Announcement Date: 2021-11-24
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: ValOre Metals Corp.
Project name: Pedra Branca
Location: Brazil
Commodities: Gold,Palladium,Platinum
Highlight: Drilling results incl. 126.85m @ 0.02g/t Au, 0.42g/t Pd, 0.41g/t Pt from 39.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today reported diamond drilling assay results from the Santo Amaro target at ValOre’s 100%- owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. Santo Amaro is one of five currently defined PGE deposit areas at Pedra Branca, which together host an inferred resource totalling 1,067,000 ounces (“oz”) of 2PGE+Au contained in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au. Summary Table of the 2019 Inferred Resource and Pedra Branca Resource Estimate NI 43-101 Technical Report, May 2019. The 2019 Santo Amaro mineral resource was defined by 5 pre-ValOre drill holes spaced 45-60 m apart, along a collective geological trend of 215 m, which together comprise an inferred resource of 203,000 oz at 1.19 g/t 2PGE+Au in 5.3 Mt. To improve geological constraint for the next resource re-estimation, 10 scissor holes were drilled in 2021 from 5 pads (2 holes per pad) to the north of the resource holes, with each pad having 1 vertical hole (-90° dip) and 1 angled hole to the south (-50° dip).
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