ValOre Reports Trench and Trado ® Auger PGE Assay Results from Nambi, São Francisco and Galante West Targets, Pedra Branca Project, Brazil
ValOre Reports Trench and Trado ® Auger PGE Assay Results from Nambi, São Francisco and
Galante West Targets, Pedra Branca Project, Brazil
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the
Company”) today reported trench and Trado® auger assay results from the Nambi (“Nambi”), São
Francisco (“São Francisco”) and the Galante West (“Galante West”) pipeline targets at ValOre’s 100% -
owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in
northeastern Brazil.
“The rapid advancement of São Francisco, Nambi and Galante West continues with the deployment of
ValOre’s sequential exploration methodology. A cumulative 290 metres have been excavated in 4 trenches,
with 236 metres of ultramafics exposed and 290 samples submitted for assay. In addition, 337 metres have
been augered in 118 Trado® holes, with 236 metres of ultramafics intercepted and 361 samples submitted
for assay,” stated ValOre’s VP of Exploration, Colin Smith. “Near surface palladium-platinum mineralization
has been returned in assay results from all three targets, with the on- going field exploration programs
designed to evaluate and establish RC drill targets.”
Trenching PGE Assay Highlights:
São Francisco Target:
• 67 metres (“m”) @ 0.59 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), incl.
2 m @ 8.23 g/t 2PGE+Au, and 1 m @ 13.47 g/t 2PGE+Au – Trench TR22SF01;
• 41 m @ 0.43 g/t 2PGE+Au, incl. 2 m @ 1.70 g/t 2PGE+Au, and 3 m @ 1.20 g/t 2PGE+Au –
Trench TR22SF04.
Nambi Target:
• 22 m @ 0.53 g/t 2PGE+Au – Trench TR22NB04.
Trado® Auger PGE Assay Highlights:
Galante West Target:
• 2.5 m @ 2.00 g/t 2PGE+Au from surface, incl. 1.0 m @ 3.83 g/t 2PGE+Au from 1 m depth –
Trado® hole AD22GL01;
• 3.0 m @ 0.76 g/t 2PGE+Au from surface – Trado® hole AD22GL02.
Exploration Update Summary
Nambi, São Francisco and Galante West represent pipeline targets under evaluation by ValOre’s
exploration methodology , which assess es the near -surface PGE potential of showing s throughout the
Pedra Branca district. CLICK HERE for São Francisco and Nambi news release dated September 29, 2022.
See Figure 1 below for a plan map of the São Francisco and Galante West targets, and Figure 2 below for
a plan map of the 1.2-km-long Nambi target area.
At Nambi, four trenches totaling 108 m all exposed ultramafic (“UM”) rocks, establishing an in situ geological
trend of approximately 1.2 km. PGE assays are reported herein for the final trench TR22NB04 (Table 1),
with PGE mineralization now confirmed in all four trenches. The 1.2- km-long trend of continuous in-situ
PGE mineralization remains open along strike in both directions.
At São Francisco, four trenches totaling 182 m all exposed ultramafic (“UM”) rocks, establishing an in situ
geological trend of approximately 300 m. PGE a ssays are reported herein for all 4 trenches (Table 1),
including a high-grade chromitite interval in trench TR22SF01 of 8.23 g/t 2PGE+Au over 2 metres . See
Figure 3 below for a detailed plan map of the Sao Francisco target, and Figure 4 below for photographs of
São Francisco trenches and high-grade chromitites.
At Galante West, a total of 79.2 m in 20 Trado® auger holes have been drilled, with UMs encountered in 18
of 20 holes (68.7 m total). Assays are reported herein for 3 holes (Table 2) and are pending for 17 holes.
Follow-up trenching is planned, with approximately 100 m in two trenches to be excavated, sampled and
assayed in Q4.
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, São
Francisco and Galante West . To date, all three targets meet the criteria of zones which warrant further
testing by core and/or RC drilling.
