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Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese-Zinc | |
| Date: | 1/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-1-2018: Valor Resources Ltd. announces a Resource Estimation report for its Berenguela deposit at the Berenguela project. 80% increase in JORC resources at Berenguela. Valor Resources Limited (“VAL” or the “Company”, ASX: VAL) Is pleased to report a sub | |
| 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: | 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”). The revised Resource Estimate is a result of the highly successful drilling program conducted at Berenguela during 2017. The Company has previously announced that it intends to conduct further drilling during 2018. Commenting on the revised Resource Estimate for Berenguela, Valor Chairman, Mark Sumner stated: “Today we are announcing a further substantial increase in the size of the Berenguela Project, including a massive increase in contained metals, while maintaining an excellent overall copper equivalent grade of 1.27%. These high grades, paired with the shallow nature of the Berenguela orebody, make this asset highly competitive when compared to world class copper mines in Southern Peru, such as Antapaccay (Glencore) which reports M+I Resources of 0.47% Cu.” “We have now added over 357 million pounds of contained copper to the Resource. This represents an 86% increase in total contained copper since Valor acquired the Berenguela Project in May 2017. We believe that the upcoming drilling program will again add to this impressive start.” “We are also very pleased with the increase in total silver resources, as contained silver resources now total over 127 million ounces, this represents an increase of contained silver of nearly 45% since May 2017, making Berenguela a very compelling, stand alone, silver asset.” | |
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