Sparton Resources (TSX-V:SRI) (“Sparton” or the “Company”) is pleased to announce that a work program has been approved for the advanced evaluation of the vanadium mineralization in the 16 square km. Yao Wan (“YW”) Polymetallic Exploration License, in the Zhen’an area of Shaanxi Province, China. See Sparton News Release dated January 2, 2018.
Yao Wan Vanadium Project
The Vanadium mineralization is strata bound and similar to other “stone coal” carbonaceous shale type vanadium deposits in China. These deposits are generally of higher grade and lower in impurities than other types of vanadium deposits such as those associated with magnetite iron ores.
Past work programs by Warwick Mining Development Company (“WMD”), included surface and underground core drilling, surface trenching, and tunneling.