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An option to acquire a 50% interest in the Dempster vanadium project was first announced on 6 December 2018, and following a diligence process, the Company exercised this option on 24 January 2019.
The project includes 196 claims covering 40.96 km2 with up to a 20km potential strike.
An exploration program is underway at the site as of August 2020, with the goal to increase understanding of the geology at the site and to produce drill targets for 2021.
An option to acquire a 50% interest in the Dempster vanadium project was first announced on 6 December 2018, and following a diligence process, the Company exercised this option on 24 January 2019.
The project includes 196 claims covering 40.96 km2 with up to a 20km potential strike.
An exploration program is underway at the site as of August 2020, with the goal to increase understanding of the geology at the site and to produce drill targets for 2021.
The entirety of the property lies alongside the Dempster Highway, some 65km north of the Eagle River Lodge, in the Northern Yukon, Canada. This area has excellent infrastructure, highways and access to ports and logistics.
The goal of the project is to further identify and exploit vanadium in black shales, a potentially ideal source of material for the battery metal markets. Previous work on the property was focused primarily on nickel and it was from existing drill-holes that vanadium results were initially identified at 0.26% V2O5 in roadcut.