EMC Metals Receives a National Instrument 43-101 Technical Report and
Resource Estimation for the Carlin Vanadium Project, Nevada
TSX: EMC
VANCOUVER, May 6 /CNW/ - EMC Metals Corp. (TSX: EMC) is pleased to announce the receipt of a Canadian National Instrument 43-101 (NI 43-101) compliant technical report and resource estimation for the Carlin Vanadium Project, located approximately 40 km south of Elko, Nevada, USA.
The Carlin Vanadium Project consists of 72 unpatented mineral claims covering ~578 ha, located along the western flank of the Pinon Range within the headwaters of Cole Creek. The property is accessible year round via highway 278 and the Cole Creek Road from the town of Carlin, Nevada.
EMC Metals Corp. Chief Executive Officer, Mr. George Putnam, states, "We are very pleased to add this NI 43-101 compliant resource estimation to EMC Metal's portfolio of NI 43-101 compliant specialty metals projects, including the recently announced NI 43-101 compliant scandium resource at the Nyngan Gilgai Project in Australia and NI 43-101 compliant tungsten resources at both the Springer Project in Nevada and at Fostung in Ontario, Canada."
A Technical Report titled "NI 43-101 Technical Report on Resources, EMC Metals Corp., Carlin Vanadium Project. Carlin, Nevada", prepared by SRK Consulting US in 2010, will be filed on SEDAR within 45 days. The technical report outlines a NI 43-101 compliant Inferred Resource of 25.4 million tonnes grading 0.515% V2O5 for a total of 289 million lbs of total contained V2O5, see table below.
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Carlin Vanadium Project NI43-101 Resource Estimation
Stryhas (2010) of SRK Consulting
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Resource Cut-off Total Grade Contained V2O5
Category V2O5 (%) (tonnes) V2O5 (%) (lbs)
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Inferred 0.30 25,400,000 0.515 289,000,000
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Notes: This resource estimation was prepared in compliance with the "Best
Practices and Reporting Guidelines" set out by CIM and National
Instruments 43-10. It was taken from NI 43-101 Technical Report on
Resources, EMC Metals Corp. Carlin Vanadium Project, Carlin, Nevada
written by Bart Stryhas from SRK Consulting in 2010 for EMC Metals Corp.
The resource estimation was calculated using a drillhole database,
compiled by EMC Metals verified by SRK and, containing information from
152 drillholes totaling 11,135m (36,525ft). The drillhole depths range
from approximately 6m (20ft) to 150m (500ft) with an average of 73m
(240ft). The resource estimation was made using an Inverse Distance
Weighting Squared interpolation method (ID2). The resource is confined
within a 0.1% V2O5 grade shell constructed by generating cross-section
polygon outlines at nominal 200ft spacing. A weighted average density of
2.34g/cm3 was used for the mineralized lithologies. The resource was
estimated as short tons and then converted to metric tons for this press
release.
The Carlin Vanadium Deposit was discovered in the 1960s by Union Carbide Corp. (UCC) when significantly anomalous vanadium was found in samples collected by UCC Geologists (Galli, 1968, Morgan, 1968). During 1967 and 1968 Union Carbide conducted exploration work including geological mapping, ~15,000 feet of trenching, and ~36,500 feet of drilling in 112 holes outlining a zone of vanadium mineralization within the current claim boundary.
At the Carlin Project, the vanadium mineralization is hosted within 15 m (50 ft) thick horizon of black shales within the Devonian Woodruff Formation, which consists of dark grey to black siliceous mudstones, and chert with lesser amounts of shale, siltstone, dolomitic siltstone, and calcareous sandstone. The Woodruff formation is unconformably overlain by shallow dipping Permian-Pennsylvanian siltstones, shales, conglomerates, and carbonates of the Chainman and Diamond Peak Formations.
Historical metallurgical test work from the Carlin Vanadium Project, completed by the U.S. Department of Mines (Brooks and Potter, 1974), showed that up to 69% of the vanadium could be recovered from weathered dolomitic shales containing 1% V2O5, while preliminary test work on fresh black shales show similar recoveries using a salt roast and acid leaching. EMC Metals is currently working on metallurgical processes to refine the recovery of V2O5 from the Carlin Vanadium Project shales. Future work programs are being developed for the Carlin Vanadium Project, including definition and infill drilling and detailed metallurgical work.
The following tables outline EMC Metal's current NI 43-101 resource estimations for the 4 key projects:
Tungsten
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Total Contained
Property Resource Cut-off Tonnes Grade WO3 Reference
Ownership Category WO3 (%) (tonnes) WO3 (%) (lbs)
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Springer Measured - - - - Stryhas and
Project More (2007)
100% EMC Indicated 0.3 274,000 0.619 3,392,000 SRK
Metals Consulting
Nevada, Total M+I 0.3 274,000 0.619 3,392,000
USA Inferred 0.3 1,097,000 0.562 12,330,000
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Fostung Measured - - - - Stryhas and
Project More (2007)
100% EMC Indicated - - - - SRK
Metals Consulting
Ontario, Total M+I - - - -
Canada Inferred 0.125 12,400,000 0.213 58,000,000
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Scandium
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Total Contained
Property Resource Cut-off Tonnes Grade Sc Reference
Category Sc (ppm) (tonnes) Sc (ppm) (lbs)
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Nyngan Measured 100 2,718,000 274 1,638,000 Pursell et
Gilgai al. (2009)
Project
50/50 Indicated 100 9,294,000 258 5,275,000 Jervois
Joint Mining Ltd.
Venture
New South Total M+I 100 12,012,000 261 6,897,000
Wales,
Australia Inferred - - - -
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Vanadium
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Contained
Property Resource Cut-off Total Grade V2O5 (%) Reference
Category V2O5 (%) (tonnes) V205 (%) (lbs)
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Carlin Measured - - - - Stryhas
Project (2010)
100% EMC Indicated - - - - SRK
Metals Consulting
Nevada, Total M+I - - - -
USA Inferred 0.3 25,400,000 0.515 289,000,000
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Technical information in this news release has been reviewed by Gilles R.
Dessureau, M.Sc. P.Geo, a Qualified Person for the purposes of National
Instrument 43-101. Mr. Dessureau is a Professional Geologist employed with EMC
Metals Corp.
About EMC Metals
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EMC Metals is focused on sustainable growth through the development and application of technology for specialty and exotic metal projects. Through successful business developments, EMC intends to utilize its in-house and patented technologies to further its efforts in maximizing opportunities in a number of specialty metals including the Nyngan Scandium Joint Venture with Jervois Mining Ltd. of Melbourne, Australia while also planning for future opportunities from its Carlin Vanadium Project, Fostung Tungsten Project and Springer Tungsten Facility, which has a fully permitted 1,200 tpd milling facility.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and EMC's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, EMC assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
For further information: EMC Metals Corp. Investor Relations: (604) 648-4653 or [email protected]
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