Val-d'Or Mining Corporation

VZZ

CA91881B1085

Diversified Mining

Market Closed - Toronto S.E. Other stock markets 17:17:30 23/05/2024 BST			5-day change	1st Jan Change
0.05 ^CAD	0.00%		-16.67%	-41.18%

05-14	Val-d'Or Mining Corporation announced that it expects to receive CAD 0.5 million in funding	CI
04-26	Val-d'Or Mining Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Val-d'Or Mining Corporation - Summary of 2021 Exploration Programs and 2022 Exploration Plans

February 11, 2022 at 04:16 pm

Val-d'Or - Val-d'Or Mining Corporation ('Val-d'Or Mining' or the 'Company) (TSX-V: VZZ) provides a summary of the exploration programs completed in 2021, which include approximately $529,000 of internally-financed programs that were complemented by several partner-financed exploration programs.

For 2022, the Company intends to keep the internally-financed exploration activity at approximately the same level as in 2021, with an initial exploration budget of at least $400,000. The exploration activity on the partner-financed projects is expected to increase over the activity experienced in 2021, stemming from newly formed partnerships, such as the Eldorado Gold joint ventures and also due to the increase in results-driven exploration activity by the Company's existing partners. To date, the Company's partners have announced program budgets of more than $5 million for the 2022 exploration season, with the Quebec Nickel Corp. ('QNI') drill program at the Ducros Nickel-Copper PGE Prospects currently ongoing.

Summary of 2021 Exploration Programs

In 2021, Val-d'Or Mining completed four exploration campaigns covering a total of 17 prospects. The total amount spent on exploration activities was $529,000. Included in this amount are the four exploration programs (69% of the total) and general exploration on existing and new projects (31%). Viewed by principal areas of geological and geographical interest, the Company allocated 72% of total expenditures to exploration in the Abitibi Greenstone Belt (Quebec), 3% to the Quebec North (Nunavik), and 25% to the Abitibi Greenstone Belt (Ontario). Details are presented below.

In addition to the internally-financed exploration programs, the company was able to attract several option and joint venture partners. Those partners have committed to exploration programs that far exceed the internally-financed programs. During 2021, two of the Company's partners were particularly active: Juno Corp. worked on the Ring-of-Fire property, including the Company's Luc Bourdon NSR Prospect.

Quebec Nickel Corp. completed a $375,000 exploration program on the Company's Ducros Group of Properties NSR properties during 2021.

About Val-d'Or Mining Corporation

Val-d'Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Quebec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Quebec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE's).

The Company has an expertise in the identification and generation of new projects, and in the early stages of exploration. The mineral interests are broad and range from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals. After the initial value creation in the 100%-owned, or majority-owned properties, the Company seeks option/joint venture partners with the technical expertise and financial capacity to conduct more advanced exploration projects.

Contact:

Glenn J. Mullan

Tel: 819-824-2808

Email: glenn.mullan@valdormining.com

Forward Looking Statements

This news release contains certain statements that may be deemed 'forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made.

Latest news about Val-d'Or Mining Corporation

Val-d'Or Mining Corporation announced that it expects to receive CAD 0.5 million in funding	05-13	CI
Val-d'Or Mining Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	04-26	CI
Val-d'Or Mining Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-28	CI
Val-D'or Mining Corporation Reconstitutes Audit Committee and Its Compensation and Corporate Governance Committee	11/09/23	CI
Val-d'Or Mining Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	25/08/23	CI
Val-d'Or Mining Corporation Enters into Option Agreement with Eldorado Gold Inc	30/05/23	CI
Val-d'Or Mining Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023	26/05/23	CI
Val-d'Or Mining Corporation Announces Closing of Follow on Agreement for Strategic Partnership with Gold Royalty Corp	21/04/23	CI
Val-d'Or Mining Corporation Reports Earnings Results for the Full Year Ended December 31, 2022	13/04/23	CI
Val-d'Or Mining Corporation Auditor Raises 'Going Concern' Doubt	11/04/23	CI
Gold Royalty Enters Separate Agreements With Val-d'Or, International Prospect Ventures; Val-d'Or Soars 43%	02/12/22	MT
Gold Royalty Enters Separate Agreements With Val-d'Or, International Prospect Ventures	02/12/22	MT
Val d'Or Mining and International Prospect Ventures Brief: NYSE American-listed Gold Royalty Buying 12 New Royalties and Entering Agreements To Generate Future Royalties	02/12/22	MT
Val-d'Or Mining Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	29/11/22	CI
Val-d'Or Mining Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	25/08/22	CI
Val-d'Or Mining Corporation Commences Prospecting and Geochemical Survey Program on Two of Its Quebec Abitibi Greenstone Belt Properties	07/07/22	CI
Snowy Owl Gold Corp. cancelled the acquisition of Riviere Lois Prospect from Val-d'Or Mining Corporation.	30/05/22	CI
Val-d'Or Mining Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022	26/05/22	CI
Val-d'Or Mining Corporation Reports Earnings Results for the Full Year Ended December 31, 2021	27/04/22	CI
Val-d'Or Mining Corporation Auditor Raises 'Going Concern' Doubt	25/04/22	CI
Val d'Or Mining Closes Private Placement	18/03/22	MT
Val-d'Or Mining Corporation announced that it has received CAD 1.396473 million in funding from Golden Valley Mines And Royalties Ltd. and other investors	17/03/22	CI
Val-d'Or Mining Reports Private Placement Financing	18/02/22	MT
Val-d'Or Mining Corporation announced that it expects to receive CAD 1 million in funding	17/02/22	CI
Val-d'Or Mining Initiates Drilling on Ducros Group of Properties	20/01/22	MT

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Company Profile

Val-d'Or Mining Corporation is a Canada-based junior natural resource issuer involved in the process of exploring and evaluating its mineral property assets. The Company focuses on the generation of new projects (project generator) and early-stage exploration. Its mineral interests range from precious and base metals to industrial and energy minerals. The Company holds a 100% interest in a group of grassroots properties located in Ontario and Quebec. Its Shoot-Out Prospect is the combination of two properties, Shoot-Out East and Shoot-Out West, and consists of about 62 claims located in the Raglan Belt of northern Quebec. Its Fortin Prospect is located in the central part of Ducros Township, approximately 80 kilometers (km) northeast of the City of Val-d'Or, Quebec, and consists of about five contiguous mining claims. It holds a 100% interest in a group of properties located in the Abitibi Greenstone Belt, which includes the Baden Prospect, Oregon Prospect, and Magoma Prospect.

Sector

Diversified Mining

Calendar

22/08/2024 - Q2 2024 Earnings Release (Projected)

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