Yellow Rock Resources Limited (ASX: YRR) – $0.009
12 Dec 2014
Yellow Rock Resources Limited (ASX: YRR) is advancing towards feasibility at the Gabanintha Vanadium Project in Western Australia (Figure 1).
The company has been granted a Program of Works by the Government for approximately 6,325 metres of reverse circulation and diamond drilling, expected to commence in 1Q2015.
The drilling program is aimed at upgrading parts of the Gabanintha Resource to Indicated and Measured status. This will provide samples for metallurgical testing and allow open pit optimisation and ore characterisation to begin.
Drilling is expected to provide an initial inventory of approximately five million tonnes of vanadium ore in the Measured category at approximately 1.0% V2O5 which is sufficient to underpin the first five years of high grade ore feed.
Figure 1. Location of Gabanintha Vanadium Project
For further information, visit www.yellowrock.com.au
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