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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: AVC
Latest Price: 0.72  (-6.49% Descending)
52-week High: 1.85
52-week Low: 0.69
Market Cap: 19.21M
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American Vanadium
www.americanvanadium.com

American Vanadium Corp., formerly Rocky Mountain Resources Corp., is a Canada-based junior mining company. As of November 30, 2010, the Company’s main focus was the development of its Gibellini Project, located in Eureka County, Nevada. In June 2010, the Company initiated a bulk sampling program, comprising collection of samples from both oxide, and transition vanadium zones from four different trenches on the project, and a diamond drill program, which was two-phased. On September 9, 2010, the Company announced that it initiated a feasibility study of its Gibellini Project. In November 2009, the Company sold its interest in the Paris Hills mineral property to Stonegate Agricom Ltd (Stonegate). On September 29, 2010 the Company announced the acquisition of the Del Rio Property, a new vanadium project located approximately eight miles south of the Gibellini Project.

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Rocky Mountain to sell Paris Hills phosphate/vanadium property in Idaho

12th Oct 2009, 11:29 am
Rocky Mountain to sell Paris Hills phosphate/vanadium property in Idaho

Rocky Mountain Resources Corp (TSX-V: RKY) said its wholly-owned subsidiary RMP Resources Corp (RMP) has entered into an agreement with Stonegate Agricom Ltd to sell its Paris Hills phosphate/vanadium property in Bear Lake County in Idaho, US.

Stonegate will pay C$1 million in cash and issue 6 million common shares of Stonegate valued at $0.50 per common share. Closing of the transaction is expected to occur on November 15 2009.

Stonegate is a private Canadian company engaged in the acquisition, exploration and development of agricultural nutrient projects. Stonegate's primary focus has been the development of the Mantaro Phosphate Project located in Peru. Stonegate's majority shareholder is Sprott Resource Corp (TSX: SCP).

Rocky Mountain Resources said in January 2009 that the latest NI 43-101 compliant resource estimate for phosphate and vanadium from Paris Hills exceeded expectations and could form the foundation for a 50 to 75 year operating life. The technical report estimated inferred resources of 120.7 million tonnes of phosphorus pentoxide (P2O5) at a 23.6 percent grade and 44 million tonnes of vanadium pentoxide (V2O5) at a 0.79 percent grade.

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