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ValOre Metals corp

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kopke1
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ValOre Metals corp

Bericht door kopke1 »

Tot op heden werd Valore vermeld onder de rubriek uranium. Ondertussen heeft het bedrijf zijn activiteiten bijgesteld

To the Stakeholders of ValOre Metals Corp.
2019 has been transformative for ValOre Metals Corp. (TSX-V: VO). We have successfully restructured the Company and recently bolstered our high value resource holdings with the addition of an exciting platinum group metals property, Pedra Branca, in Brazil, alongside our existing Angilak and Genesis/Hatchet uranium and Baffin gold projects (all in Canada).
On January 15, 2019, ValOre completed a rights offering raising C$2.45M, which gave shareholders the opportunity to finance the Company as we pivoted to take advantage of our group’s ability to raise capital and execute accretive transactions in a challenging financing environment for the global mining sector.
As you may already be aware, ValOre is a proud member of Discovery Group, which was founded by John Robins in 2005, and then successfully relaunched and rebranded by John and I in 2016. Being a part of this unique group with such recent major successes as Kaminak (Yukon gold project acquired by Goldcorp for $520M), Northern Empire (Nevada gold project acquired for Coeur Mining for $117M), and Great Bear (gold discovery in Red Lake with a current market cap in excess of $375M) gives ValOre incredible access to first class professionals, high quality deal flow, and capital to finance our activities.
On August 14, ValOre announced the closing of a transaction to acquire 100% ownership of the Pedra Branca PGM District in north-eastern Brazil. The landholdings total 38,940 hectares and host five distinct PGM+Au (Ni+Cu+Co+Cr) deposit areas. Along with the acquisition, ValOre filed an independent NI 43-101 inferred resource estimate of showing that Pedra Branca hosts 1,067,000 ounces PGM+Au in 27.2 million tonnes grading 1.22 grams PGM+Au per tonne. Mineralization outcrops at surface, making all of the inferred resources legitimate open pit targets, and excellent opportunities exist for resource expansion and conversion at all five deposits.
Pedra Branca has seen over US$35M of historic exploration expenditures by Anglo American Platinum and other companies, including over 30,000 m of drilling, extensive geochemistry and geological mapping, and high-quality airborne and ground geophysics.
Our efforts to leverage this tremendous database have already begun and our excitement around the potential of the project grows by the day. By the end of January 2020, we’ll announce an initial exploration program for 2020 with the benefit of the knowledge from the activities currently underway or recently completed:
• WorldView: acquisition of enhanced and modeled digital satellite imagery from the highest resolution commercial satellite in the world, focused on supporting exploration fieldwork with alteration mineral modeling and high-spatial resolution true-color imagery for the project area.
• Geophysics: re-processing the district-scale, detailed (50 m line-spacing) 2013 aeromag survey collected by Anglo by means of a 3D magnetic-susceptibility model to help define the geometry, dip and approximate the thickness of the target ultramafic intrusions.
• HIVE: consultancy performing a full drillhole database verification program and supporting ValOre in the development and refinement of an accurate, organized and synthesized exploration database.
• Data compilation: upon completion of the above-mentioned database verification and organization, authenticated historical data will be synchronized with newly acquired exploration data to facilitate and accelerate the path to discovery and resource expansion.
This area of Brazil is an exploration- and mining-friendly jurisdiction, and the project is supported by the local and state governments. One of ValOre’s newest directors, Brazilian resident Luis Azevedo, has already played a key role in connecting us with the people and groups we will need to successfully advance the project, and was recently named Vice President of the newly formed Mining Council of the National Confederation of Industry (“CNI”) in Brazil. Access is excellent year-round via two paved highways from Fortaleza (a coastal city with a port and over 3 million people), and infrastructure is in place, including electricity, water, housing, office space, core storage and logging facilities, telephone and internet.
The exploration potential of the Pedra Branca Project from both a resource expansion and greenfields perspective is highly compelling, with numerous property-wide surface to near-surface PGM targets. This acquisition meets ValOre’s criteria in three key areas: high-value metal mineralization on a large scale; substantial project investments by previous operators; and obvious exploration strategies and process improvements which can be implemented by ValOre to add significant value to the project.
ValOre’s technical team has made tremendous progress in organizing, reviewing, and understanding the literal ‘treasure trove’ of data generated at Pedra Branca by previous exploration groups. In the case of our newest target “C04”, we have an exploration methodology that works efficiently and effectively in the target-rich environment which hosts a ‘discovery pipeline’ with the potential to add significant value for our shareholders.
As reported in our press release on December 4, 2019, four grab samples collected in October were submitted to SGS Canada for analysis, and all returned compelling PGM plus gold results of up to 7.945 grams per tonne. Assay results for all submitted samples are summarized in the accompanying table.
SUMMARY OF ASSAY RESULTS FROM FOUR SUBMITTED GRAB SAMPLES AT THE C04 EXPLORATION TARGET, PEDRA BRANCA PROJECT (SGS CANADA INC.)
Sample Au(ppb) Pt (ppb) Pd (ppb) PGM + Au (ppb) PGM + Au (g/t)
B-C4-11-A 23 7,616 306 7,945 7.945
B-C4-11-B 13 2,039 338 2,390 2.390
B-C4-11-C 52 2,125 142 2,319 2.319
B-C4-11-D 13 2,722 301 3,036 3.036
To get a clearer understanding of our approach to project acquisition, exploration and development, please click here. We are confident that our approach is a very sound one, which attempts to protect our investors from downside, while providing significant upside as the project gets advanced and we unlock value.
As we commence fieldwork on the Pedra Branca project in Q1 2020, we’ll keep our shareholders informed of our efforts through news releases and increased road shows and conference attendance.
Sincerely,
Jim Paterson, Chairman & CEO
ValOre Metals Corp. (TSX-V: VO





