed by the previous CEO, have purchased a single share in the company. Instead, it appears that all have chosen to enrich themselves from "generous" director fees and stock options while failing to fulfill even minimum oversight responsibilities expected from the directorate of a public corporation.
To also discover how little of the funds generated in recent years from private placement investors like ourselves has been applied to the stated purpose, project exploration and development, is disheartening especially when we are well aware that the in-ground assets are world class and hold potential value far in excess of even the highest valuation given to date by the market. In fact, rather than reflecting any of the fundamental value of those underlying assets, the price for the company's stock over these past two years has been languishing at its lowest trading range ever.
It is inexcusable that the current board has allowed this situation to develop without intervention. For those same directors to be now resisting the clear wishes of an overwhelming majority of stockholders and refusing to step aside is unconscionable. PacificOre Mining, now more than ever, needs the unreserved commitment and attention from a new slate of directors with the acumen, fundraising abilities and contacts, along with the executive skills required to plan and monitor the development and commercial exploitation of the company's projects and guide them diligently into production.
The team proposed by the dissident shareholder group meets these criteria in all respects. It is our recommendation to other shareholders that they give their full support to the nominees and demand that the current board resign their positions immediately and cease frustrating the true owners of the company with their intransigent and deliberate attempts to delay the AGM and postpone the inevitable.
We are familiar with the qualifications of the nominees and have absolute confidence in the proposed appointment of Adriaan Bakker as our chief executive officer. With his background knowledge of the company and the projects, in addition to close contacts with existing shareholder groups as well as the groundwork he has already laid with potential sources of major funding, Mr. Bakker has earned our full support.
Stockholders, as the rightful owners of the company, have a responsibility and an urgent obligation to demand that the present board of directors sets the earliest possible date for the AGM and gives us the opportunity to vote our shares as required by law. Please let your wishes be known now
(source: Stockwatch.com)
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Shareholders Requisition Meeting
VANCOUVER, BRITISH COLUMBIA - May 29, 2013 -
As a result of the Board of PacificOre's failure to call a shareholders' "meeting as soon as it can", coupled with its application to the Registrar in Victoria to extend the deadline to hold its AGM until August 30, 2013, the Concerned Shareholders advise that they have requisitioned a shareholders' meeting under section 167 of the Business Corporations Act (British Columbia). This requires the Company to hold a Shareholders' meeting within four months of the requisition date of May 17, 2013.
The Concerned Shareholders have retained experienced legal counsel to coordinate the requisition and take any other legal actions necessary in the circumstances which may arise. The Concerned Shareholders believed this was necessary as the board has:
•refused or neglected to reschedule the AGM more than one month since the date of the cancelled AGM which they had called,
•failed to give an explanation for cancelling the AGM, except to say that the directors nominated in their proxy materials did not want to stand for re-election, notwithstanding that the proxy materials for that AGM were approved by those same directors,
•implied they do not intend to hold an AGM within the statutory time required by applying to the Registrar for an extension,
•failed to provide any meaningful update of their plans to hold the AGM.
The Concerned Shareholders find it disturbing that only one director on the current board was elected by Shareholders at the last AGM. Given these circumstances, Concerned Shareholders wish to remind the board that without the consent of PacificOre Shareholders and pending election of a Board representative of PacificOre shareholders, it must not undertake any transactions that would change, modify or diminish the current asset base of PacificOre, issue further shares of PacificOre, or in any other way affect the capitalization of PacificOre. There should also be no new commitments made or obligations incurred to new or existing senior management pending holding of the AGM.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Click here to view all New Releases Since April 1, 2013
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
VANCOUVER, BRITISH COLUMBIA - May 29, 2013 -
As a result of the Board of PacificOre's failure to call a shareholders' "meeting as soon as it can", coupled with its application to the Registrar in Victoria to extend the deadline to hold its AGM until August 30, 2013, the Concerned Shareholders advise that they have requisitioned a shareholders' meeting under section 167 of the Business Corporations Act (British Columbia). This requires the Company to hold a Shareholders' meeting within four months of the requisition date of May 17, 2013.
The Concerned Shareholders have retained experienced legal counsel to coordinate the requisition and take any other legal actions necessary in the circumstances which may arise. The Concerned Shareholders believed this was necessary as the board has:
•refused or neglected to reschedule the AGM more than one month since the date of the cancelled AGM which they had called,
•failed to give an explanation for cancelling the AGM, except to say that the directors nominated in their proxy materials did not want to stand for re-election, notwithstanding that the proxy materials for that AGM were approved by those same directors,
•implied they do not intend to hold an AGM within the statutory time required by applying to the Registrar for an extension,
•failed to provide any meaningful update of their plans to hold the AGM.
The Concerned Shareholders find it disturbing that only one director on the current board was elected by Shareholders at the last AGM. Given these circumstances, Concerned Shareholders wish to remind the board that without the consent of PacificOre Shareholders and pending election of a Board representative of PacificOre shareholders, it must not undertake any transactions that would change, modify or diminish the current asset base of PacificOre, issue further shares of PacificOre, or in any other way affect the capitalization of PacificOre. There should also be no new commitments made or obligations incurred to new or existing senior management pending holding of the AGM.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Click here to view all New Releases Since April 1, 2013
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
PacificOre Board Silent on Status of Company Properties
VANCOUVER, BRITISH COLUMBIA - June 6, 2013
It has come to the attention of the Concerned Shareholders that a number of claims that the Company holds have been allowed to expire. In the next month, 13 claims are set to expire. Concerned Shareholders demand that the board disclose what it intends to do about these expiring claims. For a junior exploration company, allowing valuable claims to lapse is not acceptable.
With the exploration season in Quebec now in full swing, the Concerned Shareholders find it very disturbing that the current board seems to have no intention or plan to conduct any further exploration this season. A 3 hole work program for the year may be acceptable to this board, but not for the Shareholders. The Concerned Shareholders wish to remind the board that they cannot now completely ignore the claims for the remainder of the year while they continue to entrench themselves. Shareholders are entitled to know what the board intends to do, not just about these expiring claims, but all the properties going forward.
Mr. W. Adrian Bakker said: "I am extremely disappointed that despite our efforts, the PacificOre board continues to stonewall any attempt at a reasonable compromise that even begins to effect a meaningful change in the composition of the board. Instead, they choose to ignore the Shareholders completely and spend further time and shareholders' money on frivolous pursuits of entrenchment without any consideration for Shareholders."
Mr. W. Adrian Bakker continued: "Shareholders have patiently awaited the opportunity to exercise their democratic rights, and it is clear to me that they now intend to overwhelmingly vote for real change at PacificOre." Since The Concerned Shareholders have first announced the overwhelming support for their dissident slate of directors, the existing board has cancelled the AGM, failed to appoint an interim CEO and proceeded to make false and misleading statements publically. As the board continues to thwart the will of the Company's Shareholders, they have also ignored their fundamental rights. Letters, news releases and emails have been written and disclosed publically by many of the most significant shareholders to the board with no response. The offsite phone switchboard is only taking messages and the only shareholder elected director that has not resigned yet, Christian Derosier, has cancelled his phone line. The board has acted and continues to act in a way that disenfranchises the Shareholders of the Company and entrenches themselves. The Concerned Shareholders legal team is prepared to take any measures required to counter any significant threat to corporate assets or share structure should the board attempt to materialize their apparent desperation.
Mr. W. Adrian Bakker added. "Despite three resignations we have waited more than two months for the existing board and management to respond to the strong and growing sentiment for change."
Our goal remains to bring superior operating performance, governance, and discipline to PacificOre to enhance value for all Shareholders. The board has refused invitations and proposals that provide clear and concise solutions to building significant shareholder value. An overwhelming majority of PacificOre's Shareholders are sending this message loud and clear. The time is long past for the existing board to hear them.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Click here to view all New Releases Since April 1, 2013
VANCOUVER, BRITISH COLUMBIA - June 6, 2013
It has come to the attention of the Concerned Shareholders that a number of claims that the Company holds have been allowed to expire. In the next month, 13 claims are set to expire. Concerned Shareholders demand that the board disclose what it intends to do about these expiring claims. For a junior exploration company, allowing valuable claims to lapse is not acceptable.
With the exploration season in Quebec now in full swing, the Concerned Shareholders find it very disturbing that the current board seems to have no intention or plan to conduct any further exploration this season. A 3 hole work program for the year may be acceptable to this board, but not for the Shareholders. The Concerned Shareholders wish to remind the board that they cannot now completely ignore the claims for the remainder of the year while they continue to entrench themselves. Shareholders are entitled to know what the board intends to do, not just about these expiring claims, but all the properties going forward.
Mr. W. Adrian Bakker said: "I am extremely disappointed that despite our efforts, the PacificOre board continues to stonewall any attempt at a reasonable compromise that even begins to effect a meaningful change in the composition of the board. Instead, they choose to ignore the Shareholders completely and spend further time and shareholders' money on frivolous pursuits of entrenchment without any consideration for Shareholders."
Mr. W. Adrian Bakker continued: "Shareholders have patiently awaited the opportunity to exercise their democratic rights, and it is clear to me that they now intend to overwhelmingly vote for real change at PacificOre." Since The Concerned Shareholders have first announced the overwhelming support for their dissident slate of directors, the existing board has cancelled the AGM, failed to appoint an interim CEO and proceeded to make false and misleading statements publically. As the board continues to thwart the will of the Company's Shareholders, they have also ignored their fundamental rights. Letters, news releases and emails have been written and disclosed publically by many of the most significant shareholders to the board with no response. The offsite phone switchboard is only taking messages and the only shareholder elected director that has not resigned yet, Christian Derosier, has cancelled his phone line. The board has acted and continues to act in a way that disenfranchises the Shareholders of the Company and entrenches themselves. The Concerned Shareholders legal team is prepared to take any measures required to counter any significant threat to corporate assets or share structure should the board attempt to materialize their apparent desperation.
Mr. W. Adrian Bakker added. "Despite three resignations we have waited more than two months for the existing board and management to respond to the strong and growing sentiment for change."
Our goal remains to bring superior operating performance, governance, and discipline to PacificOre to enhance value for all Shareholders. The board has refused invitations and proposals that provide clear and concise solutions to building significant shareholder value. An overwhelming majority of PacificOre's Shareholders are sending this message loud and clear. The time is long past for the existing board to hear them.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Click here to view all New Releases Since April 1, 2013
PacificOre Board is Alive
VANCOUVER, BRITISH COLUMBIA - June 7, 2013
In response to accusations of lying contained in PacificOre's news release dated June 6, 2013:
•The following claims were held by PacificOre (registered as Apella Resources) and expired on April 16, 2013: 2182449, 2182450, 2182451, 2182452, 2182453, 2182454, 2182455 and 2182456. The following is a link to the Quebec mineral exploration website which publicly disclosed the fact the claims expired ftp://ftp.mrn.gouv.qc.ca/Public/Gestim/titres_expires/Archives/2013/2013-04-29.pdf
•The following 11 claims currently held by PacificOre (registered as Apella Resources) are set to expire on June 18, 2013: 5276704, 5276705, 5276706, 5276707, 5276708, 5276709, 5276710, 5276711, 5276712, 5276713 and 5276714 and the following 2 claims are set to expire on June 22, 2013: 2354046 and 2354047. One can register at the Quebec mineral titles website which publicly discloses when the claims held and their expiry for any company https://gestim.mines.gouv.qc.ca/MRN_GestimP_Presentation/ODM…
•We acknowledge the Company may have drilled four holes and the geological exploration team (aka Christian Derosier, the only elected director) may have relied upon Mr. Bakker to raise more money for further drilling, but the Concerned Shareholders ask, IS MR DEROSIER GOING TO EVER HOLD HIMSELF ACCOUNTABLE FOR THE $1.8 MILLION DOLLARS SPENT ON ADMINISTRATIVE EXPENSES DURING HIS YEAR AS A DIRECTOR WHILE SPENDING LESS THAN $300K IN EXPLORATION, of which he got $75,527 of that. Maybe, as a member of the board and as VP of Exploration, Mr. Derosier could have better budgeted to conduct some drilling, rather than relying on others to raise money. Actions and behavior that point the finger at other people while not being held to account for their own actions is not what PacificOre Shareholder want or deserve. And, for Mr. Derosier's information and in response to his finger pointing, Mr. Bakker could no longer raise money that just went into the former CEO's pocket while all the directors sat around and approved even bigger payments to him.
This is not a "smear campaign". These are facts, which we are happy to provide detail and source information to Shareholders now and at any time in the future, as they are clearly not getting it from the board.
This lack of attention to detail raises serious concerns about the board's ability to protect Company assets and only reinforces our contention that change is necessary at PacificOre.
If the board was "reassured" by the "growing support" for their efforts, why schedule the AGM for September 17, the latest date permitted by the Business Corporations Act (British Columbia) based on the requisition organized by the Concerned Shareholders. Further, why publicly state to Shareholders you intend to hold the AGM "as soon as you can", then hold it as far out as you can based on the requisition. If the Concerned Shareholders represent a "vocal minority" why not get rid of them, by calling the AGM sooner rather than later. One might suggest the board is simply entrenching themselves in their positions for as long as they can. Any evidence to the contrary would be appreciated by Shareholders.
CLICK HERE FOR STEP BY STEP INSTRUCTIONS FOR HOW TO CHECK MINING CLAIM STATUS IN QUEBEC, CANADA...
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Click here to view all New Releases Since April 1, 2013
VANCOUVER, BRITISH COLUMBIA - June 7, 2013
In response to accusations of lying contained in PacificOre's news release dated June 6, 2013:
•The following claims were held by PacificOre (registered as Apella Resources) and expired on April 16, 2013: 2182449, 2182450, 2182451, 2182452, 2182453, 2182454, 2182455 and 2182456. The following is a link to the Quebec mineral exploration website which publicly disclosed the fact the claims expired ftp://ftp.mrn.gouv.qc.ca/Public/Gestim/titres_expires/Archives/2013/2013-04-29.pdf
•The following 11 claims currently held by PacificOre (registered as Apella Resources) are set to expire on June 18, 2013: 5276704, 5276705, 5276706, 5276707, 5276708, 5276709, 5276710, 5276711, 5276712, 5276713 and 5276714 and the following 2 claims are set to expire on June 22, 2013: 2354046 and 2354047. One can register at the Quebec mineral titles website which publicly discloses when the claims held and their expiry for any company https://gestim.mines.gouv.qc.ca/MRN_GestimP_Presentation/ODM…
•We acknowledge the Company may have drilled four holes and the geological exploration team (aka Christian Derosier, the only elected director) may have relied upon Mr. Bakker to raise more money for further drilling, but the Concerned Shareholders ask, IS MR DEROSIER GOING TO EVER HOLD HIMSELF ACCOUNTABLE FOR THE $1.8 MILLION DOLLARS SPENT ON ADMINISTRATIVE EXPENSES DURING HIS YEAR AS A DIRECTOR WHILE SPENDING LESS THAN $300K IN EXPLORATION, of which he got $75,527 of that. Maybe, as a member of the board and as VP of Exploration, Mr. Derosier could have better budgeted to conduct some drilling, rather than relying on others to raise money. Actions and behavior that point the finger at other people while not being held to account for their own actions is not what PacificOre Shareholder want or deserve. And, for Mr. Derosier's information and in response to his finger pointing, Mr. Bakker could no longer raise money that just went into the former CEO's pocket while all the directors sat around and approved even bigger payments to him.
This is not a "smear campaign". These are facts, which we are happy to provide detail and source information to Shareholders now and at any time in the future, as they are clearly not getting it from the board.
This lack of attention to detail raises serious concerns about the board's ability to protect Company assets and only reinforces our contention that change is necessary at PacificOre.
If the board was "reassured" by the "growing support" for their efforts, why schedule the AGM for September 17, the latest date permitted by the Business Corporations Act (British Columbia) based on the requisition organized by the Concerned Shareholders. Further, why publicly state to Shareholders you intend to hold the AGM "as soon as you can", then hold it as far out as you can based on the requisition. If the Concerned Shareholders represent a "vocal minority" why not get rid of them, by calling the AGM sooner rather than later. One might suggest the board is simply entrenching themselves in their positions for as long as they can. Any evidence to the contrary would be appreciated by Shareholders.
CLICK HERE FOR STEP BY STEP INSTRUCTIONS FOR HOW TO CHECK MINING CLAIM STATUS IN QUEBEC, CANADA...
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
Click here to view all New Releases Since April 1, 2013
PacificOre Administrative Expenses Continue to Mount Leaving Little for Exploration
VANCOUVER, BRITISH COLUMBIA - July 4, 2013
In keeping with the trend since 2005 when administration costs exceeded exploration costs by a staggering $10M, the most recent financial statements filed by PacificOre for the six month period ending April 30, 2013 show exploration expenditures of $181,171 while administrative expenses were $542,138. While the current board will undoubtedly blame such lack of concern for shareholder interests on prior management, the current board has yet to formally state they will reverse this trend. While the current board has repeatedly claimed, and again reiterated in its management discussion and analysis, that it is "regrouping", Concerned Shareholders believe Shareholders deserve more. As such, the Concerned Shareholders offer some advice to the current board on things they can do now to enhance Shareholder value.
First and foremost, immediately cease and desist providing funding to related party companies. PacificOre's most recent financial statements show an increase in receivables of $30,020 in the most recent quarter to a whopping $418,184 owing from related companies. Further, while much of this has already been written down, the board owes a duty to Shareholders to explain what they are going to do, if anything, to recover these receivables. This money could be used for exploration to advance the Company's property interests and not the other interests of the related party.
Secondly, ensure material information is disclosed in a timely fashion. While this might seem common sense to most, the current board may not appreciate that the appointment of officers requires a news release according to TSX Venture Exchange Policy 3.1 section 4.3 which states "If there is a change in the Directors or Officers of an Issuer, the Issuer must issue a press release as required by Policy 3.3 - Timely Disclosure."
PacificOre's most recent regulatory filings show Don Wilson as the acting CEO of the Company, the only public disclosure of such appointment. However, no press release has been issued by PacificOre of this fact. Mr. Wilson's only prior experience as an insider of a public company appears to be with the now defunct Pro Minerals Inc. PacificOre is the largest shareholder of Pro Minerals and has suffered a tremendous loss of value on its Pro Minerals shareholdings. The board should issue a press release in accordance with regulatory requirements announcing Mr. Wilson's appointment and further explain to Shareholders why he is the best person to lead the "regrouping" of the Company in light of Mr. Wilson's involvement in causing such steep losses to PacificOre.
It was noted in the related party section of PacificOre's most recently filed financial statements that no geological consulting fees were paid to any director or officer of the Company whereas in PacificOre's 2012 year-end audited financial statements it showed $75,527 was paid to Mr. Christian Derosier for such services. If this was inadvertently excluded in the quarterly financial statements they should be restated as this is material information. However, if Mr. Derosier is not receiving any consideration the board should publicly disclose it as Shareholders, especially the Concerned Shareholders, would look very favourably upon this and his commitment to the Company.
The Concerned Shareholders offer this advice as we see no reason to wait for the AGM to begin working in the best interests of Shareholders. Current management can only "regroup" and hang on for so long and any positive steps taken now will only make the transition, if any, more efficient and effective when it happens. We hope current management also has the interests of Shareholders at heart and gives serious consideration to our suggestions.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
VANCOUVER, BRITISH COLUMBIA - July 4, 2013
In keeping with the trend since 2005 when administration costs exceeded exploration costs by a staggering $10M, the most recent financial statements filed by PacificOre for the six month period ending April 30, 2013 show exploration expenditures of $181,171 while administrative expenses were $542,138. While the current board will undoubtedly blame such lack of concern for shareholder interests on prior management, the current board has yet to formally state they will reverse this trend. While the current board has repeatedly claimed, and again reiterated in its management discussion and analysis, that it is "regrouping", Concerned Shareholders believe Shareholders deserve more. As such, the Concerned Shareholders offer some advice to the current board on things they can do now to enhance Shareholder value.
First and foremost, immediately cease and desist providing funding to related party companies. PacificOre's most recent financial statements show an increase in receivables of $30,020 in the most recent quarter to a whopping $418,184 owing from related companies. Further, while much of this has already been written down, the board owes a duty to Shareholders to explain what they are going to do, if anything, to recover these receivables. This money could be used for exploration to advance the Company's property interests and not the other interests of the related party.
Secondly, ensure material information is disclosed in a timely fashion. While this might seem common sense to most, the current board may not appreciate that the appointment of officers requires a news release according to TSX Venture Exchange Policy 3.1 section 4.3 which states "If there is a change in the Directors or Officers of an Issuer, the Issuer must issue a press release as required by Policy 3.3 - Timely Disclosure."
PacificOre's most recent regulatory filings show Don Wilson as the acting CEO of the Company, the only public disclosure of such appointment. However, no press release has been issued by PacificOre of this fact. Mr. Wilson's only prior experience as an insider of a public company appears to be with the now defunct Pro Minerals Inc. PacificOre is the largest shareholder of Pro Minerals and has suffered a tremendous loss of value on its Pro Minerals shareholdings. The board should issue a press release in accordance with regulatory requirements announcing Mr. Wilson's appointment and further explain to Shareholders why he is the best person to lead the "regrouping" of the Company in light of Mr. Wilson's involvement in causing such steep losses to PacificOre.
It was noted in the related party section of PacificOre's most recently filed financial statements that no geological consulting fees were paid to any director or officer of the Company whereas in PacificOre's 2012 year-end audited financial statements it showed $75,527 was paid to Mr. Christian Derosier for such services. If this was inadvertently excluded in the quarterly financial statements they should be restated as this is material information. However, if Mr. Derosier is not receiving any consideration the board should publicly disclose it as Shareholders, especially the Concerned Shareholders, would look very favourably upon this and his commitment to the Company.
The Concerned Shareholders offer this advice as we see no reason to wait for the AGM to begin working in the best interests of Shareholders. Current management can only "regroup" and hang on for so long and any positive steps taken now will only make the transition, if any, more efficient and effective when it happens. We hope current management also has the interests of Shareholders at heart and gives serious consideration to our suggestions.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924
By Email at: pacificorenominees@gmail.com
PacificOre Abandons Company
Records
VANCOUVER, BRITISH COLUMBIA - July 10, 2013
The Concerned Shareholders have recently taken possession of the offices that PacificOre previously leased in South Surrey, BC. Left abandoned in these offices by PacificOre management, were over 100 bankers boxes containing Company documents, data, maps and equipment. When alerted by the property management company that PacificOre was many months in arrears with its rent, Don Wilson, an un-elected director and CEO of PacificOre (appointed by the elected board of directors, all the elected directors, with the exception of Christian Derosier, have resigned), informed them first that the signing officer on the Company's bank account had been terminated and they had to wait for a new signing officer that had yet to be appointed, then later stated that the Company was terminating their lease. When asked whether they could at least remove the 100 bankers boxes of Company documents, rolled maps, equipment and furniture still on the premises, Mr. Wilson refused. When W. Adriaan Bakker was notified by property management of the situation he successfully negotiated a new rental agreement and took possession of all the abandoned corporate material.
As current management does not see the need to protect Company assets, the Concerned Shareholders felt it incumbent to protect Company assets, negotiate a new rental agreement and take possession of all the abandoned corporate material. The Concerned Shareholders will now hold the documents on behalf of the Company and for the future benefit of Shareholders. These extensive records include geological, accounting and legal records spanning the years 1990 to 2012. The Concerned Shareholders will continue to use this office in anticipation of taking control of the Company at the AGM. The rental of this office represents only a fraction of the cost of rent the Company's former office, the entire 16th floor of the Bower Building, 543 Granville St. Vancouver, BC still listed on the Company's website.
The Concerned Shareholders acknowledge that the existing board has given the appearance of complying with the shareholder "requisition for special meeting," by choosing the last possible day permitted. This September 17th date is a fixed date such that the board can no longer stall and delay in an effort to entrench themselves. The Company remains in a state of flux without any apparent real leadership and an acting CEO not available for comment to shareholders. The board's recent choice in selecting the latest possible date for an AGM, failure to disclose material news such as appointing an acting CEO, mining claims being allowed to lapse and abandoning a substantial amount of the Company's legal, accounting and geological records is a glaring betrayal to Shareholders, especially so after Mr. Derosier publicly stated on May 10 that the Company intends to call a "meeting as soon as it can".
The Concerned Shareholders are extremely gratified with the positive reaction they have received from many of PacificOre Shareholders and wish to advise all Shareholders that they will continue to work in their best interests including unseating this current board and management team that have failed to look out for their interests. The Concerned Shareholders are looking forward to demonstrating the ability to create significant value and to establish the Company as a dominant player in the Vanadium/Titanium/Iron Ore sector.
