Apella Resources (CVE:APA)(OTCQX:APAFF) said Tuesday that its subsidiary Prestige Mining has approved the commencement of a pre-drill field program on the 100% owned Lac Dore Vanadium-Iron-Titanium Project.
The program will entail the
opening of winter roads to and on the site, establishment of the
historic McKenzie Bay grid, and the surveying of historic and newly
planned diamond drill locations.
This first phase of exploration
work on Lac Dore will re-establish and extend the previous grid,
establish a minimum of three permanent bench marks which will be used
for future infrastructure and mine construction; and survey the previous
drill holes, trenches and stripping utilized in the earlier, pre-NI
43-101, feasibility study in 2002-03.
Following this program,
the company is planning to carry out a magnetometer survey, a stripping
program and a diamond drilling campaign aimed at twinning a number of
the historic holes.
Apella's planned follow-up 2012 diamond drilling programs will be designed to address a number of desirable outcomes.
company wants to confirm the geological and mineralogical context as
well as the thickness and grade of the mineralization intersected
historically within the known deposit by twinning a number of the
historic drill holes.
This twinning would permit Prestige/Apella
to qualify the previous non-compliant NI 43-101 resources calculated by
Allard and Girard (in 1998) and SNC-Lavalin (in 2003) to Measured and Indicated Mineral Resources.
also wants to confirm the extension at depth of the known mineralized
zones and to fill some gaps in the historic drilling patterns.
also said that a number of drill holes are planned for sections of the
known horizon which have yet to have been drilled historically. The
holes will test the extension at depth of the apparent mineralized
In addition, the company may drill a number of
additional drill holes which would be targeted at a significant
geophysical target identified on the horizon that does appear to have
drill tested in the historic campaigns.
This would verify the NE
extension of the deposit, between the main previously drilled areas and
the eastern boundary of the property. These holes could add
substantial NI 43-101 compliant resources to the Lac Dore Project.
is anticipated that the first phase or two of diamond drilling, upon
completion, would bring the Lac Dore Project to pre-feasibility study
level. Additional drilling will be necessary to bring to project to the
feasibility study level, calculate and establish the Probable and Proven
Mineral Reserves and commence mine planning where feasible.
Lac Dore Project is comprised of 42 mineral claims, including the 18 key
claims previously owned by the Province of Quebec, encompasses 672
hectares. It is situated approximately 40 km south-east of the mining
centre of Chibougamau, Quebec.
It covers most of the well-known
historic Lac Dore Vanadium-Iron-Titanium deposit, which for more than 40
years was a crown asset of the Province of Quebec. The Lac Dore
deposit, in 2002-03, was the subject of a positive non-compliant NI
43-101 Feasibility Study by SNC-Lavalin, with regard to the production of vanadium.