“The application of Trado®, RC and core drilling at Pedra Branca allows us to systematically accelerate the target pipeline, from new discovery to resource expansion,” stated ValOre’s VP of Exploration,
- Fully funded and permitted 8,000 metre drill program:
- 2,000 metres (“m”) of RC drilling, commenced;
- 6,000 m of core drilling, to commence this month;
- First phase of RC drilling will test six property-wide target areas, focusing on three target styles: undrilled new discovery, pre-resource target advancement, and resource expansion;
- Core drilling will return to high priority resource expansion and pre-resource targets successfully drilled in 2020, as well as positive 2021 RC drill results;
- Pre-drilling Trado® auger work will continue property-wide, advancing additional targets to drill-ready stage;
- ValOre continues to receive full support from the local community of Capitão Mor, as well as Ceará State and federal governmental agency, ANM (Agência Nacional de Mineração) for on-going exploration of the
Pedra Branca PGE Project .
Pedra Branca 2021 Drill Program
ValOre has engaged Brazilian drilling companies Servdrill Perfuração e Sondagem (“Servdrill”) and DrillGeo Geologia e Sondagem (DrillGeo) for the fully funded and permitted 2021 drill program at Pedra Branca, which will consist of 2,000 m of RC and 6,000 m of core drilling. The RC drill program has commenced and will test at least six property-wide target areas with a primary focus of undrilled new discovery, pre-resource target advancement, and resource expansion.
The core drilling program will commence this month with the arrival of 1 of 2 diamond drill rigs. Five property-wide target areas will be tested with a primary focus of following up positive RC drill results, advancing targets to inferred resource category and expanding the Trapia and Santo Amaro NI 43-101-defined resources. See Table 1 below for a summary of the 2021 RC and core drilling programs, and CLICK HERE for Figure 1, showing a regional map of 2021 drill targets.
Table 1: Summary Table of 2021 Drill Program
Reverse Circulation Drilling | |||
RC Target | Target Style | Holes Planned | Meters Planned |
2020 Twin Holes | QA / QC (Assay Verification) | 2 | 150 |
Trapia 1 / West / South | New Discovery, Resource Expansion | 10 | 1000 |
Esbarro Northwest | New Discovery | 10 | 250 |
Pre-Resource Target Advancement | 6 | 300 | |
Santo Amaro South | Pre-Resource Target Advancement | 6 | 300 |
TOTAL | 34 | 2,000 | |
DD Target | Target Style | Holes Planned | Meters Planned |
Trapia 1 / 2 / West | Resource Expansion | 20 | 3000 |
C-04 | Pre-Resource Target Advancement | 5 | 500 |
Resource Expansion | 12 | 2000 | |
Additional Targets TBA | (all) | 5 | 500 |
TOTAL | 42 | 6,000 |
About Servdrill Perfuração e Sondagem
Servdrill Perfuracao e Sondagem Ltda. (“Servdrill”) is a Brazilian drilling company founded in 2008 that offers diamond drilling, RC drilling and underground drilling services. Servdrill is based in the
Servdrill is committed to conducting drill programs with high levels of productivity, safety and respect for the environment and community.
About DrillGeo Geologia e Sondagem
DrillGeo Geologia e Sondagem Ltda. (“DrillGeo”) is a Brazilian drilling company founded in 2005 and based in the
DrillGeo strives for maximum quality and efficiency in its operations, valuing safety, sustainability and respect for the environment.
ValOre, Servdrill and DrillGeo COVID-19 Protocols
ValOre together with Servdrill and DrillGeo will continue to operate with the strictest of COVID protocols in place to protect the health of employees, contractors, and communities.
As part of the safety protocol, the companies have implemented daily screening procedures, temperature monitoring, self-assessment checklists and issued directives regarding social distancing to ensure a safe environment for operations. An extensive procedural guide on hygiene and conduct to be adopted daily during and after work hours.
These decisions reinforce the companies’ objective of preventing the transmission of COVID-19 among its employees, contractors, and the communities proximal to drilling activities.
Qualified Person (QP)
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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This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.
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