ValOre Metals Drills Multiple Zones of Near-Surface Radioactivity at Dipole Target, Angilak Property Uranium Project

About this update from Valore Metals Corp.

[{"type":"text","content":" VANCOUVER, British Columbia, May 09, 2022 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided a preliminary update on the Reverse Circulation (“RC”) drilling at ValOre’s 100% owned 59,483-hectare Angilak Property Uranium Project (“Angilak”), located in Nunavut Territory, Canada. All seven RC holes drilled at the Dipole target have intersected multiple, shallow zones of radioactivity. “Dipole was first drilled in 2015, where 9 of 9 ValOre diamond drill holes intersected multiple zones of near surface uranium mineralization in rocks analogous to those found in the Lac 50 Trend deposits,” stated ValOre’s VP of Exploration, Colin Smith. “2022 RC drilling at Dipole confirms that U3O8 mineralization remains open at depth and along strike in both directions coincident to a 3.4-km-long, coincident, VLF-EM conductor and uranium-in-soils anomaly.” Angilak Property Uranium Project 2022 Dipole RC Drilling Highlights: Seven RC drill holes in 778.76 metres (“m”) drilled to date from 3 drill sites at Dipole, out of a planned 16 holes (1,865 m); Multiple zones of near-surface radioactivity intersected in 7 of 7 holes (Table 1), with all holes returning scintillometer counts per second (“CPS”) measurements over 500 CPS, with a maximum of 65,535 CPS in drill hole RC22-DP-005; RC drilling to date has expanded the prospective structure along strike by 150 m to the northeast, doubling the historical trend to 300 m in length and wide open in both directions, and at depth; Total of 43 samples (65.53 m total) from 7 holes have been submitted for assay to date; RC drilling continues at Dipole, with significant U3O8 intercepts to be followed-up in the summer core drilling program. CLICK HERE for ValOre’s May 9, 2022 video summarizing this news release. Table 1: Preliminary 2022 RC Drilling Results (Scintillometer CPS Radioactivity) Hole ID EOH (m) Max CPS Zone 1* Zone 2* Zone 3* Zone 4* RC22-DP-001 100.58   1,020   64.01-65.5 m @ 560 CPS 70.10-71.6 m @ 1,200 CPS - - RC22-DP-002 128.02   5,320   36.58-38.10 m @ 2,280 CPS 73.15-80.77 m @ 2,242 CPS (avg) and 5,320 CPS (max) - - RC22-DP-003 100.58   590   65.53-67.06 m @ 590 CPS 85.34-86.87 m @ 560 CPS - - RC22-DP-004 120.40   630   73.20-77.72 m @ 630 CPS 97.5...

More updates from Valore Metals Corp.