Velox Defines Second Exploration Target at the North Queensland Vanadium Project, Australia
Velox Defines Second Exploration Target at the North Queensland Vanadium Project, Australia
TORONTO, ON / ACCESSWIRE / May 14, 2024 / Velox Energy Materials Inc. (TSXV:VLX) ("Velox" or the "Company") is pleased to report the review and definition of a drill-defined Exploration Target for the Runnymede area in the central tenement area of the North Queensland Vanadium Project ("NQVP") situated within the "Vanadium Hub", approximately 370 km west of the port of Townsville, Queensland, Australia (Figure 1).
安大略省多倫多/ACCESSWIRE/2024年5月14日/Velox Energy Materials Inc.(多倫多證券交易所股票代碼:VLX)(“Velox” 或 “公司”)欣然報告對位於向西約370公里處的北昆士蘭釩項目(“NQVP”)中央礦區Runnymede地區的鑽探定義勘探目標的審查和定義澳大利亞昆士蘭州湯斯維爾港(圖 1)。
The Runnymede Exploration Target is located approximately 66 km north-west of the township of Richmond and currently measures approximately 4.3 km in length and 3.5 km in width, with an average thickness of 10.70m and an average depth of 3.6m (Figure 2). The Exploration Target remains open to the northwest and north. The Exploration Target was calculated using validated historical drillhole data and hosts a target of 144.30 million tonnes up to 216.46 million tonnes, with an average grade ranging from 0.22 to 0.33 per cent (%) vanadium pentoxide (V2O5) and 147 to 220.8 ppm molybdenum trioxide (MoO3) utilizing a 0.12% V2O5 cut-off (Table 1). The potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource at the Runnymede area and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Runnymede勘探目標位於里士滿鎮西北約66公里處,目前長約4.3千米,寬度約3.5公里,平均厚度爲10.70米,平均深度爲3.6米(圖2)。勘探目標仍然向西北和北部開放。勘探目標是使用經過驗證的歷史鑽孔數據計算得出的,目標爲1.443億噸至2.1646億噸,平均品位介於0.22%至0.33%(%)的五氧化二釩(V)之間2O5) 和 147 到 220.8 ppm 的三氧化二鉬 (MoO)3) 使用 0.12% V2O5 截止日期(表 1)。T潛在數量和等級本質上是概念性的。沒有足夠的勘探來確定Runnymede地區的礦產資源,並且不確定進一步的勘探是否會導致目標被劃定爲礦產資源。
Velox's President and CEO, Simon Coyle, commented:
Velox總裁兼首席執行官西蒙·科伊爾評論說:
"We have already proven there are significant mineral resources in the Cambridge Deposit, and we are currently progressing through the first stages of our metallurgical testwork from large diameter core drilling completed in September 20231. The new Runnymede Exploration Target adds significant upside potential to the existing Flinders River Exploration Target announced on 13 March 2023. This demonstrates the substantial unexplored potential within the 1,246 km2 near surface, oxidised Toolebuc Formation of the NQVP package. It is worth noting that we are also considering other areas covered by historical drilling to expand our Exploration Target inventory.
“我們已經證明劍橋礦牀中有大量的礦產資源,我們目前正在完成從2023年9月完成的大直徑岩心鑽探開始的冶金測試工作的第一階段1。新的Runnymede勘探目標爲2023年3月13日宣佈的現有弗林德斯河勘探目標增加了巨大的上行潛力。這表明了1,246公里內巨大的未開發潛力2 NQVP 封裝在表面附近,氧化的 Toolebuc 形成。值得注意的是,我們還在考慮歷史鑽探涵蓋的其他區域,以擴大我們的勘探目標庫存。
Vanadium redox flow batteries will soon begin to play an integral role in supporting power grids and bridging the gap of reliable alternative sources of energy. We believe that the NQV Project presents a massive opportunity to make our mark in the ever-evolving battery and energy materials markets."
