Velox Energy Materials Inc. [TSXV-VLX], formerly Currie Rose Resources, reported drilling results from its phase 1 diamond drill program at the company’s flagship Cambridge vanadium deposit on its 100%-owned North Queensland vanadium project (NQVP), located in Queensland, Australia.
Assay results received are very encouraging, with the mineralized zone identified at shallow depths, uniform thicknesses throughout the drilled area and consistent grades across the drilled area.
Results include Hole NQVP23_008 that returned 4.7 metres of 0.44% V2O5 from 8.6 metres (0.30% V2O5 cut-off), including 1.1 metres of 0.84% V2O5 from 10.5 metres. Hole NQVP23_005 returned 5.4 metres of 0.41% V2O5 from 19.5 metres (0.30% V2O5 cut-off), including 0.8 metres at 0.77% V2O5 from 12.9 metres.
Hole NQVP23_004 returned 4.7 metres of 0.47% V2O5 from 9.5 metres (0.30% V2O5 cut-off), including 1.1 metres of 0.72% V2O5 from 20.5 metres. The mineralized zone at a cut-off grade of 0.30% V2O5 is typically 4.2 metres thick at 0.41% V2O5.
Drilling indicates a laterally continuous high-grading layer within the mineralized zone, with V2O5 grades commonly exceeding 0.60% V2O5 over a 1.5-metre thick interval.
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