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ValOre Metals Trench Assays Confirm In-Situ PGE Mineralization on Drill-Ready Galante and Ipueiras Targets, Pedra Branca PGE Project, Brazil
VANCOUVER, British Columbia, Sept. 08, 2022 (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, Sept. 08, 2022 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced assay results from trenching at the Galante and Ipueiras targets (“Galante” and “Ipueiras”) at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. “The final trench at Galante, and two additional trenches at Ipueiras, returned significant intervals of surface PGE mineralization,” stated ValOre’s VP of Exploration, Colin Smith. “Trench assay results confirm the presence of in-situ PGEs, demonstrate potential continuity of target chromite-bearing ultramafic rocks, and warrant follow-up testing in future drill programs.” Trenching Highlights: 90 metres (“m”) grading 0.55 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), including 17 m grading 1.17 g/t 2PGE+Au - Trench TR22GE07 at the Galante target; 10 m grading 0.30 g/t 2PGE+Au - Trench TR22IP05 at the Ipueiras target; 14 m grading 0.97 g/t 2PGE+Au, including 4 m grading 1.56 g/t 2PGE+Au - Trench TR22IP06 at the Ipueiras target. Galante and Ipueiras 2022 Exploration Programs The Galante PGE target is located 7 kilometres (“km”) south-southwest of Santo Amaro deposit (NI 43-101 inferred resource 153,000 oz 2PGE+Au grading 1.11 g/t in 4.3 Mt), and 10 km north-northeast of the Curiu deposit (NI 43-101 inferred resource 150,000 oz 2PGE+Au grading 2.20 g/t in 2.1 Mt), and covers a 3-km-long prospective geological corridor. The Ipueiras target is located 10 km south of the Trapia deposit area, (NI 43-101 inferred resource 885,000 oz 2PGE+Au grading 0.96 g/t in 28.8 Mt), and exhibits geological, geochemical, and geophysical signatures similar to that of the known PGE deposits. ValOre completed an extensive exploration program in both target areas in 2022, including reconnaissance mapping, soil sampling, Trado® auger drilling and trenching (CLICK HERE for news release dated August 3, 2022, on initial trench assay results at Galante, and CLICK HERE for news release dated July 11, 2022 on phase 2 Trado® program at Ipueiras). The final trench assay results reported herein, including the final trench at Galante (TR22GE07) and final two trenches at the Southwest Zone at Ipueiras (TR22IP05 and TR22IP06) confirm the presence of in-situ PGE mineraliz...