We’re fortunate to have acquired our Desgrobois Vanadium Project roughly 75 miles (~120 km) north of the US border, near the eastern coast of Quebec, Canada.
The project represents potential for the recovery of titanium, iron and vanadium from two zones.
We hold a 100% interest in 30 contiguous claims totaling 4,422 acres (~1,789 hectares) within the mineral-rich Canadian Grenville Structural Province.
In 2009, prior to Venture Vanadium acquiring the Project property, an NI 43-101 report was completed on most of the claims currently held by Venture Vanadium as well as on some claims that Venture Vanadium does not hold due to their undesirable potential for production.
From previous work an exploration target is projected of between 5-6 million tons, and potentially from 8-10 million tons of iron-titanium mineralization containing between 20-30 million pounds of vanadium at a grade of between 0.3-0.5 % V2O5.
Our Desgrobois Vanadium Project represents what is known as a VTM deposit (vanadiferous titanomagnetite).
From 80 to 85% of the world’s supply of vanadium is derived from VTM deposits, either directly from mined ore or from steelmaking slags produced by processing the ores.
According to the US Geological Survey (USGS), since most of the world’s vanadium currently comes from VTM deposits, it is likely that additional vanadium resources will come predominantly from VTM deposits and districts. In contrast, the USGS states in their 2017 report, Critical Mineral Resources of the United States, that most known occurrences of vanadium in shale are currently uneconomic.
The full extent of resources located in VTM deposits has not yet been fully evaluated, especially due to VTM deposits having been identified only recently in various locations, including Canada.
The Desgrobois Vanadium Project property is located within the Canadian Grenville Structural Province, where numerous deposits of titaniferous magnetite, magnetite-ilmenite-apatite and massive ferroanilmenite have been known since the 1850s.
Our property includes 2 past-producing open-pit iron-titanium mines: the Ivry Mine and the Desgrobois Mine.
As mentioned earlier, the NI 43-101 report from 2009 included most of the claims currently held by Venture Vanadium as well as some undesirable claims not currently held by Venture Vanadium.
To be precise, the report included 54 claims totaling 5,898 acres (2,387 hectares). In comparison, the Desgrobois Vanadium Project property includes 30 claims totaling 4,422 acres (~1,789 hectares).
Nevertheless, the report contains valuable insights into past exploration efforts and the geological data available on the Desgrobois Vanadium Project property and immediately adjacent claims.
According to the report, aeromagnetic and ground-based gravimetric surveys conducted in 2007-2008 indicate important undiscovered iron-titanium mineral reserve in the vicinity of the Ivry and Desgrobois mines.
The results obtained from both surveys suggest that wherever positive or negative magnetic anomalies were found, they are associated with existing rock bodies containing massive or disseminated iron-titanium mineralization, as confirmed by the gravimetric survey.
The helicopter-borne magnetic survey revealed strong magnetic highs concentrated around the old Desgrobois-Ivry deposits and to the southwest.
Strong magnetic lows, meanwhile, also appear in the vicinity of the old Ivry and Desgrobois pits.
In addition, a gravimetric study in the vicinity of the Ivry pit produced at least 3 anomalous areas in the Bouguer and Residual Gravity maps that correspond to excess mass at shallow depth.
As such, these regions constitute targets for further exploration and are interpreted as an indication of iron-titanium oxide bodies at depth.
The Desgrobois target anomaly forms an irregular titaniferous magnetite mass and is substantially larger then the known Ivry deposit to the immediate south on our property.
In 1953, a total of 22 diamond drill holes totaling 3,713 feet (~1,132 m) were drilled on the Desgrobois target on a portion of 1 of the deposit’s 2 anomalies.
One diamond drill hole in the second anomaly showed 40 feet (~12 m) of massive mineralization.
The drilled body has an average thickness of approximately 95.2 feet (~29 m) and lies in an elliptical area with dimensions of 900 feet by 600 feet (~274 m by ~182 m).
The massive body is overlain and interspersed with a disseminated section having an average thickness of 18.8 feet (~6 m), overlain with a capping and overburden having a thickness of only 24.3 feet (~7 m).
From previous exploration work, prior to 2009, the Desgrosbois Zone represents two zones:
The reader is cautioned that a Qualified Person has not done sufficient work on this mineralization to determine an accurate grade or tonnage, and there are no known reserves or resources established at this time. Additional drilling and sampling will be necessary to establish any resource or reserve, and if established there can be no assurance that the material can be profitably mined.
