First Vanadium (TSXV: FVAN; US-OTC: FVANF) has tabled a maiden resource for its 4.6-sq.-km Carlin vanadium project, nearly 10 km south of Elko, Nevada. The project lies in the Carlin gold trend, a 20 minute drive from the town of Carlin.
The maiden resource replaces a National Instrument 43-101 compliant historical resource SRK estimated in 2010, and marks the first time indicated resources have been calculated for the Carlin deposit.
According to the historic resource, Carlin contained 28 million inferred tonnes grading 0.51% V2O5 for 289 million lb. V2O5.
The project now contains 24.16 million indicated tonnes grading 0.615% vanadium oxide for 303 million lb. vanadium oxide, as well as 6.5 million inferred tonnes at 0.52% vanadium oxide for 75 million lb. vanadium oxide.
First Vanadium based its resource on …
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