February 25, 2021
ValOre Metals Corp. (TSXV:VO, Not Rated, David A. Talbot) announced assay results from 562 soil and 56 rock samples from the Santo Amaro target at its 100%-owned, Pedra Branca PGE project located in northeastern Brazil. Results included multiple high-grade assays greater than 1 g/t 2PGE+Au which were sampled up to 425m NW, 360m SE and 800m N of the current Santo Amaro resource area, including 19.1 g/t and 10.2 g/t 2PGE+Au sampled 190m and 290m to the NW, respectively. Additionally, multiple new undrilled anomalies outside of the resource area were established including 500-600m N-S trending PGE-in-soils anomalies and 450m NW trend of high to medium grade PGE rock samples, which remain open to the N and S. These trends indicate that continuity may exist between the southern most soil anomaly at Santo Amaro and the Santo Amaro South target, located 1.5km to the S, suggesting the presence of a contiguous ~2.5km long ultramafic (UM) belt. Santo Amaro is one of five defined PGE deposits on the Pedra Branca property (estimated to host an Inferred resource of 27.2Mt containing 1.067M oz of 2PGE+Au at 1.22 g/t 2PGE+Au) and has become a high-priority exploration target for the company due to its potential size and grade. A total of ~1,366m (12 holes) of core drilling, over 600m of the prospective geological trend, was completed at the Santo Amaro target in 2020, with today’s results indicating the potential exploration and extension of this trend. A Trado auger drilling and trenching program is currently underway at the target to further define the multiple PGE anomalies. Read more
