VANCOUVER, BRITISH COLUMBIA – April 4, 2019 – Secova Metals Corp. (“Secova” or the “Company“) (TSXV: SEK, Frankfurt: N4UN, USA: SEKZF) is very pleased to announce that the management of the Company developed a strategy to efficiently explore the recently acquired Vanadium properties. As announced on March 20, 2019, Secova has acquired a 100% interest in over 3,809 hectares (69 claims) of Vanadium mineral claims located in three (3) land packages in the province of Quebec. This acquisition will allow Secova’s shareholders to participate in the hot Vanadium market by taking advantage of management’s ability to acquire under-valued long-term viable assets, develop a systematic exploration plan and work the properties. The properties have significant historic results and the exploration strategy is tailored to confirm and then expand upon theses findings.
The first step for the Faraud and Lac Roy Vanadium showings (the “Properties”) is to verify the historical data followed up by a focused visit of the Properties. Secova will hire an exploration company familiar with this Quebec territory to conduct a first phase work program (the “Program”). The goals of this Program are anticipated to;
- identify the Vanadium showings on the Properties;
- verify the location of the showings; and
- develop an understanding of the geology of the Properties through prospecting and mapping
The Company understands the showings were discovered by local prospectors and wants to build on these critically important discoveries to build on this past work. Once the showings on the Properties are identified the Company anticipates sampling the showings and conducting an initial mapping program. Secova plans to methodically add value to the Properties and use geological information gained in this initial Program to guide further work programs on the Properties. Future work on the Properties may include ground geophysics, mapping and sampling. From these results, Secova to advance to the second phase of exploration that will identify and drill potential targets.
Secova is aggressively pursuing this exploration plan because management believes that they could not ignore the high-levels of interest for the Vanadium demand due to a globally increased need for the mineral in both Vanadium Redox Flow Battery Technology (“VRB”) and as an alloy for strengthening steel in infrastructure; rebar, pipelines, airplanes and car frames. CIBC Mellon has estimated that there will be $35 trillion dollars of global infrastructure projects starting over the next 20 years, which will spark big demand for vanadium. With respect to VRB, this technology is a superior battery for storing large amounts of electricity and they are forecast to last 25 years, whereas the equivalent lithium-ion battery needs to be replaced every 3 to 5 years due to its depleting characteristics. The VRB battery is the ideal battery solution for the green energy space for large-capacity electricity storage in power grids and in wind & solar applications.
About Secova Metals Corp.
Secova Metals Corp. is a Canadian exploration company focused on building a strong asset base through exploration of undervalued projects in Canada. Management has demonstrated expertise in advancing gold and other high value mineral exploration projects into acquisition targets, most notably in the province of Quebec. The Company’s main focus is its 100% ownership of the Eagle River project which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec. Secova will use its expertise in early stage exploration to create shareholder value by attempting to prove out the potential resource in these assets.
For more information on Secova Metals Corp. please contact email@example.com, Tel: +1 604-505-7555 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
Chairman, CEO and Director
Tel: +1 604-506-7555
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.