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ValOre Metals Trado Auger Returns 8 m grading 2.05 g/t 2PGE+Au and 6 m grading 3.60 g/t 2PGE+Au at Ipueiras Target, Pedra Branca
VANCOUVER, British Columbia, July 11, 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, July 11, 2022 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced multiple high-grade PGE assay results from the follow-up Trado® auger program at the Ipueiras target (“Ipueiras”) at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. “Phase 2 Trado® results from Ipueiras confirm the presence of in-situ, high-grade, at-surface palladium-platinum mineralization at the undrilled Southwest Zone,” stated ValOre’s V.P. of Exploration, Colin Smith. “Follow-up trenching has commenced to further delineate the PGE-bearing intrusion prior to core or RC drilling.” Ipueiras Trado® Auger Drilling Highlights: Follow-up Trado® auger drilling at Ipueiras returned multiple high-grade PGE intervals, including: 8 metres (“m”) grading 2.05 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from 1 m, including 3 m grading 4.70 g/t 2PGE+Au from 6 m, in Trado® auger TR22IP58; 6 m grading 3.60 g/t 2PGE+Au from 2 m, including 4 m grading 5.00 g/t 2PGE+Au from 4 m, in Trado® auger TR22IP59; 7.5 m grading 1.34 g/t 2PGE+Au from surface, in Trado® auger TR22IP41; 5.5 m grading 1.69 g/t 2PGE+Au from 1 m, including 1 m grading 4.73 g/t 2PGE+Au from 2 m, in Trado® auger TR22IP39; 2.5 m grading 1.78 g/t 2PGE+Au from surface, including 1 m grading 3.48 g/t 2PGE+Au from 1 m in Trado® auger TR22IP55; 1.5 m grading 1.35 g/t 2PGE+Au from surface, in Trado® auger TR22IP61A; Trado® end of hole (“EOH”) depths typically represent that the auger has entered impenetrable unweathered bedrock, so mineralization and ultra-mafic rocks (“UM”) present at EOH remain open at depth and require follow-up core or RC drilling. Ipueiras Target Exploration Program The second phase of Trado® auger drilling at Ipueiras was designed to follow-up on PGE high-grade mineralization reported from previous Trado® holes and trenches of the Northeast and Southwest Zones, within the 2-km-long anomalous trend of Ipueiras Target (located 10 km south of the Trapia deposit area – 885,000 oz 2PGE+Au grading 0.96 g/t in 28.8 Mt). 32 follow up Trado® auger holes were drilled, totaling 107 m. Target UM rocks were encountered in 19 Trado® holes (68 m of the 107 m augered) with reported PGE mineralization 17 of 32 holes. See Tab...