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Valor Resources Limited (Valor or the Company) (ASX: VAL) is pleased to advise that it has further expanded its 100%-owned Surprise Creek Uranium and Copper Project in northern Saskatchewan, Canada after acquiring two new claims covering an area of around 20km2 adjoining its existing ground- holding.
HIGHLIGHTS
- Two new mineral claims covering an area of approximately 20km2 acquired north of the Surprise Creek Uranium Project, including another historical copper showing.
- Two claims have been acquired that are contiguous to existing claims.
- The new claims add to the significant copper and uranium potential of the Surprise Creek Project, with historical surface sampling results of up to 1.2% Cu at the Tazin Lake showing.
Figure 1: Surprise Creek Uranium and Copper Project – new land-holdings and mineral occurrences.
The two new claims cover historical copper occurrences and favourable geology for Beaverlodge-style uranium mineralisation. Despite their prospectivity, there has been minimal exploration undertaken on this area since the 1980s.
The showings have strong geological similarities with the copper-only mineralisation located by Valor on its existing Surprise Creek claims, as outlined in the ASX announcement dated 11 August 2022 titled “Uranium and copper mineralisation identified at Surprise Creek”, as well as the historical copper occurrences of Bob Lake, Ellis Bay and Waterloo, as recently reported in the Company’s ASX announcement dated 13th February titled “Exciting new copper targets identified at Surprise Creek”.
A detailed review of the historical exploration data from the acquired claims is currently underway. This process will include a compilation, review and interpretation of all publicly available geological and geophysical datasets to prioritise areas for follow-up exploration.
Valor Executive Chairman George Bauk commented: “The new claims we have acquired to the west of Uranium City and contiguous with our existing Surprise Creek Uranium Project cover an area that has lacked any significant exploration activity over the past 40 years. The Beaverlodge area played a significant role in the commencement of uranium production in Canada, particularly the Athabasca Basin. With major discoveries having been made on the eastern side of the Basin in more recent times, this area has been left behind.
“Our team is now working through the historical data, which includes significant copper results. This recent acquisition further expands our land-holding around the Surprise Creek Project area, which has had minimal exploration to date, especially over the past 40 years, despite the presence of widespread historical copper and uranium occurrences. We have already identified a significant uranium drill target at Surprise Creek Fault and, with some of the geophysical surveys that we are planning to undertake in 2023, we hope to identify further uranium and copper drill targets.”
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