Date:Apr 24, 2018
Protean Energy (ASX:POW) today announced that a 3D geological modelling program — stage 1 p-XRF testing — of the Daejon vanadium deposit in Korea will be completed within days, paving the way for an interim Mineral Resource in the second quarter of 2018.
Notably, modelling to date has identified an additional black shale horizon that potentially could host additional vanadium mineralisation.
Back in January 2018, POW completed an orientation program which proved the viability of using p-XRF assay methods in informing a JORC 2012 vanadium Resource at the Daejon project. POW then secured access to conduct non-destructive testing of the 36,000 metres of historical core held by the Korean Institute of Geosciences (KIGAM) and commenced testing.
Stage 1 p-XRF is testing of 42 high priority holes totalling 2344m of mineralised core approaching completion. After Stage 1 data collection is complete, POW will commence a Stage 2 p-XRF sampling program.
Stage 2 will test of 35 holes totalling 2315m of mineralised core and will commence once stage 1 is complete. One Stage 2 is completed, the planned final Mineral Resource update will be available in the third quarter of 2018.