About Galante West
Galante West target is located 2 km southwest of and along trend from the main Galante target, which was
prioritized in 2022 by ValOre with an extensive exploration program, including soil sampling, Trado® auger
drilling and trenching, which culminated with the definition of a drill-ready, 3-km-long PGE mineralized trend.
CLICK HERE for news release dated May 2, 2022, CLICK HERE for news release dated June 23, CLICK
HERE for news release dated August 3, 2022, and CLICK HERE for news release dated September 8,
2022.
Galante West shows similar geophysical and geochemical signatures, with reported historical rock assays
of 24 g/t 2PGE+Au from chromite-bearing UM rocks (Figure 6) . A total of six historical core holes were
drilled in the area, mainly targeting magnetic anomalies. Ultramafic rocks were not intercepted; however,
reinterpretations based on detailed structural mapping by ValOre geologists, supported by Trado® drilling,
suggest that thr ee of the six holes were shut down prematurely within the hanging wall sequence.
Consequently, much of the Galante West target remains largely untested by drilling.
Table 1: Trench Channel Sample Assay Highlights for São Francisco and Nambi Targets.
Target Trench ID From
(m)
To
(m)
Length
(m)
2PGE+Au
(g/t) 2PGE+Au Interval Summary
São Francisco TR22SF01
0 67 67 0.59 67 m @ 0.59 g/t 2PGE+Au
incl. 2 m @ 8.23 g/t 2PGE+Au
and 1 m @ 13.47 g/t 2PGE+Au
65 67 2 8.23
65 66 1 13.47
São Francisco TR22SF02 8 35 27 0.42 27 m @ 0.42 g/t 2PGE+Au
São Francisco TR22SF03 0 38 38 0.35 38 m @ 0.35 g/t 2PGE+Au
São Francisco TR22SF04
1 42 41 0.43 41 m @ 0.43 g/t 2PGE+Au
incl. 2 m @ 1.70 g/t 2PGE+Au
and 3 m @ 1.20 g/t 2PGE+Au
25 27 2 1.7
37 40 3 1.2
Nambi TR22NB04 8 30 22 0.53 22 m @ 0.53 g/t 2PGE+Au
*Reported trench assay interval lengths from Nambi are channel samples and estimated to represent 85-90% true
width. São Francisco trench assay intervals are estimated to represent 40-50% true width.
Table 2: Trado® Auger Drilling Highlights for São Francisco and Galante West Targets.
Target Hole ID From
(m)
To
(m)
Length
(m)
2PGE+Au
(g/t) 2PGE+Au Interval Summary
São Francisco AD22SF16 0.00 4.00 4.00 0.51 4 m @ 0.51 g/t 2PGE+Au from surface
São Francisco AD22SF17 0.00 1.00 1.00 0.20 3 m @ 0.20 g/t 2PGE+Au from surface
Galante West AD22GL01
0.00 2.50 2.50 2.00 2.5 m @ 2.00 g/t 2PGE+Au from surface
incl. 1 m @ 3.83 g/t 2PGE+Au from 1 m 1.00 2.00 1.00 3.83
Galante West AD22GL02 0.00 3.00 3.00 0.76 3 m @ 0.76 g/t 2PGE+Au from surface
Figure 1: Plan map of the São Francisco and Galante West targets, shown with the drill -ready
Galante target.
Figure 2: Plan map of the Nambi target , locating 2022 trenches excavated along the main
mineralized trend.
Figure 3: Plan map of the São Francisco target, locating Trado ® auger holes, and 2022 trenches
excavated along the main mineralized trend.
Figure 4: (A) São Francisco trench TR22SF01, (B) chromite-rich mineralized dunite on trench
TR22SF04, and (C) high PGE grade in situ chromitite interval in trench TR22SF01.
Figure 5: Plan map of the Galante target, locating Trado ® auger holes drilled along the main
mineralized trend.
Figure 6: (A) Chromitite-reef and (B) chromite-bearing ultramafic rock outcropping at Galante
West target. Rock sample assays pending.
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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