The Concerned Shareholders remain hopeful that the board will reconsider their efforts to delay and stall for a change of management. The Concerned Shareholders are ready, willing and able to begin moving the Company forward on a path to near term production. This will happen once the wishes of PacificOre Shareholders are met at the AGM or, the board agrees willingly to an orderly transition sooner. The phone number for the Concerned Shareholders at their new office is 1-604-385-4485.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce
Mobile: 1-604-351-9924
Direct: 1-604-385-4485
By Email at: pacificorenominees@gmail.com
Records
VANCOUVER, BRITISH COLUMBIA - July 10, 2013
The Concerned Shareholders have recently taken possession of the offices that PacificOre previously leased in South Surrey, BC. Left abandoned in these offices by PacificOre management, were over 100 bankers boxes containing Company documents, data, maps and equipment. When alerted by the property management company that PacificOre was many months in arrears with its rent, Don Wilson, an un-elected director and CEO of PacificOre (appointed by the elected board of directors, all the elected directors, with the exception of Christian Derosier, have resigned), informed them first that the signing officer on the Company's bank account had been terminated and they had to wait for a new signing officer that had yet to be appointed, then later stated that the Company was terminating their lease. When asked whether they could at least remove the 100 bankers boxes of Company documents, rolled maps, equipment and furniture still on the premises, Mr. Wilson refused. When W. Adriaan Bakker was notified by property management of the situation he successfully negotiated a new rental agreement and took possession of all the abandoned corporate material.
As current management does not see the need to protect Company assets, the Concerned Shareholders felt it incumbent to protect Company assets, negotiate a new rental agreement and take possession of all the abandoned corporate material. The Concerned Shareholders will now hold the documents on behalf of the Company and for the future benefit of Shareholders. These extensive records include geological, accounting and legal records spanning the years 1990 to 2012. The Concerned Shareholders will continue to use this office in anticipation of taking control of the Company at the AGM. The rental of this office represents only a fraction of the cost of rent the Company's former office, the entire 16th floor of the Bower Building, 543 Granville St. Vancouver, BC still listed on the Company's website.
The Concerned Shareholders acknowledge that the existing board has given the appearance of complying with the shareholder "requisition for special meeting," by choosing the last possible day permitted. This September 17th date is a fixed date such that the board can no longer stall and delay in an effort to entrench themselves. The Company remains in a state of flux without any apparent real leadership and an acting CEO not available for comment to shareholders. The board's recent choice in selecting the latest possible date for an AGM, failure to disclose material news such as appointing an acting CEO, mining claims being allowed to lapse and abandoning a substantial amount of the Company's legal, accounting and geological records is a glaring betrayal to Shareholders, especially so after Mr. Derosier publicly stated on May 10 that the Company intends to call a "meeting as soon as it can".
The Concerned Shareholders are extremely gratified with the positive reaction they have received from many of PacificOre Shareholders and wish to advise all Shareholders that they will continue to work in their best interests including unseating this current board and management team that have failed to look out for their interests. The Concerned Shareholders are looking forward to demonstrating the ability to create significant value and to establish the Company as a dominant player in the Vanadium/Titanium/Iron Ore sector.
The Concerned Shareholders remain hopeful that the board will reconsider their efforts to delay and stall for a change of management. The Concerned Shareholders are ready, willing and able to begin moving the Company forward on a path to near term production. This will happen once the wishes of PacificOre Shareholders are met at the AGM or, the board agrees willingly to an orderly transition sooner. The phone number for the Concerned Shareholders at their new office is 1-604-385-4485.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce
Mobile: 1-604-351-9924
Direct: 1-604-385-4485
By Email at: pacificorenominees@gmail.com
Reminder to PacificOre Board of its Requirement to file Notice of AGM
VANCOUVER, BRITISH COLUMBIA - July 19, 2013
The Concerned Shareholders wish to remind the current board and management of various regulatory requirements. While the board has taken some liberties in its regulatory reporting with the most obvious examples of failing to file the proxy materials from the last AGM it called on SEDAR or failing to put out a news release for the appointment of new executive officers, Concerned Shareholders wish to ensure this does not occur with respect to setting the date for PacficOre's AGM.
It is a requirement of the Company to file a Notice of Meeting and the Record date with the regulatory authorities and on SEDAR for the holding of its AGM within a certain period of time. In a Company news release dated June 6, 2013, Mr. Derosier announced his intention to hold the Company's AGM on September 17, the last possible date as permitted by the Business Corporations Act (British Columbia) resulting from the requisition of meeting by Shareholders. The deadline for filing this notice is July 19, 2013, in order to have the AGM on September 17.
Concerned Shareholders felt it incumbent to remind current management and the Board of its reporting requirements as they have taken some liberties in its regulatory filings as previously mentioned. Another of these liberties includes disseminating, but not filing on SEDAR or its website, a June 6 news release setting the AGM date. While management may wish to hide some of their statements in that news release made against the Concerned Shareholders, we wish to advise management that their news release on June 13, which was published to "clarify the situation" was vindication enough for the Concerned Shareholders. However, current management may wish to further "clarify the situation" as it has come to our attention the claims forming the Game-Changer Property have been allowed to lapse.
It has now been 133 days since the Company first called its AGM for 2013, only to be cancelled, and 15 months since Shareholders were last able to vote on who they wish to lead the Company. Currently, only one director was elected and the only public statements from current management about the future is they are "regrouping". At this point in time, Concerned Shareholders only wish to give Shareholders their right to vote for the team they feel is best to lead PacificOre forward. Concerned Shareholders wish to reassure Shareholders that they will do what is necessary to affect the AGM if current management fails to do what they said and call the meeting.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce
Mobile: 1-604-351-9924
Direct: 1-604-385-4485
VANCOUVER, BRITISH COLUMBIA - July 19, 2013
The Concerned Shareholders wish to remind the current board and management of various regulatory requirements. While the board has taken some liberties in its regulatory reporting with the most obvious examples of failing to file the proxy materials from the last AGM it called on SEDAR or failing to put out a news release for the appointment of new executive officers, Concerned Shareholders wish to ensure this does not occur with respect to setting the date for PacficOre's AGM.
It is a requirement of the Company to file a Notice of Meeting and the Record date with the regulatory authorities and on SEDAR for the holding of its AGM within a certain period of time. In a Company news release dated June 6, 2013, Mr. Derosier announced his intention to hold the Company's AGM on September 17, the last possible date as permitted by the Business Corporations Act (British Columbia) resulting from the requisition of meeting by Shareholders. The deadline for filing this notice is July 19, 2013, in order to have the AGM on September 17.
Concerned Shareholders felt it incumbent to remind current management and the Board of its reporting requirements as they have taken some liberties in its regulatory filings as previously mentioned. Another of these liberties includes disseminating, but not filing on SEDAR or its website, a June 6 news release setting the AGM date. While management may wish to hide some of their statements in that news release made against the Concerned Shareholders, we wish to advise management that their news release on June 13, which was published to "clarify the situation" was vindication enough for the Concerned Shareholders. However, current management may wish to further "clarify the situation" as it has come to our attention the claims forming the Game-Changer Property have been allowed to lapse.
It has now been 133 days since the Company first called its AGM for 2013, only to be cancelled, and 15 months since Shareholders were last able to vote on who they wish to lead the Company. Currently, only one director was elected and the only public statements from current management about the future is they are "regrouping". At this point in time, Concerned Shareholders only wish to give Shareholders their right to vote for the team they feel is best to lead PacificOre forward. Concerned Shareholders wish to reassure Shareholders that they will do what is necessary to affect the AGM if current management fails to do what they said and call the meeting.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
Wim (Adriaan) Bakker or Stephen Pearce
Mobile: 1-604-351-9924
Direct: 1-604-385-4485
Appointment of Interim CEO
Vancouver, BC – July 25, 2013
PACIFICORE MINING CORP. (PC:TSX.V / HLLXF:USA OTCQX / NWN: Frankfurt) (the "Company") is pleased to announce that Peter Swistak has been appointed interim Chief Executive Officer of the Company. Mr. Swistak brings many years of experience working with public companies on financings, investor relations, property acquisitions and in other advisory roles. He is currently the President, CEO and director of Cavan Ventures Inc. (CVN:TSX.V), a mining company listed on the TSX Venture Exchange. Mr. Swistak will hold the office of interim CEO until the Company's next annual general meeting, to be held on September 17, 2013.
ON BEHALF OF THE BOARD OR DIRECTORS
"Donald Wilson"
Donald Wilson
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, BC – July 25, 2013
PACIFICORE MINING CORP. (PC:TSX.V / HLLXF:USA OTCQX / NWN: Frankfurt) (the "Company") is pleased to announce that Peter Swistak has been appointed interim Chief Executive Officer of the Company. Mr. Swistak brings many years of experience working with public companies on financings, investor relations, property acquisitions and in other advisory roles. He is currently the President, CEO and director of Cavan Ventures Inc. (CVN:TSX.V), a mining company listed on the TSX Venture Exchange. Mr. Swistak will hold the office of interim CEO until the Company's next annual general meeting, to be held on September 17, 2013.
ON BEHALF OF THE BOARD OR DIRECTORS
"Donald Wilson"
Donald Wilson
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
PacificOre Announces Annual General Meeting
Note: This news release was previously disseminated on June 6, 2013.
Vancouver, BC – June 6, 2013
PACIFICORE MINING CORP. (PC:TSX.V / HLLXF:USA OTCQX / NWN: Frankfurt) (the "Company") announces that it will be holding its annual general meeting on September 17, 2013, 10:00am, in the board room of Computershare Investor Services Inc. located on 2nd floor, 510 Burrard Street, Vancouver, British Columbia. Further information about the annual general meeting, including the text of the requisition sent by dissident shareholders, will be set out in a management information circular that will be mailed to shareholders and posted to SEDAR in due course.
The Company's directors have been communicating with shareholders, and are reassured to learn that there is growing support for the Board's efforts to improve the Company and strong disapproval for the dissidents' smear campaign. The Board is weary of responding to the dissidents' constant stream of outrageous lies, but nevertheless must respond to dispel their damaging misconceptions:
•NO mineral claims belonging to the Company have been allowed to expire so far this year.
•ALL of the Company's claims are in good standing.
•It is FALSE that 13 claims are about to expire next month.
•The Company drilled four holes, not three, up to March of this year. Shareholders should ask Adrian Bakker why he takes no responsibility for his failure to raise sufficient funds for the planned 16-hole drill program when the geological team relied on him to do so.
ON BEHALF OF THE BOARD OR DIRECTORS
"Christian Derosier"
Note: This news release was previously disseminated on June 6, 2013.
Vancouver, BC – June 6, 2013
PACIFICORE MINING CORP. (PC:TSX.V / HLLXF:USA OTCQX / NWN: Frankfurt) (the "Company") announces that it will be holding its annual general meeting on September 17, 2013, 10:00am, in the board room of Computershare Investor Services Inc. located on 2nd floor, 510 Burrard Street, Vancouver, British Columbia. Further information about the annual general meeting, including the text of the requisition sent by dissident shareholders, will be set out in a management information circular that will be mailed to shareholders and posted to SEDAR in due course.
The Company's directors have been communicating with shareholders, and are reassured to learn that there is growing support for the Board's efforts to improve the Company and strong disapproval for the dissidents' smear campaign. The Board is weary of responding to the dissidents' constant stream of outrageous lies, but nevertheless must respond to dispel their damaging misconceptions:
•NO mineral claims belonging to the Company have been allowed to expire so far this year.
•ALL of the Company's claims are in good standing.
•It is FALSE that 13 claims are about to expire next month.
•The Company drilled four holes, not three, up to March of this year. Shareholders should ask Adrian Bakker why he takes no responsibility for his failure to raise sufficient funds for the planned 16-hole drill program when the geological team relied on him to do so.
ON BEHALF OF THE BOARD OR DIRECTORS
"Christian Derosier"
PacificOre Announces Non-Brokered Private Placement
Vancouver, BC – July 12, 2013
PACIFICORE MINING CORP. (PC:TSX.V / HLLXF:USA OTCQX / NWN: Frankfurt) (the "Company") has arranged a non-brokered private placement of 775,000 units ("Units") at a price of $0.04 per Unit for aggregate gross proceeds of $31,000. Each Unit will be comprised of one common share ("Share") and one Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 48 months from the closing date at an exercise price of $0.15 per Warrant Share.
The proceeds raised will be used for general working capital. The private placement is subject to
acceptance by the TSX Venture Exchange.
ON BEHALF OF THE BOARD OR DIRECTORS
"Don Wilson"
Vancouver, BC – July 12, 2013
PACIFICORE MINING CORP. (PC:TSX.V / HLLXF:USA OTCQX / NWN: Frankfurt) (the "Company") has arranged a non-brokered private placement of 775,000 units ("Units") at a price of $0.04 per Unit for aggregate gross proceeds of $31,000. Each Unit will be comprised of one common share ("Share") and one Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 48 months from the closing date at an exercise price of $0.15 per Warrant Share.
The proceeds raised will be used for general working capital. The private placement is subject to
acceptance by the TSX Venture Exchange.
ON BEHALF OF THE BOARD OR DIRECTORS
"Don Wilson"
Reminder to PacificOre Board of its Requirement to file Information Circular
VANCOUVER, BRITISH COLUMBIA - August 22, 2013
The Concerned Shareholders wish to remind the current board and management again of various regulatory requirements. As the Company failed to file its proxy materials from its last AGM on SEDAR, Concerned Shareholders wish to ensure the Company does not do this again and is in full compliance with its regulatory reporting obligations. Specifically, we wish to remind management of the August 22nd deadline to file its information circular for the upcoming AGM.
It is a requirement of the Company to file an Information Circular with the regulatory authorities and on SEDAR for disclosure including their proposed slate of directors and other information pertinent to Shareholders. The meeting is a result of Shareholders requisitioning a meeting and the date of the meeting is a result of Mr. Derosier setting the meeting on the last possible date permitted by the Business Corporations Act (British Columbia) as it pertains to the requisition procedures.
Concerned Shareholders felt it incumbent to remind current management and the Board of its reporting requirements as they have taken some liberties in its regulatory filings. In addition to not filing its proxy materials, the Company has failed to announce the appointment of officers and disseminated news releases but not filing them on SEDAR or its website until a month later after being reminded by the Concerned Shareholders.
It has now been 178 days since the Company first called its AGM for 2013, only to be cancelled, and 16 months since Shareholders were last able to vote on who they wish to lead the Company. Currently, only one director was elected and the only public statement from current management about their development plans for PacificOre is they are "regrouping". At this point in time, Concerned Shareholders only wish to give Shareholders their right to vote for the team they feel is best to lead PacificOre forward. Given the past embarrassing circumstances, Concerned Shareholders wish to reassure Shareholders that they will continue to look out for the Company and do what they can to protect Shareholders' interest.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
W. Adriaan Bakker or Stephen Pearce
Mobile: 1-604-351-9924
Direct: 1-604-385-4485
By Email at: pacificorenominees@gmail.com
VANCOUVER, BRITISH COLUMBIA - August 22, 2013
The Concerned Shareholders wish to remind the current board and management again of various regulatory requirements. As the Company failed to file its proxy materials from its last AGM on SEDAR, Concerned Shareholders wish to ensure the Company does not do this again and is in full compliance with its regulatory reporting obligations. Specifically, we wish to remind management of the August 22nd deadline to file its information circular for the upcoming AGM.
It is a requirement of the Company to file an Information Circular with the regulatory authorities and on SEDAR for disclosure including their proposed slate of directors and other information pertinent to Shareholders. The meeting is a result of Shareholders requisitioning a meeting and the date of the meeting is a result of Mr. Derosier setting the meeting on the last possible date permitted by the Business Corporations Act (British Columbia) as it pertains to the requisition procedures.
Concerned Shareholders felt it incumbent to remind current management and the Board of its reporting requirements as they have taken some liberties in its regulatory filings. In addition to not filing its proxy materials, the Company has failed to announce the appointment of officers and disseminated news releases but not filing them on SEDAR or its website until a month later after being reminded by the Concerned Shareholders.
It has now been 178 days since the Company first called its AGM for 2013, only to be cancelled, and 16 months since Shareholders were last able to vote on who they wish to lead the Company. Currently, only one director was elected and the only public statement from current management about their development plans for PacificOre is they are "regrouping". At this point in time, Concerned Shareholders only wish to give Shareholders their right to vote for the team they feel is best to lead PacificOre forward. Given the past embarrassing circumstances, Concerned Shareholders wish to reassure Shareholders that they will continue to look out for the Company and do what they can to protect Shareholders' interest.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
W. Adriaan Bakker or Stephen Pearce
Mobile: 1-604-351-9924
Direct: 1-604-385-4485
By Email at: pacificorenominees@gmail.com
PacificOre ends proxy contest, current board resigns
RESIGNATION OF BOARD
August 30, 2012
PacificOre Mining Corp.'s four current directors -- Ernest Brisbane, Christian Derosier, Peter Swistak and Don Wilson -- have resigned from the board, effective Aug. 30, 2013. The outgoing board has appointed Paul Sorbara as director, who in turn has appointed Adrian Bakker and Stephen Pearce to the board. Brian F. Adams, CGA, has also resigned today from his position as chief financial officer of the company.
The outgoing directors have concluded that, at this time, it is not in the best interests of the company to continue the proxy contest. The directors thank those shareholders who have given their support to the board during this difficult time and hope that their support for PacificOre continues into the future.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
W. Adriaan Bakker or Stephen Pearce
Mobile: 1-604-351-9924
Direct: 1-604-385-4485
By Email at: pacificorenominees@gmail.com
RESIGNATION OF BOARD
August 30, 2012
PacificOre Mining Corp.'s four current directors -- Ernest Brisbane, Christian Derosier, Peter Swistak and Don Wilson -- have resigned from the board, effective Aug. 30, 2013. The outgoing board has appointed Paul Sorbara as director, who in turn has appointed Adrian Bakker and Stephen Pearce to the board. Brian F. Adams, CGA, has also resigned today from his position as chief financial officer of the company.
The outgoing directors have concluded that, at this time, it is not in the best interests of the company to continue the proxy contest. The directors thank those shareholders who have given their support to the board during this difficult time and hope that their support for PacificOre continues into the future.
FOR MORE INFORMATION CONTACT:
Concerned Shareholders
W. Adriaan Bakker or Stephen Pearce
Mobile: 1-604-351-9924
Direct: 1-604-385-4485
By Email at: pacificorenominees@gmail.com
Corporate Update
FOR IMMEDIATE RELEASE
Vancouver, BC – September 2, 2013
PACIFICORE MINING CORP. (“PC”:TSX.V / “APAFF”:OTCQX) (the “Company”) is pleased to announce the proxy contest that began on April 1, 2013 has ended with the resignation of the entire Board and the appointment of Adriaan Bakker, Stephen Pearce and Paul Sorbara. In addition to these appointments Adrian O’Brien and John Hewlett have also been appointed to the Board of Directors. Biographies of the new directors can be found attached to this news release.
The Company had originally scheduled to hold its Annual General Meeting on September 17. Due to the regulatory requirements for the mailing of proxy materials this meeting date must be delayed. The new Board believes it is essential to obtain a mandate from Shareholders, as such, the meeting date will be extended only so far as to meet regulatory requirements for mailing, the record date will remain the same. The Company is committed to having its management proxy materials mailed this week once certain transition issues have been addressed.
The new Board has also appointed a new management team consisting of Adriaan Bakker as CEO and President and Stephen Pearce as CFO and Corporate Secretary. The audit committee will consist of Stephen Pearce, Adrian O’Brien and John Hewlett. No other Board committees will be established at this time.
Adriaan Bakker, CEO of the Company, states “This is the beginning of a new chapter for the Company. We have a team committed to building Shareholder value and advancing the Company’s Vanadium Projects. We will continue to build our team as we move forward. We expect the transition to our new management team to go smoothly and quickly and intend to provide regular updates to Shareholders as we move forward.”
The Company’s new corporate phone number is (604) 385-4485 .
FOR IMMEDIATE RELEASE
Vancouver, BC – September 2, 2013
PACIFICORE MINING CORP. (“PC”:TSX.V / “APAFF”:OTCQX) (the “Company”) is pleased to announce the proxy contest that began on April 1, 2013 has ended with the resignation of the entire Board and the appointment of Adriaan Bakker, Stephen Pearce and Paul Sorbara. In addition to these appointments Adrian O’Brien and John Hewlett have also been appointed to the Board of Directors. Biographies of the new directors can be found attached to this news release.
The Company had originally scheduled to hold its Annual General Meeting on September 17. Due to the regulatory requirements for the mailing of proxy materials this meeting date must be delayed. The new Board believes it is essential to obtain a mandate from Shareholders, as such, the meeting date will be extended only so far as to meet regulatory requirements for mailing, the record date will remain the same. The Company is committed to having its management proxy materials mailed this week once certain transition issues have been addressed.
The new Board has also appointed a new management team consisting of Adriaan Bakker as CEO and President and Stephen Pearce as CFO and Corporate Secretary. The audit committee will consist of Stephen Pearce, Adrian O’Brien and John Hewlett. No other Board committees will be established at this time.
Adriaan Bakker, CEO of the Company, states “This is the beginning of a new chapter for the Company. We have a team committed to building Shareholder value and advancing the Company’s Vanadium Projects. We will continue to build our team as we move forward. We expect the transition to our new management team to go smoothly and quickly and intend to provide regular updates to Shareholders as we move forward.”
The Company’s new corporate phone number is (604) 385-4485 .
Man kann sich also doch einigen:
Overwhelming Shareholder Support for New Board
VANCOUVER, BRITISH COLUMBIA - October 15, 2013 - PacificOre Mining Corp. (TSX-V: "PC") (OTCQX: "APAFF") (the "Company") and its Board of Directors are pleased to report that Management's nominees were elected as directors for the ensuing year by Shareholders at the Company's Annual General and Special Meeting ("AGM") held October 11, 2013. Shareholders cast a record number of shares and gave a strong vote of confidence to the new team.
Adriaan Bakker, Stephen Pearce, Paul Sorbara, John Hewlett and Adrian O'Brien have all been elected to the Board of Directors; with the overwhelming support of Shareholders. At the Director's Meeting following the AGM, Adriaan Bakker was appointed as President and Chief Executive Officer and Stephen Pearce as the Chief Financial Officer and Corporate Secretary.
Adriaan Bakker, CEO states, "PacificOre's directors are very pleased to have received such a strong mandate and resounding support from our Shareholders. The Company will now embark on a process to focus on advancing the Company's Vanadium Projects. We will continue to build our team and are committed to providing regular updates to Shareholders as we move forward."
About PacificOre Mining Corp.
PacificOre is a mining Company with a growth strategy focused on development of its most advanced project, the 100% owned Lac Dore Project in Quebec, Canada. The Lac Dore Project is a high grade Vanadium project with near surface mineralization and nearby infrastructure supporting the economic viability of the project. Vanadium has been dubbed "the electric metal" for its bright future in energy storage and green technology but its main use today is in high-quality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable Canadian supply of Vanadium for years to come.
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
Overwhelming Shareholder Support for New Board
VANCOUVER, BRITISH COLUMBIA - October 15, 2013 - PacificOre Mining Corp. (TSX-V: "PC") (OTCQX: "APAFF") (the "Company") and its Board of Directors are pleased to report that Management's nominees were elected as directors for the ensuing year by Shareholders at the Company's Annual General and Special Meeting ("AGM") held October 11, 2013. Shareholders cast a record number of shares and gave a strong vote of confidence to the new team.
Adriaan Bakker, Stephen Pearce, Paul Sorbara, John Hewlett and Adrian O'Brien have all been elected to the Board of Directors; with the overwhelming support of Shareholders. At the Director's Meeting following the AGM, Adriaan Bakker was appointed as President and Chief Executive Officer and Stephen Pearce as the Chief Financial Officer and Corporate Secretary.
Adriaan Bakker, CEO states, "PacificOre's directors are very pleased to have received such a strong mandate and resounding support from our Shareholders. The Company will now embark on a process to focus on advancing the Company's Vanadium Projects. We will continue to build our team and are committed to providing regular updates to Shareholders as we move forward."
About PacificOre Mining Corp.
