The Flinders River Exploration Target currently measures approximately 5.7 km in length and 3.9 km in width, with an average thickness of 5.2 m and an average depth of 10 m. The Exploration Target remains open to the northwest, east and southeast. The Exploration Target was calculated using validated historical data and hosts a target of 142,170,000 tonnes up to 213,260,000 tonnes, with an average grade ranging from 0.22 to 0.33 per cent (%) vanadium pentoxide (V2O5) and 192 to 288 ppm molybdenum trioxide (MoO3) utilizing a 0.12% V2O5 cut-off. The potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource at
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 Exploration Target is based upon a mineralization horizon that was constructed utilizing the results of a 14-hole historic aircore (AC) drill program totalling 414 m. The drill program was completed in 2020 by CGM Lithium and intersected anomalous vanadium mineralization in the coquina horizon 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). Thirteen of the drillholes are situated within NQVP tenement EPM 26866. 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 mineralization solid was intersected by a total of 11 drill holes, which have been sampled by 1 m samples in their entirety. The mineralization solids contain a total of 57 sampled intervals representing 57 m of sample drill hole chips. 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%.
The Flinders River Exploration Target is situated immediately to the east of
Currie Rose has not yet conducted any drilling at the NQVP. In preparation of the calculation of the Exploration Target,
About the
Preliminary metallurgical testwork on composited drill samples from the Cambridge Deposit is currently underway. Currie Rose is planning an infill diamond drill program of large diameter core holes at the Cambridge Deposit in order to conduct a larger bulk metallurgical sampling program and move toward a process flow sheet appropriate for Preliminary Economic Assessment. In addition to the metallurgical studies, drill holes will be:
Geotechnically logged for pit design
Assayed for inclusion in an updated resource estimate
Monitored for water information
In addition, an in-fill aircore drill program is planned for the
Relevant clearances and approvals are underway and further updates will be released when available.
About
Currie Rose is a publicly traded battery metals explorer and developer focused on identifying high-value assets in mining-friendly jurisdictions. The Company's immediate focus is the advanced
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Tel: 905-688-9115
Email: info@currierose.com
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