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Valor Resources Limited (Valor or the Company) (ASX: VAL) is pleased to advise that it has taken another key step towards commencing its maiden drilling program at the Picha Copper Project in Peru following receipt of approval for its Declaración de Impacto Ambiental (DIA) (an Environmental Impact Statement for Exploration) from the Peruvian Ministry of Energy and Mines (MEM).
HIGHLIGHTS
- Ministry issues the DIA – “Declaracion de Impacto Ambiental” (an Environmental Impact Statement for Exploration) for the Picha Copper Project in Peru, allowing for up to 120 holes to be drilled within the approved Effective Area, as illustrated in Figure 1 below.
- Agreements with local landowners are already in place for 100% of the DIA Effective Area for a period of five years, allowing the Company to access and drill the Effective Area within the Project.
- Valor’s maiden proposed drilling program, comprising 5,000m of diamond drilling, has been planned to initially test four key targets – Cobremani, Cumbre Coya, Maricate and Fundicion.
- Final drill program planning, including logistics and drilling contractor selection, set to commence shortly.
Figure 1 – DIA approved area.
The DIA includes social stakeholder mapping as well as flora and fauna, anthropological and hydrological studies. All social agreements are already in place for a minimum of five years for 100% of the DIA approved Effective Area.
With DIA approval received, Valor will now apply for an “Autorización de Inicio de Actividades de Exploración” (Authorization to begin drilling), which is subject to a standard preliminary review by MEM on the possible presence of Indigenous communities within the exploration area.
A maiden diamond drilling program of around 5,000m is proposed to test four targets within the Effective Area – Cobremani, Cumbre Coya, Maricate and Fundicion. A short-list of drilling contractors has been determined and logistics planning is about to commence.
Valor Executive Chairman, George Bauk, said: “This is another exciting milestone for Valor in Peru with approval for the DIA marking another great achievement by our in-country team, reflecting the quality of the work that has been put in on the ground over the past 18 months. With social agreements already in place over the Effective Area, we can move ahead directly with an application for Authorization to Commence Drilling over 120 planned holes at the Central Picha Project.
“As mapped out in recent announcements, Valor has developed an incredible pipeline of large-scale, high- impact porphyry and epithermal targets across the Picha Project tenements. We can’t wait now to secure our final drilling permits, which will allow us to get on the ground and move ahead with our planned maiden 5,000m drill program. With up to 120 holes approved, the start of this program will signal the beginning of a transformational period for all of our key stakeholders.”
PICHA PROJECT
The Picha Project (100% owned by Valor) is a copper-silver exploration project, located in the Moquegua and Puno Departments of southern Peru. Picha is located approximately 17km ENE of Buenaventura’s (NYSE: BVN) San Gabriel Au-Cu-Ag Project, which hosts a reported Indicated and Inferred resource of 7.6 million ounces Au equivalent (132.7Mt @ 1.8 g/t AuEq).
Exploration work completed by the Company in 2021 comprising geochemical sampling, geological mapping and IP/Resistivity surveys has identified several exciting targets in the central part of the Project area. The Cobremani, Maricate, Cumbre Coya and Fundicion targets were identified as the highest priority targets.
The Company applied to the MEM for approval to drill within a portion of the Project area (the Effective Area) to test these priority targets.
The submission allows for up to 120 drillholes comprising 40 drilling platforms with up to three holes per platform. A maiden drilling program of around 5,000m is proposed, details of which are currently being finalised.
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VAL:AU
North Shore Uranium: Unlocking Value Across Two World-class Uranium Districts in North America
North Shore Uranium (TSXV:NSU) is a uranium exploration company focused on North America, advancing a dual-track strategy aimed at high-impact discoveries in two of the world’s most prolific uranium regions: the eastern Athabasca Basin in Saskatchewan, Canada, and the Grants Uranium District in New Mexico, USA. With a lean capital structure, fully permitted drill targets in Saskatchewan, and strong insider ownership, the company is well-positioned to create value through cost-effective exploration and resource definition in a rising uranium price environment.
The Rio Puerco project, located in New Mexico’s Grants District—a historically productive uranium belt responsible for over 340 million pounds of past U₃O₈ production—offers strong potential. Drawing on data from approximately 800 historical drill holes, a JORC-compliant inferred resource estimate of 11.4 million pounds U₃O₈ was completed in 2009. Early assessments suggest potential for in-situ recovery (ISR) mining, one of the lowest-cost extraction methods in the industry.
North-Shore-Uranium-Athabasca-Basin-ProjectsAt the Falcon project in the Athabasca Basin, North Shore’s maiden 2024 drill program confirmed near-surface uranium mineralization in previously untested zones, underscoring the project’s discovery potential. The company has outlined a 7-kilometre conductive corridor with high-priority drill targets in the South Priority Area and is planning prospecting and follow-up drill programs.
Company Highlights
- Dual Jurisdiction Exposure: Active exploration in Athabasca Basin and the Grants Uranium District, two of the most historically significant uranium-producing regions in North America.
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- Falcon Discovery in 2024: Maiden drill program confirmed near-surface uranium mineralization at two targets on the Falcon property in the Athabasca Basin in a previously undrilled area within 30 km of the active Key Lake uranium mill.
- Path to Resource Definition: Upon completion of the transaction, North Shore plans to validate historical data, attempt to expand the resource and evaluate the ISR potential at Rio Puerco and concurrently work to expand the discovery footprint at Falcon.
- Lean Structure, Strong Insider Support: $2.2 million market cap (as of July 2025), 40.3 million shares outstanding, with 43.3 percent held by insiders and founding investors.
- High-caliber Team: Led by award-winning geologist Brooke Clements and supported by proven uranium dealmakers and technical experts.
This North Shore Uranium profile is part of a paid investor education campaign.*
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