🕐20.10.14 - 15:27 Uhr
VANADIUMCORP QUARTERLY UPDATE
TSX-V: "VRB"
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VanadiumCorp Quarterly Update
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Dear Shareholders and friends,
As the resource calculation for the Lac Dore Project is on track and nearing completion,
we would like to provide an update of objectives anticipated in the next quarter
and a development summary from the last quarter.
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The Lac Dore resource calculation is now in its final stage of completion at Géotic
Inc.
and expected Q4, 2014
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VanadiumCorp management conducted a site visit at Lac Dore included the commencement
of a field program that includes sampling, survey work and historic exploration
compilation.
For pictures and video click here...
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Meetings with Quebec government funds, the mayor of Chibougamau and various representatives
of the community.
It is evident in establishing good community relations that the
project is well received by the mining community of Chibougamau.
The last of unpaid
invoices from former management have also been paid with thanks to local contractors
for their patience.
*
Quebec expansion and construction of the Federal port and rail spur relating to
the Blackrock project nearing completion in Saguenay.
Click here for photos...
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The President & CEO and CFO will be presenting the company at the 87th Vanitec Meeting
in London, England on the 22nd & 23rd of October, 2014.
www.vanitec.org
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VanadiumCorp will be exhibiting at the Québec Mines 2014 show in Quebec City, November
17th-20th 2014.
The theme of the conference this year is appropriately titled "Mineral
Resources to Transform the World" Click here for conference information...
Summary of Q3, 2014
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Site visit to Lac Dore project preparing for field program For pictures and video
click here...
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2014 International Vanadium Symposium and Vanadium Expert Forum was a success.
Video
presentations will be available in coming weeks including the market outlook for
Vanadium presented by Terry Perles.
click here for videos...
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$1M financing complete click here for news release...
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SIDEX Field Program financing complete click here for news release...
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Vanadium Investment News has initiated coverage click here for more info...
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Claim Expansion complete click here for news release...
Adriaan Bakker, CEO of the Company, states "Development is on track advancing our
Vanadium projects toward our target of becoming a key supplier of high purity Vanadium
products.
Vanadium is an exciting commodity with a strong market outlook and potential
to completely transform our world."
About Chibougamau
Since 1953, the Chibougamau Mining District, which includes the Chapais Mining Camp,
the Chibougamau Mining Camp and the Desmaraisville sector, has developed quickly
and about thirty mines were in operation producing more than 74 million tonnes
of ore giving 1.3 million tonnes of copper, 133 tonnes of gold, 700 tonnes of silver,
115,000 tonnes of zinc and 4,400 tonnes of lead.
The central mining town of Chibougamau
has a population of over 7,500 people which includes generations of miners that
represent an available work force.
The entire Chibougamau Mining District has no
current producing mine.
Historically, it was the most important producer of copper on Eastern Canada, from
1960 to 1972.
Today, the Chibougamau Mining District is pinning hopes on mining
companies like VanadiumCorp and Blackrock to succeed to production.
The region has
excellent geological potential to discover the next mines of the Québec Province.
The potential of Vanadium beneficiation at the Lac Dore project site would lower
infrastructure cost and create significant value and sustained local and provincial
employment beyond the construction phase.
The potential for multiple high purity
Vanadium product could mean the creation of new industries to the direct benefit
of the province of Quebec and all of North America.
To the south of the Chibougamau Lake and directly adjacent to the VanadiumCorp Lac
Dore project, private company Blackrock Metals Inc.
is partnered with offtake deals
from China and the middle east to build an iron and titanium open pit mine ($600M
investment) that was targeting construction by the end of 2014.
This is adjacent
to the former Lemoine Mine that was once a rich producer of base metals and platinum
group metals.
The Quebec government has committed significant capital to build rail,
power and the Federal Port located at Saguenay.
Their objective is to ship magnetite
(Iron) concentrate to China.
Click here to see photos of
infrastructure construction...
About VanadiumCorp
VanadiumCorp is a rapidly growing strategic metals company with projects in Quebec,
Canada.
VanadiumCorp has a vision to be the first 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.
This
project encompasses the Lac Dore deposit that is subject to over $20M of completed
work, a completed NI 43-101 report and is directly adjacent to a projected $600M
CAPEX development.
The Lac Dore deposit has the potential supply and scale for
North America to make vanadium-strengthened steel and vanadium batteries, a reality
for years to come.
VanadiumCorp is targeting production of metallurgical grade Vanadium
Pentoxide as well as high purity Vanadium chemicals for the battery industry.
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 Lac
Dore Project, coupled with the Companys Iron-T Vanadium-Titanium-Iron Project
positions VanadiumCorp at the forefront of global Vanadium exploration and development.
VanadiumCorps experienced management and technical teams are dedicated to project
development and building shareholder value.
Website: www.vanadiumcorp.com
Follow the companys developments:
Twitter: VanadiumCorp
Facebook: Vanadiumcorp
Copyright@ VanadiumCorp Resource Inc.
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For More Information Contact:
Tim Halyk
Business Development
Direct 604.385.4489
EM: [mailto:]
Skype: VanadiumCorp
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