Voyager Metals Inc (TSXV: VONE) has announced the filing on SEDAR of a NI 43-101 Technical Report and Mineral Resource Estimate for its Mont Sorcier Project, Quebec, Canada. The new mineral resource update was completed by InnovExplo, an independent engineering firm located in Quebec, Canada and has an effective date of June 9, 2022.
Overall, the Indicated Resources have increased by 565Mt, primarily in the projects North Zone, while total mineral resources have increased by 15% by drilling deeper in the North Zone relative to the previously released MRE report, issued in June 2021. As announced on June 9, 2022, the updated mineral resource incorporates results from the company’s 2021 infill drill programme which was designed to upgrade sufficient Inferred Resources in the North Zone to the Indicated category in support of a future Bankable Feasibility Study, which Voyager expects to be completed by Q1 2023.
The 2021 infill drill programme consisted of 42 holes or 15,178m. The MRE has defined an Indicated Mineral Resource in the North Zone of 559Mt grading 28.2% magnetite and 0.21% V2O5, with an additional 470Mt grading 26.4% magnetite and 0.18% V2O5 in the Inferred category up from 809Mt of Inferred Resources in the prior Mineral Resources Estimate. This represents a total mineral resource tonnage increase of 31% in the North Zone. Total Indicated Resources for both the North Zone and the South Zone are now estimated at 679Mt grading 27.7% magnetite and 0.20% V2O5, with the potential to produce 195Mt of magnetite concentrate grading at least 65% Fe and 0.52% vanadium pentoxide (V2O5). Total Inferred Resources for both the North Zone and the South Zone are now estimated at 547Mt grading 26.1% magnetite and 0.17% V2O5, with the potential to produce 148Mt of magnetite concentrate grading at least 65% Fe and 0.52% vanadium pentoxide (V2O5).
