Vancouver-based Victory Metals has expanded its landholdings at the Iron Point vanadium project to 5,382 hectares due to the results from recent reverse circulation drilling. The property is about 35 km from Winnemucca.
The results from the final 17 RC holes continued to expand the extent of vanadium mineralization. Here are some of the highlights:
21 meters grading 0.43% vanadium pentoxide, including 4 meters grading 0.60% in VM-25i;26 meters grading 0.35% vanadium pentoxide, including 3 meters grading 0.61% in VM-41;18 meters grading 0.39% vanadium pentoxide in VM-58; and27 meters grading 0.46% vanadium pentoxide in VM-60.Victory Metals said the latest drill results are consistent with a pair of flat lying high grade horizons - the Upper High Grade and New High Grade zones. These zones occur in a larger low grade envelope that starts at the surface and extends to at least 175 metres.
(This article first appeared in the Canadian Mining Journal)