Pine River Vanadium covers 1,810 acres and is located in the Pine River Valley, approximately 700 kilometres northeast of
Vancouver and about 600 kilometres northwest of Edmonton, Alberta. While its location is remote, the property has excellent
infrastructure with regard to both transportation and energy. A paved highway passes through and alongside the claims, which
also runs parallel with the Pine River. The B.C. Railway crosses on the opposite side of the valley as does the Peace River
Power transmission line. Natural gas and oil pipelines also follow the highway through the valley.
Sampling documented in and has thus far
defined a
vanadium-bearing zone with a length
of 200 metres and an estimated true width of 100 metres. Over 40 samples were assayed, with yields ranging in value from 0.219
to 0.47% vanadium, and up to 0.83% vanadium pentoxide (V2O5). The deposit is estimated to contain at least several million
tonnes, though these estimates are very preliminary and based on an examination of a very small portion of the overall
property.
Research by the Company thus far indicates that North Bay now holds the only property in British Columbia where vanadium is
the primary resource. Besides its traditional uses, such as in the manufacture of high-strength and super-light steel alloys,
vanadium has in recent years seen ever-increasing demand for use in the next generation of high-capacity batteries that can be
charged and recharged indefinitely. Hybrid cars, as well as large-scale wind and solar energy installations, all benefit from
vanadium batteries to make these technologies more efficient, cost-effective, and environmentally-friendly. Its use in
alternative energy is one of the reasons that Discover Magazine recently called vanadium “the element that could change the
world”.
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