“Our geological team continues to deliver at the Pedra Branca palladium-platinum project. Tróia joins Ipueiras and Galante East in our pipeline of drill-ready targets,” stated ValOre’s V.P. of Exploration,
Tróia Trenching Highlights:
Six of seven trenches returned significant intervals of PGE mineralization at surface, including:
- 42 metres (“m”) grading 0.87 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), including 10 m grading 1.72 g/t 2PGE+Au in trench TR22TR04;
- 28 m grading 0.91 g/t 2PGE+Au, including 12 m grading 1.73 g/t 2PGE+Au in trench TR22TR01;
- 26 m grading 0.82 g/t 2PGE+Au in trench TR22TR02;
- 16 m grading 1.30 g/t 2PGE+Au in trench TR22CC01.
Tróia Target Exploration Program
ValOre conducted detailed geological mapping and prospecting along the 1-km-long anomalous trend at Tróia, a target located 4.5 km north-northeast of Massapê (129,000 oz 2PGE+Au grading 1.21 g/t in 3.31 Mt) and 8 km north of Trapia (885,000 oz 2PGE+Au grading 0.96 g/t in 27.8 Mt). The trend was subsequently followed up with 72 Trado® auger holes totaling 206 m, with ultramafics (“UM”) encountered in 19 Trado® holes.
PGE assays previously reported from Trado® auger drilling and rock sampling, which included 23.01 g/t 2PGE+Au and 12.00 g/t 2PGE+Au (CLICK HERE for news release dated
Trench mapping and assays indicate a strong potential for continuity between the northern trench (TR22CC01) and the main zone (trenches TR22TR01 to TR22TR006), despite the lack of surface exposure in between. Detailed follow-up mapping and prospecting has commenced to further investigate this gap zone.
Table 1: Trenching Highlights for Tróia Target
Trench ID | From (m) | To (m) | Length (m) | 2PGE+Au (g/t) | Interval Summary* |
TR22TR01 | 15 | 43 | 28 | 0.91 | 28 m grading 0.91 g/t 2PGE+Au incl. 12 m grading 1.73 g/t 2PGE+Au |
16 | 28 | 12 | 1.73 | ||
TR22TR02 | 19 | 45 | 26 | 0.82 | 26 m grading 0.82 g/t 2PGE+Au |
TR22TR03 | 10 | 27 | 17 | 0.61 | 17 m grading 0.61 g/t 2PGE+Au incl. 4 m grading 1.06 g/t 2PGE+Au |
16 | 20 | 4 | 1.06 | ||
TR22TR04 | 0 | 42 | 42 | 0.87 | 42 m grading 0.87 g/t 2PGE+Au incl. 10 m grading 1.72 g/t 2PGE+Au |
8 | 18 | 10 | 1.72 | ||
TR22TR05 | 5 | 16 | 11 | 0.20 | 11 m grading 0.20 g/t 2PGE+Au incl. 4 m grading 0.32 g/t 2PGE+Au |
10 | 14 | 4 | 0.32 | ||
TR22CC01 | 27 | 43 | 16 | 1.30 | 16 m grading 1.30 g/t 2PGE+Au |
*Reported trench assay interval lengths are channel samples and estimated to represent 75-85% true width.
Figure 1: Tróia Target Plan Map, highlighting trench locations and assays.
https://www.globenewswire.com/NewsRoom/AttachmentNg/14eb0b15-a56c-4231-9ee1-2c94578bf26a
Figure 2: Photographs from trenching at the Tróia Target, highlighting chromitite reef horizons and chromite-rich ultramafics.
https://www.globenewswire.com/NewsRoom/AttachmentNg/7bafb4b9-0d71-491d-a47e-2e37c76965c4
Figure 3a: Trench TR22TR02 cross section, Tróia Target, highlighting geology, assays, and proximal Trado® auger drilling.
https://www.globenewswire.com/NewsRoom/AttachmentNg/1a9115fb-6939-48f1-8888-a6dfcf96c5ac
Figure 3b: Trench TR22CC01 cross section, Tróia Target, highlighting geology, assays, and proximal Trado® auger drilling.
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9d1e6d2-01db-4aad-b6e1-56318e0a7073
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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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: Tróia Target Plan Map, highlighting trench locations and assays.
Figure 1: Tróia Target Plan Map, highlighting trench locations and assays.
Figure 2: Photographs from trenching at the Tróia Target, highlighting chromitite reef horizons and chromite-rich ultramafics.
Figure 2: Photographs from trenching at the Tróia Target, highlighting chromitite reef horizons and chromite-rich ultramafics.
Figure 3a: Trench TR22TR02 cross section, Tróia Target, highlighting geology, assays, and proximal Trado® auger drilling.
Figure 3a: Trench TR22TR02 cross section, Tróia Target, highlighting geology, assays, and proximal Trado® auger drilling.
Figure 3b: Trench TR22CC01 cross section, Tróia Target, highlighting geology, assays, and proximal Trado® auger drilling.
Figure 3b: Trench TR22CC01 cross section, Tróia Target, highlighting geology, assays, and proximal Trado® auger drilling.
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