釩氧化還原液流電池將很快開始在支持電網和彌合可靠替代能源的差距方面發揮不可或缺的作用。我們認爲,NQV項目爲我們在不斷變化的電池和能源材料市場留下自己的印記提供了巨大的機會。”
Table 1- Runnymede Exploration Target Tonnes and Grades
表 1-Runnymede 勘探目標噸位和品位
Volume (m3) |
Tonnes |
V2O5 (%) |
MoO3 (ppm) |
|||||
Minimum |
Maximum |
Minimum |
Maximum |
Minimum |
Maximum |
Cut-off |
Minimum |
Maximum |
80,170,000 |
120,250,000 |
144,310,000 |
216,460,000 |
0.22 |
0.33 |
0.12 |
147.2 |
220.8 |
體積 (m)3) |
噸 |
V2O5 (%) |
MoO3 (ppm) |
|||||
最低限度 |
最大值 |
最低限度 |
最大值 |
最低限度 |
最大值 |
截止 |
最低限度 |
最大值 |
80,170,000 |
120,250,000 |
144,310,000 |
216,460,000 |
0.22 |
0.33 |
0.12 |
147.2 |
220.8 |
Notes:
注意事項:
The potential quantity and grade presented represent an Exploration Target and are conceptual in nature. There has been insufficient exploration to define a mineral resource at the Runnymede area and it is uncertain if future exploration will result in a target being delineated as a mineral resource. The Target has not been evaluated for reasonable prospects for future economic extraction. Metallurgical work is ongoing and future drill programs are planned for the NQVP.
提出的潛在數量和等級代表勘探目標,本質上是概念性的。由於勘探不足,無法確定Runnymede地區的礦產資源,而且不確定未來的勘探是否會導致目標被劃定爲礦產資源。尚未對該目標進行評估,以確定未來經濟開採的合理前景。冶金工作正在進行中,並計劃爲NQVP進行未來的鑽探計劃。
For the conceptual estimate, the range of elemental V2O5 is provided by multiplying the mean volume, density and vanadium concentration of the Runnymede area Exploration Target by +/- 20%.
對於概念估計,元素 V 的範圍2O5 是通過將 Runnymede 區域勘探目標的平均體積、密度和釩濃度乘以 +/-20% 來提供的。
- Molybdenum was treated as a by-product of Vanadium.
- Volume and tonnes have been rounded to the nearest 10,000 and grade rounded to two decimal places.
- 鉬被視爲釩的副產品。
- 體積和噸位已四捨五入到最接近的 10,000,等級四捨五入到小數點後兩位。
The Exploration Target is based upon a mineralization horizon that was constructed utilizing the results of a 14-hole historic aircore (AC) drill program totaling 320m. The drill program was completed in 2006-2007 by Intermin2 and intersected anomalous vanadium mineralization in the coquina-shale horizons of the Toolebuc Formation. The Toolebuc Formation is a flat-lying, early Cretaceous (Albian ~100 Ma) sedimentary package that consists predominantly of black carbonaceous and bituminous shale and minor siltstone, with limestone lenses and coquinites (mixed limestone and clays). The exploration target was defined based on 20 aircore drillholes situated within NQVP tenement EPM 26490, with the results from 14 holes being used for the calculation. Section by section geological and mineralization interpretation at a 0.12% V2O5 lower cut-off was conducted, and the shapes were block modelled and estimated for V2O5. The mineralisation solid was intersected by a total of 14 drill holes, which have been sampled by 1m samples in their entirety. The mineralization solids contain a total of 150 sampled intervals representing 150m of sample drillhole chips. For the conceptual estimate, the range of elemental V2O5 is provided by multiplying the mean volume, density and vanadium concentration of the Runnymede area Exploration Target by +/- 20%.
勘探目標基於礦化地平線,該礦化地平線是利用總長 320 米的 14 孔歷史空心 (AC) 鑽探計劃的結果構建的。演習計劃由 Intermin 於 2006-2007 年完成2 並在 Toolebuc 組的 coquina-shale 地平線上碰到了異常的釩礦化。Toolebuc Formation 是一個平坦的早期白堊紀(Albian ~100 Ma)沉積群,主要由黑色碳質和瀝青頁岩以及少量粉砂岩組成,還有石灰石透鏡和煤灰巖(混合石灰石和粘土)。勘探目標是根據位於NQVP物業單位EPM 26490內的20個空心鑽孔定義的,其中14個鑽孔的結果用於計算。在 0.12% V 條件下逐段解讀地質和礦化作用2O5 進行了下限截止值,並對形狀進行了方塊建模和估計2O5。礦化固體與總共14個鑽孔相交,這些鑽孔已被100萬個樣本全部採樣。礦化固體共包含 150 個採樣間隔,代表 150 米的樣品鑽孔碎片。對於概念估計,元素 V 的範圍2O5 是通過將 Runnymede 區域勘探目標的平均體積、密度和釩濃度乘以 +/-20% 來提供的。
The Runnymede Exploration Target is situated 25km north-west of the Company's flagship Cambridge Deposit. The Cambridge Deposit is hosted within the Toolebuc Formation, which is reported to be flat-lying and occurring from 1m below the surface.
