Resource World Magazine

O C T O B E R / N O V E M B E R 2 0 1 8 www.resourceworld.com 33 A irborne, helicopter supported magnetic surveying in 2010 and 2011 outlined four zones of strong magnetic responses produced by the magnetite-rich vanadium, titanium and iron ore. One of these four zones, the 4 km long Keating Hill East Zone, is the only zone which has been explored in detail. Trenching and core drilling along a 2.5-km section of this confirms the mineraliza - tion is continuous and of economic grades in all three metals. Sections of high-grade mineralization up to 60 metres thick have returned assay results up to 59.55% iron oxide, 16.59% tita- nium oxide and 0.354% vanadium oxide. The potential resource at the Keating Hill East Zone (yet to be NI 43-101 compliant) is estimated to be at least 1 billion tonnes and could easily host a much higher tonnage. The 2.5-km section drilled to date has been drilled to a depth of 600 metres and at this depth the drill core was still in the massive mineralization indicating the zone is deeper demonstrating a potential for a much higher tonnage. Also supporting this potential are three other zones of high magnetic responses which contain surface grades comparable to the grades intersected in drill core which have not been trenched or drilled. One of these zones, labelled the Four Corners Zone, is larger than the Keating Hill East Zone. All of the prospective zones are located along the Burgeo Paved Highway which runs through the project area that stretches 18 km along the highway and is adjacent to the TransCanada Highway. The highly magnetic mineralization is in close proximity to the Cabot Fault Zone which trends northeast – southwest through the project area and along which a new zone of platinum, pal - ladium, gold and copper has been confirmed. Grab samples of outcrop and sub-outcrop along the 1.8-km mineralized zone have returned values up to 0.30 g/t platinum, 0.40 g/t palladium, 0.13 g/t gold and 0.65% copper. The Cabot Fault Zone is known to host several similar mineral deposits. The new interest in the Four Corners Project is attract - ing attention from mining groups world-wide and the company has received significant proposals for continued exploration and development of the project. The principal interest in the project is to evaluate the vanadium mineralization which is gaining world prominence because of its use in electric cars and in batteries, along with lithium, providing a high capacity for storing electricity from wind and solar generated energy and as such is being touted as being the metal of the 21 st century, and a "green-shift mineral". The Four Corners Project, which has available electric power, is 25 paved highway km from the deep sea, ice-free Harmon Port Complex at Stephenville which is the commercial airport- serviced, industrial, supply and population centre of southwest- ern Newfoundland. The province of Newfoundland and Labrador is mining-friendly and the project site offers ease of permit- ting, an absence of land tenure issues and a moderate maritime climate. n Strong vanadium prices renew interest in Four Corners vanadium-titanium-iron ore project in Newfoundland Vanadium prices have surged by 300% since 2017 to US $18.80/lb and a strong outlook for this strategic metal is drawing national and international attention to the Four Corners Project. The project is 100% owned and operated by private Newfoundland & Labrador (NL) based Four Corners Mining Corporation for parent company Triple Nine Resources Ltd., also a NL-based private company which is the majority owner of FCMC. MINING

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