Energizer Resources Inc. (formerly Uranium Star Corp.) Provides Exploration Update on Green Giant Vanadium Project in Madagascar
Energizer Resources Inc. (formerly Uranium Star Corp.) (OTCBB:URST) (FRANKFURT:YE5) (“Energizer” or “the Company”)is pleased to announce the successful completion of its 2009 exploration program on its Green Giant Vanadium Project in Madagascar. As part of this program, 54 diamond drill holes were completed for a total of 8,931 meters, 64 mechanical trenches totalling 8,352 meters were excavated, and additional metallurgical samples were collected and are being processed. The results from this program will provide the framework for the Company to complete a NI 43-101 compliant resource estimate. Baseline environmental and socio-economic studies have also commenced. The Company has also initiated discussions with two Thai-based companies developing a very large coal project, which is very closely situated to the Green Giant Project and will provide significant infrastructure synergies between the two projects.
First Phase of Resource Definition Drilling Complete
A total of 54 diamond drill holes were completed in this phase of the exploration program, for a total of 8,931 meters over the 18 kilometer-long vanadium trend. Thirty holes on 9 sections spaced 100 meters apart were drilled to a maximum depth of 150 to 165 meters in the Jaky zone and 24 holes were drilled to a maximum depth of 175 metres on 6 sections spaced 100 meters apart in the Manga zone.
In addition to the diamond drilling, 64 mechanical trenches totalling 8,352 meters were excavated on the property. With the completion of this phase of the exploration program, a total of 85 drill holes totalling 13,004 meters deep have now been completed on the Green Giant property and 120 trenches totalling 16,520 meters long have been established.
Manga Zone Indicating Significant Vanadium Mineralization
Initial results obtained from the recently completed drilling of the Manga zone indicate a significant enrichment of vanadium mineralization displaying good continuity both horizontally and vertically.
Highlights of drill hole intervals defined by XRF readings are as follows:
- Hole M-19 intersected 105 meters averaging 0.73% V2O5, including 0.88% V2O5 over 15 meters and 1.08% V2O5 over 18 meters;
- Hole M-22 which intersected 0.68% V2O5 over 94.5 meters, including 0.88% V2O5 over 10.5 meters and 1.01% V2O5 over 30 meters.
Trenching earlier this year in the Manga zone had defined vanadium mineralization in six trenches over a 1.0 kilometer strike length that averaged 0.48% V2O5 over 82.0 meters, including a high grade core that averaged 0.67% V2O5 over 27.0 meters (previously reported). A table of all XRF readings from the Manga zone, as well as drill hole location data, are provided at the end of this release.
The Company uses Niton XL3t hand-held XRF instrumentation to gather readings on core and trench samples with respect to vanadium content, as well as other elements. The Company cautions that XRF readings are not certifiable or recognized in any NI 43-101 compliant resource calculation and significant variability can be seen when compared with subsequent assays from a registered laboratory. However, the Company has gained significant experience with XRF technology and expects that frequent calibration to registered standards have enabled it to obtain XRF readings which have a strong correlation to corresponding assay results.
Julie Lee Harrs, President and Chief Operating Officer, commented, “The Company is very pleased with the results of this latest phase of our exploration program. We have been able to continue to improve our understanding of the main zone of vanadium mineralization and its configuration. We look forward to reporting our drill assay results and metallurgical test results as they become available.”
Coal Project Synergies
Energizer has initiated discussions with the Red Island Minerals and Asia Thai Mining (Pan African Mining), two companies that are developing a very large coal project (Sakoa), which is in very close proximity to the Green Giant property. The Sakoa coalfield is located approximately 35 kilometers straight-line distance northwest of the Green Giant Vanadium Project. The Company has been informed that the development of the coal project will include a new port facility, a road and railroad from the coast to the coalfield, a coal-fired power plant to generate electricity and a major water pipeline. Based on the information provided to the Company, much of this infrastructure will be relevant to the Green Giant vanadium deposit and will provide significant cost savings for both capital and operating components of a commercial vanadium operation. As such, the Company will continue to investigate the potential synergies between these two projects.
Metallurgical Tests Ongoing
Core samples from three drill holes in the Jaky zone have been sent to Mintek Laboratories in South Africa for extensive metallurgical test work. Results of this work are expected in the first quarter of 2010. Core samples for metallurgical testing have also been collected from the Manga zone.
Analytical/assay work on core and trench samples are being conducted by Genanalysis Laboratories in Perth, Australia. Complete assay results are expected in the first quarter of 2010. A comparison of assays against XRF readings will also be provided on a timely basis. A rigorous QA/QC program is in place to ensure accuracy of analytical results
Environmental and Socio-economic Studies Commenced
The Company has also commenced baseline environmental and socio-economic studies which will be required to advance the Green Giant project.
A weather station has been established on site to record continuous weather data, which will ultimately be required for the completion of an environmental impact study. Initial consultations have been initiated with local village representatives and a proposal for additional environmental and socio-economic studies is being considered by the Company.
Bill Nielsen, P.Geo., Director and V.P. of Exploration of the Company, is the qualified person for the geological information provided in this release. Taiga Consultants Ltd. is supervising Uranium Star’s exploration activities on the Green Giant Vanadium Project in Madagascar. PEG Mining Consultants Inc. has been retained to prepare a preliminary economic assessment of the project.
For more information, please visit our website at www.energizerresources.com
Vice President of Business Development
Energizer Resources Inc.
Toll Free: 800.818.5442 or 416.364.4911
Julie Lee Harrs, President and COO
Cautionary Statement: The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.
XRF Results from the Manga Zone
Diamond Drill Holes
(see cautionary note above)