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ValOre Metals Validates Exploration Methodology with Drill Discovery of New PGE Zone at Pedra Branca
VANCOUVER, British Columbia, Oct. 27, 2020 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; the “Company”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0) today annou
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 27, 2020 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; the “Company”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0) today announced assay results for the C-04, Cana Brava, Cedro, Esbarro East and Golden Goat drill targets at ValOre’s 100%-owned Pedra Branca Platinum Group Element (“PGE”) Project in northeastern Brazil. “Our drill program continues to generate exciting results, including a discovery of the C-04 Zone in addition to successfully advancing the targets at Cana Brava and Cedro North,” stated ValOre’s Chairman and CEO, Jim Paterson. “Our efficient and cost-effective exploration methodology has now been validated by the drill discovery of high-grade, near-surface PGE mineralization.” Highlights from C-04, Cana Brava, Cedro, Esbarro East and Golden Goat Targets C-04 - New PGE-mineralized Zone discovered at the previously undrilled target validates ValOre’s WorldView-magnetic anomaly targeting methodology (see news release dated December 4, 2019); Cana Brava - Shallow mineralization extended with PGE intercepts in three diamond drill holes (“DDH”); Cedro - PGE mineralization drilled from surface in both “Cedro North” drill holes; Esbarro East - PGE mineralization drilled from surface; Golden Goat - two drill holes targeting a geophysical anomaly intercepted broad intervals (100-140m) of prospective ultramafic (UM) intrusion. Target Classes and Locations: CLICK HERE for Figure 1, a map of Phase 1 drill hole locations and targets. Table 1: Drill Core Assay Highlights for C-04, Cana Brava, Cedro, Esbarro East and Golden Goat Target # of holes Meters (m) Notes* C-04(Discovery Drilling) 3 252.90 DD20CF01: 18.00m @ 0.58 g/t 2PGE+Au from 0.00m24.95m @ 0.71 g/t 2PGE+Au from 41.34m incl.and 0.73m @ 5.50 g/t 2PGE+Au from 53.50m5.29m @ 2.03 g/t 2PGE+Au from 61.00m DD20CF02: 21.60m @ 0.39 g/t 2PGE+Au from 0.00m and 21.00m @ 0.27 2PGE+Au from 39.00m DD20CF03: 8.68m @ 0.24 g/t 2PGE+Au from 11.92m Cana Brava(Target Advancement) 4 199.60 DD20CB03: 15.20m @ 0.61 g/t 2PGE+Au from 0.00m DD20CB04: 14.00m @ 0.83 g/t 2PGE+Au from 10.00m DD20CB05: 7.67m @ 1.07 g/t 2PGE+Au from 26.30m Cedro(Target Advancement) 4 364.40 DD20CD95: 20.00m @ 0.38 g/t 2PGE+Au from 0.00m DD20CD96: 15.00m @ 0.49 g/t 2PGE+Au from 0.00m Esbarro East...