Great news if you ask me, I like also part with Vanadium because it is very important for the future, there will be probably some Vanadium mania in the future, also BMK is working together with HBM and probably HBM is thinking about new zinc-copper opportunities, probably BMK will be taken over from HBM and maybe HBM wants to start Vanadium business, why not? I like this:

BMK's Butler property is potentially a new VMS district, with at least four zinc-copper volcanogenic massive sulphide (VMS) 'centres' of mineralization (Butler 1 through 4). These centres are spaced about 2-4 km apart, a typical distribution for deposits in most productive camps such as Matagami Lake, Sturgeon Lake and Noranda.

Significant vanadiferous titano-magnetite units discovered by BMK in 2011 are found within the Butler property. All drill holes targeted for vanadium in exploration programs were found to be mineralized, with assay values to 1.65% V2O5, and composited intervals ranging from 0.57% to 1.17% V2O5. Widths of the composited down-hole data ranged from 1.5 to 36 meters.

The grades of vanadium mineralization intersected at the Butler property are highly significant, as they are directly comparable to the current producing South African vanadium mines. The widths of vanadium mineralization found at the Butler property however, are much wider than those currently being mined in South Africa. Also of note, is that the magnetic concentrate obtained from metallurgical analysis of the Butler property vanadium mineralization is of superior tenor than that obtained in South Africa.

The Butler property concentrate having V2O5 values of 2.08%, Fe2O3 values of 93.70% and TiO2 values of 3.16%. Based on these values, as well as geological and geophysical analyses conducted on the property, the Company is confident that an exploration target of over 50 MT grading in excess of 0.6% V2O5 is obtainable on the property, and that the development of a road to the Ring of Fire would be the impetus to further develop this vanadium mineralization.

All in all very good future for BMK and since they are working with HBM probably they know that there could be new VMS camp there, HBM is not so interested in Nickel, and Vanadium will be very hot in the near future.

GLTA