ValOre Reports Initial Trench Results at Galante East Target, Pedra Branca, including 53 m grading 0.59 g/t 2PGE+Au, 31 m grading 0.83 g/t 2PGE+Au and 4 m grading 3.86 g/t 2PGE+Au
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced initial trench assay results from the Galante East target (“Galante East”) 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 successfully utilize Trado® auger drilling and trenching to identify near surface palladium-platinum mineralization at multiple targets property wide,” stated ValOre’s VP of Exploration, Colin Smith. “The trench results at Galante East confirm the presence of in-situ PGE mineralization, demonstrate potential continuity of target chromite-bearing ultramafic rocks over 2.5 km of trend, and warrant follow-up testing in future drill programs.”
Galante East Trenching Highlights:
Assays have been received for 6 of 7 trenches, with all 6 trenches returning PGE mineralization, including:
- 53 metres (“m”) grading 0.59 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), including 6 m grading 1.07 g/t 2PGE+Au and 3 m grading 1.44 g/t 2PGE+Au in trench TR22GE01;
- 31 m grading 0.83 g/t 2PGE+Au, including 16 m grading 1.39 g/t 2PGE+Au and 4 m grading 3.86 g/t 2PGE+Au in trench TR22GE02;
- 19 m grading 0.54 g/t 2PGE+Au including 2 m grading 1.40 g/t 2PGE+Au in TR22GE05.
Assays are pending for the southernmost trench, TR22GE07, which intercepted 90 m of ultramafic and ultramafic-derived rocks (“UM” and “UM-derived”).
Galante East 2022 Exploration Program
The Galante East target is a 3-km-long prospective geological corridor located 7 km south-southwest of Santo Amaro (153,000 oz 2PGE+Au grading 1.11 g/t in 4.3 Mt), and 10 km north-northeast of Curiu (150,000 oz 2PGE+Au grading 2.20 g/t in 2.1 Mt).
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