PacificOre is a mining Company with a growth strategy focused on development of its most advanced project, the 100% owned Lac Dore Project in Quebec, Canada. The Lac Dore Project is a high grade Vanadium project with near surface mineralization and nearby infrastructure supporting the economic viability of the project. Vanadium has been dubbed "the electric metal" for its bright future in energy storage and green technology but its main use today is in high-quality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable Canadian supply of Vanadium for years to come.
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
Neuer Namenswechsel:
VanadiumCorp Begins Trading
VANCOUVER, BRITISH COLUMBIA - November 22, 2013 VanadiumCorp Resource Inc. (TSX-V: "VRB") (OTCQX: "APAFF") (the "Company") Pursuant to a directors' resolution, the Company has changed its name as follows. There is no consolidation of capital. The move is part of the Company's global corporate strategy, being carried out to boost its marketability and branding worldwide. The direction of the Company is changing to incorporate new markets and advance with collaboration from government and strategic groups. VanadiumCorp is targeting production of high purity Vanadium products to coincide with increasing demand in the steel and alloy markets and revolutionary shift towards global commercialization of large scale pure Vanadium Redox Batteries (VRB).
VanadiumCorp is a resource Company with a growth strategy focused on development of its most advanced Vanadium projects in Quebec, Canada. The Lac Dore Project is the Company's 100% owned flagship Vanadium project with near surface mineralization and is well serviced with air, rail and roads. Together with available electrical energy and water, a solid infrastructure is in place for the development of a mine and production of Vanadium. Vanadium has been dubbed "the electric metal" for its bright future in energy storage and green technology but its main use today is in high-quality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable domestic supply of Vanadium for years to come.
The new website will be complete in coming weeks, and information can be found at www.vanadiumcorp.com
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
"Adriaan Bakker"
Adriaan Bakker
VanadiumCorp Begins Trading
VANCOUVER, BRITISH COLUMBIA - November 22, 2013 VanadiumCorp Resource Inc. (TSX-V: "VRB") (OTCQX: "APAFF") (the "Company") Pursuant to a directors' resolution, the Company has changed its name as follows. There is no consolidation of capital. The move is part of the Company's global corporate strategy, being carried out to boost its marketability and branding worldwide. The direction of the Company is changing to incorporate new markets and advance with collaboration from government and strategic groups. VanadiumCorp is targeting production of high purity Vanadium products to coincide with increasing demand in the steel and alloy markets and revolutionary shift towards global commercialization of large scale pure Vanadium Redox Batteries (VRB).
VanadiumCorp is a resource Company with a growth strategy focused on development of its most advanced Vanadium projects in Quebec, Canada. The Lac Dore Project is the Company's 100% owned flagship Vanadium project with near surface mineralization and is well serviced with air, rail and roads. Together with available electrical energy and water, a solid infrastructure is in place for the development of a mine and production of Vanadium. Vanadium has been dubbed "the electric metal" for its bright future in energy storage and green technology but its main use today is in high-quality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable domestic supply of Vanadium for years to come.
The new website will be complete in coming weeks, and information can be found at www.vanadiumcorp.com
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
"Adriaan Bakker"
Adriaan Bakker
VanadiumCorp Retains IOS Services Geoscientifiques to complete a Resource Estimate on its Lac Dore Project
VANCOUVER, BRITISH COLUMBIA - November 27, 2013 - VanadiumCorp Resource Inc (TSX-V: "VRB") (OTCQX: "APAFF") (the "Company") and its Board of Directors are pleased to announce it has retained IOS Services Geoscientifiques Inc. (IOS) for the purpose of advancing its Vanadium Projects in Quebec. IOS, a thoroughly independent consulting firm, was the contracted developer and project manager of the Lac Dore Project by its previous owner. IOS will utilize its extensive knowledge and data applicable directly to the significant mineralization present on VanadiumCorp's Lac Dore mining claims.
IOS has been mandated to provide a technical report according to National Instrument 43-101, including an update of the resource estimate as well as recommendation in order to reactivate the former Feasibility Study conducted on the project by SNC-Lavallin in 2002. Due to this strategic input, projections of timeframes and capital requirements for advancing the Lac Dore Vanadium Project have all decreased significantly. VanadiumCorp is targeting NI 43-101 compliance of the Lac Dore Project by the first quarter of 2014. The ability to access many years of data with the former main project manager of the Lac Dore deposit will save significant time, share dilution and capital requirements.
IOS is the largest consulting firm in geology in the province of Quebec, Canada, having been involved with more than 1,200 projects. Mr. Rejean Girard P.Geo., President and General Director will act as Project Manager for VanadiumCorp's 100% owned Lac Dore Project and Qualified Person responsible for the disclosure of scientific or technical information related to the Company's projects in Quebec, Canada. Rejean is a Qualified Person in accordance with the requirements of NI 43-101. His extensive experience with the development of the Lac Dore Property will play a key role moving the Project forward. Alliances with the former developers of Lac Dore is necessary in establishing the Project globally and advancing towards production.
The new website will be complete in coming weeks, and information can be found at www.vanadiumcorp.com
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
"Adriaan Bakker"
VANCOUVER, BRITISH COLUMBIA - November 27, 2013 - VanadiumCorp Resource Inc (TSX-V: "VRB") (OTCQX: "APAFF") (the "Company") and its Board of Directors are pleased to announce it has retained IOS Services Geoscientifiques Inc. (IOS) for the purpose of advancing its Vanadium Projects in Quebec. IOS, a thoroughly independent consulting firm, was the contracted developer and project manager of the Lac Dore Project by its previous owner. IOS will utilize its extensive knowledge and data applicable directly to the significant mineralization present on VanadiumCorp's Lac Dore mining claims.
IOS has been mandated to provide a technical report according to National Instrument 43-101, including an update of the resource estimate as well as recommendation in order to reactivate the former Feasibility Study conducted on the project by SNC-Lavallin in 2002. Due to this strategic input, projections of timeframes and capital requirements for advancing the Lac Dore Vanadium Project have all decreased significantly. VanadiumCorp is targeting NI 43-101 compliance of the Lac Dore Project by the first quarter of 2014. The ability to access many years of data with the former main project manager of the Lac Dore deposit will save significant time, share dilution and capital requirements.
IOS is the largest consulting firm in geology in the province of Quebec, Canada, having been involved with more than 1,200 projects. Mr. Rejean Girard P.Geo., President and General Director will act as Project Manager for VanadiumCorp's 100% owned Lac Dore Project and Qualified Person responsible for the disclosure of scientific or technical information related to the Company's projects in Quebec, Canada. Rejean is a Qualified Person in accordance with the requirements of NI 43-101. His extensive experience with the development of the Lac Dore Property will play a key role moving the Project forward. Alliances with the former developers of Lac Dore is necessary in establishing the Project globally and advancing towards production.
The new website will be complete in coming weeks, and information can be found at www.vanadiumcorp.com
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
"Adriaan Bakker"
Corporate Update
VANCOUVER, BRITISH COLUMBIA - December 5, 2013 - VanadiumCorp Resource Inc (TSX-V: "VRB") (OTCQX: "APAFF") (the "Company") is pleased to provide this update to its Shareholders. It has been 3 months since a new Board of Directors has been installed and new management named. The new team's first priority was to hold a meeting of Shareholders to give them a voice in the Company's future and give the new team legitimacy and a mandate to move the Company forward. The Annual General Meeting of Shareholders was held on October 11, 2013 with a record number of shareholder votes cast. Shareholders gave the new team an overwhelming vote of confidence to move the Company forward.
In addition to giving Shareholders their right to vote, during the past 3 months the Company has:
•Completed an $800,000 financing. The financing was further support for the new management team with almost all the financing coming from existing shareholders with no commissions paid.
•Closed its downtown office and cut operating expenses significantly.
•Legal, banking, accounting firms have all been replaced, or are now managed internally.
•Significantly reduced the number of incentive stock options the Company can issue.
•Implemented an efficient claim management process and renewed over 150 claims.
•Renamed and rebranded the Company to better align the name with the Company's corporate strategy of targeting production of high purity vanadium products. The objective is to coincide with the existing demand increases in the steel and alloy markets and the global commercialization of large scale pure Vanadium batteries.
•Initiated a long awaited NI 43-101 Technical Report on the Company's flagship Lac Dore Project which will include an update of the resource estimate as well as recommendation in order to reactivate the former Feasibility Study conducted on the project by SNC-Lavalin in 2002.
•Composition of the advisory board has been enhanced.
•Exploring opportunities with strategic groups on various projects.
Adriaan Bakker, CEO of the Company, states "I believe we have begun a transformational change of our Company to build real value for our Shareholders and I want to thank Shareholders for their continued support and vote of confidence. We will continue to advance the initiatives of the past 3 months and provide regular updates to Shareholders as we move forward."
About VanadiumCorp Resource Inc.
VanadiumCorp is a mining Company with a growth strategy focused on development of its most advanced project, the 100% owned Lac Dore Project in Quebec, Canada. The Lac Dore Project is a high grade Vanadium project with near surface mineralization and nearby infrastructure supporting the economic viability of the project. Vanadium has been dubbed "the electric metal" for its bright future in energy storage and green technology but its main use today is in high-quality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable Canadian supply of Vanadium for years to come.
The new website will be complete in coming weeks, and information can be found at www.vanadiumcorp.com
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
"Adriaan Bakker"
Adriaan Bakker
VANCOUVER, BRITISH COLUMBIA - December 5, 2013 - VanadiumCorp Resource Inc (TSX-V: "VRB") (OTCQX: "APAFF") (the "Company") is pleased to provide this update to its Shareholders. It has been 3 months since a new Board of Directors has been installed and new management named. The new team's first priority was to hold a meeting of Shareholders to give them a voice in the Company's future and give the new team legitimacy and a mandate to move the Company forward. The Annual General Meeting of Shareholders was held on October 11, 2013 with a record number of shareholder votes cast. Shareholders gave the new team an overwhelming vote of confidence to move the Company forward.
In addition to giving Shareholders their right to vote, during the past 3 months the Company has:
•Completed an $800,000 financing. The financing was further support for the new management team with almost all the financing coming from existing shareholders with no commissions paid.
•Closed its downtown office and cut operating expenses significantly.
•Legal, banking, accounting firms have all been replaced, or are now managed internally.
•Significantly reduced the number of incentive stock options the Company can issue.
•Implemented an efficient claim management process and renewed over 150 claims.
•Renamed and rebranded the Company to better align the name with the Company's corporate strategy of targeting production of high purity vanadium products. The objective is to coincide with the existing demand increases in the steel and alloy markets and the global commercialization of large scale pure Vanadium batteries.
•Initiated a long awaited NI 43-101 Technical Report on the Company's flagship Lac Dore Project which will include an update of the resource estimate as well as recommendation in order to reactivate the former Feasibility Study conducted on the project by SNC-Lavalin in 2002.
•Composition of the advisory board has been enhanced.
•Exploring opportunities with strategic groups on various projects.
Adriaan Bakker, CEO of the Company, states "I believe we have begun a transformational change of our Company to build real value for our Shareholders and I want to thank Shareholders for their continued support and vote of confidence. We will continue to advance the initiatives of the past 3 months and provide regular updates to Shareholders as we move forward."
About VanadiumCorp Resource Inc.
VanadiumCorp is a mining Company with a growth strategy focused on development of its most advanced project, the 100% owned Lac Dore Project in Quebec, Canada. The Lac Dore Project is a high grade Vanadium project with near surface mineralization and nearby infrastructure supporting the economic viability of the project. Vanadium has been dubbed "the electric metal" for its bright future in energy storage and green technology but its main use today is in high-quality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable Canadian supply of Vanadium for years to come.
The new website will be complete in coming weeks, and information can be found at www.vanadiumcorp.com
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
"Adriaan Bakker"
Adriaan Bakker
Hi, Mickefett, Du scheinst ja ganz schön allein zu sein hier. Ich denke die Resource hat Besseres verdient als ein Management, das nichts anderes tut, als sich die Taschen vollzustopfen. Die Revolte war höchst überfällig und würde so manch anderem Explorer ebenfalls gut tun. Unfassbar, wie man Jahre verplemperte, ohne eine NI 43-101 konforme Resrouce zu definieren. Adriaan Bakker konnte das innerhalb weniger Wochen in Auftrag geben, ohne ein einziges Loch zu bohren. Ich finde man sollte das alte Management wegen Veruntreuung verklagen.
Antwort auf Beitrag Nr.: 46.448.789 von Nuggeteer am 14.02.14 01:18:49Welche Beweise haben wir hier in Europa? Vor einem Gericht in Kanada zu klagen, dürfte auch einige Kosten nach sich ziehen, die ich mir für die Größe meines Engagements auch nicht leisten will.
Ich meinte das aus moralischer Sicht weil sie es erstens verdient hätten und zweitens vor Nachahmung abgeschreckt werden muss. Dass es juristisch wahrscheinlich erfolglos bleiben würde, ist mir klar. Von Europa irgendetwas zu versuchen, wäre nu wirklich völlig absurd. Doch wenn Leute nicht nur damit durchkommen, sondern für ihr verwerfliches Verhalten sogar finanziell üppig belohnt werden, dann darf sich die Allgemeinheit nicht wundern, wenn solches Verhalten Schule macht und regelrecht zum Geschäftsmodell wird.
VANCOUVER, BRITISH COLUMBIA - February 27, 2014 - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased announce the appointment of new board member Mr. Tom Peregoodoff.
Mr. Peregoodoff has joined the board of directors of Vanadiumcorp effective immediately. The board appointment comes at an unprecedented time of positive change and new direction. Mr. Peregoodoff has over 25 years of mining and petroleum industry experience, including 18 years with BHP Billiton and has extensive global exploration, operations and business development experience. He is currently the Executive Vice-President, Business Development for Peregrine Diamonds Ltd. Prior to joining Peregrine, Mr. Peregoodoff was Vice President, Exploration, BHP Billiton and was accountable for global early-stage exploration activities across all commodities. He has held several senior roles in BHP Billiton's exploration division in commercial, operational and technical capacities and was a Director of a number of BHP Billiton owned entities. Mr. Peregoodoff holds a BSc. in Geophysics from the University of Calgary.
Tom Peregoodoff comments, "It is a very exciting time to be joining the Company. I am looking forward to working with Adriaan as we unlock the tremendous value contained within the world class assets of VanadiumCorp. The rest of the board and I are focused on the future and providing Adriaan and his team with the support they need to advance our Quebec assets."
VanadiumCorp CEO, Adriaan Bakker states, "Tom's addition to our team is invaluable and very well timed. The NI 43-101 report of the Lac Dore Project is now pending and the Company has mandated a resource upgrade at Lac Dore, Tom's experience will play a key role in advancing the Company's mineral assets towards production."
In related business, Adrian O'Brien has resigned as an independent director. VanadiumCorp thanks Adrian for his contribution to the Company. The Company wishes him well in his future endeavors.
About VanadiumCorp Resource Inc.
VanadiumCorp is a mining company with a vision to become the lowest cost, primary producer of Vanadium in the world. The current growth strategy is focused on development of its most advanced project in mining friendly Quebec, Canada, the Lac Dore project. This project encompasses the main Lac Dore deposit and is directly adjacent to a projected $600 Million CAPEX mine. The Company's unique projects are both located in mining friendly Quebec and hold the key for stable domestic supply of Vanadium for years to come. VanadiumCorp's experienced management and technical teams are dedicated to project development and building shareholder value.
Mr. Peregoodoff has joined the board of directors of Vanadiumcorp effective immediately. The board appointment comes at an unprecedented time of positive change and new direction. Mr. Peregoodoff has over 25 years of mining and petroleum industry experience, including 18 years with BHP Billiton and has extensive global exploration, operations and business development experience. He is currently the Executive Vice-President, Business Development for Peregrine Diamonds Ltd. Prior to joining Peregrine, Mr. Peregoodoff was Vice President, Exploration, BHP Billiton and was accountable for global early-stage exploration activities across all commodities. He has held several senior roles in BHP Billiton's exploration division in commercial, operational and technical capacities and was a Director of a number of BHP Billiton owned entities. Mr. Peregoodoff holds a BSc. in Geophysics from the University of Calgary.
Tom Peregoodoff comments, "It is a very exciting time to be joining the Company. I am looking forward to working with Adriaan as we unlock the tremendous value contained within the world class assets of VanadiumCorp. The rest of the board and I are focused on the future and providing Adriaan and his team with the support they need to advance our Quebec assets."
VanadiumCorp CEO, Adriaan Bakker states, "Tom's addition to our team is invaluable and very well timed. The NI 43-101 report of the Lac Dore Project is now pending and the Company has mandated a resource upgrade at Lac Dore, Tom's experience will play a key role in advancing the Company's mineral assets towards production."
In related business, Adrian O'Brien has resigned as an independent director. VanadiumCorp thanks Adrian for his contribution to the Company. The Company wishes him well in his future endeavors.
About VanadiumCorp Resource Inc.
VanadiumCorp is a mining company with a vision to become the lowest cost, primary producer of Vanadium in the world. The current growth strategy is focused on development of its most advanced project in mining friendly Quebec, Canada, the Lac Dore project. This project encompasses the main Lac Dore deposit and is directly adjacent to a projected $600 Million CAPEX mine. The Company's unique projects are both located in mining friendly Quebec and hold the key for stable domestic supply of Vanadium for years to come. VanadiumCorp's experienced management and technical teams are dedicated to project development and building shareholder value.
International Vanadium Symposium
VANCOUVER, BRITISH COLUMBIA - March 19, 2014 - Vanadiumcorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce it has organized an International Vanadium Symposium by Dr. Mehmet F. Taner in Vancouver, BC, Honoring Professor Gilles Allard in conjunction with COM 2014, Conference of Metallurgists. Dr. Gilles O. Allard, discovered the Vanadium mineralization in 1966 at Lac Dore and through his dedicated work, changed the economic perspective of the project.
The Symposium will be held at the Hyatt Hotel in Vancouver on September 28 to October 1, 2014. The leading world experts and professionals will contribute their knowledge in three days of informative speaker sessions beginning with an educational short course led by Dr. Maria Skyllas-Kazacos. The primary focus of this Symposium is for the development of the Vanadium industry, and discussion of applications, supply and demand and geological practices. The Symposium will highlight the importance of a stable domestic supply in North America which currently imports the vast majority of its Vanadium.
The Symposium is also expected to reinforce the value of the Lac Dore Vanadium deposit following anticipated technical reports validating the vast amount of previous work. This will be the Second International Vanadium Symposium as the first Symposium by Dr. Mehmet F. Taner was held in 2002 at COM 2002 in Montreal following the first major milestone of development, the completed SNC Lavalin Feasibility Study (pre-NI 43-101) on the Lac Dore Deposit.
The Vanadium Symposium will be a unique opportunity to update participants on new technological, scientific, economic advancements and breakthroughs as well as strategic trends in the Vanadium industry and academia. Among the numerous conference attendees, there will be industry executives, representatives of universities and research institutes, students, design engineers, plant operators, policy makers, as well as metallurgical, materials, and battery company representatives from all over the world. Highlights of the Vanadium Symposium include: Dr. Maria Skyllas-Kazacos - Inventor and pioneer of the VRB battery, Mr. Terry Perles - Global Vanadium Sales, President of MoTiV Metals LLC, as well as VRB battery companies, Prudent Energy and UniEnergy.
Symposium details, published research and various geological reports are posted online on the new VanadiumCorp website. www.vanadiumcorp.com New content will be updated regularly.
About VanadiumCorp Resource Inc.
VanadiumCorp has a vision to become the lowest cost, primary producer of Vanadium in the world. The current growth strategy is focused on development of its most advanced project in mining friendly Quebec, Canada, the Lac Dore project. This project encompasses the Main Lac Dore deposit that is subject to over $20M of completed work and is directly adjacent to a projected $600M CAPEX mine. VanadiumCorp is targeting production of metallurgical grade Vanadium Pentoxide as well as high purity Vanadium chemicals for the battery industry. The company's unique projects are both located in mining friendly Quebec and hold the key for stable domestic supply of Vanadium for years to come. VanadiumCorp's experienced management and technical teams are dedicated to project development and building shareholder value.
About Vanadium
The main use of Vanadium today is in light weight high-strength alloy steels. Just ~0.1% of Vanadium can double the strength of steel. This has a very strong economic and environmental impact as it allows producers to build superior products with less steel. This saves significant material costs and reduces the amount of resources to mine. Vanadium has also been dubbed "the electric metal" for its bright future in energy storage and green technology. Highly concentrated and economical sources to mine are only found in China, South Africa and Russia. In 2007 & 2008, VanadiumCorp acquired the most prolific Vanadium deposits in North America.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
VANCOUVER, BRITISH COLUMBIA - March 19, 2014 - Vanadiumcorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce it has organized an International Vanadium Symposium by Dr. Mehmet F. Taner in Vancouver, BC, Honoring Professor Gilles Allard in conjunction with COM 2014, Conference of Metallurgists. Dr. Gilles O. Allard, discovered the Vanadium mineralization in 1966 at Lac Dore and through his dedicated work, changed the economic perspective of the project.
The Symposium will be held at the Hyatt Hotel in Vancouver on September 28 to October 1, 2014. The leading world experts and professionals will contribute their knowledge in three days of informative speaker sessions beginning with an educational short course led by Dr. Maria Skyllas-Kazacos. The primary focus of this Symposium is for the development of the Vanadium industry, and discussion of applications, supply and demand and geological practices. The Symposium will highlight the importance of a stable domestic supply in North America which currently imports the vast majority of its Vanadium.
The Symposium is also expected to reinforce the value of the Lac Dore Vanadium deposit following anticipated technical reports validating the vast amount of previous work. This will be the Second International Vanadium Symposium as the first Symposium by Dr. Mehmet F. Taner was held in 2002 at COM 2002 in Montreal following the first major milestone of development, the completed SNC Lavalin Feasibility Study (pre-NI 43-101) on the Lac Dore Deposit.
The Vanadium Symposium will be a unique opportunity to update participants on new technological, scientific, economic advancements and breakthroughs as well as strategic trends in the Vanadium industry and academia. Among the numerous conference attendees, there will be industry executives, representatives of universities and research institutes, students, design engineers, plant operators, policy makers, as well as metallurgical, materials, and battery company representatives from all over the world. Highlights of the Vanadium Symposium include: Dr. Maria Skyllas-Kazacos - Inventor and pioneer of the VRB battery, Mr. Terry Perles - Global Vanadium Sales, President of MoTiV Metals LLC, as well as VRB battery companies, Prudent Energy and UniEnergy.
Symposium details, published research and various geological reports are posted online on the new VanadiumCorp website. www.vanadiumcorp.com New content will be updated regularly.
About VanadiumCorp Resource Inc.
VanadiumCorp has a vision to become the lowest cost, primary producer of Vanadium in the world. The current growth strategy is focused on development of its most advanced project in mining friendly Quebec, Canada, the Lac Dore project. This project encompasses the Main Lac Dore deposit that is subject to over $20M of completed work and is directly adjacent to a projected $600M CAPEX mine. VanadiumCorp is targeting production of metallurgical grade Vanadium Pentoxide as well as high purity Vanadium chemicals for the battery industry. The company's unique projects are both located in mining friendly Quebec and hold the key for stable domestic supply of Vanadium for years to come. VanadiumCorp's experienced management and technical teams are dedicated to project development and building shareholder value.
About Vanadium
The main use of Vanadium today is in light weight high-strength alloy steels. Just ~0.1% of Vanadium can double the strength of steel. This has a very strong economic and environmental impact as it allows producers to build superior products with less steel. This saves significant material costs and reduces the amount of resources to mine. Vanadium has also been dubbed "the electric metal" for its bright future in energy storage and green technology. Highly concentrated and economical sources to mine are only found in China, South Africa and Russia. In 2007 & 2008, VanadiumCorp acquired the most prolific Vanadium deposits in North America.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Lac Dore NI 43-101 Technical Report Update
VANCOUVER, BRITISH COLUMBIA – March 27, 2014 – Vanadiumcorp Resource Inc. (TSX-V: “VRB”) (the "Company") is pleased to announce the NI 43-101 technical report final preparations & TSX-Ventures approval are now pending. IOS Services Geoscientifiques Inc. (IOS) a thoroughly independent consulting firm, has been involved with the Lac Doré project intermittently since 1997 as the contracted developer and project manager. The current NI 43-101 mandate has involved in-depth due-diligence and verification of a substantial amount of data from various sources, spanning more that 40 years of exploration activity and metallurgical testing. The completion of this important milestone for the Company represents the next phase of validation for targeted project financing for advancement of the Lac Dore Vanadium Project in Quebec.
