Lac Dore Vanadium Project
- Includes Apella’s claims covering the majority of the Lac Dore Deposit, reported to be the largest Vanadium deposit in North America and second-largest in the world.
- Deposit dips approximately 70% south
- Previous work outlined a resource of around 5.5 billion pounds, or 2.27 billion kilograms, of Vanadium Pentoxide along with Iron and Titanium.(PRE NI-43101)
- A 2002 feasibility study recommended development of a mine and processing facilities, with capital costs estimated at $364-million, including equipment and infrastructure. (Pre-NI-43-101)
- Apella is awaiting Quebec Government approval of additional Lac Dore claims.
- 2008/9 Channel sampling returned results of up to 1.089% V2O5, 12.30% TiO2, and 70.8% Fe
- 2009 Magnetic Survey completed delineating mineralization
- 2009 Drill Program successfully intersected mineralization at depth in six holes
Lac Dore Milestones
- Milestone #1 –Stripping and Channel Sampling Program Completed Fall 2008
- Milestone #2 –Initial 10 Hole Drill Program to test NE Extension of main zone Completed Summer 2009 with disseminated to massive magnetite intersected in holes 1 through 6
- Milestone #3 –Surface Magnetometer Survey –Completed in August 2009 by Geosig. Defined strong magnetic anomalies over 3700 metres
- Milestone #5 -Stripping and Channel Sampling Program #2 Completed Summer 2009
Historic stripping in Lac Dore showing continued mineralization