ValOre Metals drills 1.59 g/t 2PGE+Au over 71.8 metres at Pedra, Brazil

Share this article

ValOre Metals Corp. [VO-TSXV; KVLQF-OTCQB; KEQ-FSE] reported initial assay results from the recently completed 2023 phase 1 core drilling at its 100%-owned Pedra Branca Platinum Group elements (PGE, 2PGE+Au (platinum plus palladium plus gold)) project in northeastern Brazil.

“Drill results from DD23TU33 indicate a broad interval of high-grade mineralization intersected in a 150-metre step out hole to the south of the existing resource at Trapia 1, underscoring the resource expansion potential. Importantly, this broad intersection contains a higher-sulphide, high-grade PGE-Ni-Cu interval that may be amenable to targeting by geophysical methods,” stated Thiago Diniz, Exploration Manager, Valore Metals Corp. “Trapia 1 results have ramifications at other known zones across the Pedra Branca project, as they clearly demonstrate significant resource expansion potential at depth and down dip of previous drilling.”

Trapia 1: Assay results received for the first of four holes drilled in 2023 at the Trapia 1 deposit (total 1,326 m); 71.8 metres at 1.59 g/t palladium + platinum + gold (g/t 2PGE+Au) starting from 235.9 metres, including 8.15 metres at 10.54 g/t 2PGE+Au, 0.37% nickel and 0.11% copper.

High-grade palladium-platinum and nickel-copper mineralization occurs in association with a sulfide-rich peridotitic horizon at the bottom of the chromitite reef, and is characterized by up to 5 per cent disseminated to brecciated pyrrhotite, pyrite, pentlandite and chalcopyrite;

PGE mineralization intercepted 150 metres outside of the existing 2022 NI 43-101 resource at Trapia 1 (480,000 oz of the total Trapia 2022 NI 43-101 resource of 885,000 oz at 0.96 g/t).

Assays pare ending for the remaining Trapia 1 holes, including DD23TU35 located up-dip of DD23TU33; and DD23TU32, representing an additional 150-metre step-out to the south, along strike and down-plunge of DD23TU33.

2023 Drill Program: 6,152 metres drilled in 49 holes distributed along 8 separate exploration and resource zones; 1,625 core samples sent to lab, with assays pending for 641 samples from 14 holes.

Recently received assays results also include near-surface PGE mineralization drilled in the Ipueiras target, including 11.85 metres grading 0.55 g/t 2PGE+Au from surface, including 0.9 mietres grading 1.58 g/t 2PGE+Au from 2.65 metres in drill hole DD23IP04.

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.

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't miss the


Exclusive editorial

Breaking News

Quality Company Coverage

Expert Writers

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Resource World Magazine will use the information you provide on this form to be in touch with you and to provide updates and marketing.