IOS has also been mandated for completion of an updated resource estimate as well as recommendation in order to reactivate the former Feasibility Study conducted on the project by SNC-Lavalin in 2002. An extract from the NI 43-101 is attached to this news release, which provides a comparison between mining the Bushveld, which still produce about 30% of the world vanadium, and Lac Doré.
IOS is the largest consulting firm in geology in the province of Quebec, Canada, having been involved with more than 1,200 projects. Mr. Rejean Girard P.Geo., President and General Director of IOS is Project Manager for VanadiumCorp's 100% owned Lac Dore Project and Qualified Person responsible for the disclosure of scientific or technical information related to the Company's projects in Quebec, Canada. Rejean is a Qualified Person in accordance with the requirements of NI 43-101, with near to 30 years experience as geologist. Rejean possesses an intimate knowledge on most of the technical aspects of the Lac Dore project related to geology, metallurgy, environment and industrial applications. He has been involved as independent Qualified Person on this project since its beginning with McKenzie Bay, supervising the field work, being client advisor in the course of the preparation of the feasibility study, has been a technical consultant for Blackrock Metals for a short period, and now involved as technical consultant for VanadiumCorp. The extensive knowledge and data now available is applicable directly to the significant mineralization present on VanadiumCorp's Lac Dore mining claims. Mr. Girard considers the Lac Doré project as an advance stage project which can be quickly brought to development.
Next week VanadiumCorp will be showcasing the Lac Dore project at the Industrial Minerals International Congress and Exhibition, Vancouver, BC. Attendance is limited so please RSVP. This limited engagement has been organized in conjunction with Zimtu Capital Corp.
VanadiumCorp has also organized an International Vanadium Symposium by Dr. Mehmet F. Taner in Vancouver, BC, Honoring Professor Gilles Allard in conjunction with COM 2014, Conference of Metallurgists. Dr. Gilles O. Allard, discovered the Vanadium mineralization in 1966 at Lac Dore and through his dedicated work, changed the economic perspective of the project. Various aspect of Lac Doré project will be presented.
International Congress and Vanadium Symposium details, as well as published research is posted online on the new VanadiumCorp website. www.vanadiumcorp.com New content will be updated on a weekly basis.
About VanadiumCorp Resource Inc.
VanadiumCorp has a vision to become the lowest cost, primary producer of Vanadium in the world. The current growth strategy is focused on development of its most advanced project in mining friendly Quebec, Canada, the Lac Dore project. This project encompasses the Main Lac Dore deposit that is subject to over $20M of completed work and is directly adjacent to a projected $600M CAPEX mine. VanadiumCorp is targeting production of metallurgical grade Vanadium Pentoxide as well as high purity Vanadium chemicals for the battery industry. The company's unique projects are both located in mining friendly Quebec and hold the key for stable domestic supply of Vanadium for years to come. VanadiumCorp's experienced management and technical teams are dedicated to project development and building shareholder value.
About Vanadium
The main use of Vanadium today is in high-strength low-alloy steels. Just ~0.1% of Vanadium can double the strength of steel, thus reducing overall weight of the structures or vehicles. This has a very strong economic and environmental impact as it allows producers to build superior products with less steel. This saves significant material costs and reduces the amount of resources to mine. Vanadium has also been dubbed "the electric metal" for its bright future in energy storage and green technology. Highly concentrated and economical sources to mine are only found in China, South Africa and Russia. In 2007 & 2008, VanadiumCorp acquired the most prolific Vanadium deposits in North America.
FOR MORE INFORMATION CONTACT:
Tim Halyk, Investor relations at 1-604-385-4489
VANCOUVER, BRITISH COLUMBIA – March 27, 2014 – Vanadiumcorp Resource Inc. (TSX-V: “VRB”) (the "Company") is pleased to announce the NI 43-101 technical report final preparations & TSX-Ventures approval are now pending. IOS Services Geoscientifiques Inc. (IOS) a thoroughly independent consulting firm, has been involved with the Lac Doré project intermittently since 1997 as the contracted developer and project manager. The current NI 43-101 mandate has involved in-depth due-diligence and verification of a substantial amount of data from various sources, spanning more that 40 years of exploration activity and metallurgical testing. The completion of this important milestone for the Company represents the next phase of validation for targeted project financing for advancement of the Lac Dore Vanadium Project in Quebec.
IOS has also been mandated for completion of an updated resource estimate as well as recommendation in order to reactivate the former Feasibility Study conducted on the project by SNC-Lavalin in 2002. An extract from the NI 43-101 is attached to this news release, which provides a comparison between mining the Bushveld, which still produce about 30% of the world vanadium, and Lac Doré.
IOS is the largest consulting firm in geology in the province of Quebec, Canada, having been involved with more than 1,200 projects. Mr. Rejean Girard P.Geo., President and General Director of IOS is Project Manager for VanadiumCorp's 100% owned Lac Dore Project and Qualified Person responsible for the disclosure of scientific or technical information related to the Company's projects in Quebec, Canada. Rejean is a Qualified Person in accordance with the requirements of NI 43-101, with near to 30 years experience as geologist. Rejean possesses an intimate knowledge on most of the technical aspects of the Lac Dore project related to geology, metallurgy, environment and industrial applications. He has been involved as independent Qualified Person on this project since its beginning with McKenzie Bay, supervising the field work, being client advisor in the course of the preparation of the feasibility study, has been a technical consultant for Blackrock Metals for a short period, and now involved as technical consultant for VanadiumCorp. The extensive knowledge and data now available is applicable directly to the significant mineralization present on VanadiumCorp's Lac Dore mining claims. Mr. Girard considers the Lac Doré project as an advance stage project which can be quickly brought to development.
Next week VanadiumCorp will be showcasing the Lac Dore project at the Industrial Minerals International Congress and Exhibition, Vancouver, BC. Attendance is limited so please RSVP. This limited engagement has been organized in conjunction with Zimtu Capital Corp.
VanadiumCorp has also organized an International Vanadium Symposium by Dr. Mehmet F. Taner in Vancouver, BC, Honoring Professor Gilles Allard in conjunction with COM 2014, Conference of Metallurgists. Dr. Gilles O. Allard, discovered the Vanadium mineralization in 1966 at Lac Dore and through his dedicated work, changed the economic perspective of the project. Various aspect of Lac Doré project will be presented.
International Congress and Vanadium Symposium details, as well as published research is posted online on the new VanadiumCorp website. www.vanadiumcorp.com New content will be updated on a weekly basis.
About VanadiumCorp Resource Inc.
VanadiumCorp has a vision to become the lowest cost, primary producer of Vanadium in the world. The current growth strategy is focused on development of its most advanced project in mining friendly Quebec, Canada, the Lac Dore project. This project encompasses the Main Lac Dore deposit that is subject to over $20M of completed work and is directly adjacent to a projected $600M CAPEX mine. VanadiumCorp is targeting production of metallurgical grade Vanadium Pentoxide as well as high purity Vanadium chemicals for the battery industry. The company's unique projects are both located in mining friendly Quebec and hold the key for stable domestic supply of Vanadium for years to come. VanadiumCorp's experienced management and technical teams are dedicated to project development and building shareholder value.
About Vanadium
The main use of Vanadium today is in high-strength low-alloy steels. Just ~0.1% of Vanadium can double the strength of steel, thus reducing overall weight of the structures or vehicles. This has a very strong economic and environmental impact as it allows producers to build superior products with less steel. This saves significant material costs and reduces the amount of resources to mine. Vanadium has also been dubbed "the electric metal" for its bright future in energy storage and green technology. Highly concentrated and economical sources to mine are only found in China, South Africa and Russia. In 2007 & 2008, VanadiumCorp acquired the most prolific Vanadium deposits in North America.
FOR MORE INFORMATION CONTACT:
Tim Halyk, Investor relations at 1-604-385-4489
Bitte an den Mod: Jetzt heißt die Firma Vanadium Corp., und unter dem Namen läuft auch jetzt deren Internet-Site; können Sie den Thread noch einmal umbenennen? Ich weiß allerdings nicht, wann der nächste Namenswechsel der Firma kommt.
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Lac Dore NI 43-101 Technical Report Recommends and Outlines Development to Production
VANCOUVER, BRITISH COLUMBIA – June 24, 2014 – VanadiumCorp Resource Inc. (TSX-V: VRB) (the Company) is pleased to report that the first-ever Lac Dore NI 43-101 Technical Report is complete. The Report exceeds the usual requirement of a standard NI 43-101 technical report, in the sense it provides an extensive review of the metallurgy of vanadium extraction as well as a market outlook. Its author, Rejean Girard, President of IOS Geoscientifique Inc. (IOS), had access to completed works spanning more than 60 years, over 200 archived reports, which includes 8 different pre-NI 43-101 non-current resource calculations. The Lac Dore project has now reached a new level of compliance to achieve “advanced stage” status, significantly decreasing the timeline to production.
Mr. Girard, who has had intimate knowledge and experience of Lac Dore since 1997, refers to the Lac Dore Project as “one of the largest undeveloped primary sources of vanadium in the world” and “an advanced-stage project that can be quickly brought into development.” He concludes: “There is no doubt in the author’s mind that abundant resources are present and these resources shall be of sufficient quality, grade and quantity to justify an economically viable production of high-purity vanadium.”
The Report enables the Company to proceed directly to resource calculations. No supplementary drilling is needed, years of expensive drilling campaigns to establish a resource are not required. The Report has unlocked all of the relevant past data and knowledge that is technically in the public domain but accessible to very few people. VanadiumCorp has authorized immediate claim expansion that facilitates preparation for eventual mine planning.
Highlights of the Lac Dore NI 43-101 report include:
◾54 drill holes and 27 trenches with 3D modeling
◾Vanadium concentrate grade averaging 1.2 - 1.4%
◾8 historic resource calculations, the two latest conducted on standards almost compatible to CIM guidelines, although they cannot be considered as current NI-43-101 compliant
◾Over 200 reports dealing with exploration, drilling, metallurgy and economical aspects
◾Access to forecast rail spur, 161Kv power and new roads
◾Entire history of development from 1948
◾Vanadium extractive metallurgy review
◾Extensive beneficiation, smelting and salt-roasting testing by various groups
◾Ground and airborne geophysical surveys
◾Historical economic studies and feasibility studies
◾Current claim expansion underway
◾Comparable projects
◾2014 vanadium market study
◾Nearby infrastructure and permitting
◾Adjacent mine development and analysis
◾Conversion process for high-purity vanadium electrolyte can be easily redone
◾Commercialization of VRB and LVP batteries in North America depends on large-scale domestic primary production of high-purity vanadium
◾Recommendations and specific budgets to complete resource calculations and a PEA by end of 2014
◾Recommendations regarding the update or completion of a feasibility study
Adriaan Bakker, CEO of VanadiumCorp, states: “The first NI 43-101 Report ever completed at Lac Dore far exceeds expectations by dramatically reducing budgets, timelines and work necessary for our goal of taking the Lac Dore deposit to production. Production at Lac Dore would represent the first large-scale primary source of vanadium in North America. Alleviating the North American dependence on disruptive foreign supply of vanadium would provide price stability, security and independence. The Lac Dore deposit has the supply and scale for North America to make vanadium-strengthened steel, and vanadium batteries, a reality for years to come.”
Regarded as a “super metal,” vanadium is the number-one steel strengthener in the world and is internationally acclaimed as the “ultimate energy storage solution.” The vision of VanadiumCorp is to become the lowest cost, primary producer of vanadium in the world.
(This release was approved by Mr. Rejean Girard, P. Geo. Mr. Girard is a qualified person as defined by National Instrument 43-101.)
FOR MORE INFORMATION CONTACT:
Tim Halyk, Investor relations at 1-604-385-4489
Website: www.vanadiumcorp.com
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Lac Dore NI 43-101 Technical Report Recommends and Outlines Development to Production
VANCOUVER, BRITISH COLUMBIA – June 24, 2014 – VanadiumCorp Resource Inc. (TSX-V: VRB) (the Company) is pleased to report that the first-ever Lac Dore NI 43-101 Technical Report is complete. The Report exceeds the usual requirement of a standard NI 43-101 technical report, in the sense it provides an extensive review of the metallurgy of vanadium extraction as well as a market outlook. Its author, Rejean Girard, President of IOS Geoscientifique Inc. (IOS), had access to completed works spanning more than 60 years, over 200 archived reports, which includes 8 different pre-NI 43-101 non-current resource calculations. The Lac Dore project has now reached a new level of compliance to achieve “advanced stage” status, significantly decreasing the timeline to production.
Mr. Girard, who has had intimate knowledge and experience of Lac Dore since 1997, refers to the Lac Dore Project as “one of the largest undeveloped primary sources of vanadium in the world” and “an advanced-stage project that can be quickly brought into development.” He concludes: “There is no doubt in the author’s mind that abundant resources are present and these resources shall be of sufficient quality, grade and quantity to justify an economically viable production of high-purity vanadium.”
The Report enables the Company to proceed directly to resource calculations. No supplementary drilling is needed, years of expensive drilling campaigns to establish a resource are not required. The Report has unlocked all of the relevant past data and knowledge that is technically in the public domain but accessible to very few people. VanadiumCorp has authorized immediate claim expansion that facilitates preparation for eventual mine planning.
Highlights of the Lac Dore NI 43-101 report include:
◾54 drill holes and 27 trenches with 3D modeling
◾Vanadium concentrate grade averaging 1.2 - 1.4%
◾8 historic resource calculations, the two latest conducted on standards almost compatible to CIM guidelines, although they cannot be considered as current NI-43-101 compliant
◾Over 200 reports dealing with exploration, drilling, metallurgy and economical aspects
◾Access to forecast rail spur, 161Kv power and new roads
◾Entire history of development from 1948
◾Vanadium extractive metallurgy review
◾Extensive beneficiation, smelting and salt-roasting testing by various groups
◾Ground and airborne geophysical surveys
◾Historical economic studies and feasibility studies
◾Current claim expansion underway
◾Comparable projects
◾2014 vanadium market study
◾Nearby infrastructure and permitting
◾Adjacent mine development and analysis
◾Conversion process for high-purity vanadium electrolyte can be easily redone
◾Commercialization of VRB and LVP batteries in North America depends on large-scale domestic primary production of high-purity vanadium
◾Recommendations and specific budgets to complete resource calculations and a PEA by end of 2014
◾Recommendations regarding the update or completion of a feasibility study
Adriaan Bakker, CEO of VanadiumCorp, states: “The first NI 43-101 Report ever completed at Lac Dore far exceeds expectations by dramatically reducing budgets, timelines and work necessary for our goal of taking the Lac Dore deposit to production. Production at Lac Dore would represent the first large-scale primary source of vanadium in North America. Alleviating the North American dependence on disruptive foreign supply of vanadium would provide price stability, security and independence. The Lac Dore deposit has the supply and scale for North America to make vanadium-strengthened steel, and vanadium batteries, a reality for years to come.”
Regarded as a “super metal,” vanadium is the number-one steel strengthener in the world and is internationally acclaimed as the “ultimate energy storage solution.” The vision of VanadiumCorp is to become the lowest cost, primary producer of vanadium in the world.
(This release was approved by Mr. Rejean Girard, P. Geo. Mr. Girard is a qualified person as defined by National Instrument 43-101.)
FOR MORE INFORMATION CONTACT:
Tim Halyk, Investor relations at 1-604-385-4489
Website: www.vanadiumcorp.com
Antwort auf Beitrag Nr.: 47.237.952 von mickefett am 01.07.14 09:45:47Zum vorangehenden Posting gibt es eine Klarstellung, weil wohl in Canada normierte Begriffe wie NI43-101 nicht sauber benutzt wurden. Diese Klarstellung relativiert einige Aussagen des vorgehenden Postings.:
VanadiumCorp Clarifying News Release
VANCOUVER, BC – July 3, 2014 – VanadiumCorp Resource Inc. (TSX-V: VRB) As a result of a review of the Company’s news release dated June 24, 2014 by the Investment Industry Regulatory Organization of Canada (“IIROC”), the Company is issuing this news release to clarify & retract disclosure from this aforementioned news release. The June 24th, 2014 news release referenced the technical report entitled “The Lac Dore Project an Integrated Vanadium Project in the Lac Dore Complex Chibougamau, Quebec, Canada NI 43-101 Technical Report” dated June 18, 2014 (the “Report). As the property does not contain a current resource the property does not meet the definition of “advanced project” under NI 43-101. The Report does not contain a mineral resource estimate, preliminary economic assessment or pre-feasibility study. However, the Report details the non-current historic estimates done by previous owners and outlines the work required to determine if a current resource can be calculated on the project.
The Company has made statements concerning production of its Lac Dore Project and related timing which are currently not supported by the Report and contrary to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The report is a significant step taken by the Company. The Company is now working on defining a current resource on the project.
NI 43-101 Report
Any statements that the Report somehow exceeds NI 43-101 requirements are inaccurate and retracted. The Report is the first complete and comprehensive review of all exploration and development work spanning more than 60 years archived in more than 200 reports, including 8 different historic estimates plus very extensive metallurgical testing.
Historic Estimates
The Report outlines 8 different historic estimates from the following firms: Quebec Department of Natural Resources (3 studies), SOQUEM, LMBDS-Sidam, IOS Services Géoscientifiques Inc, Cambior Inc. and SNC-Lavalin. These historical estimates were not prepared to CIM definitions and standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves.
Historic Economic Assessment
There is no current, NI 43-101 compliant preliminary economic assessment completed on the Lac Dore Project nor is there any assurance that the non NI 43-101 compliant SNC-Lavalin preliminary economic assessment can be updated. Mandates were given to provide VanadiumCorp with a NI 43-101 compliant resource calculation and the decision regarding the initiating of a preliminary economic assessment will be taken upon results of this study at the appropriate time. There is no certainty that the Project will be economical upon completing a feasibility study, and any statements which may have suggest such or that the project is advancing toward production is retracted.
Prior metallurgical studies
Extensive metallurgical testing on Lac Dore mineralization was carried out by past owners of the Project whereby production of high purity (99.99%) vanadium pentoxide has been achieved. The Company has not completed this work itself and possess only parts of the prior metallurgical work. The Company intends to complete its own metallurgical testing in the course of the eventual feasibility study. Any statements that suggest the Company has completed its metallurgical testing, or can replicate prior metallurgical testing is inaccurate and retracted.
Comparable Projects
The Bushveld Complex provides the best known analogy to the Lac Dore Complex. The Bushveld currently sustains three vanadium producers, and supplies the raw material for production of approximately 18,000 metric tonnes vanadium final products per year or about 23% of global vanadium production. The company cautions that there is no guarantee that similar mineralization will be identified on the project.
Budget, Timelines and Work
The Lac Dore Project resource calculation is now underway. Upon completion of this, the Company will initiate preliminary economic analysis with results of this study expected for early 2015. This does not imply that supplementary drilling will not be required to upgrade resources in the event of a feasibility study.
This release was approved by Mr. Rejean Girard, P. Geo. Mr. Girard is a qualified person as defined by National Instrument 43-101.
FOR MORE INFORMATION CONTACT:
Tim Halyk, Investor relations at 1-604-385-4489
Website: www.vanadiumcorp.com
VanadiumCorp Clarifying News Release
VANCOUVER, BC – July 3, 2014 – VanadiumCorp Resource Inc. (TSX-V: VRB) As a result of a review of the Company’s news release dated June 24, 2014 by the Investment Industry Regulatory Organization of Canada (“IIROC”), the Company is issuing this news release to clarify & retract disclosure from this aforementioned news release. The June 24th, 2014 news release referenced the technical report entitled “The Lac Dore Project an Integrated Vanadium Project in the Lac Dore Complex Chibougamau, Quebec, Canada NI 43-101 Technical Report” dated June 18, 2014 (the “Report). As the property does not contain a current resource the property does not meet the definition of “advanced project” under NI 43-101. The Report does not contain a mineral resource estimate, preliminary economic assessment or pre-feasibility study. However, the Report details the non-current historic estimates done by previous owners and outlines the work required to determine if a current resource can be calculated on the project.
The Company has made statements concerning production of its Lac Dore Project and related timing which are currently not supported by the Report and contrary to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The report is a significant step taken by the Company. The Company is now working on defining a current resource on the project.
NI 43-101 Report
Any statements that the Report somehow exceeds NI 43-101 requirements are inaccurate and retracted. The Report is the first complete and comprehensive review of all exploration and development work spanning more than 60 years archived in more than 200 reports, including 8 different historic estimates plus very extensive metallurgical testing.
Historic Estimates
The Report outlines 8 different historic estimates from the following firms: Quebec Department of Natural Resources (3 studies), SOQUEM, LMBDS-Sidam, IOS Services Géoscientifiques Inc, Cambior Inc. and SNC-Lavalin. These historical estimates were not prepared to CIM definitions and standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves.
Historic Economic Assessment
There is no current, NI 43-101 compliant preliminary economic assessment completed on the Lac Dore Project nor is there any assurance that the non NI 43-101 compliant SNC-Lavalin preliminary economic assessment can be updated. Mandates were given to provide VanadiumCorp with a NI 43-101 compliant resource calculation and the decision regarding the initiating of a preliminary economic assessment will be taken upon results of this study at the appropriate time. There is no certainty that the Project will be economical upon completing a feasibility study, and any statements which may have suggest such or that the project is advancing toward production is retracted.
Prior metallurgical studies
Extensive metallurgical testing on Lac Dore mineralization was carried out by past owners of the Project whereby production of high purity (99.99%) vanadium pentoxide has been achieved. The Company has not completed this work itself and possess only parts of the prior metallurgical work. The Company intends to complete its own metallurgical testing in the course of the eventual feasibility study. Any statements that suggest the Company has completed its metallurgical testing, or can replicate prior metallurgical testing is inaccurate and retracted.
Comparable Projects
The Bushveld Complex provides the best known analogy to the Lac Dore Complex. The Bushveld currently sustains three vanadium producers, and supplies the raw material for production of approximately 18,000 metric tonnes vanadium final products per year or about 23% of global vanadium production. The company cautions that there is no guarantee that similar mineralization will be identified on the project.
Budget, Timelines and Work
The Lac Dore Project resource calculation is now underway. Upon completion of this, the Company will initiate preliminary economic analysis with results of this study expected for early 2015. This does not imply that supplementary drilling will not be required to upgrade resources in the event of a feasibility study.
This release was approved by Mr. Rejean Girard, P. Geo. Mr. Girard is a qualified person as defined by National Instrument 43-101.
FOR MORE INFORMATION CONTACT:
Tim Halyk, Investor relations at 1-604-385-4489
Website: www.vanadiumcorp.com
NI 43-101 Technical Report: Lac Dore Vanadium Project With First Resource Estimate Complete
VANCOUVER, BRITISH COLUMBIA – April 13, 2015 VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company”) is pleased to announce that IOS Geoscientifique Inc. and Geopointcom Inc. have completed the NI 43-101 technical report (the “Report”) disclosing the first resource estimate for the Lac Doré Vanadium Project. A complete copy of the Report can be found at www.sedar.com. The Lac Doré Vanadium Project is comprised of 100% owned mining claims spanning 45 km2 located 30 km southeast of the mining town of Chibougamau, in central Québec, Canada.
Calculation indicates the presence of an inferred resource at 99,104,000 tons grading 0.43% V2O5. This resource represents 26,067,000 tons of magnetite concentrate grading 1.08% of recoverable V2O5, for a mine life of 36.8 years. The estimation is based on assay results from the magnetite concentrate by Davis tube testing, rather than the more conventional headgrade assays. A recovery factor of 95% was used for the hydrometallurgical process, according to historical testing, but no recovery was factored in for magnetite concentration since calculation is made directly from concentrates. An overall 66.6% recovery on headgrade was calculated back. In completing the Report, adjustment of the pit was made to increase pit optimization and accuracy. This was achieved by resolving uncertainty with a claim boundary to increase confidence in the resource estimate. The result was a small decrease in overall tonnage and an increase in grade from the initial resource statement disclosed in the Company’s news release dated February 27th, 2015.
Adriaan Bakker, CEO of VanadiumCorp states, “This is a landmark step in advancing the Lac Doré Project to production. The Report utilizes over 50 years of work to validate significant tonnage, significant mine life, good metallurgy, production scenarios and comparisons to leading global producers. Of key importance is the confirmation of high quality mineralization with low impurities such as low silica (<1%). Our main objective is to establish the ability to produce high purity vanadium products at the mine, and keep that added value in Canada. Nearby infrastructure coupled with strong community and government alliances bode very well for the production potential of Lac Doré. VanadiumCorp has established a world class vanadium resource in mining friendly Quebec, positioning the Company as the supply solution for vanadium in North America.”