Runnymede勘探目標位於該公司旗艦劍橋礦牀西北25公里處。劍橋礦牀位於圖勒布克地層內,據報道,該地層平坦,位於地表以下1米處。
Velox has undertaken drilling at the Cambridge Deposit, however has not yet completed any drilling at the Runnymede Exploration Target area. In preparation of the calculation of the Exploration Target, Mr. Nicholls reviewed Intermin Resources Ltd.'s annual technical report and drillhole database. The AC samples were submitted to SGS in Townsville, Queensland, for preparation and shipped to SGS in Perth, Western Australia for analysis. Analysis comprised ICPMS for Ag (ppm) and Mo (ppm), and using ICP Optical Emission Spectrometry for Al (%), Ca (%), Cu (ppm), Mn (ppm), Na (%),P (ppm), S (ppm),Ti (%), V (ppm), and Zn (ppm).
Velox已在劍橋礦牀進行了鑽探,但尚未在Runnymede勘探目標區域完成任何鑽探。在準備勘探目標的計算時,尼科爾斯先生回顧了Intermin Resources Ltd.的年度技術報告和鑽孔數據庫。空調樣品已提交給昆士蘭州湯斯維爾的SGS進行製備,並運往西澳大利亞州珀斯的SGS進行分析。分析包括對銀(ppm)和鉬(ppm)的ICPMS,以及對鋁(%)、鈣(%)、銅(ppm)、錳(ppm)、鈉(%)、磷(ppm)、鈉(%)、P(ppm)、S(ppm)、鈦(%)、V(ppm)和鋅(ppm)(ppm)的分析。
NQVP Resources and Exploration Target Summary
NQVP 資源和勘探目標摘要
Cambridge Deposit3
劍橋存款3
Table 2 - Cambridge Mineral Resource Estimate for the NQVP at 0.25 % Vanadium Cut-Off Grade
表 2-NQVP 在 0.25% 釩臨界品位下的劍橋礦產資源估計
Cut-Off |
Classification |
Ore Tonnes (Mt) |
V2O5 |
V2O5 |
MoO3 |
MoO3 (ppm) |
0.25 |
Indicated |
61.33 |
210,300 |
0.34 |
14,600 |
234.6 |
Inferred |
144.87 |
483,400 |
0.33 |
35,500 |
241.9 |
截止 |
分類 |
礦石噸 (Mt) |
V2O5 |
V2O5 |
MoO3 |
MoO3 (ppm) |
0.25 |
已指明 |
61.33 |
210,300 |
0.34 |
14,600 |
234.6 |
推斷 |
144.87 |
483,400 |
0.33 |
35,500 |
241.9 |
Notes:
注意事項:
- Indicated and Inferred Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resources tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing or other relevant issues. The mineral resources have been classified according to the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resources and Mineral Reserves (May 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (2019).
- The Mineral Resource Estimate is constrained in an LG pit optimization utilizing V2O5 at $USD 7.5/lb, Mining at $AUD 2.86/tonne, Processing and G&A at $AUD 7.86/tonne, pit slopes at 35o.
- Differences may occur in totals due to rounding.
- Tonnage estimates are based on a bulk density of 1.8 g/cm3.
- 指示和推斷的礦產資源不是礦產儲量。非礦產儲備的礦產資源沒有顯示出經濟可行性。勘探尚不足,無法將上表所推斷的資源定義爲指示或可測的礦產資源,但是,可以合理地預計,通過繼續勘探,大多數推斷礦產資源可以升級爲指示礦產資源。無法保證此處討論的礦產資源的任何部分將來都會轉化爲礦產儲量。礦產資源的估算可能會受到環境、許可、法律、營銷或其他相關問題的重大影響。礦產資源是根據加拿大礦業協會(CIM)的《礦產資源和礦產儲量定義標準》(2014年5月)和《CIM礦產資源和礦產儲量估算最佳實踐指南》(2019年)對礦產資源進行分類的。
- 在利用 V 的 LG 礦坑優化中,礦產資源估算受到限制2O5 每磅7.5美元,採礦價格爲每噸2.86澳元,加工和併購價格爲每噸7.86澳元,礦山坡度爲35美元o。
- 由於四捨五入,總數可能會出現差異。
- 噸位估算基於 1.8 g/cm 的體積密度3。
Mr. Mike Dufresne, P.Geol., P.Geo. and Mr. Steven Nicholls, M.AIG of APEX Geoscience Ltd. ("APEX"), who are deemed a qualified person as defined by NI 43-101 is responsible for the completion of the updated mineral resource estimation.
