ValOre Outlines 2023 Diamond Drilling Program at Pedra Branca Project, Brazil
ValOre Outlines 2023 Diamond Drilling Program at Pedra Branca Project, Brazil
Vancouver, British Columbia, May 29th, 2023 - ValOre Metals Corp. (“ValOre”; TSX ‐V: VO; OTCQB:
KVLQF; Frankfurt: KEQ0, “the Company”) today announced a fully funded Phase 1 core drilling program
at ValOre’s 100% -owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra
Branca”) in northeastern Brazil.
2023 Drill Program Highlights:
• Fully funded and permitted two-rig 5,000-metre (“m”) Phase 1 core drilling program to commence
in early June;
• Program to test four high priority pipeline targets which were advanced through 2022 exploration
but not included in the 2022 NI 43-101 Resource Estimate: Galante, Tróia, Nambi and Ipueiras;
• R esource expansion potential will also be tested along strike and at depth at the Massapê PGE
Deposit (2022 NI 43-101 Inferred Resource of 129,000 oz 2PGE+Au contained in 3.3 Mt grading
1.21 g/t 2PGE+Au), which remains wide open in all directions;
• Goal of program is to add new zones and expand existing deposits which form part of the March
24, 2022 NI 43-101 inferred resource at Pedra Branca of 2.198 Moz 2PGE+Au contained in 63.6
Mt grading 1.08 g/t 2PGE+Au;
• Brazilian drilling company DrillGeo Geologia e Sondagem (“DrillGeo”), which drilled 9,300 m during
the 2021 drill program, has been engaged by ValOre for Phase 1.
“Galante, Tróia, Nambi and Ipueiras are near-surface PGE targets, located along 7 kilometres of a
predominantly undrilled mineralized trend, ” stated ValOre’s VP of Exploration, Colin Smith. “ We have
advanced these four targets to the drill-ready stage with the application of our proven exploration
methodology, and we are very eager for the drills to start turning in June.”
Phase 1 Drill Program Targets
Drilling will commence in early June at the Galante target area, which represents the longest and most
prospective undrilled trend at Pedra Branca, as evidenced by the 3-k ilometre-long cumulative palladium-
platinum soil anomaly, multiple high-grade Trado® auger holes and rock assays, in addition to 7 mineralized
trenches excavated throughout the trend (Figure 1).
Ipueiras, Tróia and Nambi also represent drill-ready pipeline targets developed in 2022 to be tested in the
Phase 1 drill program. CLICK HERE for a video summary of the exploration and discovery pipeline targets
at Pedra Branca. Table 1 below summarizes 2022 exploration results for Galante, Tróia, Nambi and
Ipueiras.
ValOre’s team continues to advance the pipeline targets at the Pedra Branca project. Exploration is ongoing
at several additional targets along the prospective mafic- ultramafic Tróia Unit belt, including Synform,
Pitombeiras and Talhado. (CLICK HERE for news release dated March 23, 2023).
Table 1: Exploration summary and assay highlights for Galante, Tróia, Nambi and Ipueiras.
Target Exploration Summary Trado® PGE Assay
Highlights
Trench PGE Assay
Highlights News releases
Galante
- PGE mineralization over a 3-km-long
(undrilled) trend;
- +1,400 ValOre's soil samples (30 km
of soil lines);
- 92 Trado® auger holes (255 m);
- 7 trenches (471 m)
5 m @ 1.48 g/t 2PGE+Au;
5.5 m @ 0.80 g/t 2PGE+Au;
2 m @ 2.95 g/t 2PGE+Au;
3.2 m @ 1.18 g/t 2PGE+Au;
53 m @ 0.59 g/t 2PGE+Au,
incl. 6 m @ 1.07 g/t
2PGE+Au;
31 m @ 0.83 g/t 2PGE+Au,
incl. 16 m @ 1.39 g/t
2PGE+Au;
90 m @ 0.55 g/t 2PGE+Au,
incl. 17 m @ 1.17 g/t
2PGE+Au;
May 2, 2022
Jun 23, 2022
Aug 3, 2022
Sept 8, 2022
Tróia
- High-grade PGE rock, Trado and
trench assays over 1 km along trend
- 83 Trado® holes (226 m)
- 7 trenches (400 m)
8.5 m @ 0.98 g/t 2PGE+Au
4 m @ 1.55 g/t 2PGE+Au
42 m @ 0.87 g/t 2PGE+Au
incl. 10 m @ 1.72 g/t
2PGE+Au
28 m @ 0.91 g/t 2PGE+Au
incl. 12 m @ 1.73 g/t
2PGE+Au
Apr 25, 2022
May 24, 2022
Jun 28, 2022
Nambi
- Situated just a few kilometers from
the 2022 NI 43-101 inferred resource
areas of Trapiá and Massapê
- 1.2-km-long trend of continuous in-
situ PGE mineralization
- 75 Trado® holes (178 m)
- 4 trenches (108 m)
1.5 m @ 1.83 g/t 2PGE+Au
1.5 m @ 1.43 g/t 2PGE+Au
6 m @ 1.28 g/t 2PGE+Au
incl. 4 m @ 1.77 g/t
2PGE+Au
17 m @ 0.80 g/t 2PGE+Au
incl. 6 m @ 1.65 g/t
2PGE+Au
Sept 14, 2022
Sept 29, 2022
Oct 25, 2022
Ipueiras
- Strong geophysical and geochem
anomalies
- High-grade PGE mineralization from
rock, Trado and trench samples
- 65 Trado® holes (212 m)
- 6 trenches (252 m)
8 m @ 2.05 g/t 2PGE+Au
incl. 3 m @ 4.70 g/t 2PGE+Au
6 m @ 3.60 g/t 2PGE+Au
incl. 4 m @ 5.00 g/t 2PGE+Au
7.5 m @ 1.34 g/t 2PGE+Au
5.5 m @ 1.69 g/t 2PGE+Au
64 m @ 2.68 g/t 2PGE+Au
incl. 25 m @ 4.65 g/t
2PGE+Au
38 m @ 2.14 g/t 2PGE+Au
incl. 15 m @ 4.45 g/t
2PGE+Au
Mar 31, 2022
Apr 5, 2022
Jul 11, 2022
Sept 8, 2022
Figure 1: Pedra Branca project property map, highlighting location of the 2023 drill targets and
current resource zones.
About DrillGeo Geologia e Sondagem
DrillGeo Geologia e Sondagem Ltda. is a Brazilian drilling company founded in 2005 and based in the State
of Bahia. With over 450 employees and 34 drill rigs, DrillGeo has drilled over 1,500,000 meters for several
exploration and mining projects throughout Brazil, with clients such as Ero Copper, Vale, Ferbasa, Nexa
Resources, OZ Minerals, Horizonte Minerals, Bahia Mineração and Largo Resources.
DrillGeo strives for maximum quality and efficiency in its operations, valuing safety, sustainability, and
respect for the environment.
About the Trado® Auger and Trenching Methodology
CLICK HERE for more information regarding Trado® Auger and Trenching methodology.
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.
The Pedra Branca Platinum Group Elements ( PGE) 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). All the currently
known Pedra Branca inferred PGE resources are potentially open pittable.
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 604.653.9464, or by email at
ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit:
http://www.discoverygroup.ca/
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