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kopke1
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Re: ValOre Metals corp

Bericht door kopke1 »

Dear Stakeholder,
ValOre Metals Corp. (TSX-V: VO, OTC: KVLQF, FSE: KEQ0) recently attended the Metals Investor Forum in Vancouver - an exclusive invite only event that offers investors the chance to connect with management teams of some of the top companies in the industry. Each company is selected by an industry newsletter writer, with ValOre’s invite coming courtesy of Gwen Preston, The Resource Maven. Jim Paterson, CEO, presented on stage as part of Gwen’s panel and alongside other junior mining companies.
In his presentation, Jim introduced the ValOre Metals story and more specifically the Pedra Branca opportunity in Northeastern Brazil.

https://www.youtube.com/watch?v=5x3jyUX ... e=emb_logo

kopke1
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Re: ValOre Metals corp

Bericht door kopke1 »

Koers reageert gunstig op boorresultaten

ValOre Expands PGE Mineralization at Pedra Branca with Step-Out Drilling; Intersects 9.49 g/t 2PGE+Au over 2.45 metres
Vancouver, B.C. ValOre Metals Corp. ("ValOre"; the “Company”; TSX‐V: VO; OTC: KVLQF; FRANKFURT: KEQ0) today announced assay results from the ongoing Phase 1 core drill program at ValOre’s 100%-owned Pedra Branca Platinum Group Elements Project in northeastern Brazil. Assay results for the final three of five holes drilled at the Trapia 1 target are reported herein.
Highlights from ValOre’s Initial Drilling at Trapia 1:
• Drill hole DD20TU13
o Successfully expands Trapia 1 mineralization with 140 metre step-out along strike to the south
o 9.49 g/t 2PGE+Au (Palladium, Platinum and Gold; Pd, Pt+Au) over 2.45 metres (m) within a broad mineralized ultramafic (“UM”) unit 0.76 g/t 2PGE+Au over 61.85 m from 217.50 m downhole;
• Drill hole DD20TU14
o Extends the down-dip mineralization at Trapia 1 in the northern portion of the resource area, and shows a thickening of the mineralized body at depth;
o 1.27 g/t 2PGE+Au over 5.00 m, within a broader interval of 0.60 g/t 2PGE+Au over 21.55 m from 118.80 m downhole;
• Initial drill results indicate that the large 3D magnetic inversion target extending approximately 1 kilometre from the Trapia 1 resource represents an intact and mineralized intrusion;
• Mineralization remains open in all directions, with multiple drill holes planned for immediate follow-up;
• Trapia 1 orebody has been shown to be thickening with depth across the entire width of the resource, and remains thick (61.85 m) in newly drilled areas south of the resource
ValOre’s Chairman and CEO, Jim Paterson, stated: “Our Phase 1 drilling has successfully identified near surface mineralization in the southern portion of the current Trapia 1 resource area; extended and thickened the easterly down-dip mineralization across the full width of the resource; and proven that the mineralized ultramafic intrusion remains intact and open to expansion along a 1 kilometre geophysical target to the south. We plan to return to Trapia 1 near the end of Phase 1 due to the considerable resource expansion potential.”

