“The Trado® auger continues to guide ValOre geologists to significant discoveries property-wide, as demonstrated by the broad, high grade trench intervals from Ipueiras,” stated ValOre’s VP of Exploration,
Ipueiras Trenching Highlights:
- Two of four trenches returned significant intervals of PGE mineralization, including:
- 64 metres (“m”) grading 2.68 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), including 25 m grading 4.65 g/t 2PGE+Au in trench TR22IP01;
- 38 m grading 2.14 g/t 2PGE+Au, including 15 m grading 4.45 g/t 2PGE+Au in trench TR22IP02;
- Detailed follow-up mapping, Trado® and trenching has commenced to further delineate this broad, high-grade, shallow ultramafic (“UM”) intrusion.
Ipueiras 2022 Trado® Auger Drilling and Trenching Program
ValOre conducted detailed geological mapping and prospecting throughout the 2-km-long anomalous trend at Ipueiras, and followed up with 35 Trado® auger holes (105 m), with reported PGE mineralization in 11 of 35 holes. CLICK HERE for news release dated
Figure 1: Ipueiras target ground mag anomaly extending for approximately 2 km along strike from southwest to northeast. High-grade rock and Trado® auger assays highlighted in the two main Zones (Southwest and Northeast Zones) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e5eaba23-39df-40a0-8a44-0d228a91624e
Five shallow pre-ValOre diamond drill holes tested a portion of the northeast zone of Ipueiras, with PGE mineralization reported in 2 holes. Revised interpretations, based on new data from ValOre’s ongoing exploration program, demonstrate excellent potential for mineralization continuity at depth and along strike.
PGE-mineralized Trado® auger results defined an area of focus within the
Assay highlights include multiple high-grade PGE results from the two northernmost trenches associated with thick chromitites and chromitite-rich UMs, including:
- TR22IP01: 64 m grading 2.68 g/t 2PGE+Au, including 25 m grading 4.65 g/t 2PGE+Au;
- TR22IP02: 38 m grading 2.14 g/t 2PGE+Au, including 15 m grading 4.45 g/t 2PGE+Au;
- TR22IP03*: 2.0 m grading 0.37 g/t 2PGE+Au (* assays pending for final 5.0 m).
See Figure 2 below for a plan map with trench locations at the
High-grade PGE assays from historical and ValOre samples, in addition to Trado® auger holes drilled by ValOre at the
Detailed follow-up mapping, Trado® and trenching has commenced to further delineate this broad anomalous trend.
Figure 2: Trench location at the
Figure 3: A. Overview of trench TR22IP01, totaling 71 m from northwest to southeast. B. Chromitite boulders marking an outcropping area of approximately 100 m along trend by 30 m wide crosscut by, and outcrop within, trenches TR22IP01 and TR22IP02. C. Detailed photograph of the high PGE grade chromitites is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b9d01966-1bfa-4e33-b45b-33b93863e0a9
Figure 4A: Cross section highlighting assays channel results for Trench TR22IP01 and coincident Trado® auger holes is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13a28e14-03ce-4b01-9d3b-da9a8ee8e2d3
Figure 4B: Cross section highlighting assays channel results for Trench TR22IP01 and coincident Trado® auger holes is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/32ab3634-8c60-4464-aaac-f227b2941515
About the Trado® Auger
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
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Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory,
ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner
On behalf of the Board of Directors,
“Jim Paterson”
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This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.
Ipueiras target ground mag anomaly extending for approximately 2 km along strike from southwest to northeast. High-grade rock and Trado® auger assays highlighted in the two main Zones (Southwest and Northeast Zones).
Ipueiras target ground mag anomaly extending for approximately 2 km along strike from southwest to northeast. High-grade rock and Trado® auger assays highlighted in the two main Zones (Southwest and Northeast Zones).
Trench location at the Northeast Zone of Ipueiras. Highlights for high grade rock samples and Trado® auger drilling.
Trench location at the Northeast Zone of Ipueiras. Highlights for high grade rock samples and Trado® auger drilling.
A. Overview of trench TR22IP01, totaling 71 m from northwest to southeast. B. Chromitite boulders marking an outcropping area of approximately 100 m along trend by 30 m wide crosscut by, and outcrop within, trenches TR22IP01 and TR22IP02. C. Detailed
A. Overview of trench TR22IP01, totaling 71 m from northwest to southeast. B. Chromitite boulders marking an outcropping area of approximately 100 m along trend by 30 m wide crosscut by, and outcrop within, trenches TR22IP01 and TR22IP02. C. Detailed photograph of the high PGE grade chromitites.
Cross section highlighting assays channel results for Trench TR22IP01 and coincident Trado® auger holes.
Cross section highlighting assays channel results for Trench TR22IP01 and coincident Trado® auger holes.
Cross section highlighting assays channel results for Trench TR22IP01 and coincident Trado® auger holes.
Cross section highlighting assays channel results for Trench TR22IP01 and coincident Trado® auger holes.
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