The Conversation (0)
Rocky Mountain Resources Corp. (CVE:RKY) reports the acquisition of the Del Rio property, a new vanadium project situated south of the Gibellini project, in northern Nye County, Nevada. The Company discovered the extensive, vanadium-bearing shale exposure and now holds 100% ownership in the property with no royalty burden by staking 120 unpatented lode claims (2,400 acres) […]
The Company discovered the extensive, vanadium-bearing shale exposure and now holds 100% ownership in the property with no royalty burden by staking 120 unpatented lode claims (2,400 acres) on BLM administered lands.
Bill Radvak, President & CEO of Rocky Mountain says:
The Del Rio discovery is very exciting for the Company as it represents an entirely new vanadium target with the potential to be as large, and possibly even larger, than the Gibellini Hill resource.” “Overall, the channel sampling results on the Del Rio Property were similar to, and in some cases better than, the channel sampling results from the oxidized zone on our Gibellini Hill resource which is enriched at depth.” “With the Gibellini Project moving toward delivery of a feasibility study in the second quarter of 2011, the addition n of the Del Rio Property presents Rocky Mountain with the opportunity to become a world class vanadium producer.”