ValOre Phase 2 Soils Program at Galante East Defines High-Priority Trenching Targets, Pedra Branca

ValOre Metals Corp. ("ValOre"; TSX ‐ V: VO; OTC: KVLQF; Frankfurt: KEQ0, "the Company") today announced Phase 2 soil assay results from the Galante East target ("Galante") at ValOre's 100%-owned Pedra Branca Platinum Group Elements ("PGE", "2PGE+Au") Project ("Pedra Branca") in northeastern Brazil. The excavation of 8 follow-up trenches has commenced to further advance this undrilled 3-kilometre-long trend.

"Phase 2 geochemical results from Galante East suggest the presence of undrilled, shallow, PGE-mineralized intrusions," stated ValOre's VP of Exploration, Colin Smith. "Follow-up trenching has commenced with the planned excavation of 8 trenches totaling approximately 700 m in length, with the intent of rapidly advancing Galante East to drill-ready stage."

Galante Target Exploration Program Highlights:

  • Infill soils program confirms the cumulative 3-kilometre-long ("km") palladium-platinum soil anomaly and delineates priority zones of consistent strong PGE mineralization at surface;
  • Three significant anomalies have been defined for priority follow-up trenching, including the northern zone with consistent high-grade PGE mineralization along 600 m of geological trend, and 50 to 100 metres ("m") width, including:
    • Soil PGE grades averaging 200-300 ppb palladium + platinum + gold ("2PGE+Au"), with individual soil samples exceeding 800 ppb 2PGE+Au;
    • The main zones are associated with compelling Trado ® auger and rock assay results previously reported (92 Trado ® auger holes, 255 m augered), including:
      • 5.0 m grading 1.48 g/t 2PGE+Au from surface
      • 2.0 m grading 2.95 g/t 2PGE+Au from surface
      • 3.8 m grading 1.18 g/t 2PGE+Au from surface.

Galante East 2022 Exploration Program

The Galante East target is 3-km-long prospective geological corridor located 7 km south-southwest of Santo Amaro (153,000 oz 2PGE+Au grading 1.11 g/t in 4.3 Mt), and 10 km north-northeast of Curiu (150,000 oz 2PGE+Au grading 2.20 g/t in 2.1 Mt). Historical work at Galante East includes localized soil and rock sampling, geological mapping, and ground magnetics. A strong PGE deposit signature is evident throughout the compiled data.

Previously reported regional geological mapping and prospecting, soil sampling and Trado ® auger programs, corroborated and refined the historically mapped target ultramafic ("UM") intrusions and associated PGE mineralization, and supported the completion of an infill soil sampling program, with two additional soil lines infilling the 200-m-spaced lines from the regional survey ( CLICK HERE for news release dated May 2, 2022).

Soil assays here reported further delineate palladium-platinum anomalies of approximately 3 km in cumulative length and identified 3 high-priority anomalies within the undrilled 3-km-long trend for immediate follow-up trenching. See Figure 1 below for a plan map of Galante East.

The "Northern Zone" soil anomaly extends over 1.8 km in length, with continuous palladium and platinum mineralization returned in soils and Trado ® auger holes. A strong 600-m-long PGE response is hosted within this trend, and represents the broadest and longest high-tenor anomaly at Galante East. See Figure 2 below for a detailed plan map of the Northern Zone at Galante East.

Follow-up trenching has commenced, with excavation of 8 trenches totaling approximately 700 m in length.

Figure 1: Plan map of Galante East, highlighting the high-priority mineralized zones, previously reported Trado ® auger assays, and follow-up trenches.
https://www.globenewswire.com/NewsRoom/AttachmentNg/95ebc7cd-80c5-4e8f-98a6-d3e945a9722f

Figure 2: Photographs of the Galante East area, showing paved Highway 226 and existing electrical powerlines, which both crosscut the target.
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3092708-b1f4-4e0b-b2d8-ff12361656b4

About the Trado ® Auger and Trenching methodology

CLICK HERE for more information regarding Trado ® Auger and Trenching methodology

Quality Control/Quality Assurance ("QA/QC") and Grade Interval Reporting

CLICK HERE for a summary of ValOre's policies and procedures related to QA/QC and grade interval reporting.

