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Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese-Zinc | |
| Date: | 9/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-9-2017: Valor Resources Ltd. announces an Exploration/Drilling Update report for its Berenguela deposit at the Berenguela project. Drilling results incl. 55m @ 1.87% Cu, 251.90g/t Ag, 13.55% Mn, 0.51% Zn from 0m. 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 report the latest assay results from the drilling program at the Berenguela Copper-Silver Project in Southern Peru. The drilling continues to deliver high grade mineralised intercepts. Valor Chairman, Mark Sumner said: “This is yet another fantastic set of drill holes. The program has extended beyond confirming historical drilling and we are defining new resource areas, which will lead to an expansion of the size of the resource. We designed this program to expand and upgrade the resource at Berenguela and the results have been excellent. We continue to witness very high silver grades in these intercepts, but we are also seeing much higher than average copper grades which is particularly encouraging. Copper grades are consistently over 1%, with many intervals over 2% and 3%. We are progressing with a JORC (2012) Resource update, based on the drilling to date and expect to release it to the market in the coming weeks. It is worth keeping in mind that we have only explored slightly over 2% of the total Berenguela concession area and we are only just starting to realise its true value. It is showing all the characteristics of being a very valuable and large copper-silver deposit.” The drilling program commenced on 10 July 2017. The program includes 66 drill holes for a total of 9,570 metres, targeting depths between 100 and 200 metres focusing primarily on the Berenguela central deposit area, with select drill holes targeting mineralisation outside of the area current Inferred Resource shell. To date, 32 holes for a total of 4745 meters have been completed. The drill holes are spaced on 35m x 35m grid and were performed from 13 platforms | |
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