Corcel PLC - natural resources explorer and developer focused on battery metals - Says 14 rock and 179 soil samples collected during work programme at Dempster vanadium project, Canada. The rock samples yielded anomalous vanadium values ranging from 0.12% to 0.35% vanadium pentoxide, and 13 of the 14 rock returned anomalous zinc and silver values. Soil samples returned vanadium values up to 0.82% vanadium pentoxide.
Corcel holds a 50% interest in the Dempster Vanadium project.
"We are quite pleased with these exploration results from Canada. The rock and soil results are exceptionally good, indicating the presence and grade of the Canol Formation and enabling good formation tracking. We expect to have multiple accessible targets for near term drilling," says Chief Executive Scott Kaintz.
Current stock price: 1.2 pence; up 6.7% on Thursday
Year-to-date change: up 12%
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Corcel (CRCL)