Qualified Person (QP)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre's QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX    V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre's team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 52 exploration licenses covering a total area of 56,852 hectares (140,484 acres) in northeastern Brazil. At Pedra Branca, 7 distinct PGE+Au deposit areas host, in aggregate, a 2022 NI 43-101 inferred resource of 2.198 Moz 2PGE+Au contained in 63.6 Mt grading 1.08 g/t 2PGE+Au ( CLICK HERE for news release dated March 24, 2022). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre's Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.

ValOre's team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors,

"Jim Paterson"

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com .

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: https://www.discoverygroup.ca/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking statements" within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.


News Provided by GlobeNewswire via QuoteMedia

VO:TCM
The Conversation (0)
ValOre Metals Corp. Invites You to Join Us at the Red Cloud Fall Mining Showcase 2022

ValOre Metals Corp. Invites You to Join Us at the Red Cloud Fall Mining Showcase 2022

Valore Metals Corp. (TSXV: VO) is pleased to announce that the company will be presenting at Red Cloud's 2022 Fall Mining Showcase. We invite our shareholders and all interested parties to join us there.

The annual conference will be hosted in-person, at the Sheraton Centre Toronto Hotel from November 9-10, 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Mr. Brady Rak Joins Skyharbour as Vice President of Business Development

Mr. Brady Rak Joins Skyharbour as Vice President of Business Development

Skyharbour Resources Ltd . (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the "Company" or "Skyharbour") is pleased to announce the appointment of Brady Rak, an investment and capital markets professional, as the Company's VP of Business Development.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Skyharbour's Partner North Shore Uranium Granted Exploration Permit at Falcon Uranium Project

Skyharbour's Partner North Shore Uranium Granted Exploration Permit at Falcon Uranium Project

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ("Skyharbour" or the "Company"), is pleased to announce that its partner company, North Shore Uranium ("North Shore"), has received a Crown Land Work Authorization permit from the Saskatchewan Ministry of environment (the " Permit "). The Permit covers the Company's 55,700-hectare Falcon property (" Falcon ") at the eastern margin of the Athabasca Basin in northern Saskatchewan. North Shore may acquire an initial 80% interest in Falcon by issuing common shares having an aggregate value of CAD $1,225,000, making aggregate cash payments of $525,000 to Skyharbour, and incurring an aggregate of $3,550,000 in exploration expenditures on the property over a three-year period.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Forum Drilling Update, Aberdeen Uranium Project, Nunavut

Forum Drilling Update, Aberdeen Uranium Project, Nunavut

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce its 2024 drilling program at the 100% owned Aberdeen Uranium Project has concluded after thirty diamond drill holes were completed between late June and late September for a total of 6,962 metres. The program covered 5 of the more than 20 identified gravity targets on the 95,000-hectare property including the two existing discoveries at Tatiggaq and Qavvik. The Aberdeen Project is located adjacent to Orano's Kiggavik deposit which hosts 133 million pounds of uranium grading at 0.54% U3O8*. Assays are currently being processed at the SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan with results expected mid to late October due to a backlog at the facility. Further to its news release dated August 20, 2024, Forum continues to intersect uranium mineralization and intense alteration within favourable structural and lithological corridors for unconformity-style uranium deposits in an emerging uranium district comparable to the prolific Athabasca Basin (Figure 1).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CSE Bulletin: Name Change - Tisdale Clean Energy Corp.

CSE Bulletin: Name Change - Tisdale Clean Energy Corp.

Tisdale Clean Energy Corp. has announced a name change to Terra Clean Energy Corp.

