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ValOre Metals Drills 53 m at 1.18 g/t 2PGE+Au from Surface at Cedro PGE Deposit
VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provi
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on metallurgical testwork program at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. “Confirmatory drilling results from Cedro returned broad, well mineralized palladium-platinum intercepts from surface, and down-dip at depth,” stated ValOre’s VP of Exploration, Colin Smith. “ValOre’s team has commenced selecting a composite sample for Cedro, to be included in the on-going testwork program at ALS Metallurgy Kamloops. Preliminary results from testwork performed on the Cuiru deposit are expected next month.” Key Points on Metallurgical Testwork Program: Four HQ-size core drill holes totaling 332 metres (“m”) at the Cedro PGE deposit area were drilled, logged, sampled and assayed to support ongoing metallurgical testwork; All 4 drill holes confirmed the historically reported geology and returned broad, consistently mineralized PGE intercepts including: 53 m at 1.18 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from surface, incl. 7.0 m at 2.64 g/t 2PGE+Au from 44 m in drill hole DD21CD24A 62 m at 0.90 g/t 2PGE+Au from 58 m, incl. 31 m at 1.40 g/t 2PGE+Au from 82 m in drill hole DD21CD05A 52 m at 1.03 g/t 2PGE+Au from 19 m in drill hole DD21CD89A 70 m at 0.71 g/t 2PGE+Au from surface, incl. 29 m at 1.12 g/t 2PGE+Au in drill hole DD21CD42A; Metallurgical drilling campaign concluded, totaling 922 m in 14 holes, including 6 holes at Esbarro (378 m), and 4 holes at Curiu (213 m), in addition to the 332 m in 4 holes at Cedro; Drill core for the remaining two PGE deposits which form part of the 2019 inferred resource, Trapia and Santo Amaro, will be collected from the 2020 and 2021 resource expansion drill programs; Testwork program at ALS Metallurgy Kamloops (“ALS”) commenced in November 2021, with a primary focus on mineralogy and conventional processing circuits, and preliminary results expected in February 2022. *Reported core assay interval lengths are estimated to represent 95-100% true width 2021 Metallurgical Drill Program Four HQ-size core drill holes (totaling 332 m) were completed at the Cedro deposit (151,000 ounces [“oz”] 2PGE+Au contained in an inferred resource o...