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ValOre Metals Provides Update on 8,000-Metre Drill Program at Pedra Branca PGE Project:
VANCOUVER, British Columbia, May 25, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provid
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 25, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on the exploration program underway at ValOre’s 100%-owned Pedra Branca Platinum Group Element (“PGE”) Project in northeastern Brazil. “Our 2021 exploration program at Pedra Branca is now in full swing with three drills, property-wide Trado®, and extensive prospecting accelerating the target pipeline,” stated ValOre’s VP of Exploration, Colin Smith. “The inaugural drill holes at Trapia 1 look highly encouraging, with the anticipated first batch of assay results expected in early June, and a steady receipt of results continuing throughout our 8,000-metre program.” Pedra Branca 2021 Exploration Program Highlights: Fully funded and permitted 8,000 metre (“m”) drill program has started: 2,000 m to be drilled in 34 holes in the Reverse Circulation drilling (“RC”) program 6,000 m to be drilled in 42 holes in the diamond drilling (“DD”, “core drilling”) program An estimated 4,000 drill samples to be submitted for assay; Pre-drilling Trado® auger drilling continues property-wide: 226 m drilled in 75 auger holes testing 4 target areas 233 samples submitted for assay; Additional trenching has been completed at the Santo Amaro South target: 136 m in two trenches (98 m and 38 m) 12 m of prospective ultramafic (“UM”) or ultramafic-derived rock transected in each trench, with 115 samples submitted for assay; Extensive geological mapping conducted at the Santo Amaro, Trapia and Cana Brava target areas: 1,552 geological mapping points at 8 property-wide target areas 139 rock selected grab samples submitted for assay; 2021 Drill Program ValOre’s 2021 drill program is now fully underway with two core rigs and one RC rig mobilized to the Trapia 1 target area. The primary focus of this year’s program is resource expansion and pre-resource target advancement, with at least nine property-wide targets selected for drilling. CLICK HERE for more information regarding the 2021 exploration program at Pedra Branca, and CLICK HERE for Figure 1, showing a regional map of 2021 drill targets. 2021 drilling at Trapia 1 has intercepted the target ultramafic intrusion in the first three diamond drill holes drilled to date, including a 75.70 m interval from 134.95 m hole depth (~117 m vertical...