“While commonly used throughout
Trado® Auger Exploration Highlights
- 235 auger holes totaling 818.3 metres (“m”) have tested 9 property-wide targets to date, intercepting 430.5 m of target ultramafic (“UM”) rocks under cover, with 863 samples submitted for assay;
- Trado® end of hole (“EOH”) depths typically represent that the auger has entered impenetrable unweathered to less weathered bedrock, so it is typical that mineralization and UMs remain fully open at depth and require follow-up core or Reverse Circulation (“RC”) drilling;
- Auger assay highlights include:
- 16 m grading 1.22 g/t 2PGE+Au from surface (new result from Trapia South target)
- 12 m grading 1.73 g/t 2PGE+Au from surface (led to drilling discovery at Esbarro NW target)
- 9.0 m grading 2.09 g/t 2PGE+Au from surface (led to drilling discovery at Esbarro NW target)
- 10 m grading 1.64 g/t 2PGE+Au from surface (led to drilling discovery at Santo Amaro South target;
- A second Trado® auger has been purchased to be deployed in early February.
Trado® Auger Exploration at Pedra Branca
The Trado® auger has become a cornerstone exploration tool at Pedra Branca, serving to rapidly advance the district-wide target pipeline, and leading to multiple successful drill campaigns in 2021. Systematic Trado® auger fences on 40-60 m hole spacings effectively demarcate target UM intrusions hidden under cover and test the presence of near-surface mineralization with subsequent assaying. Metre-by-metre geochemical samples of soil, regolith and weathered bedrock are collected down-hole, logged, and submitted for PGE and multi-element analyses. Consequently, the benefits of Trado® are both real-time, with the geological mapping of bedrock under cover, and long-term, with the collection and analysis of a comprehensive geochemical assessment of the entire overburden profile, and in some cases into weathered bedrock. Furthermore, the Trado® auger EOH depths represent the onset of impenetrable bedrock, so mineralization and UMs remain fully open at depth, to be followed up by core or RC drilling.
ValOre has completed 235 auger holes since
Proof of Concept with Follow-Up Drilling
Seven of the 9 targets Trado®-tested to date were followed up with core and/or RC drilling in 2021, and all seven produced significant PGE intercepts. CLICK HERE to view news releases from 2021 and CLICK HERE to view news releases from 2022. The validity of the auger as an effective pre-RC or -core drilling tool was further proven by the reproducibility of PGE-in-Trado® grades in drill core or RC chips. As an example, Trado® hole AD21SAS12 from the Santo Amaro South target returned 10 m grading 1.64 g/t 2PGE+Au from surface. This result was followed up by RC drilling, which produced the discovery hole of 32 m grading 1.65 g/t 2PGE+Au from surface in drill hole RC21SAS03. CLICK HERE for news release dated
Table 1: Summary of Trado® Auger Drilling to Date (
Target | Total Holes (#) | Total Drilled (m) | UMs Drilled (m) | Samples Assayed (#) |
Santo Amaro South | 46 | 173.6 | 76.7 | 177 |
27 | 69.1 | 40.6 | 77 | |
Esbarro NW | 19 | 64.7 | 47.9 | 69 |
23 | 69.1 | 35.9 | 76 | |
Trapia 2 | 5 | 9.1 | 5.0 | 10 |
Massapê | 36 | 169.0 | 115.4 | 178 |
Pitombeiras | 22 | 60.5 | 7.7 | 64 |