Influence of market price on resource estimates:
Resource Sensitivity to Market Price
Market Price V2O5 ($USD/pound) $4.00 $5.50 $7.00
Mineralization (Metric Ton) 68,798,000 99,104,000 111,209,000
Waste (Metric Ton) 103,808,000 165,690,000 205,388,000
Magnetite Concentrate (Metric Ton) 19,633,000 26,067,000 28,844,000
Strip Ratio: Waste / Magnetite 1.51 1.67 1.85
Recoverable V2O5 Tonnage (Metric Ton) 226,090 282,370 303,660
Grade of the Magnetite Concentrate (%V2O5) 1.15% 1.08% 1.05%
Eq. Grade of the resource (66.6% net recovery) 0.49% 0.43% 0.41%
The parameters used for the resource estimation of the East Deposit included usage of ordinary Kriging method with omnidirectional variograms. A pit depth of 200 m with a 50o slope, a cut-off magnetite abundance of 15% with mining costs set at $1.80/ metric ton, magnetite concentration cost at $2.50/ metric tonne and roasting cost set at $40/ metric ton of magnetite based on industry standards. A market value of $5.50USD per pound of V2O5 was chosen representing the stable average pricing for the last ten years. Mining rates were constrained by the capacity of a conventional rotary kiln 5 metres in diameter, which represent the current maximum technically achievable.
Highlights of the Resource Estimate include:
Hydrometallurgical recovery: 95%, already factored in the resource estimate.
Inferred resource tonnage: 99,104,000 metric tonnes @ 0.43% V2O5
Waste tonnage: 165,690,000 metric tonnes
Mining life: 36.8 years
Pit ratio: 1.67 to account for waste removal.
Magnetite content: 26,067,000 metric tonnes or 26.3%
Recoverable vanadium grade in magnetite: 1.08% V2O5
Total recoverable vanadium: 282,370 metric tonnes V2O5 or 621 million pounds
Roasting throughput: 82 tonnes per hour, or 708,000 tonnes per year
Milling rate: 2,692,000 tonnes per year
Mining rate: 7,188,000 tonnes per year, including waste removal
Vanadium pentoxide production of 7,700 tons per year.
Beneficiation tests on the Lac Doré magnetite were successfully conducted by at least eight different groups or laboratories, meaning that this part of the process is well mastered. Extensive metallurgical testing on Lac Doré mineralization was carried out by past owners of the project, and indicates clearly the suitability of the mineralization to beneficiation, and the recoverability of vanadium by conventional alkali-roasting as well as smelting processes. Both tested routes, alkali roasting and intensive fusion, have been commercially operated worldwide upon similar ore for more than 50 years and are proven technologies. Laboratory and pilot plant tests on Lac Doré mineralization were carried out by various independent laboratories, which indicated clearly that the mineralization behaves similarly to other vanadiferous-magnetite deposits in production in South-Africa, China and Russia.
The report describes in detail the market potential for Vanadium strengthened steel and vanadium batteries in North America, the need for adequate domestic supply and the potential for the Lac Doré project to fulfill the growing need are clearly indicated. The Report states, “The increasing dependency of supply of vanadium demand in USA and Canada from unstable or government oriented jurisdictions like Venezuela, South Africa, Russia and China is of great concern. No strategic stockpile is available anymore in United States.” “Vanadium has long been considered as a strategic metal by the American government. North American vanadium consumption out paces production by 10,000 tons annually." By comparison, the Lac Doré project would produce about 7,700 tons annually.
The resource classification definitions used for this report are those published by the Canadian Institute of Mining, Metallurgy and Petroleum in their document “CIM Definition Standards for Mineral Resources and Reserves” dated of November 27, 2010. Procedures and classification used are outlined in theReport by Mr. D’Amours and Mr. Girard that is now filed on www.sedar.com and available at www.vanadiumcorp.com. Resources were classified as "inferred" based on the fact they were calculated from historic drill holes only with their intrinsic uncertainties.
About VanadiumCorp
VanadiumCorp is a rapidly growing strategic metals company with projects in Quebec, Canada. VanadiumCorp has a vision to become the only primary producer of Vanadium in North America. The current growth strategy is focused on development of its most advanced project in mining friendly Quebec, Canada, the Lac Dore Project. VanadiumCorp is targeting production of metallurgical grade vanadium pentoxide as well as high purity vanadium chemicals for the battery industry. Vanadium is the number-one steel strengthener in the world and is internationally acclaimed as an essential component of the "ultimate energy storage solution," Vanadium batteries. The Lac Dore Project, coupled with the Company's Iron-T Vanadium Project are both adjacent to nearby infrastructure and position VanadiumCorp at the forefront of global vanadium development. VanadiumCorp's experienced management and technical teams are dedicated to project development and building shareholder value.
This release was approved by Mr. Rejean Girard, P. Geo. Mr. Girard is a qualified person as defined by National Instrument 43-101. The portion related to the resource estimation also been approved by Mr. Christian D’Amours, P. Geo, a qualified person as defined by National Instrument 43-101.
FOR MORE INFORMATION CONTACT:
Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485
Website: www.vanadiumcorp.com
VANCOUVER, BRITISH COLUMBIA – April 13, 2015 VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company”) is pleased to announce that IOS Geoscientifique Inc. and Geopointcom Inc. have completed the NI 43-101 technical report (the “Report”) disclosing the first resource estimate for the Lac Doré Vanadium Project. A complete copy of the Report can be found at www.sedar.com. The Lac Doré Vanadium Project is comprised of 100% owned mining claims spanning 45 km2 located 30 km southeast of the mining town of Chibougamau, in central Québec, Canada.
Calculation indicates the presence of an inferred resource at 99,104,000 tons grading 0.43% V2O5. This resource represents 26,067,000 tons of magnetite concentrate grading 1.08% of recoverable V2O5, for a mine life of 36.8 years. The estimation is based on assay results from the magnetite concentrate by Davis tube testing, rather than the more conventional headgrade assays. A recovery factor of 95% was used for the hydrometallurgical process, according to historical testing, but no recovery was factored in for magnetite concentration since calculation is made directly from concentrates. An overall 66.6% recovery on headgrade was calculated back. In completing the Report, adjustment of the pit was made to increase pit optimization and accuracy. This was achieved by resolving uncertainty with a claim boundary to increase confidence in the resource estimate. The result was a small decrease in overall tonnage and an increase in grade from the initial resource statement disclosed in the Company’s news release dated February 27th, 2015.
Adriaan Bakker, CEO of VanadiumCorp states, “This is a landmark step in advancing the Lac Doré Project to production. The Report utilizes over 50 years of work to validate significant tonnage, significant mine life, good metallurgy, production scenarios and comparisons to leading global producers. Of key importance is the confirmation of high quality mineralization with low impurities such as low silica (<1%). Our main objective is to establish the ability to produce high purity vanadium products at the mine, and keep that added value in Canada. Nearby infrastructure coupled with strong community and government alliances bode very well for the production potential of Lac Doré. VanadiumCorp has established a world class vanadium resource in mining friendly Quebec, positioning the Company as the supply solution for vanadium in North America.”
Influence of market price on resource estimates:
Resource Sensitivity to Market Price
Market Price V2O5 ($USD/pound) $4.00 $5.50 $7.00
Mineralization (Metric Ton) 68,798,000 99,104,000 111,209,000
Waste (Metric Ton) 103,808,000 165,690,000 205,388,000
Magnetite Concentrate (Metric Ton) 19,633,000 26,067,000 28,844,000
Strip Ratio: Waste / Magnetite 1.51 1.67 1.85
Recoverable V2O5 Tonnage (Metric Ton) 226,090 282,370 303,660
Grade of the Magnetite Concentrate (%V2O5) 1.15% 1.08% 1.05%
Eq. Grade of the resource (66.6% net recovery) 0.49% 0.43% 0.41%
The parameters used for the resource estimation of the East Deposit included usage of ordinary Kriging method with omnidirectional variograms. A pit depth of 200 m with a 50o slope, a cut-off magnetite abundance of 15% with mining costs set at $1.80/ metric ton, magnetite concentration cost at $2.50/ metric tonne and roasting cost set at $40/ metric ton of magnetite based on industry standards. A market value of $5.50USD per pound of V2O5 was chosen representing the stable average pricing for the last ten years. Mining rates were constrained by the capacity of a conventional rotary kiln 5 metres in diameter, which represent the current maximum technically achievable.
Highlights of the Resource Estimate include:
Hydrometallurgical recovery: 95%, already factored in the resource estimate.
Inferred resource tonnage: 99,104,000 metric tonnes @ 0.43% V2O5
Waste tonnage: 165,690,000 metric tonnes
Mining life: 36.8 years
Pit ratio: 1.67 to account for waste removal.
Magnetite content: 26,067,000 metric tonnes or 26.3%
Recoverable vanadium grade in magnetite: 1.08% V2O5
Total recoverable vanadium: 282,370 metric tonnes V2O5 or 621 million pounds
Roasting throughput: 82 tonnes per hour, or 708,000 tonnes per year
Milling rate: 2,692,000 tonnes per year
Mining rate: 7,188,000 tonnes per year, including waste removal
Vanadium pentoxide production of 7,700 tons per year.
Beneficiation tests on the Lac Doré magnetite were successfully conducted by at least eight different groups or laboratories, meaning that this part of the process is well mastered. Extensive metallurgical testing on Lac Doré mineralization was carried out by past owners of the project, and indicates clearly the suitability of the mineralization to beneficiation, and the recoverability of vanadium by conventional alkali-roasting as well as smelting processes. Both tested routes, alkali roasting and intensive fusion, have been commercially operated worldwide upon similar ore for more than 50 years and are proven technologies. Laboratory and pilot plant tests on Lac Doré mineralization were carried out by various independent laboratories, which indicated clearly that the mineralization behaves similarly to other vanadiferous-magnetite deposits in production in South-Africa, China and Russia.
The report describes in detail the market potential for Vanadium strengthened steel and vanadium batteries in North America, the need for adequate domestic supply and the potential for the Lac Doré project to fulfill the growing need are clearly indicated. The Report states, “The increasing dependency of supply of vanadium demand in USA and Canada from unstable or government oriented jurisdictions like Venezuela, South Africa, Russia and China is of great concern. No strategic stockpile is available anymore in United States.” “Vanadium has long been considered as a strategic metal by the American government. North American vanadium consumption out paces production by 10,000 tons annually." By comparison, the Lac Doré project would produce about 7,700 tons annually.
The resource classification definitions used for this report are those published by the Canadian Institute of Mining, Metallurgy and Petroleum in their document “CIM Definition Standards for Mineral Resources and Reserves” dated of November 27, 2010. Procedures and classification used are outlined in theReport by Mr. D’Amours and Mr. Girard that is now filed on www.sedar.com and available at www.vanadiumcorp.com. Resources were classified as "inferred" based on the fact they were calculated from historic drill holes only with their intrinsic uncertainties.
About VanadiumCorp
VanadiumCorp is a rapidly growing strategic metals company with projects in Quebec, Canada. VanadiumCorp has a vision to become the only primary producer of Vanadium in North America. The current growth strategy is focused on development of its most advanced project in mining friendly Quebec, Canada, the Lac Dore Project. VanadiumCorp is targeting production of metallurgical grade vanadium pentoxide as well as high purity vanadium chemicals for the battery industry. Vanadium is the number-one steel strengthener in the world and is internationally acclaimed as an essential component of the "ultimate energy storage solution," Vanadium batteries. The Lac Dore Project, coupled with the Company's Iron-T Vanadium Project are both adjacent to nearby infrastructure and position VanadiumCorp at the forefront of global vanadium development. VanadiumCorp's experienced management and technical teams are dedicated to project development and building shareholder value.
This release was approved by Mr. Rejean Girard, P. Geo. Mr. Girard is a qualified person as defined by National Instrument 43-101. The portion related to the resource estimation also been approved by Mr. Christian D’Amours, P. Geo, a qualified person as defined by National Instrument 43-101.
FOR MORE INFORMATION CONTACT:
Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485
Website: www.vanadiumcorp.com
Vanadiumcorp signs MOU for vanadium flow batteries
2015-12-10 16:06 ET - News Release
Mr. Adriaan Bakker reports
VANADIUMCORP SIGNS MEMORANDUM OF UNDERSTANDING WITH LEADING NORTH AMERICAN FLOW BATTERY MANUFACTURER
Vanadiumcorp Resource Inc. has signed a memorandum of understanding with a leading North American vanadium flow battery manufacturer. Vanadiumcorp and the manufacturer share a vision for the accelerated commercialization of vanadium flow batteries (VFBs) and agree to work together to foster development and acceptance of the VFBs in the marketplace. Significant growth is forecast for grid-scale energy storage applications in North America in the near term, and VFBs are expected to play a key role in this market. Their long-life characteristics and scalability make them ideal for integration with renewable energy sources like solar or wind power to reduce greenhouse gas (GHG) emissions and strengthen grid reliability.
Development of a long-term, reliable source of vanadium at stable prices would accelerate VFB commercialization, resulting in increased demand for vanadium.
© 2016 Canjex Publishing Ltd. All rights reserved.
2015-12-10 16:06 ET - News Release
Mr. Adriaan Bakker reports
VANADIUMCORP SIGNS MEMORANDUM OF UNDERSTANDING WITH LEADING NORTH AMERICAN FLOW BATTERY MANUFACTURER
Vanadiumcorp Resource Inc. has signed a memorandum of understanding with a leading North American vanadium flow battery manufacturer. Vanadiumcorp and the manufacturer share a vision for the accelerated commercialization of vanadium flow batteries (VFBs) and agree to work together to foster development and acceptance of the VFBs in the marketplace. Significant growth is forecast for grid-scale energy storage applications in North America in the near term, and VFBs are expected to play a key role in this market. Their long-life characteristics and scalability make them ideal for integration with renewable energy sources like solar or wind power to reduce greenhouse gas (GHG) emissions and strengthen grid reliability.
Development of a long-term, reliable source of vanadium at stable prices would accelerate VFB commercialization, resulting in increased demand for vanadium.
© 2016 Canjex Publishing Ltd. All rights reserved.
TSX-V: "VRB"
VANCOUVER, Dec. 10, 2015 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce it has signed a Memorandum of Understanding ("MOU") with a leading North American vanadium flow battery manufacturer.
VanadiumCorp and the manufacturer share a vision for the accelerated commercialization of vanadium flow batteries (VFBs) and agree to work together to foster development and acceptance of the VFBs in the marketplace. Significant growth is forecast for grid-scale energy storage applications in North America in the near term and VFBs are expected to play a key role in this market. Their long-life characteristics and scalability make them ideal for integration with renewable energy sources like solar or wind power to reduce greenhouse gas (GHG) emissions and strengthen grid reliability.
Development of a long term, reliable source of vanadium at stable prices would accelerate VFB commercialization, resulting in increased demand for vanadium.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE VanadiumCorp Resource Inc.
VANCOUVER, Dec. 10, 2015 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce it has signed a Memorandum of Understanding ("MOU") with a leading North American vanadium flow battery manufacturer.
VanadiumCorp and the manufacturer share a vision for the accelerated commercialization of vanadium flow batteries (VFBs) and agree to work together to foster development and acceptance of the VFBs in the marketplace. Significant growth is forecast for grid-scale energy storage applications in North America in the near term and VFBs are expected to play a key role in this market. Their long-life characteristics and scalability make them ideal for integration with renewable energy sources like solar or wind power to reduce greenhouse gas (GHG) emissions and strengthen grid reliability.
Development of a long term, reliable source of vanadium at stable prices would accelerate VFB commercialization, resulting in increased demand for vanadium.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE VanadiumCorp Resource Inc.
VanadiumCorp Resource Inc. Enters MOU with Leading Manufacturer of Vanadium Flow Batteries
NEW YORK, NY, December 11, 2015 /Sector Newswire/ - VanadiumCorp Resource Inc. (TSX-V: VRB) (OTC Listing: APAFF) this week announced it has entered into a Memorandum of Understanding (MOU) with a leading North American vanadium flow battery manufacturer. Over the coming decade it is expected that demand for vanadium batteries will dwarf conventional lithium and traditional lead-acid technology by utilities seeking safe, long-running, affordable, and flexible grid storage solutions; energy storage systems that employ Vanadium electrochemical flow cell systems/capacitors, also known as redox flow cells, are the key to providing stability for smart-grid systems that rely on renewable energies that fluctuate (e.g. wind and solar) yet have energy demand draw that needs to be filled instantaneously, often at low energy production times. Demand increases for Vanadium based batteries are not limited to utilities, their superior characteristics and increased popularity are expected by many to gain mainstream acceptance that could rival their use in applications currently being fulfilled by other mediums, and are also expected to spawn new application.
High-grade Vanadium resources are uncommon and are highly coveted assets to anxious global industrial manufactures looking to ensure they have adequate stable supplies of Vanadium to satisfy demands for what appears to be the next wave of high-tech energy storage devices to dominate the globe. Signing a MOU is the first step in a major manufacturer looking to control its Vanadium supply chain -- investors positioned now in VRB.V are poised to take advantage of VanadiumCorp's potential to become the 1st large scale primary Vanadium producer in North America. Additionally, the Company has a vision to become the lowest cost, primary producer of Vanadium in the world. Trading with a market cap under $7 million (Canadian -- 199.9M shares outstanding X 3 cents), shares of VRB.V are poised for substantial upside revaluation as interest for its flagship Vanadium properties rise.
Flagship properties:
Lac Dore Vanadium Project - 99.1 Mt @ 0.43% V2O5 (Inferred) NI 43-101 Resource
Iron-T Vanadium Project - 14.38 Mt @ 0.42% V2O5 (Inferred) NI 43-101 Resource
Company highlights:
100% owned Vanadium projects in a safe jurisdiction (Quebec, Canada)
99.1Mt @ 0.43% V2O5 (Inferred) resource estimate
Open at depth and along strike
Advantage of purity, grade and metallurgy
Flagship Lac Dore Project NI-43 101 Technical Report Complete
Close to all Infrastructure (Road, Rail, 161Kv Power, Workforce, Water, Airport)
Similar development stage project in place for long term growth
Local development and potential beneficiation aimed at strengthening Canadian economy
Experienced management with expertise in Vanadium and operations
Strong investor base
Capitalizing on market demand and supply instability in strategic and industrial metals
Market outlook for Vanadium is strong and increasing Vanadium applications has both environmental and economic benefit
NEW YORK, NY, December 11, 2015 /Sector Newswire/ - VanadiumCorp Resource Inc. (TSX-V: VRB) (OTC Listing: APAFF) this week announced it has entered into a Memorandum of Understanding (MOU) with a leading North American vanadium flow battery manufacturer. Over the coming decade it is expected that demand for vanadium batteries will dwarf conventional lithium and traditional lead-acid technology by utilities seeking safe, long-running, affordable, and flexible grid storage solutions; energy storage systems that employ Vanadium electrochemical flow cell systems/capacitors, also known as redox flow cells, are the key to providing stability for smart-grid systems that rely on renewable energies that fluctuate (e.g. wind and solar) yet have energy demand draw that needs to be filled instantaneously, often at low energy production times. Demand increases for Vanadium based batteries are not limited to utilities, their superior characteristics and increased popularity are expected by many to gain mainstream acceptance that could rival their use in applications currently being fulfilled by other mediums, and are also expected to spawn new application.
High-grade Vanadium resources are uncommon and are highly coveted assets to anxious global industrial manufactures looking to ensure they have adequate stable supplies of Vanadium to satisfy demands for what appears to be the next wave of high-tech energy storage devices to dominate the globe. Signing a MOU is the first step in a major manufacturer looking to control its Vanadium supply chain -- investors positioned now in VRB.V are poised to take advantage of VanadiumCorp's potential to become the 1st large scale primary Vanadium producer in North America. Additionally, the Company has a vision to become the lowest cost, primary producer of Vanadium in the world. Trading with a market cap under $7 million (Canadian -- 199.9M shares outstanding X 3 cents), shares of VRB.V are poised for substantial upside revaluation as interest for its flagship Vanadium properties rise.
Flagship properties:
Lac Dore Vanadium Project - 99.1 Mt @ 0.43% V2O5 (Inferred) NI 43-101 Resource
Iron-T Vanadium Project - 14.38 Mt @ 0.42% V2O5 (Inferred) NI 43-101 Resource
Company highlights:
100% owned Vanadium projects in a safe jurisdiction (Quebec, Canada)
99.1Mt @ 0.43% V2O5 (Inferred) resource estimate
Open at depth and along strike
Advantage of purity, grade and metallurgy
Flagship Lac Dore Project NI-43 101 Technical Report Complete
Close to all Infrastructure (Road, Rail, 161Kv Power, Workforce, Water, Airport)
Similar development stage project in place for long term growth
Local development and potential beneficiation aimed at strengthening Canadian economy
Experienced management with expertise in Vanadium and operations
Strong investor base
Capitalizing on market demand and supply instability in strategic and industrial metals
Market outlook for Vanadium is strong and increasing Vanadium applications has both environmental and economic benefit
Vanadiumcorp clarifies disclosure on Lac Dore
2016-02-12 13:53 ET - News Release
Mr. Adriaan Bakker reports
MEDIA CLARIFICATION, LAC DORE VANADIUM PROJECT
Vanadiumcorp Resource Inc. was requested by the Investment Industry Regulatory Organization of Canada to clarify disclosure made recently by various media companies. In particular, La Sentinelle news in Chibougamau published on Jan. 22, 2016, statements in French that appear to be inadvertently misquoted or mistranslated. The company did not have a chance to review this disclosure prior to publication and cautions that context and disclosure requirements may be lost by automatic internet translation programs.
The company does not have a 37-year mine life or reservoir of 100 million tonnes. The company is in the process of commissioning a preliminary economic assessment assessing the technical feasibility and economic viability of the Lac Dore vanadium project. If the PEA establishes the technical feasibility and economic viability of the project, it shall, amongst other results, establish and disclose an appropriate production rate and mine life with the level of uncertainties adequate in a PEA. As the PEA has not been completed on the project, no mine life currently exists for the project, and no mining reserves have been calculated. Please note also, even if a PEA supports the technical feasibility and economic viability of the project, a PEA is preliminary in nature. The continuing PEA will be based on inferred mineral resources only that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be completed. The current Lac Dore vanadium project encompasses a National Instrument 43-101 inferred category resource measuring 99.1 million metric tonnes of magnetite-bearing mineralization grading 0.43 per cent vanadium (V) oxide, and which contains an estimated 621,214,000 pounds V2O5 in the magnetite concentrate. The full NI 43-101 technical report with resource statement is publicaly filed and available on SEDAR and the company's website.
Regarding comments about employment, the company has made no promises or commitments of immediate or future employment and any comment to the contrary are inaccurate.
2016-02-12 13:53 ET - News Release
Mr. Adriaan Bakker reports
MEDIA CLARIFICATION, LAC DORE VANADIUM PROJECT
Vanadiumcorp Resource Inc. was requested by the Investment Industry Regulatory Organization of Canada to clarify disclosure made recently by various media companies. In particular, La Sentinelle news in Chibougamau published on Jan. 22, 2016, statements in French that appear to be inadvertently misquoted or mistranslated. The company did not have a chance to review this disclosure prior to publication and cautions that context and disclosure requirements may be lost by automatic internet translation programs.
The company does not have a 37-year mine life or reservoir of 100 million tonnes. The company is in the process of commissioning a preliminary economic assessment assessing the technical feasibility and economic viability of the Lac Dore vanadium project. If the PEA establishes the technical feasibility and economic viability of the project, it shall, amongst other results, establish and disclose an appropriate production rate and mine life with the level of uncertainties adequate in a PEA. As the PEA has not been completed on the project, no mine life currently exists for the project, and no mining reserves have been calculated. Please note also, even if a PEA supports the technical feasibility and economic viability of the project, a PEA is preliminary in nature. The continuing PEA will be based on inferred mineral resources only that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be completed. The current Lac Dore vanadium project encompasses a National Instrument 43-101 inferred category resource measuring 99.1 million metric tonnes of magnetite-bearing mineralization grading 0.43 per cent vanadium (V) oxide, and which contains an estimated 621,214,000 pounds V2O5 in the magnetite concentrate. The full NI 43-101 technical report with resource statement is publicaly filed and available on SEDAR and the company's website.
Regarding comments about employment, the company has made no promises or commitments of immediate or future employment and any comment to the contrary are inaccurate.
