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Valor Resources Ltd.
Summary
| Project: | Berenguela | |
|---|---|---|
| Deposit: | Berenguela | |
| Location: | Peru | |
| Commodities: | Silver-Copper-Manganese-Zinc | |
| Date: | 11/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-11-2017: Valor Resources Ltd. announces an Exploration/Drilling Update report for its Berenguela deposit at the Berenguela project. Drilling results incl. 53m @ 0.89% Cu, 70.49g/t Ag, 6.85% Mn, 0.42% Zn from 0m. Valor Resources Limited (“VAL” or the “Co | |
| Resources: | ||
| 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 more high grade intercepts, demonstrating more high quality copper and silver mineralisation from drilling at the flagship Berenguela Copper-Silver Project in Southern Peru. Valor Chairman, Mark Sumner said: “The results from Valor’s 2017 drill program have been nothing short of spectacular. We have added a tremendous amount of value in a relatively short amount of time. The results have allowed us to significantly increase total JORC Resources from 21.6 million tonnes to 25.53 million tonnes, while increasing average copper grades from 0.87% to over 1% with a high quality silver credit with grades over 112 g/t. We are not aware of another copper project in the world with a silver credit of comparable quality.” “The future is very bright for Valor at Berengulea, as we are in the process of preparing a further upgrade of the JORC Resource estimate, which we believe will increase the geological confidence in the deposit even further. The drill program has also delineated numerous high grade drill targets which we expect will expand Berenguela resources further with more high-grade results. The stage is now set for Valor to take Berenguela to the next level, as we look to transition Valor into a best in class copper-silver development company. | |
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