P.Geol.、P.Geol. Mike Dufresne先生和APEX Geoscience Ltd.(“APEX”)AIG總經理Steven Nicholls先生被視爲NI 43-101定義的合格人員,負責完成最新的礦產資源估算。
Flinders River Exploration Target4
弗林德斯河探索目標4
Table 3 - Flinders River Exploration Target*** Tonnes and Grades
表 3-弗林德斯河勘探目標*** 噸位和品位
Volume (m3) |
Tonnes |
V2O5 (%) |
MoO3 (ppm) |
|||||
Minimum |
Maximum |
Minimum |
Maximum |
Minimum |
Maximum |
Cut-off |
Minimum |
Maximum |
78,990,000 |
118,480,000 |
142,170,000 |
213,260,000 |
0.22 |
0.33 |
0.12 |
192 |
288 |
體積 (m)3) |
噸 |
V2O5 (%) |
MoO3 (ppm) |
|||||
最低限度 |
最大值 |
最低限度 |
最大值 |
最低限度 |
最大值 |
截止 |
最低限度 |
最大值 |
78,990,000 |
118,480,000 |
142,170,000 |
213,260,000 |
0.22 |
0.33 |
0.12 |
192 |
288 |
*The potential quantity and grade presented represent an Exploration Target and are conceptual in nature. There has been insufficient exploration to define a mineral resource at Flinders River and it is uncertain if future exploration will result in a target being delineated as a mineral resource. The Target has not been evaluated for reasonable prospects for future economic extraction. Metallurgical work is ongoing and future drill programs are planned for the NQVP.
*提出的潛在數量和等級代表勘探目標,本質上是概念性的。沒有足夠的勘探來確定弗林德斯河的礦產資源,而且不確定未來的勘探是否會導致目標被劃定爲礦產資源。尚未對該目標進行評估,以確定未來經濟開採的合理前景。冶金工作正在進行中,並計劃爲NQVP進行未來的鑽探計劃。
** For the conceptual estimate, the range of elemental V2O5 is provided by multiplying the mean volume, density and vanadium concentration of the Flinders River Exploration Target by +/- 20%.
***Molybdenum was treated as a by-product of Vanadium.
****Volume and Tonnes have been rounded to the nearest 10,000 and grade rounded to two decimal places.
** 對於概念估計,元素 V 的範圍2O5 是通過將弗林德斯河勘探目標的平均體積、密度和釩濃度乘以 +/-20% 來提供的。
***鉬被視爲釩的副產品。
****體積和噸位已四捨五入到最接近的 10,000,等級四捨五入到小數點後兩位。
1 TSX-V Currie Rose Completes Drilling Program and Commences Environmental Studies at the North Queensland Vanadium Project in Australia, 27th September 2023
1 TSX-V Currie Rose 完成鑽探計劃並開始對澳大利亞北昆士蘭釩項目進行環境研究,2023 年 9 月 27 日
2 Intermin Resources - Annual Report EPM15869 Dec 2006 to Dec 2007
2 Intermin Resources-2006 年 12 月至 2007 年 12 月年度報告 EPM15869
3 TSX-V - Currie Rose Announces Updated Mineral Resource Estimate at its North Queensland Vanadium Project 1 November 2022
3 TSX-V-Currie Rose 於 2022 年 11 月 1 日宣佈其北昆士蘭釩項目的最新礦產資源估算
4 TSX-V - Flinders River-Exploration Target-13-3-23
4 TSX-V-弗林德斯河探索目標-13-3-23
About Velox Energy Materials
關於 Velox 能源材料
Velox Energy Materials is a publicly traded energy materials company developing and progressing high-value assets in resource and research-friendly jurisdictions. The Company's priority focus is the advanced NQV Project in Queensland, Australia. The NQV Project hosts the Cambridge Deposit with a CIM compliant Indicated Mineral Resource of 61.33 Mt @ 0.34% V2O5 and 234.6 ppm MoO3 along with an Inferred Mineral Resource of 144.87 Mt @ 0.33% V2O5 (cut-off grade of 0.25% V2O5) and 241.9 ppm MoO3 (Dufresne et al., 2022). The Company is targeting shallow, high-grade mineralization that can be developed using low-cost mining and processing options.
