ValOre Reports High-Grade PGE Trado® Auger and Rock Assay Results from Synform Target and Provides Exploration Update for the Pedra Branca Project, Brazil
ValOre Reports High-Grade PGE Trado® Auger and Rock Assay Results from Synform Target and
Provides Exploration Update for the Pedra Branca Project, Brazil
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the
Company”) today provided an exploration update, including Trado® auger and rock assay results from the
Synform target (“Synform”) at ValOre’s 100% -owned Pedra Branca Platinum Group Elements (“PGE”,
“2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.
“ValOre’s exploration team continues to advance the pipeline targets at the Pedra Branca Project through
targeted geochemical sampling, and subsequent Trado® augering and trenching,” stated ValOre’s VP of
Exploration, Colin Smith. “ValOre’s methodology has advanced four priority targets to a drill-ready stage:
Galante, Tróia, Nambi and Ipueiras. Exploration is ongoing at several additional targets along the
prospective mafic -ultramafic Troia Unit, including Synform, an extension to Massapê, Pitombeiras and
Talhado, with partial assays reported herein.”
Trado® Auger PGE Highlights
• 10 metres (“m”) @ 2.30 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from
0, incl. 2 m @ 9.47 g/t 2PGE+Au from 0 m – Trado® hole AD23SY02 at Synform Target;
• 8 m @ 0.64 g/t 2PGE+Au from 0 m, including 2 m @ 1.44 g/t 2PGE+Au from 0 m – Trado® hole
AD23SY03 at Synform Target;
Rock Assay PGE Highlights
• 14.95 g/t 2PGE+Au – Rock sample 103556 at Synform Target;
Exploration Update Summary
A total of 1,049 soil samples and 195 rock samples have been collected to date in 2023, the results of which
have guided follow-up Trado® augering and trenching programs. ValOre crews have completed 268 metres
of Trado® augering in 67 holes, with 207 metres of ultramafics intercepted and 284 samples submitted for
assay. Trenching totals include 219 metres excavated in 2 trenches, with 183 metres of ultramafics exposed
and 219 samples submitted for assay.
Table 1 below highlight s exploration totals up to date in Q1 2023. Figure 1 displays the Pedra Branca
property map with the location of the NI 43-101 resource zones, those targets at a drill -ready stage, and
the main pipeline targets with ongoing activities throughout Q4 2022 and Q1 2023.
Table 1: Exploration Totals for Q1 2023, Pedra Branca Project.
Exploration Work
2023 TOTAL (2020 - 2023)
length (m) # holes/trenches # samples length (m) # holes/trenches # samples
Diamond Drilling - - - 15,606 118 7,734
RC Drilling - - - 1,828 38 1,906
Auger Drilling 268 67 284 2,303 702 2,445
Rock Sampling - - 195 - - 981
Soil Sampling 20,980 - 1,049 90,380 - 6,013
Trenching 219 2 219 2,496 45 2,334
Figure 1: Pedra Branca project property map, highlighting location of current resource zones, drill-
ready targets and pipeline targets with partial results reported in this release.
Synform Target
• Historical high-grade geochemical anomaly confirmed by Trado® auger and rock assay results;
• Follow up trenching is in progress;
• Trado® Auger PGE Highlights:
o 10 metres (“m”) @ 2.30 grams per tonne palladium + platinum + gold (“g/t
2PGE+Au”) from 0 m, incl. 2 m @ 9.47 g/t 2PGE+Au from 0 m – Trado® hole AD23SY02;
o 8 m @ 0.64 g/t 2PGE+Au from 0 m , including 2 m @ 1.44 g/t 2PGE+Au from 0 m –
Trado® hole AD23SY03;
• Rock Assay PGE Highlights:
o 14.95 g/t 2PGE+Au – Rock sample 103556.
Massapê Southern Extension
• Near-surface PGE mineralization extended to approximately 150 m south of the southernmost
resource drill hole within the Massapê deposit. Follow up detailed soil survey is in progress;
• Trado® Auger PGE Highlights:
o 5 m @ 0.17 g/t 2PGE+Au from 0 m – Trado® hole AD23MS48;
o 3 m @ 0.13 g/t 2PGE+Au from 0 m – Trado® hole AD23MS49;
o 5 m @ 0.27 g/t 2PGE+Au from 0 m – Trado® hole AD23MS50;
o 5 m @ 0.30 g/t 2PGE+Au from 0 m – Trado® hole AD23MS51;
o 3 m @ 0.12 g/t 2PGE+Au from 0 m – Trado® hole AD23MS57.
Talhado
• Soil, rock and Trado® auger assay results confirmed historical PGE mineralization and returned
local vanadium anomalies;
• Two follow up trenches have been excavated, with assays pending;
• Trado® Auger PGE Highlights:
o 5 m @ 0.21 g/t 2PGE+Au from 0 m – Trado® hole AD22TA05;
o 2 m @ 0.37 g/t 2PGE+Au from 0 m – Trado® hole AD22TA14;
• Rock Assay Vanadium Highlights:
o 6 chromite-rich rock samples ranging 0.15% to 0.20% V2O5, 12 to 19% Cr 2O3, 1.4 to
1.8% TiO2, and 22 to 26% Fe2O3.
