“We are very encouraged with the potential of both the Nambi and São Francisco targets, as they evolve into excellent drill targets for Q1, 2023,” stated ValOre’s VP of Exploration,
Nambi Trenching PGE Assay Highlights:
- 17 metres (“m”) grading 0.80 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), incl. 6.0 m grading 1.65 g/t 2PGE+Au – Trench TR22NB03;
- 6.0 m grading 1.28 g/t 2PGE+Au, incl. 4.0 m grading 1.77 g/t 2PGE+Au – Trench TR22NB02;
- 10 m grading 0.84 g/t 2PGE+Au, incl. 3.0 m grading 1.65 g/t 2PGE+Au – Trench TR22NB01.
São
- 2.5 m grading 1.05 g/t 2PGE+Au from surface – Trado® hole AD22SF02;
- 5.0 m grading 0.66 g/t 2PGE+Au from surface – Trado® hole AD22SF03;
- 1.5 m grading 0.89 g/t 2PGE+Au from surface – Trado® hole AD22SF012;
- 2.5 m grading 0.65 g/t 2PGE+Au from surface – Trado® hole AD22SF09.
Exploration Update Summary
Nambi and São Francisco represent pipeline targets under evaluation by ValOre’s sequential exploration methodology, which assesses the near-surface PGE potential of showings throughout the Pedra Branca district. CLICK HERE for São Francisco news release dated
At Nambi, 4 trenches totaling 108 m all exposed target ultramafic (“UM”) rocks, establishing an in situ geological trend of approximately 1.2 km. PGE assays are reported herein for trenches TR22NB01 to TR22BB03 (Table 1) and 31 sample results are pending for the final trench (TR22NB004 – 31 m in length), which intercepted 21 m of UMs.
At São Francisco, a total of 73 m in 20 Trado® auger holes have been drilled, with UMs encountered in all holes (61 m total). Assays are reported herein for 14 holes (Table 2) and are pending for 6 holes. Follow-up trenching is in progress, with 182 m in 4 trenches excavated thus far, and an aggregate of 123 m of UMs encountered in all trenches.
Trado® end of hole (“EOH”) depths typically represent that the auger has entered impenetrable bedrock, so mineralization and UM rocks present at EOH remain open at depth and require follow-up core or RC drilling.
Follow-up field exploration campaigns are in progress to assess prospectivity along trends at Nambi and São Francisco. To date, both targets meet the criteria of zones which warrant further testing by core and/or RC drilling.
Table 1: Trench Channel Sample Assay Highlights for
Target | Trench ID | From (m) | To (m) | Length (m) | 2PGE+Au (g/t) | 2PGE+Au Interval Summary* |
Nambi | TR22NB01 | 16 | 26 | 10 | 0.84 | 10 m grading 0.84 g/t 2PGE+Au |
22 | 25 | 3 | 1.65 | incl. 3 m grading 1.65 g/t 2PGE+Au | ||
Nambi | TR22NB02 | 10 | 16 | 6 | 1.28 | 6 m grading 1.28 g/t 2PGE+Au |
12 | 16 | 4 | 1.77 | incl. 4 m grading 1.77 g/t 2PGE+Au | ||
Nambi | TR22NB03 | 3 | 20 | 17 | 0.8 | 17 m grading 0.80 g/t 2PGE+Au |
9 | 15 | 6 | 1.65 | incl. 6 m grading 1.65 g/t 2PGE+Au |
*Reported trench assay interval lengths are channel samples and estimated to represent 85-90% true width.
Table 2: Trado® Auger Drilling Highlights for São
Target | Hole ID | From (m) | To (m) | Length (m) | 2PGE+Au (g/t) | 2PGE+Au Interval Summary |
São Francisco | AD22SF01 | 0 | 7 | 7 | 0.29 | 7 m grading 0.29 g/t 2PGE+Au from surface |
São Francisco | AD22SF02 | 0 | 2.5 | 2.5 | 1.05 | 2.5 m grading 1.05 g/t 2PGE+Au from surface |
0 | 1 | 1 | 2.14 | incl. 1 m grading 2.14 g/t 2PGE+Au from surface | ||
São Francisco | AD22SF03 | 0 | 5 | 5 | 0.66 | 5 m grading 0.66 g/t 2PGE+Au from surface |
São Francisco | AD22SF05 | 0 | 4 | 4 | 0.22 | 4 m grading 0.22 g/t 2PGE+Au from surface |
São Francisco | AD22SF06 | 0 | 4 | 4 | 0.27 | 4 m grading 0.27 g/t 2PGE+Au from surface |
São Francisco | AD22SF07 | 0 | 2 | 2 | 0.26 | 2 m grading 0.26 g/t 2PGE+Au from surface |
São Francisco | AD22SF08 | 0 | 2 | 2 | 0.13 | 2 m grading 0.13 g/t 2PGE+Au from surface |
São Francisco | AD22SF09 | 0 | 2.5 | 2.5 | 0.65 | 2.5 m grading 0.65 g/t 2PGE+Au from surface |
1 | 2 | 1 | 1.11 | incl. 1 m grading 1.11 g/t 2PGE+Au from 1 m | ||
São Francisco | AD22SF10 | 0 | 10 | 10 | 0.22 | 10 m grading 0.22 g/t 2PGE+Au from surface |
São Francisco | AD22SF11 | 1 | 2 | 1 | 0.13 | 1 m grading 0.13 g/t 2PGE+Au from 1 m |
São Francisco | AD22SF12 | 0 | 1.5 | 1.5 | 0.89 | 1.5 m grading 0.89 g/t 2PGE+Au from surface |
São Francisco | AD22SF13 | 0 | 1.7 | 1.7 | 0.19 | 1.7 m grading 0.19 g/t 2PGE+Au from surface |
São Francisco | AD22SF14 | 0 | 3 | 3 | 0.24 | 3 m grading 0.24 g/t 2PGE+Au from surface |
Figure 1: Plan map of the Nambi target, locating 2022 trenches excavated along the main mineralized trend.
https://www.globenewswire.com/NewsRoom/AttachmentNg/b5713348-b2d3-438e-89a8-a2e9667bb342
Figure 2: Plan map of the São Francisco target, locating Trado® auger holes drilled along the main mineralized trend.
https://www.globenewswire.com/NewsRoom/AttachmentNg/d03cb0cc-aaeb-4cd2-8f8d-f24e632954fa
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: Plan map of the Nambi target, locating 2022 trenches excavated along the main mineralized trend.
Figure 1: Plan map of the Nambi target, locating 2022 trenches excavated along the main mineralized trend.
Figure 2: Plan map of the São Francisco target, locating Trado® auger holes drilled along the main mineralized trend.
Figure 2: Plan map of the São Francisco target, locating Trado® auger holes drilled along the main mineralized trend.
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