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Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese | |
| Date: | 6/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 13-6-2017: Valor Resources Ltd. announces a Scoping Study report for its Berenguela deposit at the Berenguela project. Scoping study results incl. capital expenditure of $1165M and LOM of 11yrs. Valor Resources Limited (“Valor” or the “Company”) is please | |
| 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 announce that an Independent Scoping Study (“the Scoping Study”) conducted on its 100% owned Berenguela Copper Silver Project (“the Berenguela Project” or “Berenguela”) located in South Central Peru has yielded positive results which support Valor’s decision to proceed with the next phase drilling, metallurgical testing and subsequently proceed to Pre-Feasibility Study. Commenting on the Scoping Study results, Valor’s Executive Chairman, Mark Sumner, said: “The Company is pleased with the results of the Berenguela Scoping Study. The Scoping Study reinforces our view that the Berenguela Project presents an attractive investment proposition within the copper and silver markets. Valor believes this analysis provides a strong justification for the Company’s planned investment and work program in the coming months and supports the Company’s aim to deliver a rerating in the value of Valor stock for shareholders. We expect to mobilise drill rigs in June so we can continue driving the Berenguela Project towards PFS and eventually mine development. The Company will continue to progress as efficiently as possible in order to deliver positive results for shareholders.” | |
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