Sandstone shaping up as major vanadium play for Surefire
Date: Sep 14, 2018
ASX listed vanadium small cap, Surefire Resources, has hit the ground running at its Unaly Hill project, near Sandstone in the Murchison region of W.A.
The company has completed a single, deep, large diameter diamond drill hole targeting the three main bands of vanadium-rich titanomagnetite mineralisation at the property.
The drill core was obtained primarily for metallurgical test work and returned significant widths of the mineralisation, including 40.5 metres grading 0.36% vanadium pentoxide from 108.65m down-hole and 69.5m @ 0.42% vanadium pentoxide from 182.5m down hole.
The third ore horizon intersected a serious looking 50.8m zone going 0.55% vanadium pentoxide from 298.2m downhole, including a super impressive 9 metre high-grade section grading 0.89% vanadium pentoxide from 306m.
All three ore zones contain significant quantities of titanium oxide and iron, which can potentially be recovered into a magnetic concentrate and sold in their own right.
These grades are in line with the nearby Windimurra vanadium mine, owned by Atlantic Vanadium who boasts a remaining mineral resource of 235 million tonnes grading 0.49% vanadium pentoxide and is presently on care and maintenance.
Surefire is currently planning a comprehensive RC drilling campaign, which will infill and expand previous exploration work and advance the project towards a maiden JORC-compliant mineral resource estimate.
This will allow a high-level economic evaluation to be completed for the project.
