Apella Resources Inc.: Drilling Commences; Iron-T Vanadium-Iron-Titanium Project
April 05 2011 - 1:52PM
Marketwired
Apella Resources Inc. (TSX VENTURE: APA)(OTCQX: APAFF)(FRANKFURT:
NWN) is pleased to announce that it has now commenced Phase 4 of
diamond drilling on the Iron-T Vanadium-Iron-Titanium Project in
Quebec, Canada. The program is a 2,300 metre (7,545 feet), 23-hole
initial portion of Apella's planned overall 20,000 metre (65.616
feet) Phase 4 program, the balance of which will follow after
review of the current results. This program follows the 39 holes of
highly successful drilling previously carried out by Apella on the
Genesis Zone on the Iron-T Project. The Phase 4 program will
involve a series of in-fill drilling as well as a number of holes
to test the 22.5 km strike of the Iron-T anomaly to the
western-most boundary. Phase 4 will build on the very positive
findings and drill results received during the Phase 1, 2 and 3
drill programs. Apella released its very positive results from
Phase 1, 2 and 3 drill campaigns on the Genesis Zone in a series of
news releases disseminated between December 15th, 2009 and August
2010.
Phase 4 drilling will include; 1) a number of in-fill drill
holes on the Genesis Zone for the purpose of increasing the
potential tonnage calculations and upgrade of the present inferred
mineralization, 2) step-out drill holes to increase Apella's
knowledge of some of the isolated mag anomalies, 3) step-out
drilling along the entire strike of the project to the western-most
boundary to identify the economic extensions of the identified,
significantly mineralized body. For the majority of the planned
Phase 4 drill-holes the azimuth will be 320 and at -50 degrees. The
current portion of Phase 4 will bring the total number of holes
drilled by Apella on the Iron-T to approximately 52 holes. Once
Apella completes all of the holes it plans for the entire Phase 4
campaign the total number of holes drilled on the Iron-T by Apella
should be in the range of 148.
Apella notes that unanticipated such a monopolistic or
oligopolistic pricing (e.g. export quotas such as with China),
geopolitics such as with South Africa and Russia, and natural
disasters such as recent devastating earthquakes in Japan and China
- all play a role in affecting physical and financial parameters
for Vanadium in the marketplace. Apella anticipates that these
issues are going to have a bullish affect on the demand-side
economics for Vanadium supplies located elsewhere, like Quebec, in
the near and mid-term.
Vanadium: is a strategic metal and is used in the production of
high-quality metal alloys, like strengthened steel, because of its
property as an active grain refiner and as a strong deoxidant and
can impart strength, hardness and wear resistance to steels. The
vanadium industry is relatively new and new uses are continually
being discovered for the metal. Following are the a number of the
main uses of vanadium by various industries: iron and steel,
high-strength steels, full alloy steels, tool steels, carbon
steels, stainless and heat resistant steels, cast irons, titanium
alloys, superalloys and hard-facing alloys, aerospace engines and
airframe materials. The above are addition to the new and potential
applications for the Renewable and Clean Energy sectors, battery
sectors, and the electric vehicle sectors.
Iron-T Project - Bell River Complex:
The Bell River Complex which hosts the Iron-t may be compared to
the Lac Dore layered igneous complex (in part owned by Apella) in
the Chibougamau district of Quebec, some 250 kms east, and to the
Bushveld layered complex of South Africa, the world's most
significant source of Vanadium at present. At the Iron-T the
Vanadium rich horizons are well defined on the ground and in
aeromagnetic surveys by their highly magnetic susceptibilities.
Apella anticipates that at the Iron-T near Matagami the potential
is excellent to substantially exceed the known mineralization of
its Lac Dore deposit at Chibougamau.
Lac Dore Project - Lac Dore Complex:
"The Lake Dore Complex is a Bushveld-type Archean layered mafic
intrusion (Allard, 1976) located some 250 km due east of Matagami
in the Chibougamau mining camp. The Lake Dore Complex is the most
advanced project and the largest vanadium deposit in North America.
It shows a geological setting and vanadiferous mineralization
similar to the Bell River Complex. The Lake Dore Complex is 5 to 7
km in thickness and has been subdivided into three main units from
base to top: The Lower Serie including the Anorthosite Zone; the
Layered Serie; and the Upper Serie which includes the Granophyre
and the Border Zone (Daigneault and Allard, 1990). The mineralized
zones form a 50 to 200 m thick sequence within the Layered Serie.
The sequence comprises ferrogabbro, ferropyroxenite and magnetite
and hosts the highest grades of vanadium mineralization.
Mineralized oxide horizons are also characterized by heterogeneous
and rhythmic distribution within the Layered Serie (Taner, Ercit
and Gault, 1998) and a gradual upward decrease of vanadium content
and gradual upward increase of ilmenite (Daigneault and Allard,
1990). The magnetite horizons vary from 50 to 200 m in thickness
and extend for 16 km along strike as inferred from airborne
magnetic data. The Lake Dore Vanadium deposit is estimated to 100.0
Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at
0.65% V2O5 (Girard and Allard, 1998)."
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard &
Poors Listed, Dun & Bradstreet Listed.
Apella invites the public to visit its website at
http://www.Apellaresources.com or e-mail us at
apella@apellaresources.com to be added to the Company's e-mail list
for press releases and updates.
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Apella Resources Inc. W. Adrian Bakker Vice President
of Corporate Communications 604-683-8990 or Toll Free:
1-800-663-8990 604-683-8903 (FAX) apella@apellaresources.com
www.apellaresources.com
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