VYYRF - Voyageur Pharmaceuticals Announces Publication of the Jubilee Mountain NI 43-101 Report & Staking of Falcon Claims- Copper Polymetallic Assets
(TheNewswire)
Calgary, Alberta – TheNewswire - February 16, 2022 - Voyageur Pharmaceuticals Ltd. (“ Voyageur ” or the“ Company ”) (TSXV:VM) (OTC:VYYRF) is pleased to announce the completion of the NI 43-101report, the Jubilee Mountain Property, authored by Craig Dunn, P.Geo,the effective date of February 4, 2022 (the " Report ") for theJubilee Mountain copper polymetallic project (the" JubileeProject "). In addition, Voyageur hasadded a second battery mineral project and has staked ground on aprospective polymetallic area of interest named the Falcon (togetherwith the Jubilee Project, the " Projects ").
Voyageur is discussing and analysing a cost-effectivepath forward to have these Projects independently managed. Voyageur'sfocus is on its Frances Creek project and full integration of theradiology pharmaceutical drug and device market.
Highlights fromthe Report:
-
The copper polymetallic play has been overlooked atJubilee in favour of barite mining since the 1950s, even though the initial discovery was the copper polymetallic assets
-
The adjacent Giant mine produced 220 tonnes pure copperand 3230 tonnes pure zinc during its lifetime (1920-1957)
-
The historic 10,000 m drilled shows promise inconfirming the Jubilee Project is an exploration project ofmerit
-
The 53.2% copper result is in the Tiger Ridge area ofinterest, drilled in in the late 1990s and early 2000s
-
Results show average of 3% Cu over an 8 minterval
-
Promising zinc with 21.25% over a 0.9 minterval
-
These results align with a Mississippi Valley Typedepositional environment
According to Goldman Sachs GlobalInvestment Research, Wood McKenzie and Bank of America, to meet demandby 2030, 70 plus new copper projects are required to go intoproduction. It is estimated that there will be an 8.2 megaton deficitin copper by 2039. Copper prices are expected to reach $20,000 pertonne by 2023.
*source:
https://www.marketwatch.com/story/the-world-risks-running-out-of-copper-and-heres-how-high-prices-may-rise-as-the-economy-reopens-bofa-warns-11620073503
https://www.financialexpress.com/industry/global-supply-gap-likely-to-be-8-2-mt-by-2030-copper-is-a-good-long-term-bet/2264029/
https://www.mining.com/building-a-mine-in-british-columbia-hurry-up-and-wait/
https://www.cnbc.com/2021/05/06/copper-is-the-new-oil-and-could-hit-20000-per-ton-analysts-say.html
About Voyageur
Voyageur is a Canadian public company listed on theTSXV under the trading symbol VM. Voyageur is focused on thedevelopment of barite and iodine Active Pharmaceutical Ingredients(“API”) and high-performance cost-effective imaging contrastagents for the medical radiology marketplace. Voyageur’s goal is toinitially generate positive cash flow from operations using thirdparty GMP pharmaceutical manufacturers in Canada and internationally.Ultimately, Voyageur has plans to build all the requiredinfrastructure to become 100% self-sufficient with all manufacturing.Voyageur owns a 100% interest in three barium sulphate (barite)projects including the Frances Creek property, suitable in grade forthe pharmaceutical barite marketplace, with interests in a high-gradeiodine, lithium & bromine brine project located in Utah,USA.
Voyageur is moving forward with its business plan ofbecoming the only fully integrated company in the radiology medicalfield, by controlling all primary input costs under the motto of:"From the Earth to the Bottle".
Independent Qualified Persons
Prepared in accordance with the requirements ofNational Instrument 43-101 “Standards of Disclosure for MineralProjects” of the Canadian Securities Administrators
Qualified Persons | Craig Dunn, P.Geo. of WellDunnConsulting
Contributors: Raj Lakhawat, Madison Ritchie, PatrickKelley
Effective Date: February 4, 2022
For Further MediaInformation or to set up an interview, please contact:
BrentWillis
President &CEO
www.voyageurpharmaceuticals.ca
Ron Love
CFO
T403.818.6086
E ronl@vpharma.ca
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.
Cautionary Statement Regarding“Forward-Looking” Information
This news releasemay contain certain forward-looking information and statements,including without limitation, statements pertaining to: the estimatesset out in the Report, the development and management of the Projects,future copper pricing, demand and the number of projects required togo into production. All statements included herein, other thanstatements of historical fact, are forward-looking information andsuch information involves various risks and uncertainties. There canbe no assurance that such information will prove to be accurate, andactual results and future events could differ materially from thoseanticipated in such information. A description of assumptions used todevelop such forward-looking information and a description of riskfactors that may cause actual results to differ materially fromforward-looking information can be found in the Company's disclosuredocuments on the SEDAR website at www.sedar.com. Voyageur does notundertake to update any forward-looking information except inaccordance with applicable securities laws.
Copyright (c) 2022 TheNewswire - All rights reserved.