May 21, 2019

Drilling to flesh out vanadium potential

Drilling to flesh out vanadium potential

Vanadium junior QEM has moved to qualify its geological model with a core drill program at its site near Julia Creek in North-West Queensland.

The four-inch five hole drilling was designed as an infill program to provide data between existing holes.

The core recovered will be used to advance processing studies intended to optimise the extraction of vanadium and potentially, hydrocarbons.

It was intended that the program provide about 300kg of bulk ore material for planned processing studies, QEM executive director David Fitch said. 

The company has undertaken a 26km 2D seismic program to survey the geological structure of the seams across the project area, with data also being input into the geological model.

The results from the drill program and the seismic data would play an important role both in the assessment of potential mine designs and in the process of planning the pre-feasibility study, Mr Finch said.

Last year the company upgraded the size of the project’ss JORC Inferred Resource to 1700Mt at 0.34 per cent vanadium pentoxide (V205), with an estimated oil shale resource of 589MMbbls.

QEM’s exploration lease covers 496sq km.

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