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Project: | Berenguela | |
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Deposit: | Berenguela | |
Location: | Peru | |
Commodities: | Silver-Copper-Manganese-Zinc | |
Date: | 1/30/2018 | |
Report Code: | JORC | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 30-1-2018: Valor Resources Ltd. announces a Resource Estimation report for its Berenguela deposit at the Berenguela project. Clarrified report contains further information relating to ASX rule 5.8.1. As announced on 9 January 2018, Valor Resources Limited | |
Resources: | (Resource, Total): 25.82Mt @ 119.48g/t Ag, 0.996% Cu, 7.07% Mn, 0.353% Zn at project | |
CP/QP: | [Resources]: Marcelo Batelochi (MB Soluções em Geologia e Mineração Ltda) | |
ABSTRACT: | As announced on 9 January 2018, Valor Resources Limited (“VAL” or the “Company”, ASX: VAL) Is pleased to report a substantial increased JORC (2012) Mineral Resource Estimate including a maiden Measured Resource Estimate (“Resource Estimate”) for the Berenguela Copper-Silver Project (“Berenguela Project”). Further to the ASX Announcement dated 9 January 2018, MB Geologia consultant, Mr. Marcelo Batelochi (AusIMM), provides a summary of the information contained in the announcement dated 9 January 2018 for the purposes of listing rule 5.8.1. This report was prepared to provide a JORC - 2012 Technical Report on the Berenguela Project, a Copper/Silver/Zinc/Manganese deposit, located in the Altiplano of South-eastern Peru. The Berenguela Mineral concessions is 100% owned by “Sociedad Minera Berenguela – SOMINBESA S.A.”, which is 100% controlled by Valor Resources. This Report was prepared by independent Consultant Mr. Marcelo Antonio Batelochi (MB Soluções em Geologia e Mineração Ltda) at the request of Mr. Ernesto Lima, Chief Operating Officer and is considered current as of January 2018. The purpose of this Report is to provide an independent, JORC – 2012 Technical Report on the Berenguela Project. MB understands that this report may be used for internal decision-making purposes and will be filed as required under AuSIMM and ASX regulations. The Report may also be used to support public equity financings. The reported contents in this Report has been prepared in full conformance and compliance with the JORC – 2012 Standards of Disclosure for Mineral Projects and in force as of the effective date of this Report. Mr. Batelochi, as a competent person under the terms of JORC 2012, conducted three site visits during 2017, reviewed and verified historical information, and reviewed the sampling program as part of the on-site review. | |
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