ValOre Metals Corp.(TSXV: VO) has commenced a 4,500 m diamond drill programme at its 100% owned 59,483-hectare Angilak Property Uranium Project, located in Nunavut Territory, Canada.
“2022 RC drilling at the Dipole and J4 West targets intersected high-grade, near-surface, basement-hosted uranium, and immediate follow-up is warranted in the core drilling programme,” ValOre’s VP of Exploration, Colin Smith, said.
“Two diamond drill rigs are at Dipole, with the first rig already drilling, and the second to commence within the week. Down-dip and along-strike core holes will test extensions to highly radioactive RC intercepts, including 65,535 CPS at ~30 m vertical depth (Dipole) and 22,146 CPS at ~36 m vertical depth (J4 West)”.
Angilak 2022 Diamond Drill Program Highlights:
- 4,500 m core drilling program to be conducted with 2 diamond drill rigs;
- Dipole target – 3,000 m planned in 16 holes;
- J4 West target – 1,500 m planned in 14 holes;
- Program goal is to incorporate drill results into future resource estimates.
The 2022 Reverse Circulation (RC) drill programme intersected near-surface radioactivity in 22 of 27 holes, with vertical depths of radioactive zones ranging from seven to 110 metres, at the Dipole, Yat, and J4 West targets. Initial assay results from the completed RC drill programme are expected in the first half of August, 2022.
The 59,483-hectare Angilak Property is situated in the mining- and exploration-friendly Nunavut Territory, Canada, and has district-scale potential for uranium, precious and base metals. Since acquisition, ValOre has invested over CAD$55 million on resource delineation and exploration drilling (89,572 metres in 589 drill holes), metallurgy, geophysics, geochemistry, and logistics across the large land package. This work supported the development of the significant Lac 50 Trend NI 43-101 inferred uranium resource estimate (Lac 50).
The Lac 50 NI 43-101 Technical Report defined an inferred resource estimate which represents Canada’s highest-grade uranium resource outside of Saskatchewan, and one of highest-grade uranium resources on a global basis. Highlights include:
- 43.3 Mlbs U3O8 in 2,831,000 tonnes grading 0.69% U3O8.
- Supported by 351 resource delineation drill holes totalling 62,023 m;
- Metallurgical results for Lac 50 demonstrate high uranium recoveries and rapid leach kinetics.
- Lac 50 Trend is a 15 km by three km area with excellent potential for resource growth and new discoveries;
- Uranium mineralisation starts at surface and has been drilled to 380 m vertical depth.
For further information please visit: https://valoremetals.com/