The Titanium Development Zone is located in the south-central area of our property, roughly 1.5 miles (~2.5 km) south of the Desgrobois deposit.
The Titanium Development Zone , from previous exploration, represents an exploration target of between 2,500,000 and 3,000,000 tons grading between 37-39% iron, 29-31% titanium dioxide, and between 0.1 and 0.2 % Vanadium.
The previous work indicates that there may be a central zone amenable to removal by open pit methods.
The reader is cautioned that there are no current reserves or resources on the property as a Qualified Person has not done sufficient work on the material. Additional drilling and sampling are necessary to establish any reserve or resource, and if established there can be no assurance that any such material can be economically extracted.
Two large negative magnetic anomalies lie on the western extension of our claim block, representing additional potential targets to explore.
As well, the Ivry deposit , located immediately south of the Titanium Development Zone target contains an exploration target as indicated from previous drilling to have an exploration potential of between 2.5 -3 million tons grading between 29-31% titanium and 37-39% iron , with a vanadium content of undetermined level.
The reader is cautioned that there is no resource or reserve established for this zone, as a Qualified Person has not done sufficient work to determine any resource or reserve. Further if any such resource or reserve is established there can be no assurance that any such material can be mined profitably.
The comparable Black Rock Project, which has had sufficient evaluation to allow for Preliminary Economic Analysis, is located roughly 370 miles (~600 km) due north of our Desgrobois Vanadium Project.
Black Rock’s metallurgical characteristics and possible flow sheet for production are well established, with magnetic separation of the magnetite and a concentration factor for both iron and vanadium in the order of 3-to-1, creating a concentrate with enhanced iron, titanium and vanadium levels.
The deposits of both projects have vanadium content ranging as high as 0.5%, with average vanadium content for Black Rock being around 0.4%.
While Black Rock’s average vanadium content is slightly higher than that of our Desgrobois Vanadium Project, the mineralization on our project has been substantially less documented due to assays not being routinely obtained during earlier exploration campaigns that primarily focused on iron.
A particular economic advantage of our Desgrobois Vanadium Project is its significantly closer proximity to tidewater transportation, enabling superior cost-effectiveness of getting product to global markets.
An underlying goal of our planned exploration program is to establish the resource of our project to greater confidence in order to quantify that our Desgrobois Vanadium Project has the potential to be equally attractive as the Black Rock Project.
Our claims are located in the mining-friendly, mineral-rich province of Quebec.
Access to the Project is via Highway 15 going north from Montreal for roughly 50 miles (80 km) until Highway 15 changes into Highway 117. From there, numerous paved and gravel roads crisscross the property site.
The nearest major town is Sainte-Agathe-des-Monts, approximately 3 miles (~5 km) to the southeast.
The region’s topography is typical of the Canadian Shield, with rolling or drift-covered hills and a network of rivers and lakes.
Electric power, railway, airport and highways are only a few miles from the property. Water supply is available in large quantities from several lakes located within the property boundary.
The Canadian Pacific Railway, from Montreal to Mont-Laurier, crosses the northeast portion of the property.
For a full understanding of all the advantages the region represents, please visit our Region page.
Our team is actively extending our knowledge of the Desgrobois Vanadium Project’s geologic profile to determine the property’s potential for production of vanadium, iron and titanium.
To provide a clearer understanding of the underlying geologic structure, we plan for 3-phase exploration program that will include a comprehensive diamond drill hole campaign on 5 priority targets within the Desgrobois Zone and the Titanium Development Zone.
These targets will be defined by data from the airborne magnetic surveys.
Additionally, reconnaissance drilling on the large negative magnetic anomalies on the western extension is recommended.
A high-level overview of the planned 3-phase exploration program is outlined below.
Source references used for this section’s content include:
US Geological Survey (USGS) report: Critical Mineral Resources of the United States, 2017
The Desgrosbois Mine
Jocelyn Pelletier, consultant geologist, work program August 2019
Sampling taken, Desgrosbois work program August 2019
Ivry work program August 2019
Sampling taken, Ivry work program August 2019
The former Ivry mine
Jocelyn Pelletier, consultant geologist (left), Stewart Jackson (second from right) Ivry at the Ivry mine August 2019
Stewart Jackson (left) and colleague during work program August 2019
Ian Ilsley, President/CEO (left), and Jocelyn Pelletier, consultant geologist, Desgrosbois visit September 2019
Ian Ilsley, President/CEO (right), and Jocelyn Pelletier, consultant geologist, Ivry visit September 2019
An example of massive mineralisation. Sample taken August 2019