CellCube Energy Storage Provides Independent Report on the Surge in Vanadium Prices

TORONTO, October 22, 2018 /PRNewswire/ --

CellCube Energy Storage Systems Inc. ("CellCube" or the "Company") (CSE: CUBE) (OTCQB: CECBF) (Frankfurt 01X) is pleased to report the following independent article that has been prepared by Mining.com - a leading digital publication covering the global mining sector.

CellCube owns a 100% interest in the Bisoni Mackay and Bisoni Rio vanadium properties, located in Nye and Eureka Counties, Nevada. The properties are set to spin out November 30, 2018 to a newly formed company V23 Resource Corp. (see news release dated June 28, 2018).

The properties consist of 201 contiguous lode mining claims (approximately 1,680 hectares). With Only 12 per cent of the Bisoni McKay area has been adequately drilled tested to date, and none of the Bisoni Rio. This has already resulted in the estimation of a National Instrument 43-101 indicated resource of 11.9 million tons at an average grade of 0.39 per cent vanadium pentoxide (V2O5), and an inferred resource of 7.0 million tons at an average grade of 0.42 per cent V2O5 (see Company news release dated September 13, 2016).

The effective date of the Mineral Resource estimate is August 29, 2016. The estimates were based on data from 15 reverse circulation drill holes and 3 diamond drill holes.  A cut-off grade of 0.20% V2O5 was applied. Using Vulcan software, block grades were estimated using the inverse distance squared method applied to 100x100x100 ft blocks, with 10x10x10m sub-blocks. A density factor of 0.077 tons/ft3 was used. There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.

The indicated resource is contained in a zone approximately 300 metres in strike length, while the inferred resource covers approximately an additional 200 m of strike length extending to the south. The mineralized zone appears to be open at depth, as well as along strike, and is interpreted to extend to the north into the Bisoni-Rio property. In 2017, CellCube staked 162 claims on the Bisoni-Rio property from the Bisoni McKay right up to and abutting the Gibellini vanadium property. (see Company news release dated June 28, 2018).