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more -- NI 43-101 Technical Report on the Carlin Vanadium Project

Excerpt from report:


26.1.5 Mineral Resource EstimateThe resources of the Carlin Vanadium Property are classified as Indicated and Inferred based primarily on the average drillhole spacing. All resources supported by drilling with an average spacing of 200 ft or less were classified as Indicated Mineral Resources. Infill drilling in areas with Inferred mineral resources would increase the classification to Indicated and add to the potential Mineral Reserves. When any future resource drilling programs are completed, an updated Mineral Resource Estimate would be required. The current resource is limited to V2O5. If silver and/ or zinc are present in recoverable concentrations, they could add value to the Project. 26.1.6 Mineral Reserve EstimateThe economic inputs to define a Mineral Reserve Estimate would be included in a prefeasibility study. Detailed mineral processing studies were in progress at the time this report was published. Mining methods, infrastructure needs, and other components would be evaluated as part of a prefeasibility study.