Cornerstone Metals has commenced a verification diamond drilling program on the Carlin Vanadium Project in Nevada, US.
The goal of the program is to enable the Company to upgrade the historic resource to a current resource, as well as to provide material to conduct metallurgical testwork on vanadium recoveries and investigate the presence and grade of other accompanying elements such as zinc, silver and cobalt.
The 20 vertical hole HQ core program is designed to in-fill the existing 132 hole drill pattern that currently defines the vanadium deposit, resulting in an improved drillhole density of approximately 45m spacing. Cornerstone reports that it has already completed three core holes.
The Carlin Vanadium Project contains one of the United States’ largest known primary deposits of vanadium, an industrial mineral critical to industries ranging from steel to utility scale battery storage technology. The Company’s analysis illustrates that the Nevada site’s vanadium deposit features a combination of high-quality grade and unsurpassed accessibility.
“The speed in which the Company has mobilized drill contractors to site – mere days following receipt of its permit — is a tribute to the skills of the Cornerstone team and to the conducive working environment in this region,” said Cornerstone President and Chief Executive Officer Paul Cowley.
In additional news, the Company announces the resignation of Jason Nickel, P.Eng. from the board of directors. Mr. Nickel is stepping down to pursue a full time operational role with a production company. The Board thanks Jason for his service to Cornerstone.