Date: Feb 1, 2019
Canada’s First Vanadium (TSX-V: FVAN) is extending its Nevada-based Carlin project, considered the largest, highest grade primary vanadium deposit in North America, by acquiring the southern extension of the asset.
The strategic move, announced Thursday, gives the company mineral rights to an additional 200-metre strike length of Carlin.
Six vertical holes drilled by Union Carbide in the 1960’s on the adjacent ground, known as Cole Creek, showed a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67m to 28.96m (average 18.54m; 60.8ft) and grades ranging from 0.37% to 0.82% V2O5 (average 0.57% V2O5), the company said.
The news comes at a time of high prices for silvery-grey metal, used to harden steel and in the making of so-called flow batteries, which are long-lasting, durable and can hold large amounts of energy.
