For thousands of other reports visit RSC's Mineral Intellingence Map
Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese-Zinc | |
| Date: | 10/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2017: Valor Resources Ltd. announces an Exploration/Drilling Update report for its Berenguela deposit at the Berenguela project. Drilling results incl. 80m @ 1.34%Cu, 136.74g/t Ag, 15.06% Mn, 0.34% Zn from 21m. Valor Resources Limited (“VAL” or the | |
| Resources: | (Resource): 15.6Mt @ 132g/t Ag, 0.92% Cu (Ind.) and 6Mt @ 111g/t Ag, 0.74% Cu (Inf.) at project | |
| CP/QP: | [Overall Report]: Marcelo Batelochi (MB Solucoes em Geologia e Mineracao Ltda) | |
| ABSTRACT: | Valor Resources Limited (“VAL” or the “Company”, ASX: VAL) is pleased to confirm more multiple high grade and thick intersections from drilling at the flagship Berenguela Copper-Silver Project in Southern Peru. Valor Chairman, Mark Sumner said: “Assay results continue to exceed our expectations. We are witnessing high grade copper and silver intercepts across the project and we are very encouraged by both the length of the intersections and the multiple very high grade zones we are encountering like the three meter of silver at 916 grams per tonne. “We still have results to report from multiple holes to complete the drill program. The JORC-compliant resource will be reported very shortly and we believe will be the next game-changer for Berenguela.” The Cu, Ag, and Mn mineralization is hosted within limestone and dolostones of the middle to late Cretaceous Ayavacas Formation. Mineralization is focused within lenticular bodies of manganese and iron oxides derived from complete and extensive replacement of Ca-Mg carbonates. The Mn carbonates are a product of metasomatic alteration from intermediate sulfidation epithermal (ISE) fluids. These mineral rich fluids were channelized along faults and intensely fractured zones where mineralized veins are localized. The southern boundary of the property approximately parallels this deformation. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report