ValOre Accelerates Regional Trado® Exploration; Trado® interval assays 16 m at 1.22 g/t 2PGE+Au from surface at Trapia
ValOre Accelerates Regional Trado® Exploration;
Trado® interval assays 16 m at 1.22 g/t 2PGE+Au from surface at Trapia South
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX ‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the
Company”) today provided an update from ValOre’s 100%-owned Pedra Branca Platinum Group Element
(“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil , where exploration employing the
Trado® auger has identified multiple zones of near surface mineralization.
“While commonly used throughout Brazil, ValOre was the first company to use the Trado® auger for
exploration at Pedra Branca. This cost-effective and highly portable tool led us to multiple subsequent
drilling discoveries and played an important preliminary role in the successful resource expansion drilling
in 2021,” stated ValOre’s VP of Exploration, Colin Smith. “The Trado® collects metre-by-metre samples of
overburden for geochemical assay and drills into the tops of weathered bedrock, giving a real-time viewpoint
into geology under cover. Given the continued success of the tool, ValOre has purchased a second auger
unit to accelerate property-wide exploration.”
Trado® Auger Exploration Highlights
• 235 auger holes totaling 818.3 metres (“m”) have tested 9 property-wide targets to date,
intercepting 430.5 m of target ultramafic (“UM”) rocks under cover, with 863 samples submitted for
assay;
• Trado® end of hole (“EOH”) depths typically represent that the auger has entered impenetrable
unweathered to less weathered bedrock, so it is typical that mineralization and UMs remain fully
open at depth and require follow-up core or Reverse Circulation (“RC”) drilling;
• Auger assay highlights include:
o 16 m grading 1.22 g/t 2PGE+Au from surface (new result from Trapia South target)
o 12 m grading 1.73 g/t 2PGE+Au from surface (led to drilling discovery at Esbarro NW target)
o 9.0 m grading 2.09 g/t 2PGE+Au from surface (led to drilling discovery at Esbarro NW target)
o 10 m grading 1.64 g/t 2PGE+Au from surface (led to drilling discovery at Santo Amaro South
target;
• A second Trado® auger has been purchased to be deployed in early February.
Trado® Auger Exploration at Pedra Branca
The Trado® auger has become a cornerstone exploration tool at Pedra Branca, serving to rapidly advance
the district-wide target pipeline, and leading to multiple successful drill campaigns in 2021. S ystematic
Trado® auger fences on 40-60 m hole spacings effectively demarcate target UM intrusions hidden under
cover and test the presence of near-surface mineralization with subsequent assay ing. Metre-by-metre
geochemical samples of soil , regolith and weathered bedrock are collected down -hole, logged, and
submitted for PGE and multi -element analyses. Consequently, the benefits of Trado® are both real-time,
with the geological mapping of bedrock under cover, and long- term, with the collection and analysis of a
comprehensive geochemical assessment of the entire overburden profile, and in some cases into
weathered bedrock . Furthermore, the Trado® auger EOH depths represent the onset of impenetrable
bedrock, so mineralization and UMs remain fully open at depth, to be followed up by core or RC drilling.
ValOre has completed 23 5 auger holes since February 2021, totaling 818. 3 m, testing 9 property-wide
targets. In total, 430.5 m of target UMs rocks have been augered under cover, with 863 samples submitted
for assay. See Table 1 below for a summary of Trado® auger exploration at Pedra Branca to date, and see
Table 2 below for a summary of notable Trado® auger holes >2 Gram*Meter on a target-to-target basis.
Proof of Concept with Follow-Up Drilling
Seven of the 9 targets Trado®-tested to date were followed up with core and/or RC drilling in 2021, and all
seven produced significant PGE intercepts. CLICK HERE to view news releases from 2021 and CLICK
HERE to view news releases from 2022. The validity of the auger as an effective pre -RC or -core drilling
tool was further proven by the reproducibility of PGE -in-Trado® grades in drill core or RC chips. As an
example, Trado® hole AD21SAS12 from the Santo Amaro South target returned 10 m grading 1.64 g/t
2PGE+Au from surface. This result was followed up by RC drill ing, which produced the discovery hole of
32 m grading 1.65 g/t 2PGE+Au from surface in drill hole RC21SAS03. CLICK HERE for news release
dated August 23, 2021 and see Figure 1 below for a cross section.
