ValOre Metals Corp. (“ValOre”; the “Company”;
TSX‐V: VO; OTC: KVLQF; FRANKFURT: KEQ0) today summarized 2021 goals
which aim to build on the 2020 accomplishments at ValOre’s
100%-owned Pedra Branca Platinum Group Element (“PGE”) Project in
northeastern Brazil.
2021 Focus
ValOre issued over 20 news releases documenting accomplishments
in calendar 2020, and we expect to report a greater number in 2021
as the Company generates more material corporate and project
related news. Subject to final board approval, receipt of any
required permits and financing, the ValOre team will be busy
building upon a solid year of performance in 2020 as we seek to
rapidly advance Pedra Branca. Details will follow in the form of
specific activity related news releases, including the following
areas of focus:
- Resource expansion and discovery drilling in specific zones,
including Trapia and Santo Amaro;
- Resource delineation drilling in specific zones, including
Esbarro and Curiu;
- Target advancement drilling at Cana Brava and the recent C-04
ValOre drilling discovery;
- New discovery target generation and drilling at untested sites
over the property;
- Building on highly encouraging initial results from work
related to mineralogy, mineral processing and metallurgy, we will
focus on determining the safest, highest margin and most productive
project development strategy.
Team Built
In 2020, we added considerable depth and technical talent to the
ValOre team (June 18 and Sept 21 news releases). I am honoured to
work with such a conscientious group of incredibly hard working and
competent professionals in Brazil, Canada, USA and UK. The benefit
to shareholders of having some of our industry’s brightest minds
focused on adding value through exploration and discovery, while
relentlessly interrogating the data to de-risk and advance Pedra
Branca, cannot not be overstated. Our path forward is very
exciting!
Community Engagement
We strive to have a positive impact on the communities
surrounding Pedra Branca, and in particular, the wonderful people
of Capitão Mor. We take our responsibilities to the communities
seriously and some of this initial commitment included supporting
the local medical clinic with donations of supplies in what was a
particularly testing year for everyone. As the project activity
level scales up, our ability to be a positive element in the
community also increases.
Exploration Success
In 2020, ValOre’s team successfully advanced the Pedra Branca
PGE project on multiple fronts. We executed on budget a 6,314 metre
drill program comprised of resource expansion (4,999 metres in 32
holes), target advancement (565 metres in 8 holes) and discovery
drilling (750 metres in 8 holes). Samples from 44 drill holes were
sent for assays, with results still pending from 8 holes drilled at
Santo Amaro.
A highlight from resource expansion drilling at Trapia 1 was
hole DD20TU20 which intersected 76.74 metres of 1.25 g/t 2PGE+Au,
including 15.00 m of 4.19 g/t 2PGE+Au, 0.63% Ni and 0.25% Cu (Dec 1
release).
A highlight from discovery drilling activities was 2PGE+Au
mineralization encountered in all three drill holes (Oct 27
release) at the previously undrilled C-04 target. These results are
significant, as they validate ValOre's exploration methodology (Dec
4 2019 release) and I believe this successful methodology will have
a positive impact on the results of future exploration programs
project-wide.
We received encouraging assay results and reports from targeted
exploration programs across our property, including mapping,
prospecting (245 rock samples), trenching, rhodium values from
resampling of historical drill core (Mar 12 and Nov 19 releases)
and soil sampling (2,845 samples).
Project Advancement
Our work related to mineralogy, processing and metallurgy has
provided positive initial results which gives us the encouragement
and impetus to commence additional testing. For a synopsis of the
related 2020 releases, please click this video link HERE.
Highlights include:
- Platsol™ metallurgical test recoveries of 93.4 to 93.6%for
palladium (Pd) and 95.3 to 95.7%for platinum (Pt);
- Hot cyanide metallurgical test recoveries of 84.4%, 88.5%and
91.7% palladium;
- Falcon UF gravity test work effectively concentrates platinum
with 82.6% Pt recovered in 32.1% of the mass.
In looking ahead to what promises to be a productive and
successful year, I would like to thank our shareholders, team
members, service providers and the people in the communities
surrounding Pedra Branca for their support in 2020. We wish you all
health, happiness and prosperity in 2021. Let’s get after it!
On behalf of the Board of Directors,
“Jim Paterson”
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
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
Colin Smith, P.Geo., ValOre’s QP, who oversees New Project Review
for ValOre.
About ValOre Metals Corp.
ValOre Metals Corp.
(TSX‐V: VO) is a
Canadian company with a portfolio of high‐quality exploration
projects. ValOre’s team aims to deploy capital and knowledge on
projects which benefit from substantial prior investment by
previous owners, existence of high-value mineralization on a large
scale, and the possibility of adding tangible value through
exploration, process improvement, and innovation.
For further information about, ValOre Metals
Corp. or this news release, please visit our website
at valoremetals.com or contact Investor Relations toll
free at 1.888.331.2269, at 604.653.9464, or by email
at contact@valoremetals.com.
ValOre Metals Corp. is a proud member of
Discovery Group. For more information please
visit: www.discoverygroup.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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 the
Company 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.
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