Salvador Nickel-Copper Drilling Highlights
Assay highlights for nickel and copper released herein, including previously released 2PGE+Au include:
- 49.6 metres (“m”) at 1.25 g/t 2PGE+Au, 0.26% Ni and 0.13% Cu with mineralization starting from 47.2 m, including 15.8 m at 2.22 g/t 2PGE+Au, 0.38% Ni and 0.18% Cu from 55.2 m in drill hole DD23MES03 (Figure 3);
- 46.05 m at 1.96 g/t 2PGE+Au, 0.29% Ni and 0.12% Cu from 77.15 m, including 10 m at 5.02 g/t 2PGE+Au, 0.50% Ni and 0.10% Cu from 88.65 m in drill hole DD23MES04.
Table 1:
Hole ID | From (m) | To (m) | Length (m)1 | 2PGE+Au (g/t) | Ni (%)2 | Cu (%)2 |
DD23MES01 | 45.25 | 89.10 | 43.85 | 0.76 | 0.06 | 0.02 |
80.45 | 86.50 | 6.05 | 1.35 | 0.17 | 0.04 | |
DD23MES02 | 64.00 | 142.95 | 78.95 | 0.96 | 0.03 | 0.01 |
64.50 | 106.00 | 41.50 | 1.34 | 0.02 | 0.01 | |
DD23MES03 | 47.15 | 96.75 | 49.60 | 1.25 | 0.26 | 0.13 |
55.20 | 71.00 | 15.80 | 2.22 | 0.38 | 0.18 | |
DD23MES04 | 77.15 | 123.20 | 46.05 | 1.96 | 0.29 | 0.12 |
88.65 | 98.65 | 10.00 | 5.02 | 0.50 | 0.10 | |
DD23MES06 | 56.50 | 70.00 | 13.50 | 0.94 | n.a. | n.a. |
56.50 | 62.00 | 5.50 | 1.39 | n.a. | n.a. | |
DD23MES07 | 159.85 | 170.25 | 10.40 | 0.62 | n.a. | n.a. |
166.35 | 167.10 | 0.75 | 3.29 | n.a. | n.a. | |
DD23MES08 | 141.20 | 160.10 | 18.90 | 0.73 | n.a. | n.a. |
148.00 | 152.00 | 4.00 | 1.25 | n.a. | n.a. |
1Core assay interval lengths are estimated to represent 80-100% of true width.
2Ni-Cu assay results reported today for drill holes DD23MES01, MES02, MES03 and MES04. Determination of Ni and Cu sulfides by atomic absorption spectrometry (AAS).
n.a. = not assayed
At Salvador, magmatic nickel-copper sulfide mineralization occurs in a sulfide-rich peridotitic horizon basal to chromitite reefs. The sulfide mineralization is characterized by up to 5% disseminated to locally semi-massive pyrrhotite, pyrite, pentlandite and chalcopyrite.
The
The future use of electromagnetic (“EM”) geophysical surveys is now under review for Salvador, Trapia 1, and other prospective trends property-wide to aid in the discovery of potential sulfide extensions along strike and down-dip.
Salvador Field Program Highlights
Follow-up soil and Trado® auger assay results confirm PGE mineralization along 1.5 kilometres (“km”) of strike, including 1.1 km of trend outside of the drill-tested zone (see news release dated
- Consistent PGE grades in soils and Trado® defined along 650 m in strike length to the north and an additional 450 m to the south of the area drilled in 2023 (see Figure 1);
- Assay results warrant follow-up trenching to investigate in-situ continuity of the PGE-mineralized ultramafic rocks (“UMs”) along the undrilled trend.
View the
November 7, 2023 : ValOre Reports Final Assay Results from the Salvador Discovery,Pedra Branca Project ;October 17, 2023 : ValOre Reports Near-Surface High-Grade PGE Mineralization in Three Additional Drill Holes at Salvador Discovery,Pedra Branca Project ; 46.05 m at 1.96 g/t 2PGE+Au from 77.15 m, including 10 m at 5.02 g/t 2PGE+Au;October 4, 2023 : ValOre Assays Confirm Palladium-Platinum Discovery at Salvador Target,Pedra Branca Project : 43.85 m at 0.76 g/t 2PGE+Au starting from 45.25 m, incl. 10.85 m at 1.19 g/t 2PGE+Au from 51.3 m;September 5, 2023 : ValOre Drills Chromite-Bearing Sequence at NewSalvador Target and Confirms Resource Expansion Potential at Trapiá 1,Pedra Branca PGE Project ,Brazil .
Figure 1: Plan View of the Salvador Target, highlighting diamond drill hole locations, core assay results, and soil, rock and Trado® mineralization along 1.5 km, including undrilled trend which extends over 1 km in strike length.
Figure 2: Aerial 3D oblique view of the Salvador Target, highlighting diamond drill hole locations and 2PGE+Au assay results. Ni-Cu sulfide assays reported herein for drill holes MES01, MES02, MES03 and MES04. Salvador remains open along strike and at depth.
Figure 3: DD23MES03 strip log showing strong correlation of 2PGE+Au and Ni-Cu sulfide mineralization within the ultramafic sequence.
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The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by
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Figure 1
Plan View of the Salvador Target, highlighting diamond drill hole locations, core assay results, and soil, rock and Trado® mineralization along 1.5 km, including undrilled trend which extends over 1 km in strike length.
Figure 2
Figure 2: Aerial 3D oblique view of the Salvador Target, highlighting diamond drill hole locations and 2PGE+Au assay results. Ni-Cu sulfide assays reported herein for drill holes MES01, MES02, MES03 and MES04. Salvador remains open along strike and at depth.
Figure 3
Figure 3: DD23MES03 strip log showing strong correlation of 2PGE+Au and Ni-Cu sulfide mineralization within the ultramafic sequence.
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