Shares will begin trading under the new name and with a new CUSIP number on October 3, 2024.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nuclear Fuels Extends Spur Zone Mineralization Over 1,000 Feet and Reports Best Intercept to Date from the Saddle Zone at the Kaycee Uranium Project

Nuclear Fuels Extends Spur Zone Mineralization Over 1,000 Feet and Reports Best Intercept to Date from the Saddle Zone at the Kaycee Uranium Project

CSE:NF 
OTCQX:NFUNF

Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ("Nuclear Fuels" or the "Company") announced today the results from the on-going drilling program at the priority Kaycee In-Situ Recovery ("ISR") Uranium Project in Wyoming's Powder River Basin. Drilling results from the Spur Zone have extended uranium mineralization over 1,000 feet. Two miles to the southeast, drilling at the Saddle Zone returned results of up to 0.233% eU 3 O 8 (uranium) over 7.0 feet with a Grade Thickness ("GT") of 1.631. In the Powder River Basin ("PRB") of Wyoming potentially ISR-recoverable uranium mineralization with a GT of greater than 0.25 is considered suitable for inclusion in a potential wellfield.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Baselode Defines the Significance of Massive Clay Alteration System Identified on Hook Uranium Project

Baselode Defines the Significance of Massive Clay Alteration System Identified on Hook Uranium Project

  • Five drill holes outlined an open massive hydrothermal clay alteration system measuring at least 200 m x 100 m, resembling alteration found in Athabasca high-grade uranium deposits
  • Radioactivity within the clay alteration system increases with depth and remains open
  • Drill hole HK24-010 intersected 13.4 metres of continuous radioactivity within a 200 m wide alteration system
  • New defined target areas are within 6 km of near-surface ACKIO uranium prospect

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide results and findings from the exploration and discovery portion of the drill program on Hook project ("Hook") in the Athabasca Basin area of northern Saskatchewan.

"These results represent an important discovery on our Hook project. While we've already made a discovery at Hook with ACKIO, this is only a small part of the broader Hook land package. The potential on the property is substantial as Hook is an extensive project, and our discovery at ACKIO, combined with our neighbour Atha Energy's discovery in their Gemini Mineralized Zone, highlights that the region has all the geological features needed to host significant uranium deposits. More importantly, we can clearly demonstrate that this area is fertile with uranium mineralization. Large-scale alteration systems are key indicators when it comes to uranium, which tends to occur in smaller deposits relative to other minerals. We're pleased to have uncovered such a large system, exhibiting all the hallmark features needed for a new high-grade Athabasca uranium discovery," commented James Sykes, CEO, President, and Director of Baselode.

Watch this video for a detailed analysis of the two follow-up target areas and a comparison of Hook alteration systems to seven Athabasca high-grade uranium deposits that have combined over 700 million pounds of uranium.

The first alteration system the Company highlights is in the HK24-016 area, measuring more than 250 metres wide by 400 metres deep, with a core of massive clay and bleached alteration styles that measure 100 metres wide by at least 200 metres deep. These core alteration styles are important as they are the same style associated with at least three basement-hosted Athabasca high-grade uranium deposits.

The second alteration system identified in the HK24-010 area is significant due to its similarly large scale, intersecting 13 meters of continuous anomalous radioactivity within pegmatite along the margin of the fluid pathway. While assays are pending, the Company is well-funded and eager to proceed with follow-up drill plans for these high-priority exploration targets.

Hook Exploration Drill Hole Highlights

HK24-016 area

Drill holes HK24-016, HK24-017, and HK24-021 to HK24-023 were collared 5.5 kilometres southwest of ACKIO (Figure 2, Figure 3). HK24-016 intersected 140 metres of massive hydrothermal clay and bleaching alteration (the "clay alteration") within a broader 370 m thick alteration corridor (Figure 4). The drill hole intersected anomalous radioactivity associated with fracture-controlled remobilized hematite alteration within the clay alteration (Figure 5).

