Cellcube is progressing towards deliver of a fully vertically integrated energy storage solution to utilities and independent power producers for both stand-alone energy storage projects as well as projects where energy storage enhances the value proposition from renewable energy generation.
CellCube Energy Storage Systems (CSE:CUBE,OTCQB:STNUF) has announce that a recent sampling program in three historic trenches has identified the presence of significant vanadium concentrations in both its Bisoni-Rio and Bisoni McKay properties. The claim groups are located adjacent to, and along the strike from Prophecy Resource’s Gibellini property in central north eastern Nevada.
As quoted from the press release:
In the Bisoni-Rio property, the sampling program was conducted in two historic trenches where there is no historic data currently available. The northern trench of the Bisoni-Rio (south of Gibellini), is approximately 5 km from the north of the northern limit of the Bisoni McKay claims. The southern trench on the Bisoni-Rio is located approximately 2.5 km south of the northern trench.
- Six 1.5m (5ft) channel samples that were across a 30m zone from the more northern trench on the Bisoni-Rio averaged 0.18 percent V205 over a sampled length of 30m (98 ft), the highest-grade sample contained 0.50 percent V2O5 over 1.5 m (5 ft). Note – since these samples were not continuous over the full zone, the reported grade may not be representative of the actual grade of the trench.
- To the south, 14 samples in a continuous channel (each three metres in length) were collected yielding 0.07 percent V205 over 42m (138 ft).
- In both trenches, the material sampled was highly weathered rubble, which appears to be Woodruff Formation shale, and is lying on surface. Such material would be expected to be depleted in vanadium concentrations.
- On Bisoni McKay, 15 continuous channel samples averaged 0.35 percent V2O5 over 45m.
“We are delighted that recent sampling program indicates the presence of highly significant concentrations of vanadium mineralization between the Gibellini property and our Bisoni McKay and Bisoni-Rio claims,” said Mike Neylan, President and CEO of CellCube.