ValOre Phase 2 Soils Program at Galante East D efines High-Priority Trenching Targets, Pedra Branca
ValOre Phase 2 Soils Program at Galante East D efines High-Priority Trenching Targets, Pedra
Branca
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX ‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the
Company”) today announced Phase 2 soil assay results from the Galante East t arget (“Galante”) at
ValOre’s 100% -owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra
Branca”) in northeastern Brazil. The excavation of 8 follow-up trenches has commenced to further advance
this undrilled 3-kilometre-long trend.
“Phase 2 geochemical results from Galante East suggest the presence of undrilled, shallow, PGE-
mineralized intrusions ,” stated ValOre’s VP of Exploration, Colin Smith. “Follow-up trenching has
commenced with the planned excavation of 8 trenches totaling approximately 700 m in length, with the
intent of rapidly advancing Galante East to drill-ready stage.”
Galante Target Exploration Program Highlights:
• Infill soils program confirms the cumulative 3-kilometre-long (“km”) palladium-platinum soil anomaly
and delineates priority zones of consistent strong PGE mineralization at surface;
• Three significant anomalies have been defined for priority follo w-up trenching, including the
northern zone with consistent high-grade PGE mineralization along 600 m of geological trend, and
50 to 100 metres (“m”) width, including:
o S oil PGE grades averaging 200-300 ppb palladium + platinum + gold (“2PGE+Au”), with
individual soil samples exceeding 800 ppb 2PGE+Au;
o The main zones are associated with compelling Trado® auger and rock assay results
previously reported (92 Trado® auger holes, 255 m augered), including:
5.0 m grading 1.48 g/t 2PGE+Au from surface
2.0 m grading 2.95 g/t 2PGE+Au from surface
3.8 m grading 1.18 g/t 2PGE+Au from surface.
Galante East 2022 Exploration Program
The Galante East target is 3-km-long prospective geological corridor located 7 km south-southwest of Santo
Amaro (153,000 oz 2PGE+Au grading 1.11 g/t in 4.3 Mt), and 10 km north-northeast of Curiu (150,000 oz
2PGE+Au grading 2.20 g/t in 2.1 Mt). Historical work at Galante East includes localized soil and rock
sampling, geological mapping, and ground magnetics. A strong PGE deposit signature is evident
throughout the compiled data.
Previously reported regional geological mapping and prospecting, soil sampling and Trado® auger
programs, corroborated and refined the historically mapped target ultramafic (“UM”) intrusions and
associated PGE mineralization, and supported the completion of an infill soil sampling program, with two
additional soil lines infilling the 200-m-spaced lines from the regional survey (CLICK HERE for news release
dated May 2, 2022).
Soil assays here reported further delineate palladium-platinum anomalies of approximately 3 km in
cumulative length and identified 3 high-priority anomalies within the undrilled 3-km-long trend for immediate
follow-up trenching. See Figure 1 below for a plan map of Galante East.
The “Northern Zone” soil anomaly extends over 1.8 km in length, with continuous palladium and platinum
mineralization returned in soils and Trado ® auger holes. A strong 600-m-long PGE response is hosted
within this trend, and represents the broadest and longest high-tenor anomaly at Galante East. See Figure
2 below for a detailed plan map of the Northern Zone at Galante East.
Follow-up trenching has commenced, with excavation of 8 trenches totaling approximately 700 m in length.
Figure 1: Plan map of Galante East, highlighting the high- priority mineralized zones, previously
reported Trado® auger assays, and follow-up trenches.
Figure 2: Photographs of the Galante East area, showing paved Highway 226 and existing
electrical powerlines, which both crosscut the target.
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 e xploration
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, 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.
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% U3O8, totaling 43.3 million pounds U3O8. 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
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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