Trapia South | 24 | 107.8 | 56.8 | 112 |
Ipueiras | 33 | 95.4 | 44.5 | 100 |
Total | 235 | 818.3 | 430.5 | 863 |
Table 2: Assay Table of Trado® Auger Holes >2 Gram*Meter to Date (
Target | Auger Hole | From (m) | To (m) | Length (m) | 2PGE+Au (g/t) | 2PGE+Au Interval Summary | Gram x Metre |
Trapia South | AD21TS08 | 0 | 16 | 16 | 1.22 | 16 m grading 1.22 g/t 2PGE+Au from surface | 19.5 |
Trapia South | AD21TS09 | 0 | 8 | 8 | 0.57 | 8 m grading 0.57 g/t 2PGE+Au from surface | 4.6 |
Trapia South | AD21TS10 | 0 | 6.8 | 6.75 | 0.66 | 6.75 m grading 0.66 g/t 2PGE+Au from surface | 4.5 |
Trapia South | AD21TS07 | 4 | 13 | 9 | 0.48 | 9 m grading 0.48 g/t 2PGE+Au from 4 m | 4.3 |
Trapia South | AD21TS05 | 0 | 7 | 7 | 0.39 | 7 m grading 0.39 g/t 2PGE+Au from surface | 2.7 |
Santo Amaro South | AD21SAS12 | 0 | 10 | 10 | 1.64 | 10 m grading 1.64 g/t 2PGE+Au from surface | 16.4 |
Santo Amaro South | AD21SAS39 | 1 | 10 | 9 | 0.7 | 9 m grading 0.70 g/t 2PGE+Au from 1 m | 6.3 |
Santo Amaro South | AD21SAS08 | 0 | 4 | 4 | 1.1 | 4 m grading 1.10 g/t 2PGE+Au from surface | 4.4 |
Santo Amaro South | AD21SAS29 | 0 | 3 | 3 | 0.66 | 3 m grading 0.66 g/t 2PGE+Au from surface | 2.0 |
AD21SA14 | 0 | 2.5 | 2.5 | 3.45 | 2.5 m grading 3.45 g/t 2PGE+Au from surface | 8.6 | |
AD21SA15 | 0 | 2.6 | 2.55 | 1.5 | 2.55 m grading 1.50 g/t 2PGE+Au from surface | 3.8 | |
AD21SA17 | 0 | 3 | 3 | 1.25 | 3 m grading 1.25 g/t 2PGE+Au from surface | 3.8 | |
Massapê | AD21MS14 | 0 | 11 | 11 | 0.34 | 11 m grading 0.34 g/t 2PGE+Au from surface | 3.7 |
Massapê | AD21MS24 | 0 | 13 | 13 | 0.25 | 13 m grading 0.25 g/t 2PGE+Au from surface | 3.3 |
Massapê | AD21MS19 | 0 | 3.5 | 3.5 | 0.87 | 3.5 m grading 0.87 g/t 2PGE+Au from surface | 3.1 |
Massapê | AD21MS17 | 0 | 8 | 8 | 0.36 | 8 m grading 0.36 g/t 2PGE+Au from surface | 2.9 |
Massapê | AD21MS20 | 0 | 4 | 4 | 0.59 | 4 m grading 0.59 g/t 2PGE+Au from surface | 2.4 |
Massapê | AD21MS15 | 0 | 12 | 12 | 0.19 | 12 m grading 0.19 g/t 2PGE+Au from surface | 2.3 |
Esbarro NW | AD21ES03 | 0 | 12 | 12 | 1.73 | 12 m grading 1.73 g/t 2PGE+Au from surface | 20.8 |
Esbarro NW | AD21ES08 | 0 | 9 | 9 | 2.09 | 9 m grading 2.09 g/t 2PGE+Au from surface | 18.8 |
Esbarro NW | AD21ES04A | 0 | 4 | 4 | 1.12 | 4 m grading 1.12 g/t 2PGE+Au from surface | 4.5 |
Esbarro NW | AD21ES02 | 0 | 5 | 5 | 0.63 | 5 m grading 0.63 g/t 2PGE+Au from surface | 3.2 |
Esbarro NW | AD21ES17 | 0 | 4 | 4 | 0.68 | 4 m grading 0.68 g/t 2PGE+Au from surface | 2.7 |
To view Figure 1: Cross Section A-A’, Santo Amaro South Target, please visit the following link: https://www.globenewswire.com/NewsRoom/AttachmentNg/685ca994-41bb-43db-b162-9f77420bf11b
About the Trado® Auger
The Trado® auger is a portable soil drilling device developed and manufactured in
CLICK HERE for more information regarding Trado®.
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
About
In
Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory,
ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner
On behalf of the Board of Directors,
“Jim Paterson”
For further information about
Neither the
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.
Figure 1: Cross Section A-A’, Santo Amaro South Target
Figure 1: Cross Section A-A’, Santo Amaro South Target
2022 GlobeNewswire, Inc., source