November 16, 2022
ValOre Metals Corp. (TSXV:VO, BUY, C$1.05 target, David A. Talbot) reported RC drilling and soil sampling results from the Dipole target, part of its 100%-owned Angilak uranium project in Nunavut within the Angikuni Basin. Highlights include 0.594% U3O8 and 5.97 g/t Ag over 7.6m, including 2.21% U3O8 and 16.5 g/t Ag over 1.52m from hole RC22-DP005. Overall, results from 14 holes were reported, and averaged 0.106% U308, 4.81 g/t Ag, 0.11% Mo, and 0.03% Cu over an average width of 8.49m. These results are part of a campaign conducted from March to September, where 27 holes (~3,165m), 896 soil samples and 15,481 ha of ground VLF-EM and magnetic surveys were conducted. Further results are pending from 31 holes from the Dipole, Yat and J4 West targets. Of note, the near surface U3O8 mineralization observed at Dipole is analogous to ValOre’s high-grade Lac 50 trend, which hosts an inferred resource estimate of 43.3M lb U3O8. We are quite encouraged by some of the higher grades that we are seeing from Dipole RC drilling and expect this program to morph into additional core hole drilling next season in an attempt to delineate resources. We believe ValOre does an excellent job of spreading out its work program to cover; 1) resource delineation, 2) expansion of known trends, 3) testing of early-stage targets and 4) reconnaissance drilling. While ValOre has two separate projects, its 100%-owned Pedra Branca PGE project in Brazil and its Angilak uranium project in Nunavut, we do believe that its Angilak project with 43.3M lb at 0.69% uranium does capture more interest from investors. Read more
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ValOre Metals Corp. – TSXV:VO – 1,2,3,4
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