| Announcement Date: | 2022-11-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | ValOre Metals Corp. |
| Project name: | Angilak |
| Location: | Canada |
| Commodities: | Silver |
| Highlight: | Drilling results incl. 7.6m at 0.594% U3O8, 5.97g/t Ag from 47.2m |
| 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 assays for Dipole target (“Dipole”) Reverse Circulation (‘RC”) drilling and Enzyme Leach (“EL”) soil sampling and new ground Very Low Frequency Electromagnetic (“VLF-EM”) data at ValOre’s 100% owned 59,483-hectare Angilak Property Uranium Project (“Angilak”), located in Nunavut Territory, Canada. ValOre conducted exploration at Angilak from March to September 2022, drilling 3,165 metres RC in 27 holes, 3,590 m core in 26 holes, collecting 896 EL soil samples, and surveying 1,547 line-kilometres (15,481 hectares) of ground VLF-EM and magnetics. A total of 2,141 m of RC drilling was completed in 17 holes at the Dipole target in 2022, targeting permissive structures in a northeast trending belt of Archean metavolcanic basement rocks that represent a geological analogue to Lac 50 (Figure 1). The original core drilling discovery in 2015 tested the core of a prominent VLF-EM conductor coincident 3.4-km-long uranium-in-soil anomaly. |
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