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ValOre Metals Corp. (TSXV:VO) – Notable News

June 29, 2022

ValOre Metals Corp. (TSXV:VO, BUY, C$1.05 target, David A. Talbot) announced trenching results from the Troia target at its 100%-owned Pedra Branca PGE project in Brazil. Trenching has confirmed the presence of PGE mineralization that was identified by Trado auger drilling (read more). Notably, six of seven trenches returned significant intervals of PGE mineralization from surface, with highlights of 1) 0.87 g/t 2PGE+Au over 42m including 1.72 g/t over 10m (TR22TR04), 2) 0.91 g/t over 28m (TR22TR01), 3) 0.82 g/t over 26m (TR22TR02), and 4) 1.3 g/t over 16m (TR22CC01). These intervals are in line with existing resource grades and demonstrate good thicknesses and potential continuity of chromite-bearing ultramafic rocks over 600m of a 1,000m long trend (map). We note that this trend is located 4.5km NNE of Massape (129k oz grading 1.21 g/t 2PGE+Au) and 8km north of Trapia (885k oz grading 0.96 g/t 2PGE+Au). The ultramafic intrusion and mineralization remain open at depth and warrant follow-up RC or core drilling, as Troia joins Ipueiras and Galante East in ValOre’s pipeline of drill-ready targets. The company has also commenced follow-up mapping and prospecting to investigate potential continuity between the northern and main zone trenches. While work is ongoing at Pedra Branca, ValOre is aggressively exploring its 59,483 ha Angilak uranium project in Nunavut, where recent drilling has identified multiple zones with near-surface radioactivity (read here and here). Read more

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