High-Grade PGE Surface Sampling In Brazil
ValOre Metals Corp. (TSX‐V:VO) has identified a number of upcoming drill targets through assay results for 562 soil and 56 rock samples collected from the Santo Amaro target area at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (PGE) Project in north-eastern Brazil.
“The Santo Amaro region has moved up our exploration priority list as impressive PGE results were generated through rock and soil sampling, geological mapping, and 2020 diamond core drilling,” Chairman and CEO, Jim Paterson, said.
“ValOre’s team continues to unlock more value at Santo Amaro with targeted Trado auger drilling and trenching programmes prior to the return of the drill rigs this season.”
Geochemical enrichment of PGEs in soils from the sampling programme has defined multiple new undrilled areas of north-south trending PGE anomalies extending to the east (~250 m) and west (~370 m) of the current Santo Amaronresource area.
These anomalies remain open from the northern and southern limits of sampling and are coincident with prospective near-surface 3D magnetic inversion targets.
Additionally, potential continuity exists between the southernmost soil anomaly at Santo Amaro and the largely unexplored Santo Amaro South target, situated 1.5 km to the south. This suggests the presence of a contiguous ≥2.5 km long ultramafic (UM) belt which may be associated with the Santo Amaro resource that has only been drill tested over 600 m of this total prospective geological trend.
High-grade PGE assays were returned for selected rock grab samples collected from prospective zones outside of the existing resource area, including a 19.1 g/t 2PGE+Au rock sample 190 m northwest of the resource, and a 10.2 g/t 2PGE+Au sample 290 m northwest of resource. A 7.51 g/t 2PGE+Au sample was also collected near the collar location of 2020 drill hole DD20SA24.
Three additional rock samples situated 400 to 450 northwest of the resource returned 2PGE+Au grades of 2.12 g/t, 2.10 g/t and 1.45 g/t, and an additional sample located 800 m north of the resource returned a grade of 1.16 g/t 2PGE+Au. To the southeast of the resource, a 1.78 g/t 2PGE+Au sample was returned from a newly discovered tremolite (+chromitite) schist outcrop (360 m to the southeast of the easternmost historical resource drill hole).
Santo Amaro is one of five defined PGE deposits at Pedra Branca that together host an inferred resource totalling 1,067,000 ounces of 2PGE+Au contained in 27.2 million tonnes (Mt) grading 1.22 g/t 2PGE+Au.