Intersects Near-Surface PGE Mineralisation At Pedra Branca In Brazil
ValOre Metals Corp.(TSXV:VO) has received positive results from eight Trapia 2 core drill holes at ValOre’s 100%-owned Pedra Branca Platinum Group Element (PGE) Project in northeastern Brazil.
The target ultramafic (UM) Trapia 2 intrusion was intercepted in all eight core holes drilled, establishing geological continuity well beyond the currently defined resource area.
Chairman and CEO, Jim Paterson, said near surface mineralisation was intersected along strike to the northeast and southwest of this existing resource, and mineralisation remains open in all directions.
“Today’s results, demonstrating near-surface mineralization at Trapia 2, build on the recent drilling success at Trapia 1 and should expand the known resource at Trapia, currently at 219,000 ounces grading 1.10 g/t 2PGE+Au in 6.2 Mt,” Mr Paterson said.
“The extension of mineralised intersections to both the Trapia 1 and Trapia 2 deposits suggest the potential of a much larger ultramafic system, warranting additional resource expansion drilling in 2021.”
Trapia is one of five currently defined PGE deposit areas at Pedra Branca that together host an inferred resource totalling 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes (Mt) grading 1.22 g/t 2PGE+Au.
PGE mineralisation for all five of the resource deposit areas outcrops at surface, making these inferred resources prospective for open pit mining.
The Trapia resource comprises three separate UM intrusive clusters within a two km radius: Trapia 1, Trapia 2 and Trapia West. Specifically, Trapia 2 represents 62,000 ounces of the aggregate Trapia inferred resource of 219,000 ounces at 1.10 g/t 2PGE+Au (6.2 Mt).
Geological field mapping preceding the 2020 drill programme demonstrated a fully continuous ultramafic intrusion at surface, which extended well beyond the defined Trapia 2 resource.
The target areas correlate with prospective 3D magnetic inversion bodies, much like the mag feature successfully drilled at Trapia 1 in 2020. This presented an excellent opportunity for resource expansion drilling at Trapia 2.