Pitombeiras:
• Extensive soil survey and Trado auger drilling completed covering cumulative 8 km along trend
following up historical geochemical and geophysical anomalies. All assays pending;
• Several new ultramafic lenses mapped;
• Detailed follow up Trado® auger drilling is in progress.
Table 2: Pipeline Targets Exploration Summary and Catalysts
Target Exploration Totals Rock PGE Assay
Highlights
Trado® PGE Assay
Highlights Follow up
Synform
- 1 km of mapped prospective trend
- 43 rock samples;
- 15 Trado® auger holes (43 m of
ultramafics of 55 m augered);
14.95 g/t 2PGE+Au
5.02 g/t 2PGE+Au
4.95 g/t 2PGE+Au
10 m @ 2.30 g/t 2PGE+Au
incl. 2 m @ 9.47 g/t
2PGE+Au
8 m @ 0.64 g/t 2PGE+Au
incl. 2 m @ 1.44 g/t
2PGE+Au
- Trenching is in
progress
Massapê
Southern
Extension
- 1 km of mapped prospective trend
- 183 soil samples in 3,520 m of soil lines;
- 31 rock samples;
- 13 Trado® auger holes (46 m of
ultramafics of 47 m augered);
2 m @ 0.41 g/t 2PGE+Au
1 m @ 0.60 g/t 2PGE+Au
3 m @ 0.12 g/t 2PGE+Au
- Soil assays pending;
- Additional Trado® and
trenching to be defined
Talhado
- 2 km of mapped prospective trend
- 297 soil samples in 5,740 m of soil lines
- 59 rock samples
- 36 Trado® auger holes (187 m of
ultramafics of 189 m augered);
- 219 trench samples (183 m of
ultramafics of 219 m excavated)
0.61 g/t 2PGE+Au
0.42 g/t 2PGE+Au
5 m @ 0.21 g/t 2PGE+Au
2 m @ 0.37 g/t 2PGE+Au
- Trench assays
pending
Pitombeiras
- 8 km of mapped prospective trend
- 745 soil samples in 14,340 m of soil
lines;
- 148 rock samples;
- 43 Trado® auger holes (79 m of
ultramafics of 153 m augered);
0.81 g/t 2PGE+Au
0.43 g/t 2PGE+Au
- Detailed Trado drilling
and mapping in
progress
- Trado®, rock and soil
assays pending
Table 3: Trado® Auger PGE Highlights.
Target Hole ID From (m) To (m) Length
(m)
2PGE+Au
(g/t) 2PGE+Au Interval Summary
Talhado AD22TA02 0.00 3.00 3.00 0.10 3 m @ 0.10 g/t 2PGE+Au from 0 m
Talhado AD22TA05 0.00 5.00 5.00 0.21 5 m @ 0.21 g/t 2PGE+Au from 0 m
Talhado AD22TA14 1.00 3.00 2.00 0.37 2 m @ 0.37 g/t 2PGE+Au from 1 m
Talhado AD22TA16 0.00 1.00 1.00 0.10 1 m @ 0.10 g/t 2PGE+Au from 0 m
Massapê AD23MS46 0.00 3.00 3.00 0.13 3 m @ 0.13 g/t 2PGE+Au from 0 m
Massapê AD23MS47 0.00 4.50 4.50 0.11 4.5 m @ 0.11 g/t 2PGE+Au from 0 m
Massapê AD23MS48 0.00 5.00 5.00 0.17 5 m @ 0.17 g/t 2PGE+Au from 0 m
Massapê AD23MS49 0.00 3.00 3.00 0.13 3 m @ 0.13 g/t 2PGE+Au from 0 m
Massapê AD23MS50 0.00 5.00 5.00 0.27 5 m @ 0.27 g/t 2PGE+Au from 0 m
Massapê AD23MS51 0.00 5.00 5.00 0.30 5 m @ 0.30 g/t 2PGE+Au from 0 m
Massapê AD23MS57 0.00 3.00 3.00 0.12 3 m @ 0.12 g/t 2PGE+Au from 0 m
Synform
AD23SY02 0.00 10.00 10.00 2.30 10 m @ 2.30 g/t 2PGE+Au from 0 m
incl. 2 m @ 9.47 g/t 2PGE+Au from 0 m AD23SY02 0.00 2.00 2.00 9.47
Synform
AD23SY03 0.00 8.00 8.00 0.64 8 m @ 0.64 g/t 2PGE+Au from 0 m
incl. 2 m @ 1.44 g/t 2PGE+Au from 0 m AD23SY03 0.00 2.00 2.00 1.44
Synform AD23SY04 0.00 2.00 2.00 0.33 2 m @ 0.33 2PGE+Au from 0 m
Synform AD23SY06 2.00 3.00 1.00 0.38 1 m @ 0.38 2PGE+Au from 2 m
Synform AD23SY07 0.00 1.00 1.00 0.35 1 m @ 0.35 2PGE+Au from 0 m
Synform AD23SY08 0.00 1.00 1.00 0.17 1 m @ 0.17 g/t 2PGE+Au from 0 m
and 3 m @ 0.22 g/t 2PGE+Au from 6 m Synform AD23SY08 6.00 9.00 3.00 0.22
Synform AD23SY09 0.00 1.00 1.00 0.16 1 m @ 0.16 2PGE+Au from 0 m
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.
ValOre’s Angilak Property in Nunavut Territory, Canada, hosts the Lac 50 Trend – a 2013 NI 43-101 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.
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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