AusVan is pleased to announce that based on the favourable stratigraphic lithologies intersected in the first 29 drill holes at the Allaru Vanadium project, the drilling program has been increased to 42 drill holes from the original 35 that were planned.
AusVan has expanded the drill program to the north west to include additional shallow shale hosted vanadium targets. The Allaru Project is a resource stage Vanadium deposit with additional potential for High Purity Alumina (“HPA”) located in central Queensland, Australia.
AusVan is pleased with the results of the initial drilling at Allaru, and has expanded the program as we move to define additional oxidized vanadium resources. We see great opportunity in AusVan to be a part of the green energy market. AusVan is yet another of our projects that are building a long term energy storage asset.
The Allaru Vanadium Deposit is hosted in the shallow dipping vanadium shale of the Toolebuc Formation. The Toolebuc Formation is projected to break surface on a N-NW trending arch that crosses the claim package. The current drilling is focused on the extension of known vanadium enriched shales where it is expected to encounter oxidized vanadium shale