Business
ValOre Metals Drills 21 m at 1.67 g/t 2PGE+Au from 27 m at Massapê and 22 m at 1.40 g/t 2PGE+Au from 13 m at Santo Amaro South, Pedra Branca
VANCOUVER, British Columbia, Dec. 20, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) reports cor
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 20, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) reports core drilling assay results from the Massapê and Santo Amaro South targets at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. “ValOre’s proven exploration methodology has led to exciting near-surface 2021 drilling results at both Massapê and Santo Amaro South,” stated ValOre’s VP of Exploration, Colin Smith. “Both targets will be considered in the resource update planned for Q1 2022 and remain wide open for expansion with further drilling.” Massapê Zone 2021 Drilling Highlights: 11 core holes drilled totaling 1,510 metres (“m”), with all 11 intercepting the target PGE-bearing ultramafic (“UM”) intrusion; PGE intervals returned in 10 of 11 core holes, with highlights including: 21 m at 1.82 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from 73 metres (“m”), incl. 9.1 m at 3.0 g/t 2PGE+Au from 84 m in drill hole DD21MS09 21 m at 1.67 g/t 2PGE+Au from 27 m, incl. 6.6 m at 3.22 g/t 2PGE+Au from 29 m in drill hole DD21MS13 23 m at 1.19 g/t 2PGE+Au from 101 m, and 14 m at 0.99 g/t 2PGE+Au from 137 m incl. 5.4 m at 2.26 g/t 2PGE+Au from 136.6 m in drill hole DD21MS12; Drill-confirmed PGE mineralization established along a 400 m trend: open along strike to the south, and at depth to the east. Santo Amaro South Zone 2021 Drilling Highlights: 4 holes drilled totaling 300 m, with all 4 intercepting the target PGE-bearing UM intrusion, including the following highlights: 22 m at 1.40 g/t 2PGE+Au from 13 m in drill hole DD21SAS05 18 m at 1.46 g/t 2PGE+Au from 51 m, incl. 9.8 m at 2.42 g/t 2PGE+Au from 58 m in drill hole DD21SAS04 13 m at 1.29 g/t 2PGE+Au from 69 m in drill hole DD21SAS07; Drill-confirmed PGE mineralization established along a 200 m trend that is open in all directions. *Reported core assay interval lengths are estimated to represent 90-100% of true width The Massapê Zone is situated four kilometres (“km”) along trend to the north of the Trapia deposit area (218,000 oz at 1.11 g/t 2PGE+Au in 6.1 Mt), and the Santo Amaro South target is situated 1 km due south of the Santo Amaro deposit area (203,000 oz at 1.19 g/t 2PGE+Au in 5.3 Mt). Both Massapê and Santo Amaro South are underexpl...