Diese Seite verwendet Cookies. Durch die Nutzung unserer Seite erklären Sie sich damit einverstanden, dass wir Cookies setzen. Mehr erfahren
In Ihrem Webbrowser ist JavaScript deaktiviert. Um alle Funktionen dieser Website nutzen zu können, muss JavaScript aktiviert sein.
Suche
 

Vior and Iluka Commence Drilling on Selected Targets at Foothills, St-Urbain, Quebec

14.11.2017  |  Marketwired

QUEBEC CITY, QUEBEC--(Marketwired - Nov 14, 2017) - SOCIÉTÉ D'EXPLORATION MINIÈRE Vior Inc. (TSX VENTURE:VIO)(FRANKFURT:VL51) ("Vior"), in partnership with ILUKA EXPLORATION (CANADA) LTD., a wholly-owned subsidiary of Iluka Resources Ltd. (ASX:ILU) ("Iluka") - is pleased to announce that it has commenced an exploration drilling program consisting of 4 holes totaling 1,200 metres on specific geophysical and geological targets identified on its Foothills Property, located near St-Urbain, 100 km east of Quebec City.

The Foothills project is comprised of 840 map-designated claims over 473 square-kilometers covered by the St-Urbain and the Lac Malbaie Anorthositic Complexes where kilometric trains of rutile-rich ilmenite blocks and fragments were identified. Ilmenite blocks which contain visually significant amounts of rutile minerals have returned assays containing titanium dioxide (TiO2) values ranging from 42.1% to 57.6%, with an average of 52.5%. Many extensive titanium showings were discovered by field prospecting in areas bordering magnetic anomalies generated from the helicopter-borne high-resolution magnetic survey completed during the winter of 2015 and 2016.

The current drilling program on Foothills will be testing coinciding magnetic and gravimetric targets within the St-Urbain anorthosite only, one of the drill targets is characterized by the presence of a cluster of massive ilmenite showings in its vicinity. Additional exploration drilling is also planned on Foothills for 2018.

Ground gravity

An 80-line-kilometer ground gravity survey is underway in the western part of the Foothills Project within the Lac Malbaie Anorthositic Complex. This sector is characterized by the presence of rutile-rich ilmenite blocks oriented along a glacial train. The gravity method is a major exploration tool for delineating the signature of massive ilmenite mineralization in anorthositic rocks. The gravity anomalies will be followed up during the field season of 2018.

Pursuant to the terms of the Option Agreement between Vior and Iluka (as amended), Iluka has now met its obligation to fund the initial expenditure amount of $500,000. Accordingly, Iluka now has the right to at any time initiate the unincorporated Joint Venture with Vior where the parties' initial participating interests will be Iluka 51% and Vior 49%. At the time Iluka elects to initiate the Joint Venture, Iluka will also take a 51% registered interest in the exploration claims that are the subject of the Option Agreement. Iluka may earn an additional 39% interest in the Project by funding additional exploration expenditures of $2,200,000 before March 8th, 2019.

In the industry, most of rutile and ilmenite is processed into non-toxic white titanium dioxide pigment for use in the manufacture of paints, plastics, paper, textiles, cosmetics and ceramics. Rutile is also used to produce titanium metal for use in aircraft, spacecraft, surgical implants, motor vehicles and desalination plants (source: Geoscience Australia website).

About Vior

Vior is a junior company whose corporate strategy is to generate, explore, and develop quality projects in the best proven and accessible mining regions. Through the years, Vior's management and technical team has demonstrated its ability to discover numerous gold deposits and other mineral prospects on its properties.

The technical content disclosed in this press release was prepared and approved by Mr. Marc L'Heureux, P.Geo., who is the Company's Qualified Person as per NI 43-101.

Website: www.vior.ca

SEDAR: Société d'exploration minière Vior Inc.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

Vior Inc.
Mark Fedosiewich
President and CEO
613-898-5052
mfedosiewich@vior.ca
Vior Inc.
Marc L'Heureux
Vice-president, Exploration
450-746-1771
mlheureux@vior.ca
www.vior.ca


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Minenprofile
"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"
In Ausübung dieses Rechtes wird allen Behörden, insbesondere Ämtern, juristischen Personen öffentlichen Rechts,
in dieser Weise beliehenen Personen und Anstalten öffentlichen Rechts der Zutritt zu unseren Netzseiten verboten!"

Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2017.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!