Table 1: Summary of Trado® Auger Drilling to Date (Feb 2021 - Jan 2022)
Target Total Holes
(#)
Total Drilled
(m)
UMs Drilled
(m)
Samples
Assayed
(#)
Santo Amaro South 46 173.6 76.7 177
Santo Amaro 27 69.1 40.6 77
Esbarro NW 19 64.7 47.9 69
Cana Brava 23 69.1 35.9 76
Trapia 2 5 9.1 5.0 10
Massapê 36 169.0 115.4 178
Pitombeiras 22 60.5 7.7 64
Trapia South 24 107.8 56.8 112
Ipueiras 33 95.4 44.5 100
Total 235 818.3 430.5 863
Table 2: Assay Table of Trado® Auger Holes >2 Gram*Meter to Date (Feb 2021 - Jan 2022)
Target Auger Hole From
(m)
To
(m)
Length
(m)
2PGE+Au
(g/t) 2PGE+Au Interval Summary Gram x
Metre
Trapia South AD21TS08 0 16 16 1.22 16 m grading 1.22 g/t 2PGE+Au from surface 19.5
Trapia South AD21TS09 0 8 8 0.57 8 m grading 0.57 g/t 2PGE+Au from surface 4.6
Trapia South AD21TS10 0 6.8 6.75 0.66 6.75 m grading 0.66 g/t 2PGE+Au from surface 4.5
Trapia South AD21TS07 4 13 9 0.48 9 m grading 0.48 g/t 2PGE+Au from 4 m 4.3
Trapia South AD21TS05 0 7 7 0.39 7 m grading 0.39 g/t 2PGE+Au from surface 2.7
Santo Amaro
South AD21SAS12 0 10 10 1.64 10 m grading 1.64 g/t 2PGE+Au from surface 16.4
Santo Amaro
South AD21SAS39 1 10 9 0.7 9 m grading 0.70 g/t 2PGE+Au from 1 m 6.3
Santo Amaro
South AD21SAS08 0 4 4 1.1 4 m grading 1.10 g/t 2PGE+Au from surface 4.4
Santo Amaro
South AD21SAS29 0 3 3 0.66 3 m grading 0.66 g/t 2PGE+Au from surface 2.0
Santo Amaro AD21SA14 0 2.5 2.5 3.45 2.5 m grading 3.45 g/t 2PGE+Au from surface 8.6
Santo Amaro AD21SA15 0 2.6 2.55 1.5 2.55 m grading 1.50 g/t 2PGE+Au from surface 3.8
Santo Amaro AD21SA17 0 3 3 1.25 3 m grading 1.25 g/t 2PGE+Au from surface 3.8
Massapê AD21MS14 0 11 11 0.34 11 m grading 0.34 g/t 2PGE+Au from surface 3.7
Massapê AD21MS24 0 13 13 0.25 13 m grading 0.25 g/t 2PGE+Au from surface 3.3
Massapê AD21MS19 0 3.5 3.5 0.87 3.5 m grading 0.87 g/t 2PGE+Au from surface 3.1
Massapê AD21MS17 0 8 8 0.36 8 m grading 0.36 g/t 2PGE+Au from surface 2.9
Massapê AD21MS20 0 4 4 0.59 4 m grading 0.59 g/t 2PGE+Au from surface 2.4
Massapê AD21MS15 0 12 12 0.19 12 m grading 0.19 g/t 2PGE+Au from surface 2.3
Esbarro NW AD21ES03 0 12 12 1.73 12 m grading 1.73 g/t 2PGE+Au from surface 20.8
Esbarro NW AD21ES08 0 9 9 2.09 9 m grading 2.09 g/t 2PGE+Au from surface 18.8
Esbarro NW AD21ES04A 0 4 4 1.12 4 m grading 1.12 g/t 2PGE+Au from surface 4.5
Esbarro NW AD21ES02 0 5 5 0.63 5 m grading 0.63 g/t 2PGE+Au from surface 3.2
Esbarro NW AD21ES17 0 4 4 0.68 4 m grading 0.68 g/t 2PGE+Au from surface 2.7
A
bout the Trado® Auger
The Trado® auger is a portable soil drilling device developed and manufactured in Brazil by Trado ®
Equipamentos e Serviços Ltda, specially designed for mineral exploration, environmental monitoring,
structural engineering, and installation of lightweight artesian wells. They are designed to drill up to 30 m in
depth, have a collapsible structure (easily transportable), and offer extremely low cost of operation and
maintenance. The Trado® drills through vegetation cover, preserving a very low ecological footprint to the
survey.
CLICK HERE for more information regarding Trado®.
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 aims 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 52 exploration licenses covering a total area of 56,852 hectares
(140,484 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 m illion tonnes
grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known
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 hav ing 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 vis it our website at
www.valoremetals.com or contact Investor Relations at 604.653.9464, or by email at
ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit:
discoverygroup.ca
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