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Valor Resources Limited (Valor or the Company) (ASX: VAL) is pleased to advise that a detailed historical exploration data review of three recently staked mineral claims at the Surprise Creek Uranium Project, located near the Beaverlodge Uranium District in northern Saskatchewan, Canada, (see Figure 2) has identified strong prospectivity for copper mineralisation.
HIGHLIGHTS
- Historical exploration data review completed for three recently staked mineral claims immediately west of the Surprise Creek Uranium Project
- The new mineral claims cover an area of 44km2 and include three significant historical copper showings – Ellis Bay, Bob Lake and Waterloo
- Bob Lake – historical drilling results reported of up to 9m @ 2.07% Cu and 27.3g/t Ag from surface and 2.5m @ 5.58% Cu and 17.43g/t Ag from 6.1m
- Ellis Bay (Zone 25) – historical drilling results reported of up to 6.6m @ 1.31% Cu from 11m and 4m @ 0.60% Cu from 8m.
- Waterloo – historical channel sampling of trenches with results reported up to 1.39% Cu over 4.5m and 2.41% Cu over 3m
- Postulated that the copper occurrences are unconformity-related and/or sediment-hosted stratiform copper
- Field work to commence in mid-2023 with geological mapping and rock chip sampling to validate the historical copper occurrences and improve geological understanding.
Figure 1: Surprise Creek Project – landholdings and mineral occurrences
The new mineral claims were acquired in November 2022 (see ASX Announcement 22 November 2022 titled “Valor increases landholding at Surprise Creek”) and cover an area of nearly 44km2 to the west of the Surprise Creek Project.
The data review has highlighted three significant copper occurrences, in particular the Ellis Bay and Bob Lake Prospects. Trenching, channel sampling and drilling was undertaken on these two prospects in the 1950s-70s, with minimal modern exploration completed since that time.
Drilling results of up to 9m @ 2.07% Cu and 27.3g/t Ag from surface and 2.5m @ 5.58% Cu and 17.43g/t Ag from 6.1m were reported at Bob Lake and 6.6m @ 1.31% Cu from 11m at Ellis Bay. Due to the historical nature of some of this data, some aspects of the sampling, assaying and drilling cannot be verified at this time and therefore caution must be applied, and some data has been excluded where the results are not considered accurate. The Company intends to verify the copper occurrences during the 2023 field season by completing geological mapping and geochemical sampling over these targets.
Valor Executive Chairman, George Bauk, commented: “The recently staked claims at the Surprise Creek Project cover an area that has lacked any significant exploration activity over the past 40 years. The copper results generated in the 1950s-1970s have never been followed-up using modern exploration techniques, providing an exceptional opportunity for new discoveries”.
Limited historical drilling from the Bob Lake and Ellis Bay prospects returned significant copper results. These results, together with the copper mineralisation that we have previously reported from the Surprise Creek Project during the 2022 field program and other regional copper occurrences, suggests potential for a significant mineralising system over a widespread area. This presents as a high-quality regional copper exploration opportunity, which has largely been overlooked for the last 40 years”.
Figure 2: Surprise Creek Project location with historical drilling results (Historical uranium production figure sourced from Chi et al, 20202).
Click here for the full ASX Release
This article includes content from Valor Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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.
- Rio Puerco Option: Binding term sheet signed for a transaction that would see North Shore Uranium acquire up to an 87.5 percent of the Rio Puerco uranium project in New Mexico, where there is a historical resource estimate of 6 million tonnes grading 0.09 percent eU₃O₈ for 11.4 million lbs of U₃O₈.1
- 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.*
Click here to connect with North Shore Uranium (TSXV:NSU) to receive an Investor Presentation