Vanadium One Starts PEA at Mont Sorcier Iron Ore and Vanadium Project

Vanadium One Iron Corp announced that it has retained the services CSA Global pty Ltd to assist in advancing the company’s Mont Sorcier magnetite iron ore and vanadium project, located in Chibougamau in Que. Under the terms of the contract, CSA Global will provide technical, preliminary mine design and concentrator flowsheet and deliver a Preliminary Economic Assessment and a National Instrument 43-101 technical report for the Mont Sorcier project. CSA Global already has significant knowledge of the Mont Sorcier project having completed the NI43-101 resource statement earlier this year. The Company expects to release the results of this work in Q1/2020. Vanadium One CEO Mr Cliff Hale Sanders said “With the strengthening of our balance sheet subsequent to the recent private placement, our next major objective is the completion of a Preliminary Economic Assessment that will be reported according to N143-101 standards of disclosure of the Company’s magnetite iron ore and vanadium project at Mont Sorcier.”

The PEA is expected to tie together an exceptional ore body to the international iron ore concentrate markets by leveraging the extensive but underutilized infrastructure already in place, and a conventional magnetite separation concentrator facility. The PEA is expected to be completed in Q1/2020 and will accentuate the inherent value we see in the project.”