TSX:EMC
www.emcmetals.com
VANCOUVER, March 4 /CNW/ - EMC Metals Corp. (TSX: EMC) is pleased to announce that SRK Consulting (U.S.), Inc. (SRK) has been commissioned to prepare a Canadian National Instrument 43-101 (NI 43-101) compliant Technical Report for the Carlin Vanadium Project, located ~40km south of Elko, Nevada, USA.
The Carlin Vanadium Project consists of 72 unpatented mineral claims covering ~578 ha and is located along the Carlin gold trend ~10 km southwest of Newmont's Carlin Operations and ~10 km west of Newmont's Rain Deposit (~12 million oz. Au Proven and Probable Reserves combined).
The Carlin Vanadium Deposit was discovered in the 1960s by Union Carbide Corp. (UCC) when significantly anomalous Vanadium was found in samples collected by UCC Geologists (Galli, 1968, Morgan, 1968). During 1967 and 1968 Union Carbide conducted exploration work including geological mapping, ~15,000 feet of trenching, and ~30,500 feet of drilling in 112 holes outlining a zone of vanadium mineralization within the current claim boundary. In 1968 UCC used this work to complete a historical resource estimation of 19.69M tons @ 0.83% V(2)O5*. This historical resource is being used as a guide only and should not be relied upon. Exploration was restricted to within 150m (500ft) from surface with an average drill hole depth of 75 m (150 ft).
At the Carlin Project, the vanadium mineralization is hosted within 50 ft thick horizon of black shales within the Devonian Woodruff Formation, which consists of dark grey to black siliceous mudstones, and chert with lesser amounts of shale, siltstone, dolomitic siltstone, and calcareous sandstone. The Woodruff formation is unconformably overlain by shallow dipping Permian-Pennsylvanian siltstones, shales, conglomerates, and carbonates of the Chainman and Diamond Peak Formations.
The Carlin Vanadium Property also covers an interesting gold occurrence and in 1998, Cambior and Sante Fe Pacific Mining Inc. used rock chip sampling to outline a ~550 ft northeast trending ((greater than)100 ppb) gold anomaly within the Devonian Woodruff Formation and drilled 20 holes (for 2700 ft) to test the anomalous zone. The best results were obtained in drill hole CBK-2 which intersected 0.01 oz. per ton gold from 5 to 70 feet within the Woodruff Formation immediately below the unconformity. This gold occurrence suggests the possibility of a Carlin-type gold system on the property similar to Newmont's Rain deposit, and warrants further investigation and will not be subject to SRK's work.
EMC's President, Peter Bosse, mentioned: "EMC's mandate for growth is to aggressively pursue opportunities in specialty and unusual metals. In December 2009 we acquired TTS Inc. and the services of its founder Willem Duyvesteyn, a leading expert in the development of technologies for the recovery of these metals. Signing an agreement only two months later to develop the world's only primary Scandium property proves EMC's management total commitment to the rapid execution of its mandate and bodes well for future developments".
Technical information in this news release has been reviewed by Gilles R. Dessureau, M.Sc. P.Geo, a Qualified Person for the purposes of National Instrument 43-101.
* This resource estimation (from UCC Summary Report, by Galli, 1968,
and Morgan, 1968) is a historical resource and should not be relied
upon. EMC Metals, along with SRK Consulting, is currently carrying
out the required work to determine a current NI43-101 compliant
resource estimation.
About EMC Metals
EMC Metals is focused on sustainable growth through the development and application of technology for specialty and exotic metals. Through successful business developments, EMC intends to utilize its patented technologies to further its efforts in maximizing opportunities in a number of specialty metals including the Nyngan Scandium Joint Venture with Jervois Mining Ltd. of Melbourne, Australia while also planning for future opportunities from its Carlin Vanadium Project, Fostung Tungsten Project, and the Springer Tungsten Facility.
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and EMC's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, EMC assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
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