Nevado Discovers 18 Additional Massive Oxides Iron-Titanium-Vanadium Lenses

Nevado Resources Corp. (TSXV:VDO,FRA:NSV) announced new surface prospecting discoveries on the La Blache claim from the iron-titanium-vanadium project.

The press release is quoted as saying,

The Iron-Titanium-Vanadium grades are not expected to be different from the released drill hole and field sample assay results from 2010 and 2011 for the massive and semi-massive to vein-type oxide. Grades in the massive oxides generally range in the 59% to 70% Fe₂O₃, 17% to 22% TiO₂ and 0.05 to 0.15% V₂O₅. The higher grades are situated in the more massive oxides that are surrounded by anorthosites containing 5% to 25% disseminated and vein-type oxides ranging from a few metres to more than 100 m in core length which gave lower grades in the ranges of 15% to 45% Fe₂O₃, 5% to 15% TiO₂ and 0.03% to 0.10% V₂O₅.

Nevado’s President and CEO, Michael Curtis said,

As the exploration work progresses at La Blache it is becoming obvious that the massive black oxides mineralization is not only pervasive across the entire La Blache #1 and #2 claim blocks, but the mineralization follows specific kilometric and elliptical trends forming in some cases significant masses or lenses.

For the complete press release, click here.