ValOre Reports Recoveries of 82.9% for Platinum, 71% for Palladium and 85.2% for Gold Metallurgical testwork results for locked cycle flotation test of Curiu PGE Deposit sample
ValOre Reports Recoveries of 82.9% for Platinum, 71% for Palladium and 85.2% for Gold
Metallurgical testwork results for locked cycle flotation test of Curiu PGE Deposit sample
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX ‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the
Company”) today provided an update on a metallurgical testwork program for ValOre’s 100%-owned Pedra
Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.
“We are very encouraged by our first locked cycle flotation test that gave recoveries of 82.9% for platinum,
71% for palladium and 85.2% for gold on an unweathered sample from the Curiu PGE deposit, and have
now started testwork on weathered Curiu material,” stated ValOre’s VP of Exploration, Colin Smith. “Once
both fresh and weathered material flowsheets are established for C uriu, we will continue metallurgical
testwork for our other Pedra Branca PGE deposits defined in ValOre’s 2022 resource re-estimation, which
is expected this month.”
Highlights of the Metallurgical Testwork:
• Recoveries of 82.9% for platinum (Pt), 71% for palladium (Pd) and 85.2% for gold (Au) were
achieved by the first locked cycle flotation test on a fresh, unweathered 30-kilogram (“kg”) sample
composited from Curiu PGE deposit drill core;
• Th is locked cycle flotation test produced a concentrate grading 78.4 grams per tonne g/t
2PGE+Au;
• Based on the information available to date, no deleterious element thresholds were exceeded, and
a detailed elemental analysis on the concentrate is underway.
2022 Locked Cycled Flotation Test
One locked cycle flotation test was completed by ALS Metallurgy Kamloops (“ALS”) on a composite sample
of fresh, unweathered Curiu PGE deposit dill core, following the completion of 22 rounds of recent flotation
testwork to optimize flowsheet design. Recoveries of 82.9% for Pt, 71% for Pd and 85.2% for Au were
achieved, resulting in a final concentrate grade of 78.4 g/t 2PGE+Au. Based on the information available to
date, no deleterious element thresholds were exceeded, and a detailed elemental analysis on the
concentrate is underway. Table 1 is a summary of test results from the locked cycle flotation test.
Table 1: Locked Cycle Flotation Test Results, ALS Metallurgy Kamloops
Testwork Commenced on Weathered and Blended Material
Flotation testwork has commenced on weathered and blended (fresh + weathered) composite samples of
Curiu PGE deposit drill core, applying a similar flowsheet as used in the locked cycle flotation test.
Preliminary results suggest that adjustments to the flowsheet will be required, after 5 rounds of floatation
testwork on the weathered sample, and 2 rounds on the blended sample. No locked cycle tests have been
performed on the weathered Curiu material to date.
2021 Metallurgical Drill Program
CLICK HERE for news release dated October 4, 2021, for assay results from the Esbarro and Curiu drill
program, and CLICK HERE for news release dated January 18, 2022, for assay results from the Cedro drill
program.
ALS Metallurgy Testwork Program
CLICK HERE for news release dated October 4, 2021, for more information regarding the ALS testwork
program, and CLICK HERE for more information regarding ALS Metallurgy Kamloops.
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.
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 51 exploration licenses covering a total area of 55,984 hectares
(138,339 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 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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