VANCOUVER, Nov. 27, 2013 /CNW/ - VanadiumCorp Resource Inc (TSX-V:
"VRB") (OTCQX: "APAFF") (the "Company") and its Board of Directors are
pleased to announce it has retained IOS Services Geoscientifiques Inc.
(IOS) for the purpose of advancing its Vanadium Projects in Quebec.
IOS, a thoroughly independent consulting firm, was the contracted
developer and project manager of the Lac Dore Project by its previous
owner. IOS will utilize its extensive knowledge and data applicable
directly to the significant mineralization present on VanadiumCorp's
Lac Dore mining claims.
IOS has been mandated to provide a technical report according to
National Instrument 43-101, including an update of the resource
estimate as well as recommendation in order to reactivate the former
Feasibility Study conducted on the project by SNC-Lavallin in 2002. Due
to this strategic input, projections of timeframes and capital
requirements for advancing the Lac Dore Vanadium Project have all
decreased significantly. VanadiumCorp is targeting NI 43-101 compliance
of the Lac Dore Project by the first quarter of 2014. The ability to
access many years of data with the former main project manager of the
Lac Dore deposit will save significant time, share dilution and capital
IOS is the largest consulting firm in geology in the province of Quebec,
Canada, having been involved with more than 1,200 projects. Mr. Rejean
Girard P.Geo., President and General Director will act as Project
Manager for VanadiumCorp's 100% owned Lac Dore Project and Qualified
Person responsible for the disclosure of scientific or technical
information related to the Company's projects in Quebec, Canada. Rejean
is a Qualified Person in accordance with the requirements of NI 43-101.
His extensive experience with the development of the Lac Dore Property
will play a key role moving the Project forward. Alliances with the
former developers of Lac Dore is necessary in establishing the Project
globally and advancing towards production.
The new website will be complete in coming weeks, and information can be
found at www.vanadiumcorp.com
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.
SOURCE: VanadiumCorp Resource Inc.
For further information:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485