Date:Apr 25, 2018

Protean Energy has identified an additional black shale horizon at the Daejon vanadium deposit in Korea.

Protean Energy (ASX: POW) has identified an additional black shale horizon that potentially could host additional vanadium mineralisation from the 3D geological modelling program aEUR” stage 1 p-XRF testing aEUR” of the Daejon vanadium deposit in Korea.

The program will be completed within days, paving the way for an interim mineral resource in the second quarter of 2018.

Back in January 2018, POW completed an orientation program which proved the viability of using p-XRF assay methods in informing a JORC 2012 vanadium resource at the Daejon project. POW then secured access to conduct non-destructive testing of the 36,000 metres of historical core held by the Korean Institute of Geosciences (KIGAM) and commenced testing.

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