Both HK24-017 and HK24-021 targeted the clay alteration up-dip and down-dip, with each intersecting 30 and 145 metres of clay alteration, respectively. HK24-022 was collared 100 metres southeast of HK24-016 and intersected 60 metres of clay alteration, and HK24-023 was collared 50 metres northeast and intersected 110 metres of clay alteration. Initial observations suggests follow-up drilling is required beneath HK24-021 and to the north of HK24-023.

The clay alteration encountered within these Hook drill holes (Figure 6) share numerous similarities to massive hydrothermal clay alteration systems observed in Athabasca basement-hosted, high-grade uranium systems, such as Cameco's Millennium and Eagle Point deposits, Uranium Energy Corp's Roughrider deposits, and Denison Mines' Gryphon deposit.

The upper outer halo of the clay alteration is further identified with unique limonite liesegang banding and fracture-controlled alteration, including a distinct quartz stockwork. These are also similar outer halo alteration styles that have been observed within large-scale Athabasca uranium deposits.

HK24-010 area

Drill holes HK24-009 and HK24-010 were collared 6 kilometres northeast of ACKIO (see Figure 2, Figure 7). Details of these drill holes were initially released on July 17, 2024. HK24-010 has returned the best radioactive intersection outside of Baselode's near-surface ACKIO uranium prospect with 13.2 metres of continuous anomalous radioactivity starting at 186 metres beneath the surface hosted within a pegmatite along the western margin of a 200 m-wide, structurally-controlled, hematite and bleached alteration system. The area remains open in all directions.

Drill hole samples have been sent to Saskatchewan Research Council for uranium and multi-element analysis. Results will be released after being received and reviewed by the Company.

NOTES:

  1. cps* = "counts-per-second", as measured with a handheld RS-125 Gamma-Ray Spectrometer/Scintillometer ("RS-125"). The reader is cautioned that Baselode uses scintillometer readings as a preliminary indication for the presence of radioactive materials (uranium, thorium and/or potassium), and that scintillometer results may not be used directly to quantify or qualify uranium concentrations of the rock samples measured.
  2. The Company defines groupings of RS-125 as i) background radioactivity (50 to 200 cps), ii) above-background radioactivity (200 to 300 cps), and iii) anomalous radioactivity (300 to 1,000 cps).
  3. "Radioactivity (>300 cps)" in Table 1 is defined as drill core length with no greater than 2.0 m of consecutive drill hole length measuring less than 300 cps.
  4. All reported drill hole depths and lengths do not represent true thicknesses.

About Baselode Energy Corp.

Baselode controls 100% of approximately 238,930 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

The Company discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.

Baselode's Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling.

QP Statement

The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

For further information, please contact:

James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
306-221-8717
www.baselode.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedarplus.ca.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_001.jpg

FIGURE 1 - Baselode projects location map. ACKIO uranium prospect identified with yellow circle.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_002.jpg

FIGURE 2 - Drill holes (HK24-009 to HK24-023) location map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_002full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_005.jpg

FIGURE 3 - HK24-016 target area drill holes (HK24-016, HK24-017, and HK24-021 to HK24-023) location map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_006.jpg

FIGURE 4 - Cross-section interpretation of large hydrothermal fluid system with core massive clay and bleaching alteration (blue)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_006full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_007.jpg

FIGURE 5 - Fracture-controlled, hydrothermal remobilized anomalous radioactivity, HK24-016

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_007full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_008.jpg

FIGURE 6 - Massive clay and bleaching alteration system, HK24-021. NOTE: clay has been gouged with carbon scribe to demonstrate drill core softness

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_008full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_020.jpg

FIGURE 7 - HK24-010 target area drill holes (HK24-009 and HK24-010) location map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_020full.jpg

MOVIE 1 - Clay alteration and bleaching identified within drill hole HK24-021

Keep reading...Show less

Latest Press Releases

Related News

×