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BISONI MCKAY POTENTIAL & PROGRAM |
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Stina believes that the Bisoni McKay Property is an outstanding opportunity with several attractive advantages over other vanadium exploration programs:
Once the resources are verified to NI 43-101 Proven Resource standards and Prelimary Assessment is completed , the Company believes that it will take a very short time to complete permitting, due diligence, and to set up a vanadium processing plant. Stina estimates capital costs of between $30 and $60 million will be needed to get to production. In addition to producing vanadium pentoxide, Stina will consider onsite smelting to produce and market ferrovanadium. Stina has planned an additional $1.5million CAD exploration program of Bisoni McKay Property including the Northern Area A and the Southern Area C to further test the Property potential by drilling (both core and reverse circulation), sampling and assaying, conducting metallurgical testing, engineering and geological studies, additional staking and a scoping study. Infill drilling within the Northern Area A will be conducted on 105 foot centres over 2,000 feet of strike length to a dept of 600 feet below surface. The combination of proposed core and reverse circulation drilling on Northern Area A is designed to provide sufficient data for definition of a NI 43-101 compliant resource. Potential Processing Several metallurgical tests have been conducted over the years on ore recovered from the adjacent Gibillini property, including roasting, high temperature acid leaching and heap leaching. Different leach methods used to extract vanadium include strong alkali and strong acid olutions as well as a salt roast water leach. Preliminary metallurgical testing at Hazen Research in Colorado on samples taken from the Bisoni McKay property, indicated strong recovery results, including over 90% on certain tests incorporating an acid pug/ leach system on oxidized material. |
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