Proactiveinvestors recommends
Additional Information
Market: TSX-V OTCBB
Sector: General Mining
EPIC: EGZ
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Energizer Resources
www.energizerresources.com

Energizer Resources  is a mineral exploration company whose prime focus is the exploration and development of its Green Giant Vanadium Property in Madagascar.

Full Energizer Resources profile here
Pdf

Energizer Resources Achieves 82% Vanadium Extraction at Green Giant Project in Madagascar

8th Sep 2010, 4:05 pm
Energizer Resources Achieves 82% Vanadium Extraction at Green Giant Project in Madagascar

Junior explorer Energizer Resources (TSX VENTURE: EGZ)(OTCBB: ENZR) has announced interim metallurgy and remaining final assay results for its green giant vanadium project in Madagascar, showing encouraging, albeit, early findings.

The company found interim metallurgy recovery of 82%, as alkaline pressure leach testing at SGS Lakefield  determined that soda ash can be used to extract 82% vanadium into a leach solution low in contaminants.

Ongoing work is aimed at optimizing reagent consumption and leach temperature and is expected to be completed in October 2010, said the company.

Highlights of the remaining assay results include 0.875% V2O5 over 60 metres, including 0.939 % V2O5 over 21 metres (Hole M91a); 0.846% V2O5 over 72.1 metres, including 0.912 % V2O5 over 42 metres (Hole M-89); and 0.688% V2O5 over 22.5 metres, including 0.823 % V2O5 over 7.5 metres and 0.64% V2O5 over 43.5 metres, including 0.731 % V2O5 over 24 metres (Hole M-88).

With these assay results, the company has now received all results for the 46 diamond drill holes completed during the 2010 drill program, totalling 8,952 metres.

Based on these results, Energizer believes it has exceeded its exploration target to delineate additional mineral resources in the range of 25 to 30 million tonnes of vanadium, it said.

This will no doubt 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 NI 43-101 compliant resource estimate is due in October this year.

Toronto-based Energizer is an exploration stage company, engaged in the search for uranium, gold and other minerals.

The company was up 4.2% to $0.25 as of 11:00am ET on the Toronto Stock Exchange.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.