ValOre Metals Corp. (“ValOre”;
TSX‐V: VO; OTCQB: KVLQF;
Frankfurt: KEQ0, “the Company”) today announced the
recommencement of exploration work in the Salvador Target
(“Salvador”) area at ValOre’s 100%-owned Pedra Branca Platinum
Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in
northeastern Brazil.
“Recent drilling at our Salvador discovery
confirms consistent, near-surface, high-grade PGE mineralization
that has very clear upside potential for additional extension along
strike, as well as at depth,” stated Thiago Diniz, V.P.
Exploration, ValOre Metals Corp. “Our Trado® and trenching
exploration programs will rapidly and cost-effectively test an
additional 600 metres of the underexplored Salvador trend. Salvador
exhibits scale potential and has the PGE grades to establish one of
the largest single resources at Pedra Branca property,” added Mr.
Diniz.
July and August 2024 Salvador
Exploration
- Trado® auger drilling commenced
July 15, and is testing a 600 m PGE-mineralized trend located north
of the area drill-tested in 2023 (see News Release dated November
7th and December 11th, 2023) which defines the extension of PGE
mineralization along strike to the north of the Salvador
discovery;
- Trado® drilling comprises 100
metres (“m”) in 20 auger drill holes and is expected to be finished
by the end of July;
- 200 m of trenches are planned for
Salvador in August to follow-up on Trado® drill results.
2023 Salvador Discovery
Highlights
The 2023 diamond drill program at Salvador
tested 400 m of a 1.5-kilometre (km) trend of ultramafic
mineralization at surface. Drilling intersected PGE mineralization
in 7 of 8 drill holes, each demonstrating significant thickness and
continuity at depth; see Figure 1 and Table 1 below. Salvador is a
high-priority target that remains open along strike and at depth
and warrants additional follow-up core drilling in future
programs.
Click on this link to view a short video (2m53s)
about the Salvador discovery.
Figure 1: Salvador 2024 Trenching Plan
View
Table 1: 2023 Diamond Drill Hole Assay
Highlights
Hole ID |
From (m) |
To (m) |
Length (m)1 |
2PGE+Au (g/t) |
Ni (%)2 |
Cu (%)2 |
DD23MES01 |
45.25 |
89.10 |
43.85 |
0.76 |
0.06 |
0.02 |
80.45 |
86.50 |
6.05 |
1.35 |
0.17 |
0.04 |
DD23MES02 |
64.00 |
142.95 |
78.95 |
0.96 |
0.03 |
0.01 |
64.50 |
106.00 |
41.50 |
1.34 |
0.02 |
0.01 |
DD23MES03 |
47.15 |
96.75 |
49.60 |
1.25 |
0.26 |
0.13 |
55.20 |
71.00 |
15.80 |
2.22 |
0.38 |
0.18 |
DD23MES04 |
77.15 |
123.20 |
46.05 |
1.96 |
0.29 |
0.12 |
88.65 |
98.65 |
10.00 |
5.02 |
0.50 |
0.10 |
DD23MES06 |
56.50 |
70.00 |
13.50 |
0.94 |
n.a. |
n.a. |
56.50 |
62.00 |
5.50 |
1.39 |
n.a. |
n.a. |
DD23MES07 |
159.85 |
170.25 |
10.40 |
0.62 |
n.a. |
n.a. |
166.35 |
167.10 |
0.75 |
3.29 |
n.a. |
n.a. |
DD23MES08 |
141.20 |
160.10 |
18.90 |
0.73 |
n.a. |
n.a. |
148.00 |
152.00 |
4.00 |
1.25 |
n.a. |
n.a. |
|
|
|
|
|
|
|
Salvador 2023 core assay results released on
October 4, October 17, November 7 and December 11, 2023.
1Core assay interval lengths are estimated to
represent 80-100% of true width.
2Ni-Cu assay results reported for drill holes
DD23MES01, MES02, MES03 and MES04. Determination of Ni and Cu
sulfides by atomic absorption spectrometry (AAS).
n.a. = not assayed for Ni-Cu
Quality Assurance/Quality Control
(“QA/QC”)
CLICK HERE for a summary of ValOre’s policies
and procedures related to QA/QC and grade interval reporting.
