10 August 2020 For immediate release
Corcel PLC
("Corcel" or the "Company")
Mobilisation of Geological Team : Dempster Vanadium
10 August 2020
Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces the mobilisation of the geological team to deliver the field programme at the Dempster Vanadium project in the Yukon, Canada, a project where Corcel has a 50% interest.
The exploration team provided by Corcel's local technical consultant Breakaway Exploration Management Inc., will spend up to ten days on-site to conduct a soil geochemical survey to define drill targets focused on a 3km segment where no work had been done previously.
Figure 1: Dempster Vanadium Project Location
http://www.rns-pdf.londonstockexchange.com/rns/5688V_1-2020-8-9.pdf
Figure 2: Dempster Vanadium Camp Location - Historic Vanadium Results
http://www.rns-pdf.londonstockexchange.com/rns/5688V_2-2020-8-9.pdf
Figure 3: Proposed Soil Geochemistry Grid
http://www.rns-pdf.londonstockexchange.com/rns/5688V_3-2020-8-9.pdf
Scott Kaintz, Chief Executive Director commented:
"Corcel's initial exploration programme has now begun in Western Canada with the deployment of the geological team to the site. This trip will be led by our partners on the project, and will focus on gaining a better understanding of the geology and vanadium prospectivity of the site, while seeking drill targets for the 2021 campaign. We look forward to updating the markets with these results in due course."
For further information, please contact:
Scott Kaintz 020 7747 9960 CEO Corcel Plc
Roland Cornish/ Rosalind Hill Abrahams 020 7628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 020 7374 2212 Broker First Equity Limited
This announcement contains inside information under Article 7 of Regulation (EU) 596/2014.