Regional Exploration Work Generates Santo Amaro South RC Drilling Discovery: 32 m interval grading 1.65 g/t 2PGE+Au from surface
Regional Exploration Work Generates Santo Amaro South RC Drilling Discovery:
32 m interval grading 1.65 g/t 2PGE+Au from surface
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX ‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the
Company”) today announced a Reverse Circulation (“RC”) drilling discovery at ValOre’s 100% -owned
Pedra Branca Platinum Group Element s (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern
Brazil.
“ValOre rapidly advanced the Santo Amaro South target to drill -ready stage by the implementation of
systematic 2021 mapping, Trado® auger drilling and trenching, ” stated ValOre’s VP of E xploration, Colin
Smith. “RC drill hole RC21SAS03 confirms the presence of broad high-grade surface PGE mineralization
at Santo Amaro South and further validates ValOre’s sequential exploration methodology, which has been
re-initiated to expand upon the discovery hole.”
Highlights of Santo Amaro South RC Drilling Discovery:
• Drill hole RC21SAS03*
o 32 metres (“m”) grading 1.65 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”)
from surface, incl. 6 m grading 3.07 g/t 2PGE+Au from 2.00 m;
• Near-surface (15 m or less) PGE mineralization intersected in all five 2021 RC holes;
• RC drill targets developed from 2021 Trado® auger drilling and trenching results (CLICK HERE
for news release dated March 23, 2021), further validating ValOre’s systematic exploration
methodology;
• Excellent exploration upside characterized by a >1-kilometre (“km”) long ultramafic (“UM”) trend
identified by geological mapping, and an 800 x 400 m PGE-in-soils and magnetic anomaly;
• Follow-up Trado ® auger drilling is on -going to further investigate the along -strike, near -surface
extension of PGE mineralization, and subsequent diamond drilling is planned to expand upon the
high-grade mineralization intersected in drill hole RC21SAS03.
*Reported assay interval lengths are core lengths, and are estimated to be 90-100% true width
Santo Amaro South Target and 2021 Exploration Summary
The Santo Amaro South (“SAS”) target is located in the northern project area, 1.5 km south of the Santo
Amaro deposit, which is included in ValOre’s global 2019 NI 43- 101 Pedra Branca inferred resource of
1,067,000 ounces (“oz”) 2PGE+Au in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au. CLICK HERE
for a regional map of Santo Amaro South target and Pedra Branca project (Figure 1).
As part of ValOre’s exploration methodology (CLICK HERE for news release dated July 12, 2021), SAS
was identified as a highly prospective and underexplored target based on extensive historical soil and
geophysical anomalies, and the presence of multi -class WorldView spectral signatures (CLICK HERE for
additional information on WorldView spectral data). Detailed 2021 field mapping and prospecting defined a
greater than 1 -km-long belt of target UM rocks, associated with strong magnetic and geochemical
anomalism.
Systematic Trado® auger drilling was performed along- trend, with 19 vertical holes ( 71 total samples),
confirming the presence target UM rocks and continuity of surface PGE mineralization. Five linear east-
west trenches (398 m total) were subsequently excavated, with channel sample assays confirming surface
in-situ PGE mineralization in 4 out of the 5 trenches (CLICK HERE for news release dated March 23, 2021).
Trado® hole logging, trench mapping, and subsequent assay results served to define multiple un- drilled,
north-south-trending mineralized UM packages which exceed ed 400 m in length and remain open along
both directions of geological trend. CLICK HERE for a plan map of the SAS target (Figure 2).
SAS was tested with five 2021 vertical RC drill holes ( totaling 282 m), with all 5 holes returning PGE -
mineralized assays over a geological trend of 400 m. A broad, surface PGE discovery was made in RC drill
hole RC21SAS03, which assayed 32 m grading 1.65 g/t 2PGE+Au from surface, including 6 m grading 3.07
g/t 2PGE+Au from 2 m. Table 1 below summarizes highlight intervals from 2021 RC drilling at SAS. CLICK
HERE for a cross section of drill hole RC21SAS03 (Figure 3).
