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ValOre Metals Phase 2 Soils Program at Galante East Defines High-Priority Trenching Targets, Pedra Branca
VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today annou
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced Phase 2 soil assay results from the Galante East target (“Galante”) at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. The excavation of 8 follow-up trenches has commenced to further advance this undrilled 3-kilometre-long trend. “Phase 2 geochemical results from Galante East suggest the presence of undrilled, shallow, PGE-mineralized intrusions,” stated ValOre’s VP of Exploration, Colin Smith. “Follow-up trenching has commenced with the planned excavation of 8 trenches totaling approximately 700 m in length, with the intent of rapidly advancing Galante East to drill-ready stage.” Galante Target Exploration Program Highlights: Infill soils program confirms the cumulative 3-kilometre-long (“km”) palladium-platinum soil anomaly and delineates priority zones of consistent strong PGE mineralization at surface; Three significant anomalies have been defined for priority follow-up trenching, including the northern zone with consistent high-grade PGE mineralization along 600 m of geological trend, and 50 to 100 metres (“m”) width, including: Soil PGE grades averaging 200-300 ppb palladium + platinum + gold (“2PGE+Au”), with individual soil samples exceeding 800 ppb 2PGE+Au; The main zones are associated with compelling Trado® auger and rock assay results previously reported (92 Trado® auger holes, 255 m augered), including: 5.0 m grading 1.48 g/t 2PGE+Au from surface 2.0 m grading 2.95 g/t 2PGE+Au from surface 3.8 m grading 1.18 g/t 2PGE+Au from surface. Galante East 2022 Exploration Program The Galante East target is 3-km-long prospective geological corridor located 7 km south-southwest of Santo Amaro (153,000 oz 2PGE+Au grading 1.11 g/t in 4.3 Mt), and 10 km north-northeast of Curiu (150,000 oz 2PGE+Au grading 2.20 g/t in 2.1 Mt). Historical work at Galante East includes localized soil and rock sampling, geological mapping, and ground magnetics. A strong PGE deposit signature is evident throughout the compiled data. Previously reported regional geological mapping and prospecting, soil sampling and Trado® auger programs, corroborated and refined the historically mapped target ultramafic (“UM...