VanadiumCorp Reports Results of Ambient Noise Tomography Survey at Lac Dore Vanadium Project
Original announcement by tmx on
- Company
- VanadiumCorp Resource Inc.
- Ticker
- VRB
- Exchange
- TSX
- Region
- Québec
- Primary commodity
- Vanadium
- Secondary commodities
- Titanium, Iron ore
- Document categories
- Resource update, Other
- Extracted
- 2026-09-13 06:35:33 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
VanadiumCorp has reported results from an Ambient Noise Tomography (ANT) geophysical survey at the Lac Doré Vanadium Project, which suggests the known vanadium-titanium-magnetite trend may extend at depth. The company also restated a historical mineral resource estimate from 2020, which it notes is unverified and not being treated as a current resource.
Reasoning: The release reports a geophysical survey that supports the exploration model, but the primary resource data provided is a historical, unverified estimate.
Positive factors
- Geophysical survey suggests mineralized trend extends to depth
- Identification of a laterally continuous low-velocity corridor coinciding with known VTM trend
Negative factors
- Geophysical results are indirect and do not confirm mineralization
- Historical resource estimate is unverified and not treated as current
Facts used in scoring: 6
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The 2020 historical estimate includes an 86.91 Mt Inferred component.
Evidence · text
“Inferred: 86.91 Mt grading 0.40% V₂O₅”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The resource estimate provided is from 2020 and is explicitly labeled as historical and unverified.
Evidence · text
“This estimate is considered a historical estimate under National Instrument 43-101.”
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: The company states that a Qualified Person has not completed sufficient work to classify the historical estimate as current.
Evidence · text
“a Qualified Person has not completed sufficient work to classify the historical estimate as current mineral resources.”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Resource Estimates (6)
indicatedLac Doré Vanadium Project · vanadiumTonnes: 214930000Grade: 0.4Grade Unit: % V₂O₅Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lac Doré Vanadium Project
- Commodity
- vanadium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- VRB
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:e86e999626376ad8cbdf
- Deposit or zone
- Lac Doré
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 214930000
- Grade
- 0.4
- Grade Unit
- % V₂O₅
Prior Estimate
- Resource Date
- 2020-10-27
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-27T00:00:00.000Z
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: This is a restatement of a 2020 historical estimate that the company has not independently verified.
Negative factors
- Historical estimate
- Unverified by current QP
Evidence · text
“Measured & Indicated: 214.93 Mt grading 0.40% V₂O₅, 27.1% Fe, 7.1% TiO₂”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.5 years before this release
indicatedLac Doré Vanadium Project · iron_oreTonnes: 214930000Grade: 27.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lac Doré Vanadium Project
- Commodity
- iron_ore
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- VRB
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:e86e999626376ad8cbdf
- Deposit or zone
- Lac Doré
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 214930000
- Grade
- 27.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2020-10-27
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-27T00:00:00.000Z
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Historical iron grade from 2020 estimate.
Negative factors
- Historical estimate
Evidence · text
“214.93 Mt grading 0.40% V₂O₅, 27.1% Fe, 7.1% TiO₂”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.5 years before this release
indicatedLac Doré Vanadium Project · titaniumTonnes: 214930000Grade: 7.1Grade Unit: % TiO₂Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lac Doré Vanadium Project
- Commodity
- titanium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- VRB
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:e86e999626376ad8cbdf
- Deposit or zone
- Lac Doré
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 214930000
- Grade
- 7.1
- Grade Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2020-10-27
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-27T00:00:00.000Z
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Historical titanium grade from 2020 estimate.
Negative factors
- Historical estimate
Evidence · text
“214.93 Mt grading 0.40% V₂O₅, 27.1% Fe, 7.1% TiO₂”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.5 years before this release
inferredLac Doré Vanadium Project · vanadiumTonnes: 86910000Grade: 0.4Grade Unit: % V₂O₅Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lac Doré Vanadium Project
- Commodity
- vanadium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- VRB
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:8b618bd5d41767576d7b
- Deposit or zone
- Lac Doré
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 86910000
- Grade
- 0.4
- Grade Unit
- % V₂O₅
Prior Estimate
- Resource Date
- 2020-10-27
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-27T00:00:00.000Z
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Historical inferred resource from 2020 estimate.
Negative factors
- Historical estimate
- Inferred category
Evidence · text
“Inferred: 86.91 Mt grading 0.40% V₂O₅, 28.0% Fe, 7.6% TiO₂”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.5 years before this release
inferredLac Doré Vanadium Project · iron_oreTonnes: 86910000Grade: 28Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lac Doré Vanadium Project
- Commodity
- iron_ore
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- VRB
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:8b618bd5d41767576d7b
- Deposit or zone
- Lac Doré
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 86910000
- Grade
- 28
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2020-10-27
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-27T00:00:00.000Z
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Historical iron grade from 2020 estimate.
Negative factors
- Historical estimate
Evidence · text
“86.91 Mt grading 0.40% V₂O₅, 28.0% Fe, 7.6% TiO₂”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.5 years before this release
inferredLac Doré Vanadium Project · titaniumTonnes: 86910000Grade: 7.6Grade Unit: % TiO₂Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lac Doré Vanadium Project
- Commodity
- titanium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- VRB
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:8b618bd5d41767576d7b
- Deposit or zone
- Lac Doré
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 86910000
- Grade
- 7.6
- Grade Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2020-10-27
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-27T00:00:00.000Z
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Historical titanium grade from 2020 estimate.
Negative factors
- Historical estimate
Evidence · text
“86.91 Mt grading 0.40% V₂O₅, 28.0% Fe, 7.6% TiO₂”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.5 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.