ValOre's Exploration Update Shows Promising PGE Results
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ValOre's Key Exploration Updates
ValOre Metals Corp. has recently shared exciting news regarding its exploration activities at the Salvador target within the Pedra Branca Platinum Group Elements (PGE) Project. In this exploration update, the company reported noteworthy results from initial Trado auger drilling and rock sampling, which confirmed the presence of in-situ PGE mineralization.
Encouraging Findings at Salvador Target
The exploration efforts at Salvador have been promising, as outlined by ValOre’s Vice President of Exploration, Thiago Diniz. He highlighted that various methods, including Trado drilling and field mapping, have successfully revealed a continuous trend of PGE-rich ultramafic rocks extending over 2 kilometers. This finding substantiates prior findings from the 2023 drilling campaign.
Highlights of the 2024 Salvador Exploration
Key achievements from the ongoing Salvador field exploration program include:
- PGE mineralization identified in 15 out of 20 Trado holes, showcasing the effectiveness of their exploration strategy.
- High-grade results from chromitite outcrop, with samples yielding 11.17 grams per tonne of 2PGE+Au.
- Completion of trench mapping and sampling, with 108 samples dispatched for assay.
- Ground geophysical surveys are completed, and interpretation is ongoing, indicating additional PGE potential.
- Field activities continue, with further assessment of new ultramafic occurrences along with magnetic anomalies.
Insights from Trado® Auger Drilling
Trado auger drilling has uncovered ultramafic rock in 25 of the 35 planned drill holes, significantly progressing towards understanding the geological structure of the area. With 77 meters drilled of the total 101, this drilling campaign has successfully reported PGE mineralization across numerous samples.
Key Assay Results from the Drilling
The initial assay results reveal several noteworthy intervals, including:
- Sample AD24MES29 showcasing a 2.5-meter interval with 0.20 g/t 2PGE+Au.
- Sample AD24MES30 demonstrating a 1.6-meter intercept with 0.14 g/t 2PGE+Au.
- Sample AD24MES32 highlighting 6.0 meters with 0.27 g/t 2PGE+Au.
Trenching Activities Reveal Rich Findings
The trenching activities at Salvador have also yielded beneficial insights. A total of four trenches, extending 95 meters, have been completed, exposing ultramafic rocks, which include layers of chromitite in some trenches. Further assays from these trenches are currently pending, adding to the anticipation surrounding the Salvador target.
Geophysical Survey and Future Directions
ValOre conducted comprehensive ground surveying, covering 50 line kilometers, with a focus on magnetics and gamma spectrometry data. This granularity in data allows for a detailed understanding of the Salvador trends while a 3D inversion modeling is underway to delineate the structures effectively.
Exploration is still in its early phases, and the ValOre team is positive about the potential for future discoveries, emphasizing its commitment to expanding resource estimation through innovative exploration methods. Given the rich geological characteristics of the Pedra Branca Project, the company remains optimistic about meeting upcoming exploration objectives.
About ValOre Metals Corp.
ValOre Metals Corp. (TSX?V: VO) is committed to advancing resource development through investment and innovation. The Pedra Branca Project itself encompasses 45 exploration licenses, which altogether cover 51,096 hectares and showcase a significant resource of 2.198 million ounces of 2PGE+Au. This potential positions ValOre to play a crucial role in the PGE market while enhancing shareholder value.
Frequently Asked Questions
What is the Salvador target?
The Salvador target is a focus area within ValOre's Pedra Branca Platinum Group Elements Project known for its PGE mineralization potential.
What recent results have been reported from ValOre's exploration?
Recent exploration has confirmed PGE mineralization in multiple Trado® holes, with significant high-grade assay results reported, including findings of over 11 grams per tonne 2PGE+Au.
How many holes have been drilled at Salvador?
A total of 35 Trado® holes have been drilled, with PGE mineralization identified in 15 of them.
What methods were used in the exploration program?
ValOre employed techniques such as Trado auger drilling, rock sampling, trenching, and ground geophysical surveys to assess the Salvador target.
What is ValOre’s future outlook for the Salvador target?
ValOre is optimistic about the Salvador target's future potential for resource expansion and new discoveries as exploration continues and results are interpreted.
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