Valore Metals Corp. [VO-TSXV; KVLQF-OTC] reported drill results and an update on metallurgy at its 100%-owned Pedra Branca platinum group elements (PGE, 2PGE-Au (platinum-palladium-gold)) project in northeastern Brazil.
“We are very encouraged by confirmatory drill core assay results from the Esbarro and Curiu PGE deposits, which returned impressive, high-grade palladium-platinum through broad intercepts from surface,” stated Valore’s vice-president of exploration, Colin Smith. Ten HQ-size core drill holes totalling 591 metres at the Curiu and Esbarro PGE deposit areas were completed, logged, sampled and assayed prior to planned metallurgical testwork.
All 10 drill holes confirmed the historically reported geology and returned high-grade, shallow PGE-mineralized intercepts such as 77 metres at 2.95 g/t 2PGE-gold from surface, including 45 metres at 4.76 g/t 2PGE-gold and 0.1 g/t rhodium from 16 metres, and 6.4 metres at 16.92 g/t 2PGE-gold and 0.52 g/t rhodium from 30 metres in drill hole DD21ES15C.
Drill hole DD21CU12A returned 49 metres at 2.03 g/t 2PGE-Au from 19 metres, including 4.6 metres at 11.94 g/t 2PGE-Au and 0.25 g/t Rh from 23.68 metres. Drill hole DD21PBE30A returned 77 metrres at 1.01 g/t 2PGE-Au from surface. Drill hole DD21CU12A returned 47 metres at 1.51 g/t 2PGE-Au from surface.
Highly experienced metallurgist Chris Kaye has been engaged to oversee the current and future testwork campaigns. Metallurgical testwork program at ALS in Kamloops is expected to commence mid-October, with a primary focus on mineralogy and conventional processing circuits. Composite samples have been selected and shipped.
Reported core assay interval lengths are estimated to represent 95 to 100% of true width.
Ten HQ-size core drill holes (totalling 591 m) were completed to provide PGE mineralized material for planned metallurgical testwork. Six holes (378 m) were drilled into the Esbarro deposit (394,000 ounces 2PGE-Au contained in an inferred resource of 9.9 million tonnes grading 1.23 g/t 2PGE-Au), and four holes (213 m) were drilled into the Curiu deposit (1.6 mt grading 1.93 g/t 2PGE-Au, containing 100,000 ounces).
All drill holes confirmed the historically reported mineralized ultramafic (UM) intrusion and returned broad, shallow, high-grade 2PGE-Au intercepts. See the associated table for a complete table of drill core assays and visit the company’s website for a map of the metallurgical drill hole locations at Esbarro and Curiu.