ValOre Reports Trench and Trado® Auger PGE Assay Results from Nambi and São Francisco Targets, Pedra Branca Project, Brazil
ValOre Reports Trench and Trado® Auger PGE Assay Results from Nambi and São Francisco
Targets, Pedra Branca Project, Brazil
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the
Company”) today reported trench assay results from the Nambi (“Nambi”) and Trado® auger from the São
Francisco (“São Francisco”) pipeline targets at ValOre’s 100% -owned Pedra Branca Platinum Group
Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.
“We are very encouraged with the potential of both the Nambi and São Francisco targets, as they evolve
into excellent drill targets for Q1, 2023 ,” stated ValOre’s VP of Exploration, Colin Smith. “Results at both
targets indicate palladium-platinum mineralization at scale with opportunities for expansion . At Nambi ,
mineralization along 1.2 kilometres of geological trend remains open at depth, and at Sã o Francisco,
trenching is in progress to follow -up encouraging assay results from 14 Trado® auger holes received to
date.”
Nambi Trenching PGE Assay Highlights:
• 17 metres (“m”) grading 0.80 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”),
incl. 6.0 m grading 1.65 g/t 2PGE+Au – Trench TR22NB03;
• 6.0 m grading 1.28 g/t 2PGE+Au, incl. 4.0 m grading 1.77 g/t 2PGE+Au – Trench TR22NB02;
• 10 m grading 0.84 g/t 2PGE+Au, incl. 3.0 m grading 1.65 g/t 2PGE+Au – Trench TR22NB01.
São Francisco Trado® Auger PGE Assay Highlights:
• 2.5 m grading 1.05 g/t 2PGE+Au from surface – Trado® hole AD22SF02;
• 5.0 m grading 0.66 g/t 2PGE+Au from surface – Trado® hole AD22SF03;
• 1.5 m grading 0.89 g/t 2PGE+Au from surface – Trado® hole AD22SF012;
• 2.5 m grading 0.65 g/t 2PGE+Au from surface – Trado® hole AD22SF09.
Exploration Update Summary
Nambi and São Francisco represent pipeline targets under evaluation by ValOre’s sequential exploration
methodology, which assesses the near-surface PGE potential of showings throughout the Pedra Branca
district. CLICK HERE for São Francisco news release dated September 12, 2022, and CLICK HERE for
Nambi news release dated September 14, 2022.
At Nambi, 4 trenches totaling 108 m all exposed target ultramafic (“UM”) rocks, establishing an in situ
geological trend of approximately 1.2 km . PGE a ssays are reported herein for trenches TR22NB01 to
TR22BB03 (Table 1) and 31 sample results are pending for the final trench (TR22NB004 – 31 m in length),
which intercepted 21 m of UMs.
At São Francisco, a total of 73 m in 20 Trado® auger holes have been drilled, with UMs encountered in all
holes (61 m total). Assays are reported herein for 14 holes (Table 2) and are pending for 6 holes. Follow-
up trenching is in progress, with 182 m in 4 trenches excavated thus far, and an aggregate of 123 m of UMs
encountered in all trenches.
Trado® end of hole (“EOH”) depths typically represent that the auger has entered impenetrable bedrock, so
mineralization and UM rocks present at EOH remain open at depth and require follow-up core or RC drilling.
Follow-up field exploration campaigns are in progress to assess prospectivity along trends at Nambi and
São Francisco. To date, both targets meet the criteria of zones which warrant further testing by core and/or
RC drilling.
Table 1: Trench Channel Sample Assay Highlights for Nambi Target.
Target Trench ID From
(m)
To
(m)
Length
(m)
2PGE+Au
(g/t) 2PGE+Au Interval Summary*
Nambi TR22NB01
16 26 10 0.84 10 m grading 0.84 g/t 2PGE+Au
22 25 3 1.65 incl. 3 m grading 1.65 g/t 2PGE+Au
Nambi TR22NB02
10 16 6 1.28 6 m grading 1.28 g/t 2PGE+Au
12 16 4 1.77 incl. 4 m grading 1.77 g/t 2PGE+Au
Nambi TR22NB03
3 20 17 0.8 17 m grading 0.80 g/t 2PGE+Au
9 15 6 1.65 incl. 6 m grading 1.65 g/t 2PGE+Au
*Reported trench assay interval lengths are channel samples and estimated to represent 85-90% true width.
Table 2: Trado® Auger Drilling Highlights for São Francisco Target.
Target Hole ID From
(m)
To
(m)
Length
(m)
2PGE+Au
(g/t) 2PGE+Au Interval Summary
São
Francisco AD22SF01 0 7 7 0.29 7 m grading 0.29 g/t 2PGE+Au from surface
São
Francisco AD22SF02
0 2.5 2.5 1.05 2.5 m grading 1.05 g/t 2PGE+Au from surface
0 1 1 2.14 incl. 1 m grading 2.14 g/t 2PGE+Au from surface
São
Francisco AD22SF03 0 5 5 0.66 5 m grading 0.66 g/t 2PGE+Au from surface
São
Francisco AD22SF05 0 4 4 0.22 4 m grading 0.22 g/t 2PGE+Au from surface
São
Francisco AD22SF06 0 4 4 0.27 4 m grading 0.27 g/t 2PGE+Au from surface
São
Francisco AD22SF07 0 2 2 0.26 2 m grading 0.26 g/t 2PGE+Au from surface
São
Francisco AD22SF08 0 2 2 0.13 2 m grading 0.13 g/t 2PGE+Au from surface
São
Francisco AD22SF09
0 2.5 2.5 0.65 2.5 m grading 0.65 g/t 2PGE+Au from surface
1 2 1 1.11 incl. 1 m grading 1.11 g/t 2PGE+Au from 1 m
São
Francisco AD22SF10 0 10 10 0.22 10 m grading 0.22 g/t 2PGE+Au from surface
São
Francisco AD22SF11 1 2 1 0.13 1 m grading 0.13 g/t 2PGE+Au from 1 m
São
Francisco AD22SF12 0 1.5 1.5 0.89 1.5 m grading 0.89 g/t 2PGE+Au from surface
São
Francisco AD22SF13 0 1.7 1.7 0.19 1.7 m grading 0.19 g/t 2PGE+Au from surface
São
Francisco AD22SF14 0 3 3 0.24 3 m grading 0.24 g/t 2PGE+Au from surface
Figure 1: Plan map of the Nambi target , locating 2022 trenches excavated along the main
mineralized trend.
Figure 2: Plan map of the São Francisco target, locating Trado® auger holes drilled along the main
mineralized trend.
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.
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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