ValOre Drills High-Grade PGE and Nickel -Copper Mineralization 150 m South of Trapia 1, Pedra Branca Project: 71.8 m at 1.59 g/t 2PGE+Au , including 8.15 m at 10.54 g/t 2PGE+Au, 0.37% Ni and 0.11% Cu
ValOre Drills High-Grade PGE and Nickel -Copper Mineralization 150 m South of Trapia 1, Pedra
Branca Project: 71.8 m at 1.59 g/t 2PGE+Au , including 8.15 m at 10.54 g/t 2PGE+Au, 0.37% Ni and
0.11% Cu
Vancouver, British Columbia, September 25th, 2023 - ValOre Metals Corp. (“ValOre”; TSX ‐V: VO;
OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today reported initial assay results from the recently
completed 2023 Phase 1 core d rilling at ValOre’s 100%-owned Pedra Branca Platinum Group Elements
(“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.
“Drill results from DD23TU33 indicate a broad interval of high-grade mineralization intersected in a 150-
metre step out hole to the south of the existing resource at Trapia 1, underscoring the resource expansion
potential. Importantly, this broad intersection contains a higher-sulphide, high-grade PGE-Ni-Cu interval
that may be amenable to targeting by geophysical methods ,” stated Thiago Diniz, Exploration Manager ,
ValOre Metals Corp. “ Trapia 1 results have ramifications at other known zones across the Pedra Branca
project, as they clearly demonstrate significant resource expansion potential at depth and down dip of
previous drilling.”
Highlights
Trapia 1
• A ssay results received for the first of four holes drilled in 2023 at the Trapia 1 deposit (total 1,326 m);
o 71.8 metres (“m”) at 1.59 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”)
starting from 235.9 m, including 8.15 m at 10.54 g/t 2PGE+Au, 0.37% Ni and 0.11% Cu;
o High-grade palladium-platinum and nickel-copper mineralization occurs in association with a
sulfide-rich peridotitic horizon at the bottom of the chromitite reef, and is characterized by up
to 5% disseminated to brecciated pyrrhotite, pyrite, pentlandite and chalcopyrite (Figures 3 and
4);
• PGE mineralization intercepted 150 m outside of the existing 2022 NI 43- 101 resource at Trapia 1
(480,000 oz of the total Trapia 2022 NI 43-101 resource of 885,000 oz at 0.96 g/t);
• Assays pending for the remaining Trapia 1 holes, including DD23TU35 located up-dip of DD23TU33;
and DD23TU32, representing an additional 150 m step out to the south, along strike and down-plunge
of DD23TU33.
2023 Drill Program
• 6,152 m drilled in 49 holes distributed along 8 separate exploration and resource zones (see ValOre
news release of September 21, 2023);
• 1,625 core samples sent to lab, with assays pending for 641 samples from 14 holes.
• Recently received assays results also include near-surface PGE mineralization drilled in the Ipueiras
target, including:
o 11.85 m grading 0.55 g/t 2PGE+Au from surface, incl. 0.9 m grading 1.58 g/t 2PGE+Au from
2.65 m in drill hole DD23IP04;
Table 1: Drilling Totals by Zone
Target Total Drilled
(m) # Holes # Holes w/
UMs
Total UMs
(m)
Core
Samples
Assays
Received
Assays
Pending
Galante 790 11 11 190 384 384 0
Tróia 1,029 9 6 72 188 188 0
Nambi 665 6 6 74 203 185 18
Ipueiras 228 4 3 27 83 34 49
Massapê 380 4 3 19 48 48 0
Cedro 545 2 1 4 14 14 0
Trapiá South 133 1 1 4 36 36 0
Trapiá 1 1,326 4 4 175 272 95 177
Salvador 1,056 8 7 265 397 0 397
Total 6,152 49 42 830 1,625 984 641
Table 2: Core Assay Highlights (g/t 2PGE+Au) reported today
Target Hole ID From (m) To (m) Length
(m)
2PGE+Au
(g/t) Summary Interval
Trapiá DD23TU33
235.90 307.70 71.80 1.59 71.8 m @ 1.59 g/t 2PGE+Au from 235.9 m
incl. 8.15 m @ 10.54 g/t 2PGE+Au, 0.37% Ni,
0.11% Cu from 258.85 m
and 0.6 m @ 46.07 g/t 2PGE+Au from 259.5 m
258.85 267.00 8.15 10.54
259.50 260.10 0.60 46.07
Ipueiras DD23IP04 0.00 11.85 11.85 0.55 11.85 m @ 0.55 g/t 2PGE+Au from surface
incl. 0.9 m @ 1.58 g/t 2PGE+Au from 2.65 m 2.65 3.55 0.90 1.58
**Reported core assay interval lengths are estimated to represent 90-100% of true width.
Figure 1: Pedra Branca project property map, highlighting location s of the 2023 drill targets and
current resource zones (“Trapia” comprises four 2022 NI 43-101 resources zones: Trapia 1, Trapia
2, Trapia West and Trapia South).
Figure 2: Trapiá 1 Deposit long s ection (looking NE) highlighting location of drill hole DD23TU33
(today’s release) and the 300 m step out drilling at DD23TU32, for which assays are pending.
Figure 3 : Core photographs of the high-grade PGE zone intercepted in drill hole DD23TU33.
Mineralization hosted within chromite reef and sulfide-rich peridotites.
Figure 4: Detailed core photographs of high-grade PGE-(Ni-Cu) mineralized peridotites (left) and
>40 g/t 2PGE+Au chromitite reef (right) intercepted in diamond drill hole DD23TU33.
Quality Assurance/Quality Control (“QA/QC”)
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 Thiago Diniz, P.Geo., ValOre’s QP and
Exploration Manager.
About ValOre Metals Corp.
ValOre Metals Corp. (TSX ‐V: VO) is a Canadian company with a team aiming 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
and innovation.
ValOre’s Pedra Branca Platinum Group Elements Project comprises 52 exploration licenses covering a
total area of 56,852 hectares (140,484 acres) in northeastern Brazil. At Pedra Branca, 7 distinct PGE+Au
deposit areas host, in aggregate, a 2022 NI 43-101 inferred resource of 2.198 Moz 2PGE+Au contained in
63.6 Mt grading 1.08 g/t 2PGE+Au (CLICK HERE for news release dated March 24, 2022). ValOre’s team
believes the Pedra Branca project has significant exploration discovery and resource expansion potential.
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 www.valoremetals.com or contact Investor Relations at [email protected].
ValOre Metals Corp. is a proud member of Discovery Group. For more information please
visit: http://www.discoverygroup.ca/
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