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Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese | |
| Date: | 3/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-3-2017: Valor Resources Ltd. announces a Resource Estimation report for its Berenguela deposit at the Berenguela project. Updated Resource Estimate confirmed for JORC (2012) compliance. Valor Resources Limited (“Valor” or the “Company) is pleased to re | |
| Resources: | (Resource, I+I): 21.60Mt @ 126.36ppm Ag for 87.75Moz Ag contained at project | |
| CP/QP: | [Resources]: Marcelo Batelochi (MB Soluções em Geologia e Mineração Ltda) | |
| ABSTRACT: | Valor Resources Limited (“Valor” or the “Company) is pleased to report that it has confirmed Indicated and Inferred resources for the Berenguela project, previously reported in 2005 under NI 43-101, for JORC (2012) compliance. On 13 February 2017, Valor announced the Company had entered into a Definitive Agreement to acquire 100% ownership of the Berenguela CopperSilver-Manganese project from Silver Standard Resources (“Silver Standard”). In 2005, Silver Standard published a maiden mineral resource estimate for the Berenguela project under NI 43-101 compliance after a significant exploration campaign (details within the attached report). The Company retained MB Geologia Ltda, an independent consultancy, to confirm the Indicated and Inferred 43-101 resources reported by Silver Standard, for JORC (2012) compliance. Between 25 January and 10 February 2017, MB Geologia consultant, Mr. Marcelo Batelochi (AusIMM), completed a comprehensive review of technical reports, resource modeling, drill core, samples and site visit. The following announcement provides a summary of the information contained in the announcements dated 13 February 2017 and 1 March 2017 for the purposes of listing rule 5.8.1. Commenting on the independent confirmation of resources, Valor Chairman Mark Sumner stated: “MB Geologia’s confirmation of the Berenguela Indicated and Inferred Resources for JORC compliance gives Valor an excellent foundation for the next steps of project development.” | |
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