{"id":1116995,"date":"2019-05-20T22:37:09","date_gmt":"2019-05-20T22:37:09","guid":{"rendered":"http:\/\/www.mining.com\/?p=988461"},"modified":"2019-05-20T22:37:09","modified_gmt":"2019-05-20T22:37:09","slug":"victory-metals-big-vanadium-find","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1116995","title":{"rendered":"Victory Metals\u2019 big vanadium find"},"content":{"rendered":"

Vancouver-based Victory Metals (TSX-V:VMX) has big ambitions for its flagship Nevada vanadium project, Iron Point, based on a recent expansion to 5,382 hectares, drill results,<\/a> and a $3.6 million private placement.<\/p>\n

Vanadium, used in the steel industry as a strengthening agent, and listed as a strategic metal, is in the midst of a bull market, due to Chinese steel demand and the advent of Vanadium Redox Batteries (VRB), used for grid storage capabilities.<\/p>\n

Based on exploration results, Victory Metals\u2019 CEO Collin Kettell told MINING.com, \u201cWe’ve essentially established what looks to be the largest vanadium footprint in the United States.\u201d<\/p>\n

Iron Point is located on Nevada\u2019s Battle Mountain trend, and was originally explored for gold back in 1966 and 1996, by Newmont and Ore Resources, respectively.<\/p>\n

The project is 80 kilometres (about 50 miles) from the Carlin trend, which holds what is considered to be the largest, highest grade vanadium deposit in North America. Iron Point is located about 50 miles from the Carlin trend, which holds what is considered to be the largest, highest grade vanadium deposit in North America<\/q><\/p>\n

Analysis for other metals, including vanadium was run on Iron Point, Kettell said. \u201cVanadium at the time was priced very low, and the demand was also low, so that’s why they dismissed the vanadium value.\u201d<\/p>\n

Kettell, who is also CEO of Victory shareholder Casino Gold, said that last year, Casino had some interests in the Iron Point project to look at further gold exploration.<\/p>\n

\u201cAnd that is when we looked at the historical data and realized the presence of vanadium. At the same time, the vanadium market was rallying over 500%.\u201d<\/p>\n

In July 2018, Casino sampled a number of historical trenches that exposed mineralization over a 230m length. Casino’s best trench returned 0.86% V2O5 over 29m of continuous cut, with individual 1.5m samples ranging from 0.31% to 1.51% V2O5.<\/p>\n

To date, Victory Metals has drilled 8,400 metres on the project.<\/p>\n

\u201cWe\u2019re about to start the phase 2 drilling,\u201d Kettell said. \u201cThat will take about three months. Once that\u2019s done, we\u2019ll have almost 20,000 metres of drilling done.\u201d<\/p>\n

Kettell said once drilling is complete, Victory Metals will be in a position \u201cto be able to put together a prefeasibility study (PFS) quite quickly.\u201d<\/p>\n

\u201cEarly indication is that we can use simple sulphuric leach with a couple of other factors to get this potentially over 90% recovery, so that\u2019s going to be very low cost. That\u2019s what makes me most excited about the project,\u201d Kettell said.<\/p>\n

On Monday afternoon, Victory Metals\u2019 stock was trading at 69 Canadian cents on the TSX. The company has a C$58.6 million market capitalization.<\/p>\n

The post Victory Metals\u2019 big vanadium find<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

To date, Victory Metals has drilled 8,400 metres on the Iron Point project in Nevada. <\/p>\n

The post Victory Metals’ big vanadium find<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[404,369,428,410,2317],"tags":[82],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116995"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1116995"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116995\/revisions"}],"predecessor-version":[{"id":1117172,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116995\/revisions\/1117172"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1116995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1116995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1116995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}