CORCEL PLC — Regulatory Filings 2020

Aug 10, 2020

National Storage Mechanism | Additional information

RNS Number : 5688V

Corcel PLC

10 August 2020

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.

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