Apella Resources Inc report the acquisition of a strategic new Canadian Vanadium-Iron-Titanium discovery situated near Timmins, Ontario. Apella geology team have assessed the merits of the mineralization and setting of the Game Changer Project for its potential to mirror the already established merits of Apella 100% owned Lac Dore, Lac Dore North and Iron-T deposits. Upon conclusion of the assessment, Dr Derosier P Geo delivered his favourable conclusions to management and recommended the acquisition.
Apella new Game-Changer Vanadium-Iron-Titanium Project was discovered by the prospecting team of R Laviolette and G. Dumoulin while prospecting the Timmins region in May of 2011. The Game Changer is an assemblage of mineral claims which provide two distinct mineralized zones, each presenting excellent potential to host economic Vanadium-Iron-Titanium deposits. The two zones will be designated as the West Structure and East Structure for future reference.
The West Structure covers 2 kilometers long E-W oriented gabbro sill which can be clearly delineated by the most recent airborne magnetic and electromagnetic survey carried out by the Ontario Geological Survey. The gabbro sill produces a very strong magnetic anomaly which is 300 meters to 400 meters wide. In the field, the gabbro sill appears as a succession of elongated rounded hills with numerous outcrops of mineralization.
The Eastern Structure covers a NW-SE oriented magnetic anomaly which also corresponds to a 3 km long gabbro sill which is very similar to the sill of the Western Structure. Both are thought to be originating from the same magmatic event and they are now separated by one or several tectonic events.
The mineralization observed on-site during Dr Derosier due diligence procedure and subsequent study is very similar to the newly discovered North Western Zone situated on Apella Iron-T Vanadium-Iron-Titanium Project just across the Quebec-Ontario border. Apella's Iron-T Project is part of the Bell River Complex which a large, layered intrusion of Archean age in Quebec well-established Matagami mining camp. The Bell River Complex has been divided into three main zones:
1. The Basal Anorthosite Zone
2. A layered Gabbro Zone
3. A zone consisting of apophyse and subsidiary intrusions. On the Game Changer Project the basal anorthosite as well as the Border Zone have not yet been observed but could well exist.
The layered gabbro zone was observed and sampled during the due diligence carried out. This zone consisted of layers of disseminated to semi massive Fe-Ti V oxide rich gabbro and leucogabbro as well as minor anorthosite and pyroxenite altered in amphibolite. Vanadium mineralization of the Egan Complex occurs within the Fe-Ti oxide rich horizons in the layered ferrogabbro zone of the upper part of the Complex. This horizon is well defined in the aeromagnetic survey maps by its high magnetic susceptibility.
Twelve grab samples were taken at different locations along the gabbro sill by the prospector. Dr C Derosier, P Geo and Apella project QP took a further five grab samples. Two of Dr Derosier samples were taken on the same occurrences as the prospector's first samples and three were taken at different locations.
Results for the other oxides have not been yet received and will be factored in at a later date, once available. Apella samples are assayed by ALS-Chemex Ltd in North Vancouver using the XRF method and ICP method for the other elements.
Apella Iron-T deposit and this new Egan Complex discovery similarly hold a non-negligible portion of Magnetite and Titanium di-oxides. It is consequently important to determine the dollar value per tonne of the oxide contained in the mineralized zones as well as the cut-off grade. This cut-off grade is expressed as a percentage.
