Valor Secures Additional Concessions in Highly Prospective Gold - Copper- Silver Region in Peru

Valor Resources Limited (“Valor” or the “Company”) is pleased to announce that it has applied for additional tenure in an area located approximately 30km northeast of the Picha Project. The eight new concessions cover an area of approximately 6,000 hectares or 60km2 . The new project, to be titled Charaque Project, lies along a regional northwest-southeast geological trend which encompasses several deposits, including the Arasi and Jessica Gold mines (owned by Aruntani), the El Cofre polymetallic mine (owned by CIEMSA), Barrick’s Austral-Challhuani gold project and other prospects and historical mine workings.

• New tenure applied for comprising around 6,000 hectares or 60km2 – Charaque Project
  • Located along a regional northwest-southeast geological trend hosting several deposits and prospects
  • Historical workings over an area 1km long, believed to have been mined some 500+ years ago
  • Located 30km to the northeast of the Picha Project

Valor Executive Chairman Mr George Bauk comments, “Given the strength of the results coming from our exploration program to date at Picha, we have expanded our land holding within 30km of our existing project. It lies within a regional geological trend hosting a number of existing deposits and an area that has exploration underway. Secondly, the concessions we have applied for have historical mining on them which dates back over 500 years” (see Figure 4 below).

“This project compliments our Picha Project and provides the Company with an outstanding portfolio of projects in this highly prospective area. In the past few weeks, we have seen mining approvals for the San Gabriel Project (owned by Buenaventura) which is located within 10km south west of our Picha project.

Click here for the full ASX Release

This article includes content from Valor Resources Limited , 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.