Micrex Development Corp.: St. Charles Vanadium Generates Interest
04 Abril 2011 - 11:31AM
Marketwired Canada
Micrex Development Corp. (TSX VENTURE:MIX) announces an update on the St.
Charles Quebec Magnetite / Titanium / Apatite / Rare Earth / Vanadium deposit.
Micrex announced on March 24, 2010 that a large international mining
conglomerate conducted assays on samples from the St. Charles deposit. In
addition to magnetite, titanium, apatite and rare earths, these samples all
yielded 0.4% vanadium.
Interest in the vanadium component of the deposit is increasing as new
vanadium-based technologies signal a breakthrough in the quest for
environmentally-friendly electrical energy sources. Electricity generated from
cyclical sources such as solar and wind can be stored in large tanks of vanadium
ions, and prototypes are now being tested in several locations around the world.
Other types of vanadium cells can store more energy than conventional
lithium-ion batteries, and can be recharged more quickly. This could result in
up to 10 times more range for electric cars, and recharging times measured in
minutes instead of hours.
These developments have been touted by world leaders, and are causing increased
interest in the vanadium component of the St. Charles deposit. In view of this,
Micrex has commissioned the lab at McGill University to conduct a new series of
tests on the non-magnetic samples previously separated, and the large
international mining company has requested additional samples for more testing.
Micrex is very excited about this valued added product and the new possibilities
it brings to the Company.
Micrex Development Corp. (TSX VENTURE:MIX) is a mineral exploration company
based in Alberta, Canada with mining properties in North America. Current focus
is on the St. Charles de Bourget magnetite / titanium / apatite / rare earth /
vanadium property in Quebec.
Visit www.mixcorp.com for further details.
We seek safe harbor.
This press release has been reviewed by M. Rejean Girard, geologist and head
director of IOS Services Geoscientifiques Inc. and the Company's Qualified
Person for this project under the meaning of NI 43-101.
MICREX DEVELOPMENT CORP.
Burmis Magnetite/Titanium Property - St. Charles de Bourget
Magnetite/Titanium/Rare Earth Property - Fort Steele Placer Property - Bighorn
Gold Mine - Banks Gold Mine - Mount Royal Gold Mine - Deadwood Gold Mine -
Sunburst Gold Property
FORWARD LOOKING STATEMENTS
Certain statements in this news release are "forward-looking statements", which
reflect management's expectations regarding its property and business
operations. All statements other than statements of historical fact contained in
this news release are forward-looking statements. Such forward-looking
statements involve risks and uncertainties, as they reflect management's current
beliefs and are based on information currently available to management. Actual
results may differ materially from those anticipated in the statements made. The
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The forward-looking statements are made as of the date of
this news release and Micrex assumes no obligation to update or revise them to
reflect new events or circumstances except as expressly required by applicable
securities law. Further information regarding the uncertainties and risks can be
found in the disclosure documents filed by Micrex with the securities regulatory
authorities, available at www.sedar.com.
SEC 12 g (3) Exemption 82-4281
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