Business
ValOre Metals Outlines 2021 Exploration Plans at Pedra Branca Project: 8,000 Metre Drill Program Commences
VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today anno
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced a fully-funded 2021 exploration program including Reverse Circulation (“RC”) and diamond drilling (“DD”, “core drilling”) programs at ValOre’s 100%-owned Pedra Branca Platinum Group Element (“PGE”) Project in northeastern Brazil. RC drilling has commenced, and the first of two diamond drill rigs is scheduled to arrive by the end of April. “The application of Trado®, RC and core drilling at Pedra Branca allows us to systematically accelerate the target pipeline, from new discovery to resource expansion,” stated ValOre’s VP of Exploration, Colin Smith. “Pre-drilling Trado® auger work serves to confirm the presence of mineralized ultramafics under overburden, and follow-up RC drilling enables the advancement of these targets at 4x the rate of core drilling.” Pedra Branca 2021 Exploration Program: Fully funded and permitted 8,000 metre drill program: 2,000 metres (“m”) of RC drilling, commenced; 6,000 m of core drilling, to commence this month; First phase of RC drilling will test six property-wide target areas, focusing on three target styles: undrilled new discovery, pre-resource target advancement, and resource expansion; Core drilling will return to high priority resource expansion and pre-resource targets successfully drilled in 2020, as well as positive 2021 RC drill results; Pre-drilling Trado® auger work will continue property-wide, advancing additional targets to drill-ready stage; ValOre continues to receive full support from the local community of Capitão Mor, as well as Ceará State and federal governmental agency, ANM (Agência Nacional de Mineração) for on-going exploration of the Pedra Branca PGE Project. Pedra Branca 2021 Drill Program ValOre has engaged Brazilian drilling companies Servdrill Perfuração e Sondagem (“Servdrill”) and DrillGeo Geologia e Sondagem (DrillGeo) for the fully funded and permitted 2021 drill program at Pedra Branca, which will consist of 2,000 m of RC and 6,000 m of core drilling. The RC drill program has commenced and will test at least six property-wide target areas with a primary focus of undrilled new discovery, pre-resource target advancement, and resource expansion. The core drilling program will commence this month with the...