The Conversation (0)
Valor Resources Limited (Valor or the Company) (ASX: VAL) is pleased to advise that its field exploration activities are continuing to gain momentum and deliver exciting results, further enhancing the prospectivity of its Picha and Charaque Projects in Southern Peru for large-scale copper-silver-gold discoveries.
HIGHLIGHTS
- New targets discovered at the Cuti and Fundición South prospects, within the Picha Project in Peru, following the latest phase of surface sampling.
- Exciting new target at Cuti highlighted by outcropping volcanic breccia with channel sample results of 6m @ 0.66% Cu and 4.66 g/t Ag.
- Soil sampling at Picha highlights a significant new gold anomaly at the Cuti Target.
- New target confirmed south of Fundición with channel samples of up to 2m @ 3.31% Pb, 38.9g/t Ag and 0.32 % Cu and 0.2m @ 7.09% Pb,18.36% Zn and 13.9g/t Ag.
- Further rock chip and channel sampling has confirmed Ichucollo as a priority drill target, with channel sample results of 24m @ 1.08 % Cu and 3.9g/t Ag and 13.1m @ 1.38 % Cu and 10.22g/t Ag including 6m @ 2.40% Cu and 20.21g/t Ag.
- Sampling at the Maricate, Cumbre Coya and Fundición prospects has further enhanced the prospectivity of these targets with channel samples of:
- Maricate: 2.0m @ 1.18% Cu and 13.9g/t Ag; 6m @ 1.55% Cu and 13.8g/t Ag; 4.0m @ 2.15% Cu and 84.5g/t Ag; 2.0m @ 3.39% Cu and 56g/t Ag; 2.0m @ 1.27% Cu and 57g/t Ag;
- Cumbre Coya: 2m @ 1.15% Cu and 11.6g/t Ag; 2m @ 1.51% Cu and 20.4g/t Ag; and
- Fundición: 2m @ 0.91% Cu and 9.67g/t Ag.
- Reconnaissance exploration at the Charaque Project has confirmed the potential of this area, with anomalous assay results returned from two target areas – Arco and Huallatani.
- On-ground exploration continues at both projects with the immediate focus at Charaque as the Company looks to improve its geological understanding of the area and define new targets.
Rock chip sampling of volcanic breccia at the Cuti Target
The Company has received highly encouraging assay results from rock chip, channel and soil samples taken from both projects during ongoing on-ground exploration activities.
A total of 168 channel and selective rock chip samples and 322 soil samples have been collected at the Picha Project in the second half of 2022, following on from the Company’s ASX announcement regarding surface sampling at Picha dated 18 July 2022 titled “Extensive copper assays highlight Ichucollo as new significant drill target”. Details of all sampling at the Picha Project are provided in Appendix 1 and 2 below.
Further sampling has also been undertaken at the Charaque Project with an additional 32 channel and selective rock chip samples taken in the second half of 2022. The sampling has been carried out in conjunction with reconnaissance geological mapping. Details of all sampling are provided in Appendix 3 below.
Valor Executive Chairman, George Bauk, said: “The latest assay results provide further evidence of the enormous untested potential of the Picha Project, with a number of exciting new targets and now a significant gold-in-soil anomaly defined. Approvals for our maiden drilling program at Picha continue to advance with the current expectation that approvals will be received in Q1 2023.
“Ongoing work at the Charaque Project has highlighted several targets which we will continue to systematically explore in 2023, moving towards a drilling program. The Charaque Project area is surrounded by a number of major international mining groups including Barrick (NYSE:GOLD), Teck (NYSE:TECK) and Fresnillo (LSE: FRES), all of whom have significant land-holdings in the area”.
PICHA PROJECT
Further exploration work has been completed at the Picha Project in the second half of 2022. A total of
136 rock chip and channel samples have been collected at the Ichucollo, Maricate, Fundición, Huancune and Cumbre Coya targets as well as the new targets of Cuti and Fundición South.
In addition, a total of 322 soil samples were collected at the Ichucollo, Maricate and Cuti targets. Details of the results from each prospect/target are provided below. All samples not described as Channel in the tables below have a high potential for bias and should not be considered as being representative of the overall mineralised structure or zone.
The latest results have further advanced the existing targets of Ichucollo, Maricate, Cumbre Coya and Fundición and have also indicated new targets at Cuti, which is located north-east of other targets and Fundición South in the south of the project area.
Soil sampling was completed at the Ichucollo, Maricate and Cuti targets on 200m x 200m centres. The ‘B’ horizon was sampled by digging a 0.5m deep pit. The excavated material was sieved through a - 600µm mesh to obtain a sample fraction.
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
