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Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese-Zinc | |
| Date: | 8/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 31-8-2017: Valor Resources Ltd. announces an Exploration/Drilling Update report for its Berenguela deposit at the Berenguela project. Drilling results incl. 54m @ 1.48% Cu, 202.66g/t Ag, 14.47% Mn, 0.27% Zn from 37m. Valor Resources Limited (“VAL” or the | |
| 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 second assay results from the drilling program at the Berenguela Copper-Silver Project in Southern Peru. Valor Chairman, Mark Sumner said: “The intercepts from this drill program continue to confirm that the Berenguela Project is a high-quality copper-silver asset, with potentially valuable manganese and zinc credits. We are intercepting grades that are unprecedented for this deposit, which only increases our enthusiasm for Berenguela. “Hitting numerous intervals over 1,000 g/t Ag confirms that our geology is exceptional, but hitting grades so high that we’ve exceeded the limits of SGS’ testing has surpassed our expectations. We will seek to determine the maximum silver grades and report on these results as soon as possible. In the meantime, we will continue to drive the project forward with ongoing drilling which is expected to unlock further value for shareholders. Berenguela is shaping up to be an outstanding multi-commodity asset.” The Berenguela Project is an advanced stage copper-silver project located in the Puno District of Peru. On 10 March 2017 in an announcement titled “Mineral Resource Confirmation – Additional Information for ASX LR 5.8.1”, Valor informed the market that Berenguela has confirmed Mineral Resources, according to the JORC (2012) Code of: Indicated: 15.6 million tonnes at 132 g/t Ag and 0.92% Cu Inferred: 6 million tonnes at 111 g/t Ag and 0.74% Cu The current resource base covers an area of approximately 140 hectares, which accounts for only 2% of the total 6,594 hectares of exploration concessions in Valor’s total land package. Valor believes this drilling program will continue to confirm and upgrade the existing resource, while paving the way to further resource expansion drilling in the future. | |
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