Table 1: Santo Amaro South RC Drilling Highlights
Hole ID From
(m)
To
(m)
Length*
(m)
2PGE+Au
(g/t)
2PGE+Au
Interval Summary
RC21SAS01 0 11 11 0.21 11 m grading 0.21 g/t 2PGE+Au from surface
RC21SAS01A 6 22 16 0.26 16 m grading 0.26 g/t 2PGE+Au from 6 m
RC21SAS02
14 21 7 0.20 7 m grading 0.20 g/t 2PGE+Au from 14 m
and 19 m grading 0.23 g/t 2PGE+Au from 60 m 60 79 19 0.23
RC21SAS03
0 32 32 1.65 32 m grading 1.65 g/t 2PGE+Au from surface
incl. 6 m grading 3.07 g/t 2PGE+Au from 2 m
and 2 m grading 2.08 g/t 2PGE+Au from 23 m
2 8 6 3.07
23 25 2 2.08
RC21SAS04 6 19 13 0.15 13 m grading 0.15 g/t 2PGE+Au from 6 m
* Reported assay interval lengths are core lengths, and are estimated to be 90-100% true width
On-Going Exploration, Santo Amaro South
Additional Trado® auger drilling is on -going to follow -up the best Trado ® and RC assays to date and to
further investigate the near-surface continuity of PGE mineralization along strike. Subsequent diamond
drilling is planned to expand upon the high-grade mineralization intersected in drill hole RC21SAS03.
RC Drilling and Sampling Methodology
RC drill holes are drilled in 3-metre-long by 4.5-inch diameter run lengths. One large sample is collected
every metre, dried out by the cyclone, and deposited directly into previously labeled plastic sample bags. If
the material is dry, the cyclone is cleaned every 3 metres with pressurized air. If humid or wet, the cyclone
is cleaned at every metre. Each sample is weighed at the drill site, with an average of 20- 30 kilograms
(“kg”) per obtained sample (for 100% recovery). A representative sample is collected, sieved, and washed
to remove excess dust. This sample is then deposited into a plastic chip case for logging procedures and
future reference. Magnetic susceptibility measurements are taken at the drill site for each metre-long
interval. The large samples collected from the cyclone are transported to a secure sampling and splitting
facility in Capitão Mor. Each sample goes into a Jones Riffle Splitter, and 2 aliquots of approximately 2 kg,
and minimum of 500 grams (“g”), are collected into two new sample bags . One sample is retained at site
as archive, and the other is submitted for assay. The splitter is cleaned before the splitting of every new
sample in a two- step procedure: (1) initially and manually with a paint brush; and (2) thereafter with
pressurized air. The residual volume of each sample material is discarded. A strict Quality Control/Quality
Assurance (“QA/QC”) program is applied to all samples, which included insertion of certified mineralized
standards, blank samples and duplicates in every batch sent for assays.
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 Colin Smith, P.Geo., ValOre’s QP and
Vice President of Exploration.
About ValOre Metals Corp.
ValOre Metals Corp. (TSX ‐V: VO) is a Canadian company with a portfolio of high‐ quality exploration
projects. ValOre’s team ai ms to deploy capital and knowledge on projects which benefit from substantial
prior investment by previous owners, existence of high- value mineralization on a large scale, and the
possibility of adding tangible value through exploration, process improvement, and innovation.
In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE)
property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects
in Canada.
The Pedra Branca PGE Project comprises 51 exploration licenses covering a total area of 55,984 hectares
(138,339 acres) in northeastern Brazil . At Pedra Branca, 5 distinct PGE+Au deposit areas host, in
aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+ Au contained in 27.2 million tonnes
grading 1.22 g/t 2PGE+Au ( CLICK HERE for ValOre’s July 23, 2019 news release). All the currently
estimated Pedra Branca inferred PGE resources are potentially open pittable.
Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak
Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of
2,831,000 tonnes grading 0.69% U 3O8, totaling 43.3 million pounds U 3O8. For disclosure related to the
inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release
dated March 1, 2013.
ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner
Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company
to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and
is committed to building shareholder value while adhering to high levels of environmental and safety
standards and proactive local community engagement.
On behalf of the Board of Directors,
“Jim Paterson”
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about ValOre Metals Corp. , or this news release, please visit our website at
valoremetals.com or contact Investor Relations at 604.653.9464, or by email at [email protected].
ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit:
discoverygroup.ca
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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
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