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Voyager Metals reports additional assay results from 2021 infill drill program at its Mont Sorcier Iron and Vanadium Project in Quebec

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As previously reported, the program consisted of 42 holes comprising 15,178 meters of drilling, with all drill holes completed in the North Zone in order to upgrade the resource category for the completion of a planned feasibility study to be undertaken in 2022.

Additional Information:

Company: Voyager Metals
Website: http://www.voyagermetals.com
Stock Symbol: TSXV: VONE
Date Published: Jan 21, 2022
Transcript: Available

Video Transcript:

I’m Katriina Cotten for Investmentpitch Media

Voyager Metals has released results from another 6 holes from its 2021 infill drill program at its Mont Sorcier iron and vanadium project in Quebec.

The project, located approximately 20 kilometers east of Chibougamau, Quebec, covers an area of approximately 1,919 hectares.

As previously reported, the program consisted of 42 holes comprising 15,178 meters of drilling, with all drill holes completed in the North Zone in order to upgrade the resource category for the completion of a planned feasibility study to be undertaken in 2022.

The current holes are located deep in the middle of the target area of the program in the North Zone except for holes 33, 35 and 42 which were drilled starting directly in iron ore on top of Mont Sorcier mountain.

The length of intersections in the iron formation averages 151.4 meters or about 107.5 meters true thickness, with grades averaging 30.0% Magnetite, which is in line with previous results of drilling in 2018 and 2020.

Inclusive of these results, a total of 24 holes have been reported with results for a further 18 holes expected before the end of January.

As with the previous 18 drill holes reported in late 2021, visual examination and magnetic testing of the most recent drill core continues to support the intersection of mineralized material as generally predicted by the resource outline in 2020.

The company currently has 1,802 samples assayed and 1,141 awaiting assays at the lab.

As reported in the NI 43-101 Technical Report from June 2021, the North Zone has 809.1 million tonnes of inferred mineral resources at 34.2% Magnetite and the South Zone contains 113.5 million tonnes of Indicated mineral resources at 30.9% Magnetite and 144 million tonnes of Inferred resources at 24.9% Magnetite.

Cliff Hale-Sanders, President and CEO, stated: "As anticipated, the ongoing assays results are in line with our expectations of grade and thickness of the mineralized zone. Results to date continue to support our interpretation of grade, scale and the continuous nature of the Mont Sorcier deposit. Voyager expects to imminently upgrade sufficient Inferred resources to the Measured and Indicated categories upon which to build a Bankable Feasibility Study targeted for completion in Q1/2023."

The shares are currently trading at $0.17.

For more information, please visit the company’s website www.voyagermetals.com, or contact Cliff Hale-Sanders, President & CEO, at 416-819-8558 or by email at info@voyagermetals.com.

I’m Katriina Cotten for Investmentpitch Media