Velox Energy Materials是一家上市的能源材料公司,在資源和研究友好型司法管轄區開發和開發高價值資產。該公司的優先重點是澳大利亞昆士蘭州先進的NQV項目。NQV 項目託管劍橋礦牀,其指示礦產資源爲 6133 萬噸 @ 0.34% V2O5 還有 234.6 ppm MoO3 以及推斷的礦產資源量爲144.87萬噸 @ 0.33% V2O5 (截止等級爲 0.25% V2O5) 和 241.9 ppm MoO3 (Dufresne等人,2022年)。該公司的目標是淺層、高品位的礦化區,可以使用低成本的採礦和加工方案進行開發。
The Company additionally owns Kotai Energy and the option to acquire 100% of the intellectual property rights associated with the Solid-State Hydrogen Storage Project from Curtin University in Western Australia. Kotai is focused on the commercialisation of technology that can produce high-pressure hydrogen following transport as an inert powder.
該公司還擁有Kotai Energy,並有權從西澳大利亞州科廷大學收購與固態氫氣儲存項目相關的100%的知識產權。Kotai專注於技術的商業化,該技術可以在作爲惰性粉末運輸後產生高壓氫氣。
In October 2023, the Company acquired a package of tenements that are prospective for lithium in eastern Quebec.
2023 年 10 月,該公司收購了魁北克東部一攬子有望開採鋰礦的礦權。
The Indicated Resource of 61.33 Mt @ 0.34% V2O5 and an Inferred Resource of 144.87 Mt @ 0.33% V2O5 for the Cambridge Deposit was announced in November 2022 (see Currie Rose news release dated November 1, 2022 and the Technical Report by Dufresne et al., 2022).
劍橋礦牀的指示資源量爲6133萬噸 @ 0.34% 的V2O5資源和1.447億噸 @ 0.33% 的V2O5的推斷資源量於2022年11月公佈(參見2022年11月1日的Currie Rose新聞稿和Dufresne等人的技術報告,2022年)。
Please visit our website at for further information.
請訪問我們的網站以獲取更多信息。
Approved by the Board of Velox Energy Materials Inc.
已獲得 Velox 能源材料公司董事會的批准
Simon Coyle
President & CEO
+1 416-214-7577
西蒙·科伊爾
總裁兼首席執行官
+1 416-214-7577
Investor Relations Contact
投資者關係聯繫人
Andrew Rowell
Investor Relations - Australia
M: +61 400 466 226
Email: andrew@whitenoisecomms.com
安德魯·羅威爾
投資者關係-澳大利亞
M: +61 400 466 226
電子郵件:andrew@whitenoisecomms.com
Qualified Persons
合格人員
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., and Steven Nicholls, BA.Sc., M. AIG., both qualified persons as defined by National Instrument 43-101. Mr. Nicholls conducted the most recent property visit in October 2023, compiled the mineralized domains for the mineral resource estimation of the Cambridge Deposit, and calculated the Runnymede area Exploration Target.
本新聞稿的技術內容已由美國國家儀器43-101所定義的合格人士、P.Geol. M.Geol. M.Geol. 的邁克爾·杜弗雷斯和Ba.Sc. Steven Nicholls的審查和批准,他們都是美國國家儀器43-101所定義的合格人員。尼科爾斯先生於2023年10月進行了最近一次地產訪問,爲劍橋礦牀的礦產資源估算編制了礦化區域,並計算了Runnymede區域的勘探目標。
Forward Looking Statements
前瞻性陳述
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.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. Statements about the closing of the transaction, expected terms of the transaction, the number of securities of Velox Energy Materials that may be issued in connection with the transaction, and the parties' ability to satisfy closing conditions and receive necessary approvals are all forward-looking information. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
本新聞稿可能包含前瞻性陳述,這些陳述基於公司對其業務和運營經濟環境的預期、估計和預測。關於交易結束、預期交易條款、可能發行的與交易相關的Velox Energy Materials證券數量以及雙方滿足成交條件和獲得必要批准的能力的聲明均爲前瞻性信息。這些陳述不能保證未來的表現,涉及難以控制或預測的風險和不確定性。因此,實際結果和結果可能與這些前瞻性陳述中表達的結果和結果存在重大差異,讀者不應過分依賴此類陳述。聲明僅代表其發表之日,除非法律另有要求,否則公司沒有義務公開更新聲明以反映新信息或未來事件或情況的發生。
SOURCE: Velox Energy Materials Inc.
來源:Velox 能源材料公司