Apella unveils results from Iron-T, confirms mineralization along entire 22.5km strike length

Apella Resources (CQX:APAFF) Wednesday announced the results of 19 diamond drill holes, totalling 2,821 metres, of its phase four exploration/development program on its Iron-T Vanadium-Iron-Titanium (V-Fe-Ti) project in Quebec.

The Iron-T Project, located 10 kilometres southeast of Matagami, continues to deliver positive results, Apella said, confirming mineralization along the entire 22.5 kilometre strike length.

Eleven of the holes completed in this phase, totaling 1,750 meters, are considered development (infill) drill holes completed across the main mineralized zone. These new infill holes now connect several peripheral zones of mineralization to Apella's main Genesis deposit on the Iron-T, increasing the tonnage significantly and allowing the classification of some of the new resources in the measured category.

The peripheral zones of mineralization were not included in the latest NI-43-101 compliant resource estimate from May, since they were considered disconnected from the main zone.

Three new significant mineralized zones running parallel to the main Genesis zone have now been discovered and tested over three sections. It is anticipated that these new zones will provide mineralized extensions in both the easterly and westerly directions, the company said. These three sections plus one additional one cover the eastern extension of the main Genesis deposit.

As a result of these three new mineralized zones, the mineralized layers including the Genesis zone now reach a significant width approaching 200 metres.
Hole MA-11-40, which is located 50 metres south of previous hole MA-10-28, intersected 0.46% vanadium equivalent over 5.00 metres, and 0.58% vanadium equivalent over 3.78 metres.

One of the phase four drill holes, MA-11-57, was set up on the eastern end of the "II Zone" which runs parallel to the Genesis zone, about 50 metres north.
This hole also represents part of the plan to bring the Genesis deposit to a measured and indicated status as soon as possible, the company said.

MA-11-57 returned 0.5% vanadium equivalent over 8.75 metres, 0.46% vanadium equivalent over 38.99 metres, 0.40% vanadium equivalent over 16.26 metres and 0.38% vanadium equivalent over 28.75 metres.

Another of the current drill holes, MA-11-56, 150 metres in length, was set-up on top of a hill coinciding with a strong magnetic anomaly interpreted as the western extension of the Genesis Deposit. The hole intersected 0.41% vanadium equivalent over 30.00 metres, and 0.40% vanadium equivalent over 16.25 metres.

The drilling of the western extension of the Iron-T project was aimed to test a 5 kilometre long magnetic axis at depth, which was identified in a 2010 surface magnetic survey. Drilling to date on this extension has confirmed the presence of vanadium, iron and titanium mineralization delineated by the survey, Apella said.

Apella also said that drilling so far has indicated that mineralization should provide significant thickness-enhancing compatibility for open pit mining, Apella said.

Vanadium is an essential element in high-quality steel and also has applications in energy storage and green technology.