ValOre Reports Exciting High-Grade PGE Results
VANCOUVER, British Columbia — ValOre Metals Corp. (TSX?V: VO; OTCQB: KVLQF; Frankfurt: KEQ0) is thrilled to share the latest findings from its Boa Vista target, part of the fully owned Pedra Branca Platinum Group Elements (PGE) Project located in northeastern Brazil. The news brings significant developments stemming from Trado auger and rock samples, showcasing promising assay results.
High-Grade Discoveries at Boa Vista Target
According to Thiago Diniz, ValOre’s VP of Exploration, the PGE mineralization highlighted in the recent reports includes multiple high-grade rock samples alongside the top Trado hole ever drilled on the Pedra Branca property, based on grams per meter. This promising area shares a geological trend with the Synform target, which revealed higher grade PGE mineralization during previous exploration efforts. To build on these findings, additional mapping and drillings are scheduled, leveraging advanced VRIFY AI tools to target areas along the significant 20 km trend connecting Boa Vista and Synform.
2024 Exploration Program Insights
This year’s exploration at Boa Vista features innovative Trado auger drilling, revealing ultramafic rocks in half of the 8 holes drilled to date (18 m of depth from the 26 m planned). Remarkably, every Trado assay processed thus far indicates PGE mineralization, with standout results including:
- 5 metres grading 6.58 grams per tonne (g/t) 2PGE+Au from surface, including an impressive 2 m grading 11.96 g/t 2PGE+Au from the initial meter in hole AD24BV05.
Significant Rock Assay Results
The report also details key rock assay results from sample collections, highlighting excellent grades which can pave the way for the project’s future:
- 21.32 g/t 2PGE+Au – Rock sample 103822
- 18.89 g/t 2PGE+Au – Rock sample 102967
- 11.44 g/t 2PGE+Au – Rock sample 103823
- 4.54 g/t 2PGE+Au – Rock sample 103701
Exploring the Boa Vista Target
The Boa Vista target resides in an underexplored region within the Pedra Branca property. The project spans over 51,096 hectares and is noted for its potential wealth of PGE reserves. In proximity to the Synform target, which is known for revealing high-grade PGE mineralization previously (including rock assays yielding up to 15 g/t 2PGE+Au), the exploration here is particularly promising. The team at ValOre has leveraged historical data leading to remarkable results that extend known PGE mineralization across approximately 100 meters.
Future Exploration Plans
Planned follow-up actions include more detailed geological mapping and additional Trado drilling to delve deeper into these high-grade results, with the anticipation that further exploration could yield even higher value deposits.
Quality Assurance and Regulatory Framework
ValOre maintains robust quality assurance and control protocols, ensuring that all data and project developments align with Canadian regulatory standards as outlined in NI 43-101. This focus on quality is paramount as the company pushes forward in its exploration endeavors.
About ValOre Metals Corp.
Founded to make a significant impact in the mining sector, ValOre Metals Corp. (TSX?V: VO) aims to unlock the potential of previously underappreciated projects. The Pedra Branca Project is crucial not only for its size and potential value but also for the expansive opportunities it presents for exploration and development.
Frequently Asked Questions
What is the significance of the assay results reported by ValOre?
The assay results indicate high-grade PGE mineralization, which is essential for determining the economic viability of the Pedra Branca project.
How does the Boa Vista target compare to the Synform target?
The Boa Vista target shares a geological trend with Synform, which has also shown high-grade PGE mineralization in previous explorations.
What future plans does ValOre have for exploration?
ValOre plans further geological mapping and drilling at the Boa Vista target to evaluate and potentially expand the known PGE mineralization.
What quality controls does ValOre implement?
ValOre follows strict QA/QC protocols in accordance with NI 43-101 to ensure accurate reporting and compliance with regulatory standards.
How extensive is the Pedra Branca Project?
The Pedra Branca Project covers an area of 51,096 hectares in Brazil, containing multiple PGE deposit areas with significant resource estimates.