Vanadiumcorp ex-CEO O'Brien serves lawsuit
2016-04-08 16:08 ET - News Release
Mr. Patrick O'Brien, former CEO, reports
On April 6, 2016, Maverick Investment Corp. and Patrick D. O'Brien served the defendant, Vanadiumcorp Resource Inc., at its Vancouver office with a notice of civil claim, as per court file No. VLC-S-S-153089 filed in the Supreme Court of British Columbia.
The claim filed by Maverick Investment and Mr. O'Brien for wrongful dismissal seeks relief from the defendant for:
Damages for wrongful dismissal;
Aggravated and/or punitive damages;
Interest pursuant to the Court Order Interest Act;
The costs of the action;
Such further and other relief as deemed just by the court.
Mr. O'Brien (the plaintiff) served the defendant diligently in the positions of chief executive officer and director for an uninterrupted period of 21 years extending from June, 1992, through to April 16, 2013.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-04-08 16:08 ET - News Release
Mr. Patrick O'Brien, former CEO, reports
On April 6, 2016, Maverick Investment Corp. and Patrick D. O'Brien served the defendant, Vanadiumcorp Resource Inc., at its Vancouver office with a notice of civil claim, as per court file No. VLC-S-S-153089 filed in the Supreme Court of British Columbia.
The claim filed by Maverick Investment and Mr. O'Brien for wrongful dismissal seeks relief from the defendant for:
Damages for wrongful dismissal;
Aggravated and/or punitive damages;
Interest pursuant to the Court Order Interest Act;
The costs of the action;
Such further and other relief as deemed just by the court.
Mr. O'Brien (the plaintiff) served the defendant diligently in the positions of chief executive officer and director for an uninterrupted period of 21 years extending from June, 1992, through to April 16, 2013.
© 2016 Canjex Publishing Ltd. All rights reserved.
Vanadiumcorp begins VE process partnership
2016-04-14 10:32 ET - News Release
Mr. Adriaan Bakker reports
VANADIUMCORP COMMENCES VANADIUM ELECTROLYTE PROCESS PARTNERSHIP
Vanadiumcorp Resource Inc. has commenced the vanadium electrolyte process partnership (VEPP). Favourable metallurgy and process development are key development aspects as the company's Lac Dore vanadium project represents a strategic material for battery technology hosted in hard-rock mineralization. The company is in discussions with interested parties, and new partners will be announced on a continuing basis and as specific mandates are formalized. These partners include academia, energy storage companies, government organizations, vanadium industry professionals and independent contractors. The company plans to grow its target market by selling competitively priced vanadium electrolyte (VE) with the lowest-cost production and process model.
"Vanadium redox batteries (VRBs) are emerging as the technology of choice for grid storage and alternative to competing technologies with longer life cycle, superior safety and unlimited capacity," said Adriaan Bakker president and chief executive officer of Vanadiumcorp. "Market pricing for our preliminary economic study (PEA) will be primarily based on specialty vanadium products that reflect a significant premium to the metallurgical-grade V2O5 [vanadium oxide] flake market. Demand is outpacing supply, and the largest high-purity vanadium market in the world is located in North America."
Mr. Bakker continued: "The key to commercialization of vanadium batteries is the supply of VE at the right price as VE is the largest cost component of the VRB. We are confident the Lac Dore vanadium project is capable of providing reliable VE supply. The objective is to affect a significant reduction in cost per kilowatt-hour of the VRB through direct, low-cost VE production. Targeting a high-purity processing model allows the unique possibility of on-site, primary VE production and a diverse specialty product mix for increased market flexibility. Ultimately, our goal in process development is to produce specialty high-purity vanadium products like VE at a similar cost of conventional V2O5 flake production for steel alloys."
The company anticipates the announcement of additional strategic partners before disclosure of its vanadium-electrolyte-and-high-purity-vanadium-focused PEA.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-04-14 10:32 ET - News Release
Mr. Adriaan Bakker reports
VANADIUMCORP COMMENCES VANADIUM ELECTROLYTE PROCESS PARTNERSHIP
Vanadiumcorp Resource Inc. has commenced the vanadium electrolyte process partnership (VEPP). Favourable metallurgy and process development are key development aspects as the company's Lac Dore vanadium project represents a strategic material for battery technology hosted in hard-rock mineralization. The company is in discussions with interested parties, and new partners will be announced on a continuing basis and as specific mandates are formalized. These partners include academia, energy storage companies, government organizations, vanadium industry professionals and independent contractors. The company plans to grow its target market by selling competitively priced vanadium electrolyte (VE) with the lowest-cost production and process model.
"Vanadium redox batteries (VRBs) are emerging as the technology of choice for grid storage and alternative to competing technologies with longer life cycle, superior safety and unlimited capacity," said Adriaan Bakker president and chief executive officer of Vanadiumcorp. "Market pricing for our preliminary economic study (PEA) will be primarily based on specialty vanadium products that reflect a significant premium to the metallurgical-grade V2O5 [vanadium oxide] flake market. Demand is outpacing supply, and the largest high-purity vanadium market in the world is located in North America."
Mr. Bakker continued: "The key to commercialization of vanadium batteries is the supply of VE at the right price as VE is the largest cost component of the VRB. We are confident the Lac Dore vanadium project is capable of providing reliable VE supply. The objective is to affect a significant reduction in cost per kilowatt-hour of the VRB through direct, low-cost VE production. Targeting a high-purity processing model allows the unique possibility of on-site, primary VE production and a diverse specialty product mix for increased market flexibility. Ultimately, our goal in process development is to produce specialty high-purity vanadium products like VE at a similar cost of conventional V2O5 flake production for steel alloys."
The company anticipates the announcement of additional strategic partners before disclosure of its vanadium-electrolyte-and-high-purity-vanadium-focused PEA.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 52.193.527 von mickefett am 15.04.16 01:57:50Und die Konkurrenz schläft auch nicht:
http://www.proactiveinvestors.com.au/companies/news/68077/au…
http://www.proactiveinvestors.com.au/companies/news/68077/au…
Vanadiumcorp appoints Reynolds to advisory board
2016-04-25 15:02 ET - News Release
Mr. Adriaan Bakker reports
MARK REYNOLDS JOINS VANADIUMCORP ADVISORY BOARD, CANADA SIGNS PARIS CLIMATE CHANGE AGREEMENT
Vanadiumcorp Resource Inc. has appointed Mark Reynolds to its advisory board and its vanadium electrolyte process partnership (VEPP) development team. Mr. Reynold's advisory role includes strategic development, financing and leasing possibilities.
Mr. Reynolds's current consulting work is focused on vanadium battery development and commercialization. Mr. Reynolds's experience includes financing energy storage projects, such as Vanteck Technology Corp. that acquired the chemical patent for vanadium redox flow batteries (VRB) from the University of New South Wales, Australia, in 2001. This resulted in the first North American VRB installation. Former developers of the company's Lac Dore vanadium project were also minority investment partners of VTC. Mr. Reynolds's complete profile and background are available on the company's website.
"For decades, I have had the belief the world is in desperate need for a solution to our energy requirements and climate change," said Mr. Reynolds. "The era of grid-scale energy storage is upon us, and few technologies have the right criteria to facilitate a global shift to renewable energy. The vanadium redox flow battery is the right technology with only one obstacle: There is no primary supplier of vanadium electrolyte in the world. VRBs are not a new technology, and have evolved through development and commercial deployment for over 40 years. VRBs resolve the intermittent nature of storing wind and solar energy, and provides clean green generated power. Rapid reductions in cost and increased efficiencies of the renewable sector are reinforcing that the VRB solution is the superior technical choice. When I first met Vanadiumcorp management and discussed their plans years ago, I firmly believed that, within their timing for project development, a market for high-purity vanadium production would grow and develop, resulting in a very strong market position. Vanadiumcorp has stayed on course and should prosper from their vision as the VE (vanadium electrolyte) market matures. Quality, supply and pricing concerns plaguing existing battery producers can be alleviated through Vanadiumcorp's objective of building the world's first primary supply of VE."
Mr. Reynolds continued: "VRB battery technology requires high-purity VE to function efficiently and hold its charge indefinitely with virtually no maintenance. Vanadiumcorp has focused on development of a low-cost beneficiation process for VE from the Lac Dore vanadium project. I am very proud to join the advisory board of Vanadiumcorp at such a pivotal time. A new electrical grid is possible through renewable energy storage utilizing VRBs. This is a significant and extremely relevant solution for global climate change. The recent Paris climate change conference included consideration of flow batteries that could last longer and hold more energy than lithium-ion batteries to store renewable energy. Last Friday, on Earth Day, Canada joined 169 other countries at the United Nations by signing the Paris Climate Treaty. The Rt. Hon. Mr. Trudeau, Canada's Prime Minister, indicated Canada's support for this global climate change initiative. The primary supply of the most proven grid-scale technology is located in Quebec, Canada, with all infrastructure and low-cost high-purity production plans looking more promising by the day."
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-04-25 15:02 ET - News Release
Mr. Adriaan Bakker reports
MARK REYNOLDS JOINS VANADIUMCORP ADVISORY BOARD, CANADA SIGNS PARIS CLIMATE CHANGE AGREEMENT
Vanadiumcorp Resource Inc. has appointed Mark Reynolds to its advisory board and its vanadium electrolyte process partnership (VEPP) development team. Mr. Reynold's advisory role includes strategic development, financing and leasing possibilities.
Mr. Reynolds's current consulting work is focused on vanadium battery development and commercialization. Mr. Reynolds's experience includes financing energy storage projects, such as Vanteck Technology Corp. that acquired the chemical patent for vanadium redox flow batteries (VRB) from the University of New South Wales, Australia, in 2001. This resulted in the first North American VRB installation. Former developers of the company's Lac Dore vanadium project were also minority investment partners of VTC. Mr. Reynolds's complete profile and background are available on the company's website.
"For decades, I have had the belief the world is in desperate need for a solution to our energy requirements and climate change," said Mr. Reynolds. "The era of grid-scale energy storage is upon us, and few technologies have the right criteria to facilitate a global shift to renewable energy. The vanadium redox flow battery is the right technology with only one obstacle: There is no primary supplier of vanadium electrolyte in the world. VRBs are not a new technology, and have evolved through development and commercial deployment for over 40 years. VRBs resolve the intermittent nature of storing wind and solar energy, and provides clean green generated power. Rapid reductions in cost and increased efficiencies of the renewable sector are reinforcing that the VRB solution is the superior technical choice. When I first met Vanadiumcorp management and discussed their plans years ago, I firmly believed that, within their timing for project development, a market for high-purity vanadium production would grow and develop, resulting in a very strong market position. Vanadiumcorp has stayed on course and should prosper from their vision as the VE (vanadium electrolyte) market matures. Quality, supply and pricing concerns plaguing existing battery producers can be alleviated through Vanadiumcorp's objective of building the world's first primary supply of VE."
Mr. Reynolds continued: "VRB battery technology requires high-purity VE to function efficiently and hold its charge indefinitely with virtually no maintenance. Vanadiumcorp has focused on development of a low-cost beneficiation process for VE from the Lac Dore vanadium project. I am very proud to join the advisory board of Vanadiumcorp at such a pivotal time. A new electrical grid is possible through renewable energy storage utilizing VRBs. This is a significant and extremely relevant solution for global climate change. The recent Paris climate change conference included consideration of flow batteries that could last longer and hold more energy than lithium-ion batteries to store renewable energy. Last Friday, on Earth Day, Canada joined 169 other countries at the United Nations by signing the Paris Climate Treaty. The Rt. Hon. Mr. Trudeau, Canada's Prime Minister, indicated Canada's support for this global climate change initiative. The primary supply of the most proven grid-scale technology is located in Quebec, Canada, with all infrastructure and low-cost high-purity production plans looking more promising by the day."
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
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VANCOUVER, April 25, 2016 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce that Mr. Mark Reynolds has joined the advisory board of VanadiumCorp and The Company's Vanadium Electrolyte Process Partnership (VEPP) development team. Mr. Reynold's advisory role includes strategic development, financing and leasing possibilities.
Mr. Reynolds current consulting work is focused on vanadium battery development and commercialization. Mr. Reynolds experience includes financing energy storage projects, such as Vanteck Technology Corp. (VTC), that acquired the chemical patent for Vanadium Redox Flow Batteries (VRB) from the UNSW, Australia in 2001. This resulted in the first North American VRB installation. Former developers of The Company's Lac Dore Vanadium Project were also minority investment partners of VTC. Mr. Reynold's complete profile and background is available on the Company's website at www.vanadiumcorp.com.
"For decade's I have had the belief the world is in desperate need for a solution to our energy requirements and climate change." said Mr. Reynolds. "The era of grid scale energy storage is upon us and few technologies have the right criteria to facilitate a global shift to renewable energy. The Vanadium redox flow battery (VRB) is the right technology with only one obstacle, there is no primary supplier of vanadium electrolyte in the world. VRBs are not a new technology and have evolved through development and commercial deployment for over 40 years. VRBs resolve the intermittent nature of storing wind and solar energy and provides clean green generated power. Rapid reductions in cost and increased efficiencies of the renewable sector are reinforcing that the VRB solution is the superior technical choice. When I first met VanadiumCorp management and discussed their plans years ago, I firmly believed that within their timing for project development, a market for high purity vanadium production would grow and develop, resulting in a very strong market position. VanadiumCorp has stayed on course and should prosper from their vision as the VE market matures. Quality, supply and pricing concerns plaguing existing battery producers can be alleviated through VanadiumCorp's objective of building the world's first primary supply of Vanadium Electrolyte (VE)"
Mr. Reynolds continued, "VRB Battery technology requires high purity VE to function efficiently, and hold its charge indefinitely with virtually no maintenance. VanadiumCorp has focused on development of a low cost beneficiation process for VE from the Lac Dore Vanadium Project. I am very proud to join the advisory board of VanadiumCorp at such a pivotal time. A new electrical grid is possible through renewable energy storage utilizing VRBs. This is a significant and extremely relevant solution for global climate change. The recent Paris Climate Change Conference included consideration of flow batteries that could last longer and hold more energy than lithium ion batteries to store renewable energy. Last Friday, on Earth Day, Canada joined 169 other countries at the United Nations by signing the Paris Climate Treaty. The Right Honorable, Mr. Trudeau, Canada's Prime Minister indicated Canada's support for this global climate change initiative. The primary supply of the most proven grid scale technology is located in Quebec, Canada with all infrastructure and low cost high purity production plans looking more promising by the day."
About Vanteck Technology Corp. (VTC): Located in Vancouver, B.C. Canada until 2008, VTC was an electrochemical energy storage company that commercialized the 1st patented Vanadium Energy Storage System in North America. The expiration of this global patent in 2008, led to a significant increase in global research and development. Most notably, the US Department of Energy's breakthrough in VRB energy density with third generation VRB technology. In 2008, VTC was acquired by Prudent Energy and proceeded to install over 20 Vanadium Battery installations before it was taken over by an undisclosed Chinese company. VTC was formerly listed on the Toronto Stock Exchange as "VRB". VanadiumCorp acquired the stock symbol "VRB" in 2013 when the Company management was replaced, renamed, and relevant experience in vanadium mine construction and operations was integrated into The Company's team. Expertise of VTC is currently working with vanadium battery company's: Prudent Energy, Imergy Power Systems and Avalon Battery.
About the Vanadium Redox Battery (VRB): The VRB is an enabling technology that can effectively store electricity on demand for long durations indefinitely at grid scale. This is the categorical difference from high density short life technologies like Lithium. Higher density short life batteries are unable to deep cycle efficiently and have various energy storage limitations that are problematic for large scale storage. The VRB vastly improves power reliability, safety, power quality and will reduce costs for applications such as load levelling, peak shaving and providing power suppliers with essential Uninterruptible Power Systems (UPS). The application of the VRB technology is particularly well suited to stationary power sources such as power stations, telecommunication operations and alternative energy generators, including wind farms. The VRB technology is also characterized by low ecological impact. It uses conducting plastic electrodes and contains no heavy metals unlike most other conventional energy storage systems that rely on toxic substances such as lead, zinc or cadmium. The VRB can also be designed to be mobile, so it can be relocated to another site as needed in the future and the contained VE never degrades or loses charge. A primary supplier of VE is necessary as VE represents close to 42% cost of a VRB battery as opposed to 3% for Lithium. VanadiumCorp is targeting primary VE and high purity vanadium production for the fastest growing vanadium market segment with strategic advantage of location to demand.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note - The information in this news release includes certain "forward-looking statements" All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the company's properties, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This preliminary assessment is preliminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the preliminary assessment will be realized. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from VRB's expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and local groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. VRB's forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made. VRB assumes no obligation to update the forward looking statements if management's beliefs, opinions, projections, or other factors should they change.
SOURCE VanadiumCorp Resource Inc.
Video with caption: "Video: What are vanadium batteries?". Video available at: https://www.youtube.com/watch?v=UUqOnfceUAA
Image with caption: "VanadiumCorp Resource Inc. (CNW Group/VanadiumCorp Resource Inc.)". Image available at: http://photos.newswire.ca/images/download/20160425_C3951_PHO…
For further information: Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485
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VANCOUVER, April 25, 2016 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce that Mr. Mark Reynolds has joined the advisory board of VanadiumCorp and The Company's Vanadium Electrolyte Process Partnership (VEPP) development team. Mr. Reynold's advisory role includes strategic development, financing and leasing possibilities.
Mr. Reynolds current consulting work is focused on vanadium battery development and commercialization. Mr. Reynolds experience includes financing energy storage projects, such as Vanteck Technology Corp. (VTC), that acquired the chemical patent for Vanadium Redox Flow Batteries (VRB) from the UNSW, Australia in 2001. This resulted in the first North American VRB installation. Former developers of The Company's Lac Dore Vanadium Project were also minority investment partners of VTC. Mr. Reynold's complete profile and background is available on the Company's website at www.vanadiumcorp.com.
"For decade's I have had the belief the world is in desperate need for a solution to our energy requirements and climate change." said Mr. Reynolds. "The era of grid scale energy storage is upon us and few technologies have the right criteria to facilitate a global shift to renewable energy. The Vanadium redox flow battery (VRB) is the right technology with only one obstacle, there is no primary supplier of vanadium electrolyte in the world. VRBs are not a new technology and have evolved through development and commercial deployment for over 40 years. VRBs resolve the intermittent nature of storing wind and solar energy and provides clean green generated power. Rapid reductions in cost and increased efficiencies of the renewable sector are reinforcing that the VRB solution is the superior technical choice. When I first met VanadiumCorp management and discussed their plans years ago, I firmly believed that within their timing for project development, a market for high purity vanadium production would grow and develop, resulting in a very strong market position. VanadiumCorp has stayed on course and should prosper from their vision as the VE market matures. Quality, supply and pricing concerns plaguing existing battery producers can be alleviated through VanadiumCorp's objective of building the world's first primary supply of Vanadium Electrolyte (VE)"
Mr. Reynolds continued, "VRB Battery technology requires high purity VE to function efficiently, and hold its charge indefinitely with virtually no maintenance. VanadiumCorp has focused on development of a low cost beneficiation process for VE from the Lac Dore Vanadium Project. I am very proud to join the advisory board of VanadiumCorp at such a pivotal time. A new electrical grid is possible through renewable energy storage utilizing VRBs. This is a significant and extremely relevant solution for global climate change. The recent Paris Climate Change Conference included consideration of flow batteries that could last longer and hold more energy than lithium ion batteries to store renewable energy. Last Friday, on Earth Day, Canada joined 169 other countries at the United Nations by signing the Paris Climate Treaty. The Right Honorable, Mr. Trudeau, Canada's Prime Minister indicated Canada's support for this global climate change initiative. The primary supply of the most proven grid scale technology is located in Quebec, Canada with all infrastructure and low cost high purity production plans looking more promising by the day."
About Vanteck Technology Corp. (VTC): Located in Vancouver, B.C. Canada until 2008, VTC was an electrochemical energy storage company that commercialized the 1st patented Vanadium Energy Storage System in North America. The expiration of this global patent in 2008, led to a significant increase in global research and development. Most notably, the US Department of Energy's breakthrough in VRB energy density with third generation VRB technology. In 2008, VTC was acquired by Prudent Energy and proceeded to install over 20 Vanadium Battery installations before it was taken over by an undisclosed Chinese company. VTC was formerly listed on the Toronto Stock Exchange as "VRB". VanadiumCorp acquired the stock symbol "VRB" in 2013 when the Company management was replaced, renamed, and relevant experience in vanadium mine construction and operations was integrated into The Company's team. Expertise of VTC is currently working with vanadium battery company's: Prudent Energy, Imergy Power Systems and Avalon Battery.
About the Vanadium Redox Battery (VRB): The VRB is an enabling technology that can effectively store electricity on demand for long durations indefinitely at grid scale. This is the categorical difference from high density short life technologies like Lithium. Higher density short life batteries are unable to deep cycle efficiently and have various energy storage limitations that are problematic for large scale storage. The VRB vastly improves power reliability, safety, power quality and will reduce costs for applications such as load levelling, peak shaving and providing power suppliers with essential Uninterruptible Power Systems (UPS). The application of the VRB technology is particularly well suited to stationary power sources such as power stations, telecommunication operations and alternative energy generators, including wind farms. The VRB technology is also characterized by low ecological impact. It uses conducting plastic electrodes and contains no heavy metals unlike most other conventional energy storage systems that rely on toxic substances such as lead, zinc or cadmium. The VRB can also be designed to be mobile, so it can be relocated to another site as needed in the future and the contained VE never degrades or loses charge. A primary supplier of VE is necessary as VE represents close to 42% cost of a VRB battery as opposed to 3% for Lithium. VanadiumCorp is targeting primary VE and high purity vanadium production for the fastest growing vanadium market segment with strategic advantage of location to demand.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note - The information in this news release includes certain "forward-looking statements" All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the company's properties, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This preliminary assessment is preliminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the preliminary assessment will be realized. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from VRB's expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and local groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. VRB's forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made. VRB assumes no obligation to update the forward looking statements if management's beliefs, opinions, projections, or other factors should they change.
SOURCE VanadiumCorp Resource Inc.
Video with caption: "Video: What are vanadium batteries?". Video available at: https://www.youtube.com/watch?v=UUqOnfceUAA
Image with caption: "VanadiumCorp Resource Inc. (CNW Group/VanadiumCorp Resource Inc.)". Image available at: http://photos.newswire.ca/images/download/20160425_C3951_PHO…
For further information: Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485
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Organization Profile
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VanadiumCorp signs Memorandum of Understanding with leading North American Flow Battery Manufacturer
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Vanadiumcorp signs MOU with Schmid
2016-05-25 11:30 ET - News Release
Mr. Adriaan Bakker reports
SCHMID ENERGY SYSTEMS GMBH SIGNS MOU AND PARTNERSHIP AGREEMENT WITH VANADIUMCORP
Vanadiumcorp Resource Inc. has executed a non-binding memorandum of understanding with Schmid Energy Systems GmbH and a partnership agreement with the Vanadium Electrolyte Process Partnership (VEPP) to collaborate and explore joint business opportunities in the areas of:
The development of vanadium electrolyte (VE) and other specialty high-purity vanadium materials by direct process from Vanadiumcorp's mineral claims located in the mining centre of Chibougamau, Que.;
Commercialization of efficient and environmentally friendly mineral extraction and processing technologies for vanadium electrolyte;
Marketing of Vanadiumcorp technologies to the large-scale grid energy storage market;
Pursue reasonable efforts to enter into a definitive agreement within 12 months from the effective date of signing for the memorandum of understanding.
Vanadiumcorp's chief executive officer, Adriaan Bakker, commented, "We are delighted with the opportunity of working with Schmid regarding the development of battery electrolyte opportunities for vanadium on our Quebec mineral claims in tandem with process technologies for high-purity vanadium extraction."
Dr. Olaf Conrad, director of technology at Schmid Energy Systems, said: "The long-term security of supply of VE at predictable cost is of utmost strategic importance for our goal to become the leading global supplier of large-scale grid energy storage systems. We are excited to work with Vanadiumcorp on the development of a primary VE supply by a direct process from vanadium-containing mineral."
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-05-25 11:30 ET - News Release
Mr. Adriaan Bakker reports
SCHMID ENERGY SYSTEMS GMBH SIGNS MOU AND PARTNERSHIP AGREEMENT WITH VANADIUMCORP
Vanadiumcorp Resource Inc. has executed a non-binding memorandum of understanding with Schmid Energy Systems GmbH and a partnership agreement with the Vanadium Electrolyte Process Partnership (VEPP) to collaborate and explore joint business opportunities in the areas of:
The development of vanadium electrolyte (VE) and other specialty high-purity vanadium materials by direct process from Vanadiumcorp's mineral claims located in the mining centre of Chibougamau, Que.;
Commercialization of efficient and environmentally friendly mineral extraction and processing technologies for vanadium electrolyte;
Marketing of Vanadiumcorp technologies to the large-scale grid energy storage market;
Pursue reasonable efforts to enter into a definitive agreement within 12 months from the effective date of signing for the memorandum of understanding.
