ValOre Provides Exploration Update and Reports Initial Trado® Auger and Rock Assay Results; Salvador Target, Pedra Branca PGE Project, Brazil;
ValOre Provides Exploration Update and Reports Initial Trado® Auger and Rock Assay Results;
Salvador Target, Pedra Branca PGE Project, Brazil;
Vancouver, British Columbia, September 10, 2024 - ValOre Metals Corp. (“ValOre”; TSX ‐V: VO;
OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update o n the ongoing
exploration program for the Salvador target (“Salvador”) at ValOre’s 100%-owned Pedra Branca Platinum
Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil .
“Our ongoing exploration program at the Salvador target has yielded encouraging results, with initial Trado®
and rock assays, trenching and field mapping all c onfirming in-situ PGE mineralization and extending the
prospective Salvador PGE trend to 2 km in strike length,” stated ValOre’s VP of Exploration, Thiago Diniz.
“Additionally, preliminary ground geophysical data show s consistent magnetic anomalies along strike ,
which increases our confidence that this program will set the stage for future discoveries and resource
expansion drill programs at Salvador.”
2024 Salvador Exploration Program Highlights
Salvador field exploration program is in progress, with Trado® auger drilling, rock sampling and trenching
confirming continuity of PGE-bearing ultramafic (“UM”) rocks along trend to the north of the 2023 drill zone:
PGE mineralization reported in 15 of 20 UM-bearing Trado® holes;
High-grade PGE assay results reported from outcropping chromitite:
o 11.17 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) – Sample 103792;
Trench mapping and sampling is completed, with 108 samples sent for assay analysis;
G round geophysical survey field work is completed, interpretation ongoing;
Additional field mapping, rock sampling, and Trado® auger drilling following up on new ultramafic
occurrences and preliminary magnetic anomalies in the north extension of the target area
continues;
Current results and new UM occurrences extend Salvador’s PGE-prospective trend to a total of 2
km in strike-length;
See Figure 1 for a plan view of the Salvador target, and location of the 2024 exploration work; and Table
1 for a summary of the exploration totals for Trado® and trenching programs.
Figure 1: Salvador target plan view, with location of the 2024 exploration work activities.
Table 1: Trado® and trenching exploration totals to date.
Target Activity # Holes/Trenches Total Meters UM Length (m) Total
#assays
# Assays
pending
Salvador Trado Auger
Drilling 35 101 77 107 21
Salvador Trenching 4 95 51 108 108
Trado® auger drilling
Trado® auger drilling has intercepted ultramafic rocks in 25 of 35 Trado® auger drill holes completed to date
(77 m of 101 m drilled in total).
Trado® assay results have been received for 20 UM-bearing Trado holes, with PGE mineralization reported
in 15 Trado® holes.
Table 2: Trado® auger drilling assay highlights:
Target Trado hole ID From (m) To (m) Length (m) 2PGE+Au
(g/t) Litho 2PGE+Au Interval Summary
Salvador AD24MES29 0.0 2.5 2.5 0.20 Ultramafic 2.5 m @ 0.20 g/t 2PGE+Au
Salvador AD24MES30 0.0 1.6 1.6 0.14 Ultramafic 1.6 m @ 0.14 g/t 2PGE+Au
Salvador AD24MES32 0.0 6.0 6.0 0.27 Ultramafic 6.0 m @ 0.27 g/t 2PGE+Au
Salvador AD24MES33 0.0 4.0 4.0 0.48 Ultramafic 4.0 m @ 0.48 g/t 2PGE+Au
Salvador AD24MES34 0.0 2.0 2.0 0.12 Ultramafic 2.0 m @ 0.12 g/t 2PGE+Au
Salvador AD24MES37 0.0 1.7 1.7 0.99
Ultramafic
and
Chromitite
1.7 m @ 0.99 g/t 2PGE+Au
Salvador AD24MES38 0.0 4.0 4.0 0.19 Ultramafic 4.0 m @ 0.19 g/t 2PGE+Au
Salvador AD24MES39 0.0 3.0 3.0 0.12 Ultramafic 3.0 m @ 0.12 g/t 2PGE+Au
Salvador AD24MES40 0.0 4.0 4.0 0.18 Ultramafic 4.0 m @ 0.18 g/t 2PGE+Au
