Tarku Resources announces acquisition of Lac Fabien Vanadium Project in Quebec
Date: Feb 22, 2019
BEIJING (Asian Metal) 22 Feb 19 – On February 20, Canadian-based Tarku Resources Ltd. announced that it has signed an option agreement with 5 arm’s length individuals (“Vendors”) to acquire 100% interest in the Lac Fabien vanadium project located in Quebec, Canada. The project is ideally located 130 km North West of Quebec City, 3km from the railroad that reaches port installations from the St-Laurence River to the south and Saguenay to the North (see press release from January 15, 2019).
Julien Davy, President and CEO of Tarku, stated, “Preliminary results from the magnetite concentrate returned values from 1.37 to 1.67% V2O5 in the central zone and the project is perfectly located to export potential ore to Canadian, American or worldwide markets. ” Tarku Resources is planning to conduct exploration work during summer 2019, including extensive rock sampling, channel sampling and stripping aiming to validate the thickness and continuity of the mineralized vanadium zones as well as the grade distribution. Work will also include preliminary metallurgical testing to demonstrate the recovery quality of the vanadium at the Lac Fabien project.
