STONEHENGE METALS LIMITED - ANNOUNCES VANADIUM EXPLORATION TARGET
ASX Announcement: Stonehenge Metals Limited ("Stonehenge" or the "Company") is pleased to announce an Exploration Target1 of 385-695 M lbs V2O5 at its Daejon project in South Korea.
- Reconnaissance surveying has confirmed vanadium mineralisation occurs over a strike length of 10 km across the Daejon project area.
- Stonehenge has identified a number of high priority exploration drill targets across the Daejon project with vanadium grades in outcrop ranging up to 1.2% V2O5.
- Sampling of the 340m long Chubu exploration adit has confirmed a large continuous mineralised zone containing vanadium at 59m @ 0.32% V2O5 and 33m @ 0.79% V2O5 (including 9m @ 1.33%V2O5).
- The current exploration work clearly indicates that the Daejon project is emerging with significant opportunities for both uranium and vanadium.
Competent Persons Statement
The information contained in this ASX release relating to exploration results, exploration targets and Mineral Resources has been compiled by Mr. Michael Andrew of Optiro Ltd. Mr. Andrew is a Member of The Australian Institute of Mining and Metallurgy. Mr. Andrew has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the " ustralasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr ndrew consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
For further information, please read the attached ASX Announcement by Stonehenge Metals Limited.