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Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese-Zinc | |
| Date: | 8/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-8-2017: Valor Resources Ltd. announces an Exploration/Drilling Update report for its Berenguela deposit at the Berenguela project. Drilling results incl. 57m @ 0.96% Cu, 151.1g/t Ag, 7.15% Mn, 0.97% Zn from 3m. Valor Resources Limited (“VAL” or the “Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marcelo Batelochi (MB Soluções em Geologia e Mineração Ltda) | |
| ABSTRACT: | Valor Resources Limited (“VAL” or the “Company”, ASX: VAL) is pleased to report the first assay results from the drilling program at the Berenguela Copper-Silver Project in Southern Peru. Drilling has confirmed the mineralisation within the Inferred Resource shell, as well as an extension of the Copper (Cu) and Silver (Ag) Resources previously reported, leading to the potential for an expansion of the current Resource estimates. The results confirm that the deposit remains open to the North, with the 15 holes reported in this release confirming mineralisation outside the current Resource shell. Drilling has also confirmed consistent Zinc (Zn) and Manganese (Mn) mineralisation across the deposit. Commenting on the first set of drill results, Valor Chairman, Mark Sumner said: “The intercepts delivered here are excellent and these assay results reinforce that the Berenguela deposit holds considerable unlocked value. As well as the high-grade copper and silver mineralisation that we have encountered, the discovery of zinc and manganese mineralisation across the deposit is very encouraging and clearly adds further value to this ore body. “As well, these results confirm significant mineralisation outside of the Inferred Resources shell and we anticipate this leading to an increase in total JORC Resource tonnage. Further drilling results will be reported shortly which we expect to be consistent with the assay results reported today.” The drilling program commenced on 10 July 2017. The program includes 66 drill holes for a total of 9,570 meters, targeting depths between 100 and 200 meters focusing primarily on the Berenguela central deposit area, with select drill holes targeting mineralisation outside of the area current Inferred Resource shell. To date, 15 holes for a total of 2,120m have been completed. The drill holes are spaced on 35m x 35m grid and were performed from 5 platforms (BEP6, BEP7, BEP8, BEP2 & BEP023). | |
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