Valor Resources Executive Chair George Bauk: Advancing Copper and Uranium Projects in Canada and Peru

Valor Resources (ASX:VAL) is currently exploring uranium and copper resources in Peru and Canada. Executive Chair George Bauk said the company’s real focus is to discover, and it has sufficient funding for that.

“Our real primary focus is to discover. Over the last 24 months, we have been successful in raising capital. We went through the Canadian flow-through scheme and were able to raise $5 million, which has enabled us to really advance the projects in Canada,” said Bauk.

In 2022, Valor commenced its maiden diamond drilling program at the Hook Lake uranium project, which is located in a world-class uranium region, the Athabasca Basin in Saskatchewan, Canada. The Hook Lake program consists of 2,500 metres targeted primarily at the S-Zone, but also including holes at the V-Grid target.

Bauk added, “We've got results coming through from airborne gravity surveys that were undertaken around Hook Lake and Cliff Lake. We put some outstanding surface samples from Surprise Creek into the labs a couple of weeks ago. The Surprise Creek project has got both uranium and copper as potential there. It's a fantastic opportunity.”

Valor completed an extensive data review and targeting process at the Surprise Creek project to the northwest of the Athabasca Basin. Historical drilling on the Surprise Creek fault target highlighted 2.1 metres at 4.37 percent U3O8 from 57 metres (VT20), including 0.9 metres at 7.5 percent U3O8.

“We see that the end of this year and early next year will be big for us in the Athabasca Basin. We will advance those exploration targets and start drilling. We hope to discover a great deposit. In Peru, we're going through the approval process to get our drilling permits. We'll be drilling some amazing targets that we've identified over the last 12 months," Bauk continued.

“We've got two outstanding projects. People would like to be seeing a company more focused on uranium or copper. I'd say to them that you get two for the price of one. You're seeing a company that's got two great opportunities.”

Watch the full interview of Valor Resources Executive Chair George Bauk above.

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