PacificOre Mining Corp announced an outline of the first planned drill program on the Lac Dore vanadium-iron-titanium project, which has now been presented by the company’s geological consultants.
The Lac Dore project consists of 42 contiguous mineral claims covering an area of 1.6 million acres located in the Rinfret and Lemoine townships, 70km south-east of the town of Chibougamau, Quebec.
PacificOre and its subsidiary Prestige Mining Corp said the drilling program at Lac Dore has been designed to first drill six holes close to six of the historic holes in order to confirm geological and mineralogical context as well as the thickness and grade of the mineralization intersected in the past.
The company said it is anticipating that this twinning process would also permit it and Prestige to qualify previous non-compliant NI 43-101 resources calculated by Allard and Girard in1998 and by SNC-Lavalin in 2003.
PacificOre said it had been reported that historic drill hole 2001-05 returned two mineralized intersections of 1.13% vanadium pentoxide (V2O5), 9.54% titanium dioxide (TiO2) and 25.11% oxides over 6.70 metres as well as 1.21% V2O5, 9.81% TiO2 and 35.93% oxides over 29.35 metres.
The company said it expects drilling to result in the previous non-compliant resources to be classified as indicated and measured mineral resources.
The second goal of the program is to confirm the extension at depth of the mineralized zones and to fill some gaps in the previous historic drilling pattern, said the company, adding that a minimum of 10 holes have been planned for this purpose.
PacificOre expects that these holes will lead to an increase in the tonnage of the resources and will bring a large part of them to the measured mineral resource and the mineral reserve categories.
A total of 16 drill holes have been planned for a total length of 3200 metres.