ValOre Outlines 2021 Exploration Plans at Pedra Branca Project: 8,000 Metre Drill Program Commences
ValOre Outlines 2021 Exploration Plans at Pedra Branca Project: 8,000 Metre Drill Program
Commences
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX ‐V: VO; OTC: KVLQF; Frankfurt: KEQ0 , “the
Company”) today announced a fully-funded 2021 exploration program including Reverse Circulation
(“RC”) and diamond drilling (“DD”, “core drilling”) programs at ValOre’s 100% -owned Pedra Branca
Platinum Group Element (“PGE”) Project in northeastern Brazil. RC drilling has commenced, and the first
of two diamond drill rigs is scheduled to arrive by the end of April.
“The application of Trado®, RC and core drilling at Pedra Branca allows us to systematically accelerate the
target pipeline, from new discovery to resource expansion,” stated ValOre’s VP of Exploration, Colin Smith.
“Pre-drilling Trado ® auger work serves to confirm the presence of mineralized ultramafics under
overburden, and follow -up RC drilling enables the advancement of these targets at 4x th e rate of core
drilling.”
Pedra Branca 2021 Exploration Program:
• Fully funded and permitted 8,000 metre drill program:
o 2,000 metres (“m”) of RC drilling, commenced;
o 6,000 m of core drilling, to commence this month;
• First phase of RC drilling will test six property -wide target areas, focusing on three target styles:
undrilled new discovery, pre-resource target advancement, and resource expansion;
• Core drilling will return to high priority resource expansion and pre- resource targets successfully
drilled in 2020, as well as positive 2021 RC drill results;
• Pre-drilling Trado® auger work will continue property -wide, advancing additional targets to drill -
ready stage;
• ValOre continues to receive full support from the local community of Capitão Mor, as well as Ceará
State and federal governmental agency, ANM (Agência Nacional de Mineração) for on- going
exploration of the Pedra Branca PGE Project.
Pedra Branca 2021 Drill Program
ValOre has engaged Brazilian drilling companies Servdrill Perfuração e Sondagem (“Servdrill”) and DrillGeo
Geologia e Sondagem (DrillGeo) for the fully funded and permitted 2021 drill program at Pedra Branca,
which will consist of 2,000 m of RC and 6,000 m of core drilling. The RC drill program has commenced and
will test at least six property-wide target areas with a primary focus of undrilled new discovery, pre-resource
target advancement, and resource expansion.
The core drilling program will commence this month with the arrival of 1 of 2 diamond drill rigs. Five property-
wide target areas will be tested with a primary focus of following up positive RC drill results, advancing
targets to inferred resource category and expanding the Trapia and Santo Amaro NI 43-101-defined
resources. See Table 1 below for a summary of the 2021 RC and core drilling programs, and CLICK HERE
for Figure 1, showing a regional map of 2021 drill targets.
Table 1: Summary Table of 2021 Drill Program
Reverse Circulation Drilling
RC Target Target Style Holes Planned Meters Planned
2020 Twin Holes QA / QC (Assay Verification) 2 150
Trapia 1 / West / South New Discovery, Resource Expansion 10 1000
Esbarro Northwest New Discovery 10 250
Cana Brava Pre-Resource Target Advancement 6 300
Santo Amaro South Pre-Resource Target Advancement 6 300
TOTAL 34 2,000
Diamond Drilling
DD Target Target Style Holes Planned Meters Planned
Trapia 1 / 2 / West Resource Expansion 20 3000
C-04 Pre-Resource Target Advancement 5 500
Santo Amaro Resource Expansion 12 2000
Additional Targets TBA (all) 5 500
TOTAL 42 6,000
About Servdrill Perfuração e Sondagem
Servdrill Perfuracao e Sondagem Ltda . (“Servdrill”) is a Brazilian drilling company founded in 2008 that
offers diamond drilling, RC drilling and underground drilling services. Servdrill is based in the State of Para
and has extensive experience operating throughout Brazil with clients such as OZ Minerals, Mineracao
Vale Verde, VTF Mineracao and Centaurus Metals.
Servdrill is committed to conducting drill programs with high levels of productivity, safety and respect for
the environment and community.
About DrillGeo Geologia e Sondagem
DrillGeo Geologia e Sondagem Ltda. (“DrillGeo”) is a Brazilian drilling company founded in 2005 and based
in the State of Bahia. With over 110 employees and 19 drill rigs, DrillGeo has drilled over 1,000,000 meters
for several exploration and mining projects throughout Brazil, with clients such as Mineracao Caraiba,
Yamana Gold, Ferbasa, Lundin Mining and Equinox Gold
DrillGeo strives for maximum quality and efficiency in its operations, valuing safety, sustainability and
respect for the environment.
ValOre, Servdrill and DrillGeo COVID-19 Protocols
ValOre together with Servdrill and DrillGeo will continue to operate with the strictest of COVID protocols in
place to protect the health of employees, contractors, and communities.
As part of the safety protocol, the companies have implemented daily screening procedures, temperature
monitoring, self-assessment checklists and issued directives regarding social distancing to ensure a safe
environment for operations. A n extensive procedural guide on hygiene and conduct to be adopted daily
during and after work hours.
These decisions reinforce the companies’ objective of preventing the transmission of COVID-19 among its
employees, contractors, and the communities proximal to drilling activities.
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 39 exploration licenses covering a total area of 39,987 hectares
(98,810 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 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 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, Val Ore 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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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking statements” within the meaning of applicable securities laws.
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
be inaccurate. These factors and assumptions are based upon currently availabl e information to ValOre.
Such statements are subject to known and unknown risks, uncertainties and other factors that could
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or operating results or (as applicable), their securities.