Energizer Resources Inc (ENZR.OB) announced that interim metallurgy tests recovered 82% Vanadium at the Green Giant Vanadium Project. Based on these results, the Company is confident that it has exceeded its exploration target to delineate additional mineral resources in the range of 25 to 30 million tonnes of V2O5. Here is the link to the yesterday’s press release- http://finance.yahoo.com/news/Energizer-Resources-Announces-iw-4244196759.html?x=0&.v=1.
The positive test results will increase the Company's previously reported indicated resource estimate of 21.74 million tonnes of V2O5 at a grade of 0.759% and inferred resource estimate of 4.15 million tonnes of V2O5 at a grade of 0.655%. An updated National Instrument 43-101 compliant resource estimate is expected in October 2010.
Wall Street Grand LLC is a leading financial newsletter who updates the investment community on market moving news. Gerard Adams, CEO of Wall Street Grand stated, “As history repeats itself, if you look at the chart you will notice that last September (which is right around the corner from us) Energizer Resources ran from the same current price of 30 cents to a high of $0.70 for a whopping gain of 133%”.
Energizer Resources is focused on the exploration and development of their Green Giant Vanadium Property in Madagascar. Their Green Giant Vanadium Project is one of the largest 100% owned Vanadium Projects in the world. The company has drilled only 5% of their trend at the Green Giant and already estimated 26 Million tones.
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