Once that’s done, we’ll have almost 20,000 metres of drilling done.” “We’re about to start the phase 2 drilling,” Kettell said. To date, Victory Metals has drilled 8,400 metres on the project.

Casino's best trench returned 0.86% V2O5 over 29m of continuous cut, with individual 1.5m samples ranging from 0.31% to 1.51% V2O5. In July 2018, Casino sampled a number of historical trenches that exposed mineralization over a 230m length. At the same time, the vanadium market was rallying over 500%.” “And that is when we looked at the historical data and realized the presence of vanadium.

Kettell, who is also CEO of Victory shareholder Casino Gold, said that last year, Casino had some interests in the Iron Point project to look at further gold exploration. “Vanadium at the time was priced very low, and the demand was also low, so that's why they dismissed the vanadium value.” Iron Point is located about 50 miles from the Carlin trend, which holds what is considered to be the largest, highest grade vanadium deposit in North AmericaĪnalysis for other metals, including vanadium was run on Iron Point, Kettell said. The project is 80 kilometres (about 50 miles) from the Carlin trend, which holds what is considered to be the largest, highest grade vanadium deposit in North America. Iron Point is located on Nevada’s Battle Mountain trend, and was originally explored for gold back in 19, by Newmont and Ore Resources, respectively. Vanadium, used in the steel industry as a strengthening agent, and listed as a strategic metal, is in the midst of a bull market, due to Chinese steel demand and the advent of Vanadium Redox Batteries (VRB), used for grid storage capabilities.īased on exploration results, Victory Metals’ CEO Collin Kettell told, “We've essentially established what looks to be the largest vanadium footprint in the United States.”

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