Salvador AD24MES44 1.0 2.5 1.5 0.50 Ultramafic 1.5 m @ 0.50 g/t 2PGE+Au
Salvador AD24MES47 0.0 2.5 2.5 0.14 Ultramafic 2.5 m @ 0.14 g/t 2PGE+Au
Salvador AD24MES48 0.0 1.5 1.5 0.34 Ultramafic 1.5 m @ 0.34 g/t 2PGE+Au
Salvador AD24MES49 0.0 5.0 5.0 0.39 Ultramafic 5.0 m @ 0.39 g/t 2PGE+Au
Salvador AD24MES50 0.0 2.0 2.0 0.29 Ultramafic 2.0 m @ 0.29 g/t 2PGE+Au
Salvador AD24MES51 0.0 1.0 1.0 0.17 Ultramafic 1.0 m @ 0.17 g/t 2PGE+Au
Trenching
Four trenches were excavated, totalling 95 metres (“m”) in length, with all four exposing UM and UM-derived
rocks, including chromitite layers in the central trenches, TR24MES06 and TR24MES07, to the north along
strike from the area of 2023 Salvador drill program. Trench assays are pending.
See Figure 2 for trenching program photos, including chromitite and chromite- rich rocks intercepted in
trenches TR24MES06 and 07.
Figure 2: 2024 Salvador trenching program. Mapping and sampling of trench TR24MES06 (left), and
centimetric chromitite layer (CR) within serpentinized ultramafics (UMD) and phlogopite ( PHL) (right).
Ground geophysical survey
50-line kilometres (“km”) of ground magnetics and gamma spectrometry data have been acquired, covering
the entire strike-length of the Salvador target and its extensions.
A 3D inversion modeling and structural interpretation is in progress.
Field mapping and rock sampling
To date, 25 rock samples have been sent to SGS lab, with assay results received for 6 samples, including
high-grade PGE mineralization in two chromitite occurrences located near the 2024 trench TR24MES08,
and remaining 4 samples with anomalous PGE grades; Highlights:
• 11.17 g/t 2PGE+Au – Chromitite outcrop, sample 103792;
• 6.24 g/t 2PGE+Au – Chromitite grab sample 103795.
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
Vice President of Exploration.
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 45 exploration licenses covering a
total area of 51,096 hectares (126,260 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. ValOre’s team believes the Pedra Branca project has significant
exploration discovery and resource expansion potential. (CLICK HERE to download 2022 technical report*
and CLICK HERE for news release dated March 24, 2022).
*The 2022 Technical Report is entitled “Independent Technical Report –Mineral Resource Update on the
Pedra Branca PGE Project, Ceará State, Brazil” was prepared as a National Instrument 43- 101 Technical
Report on behalf of ValOre Metals Corp. with an effective date of March 08, 2022. The 2022 Technical
Report by Independent qualified persons, Fábio Valério (P.Geo.) and Porfirio Cabaleiro (P.Eng.), of GE21,
commissioned to complete the mineral resource estimate while Chris Kaye of Mine and Quarry Engineering
Services Inc. (MQes), was commissioned to review the metallurgical information. The Mineral Resource
estimates were prepared in accordance with the CIM Standards, and the CIM Guidelines, using
geostatistical, plus economic and mining parameters appropriate to the deposit. Mineral Resources, which
are not mineral reserves, do not have demonstrated economic viability, and may be materially affected by
environmental, permitting, legal, marketing, and other relevant issues. Mineral Resources are based upon
a cut-off grade of 0.4 g/t PGE+Au, correlated to Pd_eq grade of 0.35 g/t, and were limited by an economic
pit built in Geovia Whittle 4.3 software and following the geometric and economic parameters as disclosed
in the 2022 NI 43-101 Technical Report,
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. 646.4527, or by email at
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http://www.discoverygroup.ca/
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