Vanadiumcorp's chief executive officer, Adriaan Bakker, commented, "We are delighted with the opportunity of working with Schmid regarding the development of battery electrolyte opportunities for vanadium on our Quebec mineral claims in tandem with process technologies for high-purity vanadium extraction."
Dr. Olaf Conrad, director of technology at Schmid Energy Systems, said: "The long-term security of supply of VE at predictable cost is of utmost strategic importance for our goal to become the leading global supplier of large-scale grid energy storage systems. We are excited to work with Vanadiumcorp on the development of a primary VE supply by a direct process from vanadium-containing mineral."
© 2016 Canjex Publishing Ltd. All rights reserved.
Vanadiumcorp appoints Molnar to advisory board
2016-05-31 16:17 ET - News Release
Mr. Adriaan Bakker reports
RON MOLNAR JOINS VANADIUMCORP ADVISORY BOARD AND VANADIUM ELECTROLYTE PROCESS PARTNERSHIP
Dr. Ron Molnar has joined the advisory board of Vanadiumcorp Resource Inc. and the Vanadium Electrolyte Process Partnership (VEPP) development team. Dr. Molnar is a solvent-extraction specialist with over 35 years experience in hydrometallurgical bench and pilot-plant testing. He has built and operated more than 60-pilot-plant circuits extracting a wide range of metallic elements, and has also designed and built over 20 custom solvent-extraction pilot-plant circuits for use in specific projects and for general testing.
In April, 2002, Lakefield Research Ltd. in Ontario, Canada (now SGS Canada Inc.), constructed a pilot plant for the Lac Dore vanadium project to test production of high-purity vanadium electrolyte (VE). At that time, Dr. Molnar held the position of senior metallurgist with Lakefield Research and was the project leader of the testing program to develop a hydrometallurgical process to recover vanadium products from the Lac Dore vanadium project mineralization. The project objective was development of a hydrometallurgical route to produce purified vanadyl sulphate feedstock to vanadium redox battery (VRB) electrolyte directly from ore leach liquor rather than by going through intermediate ammonium metavanadate production. The Lakefield Research team achieved a significant breakthrough by developing a new purification process to produce vanadium electrolyte feedstock (VE) for evaluation by Sumitomo Electric Industries Ltd. SEI confirmed that the Lac Dore electrolyte sample it tested was suitable for use in its VRB systems.
Dr. Molnar has authored and co-authored a number of publications and oral presentations, and is a life member and fellow of Canadian Institute of Mining, Metallurgy and Petroleum. Dr. Molnar founded MetNetH2O Inc., an independent consultancy based in Ontario specializing in solvent extraction and ion exchange process testing and development. Dr. Molnar's current work includes roles with industry-leading battery materials companies.
Adriaan Bakker, chief executive officer of Vanadiumcorp, stated, "Dr. Molnar is expected to play an integral role in future process development and possesses a high level of familiarity with necessary aspects of our Lac Dore project and process expertise required to target battery material production."
Vanadiumcorp intends to become the only primary vanadium electrolyte and high-purity vanadium supplier in the world. Only a small fraction of global vanadium supply can meet the requirements of the high-purity vanadium markets, and the company's Lac Dore vanadium project VE has confirmed up to 99.9-per-cent purity. The VRB market is anticipated to grow significantly with the actualization of stable supply and secure price of VE. Unlike lithium batteries, VRB technology is influenced 14 times more by the cost of its electrolyte and is without primary supply globally. The VRB market is largely driven by renewable energy storage and the emerging need for grid-scale energy. The objective of building a fully integrated supply and technology solution could offer significant advantages in this new market. The company's vanadium projects are located within the fastest-growing renewable energy and VE market in the world.
About the vanadium redox battery (VRB)
The VRB is an enabling technology that effectively stores electricity on demand for long durations at grid scale. The VRB vastly improves power reliability, safety and power quality, and will reduce costs for applications, such as load levelling, peak shaving and providing power suppliers with essential uninterruptible power systems (UPS). The application of the VRB technology is particularly well suited to stationary power sources, such as power stations, telecommunication operations and renewable energy. The VRB technology is also characterized by low ecological impact.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-05-31 16:17 ET - News Release
Mr. Adriaan Bakker reports
RON MOLNAR JOINS VANADIUMCORP ADVISORY BOARD AND VANADIUM ELECTROLYTE PROCESS PARTNERSHIP
Dr. Ron Molnar has joined the advisory board of Vanadiumcorp Resource Inc. and the Vanadium Electrolyte Process Partnership (VEPP) development team. Dr. Molnar is a solvent-extraction specialist with over 35 years experience in hydrometallurgical bench and pilot-plant testing. He has built and operated more than 60-pilot-plant circuits extracting a wide range of metallic elements, and has also designed and built over 20 custom solvent-extraction pilot-plant circuits for use in specific projects and for general testing.
In April, 2002, Lakefield Research Ltd. in Ontario, Canada (now SGS Canada Inc.), constructed a pilot plant for the Lac Dore vanadium project to test production of high-purity vanadium electrolyte (VE). At that time, Dr. Molnar held the position of senior metallurgist with Lakefield Research and was the project leader of the testing program to develop a hydrometallurgical process to recover vanadium products from the Lac Dore vanadium project mineralization. The project objective was development of a hydrometallurgical route to produce purified vanadyl sulphate feedstock to vanadium redox battery (VRB) electrolyte directly from ore leach liquor rather than by going through intermediate ammonium metavanadate production. The Lakefield Research team achieved a significant breakthrough by developing a new purification process to produce vanadium electrolyte feedstock (VE) for evaluation by Sumitomo Electric Industries Ltd. SEI confirmed that the Lac Dore electrolyte sample it tested was suitable for use in its VRB systems.
Dr. Molnar has authored and co-authored a number of publications and oral presentations, and is a life member and fellow of Canadian Institute of Mining, Metallurgy and Petroleum. Dr. Molnar founded MetNetH2O Inc., an independent consultancy based in Ontario specializing in solvent extraction and ion exchange process testing and development. Dr. Molnar's current work includes roles with industry-leading battery materials companies.
Adriaan Bakker, chief executive officer of Vanadiumcorp, stated, "Dr. Molnar is expected to play an integral role in future process development and possesses a high level of familiarity with necessary aspects of our Lac Dore project and process expertise required to target battery material production."
Vanadiumcorp intends to become the only primary vanadium electrolyte and high-purity vanadium supplier in the world. Only a small fraction of global vanadium supply can meet the requirements of the high-purity vanadium markets, and the company's Lac Dore vanadium project VE has confirmed up to 99.9-per-cent purity. The VRB market is anticipated to grow significantly with the actualization of stable supply and secure price of VE. Unlike lithium batteries, VRB technology is influenced 14 times more by the cost of its electrolyte and is without primary supply globally. The VRB market is largely driven by renewable energy storage and the emerging need for grid-scale energy. The objective of building a fully integrated supply and technology solution could offer significant advantages in this new market. The company's vanadium projects are located within the fastest-growing renewable energy and VE market in the world.
About the vanadium redox battery (VRB)
The VRB is an enabling technology that effectively stores electricity on demand for long durations at grid scale. The VRB vastly improves power reliability, safety and power quality, and will reduce costs for applications, such as load levelling, peak shaving and providing power suppliers with essential uninterruptible power systems (UPS). The application of the VRB technology is particularly well suited to stationary power sources, such as power stations, telecommunication operations and renewable energy. The VRB technology is also characterized by low ecological impact.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
Vanadiumcorp enters electrolyte deal with EnSciTech
2016-07-14 16:06 ET - News Release
Mr. Adriaan Bakker reports
ENSCITECH INC. SIGNS PARTNERSHIP AGREEMENT WITH VANADIUM ELECTROLYTE PROCESS PARTNERSHIP
Vanadiumcorp Resource Inc. has executed a partnership agreement with EnSciTech Inc. through the Vanadium Electrolyte Process Partnership (VEPP). The objective of this partnership is to collaborate and explore the joint business opportunity of low-cost, near-term production of vanadium electrolyte. The primary focus of this agreement will look at the following components:
VE process technology development (pilot scale to full production);
Commercialization of efficient and environmentally friendly mineral extraction.
EnSciTech, located in Alberta, Canada, is working on clean initiatives within the oil sands industry. The primary purpose is to convert waste from the oil sands into battery materials for leading storage technologies. The process recovers secondary high-purity vanadium from oil sands, helping Canada to meet energy storage and renewable energy targets for North America. EnSciTEch is currently planning development of its vanadium electrolyte pilot plant, which would facilitate Alberta's climate change commitment by reducing wastes from the oil sands industry and transforming them into battery materials.
The company's chief executive officer, Adriaan Bakker, commented: "EnSciTech represents the possibility of near-term, low-cost production from an exclusive supply source. Combining processing technology with new supply could bring stable, secure-cost VE to the market for the first time."
The Vanadium Electrolyte Process Partnership is an independent alliance of vanadium developers collaborating to establish low-cost vanadium electrolyte solutions.
The importance of the role of vanadium in energy storage is growing dramatically. The announced VRFB installation in Dalian, China, is planned to reach 3,000 megawatt-hours. This currently represents the world's largest battery or energy storage system (ESS). Lithium technology is simply not capable of this scale and performance with the largest installation approximately 100 times smaller in mwh capacity.
Mr. Bakker, chief executive officer of Vanadiumcorp, stated: "Canada has an opportunity to become the world's leading supplier of battery materials for energy storage. Superseding China's production of battery raw materials would allow Canada's to fulfill its mandate with the Paris climate change commitment and the trilateral Canada-USA-Mexico agreement to reach 50-per-cent clean energy by 2025."
Vanadiumcorp is the only company planning to develop primary high-purity vanadium directly from source. Unlike conventional producers worldwide that must upgrade and convert from lower-quality vanadium oxide, the company's Lac Dore vanadium project mineralization already has the high-quality profile required for vanadium batteries. Demonstration of Lac Dore quality for VRB technology was confirmed through pilot plant production at SGS Lakefield in 2002.
Lac Dore vanadium project preliminary economic assessment
PEA completion schedule: Vanadiumcorp is pleased to announce its plans to publicly disclose PEA results and file a concurrent supporting NI 43-101 report 30 to 60 days from the effective date of this news release.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-07-14 16:06 ET - News Release
Mr. Adriaan Bakker reports
ENSCITECH INC. SIGNS PARTNERSHIP AGREEMENT WITH VANADIUM ELECTROLYTE PROCESS PARTNERSHIP
Vanadiumcorp Resource Inc. has executed a partnership agreement with EnSciTech Inc. through the Vanadium Electrolyte Process Partnership (VEPP). The objective of this partnership is to collaborate and explore the joint business opportunity of low-cost, near-term production of vanadium electrolyte. The primary focus of this agreement will look at the following components:
VE process technology development (pilot scale to full production);
Commercialization of efficient and environmentally friendly mineral extraction.
EnSciTech, located in Alberta, Canada, is working on clean initiatives within the oil sands industry. The primary purpose is to convert waste from the oil sands into battery materials for leading storage technologies. The process recovers secondary high-purity vanadium from oil sands, helping Canada to meet energy storage and renewable energy targets for North America. EnSciTEch is currently planning development of its vanadium electrolyte pilot plant, which would facilitate Alberta's climate change commitment by reducing wastes from the oil sands industry and transforming them into battery materials.
The company's chief executive officer, Adriaan Bakker, commented: "EnSciTech represents the possibility of near-term, low-cost production from an exclusive supply source. Combining processing technology with new supply could bring stable, secure-cost VE to the market for the first time."
The Vanadium Electrolyte Process Partnership is an independent alliance of vanadium developers collaborating to establish low-cost vanadium electrolyte solutions.
The importance of the role of vanadium in energy storage is growing dramatically. The announced VRFB installation in Dalian, China, is planned to reach 3,000 megawatt-hours. This currently represents the world's largest battery or energy storage system (ESS). Lithium technology is simply not capable of this scale and performance with the largest installation approximately 100 times smaller in mwh capacity.
Mr. Bakker, chief executive officer of Vanadiumcorp, stated: "Canada has an opportunity to become the world's leading supplier of battery materials for energy storage. Superseding China's production of battery raw materials would allow Canada's to fulfill its mandate with the Paris climate change commitment and the trilateral Canada-USA-Mexico agreement to reach 50-per-cent clean energy by 2025."
Vanadiumcorp is the only company planning to develop primary high-purity vanadium directly from source. Unlike conventional producers worldwide that must upgrade and convert from lower-quality vanadium oxide, the company's Lac Dore vanadium project mineralization already has the high-quality profile required for vanadium batteries. Demonstration of Lac Dore quality for VRB technology was confirmed through pilot plant production at SGS Lakefield in 2002.
Lac Dore vanadium project preliminary economic assessment
PEA completion schedule: Vanadiumcorp is pleased to announce its plans to publicly disclose PEA results and file a concurrent supporting NI 43-101 report 30 to 60 days from the effective date of this news release.
© 2016 Canjex Publishing Ltd. All rights reserved.
Vanadiumcorp Resource extends Lac Dore PEA timeline
2016-09-15 11:53 ET - News Release
Mr. Adriaan Bakker reports
CORPORATE UPDATE
Vanadiumcorp Resource Inc. has made several developments toward its objective of vanadium electrolyte production.
Lac Dore preliminary economic assessment (PEA)
Upon advice of IOS Geoscientifiques Inc., the planned timeline for completion of the PEA is being extended to incorporate additional processing considerations.
Enscitech waste ash vanadium electrolyte (WAVE) project
VanadiumCorp news is pending regarding this low-cost, near-term production project.
Societe du Plan Nord delegation
VanadiumCorp has accepted an exclusive invitation to join the Societe du Plan Nord delegation at Mines & Money Moneycas in Toronto from Sept. 26 to Sept. 28, 2016. Plan Nord was relaunched by the Quebec government in 2014 with a mandate to provide public and private investment of $50-billion over 20 years. Plan Nord's mandate is focused on projects located north of the 49th parallel of Quebec, Canada.
A new Vanitec energy storage committee (ESC) has been formed and will host its inaugural meeting during the 91st Vanitec Meeting in London, United Kingdom, from Oct. 11 to Oct. 12, 2016, which VanadiumCorp and its partners will attend. The new committee was formed recently by Vanitec coinciding with the world's largest battery in construction announced in Dalian, China, this year (vanadium technology). Vanitec sees the development of the vanadium redox battery as a key component of the future and wishes to bring together VRFB (vanadium redox flow battery) developers, electrolyte producers, suppliers and vanadium industry contacts. The focus of the ESC is to identify the future global vanadium demand, the quality required, and occupational health and safety guidelines surrounding electrolyte production and distribution. The ESC will report to the Vanitec market development committee and will oversee developments in the energy industry market for vanadium. Vanitec is a not-for-profit international organization whose objective is to promote the use of vanadium-bearing materials. Its members include all the world's major vanadium producers.
Vanadium Electrolyte Process Partnership (VEPP)
Partners include academia, energy storage companies, government organizations, vanadium industry professionals and independent contractors.
VanadiumCorp partnerships
Global energy company Schmid Energy GmbH, Enscitech and VanadiumCorp's leading North American vanadium battery partners are focused on development and integration of high-purity vanadium supply with proven VRFB technology. VanadiumCorp is working diligently with its partners with the common goal of developing stable, competitively priced vanadium electrolyte (VE) as there is no primary supply available worldwide.
Importance of vanadium
Vanadium's role in the growing energy storage is expected to increase dramatically in coming years. In 2016, large-scale deployments of VRFBs began across the globe, with many others being planned or under construction. Development of stable supply of high-purity vanadium is critical for this superior energy storage technology.
Global inventory of vanadium continues to decrease as demand continues to increase. The Largo-Glencore project in Brazil and the Rhovan-Glencore project in South Africa are the only vanadium mines left in production in the downturn of the steel industry. New vanadium supply is expected to supplement the traditional markets for vanadium as the requirements for high-quality steel continue to increase.
Vanadium redox batteries are emerging as the technology of choice for grid energy storage and renewable energy. VRFBs offer longer life cycle to competing technologies, scalability, superior safety, unlimited capacity and utilize 100-per-cent-reusable battery material.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-09-15 11:53 ET - News Release
Mr. Adriaan Bakker reports
CORPORATE UPDATE
Vanadiumcorp Resource Inc. has made several developments toward its objective of vanadium electrolyte production.
Lac Dore preliminary economic assessment (PEA)
Upon advice of IOS Geoscientifiques Inc., the planned timeline for completion of the PEA is being extended to incorporate additional processing considerations.
Enscitech waste ash vanadium electrolyte (WAVE) project
VanadiumCorp news is pending regarding this low-cost, near-term production project.
Societe du Plan Nord delegation
VanadiumCorp has accepted an exclusive invitation to join the Societe du Plan Nord delegation at Mines & Money Moneycas in Toronto from Sept. 26 to Sept. 28, 2016. Plan Nord was relaunched by the Quebec government in 2014 with a mandate to provide public and private investment of $50-billion over 20 years. Plan Nord's mandate is focused on projects located north of the 49th parallel of Quebec, Canada.
A new Vanitec energy storage committee (ESC) has been formed and will host its inaugural meeting during the 91st Vanitec Meeting in London, United Kingdom, from Oct. 11 to Oct. 12, 2016, which VanadiumCorp and its partners will attend. The new committee was formed recently by Vanitec coinciding with the world's largest battery in construction announced in Dalian, China, this year (vanadium technology). Vanitec sees the development of the vanadium redox battery as a key component of the future and wishes to bring together VRFB (vanadium redox flow battery) developers, electrolyte producers, suppliers and vanadium industry contacts. The focus of the ESC is to identify the future global vanadium demand, the quality required, and occupational health and safety guidelines surrounding electrolyte production and distribution. The ESC will report to the Vanitec market development committee and will oversee developments in the energy industry market for vanadium. Vanitec is a not-for-profit international organization whose objective is to promote the use of vanadium-bearing materials. Its members include all the world's major vanadium producers.
Vanadium Electrolyte Process Partnership (VEPP)
Partners include academia, energy storage companies, government organizations, vanadium industry professionals and independent contractors.
VanadiumCorp partnerships
Global energy company Schmid Energy GmbH, Enscitech and VanadiumCorp's leading North American vanadium battery partners are focused on development and integration of high-purity vanadium supply with proven VRFB technology. VanadiumCorp is working diligently with its partners with the common goal of developing stable, competitively priced vanadium electrolyte (VE) as there is no primary supply available worldwide.
Importance of vanadium
Vanadium's role in the growing energy storage is expected to increase dramatically in coming years. In 2016, large-scale deployments of VRFBs began across the globe, with many others being planned or under construction. Development of stable supply of high-purity vanadium is critical for this superior energy storage technology.
Global inventory of vanadium continues to decrease as demand continues to increase. The Largo-Glencore project in Brazil and the Rhovan-Glencore project in South Africa are the only vanadium mines left in production in the downturn of the steel industry. New vanadium supply is expected to supplement the traditional markets for vanadium as the requirements for high-quality steel continue to increase.
Vanadium redox batteries are emerging as the technology of choice for grid energy storage and renewable energy. VRFBs offer longer life cycle to competing technologies, scalability, superior safety, unlimited capacity and utilize 100-per-cent-reusable battery material.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
Denis Bouchard joins VanadiumCorp Advisory Board
VANCOUVER, BRITISH COLUMBIA - January 3, 2017 - Vanadiumcorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce that Mr. Denis Bouchard has joined the advisory board of VanadiumCorp. Mr. Bouchard's experience within the mining and steel sector is inclusive of both financial and political networks.
Mr. Bouchard currently works for Beauce Atlas, located in Sainte-Marie de Beauce, Quebec, which specializes in the fabrication and installation of structural steel in the commercial, industrial and institutional sectors. Beauce Atlas has operated for over 35 years establishing its name in the mining and industrial sectors. Beauce Atlas will be considered for budget pricing for the structural steel required aspects of the Company's intended vanadium electrolyte "VE", iron and titanium mine near Chibougamau, Quebec. These aspects include the magnetite crusher and concentrator. Beauce Atlas recently completed a data center in Quebec Canada with a ~$100M CAPEX for a European client that utilized ~6,000 tonnes of structural steel. This data center is equipped with a required large scale battery storage system for their computers.
Among many grid level applications, vanadium redox batteries (VRFB, VRB) are ideally suited for the growing demand of data centers for safe, reliable clean energy that never degrades. The surge in data center market growth is attributed to the increasing demand for clean energy to lower electricity consumption and carbon emissions. In 2015, the Americas dominated the data center market. The trend is expected to continue for new and existing data centers to incorporate renewable clean energy with energy storage solutions. Amazon recently announced Montreal, Quebec, Canada for their next data center. Google also announced it will power 100 percent of its data centers and offices in 2017 with renewable energy. Data centers represent a significant opportunity for VRFB technology.
Mr. Bouchard's work within the mining industry and the contacts he has developed will promote the Lac Dore Vanadium Project progress. Mr. Bouchard has both provincial and federal government contacts, as well as various financial institutions, pension funds, and para-governmental organizations. Mr. Bouchard has had a personal and serious interest in the Vanadium Deposit in Lac Dore stemming back to 1997 as a strategic initial investor in the project.
Adriaan Bakker, CEO of VanadiumCorp states, "Mr. Bouchard's professional background and personal interest for developing the Lac Dore project make him a strong addition to the VanadiumCorp Advisory board. The diversity of his background will enhance the current advisory team and continue to support the progress and development of Lac Dore as well as the Company's vision of becoming a primary producer of vanadium electrolyte"
VanadiumCorp and its global VRFB partners are developing a vertically integrated and direct "ground supply to VRFB technology" process flowsheet for it's 100% owned vanadium projects in Quebec, Canada. VanadiumCorp aims to disrupt the current supply chain with a direct environmentally friendly process. Distinguishing features of VanadiumCorp magnetite are low silica, low impurities and no superficial oxidation. Quality largely dictates purification cost of VE required by VRFBs. Lac Dore VE purity of 99.9% was previously demonstrated in 2002 pilot plant at SGS Lakefield, Ontario. Utilizing clean energy to produce 100% reusable battery material will be featured in the Company's pending preliminary economic assessment "PEA" on the Company's 100% owned Lac Dore Vanadium Project in Quebec, Canada.
Vanadium Redox Batteries (VRFB, VRB) are emerging as the technology of choice for grid energy storage and renewable energy. VRFBs offer longer life cycle to competing technologies, scalability, superior safety, unlimited capacity and utilize 100% reusable battery material. VE market macros indicate demand is outpacing limited supply.
FOR MORE INFORMATION, CONTACT:
Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485
VANCOUVER, BRITISH COLUMBIA - January 3, 2017 - Vanadiumcorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce that Mr. Denis Bouchard has joined the advisory board of VanadiumCorp. Mr. Bouchard's experience within the mining and steel sector is inclusive of both financial and political networks.
Mr. Bouchard currently works for Beauce Atlas, located in Sainte-Marie de Beauce, Quebec, which specializes in the fabrication and installation of structural steel in the commercial, industrial and institutional sectors. Beauce Atlas has operated for over 35 years establishing its name in the mining and industrial sectors. Beauce Atlas will be considered for budget pricing for the structural steel required aspects of the Company's intended vanadium electrolyte "VE", iron and titanium mine near Chibougamau, Quebec. These aspects include the magnetite crusher and concentrator. Beauce Atlas recently completed a data center in Quebec Canada with a ~$100M CAPEX for a European client that utilized ~6,000 tonnes of structural steel. This data center is equipped with a required large scale battery storage system for their computers.
Among many grid level applications, vanadium redox batteries (VRFB, VRB) are ideally suited for the growing demand of data centers for safe, reliable clean energy that never degrades. The surge in data center market growth is attributed to the increasing demand for clean energy to lower electricity consumption and carbon emissions. In 2015, the Americas dominated the data center market. The trend is expected to continue for new and existing data centers to incorporate renewable clean energy with energy storage solutions. Amazon recently announced Montreal, Quebec, Canada for their next data center. Google also announced it will power 100 percent of its data centers and offices in 2017 with renewable energy. Data centers represent a significant opportunity for VRFB technology.
