Bad Vermillion Lake fe-Ti-V

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he Bad Vermilion Lake Project is a district-scale Fe–Ti–V (iron–titanium–vanadium) system hosted within a layered mafic intrusive complex near Mine Center, Ontario. This project has good road access and is proximal to critical infrastructure including the Trans-Canada ighway, utilities, and rail. Mineralization occurs as subvertical, massive ilmenite–magnetite lenses developed along the length of the intrusion and traced by surface mapping, trenching, drilling, and strong magnetic responses over 15+ km of strike length. The thickness, grade, and lateral continuity of these oxide layers support the potential for a very large, bulk-tonnage critical minerals deposit, with substantial upside through step-out drilling of undrilled surface-mapped oxide horizons.

Discontinuous but laterally extensive lenses of massive ilmenite and titaniferous magnetite occur throughout the intrusive. Massive mineralization consists of closely packed oxide grains (1–3 mm), with interstitial chlorite, talc, and local apatite. These massive lenses are surrounded by envelope zones with decreasing oxide content, grading outward into oxide-bearing gabbro and leucogabbro.

Point-count analysis of 10 samples indicates an average magnetite:ilmenite volumetric ratio of ~3.4:1. Chromium and vanadium are preferentially concentrated in magnetite-rich horizons. Individual massive oxide accumulations are documented to be at least 20 m thick and are typically subvertical.

The L28 Zone represents one of the best-defined and highest-grade areas on the property. Diamond drilling and surface work identify three stacked, iron-bearing oxide zones:

Surface Sampling (Line 2800 Exposure):

• Zone A (southern ~50 m): Up to 49.07% Fe and 11.12% Ti; iron-rich phase with weaker Fe–Ti correlation
• Zone B (central ~40 m): Up to 37.89% Fe and 13.01% Ti; strong Fe–Ti correlation
• Zone C (northern ~110 m): 18.5–26.2% Fe and up to 3.73% Ti, representing a distinct, lower-oxide phase

Diamond Drill Hole NU-08-02 (Numax Resources):

• 23 m true width averaging 55.5% Fe, 18.89% TiO₂, 0.322% V₂O₅
• 8 m true width averaging 60.56% Fe, 26.23% TiO₂, 0.138% V₂O₅
• 8 m true width averaging 57.64% Fe, 25.17% TiO₂, 0.127% V₂O₅

These stacked intercepts define a cumulative true width of ~39 m of high-grade Fe–Ti–V mineralization at L28.

The combination of thick massive oxide layers, stacked mineralized horizons, and 15+ km of mapped and geophysically defined strike length supports the potential for a multi-hundred-million-tonne Fe–Ti–V system. Historical drilling is shallow and tests only a small fraction of the intrusive, leaving extensive step-out and depth expansion potential along undrilled surface-exposed oxide trends.

In addition to bulk-tonnage Fe–Ti–V mineralization, the project hosts documented precious metal potential:

• Discovery Zone: Reported PGE and gold mineralization associated with mafic intrusive contacts
• Pit Ross Shaft: Historic shaft area with reported gold mineralization and minimal modern exploration

These targets provide high-value optionality within the broader intrusive system.

• 15+ km strike length of surface-mapped and geophysically defined oxide layers
• Massive, subvertical Fe–Ti–V lenses up to and exceeding 20 m thickness
• High-grade drill intercepts including up to 60.56% Fe, 26.23% TiO₂, and 0.322% V₂O₅
• ~39 m cumulative true width of stacked mineralization at the L28 Zone
• Strong vanadium and chromium enrichment in magnetite-rich horizons
• Large areas undrilled, offering clear step-out and expansion potential
• Located in a Tier-1 mining jurisdiction with excellent infrastructure and access
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• Systematic step-out drilling along undrilled oxide horizons
• Depth extensions beneath known massive lenses
• Metallurgical optimization for Fe–Ti–V recoveries
• Targeted follow-up on PGE–Au zones
• Strategic partnership or transaction with a critical-minerals-focused operator