“Phase 2 geochemical results from Galante East suggest the presence of undrilled, shallow, PGE-mineralized intrusions,” stated ValOre’s VP of Exploration,
Galante Target Exploration Program Highlights:
- Infill soils program confirms the cumulative 3-kilometre-long (“km”) palladium-platinum soil anomaly and delineates priority zones of consistent strong PGE mineralization at surface;
- Three significant anomalies have been defined for priority follow-up trenching, including the northern zone with consistent high-grade PGE mineralization along 600 m of geological trend, and 50 to 100 metres (“m”) width, including:
- Soil PGE grades averaging 200-300 ppb palladium + platinum + gold (“2PGE+Au”), with individual soil samples exceeding 800 ppb 2PGE+Au;
- The main zones are associated with compelling Trado® auger and rock assay results previously reported (92 Trado® auger holes, 255 m augered), including:
- 5.0 m grading 1.48 g/t 2PGE+Au from surface
- 2.0 m grading 2.95 g/t 2PGE+Au from surface
- 3.8 m grading 1.18 g/t 2PGE+Au from surface.
Galante East 2022 Exploration Program
The Galante East target is 3-km-long prospective geological corridor located 7 km south-southwest of
Previously reported regional geological mapping and prospecting, soil sampling and Trado® auger programs, corroborated and refined the historically mapped target ultramafic (“UM”) intrusions and associated PGE mineralization, and supported the completion of an infill soil sampling program, with two additional soil lines infilling the 200-m-spaced lines from the regional survey (CLICK HERE for news release dated
Soil assays here reported further delineate palladium-platinum anomalies of approximately 3 km in cumulative length and identified 3 high-priority anomalies within the undrilled 3-km-long trend for immediate follow-up trenching. See Figure 1 below for a plan map of Galante East.
The “Northern Zone” soil anomaly extends over 1.8 km in length, with continuous palladium and platinum mineralization returned in soils and Trado® auger holes. A strong 600-m-long PGE response is hosted within this trend, and represents the broadest and longest high-tenor anomaly at Galante East. See Figure 2 below for a detailed plan map of the
Follow-up trenching has commenced, with excavation of 8 trenches totaling approximately 700 m in length.
Figure 1: Plan map of Galante East, highlighting the high-priority mineralized zones, previously reported Trado® auger assays, and follow-up trenches.
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Figure 2: Photographs of the Galante East area, showing paved
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About the Trado® Auger and Trenching methodology
CLICK HERE for more information regarding Trado® Auger and Trenching methodology
Quality Control/Quality Assurance (“QA/QC”) and Grade Interval Reporting
CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.
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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Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory,
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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.
Figure 1: Plan map of Galante East, highlighting the high-priority mineralized zones, previously reported Trado® auger assays, and follow-up trenches.
Figure 1: Plan map of Galante East, highlighting the high-priority mineralized zones, previously reported Trado® auger assays, and follow-up trenches.
Figure 2: Photographs of the Galante East area, showing paved Highway 226 and existing electrical powerlines, which both crosscut the target.
Figure 2: Photographs of the Galante East area, showing paved Highway 226 and existing electrical powerlines, which both crosscut the target.
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