Dual-listed BlueBird Battery Metals’ (TSXV: BATT; US: BBBMF) exploration drilling of targets at its Canegrass project in Western Australia is paying off with the discovery of new high-grade vanadium mineralisation.
The Phase One drill program targeted off-hole anomalies at CG-02 and CG-039 targets and surface EM anomalies at targets VTEM-08 and VTEM-06.
The company has now recently received results for five reverse circulation holes drilled near VTEM-08.
The initial hole on the section BBRC001 targeted the VTEM-08 anomaly to evaluate for potential magmatic nickel, copper sulphide mineralization.
Best intersection from BBRC001 was 17m at 0.78 V2O5 including 8m at 1.03 V2O5.
The remaining four holes on the section targeted a broad, elongate, coincident rock geochemical surface anomaly and magnetic anomaly measuring 4,500 metres by 500 metres.
Holes BBRC001 through BBRC005 test a 320-metre width across the surface anomaly. The results indicate that the V2O5 mineralisation is extensive, extending across the entire drill section from surface to depths in excess of 100 metres.
Bluebird President Gary Nassif said the results suggest there is potential to define a substantial, near-surface vanadium resource.
Vanadium prices have seen strong upward momentum in the past year and long term fundamentals suggest there is potential for continued price appreciation, a result of vanadium’s increasing use in battery technology,” he said.
“With over 4,500 metres of defined strike length along the same trend hosting our recent Ni-Cu-Co discoveries, we believe there are significant synergies that we can exploit while exploring the trend, reducing our exploration costs and increasing our potential resource growth as we can evaluate the magmatic nickel copper sulphide and vanadium potential simultaneously.”
The surface vanadium anomaly parallels the Wyemandoo Shear and the Sheperds Discordant Zone (“SDZ”), both of which are major regional structural features transecting the Canegrass Project area.
Historical sampling by Maximus Resources returned over 325 samples exceeding 1.0% V2O5.