Positive initial drilling results for Sparton Resources Inc. at the Pense Critical Metals Project
From GlobeNewswire: 2024-12-17 07:30:00
Sparton Resources Inc. reports positive assay results from the Pense Critical Metals Project in Ontario, confirming critical metals and gold mineralization. The company has exercised its option to acquire 100% interest in the Pense Property. VRB Energy Inc. shows progress in the US and China with battery manufacturing Joint Venture.
Assay results from four diamond drill holes at Pense Project show significant mineralization. Hole P24-01 intersected a 38-meter mineralized zone with zinc, gold, copper, and nickel values. Holes P24-02, P24-03, and P24-04 also returned notable nickel values. Previous drilling in 1993 and 1997 found critical metals, copper, nickel, zinc, and cobalt.
The Pense mineralization resembles historical work, with sulphide mineralization containing critical metals in alteration zones. Reconnaissance surveys confirm strong anomalies at priority targets. Gold zone in P24-01 shows potential for further drilling. CEO Barker sees promise in overlooked mineralization and gold values.
VRB Energy Inc. announces major commercial developments, including a strategic cooperation agreement in China for vanadium battery energy storage. Sparton President Barker praises technical advances in battery storage and the partnership’s positive impact on sales. Plans for a North American vanadium flow battery manufacturer are also progressing.
Read more at GlobeNewswire: Encouraging Initial Drilling Results Reported from the