ValOre Metals Continues Trado® Drill and Trenching Exploration Programs at Salvador Target, Pedra Branca PGE Project, Brazil

About this update from Valore Metals Corp.

[{"type":"text","content":" VANCOUVER, British Columbia, July 17, 2024 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today announced the recommencement of exploration work in the Salvador Target (“Salvador”) area at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. “Recent drilling at our Salvador discovery confirms consistent, near-surface, high-grade PGE mineralization that has very clear upside potential for additional extension along strike, as well as at depth,” stated Thiago Diniz, V.P. Exploration, ValOre Metals Corp. “Our Trado® and trenching exploration programs will rapidly and cost-effectively test an additional 600 metres of the underexplored Salvador trend. Salvador exhibits scale potential and has the PGE grades to establish one of the largest single resources at Pedra Branca property,” added Mr. Diniz. July and August 2024 Salvador Exploration Trado® auger drilling commenced July 15, and is testing a 600 m PGE-mineralized trend located north of the area drill-tested in 2023 (see News Release dated November 7th and December 11th, 2023) which defines the extension of PGE mineralization along strike to the north of the Salvador discovery; Trado® drilling comprises 100 metres (“m”) in 20 auger drill holes and is expected to be finished by the end of July; 200 m of trenches are planned for Salvador in August to follow-up on Trado® drill results. 2023 Salvador Discovery Highlights The 2023 diamond drill program at Salvador tested 400 m of a 1.5-kilometre (km) trend of ultramafic mineralization at surface. Drilling intersected PGE mineralization in 7 of 8 drill holes, each demonstrating significant thickness and continuity at depth; see Figure 1 and Table 1 below. Salvador is a high-priority target that remains open along strike and at depth and warrants additional follow-up core drilling in future programs. Click on this link to view a short video (2m53s) about the Salvador discovery. Figure 1: Salvador 2024 Trenching Plan View Table 1: 2023 Diamond Drill Hole Assay Highlights Hole ID From (m) To (m) Length (m)1 2PGE+Au (g/t) Ni (%)2 Cu (%)2 DD23MES01 45.25 89.10 43.85 0.76 0.06 0.02 80.45 86.50 6.05 1.35 0.17 0.04 DD23MES02 64.00 142.95 78.95 0.96 0.03 0.01 64.50 106.00 41.50 1.34 0.02 0.01 DD23MES03 47.15 96.7...

More updates from Valore Metals Corp.