Mr. Bouchard's work within the mining industry and the contacts he has developed will promote the Lac Dore Vanadium Project progress. Mr. Bouchard has both provincial and federal government contacts, as well as various financial institutions, pension funds, and para-governmental organizations. Mr. Bouchard has had a personal and serious interest in the Vanadium Deposit in Lac Dore stemming back to 1997 as a strategic initial investor in the project.
Adriaan Bakker, CEO of VanadiumCorp states, "Mr. Bouchard's professional background and personal interest for developing the Lac Dore project make him a strong addition to the VanadiumCorp Advisory board. The diversity of his background will enhance the current advisory team and continue to support the progress and development of Lac Dore as well as the Company's vision of becoming a primary producer of vanadium electrolyte"
VanadiumCorp and its global VRFB partners are developing a vertically integrated and direct "ground supply to VRFB technology" process flowsheet for it's 100% owned vanadium projects in Quebec, Canada. VanadiumCorp aims to disrupt the current supply chain with a direct environmentally friendly process. Distinguishing features of VanadiumCorp magnetite are low silica, low impurities and no superficial oxidation. Quality largely dictates purification cost of VE required by VRFBs. Lac Dore VE purity of 99.9% was previously demonstrated in 2002 pilot plant at SGS Lakefield, Ontario. Utilizing clean energy to produce 100% reusable battery material will be featured in the Company's pending preliminary economic assessment "PEA" on the Company's 100% owned Lac Dore Vanadium Project in Quebec, Canada.
Vanadium Redox Batteries (VRFB, VRB) are emerging as the technology of choice for grid energy storage and renewable energy. VRFBs offer longer life cycle to competing technologies, scalability, superior safety, unlimited capacity and utilize 100% reusable battery material. VE market macros indicate demand is outpacing limited supply.
FOR MORE INFORMATION, CONTACT:
Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485
Vertrag für die Herstellung von Vanadium Elektrolyt für die Vanadium-Redox-Flow-Battery:
http://www.vanadiumcorp.com/news/434-mou-with-electrochem-te…
http://www.vanadiumcorp.com/news/434-mou-with-electrochem-te…
Ich glaube, dass wir mit diesem Explorer Glück haben. Hier werden neue Prozesse für die Eisen- und Stahlindustrie entwickelt, bei denen Produkte, wie Eisen, Titan, Vanadium, Silicate und chemische Ableitungsprodukte elektrolytisch und ohne CO² erzeugt. Es scheint ganz gut voran zu gehen. Nicht nur die Herstellung ist ökologisch, sondern eins der Produkte ist auch noch interessant für die Stromspeicherung.
http://www.vanadiumcorp.com/news/803-recovery-of-vanadium-el…
http://www.vanadiumcorp.com/news/803-recovery-of-vanadium-el…
Revolutionärer als die stationären Energiespeicher
Tesla preist seine Batterien auch für stationäre Anwendungen an und kann bei kleineren Speichersystemen durchaus Erfolge vorweisen. Aber ist es revolutionär, Millionen von kleinen Lithiumzellen zusammenzupacken, um damit Windstrom zu speichern, wie es zuletzt vorgeschlagen wurde? Mir ist kürzlich eine Lösung ins Auge gefallen, die das Prädikat vielleicht eher verdient: Eine Tochter des Energieversorgers EWE treibt gerade ein Projekt namens „brine4power“ voran, dass eine gesamte Salzkaverne zu einer überwältigenden Riesenbatterie macht. Da gibt es keine einzelnen Zellen. Stattdessen werden einfach zwei getrennte großvolumige Kammern mit Speicherflüssigkeiten aufgefüllt. Diese werden dann an einer Membran vorbeigepumpt und so entweder aufgeladen oder entladen, je nachdem, wie sich gerade das Angebot an Windstrom und die Nachfrage aus dem Netz entwickelt. Dass man zudem noch kostengünstige und unproblematische Materialien gefunden hat, welche als Ladungsträger dienen, ist ein zusätzlicher dicker Vorteil. Der Nachteil ist natürlich, dass es längst nicht überall Salzkavernen oder vergleichbare Speicher gibt. Trotzdem zeigen etwa die im Container verpackten CellCubes von GILDEMEISTER energy solutions, einer Tochter von DMG Mori (WKN:587800), dass die sogenannte Redox-Flow-Technologie in verschiedenen Formen daherkommen kann.
Das Tesla Model 3 ist toll, aber hier sind 3 wirkliche Revolutionen | wallstreet-online.de - Vollständiger Artikel unter:
https://www.wallstreet-online.de/nachricht/9808806-tesla-mod…
Tesla preist seine Batterien auch für stationäre Anwendungen an und kann bei kleineren Speichersystemen durchaus Erfolge vorweisen. Aber ist es revolutionär, Millionen von kleinen Lithiumzellen zusammenzupacken, um damit Windstrom zu speichern, wie es zuletzt vorgeschlagen wurde? Mir ist kürzlich eine Lösung ins Auge gefallen, die das Prädikat vielleicht eher verdient: Eine Tochter des Energieversorgers EWE treibt gerade ein Projekt namens „brine4power“ voran, dass eine gesamte Salzkaverne zu einer überwältigenden Riesenbatterie macht. Da gibt es keine einzelnen Zellen. Stattdessen werden einfach zwei getrennte großvolumige Kammern mit Speicherflüssigkeiten aufgefüllt. Diese werden dann an einer Membran vorbeigepumpt und so entweder aufgeladen oder entladen, je nachdem, wie sich gerade das Angebot an Windstrom und die Nachfrage aus dem Netz entwickelt. Dass man zudem noch kostengünstige und unproblematische Materialien gefunden hat, welche als Ladungsträger dienen, ist ein zusätzlicher dicker Vorteil. Der Nachteil ist natürlich, dass es längst nicht überall Salzkavernen oder vergleichbare Speicher gibt. Trotzdem zeigen etwa die im Container verpackten CellCubes von GILDEMEISTER energy solutions, einer Tochter von DMG Mori (WKN:587800), dass die sogenannte Redox-Flow-Technologie in verschiedenen Formen daherkommen kann.
Das Tesla Model 3 ist toll, aber hier sind 3 wirkliche Revolutionen | wallstreet-online.de - Vollständiger Artikel unter:
https://www.wallstreet-online.de/nachricht/9808806-tesla-mod…
http://www.vanadiumcorp.com/news/blog/1296-vanadium-metal-to…
als Energiespeicher und Stahlverbesserung.
als Energiespeicher und Stahlverbesserung.
Antwort auf Beitrag Nr.: 56.664.686 von mickefett am 09.01.18 18:28:40Danke für Ihre Recherche.
Schauen Sie bitte auch mal auf Australium Vanadium WKN A2ABRH....
Diese Firma ist bereits sehr gut für diese Batterieform der Zukunft für stationäre Energiespeicher aufgestellt.
Schauen Sie bitte auch mal auf Australium Vanadium WKN A2ABRH....
Diese Firma ist bereits sehr gut für diese Batterieform der Zukunft für stationäre Energiespeicher aufgestellt.
!
Dieser Beitrag wurde von CommunitySupport moderiert. Grund: themenfremder Inhalt
Antwort auf Beitrag Nr.: 56.709.299 von donnerpower am 13.01.18 21:38:23Das ist ein anderer Verein, der noch Geld sammelt und bohrt. Ich denke, dass Vanadiumcorp. schon weiter ist.
Antwort auf Beitrag Nr.: 56.714.001 von mickefett am 14.01.18 21:44:49Vanadiumcorp Resource Inc
Symbol C : VRB
Shares Issued 223,888,798
Close 2018-01-16 C$ 0.115
Recent Sedar Documents
View Original Document
Vanadiumcorp, Electrochem sign deal for VTM process
2018-01-16 19:23 ET - News Release
Mr. Adriaan Bakker reports
VANADIUMCORP RESOURCE INC. AND ELECTROCHEM TECHNOLOGIES & MATERIALS INC. SIGN PARTNERSHIP AGREEMENT
Vanadiumcorp Resource Inc. has signed a partnership agreement further to the memorandum of understanding with Electrochem Technologies & Materials Inc., signed and announced Feb. 9, 2017. The partnership expands on successful collaboration that began in 2016 with the objective of commercial demonstration. The new chemical process represents a green and efficient alternative to current polluting and inefficient methods of processing utilized in the vanadium, steel, iron and energy storage industries.
Adriaan Bakker, chief executive officer of Vanadiumcorp, states: "The advantage of monetizing all three metals from VTM provides a distinct advantage for our 100-per-cent-owned VTM resources in Quebec and joint licensing opportunity of the technologies worldwide. Our collaboration with Electrochem first began by addressing the industry need for a better process method for vanadium electrolyte. Utilizing a custom reactor and combining technologies, phase II testing and trial production subsequently confirmed the ability to process magnetite regardless of origin and various feedstocks that many companies had considered waste until now."
Terms of the partnership agreement Include:
50/50 agreement on development and licensing of Vanadiumcorp-Electrochem chemical process technology;
Development partnership targeting North American demonstration, commercialization and scaled production plans relating to secured feedstock supply;
Development partnership targeting pilot plant demonstration, commercialization and scaled production applied to Vanadiumcorp's 100-per-cent-owned VTM resources;
Buyout provision.
Over 85 per cent of vanadium is produced from the same type of magnetite utilized in the global steel and iron industries. Current primary production of vanadium leaves behind an average of 99 per cent of VTM already concentrated at the mine as residual calcine waste. The patent-pending chemical process technology allows the dissolution of 95 per cent plus VTM directly into sulphuric acid with the separation of iron values as ferrous sulphate heptahydrate (copperas) along with titania and silica as byproducts. Then the utilization Electrochem's patented electrowinning process (Can. Pat. 2,717,887 C) allows the low-carbon-footprint production of pure electrolytic iron from the copperas recovered, while vanadium remains in the pregnant solution as vanadyl sulphate that can be separated and purified into electrolyte for energy storage.
The control and predominant usage of vanadium by the steel market create price volatility for vanadium oxide that remains the vanadium battery industry's largest challenge since 1985. Furthermore, the higher cost structure for electrolyte is attributed to the limited supply and impurities associated with conventional production of the oxides. Vanadiumcorp-Electrochem chemical process addresses these market challenges with following advantages:
Direct recovery into standard vanadyl sulphate solution that can be processed to meet any vanadium battery specification;
Most deleterious impurities are easily removed as the feedstocks are dissolved in solution;
Monetization of additional iron, titanium and silica values from vanadium-bearing feedstocks.
Collaboration from the signed MOU includes:
Successful demonstration of production of vanadium-rich pregnant solution (VE precursor), other specialty vanadium materials, electrolytic iron, titania and silica byproducts;
Completed development and integration of efficient and environmentally friendly chemical and electrochemical processing technologies, including the simultaneous removal of contaminant metals and the concurrent regeneration of chemicals;
U.S. provisional patents applications filed (U.S. 62/463,411 and U.S. 62/582,060);
Construction of custom-built reactor pilot with 300-kilogram-per-month nameplate capacity;
Semi-pilot circuit complete for utilizing the two integrated technologies in phase II trial production;
Preliminary carbon footprint comparison/advantages of the integrated technologies;
Schematic of new process disclosed publicly;
Successful prototype testing of 100-per-cent-owned Vanadiumcorp VTM;
Successful prototype testing of VTM from global companies;
Successful prototype testing of calcine, slags and residues from global companies;
General process and production development outline for the Lac Dore vanadium project disclosed in the company's preliminary economic study dated Dec. 28, 2017.
Vanadiumcorp Resource is developing and exploring licensing potential for an innovative, carbon-free process technology that unlocks a new strategic supply of vanadium and co-products such as titanium. Jointly developed and owned with Electrochem, this innovative chemical process allows for integrated and carbon-free recovery of critical metals needed on a global scale. Vanadiumcorp also holds a significant vanadium-titanium-iron-bearing resource base in mining-friendly Quebec, Canada.
Electrochem Technologies & Materials is a private Canadian corporation that invents, develops, patents, scales up and commercializes proprietary chemical, metallurgical and electrochemical technologies that are innovative and sustainable. Electrochem owns the exclusive rights for its patented iron electrowinning process worldwide. The company also manufactures electrolyzers and industrial electrodes, and produces tantalum and tungsten fine chemicals.
© 2018 Canjex Publishing Ltd. All rights reserved.
Symbol C : VRB
Shares Issued 223,888,798
Close 2018-01-16 C$ 0.115
Recent Sedar Documents
View Original Document
Vanadiumcorp, Electrochem sign deal for VTM process
2018-01-16 19:23 ET - News Release
Mr. Adriaan Bakker reports
VANADIUMCORP RESOURCE INC. AND ELECTROCHEM TECHNOLOGIES & MATERIALS INC. SIGN PARTNERSHIP AGREEMENT
Vanadiumcorp Resource Inc. has signed a partnership agreement further to the memorandum of understanding with Electrochem Technologies & Materials Inc., signed and announced Feb. 9, 2017. The partnership expands on successful collaboration that began in 2016 with the objective of commercial demonstration. The new chemical process represents a green and efficient alternative to current polluting and inefficient methods of processing utilized in the vanadium, steel, iron and energy storage industries.
Adriaan Bakker, chief executive officer of Vanadiumcorp, states: "The advantage of monetizing all three metals from VTM provides a distinct advantage for our 100-per-cent-owned VTM resources in Quebec and joint licensing opportunity of the technologies worldwide. Our collaboration with Electrochem first began by addressing the industry need for a better process method for vanadium electrolyte. Utilizing a custom reactor and combining technologies, phase II testing and trial production subsequently confirmed the ability to process magnetite regardless of origin and various feedstocks that many companies had considered waste until now."
Terms of the partnership agreement Include:
50/50 agreement on development and licensing of Vanadiumcorp-Electrochem chemical process technology;
Development partnership targeting North American demonstration, commercialization and scaled production plans relating to secured feedstock supply;
Development partnership targeting pilot plant demonstration, commercialization and scaled production applied to Vanadiumcorp's 100-per-cent-owned VTM resources;
Buyout provision.
Over 85 per cent of vanadium is produced from the same type of magnetite utilized in the global steel and iron industries. Current primary production of vanadium leaves behind an average of 99 per cent of VTM already concentrated at the mine as residual calcine waste. The patent-pending chemical process technology allows the dissolution of 95 per cent plus VTM directly into sulphuric acid with the separation of iron values as ferrous sulphate heptahydrate (copperas) along with titania and silica as byproducts. Then the utilization Electrochem's patented electrowinning process (Can. Pat. 2,717,887 C) allows the low-carbon-footprint production of pure electrolytic iron from the copperas recovered, while vanadium remains in the pregnant solution as vanadyl sulphate that can be separated and purified into electrolyte for energy storage.
The control and predominant usage of vanadium by the steel market create price volatility for vanadium oxide that remains the vanadium battery industry's largest challenge since 1985. Furthermore, the higher cost structure for electrolyte is attributed to the limited supply and impurities associated with conventional production of the oxides. Vanadiumcorp-Electrochem chemical process addresses these market challenges with following advantages:
Direct recovery into standard vanadyl sulphate solution that can be processed to meet any vanadium battery specification;
Most deleterious impurities are easily removed as the feedstocks are dissolved in solution;
Monetization of additional iron, titanium and silica values from vanadium-bearing feedstocks.
Collaboration from the signed MOU includes:
Successful demonstration of production of vanadium-rich pregnant solution (VE precursor), other specialty vanadium materials, electrolytic iron, titania and silica byproducts;
Completed development and integration of efficient and environmentally friendly chemical and electrochemical processing technologies, including the simultaneous removal of contaminant metals and the concurrent regeneration of chemicals;
U.S. provisional patents applications filed (U.S. 62/463,411 and U.S. 62/582,060);
Construction of custom-built reactor pilot with 300-kilogram-per-month nameplate capacity;
Semi-pilot circuit complete for utilizing the two integrated technologies in phase II trial production;
Preliminary carbon footprint comparison/advantages of the integrated technologies;
Schematic of new process disclosed publicly;
Successful prototype testing of 100-per-cent-owned Vanadiumcorp VTM;
Successful prototype testing of VTM from global companies;
Successful prototype testing of calcine, slags and residues from global companies;
General process and production development outline for the Lac Dore vanadium project disclosed in the company's preliminary economic study dated Dec. 28, 2017.
Vanadiumcorp Resource is developing and exploring licensing potential for an innovative, carbon-free process technology that unlocks a new strategic supply of vanadium and co-products such as titanium. Jointly developed and owned with Electrochem, this innovative chemical process allows for integrated and carbon-free recovery of critical metals needed on a global scale. Vanadiumcorp also holds a significant vanadium-titanium-iron-bearing resource base in mining-friendly Quebec, Canada.
Electrochem Technologies & Materials is a private Canadian corporation that invents, develops, patents, scales up and commercializes proprietary chemical, metallurgical and electrochemical technologies that are innovative and sustainable. Electrochem owns the exclusive rights for its patented iron electrowinning process worldwide. The company also manufactures electrolyzers and industrial electrodes, and produces tantalum and tungsten fine chemicals.
© 2018 Canjex Publishing Ltd. All rights reserved.
moin micke!
ist dir eigentlich bewusst, dass blackrock metals direkter nachbar ist und projekttechnisch offenbar einen oder mehrere schritte weiter zu sein scheint. wie siehst du als alter hase hier die chancen eines merger's/take overs zwischen den beiden?
ist dir eigentlich bewusst, dass blackrock metals direkter nachbar ist und projekttechnisch offenbar einen oder mehrere schritte weiter zu sein scheint. wie siehst du als alter hase hier die chancen eines merger's/take overs zwischen den beiden?
War es diese Meldung die den SP im letzten Jahr nach oben beförderte oder doch der Vanadiumpreis? Falls ersteres dann ist das aktuell extrem gute Marktumfeld für V2O5 anscheinend noch nicht wirklich eingepreist.
$10 million in support for the BlackRock Metals project : THE QUÉBEC MINING ASSOCIATION WELCOMES THE SUPPORT FOR THE BLACKROCK METALS PROJECT PROVIDED BY THE QUÉBEC GOVERNMENT
https://www.amq-inc.com/en/actualites/posts/10-million-in-su…
$10 million in support for the BlackRock Metals project : THE QUÉBEC MINING ASSOCIATION WELCOMES THE SUPPORT FOR THE BLACKROCK METALS PROJECT PROVIDED BY THE QUÉBEC GOVERNMENT
https://www.amq-inc.com/en/actualites/posts/10-million-in-su…
Gerade gelesen:
VANCOUVER , Jan. 30, 2018 /CNW/ - VanadiumCorp Resource Inc. (TSX-V "VRB") (the "Company") announces the Lac Dore PEA filed on SEDAR dated December 28 th, 2017 is currently under review by the BCSC to clarify disclosure pertaining to qualified persons and market data. As such, the current economic analysis and mineral resources are not supported by a compliant NI 43-101 technical report, contrary to NI 43-101, and that the estimates should not be relied on until they have been verified and supported by a technical report. The Company will amend and refile the PEA once further clarification is complete.
On behalf of the board:
Adriaan Bakker ,
President and Chief Executive Officer
VANCOUVER , Jan. 30, 2018 /CNW/ - VanadiumCorp Resource Inc. (TSX-V "VRB") (the "Company") announces the Lac Dore PEA filed on SEDAR dated December 28 th, 2017 is currently under review by the BCSC to clarify disclosure pertaining to qualified persons and market data. As such, the current economic analysis and mineral resources are not supported by a compliant NI 43-101 technical report, contrary to NI 43-101, and that the estimates should not be relied on until they have been verified and supported by a technical report. The Company will amend and refile the PEA once further clarification is complete.
On behalf of the board:
Adriaan Bakker ,
President and Chief Executive Officer
Antwort auf Beitrag Nr.: 56.871.242 von sir_krisowaritschko am 30.01.18 10:47:29Dass dort andere Ressourcen in der Gegend sind, war mir bewußt. Mit den vorhandenen Mitteln scheint mir VanadiumCorp allerdings besonders sparsam und effektiv umzugehen. Inzwischen hat man eine definierte ausbeutbare Ressource und Pläne für die Fabrikation von Vanadiumelektrolyt, wobei auch das im Erz enthaltene Eisen, Titan und Silicium einer wirtschaftlichen und umweltfreundlichen Verwendung zugeführt werden kann. Ich schätze, dass Blackrock wohl finanziell besser dasteht, aber VanadiumCorp ist in guter Position.
Antwort auf Beitrag Nr.: 56.871.734 von sir_krisowaritschko am 30.01.18 11:22:47Ich habe die Namensänderung für den Thread in "VanadiumCorp" beantragt.
Ich denke, dass der Markt für Vanadium groß genug ist, dass im Zweifelsfall beide Minen nebeneinander existieren.
Ich denke, dass der Markt für Vanadium groß genug ist, dass im Zweifelsfall beide Minen nebeneinander existieren.
Antwort auf Beitrag Nr.: 56.878.055 von MONSIEURCB am 30.01.18 19:43:32http://www.vanadiumcorp.com/news/releases/530-vanadiumcorp-a…
Ich meinte, dass hier eine NI43-101-Ressource in Lac Dore definiert worden sei. Scheint also, dass irgend jemand ein Haar in der Suppe gefunden hat.
Ich meinte, dass hier eine NI43-101-Ressource in Lac Dore definiert worden sei. Scheint also, dass irgend jemand ein Haar in der Suppe gefunden hat.
Antwort auf Beitrag Nr.: 60.349.171 von idua2017 am 13.04.19 18:09:54Mal schauen 2019 und 2020 werden interessante Monate werden
Antwort auf Beitrag Nr.: 60.349.183 von idua2017 am 13.04.19 18:13:08Natürlich Jahre
https://www.newswire.ca/news-releases/loi-signed-for-acquisi…
https://www.newswire.ca/news-releases/vanadiumcorp-announces…
es geht vorwärts, jetzt nur noch aufwärts...
https://www.newswire.ca/news-releases/vanadiumcorp-announces…
es geht vorwärts, jetzt nur noch aufwärts...
VanadiumCorp. will ein Entwicklungszentrum in Karlsruhe einrichten für die Zusammenarbeit mit möglichen Herstellern und Benutzern:
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVRB-2814…
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVRB-2814…
Schon wieder News! Ging gut hoch in Kanada gestern, wenn auch bei kleinem Volumen. Mal schauen, ob es dieses Jahr noch nachhaltig durch die 9 Cent geht...
https://www.wallstreet-online.de/nachricht/13270492-vanadium…
https://www.wallstreet-online.de/nachricht/13270492-vanadium…
Antwort auf Beitrag Nr.: 66.067.123 von brettonwoods am 15.12.20 07:39:34Wenn das klappt bin ich mit diesem Investment wieder im grünen Bereich.
Hallo in die Runde.
Weiß zufällig jemand warum in Deutschland keine Kurse bzw. Aktien angeboten werden?
Weiß zufällig jemand warum in Deutschland keine Kurse bzw. Aktien angeboten werden?
Vanadium = sehr interessant
Moin Leute. Suche aktuell nach einem schönen Vanadium Wert für mein Depot und bin zwangsläufig hier drauf gestoßen.
Kann mir jemand einen Einblick geben wie der aktuelle Stand ist? Natürlich hat mich die Handelsaussetzung erst einmal grundsätzlich abgeschreckt.
Ansonsten liest sich das hier sehr interessant und zukunftsträchtig.
Moin Leute. Suche aktuell nach einem schönen Vanadium Wert für mein Depot und bin zwangsläufig hier drauf gestoßen.
Kann mir jemand einen Einblick geben wie der aktuelle Stand ist? Natürlich hat mich die Handelsaussetzung erst einmal grundsätzlich abgeschreckt.
Ansonsten liest sich das hier sehr interessant und zukunftsträchtig.
Antwort auf Beitrag Nr.: 71.268.555 von Maxiiimizer am 04.04.22 06:06:00Am besten, du schaust dich erst mal auf der Homepage https://www.vanadiumcorp.com/ um. Die Leute haben zwei interessante Vanadiumvorkommen, aber noch keinen Minenbetrieb. Dafür haben sie ein umweltfreundlicheres Verfahren, das sie gerne selbst einsetzen würden und auch anderen anbieten, um Vanadium bzw. Vanadiumpentoxyd aus dem Erz zu gewinnen und daneben auch Titan, Eisen und Silizium. Das Verfahren ist patentiert. Große Hoffnung wird auf die Herstellung des Elektrolyts für Vanadium Redox Flow Batterie.
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