Valore Metals drills 0.1 g/t 2PGE+Au over 13.55 metres at Pedra Branca, Brazil
Valore Metals Corp. [TSXV-VO; OTCQB-KVLQF; FSE-KEQ0] reported assay results from the Trapia 1 deposit area as part of the 2023 phase 1 drill program at Valore’s 100%-owned Pedra Branca platinum group element (PGE/2PGE+Au) project in northeastern Brazil.
“The 2023 core drilling program at Trapia 1 has successfully demonstrated resource expansion potential, extending known PGE mineralization 400 metres outside of the existing Trapia 1 resource boundary, including high-grade palladium-platinum mineralization within broad intersections of PGE-mineralized ultramafic rocks, and high-grade magmatic nickel sulfide mineralization,” stated Thiago Diniz, Exploration Manager. “The 2023 results build on the 31 previously drilled core holes at Trapia 1 to extend known mineralization to almost 1 kilometre in strike length and down to 300 metres vertical depth, in a deposit that is already the largest resource zone at Pedra Branca.”
Trapia 1 2023 Drill Program Highlights: A total of 1,326 metres were drilled in 4 step-out drill holes, with PGEs intersected in all 4 holes, extending mineralization 400 m outside of the 2022 NI 43-101 optimized resource pit;
New assays from three of the four holes include 13.55 metres at 0.10 g/t palladium + platinum + gold (g/t 2PGE+Au), 0.32% nickel, 0.06% copper starting from 283.2 metres, and including 3.10 metres at 0.22 g/t 2PGE+Au, 0.95% Ni, 0.21% Cu from 283.7 metres and 1.4 metres at 0.15 g/t 2PGE+Au, 0.52% Ni, 0.05% Cu from 294.5 metres in drill hole DD23TU32; 88.25 metres at 0.42 g/t 2PGE+Au from 241.2 metres in drill hole DD23TU35.
Significant magmatic sulfide mineralization intersected in holes DD23TU32 and DD23TU33, including disseminated to semi-massive sulfides (pyrrhotite >pentlandite >chalcopyrite), with four core samples returning over 1% Ni sulfide mineralization in drill hole DD23TU32.
Drill holes DD23TU34 and DD23TU35 confirm continuity of PGE mineralization, which remains open in all directions.
Core assay interval lengths are estimated to represent 95-100% of true width. Determination of Ni and Cu sulfides by atomic absorption spectrometry (AAS), except drill holes DD23TU34 and TU35.
2023 Pedra Branca Drill Program Summary: 6,152 metres drilled in 49 core holes distributed along 8 separate exploration target and resource zones; 1,625 core samples sent to lab, with assays pending for 154 samples from 7 holes.
Valore’s Pedra Branca Platinum Group Elements 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. Valore’s team believes the Pedra Branca project has significant exploration discovery and resource expansion potential.