kopke1
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Re: ValOre Metals corp

Bericht door kopke1 »

ValOre Expands Fully Financed Exploration Program at Pedra Branca with Additional Drill Rig and New Geological Team Members
Vancouver, B.C. ValOre Metals Corp. (“ValOre”; the “Company”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0) today announced the addition of a second drill rig to accelerate Phase 1 and Phase 2 of the 2020 core drill program on the Company’s 100%-owned Pedra Branca Platinum Group Element (PGE) Project in northeastern Brazil. ValOre has also augmented the on-site technical team to help execute its newly expanded exploration program. With a CAD $500,000 increase to the existing unsecured revolving credit facility, ValOre is completely funded to finish both Phase 1 and Phase 2 drill programs at Pedra Branca.
Pedra Branca Exploration Highlights:
• Phase 1 drill program has tested six targets with 21 diamond drill holes (“DDH”) to date, totaling 2,210 metres (“m”) of 2,875 m planned. See Table 1 below for details;
• Significant potential for expansion of current NI 43-101 resources has been corroborated by Phase 1 drilling at the Trapia 1 target;
• Five new drill holes are planned to follow-up on DD20TU13 that yielded a 61.85 m PGE intercept, including 9.49 g/t 2PGE+Au (Palladium, Platinum and Gold; Pd, Pt+Au) over 2.45 m, adding another 985 m of drilling in September at Trapia 1. The additional drill holes at Trapia 1 will step out along strike of the 1 kilometre (“km”) long magnetic inversion feature located immediately south of the existing NI 43-101 resource;
• Prospective ultramafic (“UM”) rocks were intercepted in all three holes at C-04, both holes at Golden Goat, four of five holes at Cana Brava, three of four holes at Cedro and one of three holes at Esbarro East (see Tables 1 and 2 below);
• 1,062 samples have been sent to SGS Vespasiano, with results from five holes (444 samples) at Trapia released (see releases dated August 25 and 31, 2020). Assays are pending from Cedro, Golden Goat, Esbarro East, Cana Brava, and C-04 targets;
• Phase 2 drill program (3,035 m) is fully-funded with the second drill rig arriving in early October to facilitate follow-up drilling of high-priority targets;
• Phase 2 completion will be accelerated by at least two months with a reduction in costs due to efficiencies and economies of scale;
• Additions to geological team to boost property wide exploration and discovery program include:
o Three new experienced Brazilian geologists and one Brazilian mining technician;
o Focused on property wide discovery pipeline, the bolstered team will execute soil sampling, prospecting, and mapping campaigns at Trapia, Mendes North, and Santo Amaro and trenching select areas near existing resource zones;
• Metallurgical test work continues at SGS Lakefield and timing of results will be staged throughout Q4, 2020

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