Valorem Resources Inc Files NI 43-101 Technical Report on the Black Dog Lake Property, Quebec
Valorem Resources Inc Files NI 43-101 Technical Report on the
Black Dog Lake Property, Quebec
Vancouver, December 15th, 2020 – Valorem Resources Inc , (CSE -VALU) (the “Company” or
“Valorem”) is pleased to announce that it has completed a Technical Report, in accordance with National
Instrument 43-101, for the Black Dog Lake Property (the “Property” or “Project”) , Quebec, and has filed
on SEDAR (System for Electronic Document Analysis and Retrieval). The Technical Report was
prepared by Da rren L. Smith, M.Sc., P.Geo., of Dahrouge Geological Consulting Ltd., and titled
“Technical Report on the Black Dog Lake Property, Quebec, Canada”, effective date December 8th, 2020.
The Company has an exclusive option to acquire an undivided 100% interest in the Black Dog Lake
Property over a three-year period (see news release dated August 7th, 2020).
The Black Dog Lake Property is an early stage exploration project, which has been the subject of several
exploration campaigns by multiple companies since the 1970s. Appreciable gold mineralization has been
confirmed to be present on the Property within a sulphide -facies banded iron formation (the “Black Dog
Zone”) and represents the primary explorati on target on the Property. In addition, a series of east -west
trending conductors, IP anomalies, and magnetic trends are prevalent across the southern half of the
Property and parallel the northern contact of the Mistumis Batholith. Collectively, these fea tures
demonstrate additional exploration potential on the Property. A total of five (5) target areas have been
identified on the Property, highlighted by the Black Dog Zone.
The mineralization at the Black Dog Zone has a current interpreted extent of least 600 m in length and
extends at least 100 m down dip, is steeply dipping, and has an apparent thickness of 0.6 to 3.6 m. The
zone remains open along strike and at depth and h as been tested at wide drill spacings. The grades of drill
core intercepts include; 15.2 g/t Au over 0.6 m (in LH -88-01); 5.6 g/t Au over 1.1 m (in LH -88-02);
and 4.3 g/t Au over 0.88 m (in LH -88-03), and indicate a fertile environment for mineralization, and
therefore, potential to extend to other areas of the Property. The zone is coincident with local EM
conductors, magnetic trends, and anomalous gold in surface samples, which collectively indicate
additional strike potential is present.
The Company intends to carry-out the recommended exploration work on the Property , which includes a
Phase I program of prospecting, trenching, mapping, and potentially ground geophysics , followed by a
Phase II program focused on diamond drilling.
The Company a lso announces that it has entered into a services agreement with Bello Capital Partners
(“Bello”) dated December 15, 2020 (the “Service Agreement”), pursuant to which Bello will provide and
manage a comprehensive digital media marketing campaign for monthly c ash consideration of $15,000 +
GST. The term of the Service Agreement is for an initial period of 12 months. The campaign includes, but
is not limited to, content development, web development, media buying and distribution, and campaign
reporting and optim ization. Neither Bello nor any of its directors or officers hold, directly or indirectly,
any securities of Valorem. The services provided by Bello may be subject to CSE approval.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre
des Géologues du Québec and Qualified Person as defined by National Instrument 43 -101, supervised the
preparation of the technical information in this news release.
About Valorem Resources Inc
Valorem explores and develops precious metals properties in the Americas.
For further details and maps, please see:
https://valoremresources.com/
Reference: Lavoire, J., 2014. Technical Report and Recommendations 2014 Geological Exploration
Program Opinaca-Black Dog Property, Quebec. Virginia Mines report GM68876, 82 p.
ON BEHALF OF THE BOARD - Valorem Resources Inc.
(signed) Gregory M Thomas, President
Email: [email protected]
Phone: 604-283-6110
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 forwa rd-looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements 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.
Accordingly, 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