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Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese-Zinc | |
| Date: | 9/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-9-2017: Valor Resources Ltd. announces an Exploration/Drilling Update report for its Berenguela deposit at the Berenguela project. Drilling results incl. 25m @ 1.99% Cu, 57.38g/t Ag, 10.71% Mn, 0.21% Zn from 29m . 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 latest assay results from the drilling program at the Berenguela CopperSilver Project in Southern Peru. Drilling from platform 031 (see Figure 2 – Drilling Platform Map), has returned high grade copper intercepts along the south-eastern border of the Berenguela deposit. Valor Chairman, Mark Sumner said: “The copper grades in these drill holes continue to exceed our expectations, and we are consistently discovering thick intercepts with average copper values over 1%, with many intervals over 2%, 3% and 4%. We are also witnessing an increase in the thickness of mineralised intercepts along the North-South axis as compared to previous drilling campaigns around the current southeastern border of the deposit. “These large, high grade copper intercepts enhance the potential for Valor to increase resources in the southeastern area. These results have created a new set of high priority drill targets for the next stage of exploration and resource definition. “We will continue to report a steady stream of assay results over the coming months, with further results from this drilling program to be released very shortly, followed by an updated JORC resource estimate.” 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, 37 holes for a total of 5,245 meters been completed. The drill holes are spaced on 35m x 35m grid and were performed from 14 platforms | |
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