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ValOre Continues to Identify New PGE Targets at Pedra Branca; Provides Update Regarding COVID-19
VANCOUVER, British Columbia, March 30, 2020 (GLOBE NEWSWIRE) -- ValOre Metals Corp. ("ValOre"; TSX‐V: VO) ValOre today provided an update to shareholders. ValOr
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 30, 2020 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (\"ValOre\"; TSX‐V: VO) ValOre today provided an update to shareholders. ValOre’s team continues to leverage its extensive database for its 100%-owned Pedra Branca Platinum Group Elements Project (“PGE”, “2PGE+Au”) and has uncovered additional significant exploration targets and opportunities. ValOre’s team have identified three separate, large-scale PGE targets collectively called “Mendes North” (see Figure1 below), which warrant immediate geochemical soil sampling and prospecting programs prior to drill testing. Highlights of the new Mendes North PGE Targets: Three newly identified large-scale PGE targets, all >1 km in strike length; Excellent access – all three are located within a 4.0 by 2.5 km area and are adjacent to, or within 200 meters of, a main road; 2020 3D magnetic inversion modelling of historical ground geophysical data has defined multiple compelling near-surface PGE targets; All magnetic anomalies are situated in a broad area of radiometric low, indicative of prospective regional mafic to ultramafic Troia Unit; WorldView spectral data bolsters prospectivity of the targets by indicating probable ultramafic intrusions - all 4 ultramafic and chromitite spectral classes coincide with the mag high anomalies, and the prospective ultramafic areas are evident as anomalously dark brown-coloured areas in the true-color WorldView imagery; There is no known historical geochemical sampling or geological mapping in the Mendes North area, and this is the first 3D magnetic inversion preformed on the Mendes North dataset; All three targets contained within the Mendes North area warrant a rapid and low-cost soil sampling and prospecting campaign to further refine the specific targets prior to drill testing; An additional 2.0 by 1.2 km magnetic anomaly is situated approximately 1 km to the northwest of the 3 previously described targets and warrants reconnaissance exploration as well. ValOre also announces that it has been closely monitoring developments of the novel coronavirus pandemic (“COVID-19”). ValOre considers health and safety a top priority for its people and in the communities in which it works. ValOre is encouraging its employees, contractors, and partners to work remotely and follow the World Health Organization and Public Health A...