Indicated resources at Voyager Metals’ (TSXV:VONE) vanadium project jump nearly 500 per cent

• Voyager Metals Inc. (VONE) filed an updated mineral resource estimate technical report for its Mont Sorcier Iron and Vanadium project
• Indicated resources increased by 498 per cent and total resources increased by 15 per cent
• The updated NI 43-101 mineral resources estimate for the North Zone included 559 million tonnes of indicated resources grading 28.2 per cent magnetite and 470 million tonnes of inferred resources grading 26.4 per cent magnetite
• The North Zone’s indicated resource potential could produce 163 million tonnes of magnetite concentrate grading at least 65 per cent iron and 0.52 of a percent vanadium pentoxide
• The South Zone’s updated mineral resource includes 119 million tonnes of indicated resources grading 25.6 per cent magnetite and 76 million tonnes of inferred resources grading 24.1 per cent magnetite resources
• Voyager Metals was trading steady at $0.105 a share as of 2:00 pm ET

Voyager Metals (VONE) filed an updated mineral resource estimate technical report for its Mont Sorcier Iron and Vanadium project.

The technical report, titled “NI 43-101 Technical Report and Mineral Resource Estimate for the Mont Sorcier Project, Quebec, Canada”, was completed by InnovExplo, an independent engineering firm located in Quebec.

Indicated resources increased by 498 per cent and total resources increased by 15 per cent.

The updated NI 43-101 mineral resources estimate for the North Zone included 559 million tonnes of indicated resources grading 28.2 per cent magnetite and 470 million tonnes of inferred resources grading 26.4 per cent magnetite.

The North Zone’s indicated resource potential could produce 163 million tonnes of magnetite concentrate grading at least 65 per cent iron and 0.52 of a percent vanadium pentoxide (V₂O₅).

The South Zone’s updated mineral resource includes 119 million tonnes of indicated resources grading 25.6 per cent magnetite and 76 million tonnes of inferred resources grading 24.1 per cent magnetite resources.

A NI 43-101 bankable feasibility study is expected to be complete by the end of Q1 2023.

Voyager Metals Inc. (VONE) is engaged in the exploration of its properties for base metals and precious metals in Canada. Some of the projects of the company are Mont Sorcier Iron ore property and Clinton Manganese property. It has one business segment being iron ore exploration in Canada.

Voyager Metals was trading steady at $0.105 a share as of 2:00 pm ET.