Valorem Announces a 2021 Exploration Program On the Black Dog Lake Gold Property, Quebec
Valorem Announces a 2021 Exploration Program
On the Black Dog Lake Gold Property, Quebec
Vancouver, British Columbia. April 26, 2021 - VALOREM RESOURCES INC . (the
“Company” or “Valorem”) (CSE: VALU) (Frankfurt: 1XW1), a gold exploration company and
the optionee of an undivided one hundred percent (100%) interest in and to the Black Dog Lake
Property, is pleased to announce that it has planned a 2021 exploration and fieldwork program
on the Black Dog property located in James Bay area, northern Quebec, Canada.
The 2021 initial exploration work program on the Black Dog property will consist of a ground
geophysical survey, surface exploration and rock sampling.
Ground geophysical surveys utilizing OreVision®2D and MAG-GPS
OreVision®2D, a=25 and n= 1 to 10 for a depth of investigation of 110 meters. OreVision®
can reveal targets at a greater depth than conventional IP without compromising near -surface
resolution. OreVision® technology enables us to read a large number of dipole spacings along
individual survey lines and combine the results into a 3D interpretation. The MAG-GPS survey
will be completed immediately prior to the OreVision survey.
Image 1: Black Dog Lake Property Survey Area Map
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Details of the OreVision and the Mag -GPS surveys, to be conducted by Abitibi Geophysics
Inc., will traverse an area located within the following coordinates:
NE corner (412305 E - 5785400 N)
NW corner (411500 E - 5785400 N)
SE corner (412305 E - 5785000 N)
SW corner (411500 E - 5785000 N)
Within these coordinates, the Black Dog prospect was discovered by Eastmain Resources in
1988. Five holes were drilled in this area resulting in 15.2g/t Au /.62 meters, 5.6 g/t over I
meter and 4.3g/t over 0.88 meter of silicified carbonatized sulphide iron formation host rock.
Ground geophysical surveys will be conducted over the same area in order to provide new
targeting information for the upcoming drilling campaign. The grid will generate 7.2 line -km
of Geophysical d ata over a zone 800 meters long by 400 meters wide, on 50 meters spaced
lines. The survey is designed to capture the easterly trending significant regional structure that
controls Black Dog mineralization. It is expected that the OreVision and the Mag-GPS surveys
will help locate these structures and provide targeting support for new drilling along the target
area of Black Dog.
The new OreVision and the Mag -GPS surveys will be a key tool in developing additional
targets immediately surrounding the Black Do g prospect. We look forward to the results and
the upcoming drilling program to expand the Black Dog deposit.
Prospecting, geology and rock sampling program will be conducted over the main target area
of Black Dog gold prospect in order to prospect and roc k sample areas of soil anomalies
previously detected. The 2021 exploration program and its subsequent results will be utilized
in planning the first phase drilling program.
Image 2: Black Dog Property Target Location Map
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Qualified Person:
This press release was compiled, reviewed and approved by Dr. Stewart A Jackson, P Geo., a
Qualified Person as defined under National Instrument 43 -101, and independent of the
Company.
About Valorem Resources Inc.
Valorem explores and develops precious metal properties in the Americas.
For further details and maps, please see:
https://valoremresources.com/
ON BEHALF OF THE BOARD - Valorem Resources Inc.
Tony Louie, Interim CEO and Director
Email: [email protected]
Office: 888.795.6268
This news release includes certain statements that may be deemed “forward -looking
statements”. All statements in this release, other than statements of historical facts, including
the likelihood of commercial mining and possible future financings are forward -looking
statements. Although the Company believes the expectations expressed in such forward -
looking statements are based on reasonable assumptions, such sta tements are not guarantees
of future performance and actual results or developments may differ materially from those in
the forward-looking statements. Factors that could cause actual results to differ materially
from those in forward-looking statements include unsuccessful exploration results, changes in
metals prices, changes in the availability of funding for mineral exploration, unanticipated
changes in key management personnel and general economic conditions. Mining is an
inherently risky business. A ccordingly, the actual events may differ materially from those
projected in the forward -looking statements. For more information on the Company and the
risks and challenges of its business, investors should review the Company's annual filings
which are available at www.sedar.com