#ASXNews
Velox Defines Second Exploration Target at the North Queensland Vanadium Project, Australia
Velox Energy Materials is pleased to report the review and definition of a drill-defined Exploration Target for the Runnymede area in the central tenement area of the North Queensland #Vanadium Project situated within the “Vanadium Hub”, approximately 370 km west of the port of Townsville, Queensland, Australia.
The Runnymede #Exploration Target is located approximately 66 km north-west of the township of Richmond and currently measures approximately 4.3 km in length and 3.5 km in width, with an average thickness of 10.70m and an average depth of 3.6m. The Exploration Target remains open to the northwest and north.
#VLX’s President and CEO, Simon Coyle, commented:
“We have already proven there are significant mineral resources in the Cambridge Deposit, and we are currently progressing through the first stages of our metallurgical testwork from large diameter core #drilling completed in September 2023. The new Runnymede Exploration Target adds significant upside potential to the existing Flinders River Exploration Target announced on 13 March 2023. This demonstrates the substantial unexplored potential within the 1,246 km2 near surface, oxidised Toolebuc Formation of the NQVP package. It is worth noting that we are also considering other areas covered by historical drilling to expand our Exploration Target inventory.”
See the full announcement: https://loom.ly/75guR7s
#VeloxEnergyMaterials #MiningNews #TSXV