Voyager Metals Inc (TSXV: VONE) has provided assay results for its final six of 42 holes totalling 15,178m from a 2021 infill drill programme, at its Mont Sorcier iron and vanadium project, Chibougamau, Quebec.
Cliff Hale-Sanders, President, and CEO commented “With the delivery of the final assay results from a very successful infill drill programme, we expect to provide an updated resource report in Q2 to act as the backbone for the feasibility study that is now underway. These results continue to confirm our expectations in terms of grade and thickness of the mineralized zone, and we are confident in upgrading a significant portion of the North Zone to the Measured and Indicated categories to support the pending feasibility study”.
The goal of Voyager’s 2021 infill drilling programme has been to upgrade a sufficient portion of the current North Zone Inferred mineral resources to the Measured and Indicated categories to support a minimum 20-year mine life as the basis for an upcoming feasibility study. The current NI 43-101 mineral resource estimate of the Mont Sorcier Project includes 809.1Mt Inferred at 34.2% magnetite within the North Zone and 113.5Mt Indicated at 30.9% magnetite, plus 144Mt Inferred 24.9% magnetite within the South Zone.
According to the company, visual examination and magnetic testing of the latest 6 drill cores continues to support an intersection of mineralized material as predicted by a block model completed in 2020. Davis Tube Test work, which is currently in progress, is expected to confirm concentrate grades for both iron and vanadium.
On the back of the infill drilling programme, Voyager plans to present an updated NI 43-101 resource report in early Q2/22 to support the feasibility study.
Table 1 above presents assay results for the final 6 drill holes. The table includes assay results for hole 47 which was drilled at surface directly into iron mineralization from the crest of the Mont Sorcier Mountain. Holes 52 to 56 reported are located deeper in the middle of the target area of the programme in the North Zone. The length of intersections in the iron formation averages 179.5m and grades average 29.3% magnetite (Fe3O4).
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