Extensive Vanadium Trend Postulated

Based upon the association of vanadium mineralization with easily identifiable magnetic trends, the Company believes there are in excess of 20 linear kilometres of potentially vanadium-bearing titano-magnetite on the Butler Lake Property, 8 kilometres of which is on joint venture (JV) property held with Ring of Fire Resources. MacDonald Mines owns 63.25% of the JV property, and is the operator.

The vanadium grades intersected in drill core are high relative to other national and international vanadium-bearing titano-magnetite projects, with mineralization extending to surface. Based upon the grades, widths, and postulated linear extent of mineralization, the Company therefore believes that the Property has the potential to host a volumetrically significant amount of vanadium mineralization.

Ring of Fire Emerging as 'Area of Interest' for Steel Companies

Vanadium-bearing titano-magnetites are the primary ore for producing ferro-vanadium which is used to strengthen and harden steel. There is currently no operating North American mine extracting vanadium-bearing titano-magnetites for the steel industry. The primary sources for this material are South Africa and China.

The steel industry requires chromite, and the Butler Lake Property is only 40 km from Cliffs Natural Resources' Black Thor and Big Daddy chromite projects (the largest known North American chromite deposits), and 35 km from Noront Resources' Blackbird chromite project. The recent acquisition of a 9.9% interest in Noront Resources by China's Baosteel Resources signals that manufacturers are interested in the vertical integration of the constituent minerals required for steel. MacDonald Mines believes that vanadium mineralization at Butler Lake is therefore strategically located within the Ring of Fire, as it is in an area targeted for development.

So if you like Vanadium then BMK is starting to be Vanadium play:

MacDonald Mines Announces Vanadium Assays from Butler Lake Project in the ‘Ring of Fire’

http://www.macdonaldmines.com/