is V the new Li ?10 Aug 2022 10:20
https://www.canadianminingjournal.com/featured-article/is-v-the-new-li/
Vanadium exploration in Canada
There is a huge potential for vanadium exploration in Canada. The table shows all current 23 Canadian vanadium properties that are in different development stages. The projects are scattered across Canada from coast to coast to coast with a special emphasis on the provinces of Newfoundland, Quebec, Ontario, and British Columbia. After Quebec, Ontario comes second with five surface projects. Vanadium production from most of those properties would occur as a by-product of gold, iron, titanium, and sometimes uranium mining.
Only seven properties are exclusively explored for vanadium, three of which are in British Columbia, one in Newfoundland, one in Ontario, one in Manitoba, and the last one is in the Northwest Territories. The latter “Valley of Vanadium” (also called “Dempster Valley of vanadium project” by the new owners) was originally 100% owned by Strategic Metals.
Early in 2019, Corcel plc (LSE: CRCL) exercised an option to acquire a 50% interest in the Dempster project that was first announced on Dec. 6, 2018.
The project includes 196 claims covering almost 41 km2 with up to a 20 km potential strike.
An exploration program started at the site in August 2020 to increase the understanding of the geology at the site and to produce drill targets for 2021.
According to Corcel’s website, the entire property lies alongside the Dempster Highway, some 65 km north of the Eagle River Lodge, in the northern Yukon. The area already has the infrastructure, including highways, and access to ports and logistics.
This project aims to identify and exploit vanadium in black shales, a potentially ideal source of material for the battery metal markets.
Previous work on the property was focused primarily on nickel, and it was from the seven existing drill holes dating back to 2006 that vanadium results were initially identified at 0.26% V2O5 in roadcut. Soil, silt, and rock sampling outlined broad zones of anomalous vanadium. All those findings, along with possible government investment matching, lead Corcel to identify the Valley of Vanadium as a low-cost, blue-sky exploration.
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