Australian Vanadium Ltd
Australian Vanadium Ltd (ASX:AVL), formally known as Yellow Rock Resources, is focussed on vanadium at its flagship Gabanintha project in Western Australia.
See more information about Australian Vanadium Ltd
Yellow Rock Resources strikes highest vanadium grades ever at Gabanintha
Yellow Rock Resources (ASX:YRR) has intersected the highest vanadium grades of up to 2.2% V2O5 at its Gabanintha Project near Meekatharra, Western Australia, pointing the way for a resource upgrade.
A resource estimation update is underway along with metallurgical testing as the project advances towards feasibility studies.
The diamond drilling confirmed Gabanintha's status as one of the highest-grade projects being advanced globally with assays from the 8 drillholes confirming the presence of robust widths of the high grade vanadium magnetite layer seen throughout reverse circulation drilling.
This includes up to 14 metres at 1.44% V2O5 from 131 metres including 7 metres at 1.76% from 135 metres in GDH913.
In addition, the top intersection of 2.2% V2O5 exceeds the highest grade previously seen at the project of 1 metre at 2.15% V2O5.
The updated resource estimate is expected before the end of the September Quarter.
Analysis
The combined diamond and reverse circulation results from the 2015 programs at Gabanintha point strongly to a resource which is comparable to other world class deposits currently in production or in development elsewhere in the world.
Other Australian Vanadium Ltd news
- Australian Vanadium钻探证实了同名项目中的高品位块状磁铁矿层
2019-11-29 - Australian Vanadium完成了同名项目的针对资源升级的钻探计划
2019-11-29 - Australian Vanadium签署期权协议，在西澳大利亚杰拉尔顿附近设立加工厂
2019-10-29 - Australian Vanadium从澳大利亚政府获得了25万澳元的退税
2019-10-17 - Australian Vanadium向维多利亚州的一家奶牛场出售钒还原液流电池
2019-10-17