Qualified Person (“QP”)
The technical information in this news release
has been prepared in accordance with Canadian regulatory
requirements set out in NI 43-101 and reviewed and approved by
Thiago Diniz, P.Geo., ValOre’s QP and Vice President of
Exploration.
About ValOre Metals Corp.
ValOre Metals Corp.
(TSX‐V: VO) is a
Canadian company with a team aiming to deploy capital and knowledge
on projects which benefit from substantial prior investment by
previous owners, existence of high-value mineralization on a large
scale, and the possibility of adding tangible value through
exploration and innovation.
ValOre’s Pedra Branca Platinum Group Elements
Project comprises 45 exploration licenses covering a total area of
51,096 hectares (126,260 acres) in northeastern Brazil. At Pedra
Branca, 7 distinct PGE+Au deposit areas host, in aggregate, a 2022
NI 43-101 inferred resource of 2.198 Moz 2PGE+Au contained in 63.6
Mt grading 1.08 g/t 2PGE+Au. ValOre’s team believes the Pedra
Branca project has significant exploration discovery and resource
expansion potential. (CLICK HERE to download 2022 technical report*
and CLICK HERE for news release dated March 24, 2022).
*The 2022 Technical Report entitled “Independent
Technical Report –Mineral Resource Update on the Pedra Branca PGE
Project, Ceará State, Brazil” was prepared as a National Instrument
43-101 Technical Report on behalf of ValOre Metals Corp. with an
effective date of March 08, 2022. The 2022 Technical Report by
Independent qualified persons, Fábio Valério (P.Geo.) and Porfirio
Cabaleiro (P.Eng.), of GE21, commissioned to complete the mineral
resource estimate while Chris Kaye of Mine and Quarry Engineering
Services Inc. (MQes), was commissioned to review the metallurgical
information. The Mineral Resource estimates were prepared in
accordance with the CIM Standards, and the CIM Guidelines, using
geostatistical, plus economic and mining parameters appropriate to
the deposit. Mineral Resources, which are not mineral reserves, do
not have demonstrated economic viability, and may be materially
affected by environmental, permitting, legal, marketing, and other
relevant issues. Mineral Resources are based upon a cut-off grade
of 0.4 g/t PGE+Au, correlated to Pd_eq grade of 0.35 g/t, and were
limited by an economic pit built in Geovia Whittle 4.3 software and
following the geometric and economic parameters as disclosed in the
2022 NI 43-101 Technical Report.
On behalf of the Board of Directors,
“Jim Paterson”
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about ValOre Metals
Corp., or this news release, please visit our website at
www.valoremetals.com or contact Investor Relations by email at
contact@valoremetals.com.
ValOre Metals Corp. is a proud member of
Discovery Group. For more information please visit:
http://www.discoverygroup.ca/
Neither the 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 news release contains “forward-looking
statements” within the meaning of applicable securities laws.
Although ValOre believes that the expectations reflected in its
forward-looking statements are reasonable, such statements have
been based on factors and assumptions concerning future events that
may prove to be inaccurate. These factors and assumptions are based
upon currently available information to ValOre. Such statements are
subject to known and unknown risks, uncertainties and other factors
that could influence actual results or events and cause actual
results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. A number
of important factors including those set forth in other public
filings could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements include the
future operations of ValOre and economic factors. Readers are
cautioned to not place undue reliance on forward-looking
statements. The statements in this press release are made as of the
date of this release and, except as required by applicable law,
ValOre does not undertake any obligation to publicly update or to
revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise. ValOre
undertakes no obligation to comment on analyses, expectations or
statements made by third parties in respect of ValOre, or its
financial or operating results or (as applicable), their
securities.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/89faa41b-c43f-4168-b5a2-df27b03ab2c1
ValOre Metals (TSXV:VO)
過去 株価チャート
から 7 2024 まで 8 2024
ValOre Metals (TSXV:VO)
過去 株価チャート
から 8 2023 まで 8 2024