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ValOre Metals Corp.
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pedra Branca | |
| Location: | Brazil | |
| Commodities: | Gold-Platinum-Palladium | |
| Date: | 3/12/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-3-2020: ValOre Metals Corp. announces an Exploration/Drilling Update report for its Pedra Branca deposit at the Pedra Branca project. Re-assay of historical drill core results incl. 0.5m @ 44.24g/t Pd+Pt+Au, 1.44g/t Rh from 5.6m. Vancouver, B.C. ValOre | |
| Resources: | (Resource, Inf.): 27.2Mt @ 0.42g/t At, 0.77g/t Pd, 0.02g/t Au | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Vancouver, B.C. ValOre Metals Corp. (TSX‐V: VO) ("ValOre") today announced initial rhodium (Rh) assay results for 51 historical, pulverized drill core samples (pulps) from the Pedra Branca Platinum Group Elements and Gold (PGE+Au) project in northeastern Brazil. This is the first-time rhodium has been assayed in drill core at Pedra Branca. ValOre’s Chairman and CEO, Jim Paterson stated: “Rhodium was previously undocumented in drilling related data at Pedra Branca; however, with these results we can see the correlation between the higher grades of palladium, platinum and rhodium in drill core and our team is excited to utilize this knowledge to help us in the exploration and discovery process on a regional scale.” Fifty-one (51) historical Pedra Branca drill core pulp samples were submitted for rhodium assay at SGS Geosol, Minas Gerais. Batches of approximately 10 pulps from each of the existing five NI 43-101 PGE+Au deposits were selected on the following basis: a range of 2PGE+Au grades (from >2 to >44 g/t) and intercept depths (from near surface to >86m) to assess trends in rhodium distribution. A strong positive correlation of Rh grade to 2PGE+Au grade was evident, with the 5 highest-grade 2PGE+Au samples returning 4 of the highest Rh values. | |
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