ValOre Metals Outlines 2023 Diamond Drilling Program at Pedra Branca Project, Brazil

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[{"type":"text","content":" VANCOUVER, British Columbia, May 29, 2023 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today announced a fully funded Phase 1 core drilling program at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. 2023 Drill Program Highlights: Fully funded and permitted two-rig 5,000-metre (“m”) Phase 1 core drilling program to commence in early June; Program to test four high priority pipeline targets which were advanced through 2022 exploration but not included in the 2022 NI 43-101 Resource Estimate: Galante, Tróia, Nambi and Ipueiras; Resource expansion potential will also be tested along strike and at depth at the Massapê PGE Deposit (2022 NI 43-101 Inferred Resource of 129,000 oz 2PGE+Au contained in 3.3 Mt grading 1.21 g/t 2PGE+Au), which remains wide open in all directions; Goal of program is to add new zones and expand existing deposits which form part of the March 24, 2022, NI 43-101 inferred resource at Pedra Branca of 2.198 Moz 2PGE+Au contained in 63.6 Mt grading 1.08 g/t 2PGE+Au; Brazilian drilling company DrillGeo Geologia e Sondagem (“DrillGeo”), which drilled 9,300 m during the 2021 drill program, has been engaged by ValOre for Phase 1. “Galante, Tróia, Nambi and Ipueiras are near-surface PGE targets, located along 7 kilometres of a predominantly undrilled mineralized trend,” stated ValOre’s VP of Exploration, Colin Smith. “We have advanced these four targets to the drill-ready stage with the application of our proven exploration methodology, and we are very eager for the drills to start turning in June.” Phase 1 Drill Program Targets Drilling will commence in early June at the Galante target area, which represents the longest and most prospective undrilled trend at Pedra Branca, as evidenced by the 3-kilometre-long cumulative palladium-platinum soil anomaly, multiple high-grade Trado® auger holes and rock assays, in addition to 7 mineralized trenches excavated throughout the trend (Figure 1). Ipueiras, Tróia and Nambi also represent drill-ready pipeline targets developed in 2022 to be tested in the Phase 1 drill program. CLICK HERE for a video summary of the exploration and discovery pipeline targets at Pedra Branca. Table 1 below summarizes 2022 exploration results for Galante, Tróia, ...

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