VALORE METALS CORP. “ValOre’s exploration team continues to successfully utilize Trado® auger drilling and trenching to identify near surface palladium-platinum mineralization at multiple targets property wide,” stated ValOre’s VP of Exploration,
Galante East Trenching Highlights:
Assays have been received for 6 of 7 trenches, with all 6 trenches returning PGE mineralization, including:
- 53 metres (“m”) grading 0.59 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), including 6 m grading 1.07 g/t 2PGE+Au and 3 m grading 1.44 g/t 2PGE+Au in trench TR22GE01;
- 31 m grading 0.83 g/t 2PGE+Au, including 16 m grading 1.39 g/t 2PGE+Au and 4 m grading 3.86 g/t 2PGE+Au in trench TR22GE02;
- 19 m grading 0.54 g/t 2PGE+Au including 2 m grading 1.40 g/t 2PGE+Au in TR22GE05.
Assays are pending for the southernmost trench, TR22GE07, which intercepted 90 m of ultramafic and ultramafic-derived rocks ("UM” and “UM-derived”).
Galante East 2022 Exploration Program
The Galante East target is a 3-km-long prospective geological corridor located 7 km south-southwest of
Previously reported reconnaissance mapping and prospecting, soil sampling and Trado® auger programs served to corroborate and refine the historically mapped target UM intrusions and associated PGE mineralization, and supported the completion of a 2022 trenching program to further advance this undrilled 3-km-long trend. (CLICK HERE for news release dated
Detailed mapping and sampling were performed at seven trenches excavated at the Galante East target (471 metres in total length), with target UM intrusions intercepted in all 7 trenches, and initial PGE assays reported in this release for 6 of 7 trenches (TR22GE01 to TR22GE06). Assays are pending for trench TR22GE07. See Table 1 below for a summary of trench assays received to date, Figure 2 for photographs, and Figures 3a-3b for cross sections of trenches TR22GE01 and TR22GE02.
Table 1: Trench assays reported to date for Galante East Target.
| Trench ID | From (m) | To (m) | *Length (m) | 2PGE+Au (g/t) | Summary Interval |
| TR22GE01 | 32.00 | 85.00 | 53.00 | 0.59 | 53 m grading 0.59 g/t 2PGE+Au incl. 6 m grading 1.07 g/t 2PGE+Au and 3 m grading 1.44 g/t 2PGE+Au |
| 43.00 | 49.00 | 6.00 | 1.07 | ||
| 65.00 | 68.00 | 3.00 | 1.44 | ||
| TR22GE02 | 20.00 | 51.00 | 31.00 | 0.83 | 31 m grading 0.83 g/t 2PGE+Au incl. 16 m grading 1.39 g/t 2PGE+Au and 4 m grading 3.86 g/t 2PGE+Au |
| 25.00 | 41.00 | 16.00 | 1.39 | ||
| 37.00 | 41.00 | 4.00 | 3.86 | ||
| TR22GE03 | 48.00 | 59.00 | 11.00 | 0.38 | 11 m grading 0.38 g/t 2PGE+Au |
| TR22GE04 | 13.00 | 15.00 | 2.00 | 0.35 | 2 m grading 0.35 g/t 2PGE+Au and 5 m grading 0.26 g/t 2PGE+Au |
| 26.00 | 31.00 | 5.00 | 0.26 | ||
| TR22GE05 | 15.00 | 34.00 | 19.00 | 0.54 | 19 m grading 0.54 g/t 2PGE+Au incl. 2 m grading 1.40 g/t 2PGE+Au |
| 21.00 | 23.00 | 2.00 | 1.40 | ||
| TR22GE06 | 3.00 | 22.00 | 19.00 | 0.31 | 19 m grading 0.31 g/t 2PGE+Au and 2 m grading 0.25 g/t 2PGE+Au |
| 36.00 | 38.00 | 2.00 | 0.25 |
*Reported trench assay interval lengths are channel samples and estimated to represent 70-80% true width
Figure 1: Plan map of Galante East, highlighting 2022 trenches along the main mineralized trends is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c7ed9c87-56c9-4840-ac00-3ed6dc57e6a1
Figure 2: Photographs from trenching at Galante East (A and B), and a chromite-rich peridotite sample (C) collected at trench TR22GE01 from an interval assaying 1.07 g/t 2PGE+Au over 6 m is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f5df8826-48b1-4029-a97e-1b8cc05b931d
Figure 3a: Trench TR22GE01 cross section, Galante East, highlighting geology, assays, and proximal Trado® auger drilling is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/22d51b41-3d96-4449-b4e9-fdd14eb761f2
Figure 3b: Trench TR22GE02 cross section, Galante East, highlighting geology and assays is available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/ee5e3442-c2c7-4606-b3ca-8495d8aa18ea
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.
Galante East
Figure 1: Plan map of Galante East, highlighting 2022 trenches along the main mineralized trends.
Galante East
Figure 2: Photographs from trenching at Galante East (A and B), and a chromite-rich peridotite sample (C) collected at trench TR22GE01 from an interval assaying 1.07 g/t 2PGE+Au over 6 m.
Galante East
Figure 3a: Trench TR22GE01 cross section, Galante East, highlighting geology, assays, and proximal Trado® auger drilling.
Galante East
Figure 3b: Trench TR22GE02 cross section, Galante East, highlighting geology and assays.
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