ValOre Metals Corp. (TSXV: VO) has received positive Trado auger sample assay results from the Nambi target at ValOre’s 100%-owned Pedra Branca Platinum Group Elements Project in north-eastern Brazil.
The Nambi target is located one kilometre north of and along trend from the Trapia PGE deposit (NI 43-101 inferred resource 885,000 oz 2PGE+Au grading 0.96 g/t in 28.8 Mt) and 1 km south of the Massapê PGE deposit (NI 43-101 inferred resource129,000 oz 2PGE+Au grading 1.21 g/t in 3.3 Mt).
“We are very encouraged by the assay results received for Trado auger samples collected at the Nambi target, with 12 holes returning PGE mineralisation from surface to a depth of 11 m,” ValOre’s VP of Exploration, Colin Smith, said.
“Follow up exploration at Nambi has begun, with the excavation of four trenches along the 1.2-kilometre-long PGE-mineralised trend. Sampling and geological mapping highlights include 5 m of chromitite-rich UMs exposed in the central trench, TR22NB02.”
Nambi Trado Auger Assay Highlights:
- 10 m grading 0.46 grams per tonne palladium + platinum + gold (g/t 2PGE+Au) from surface;
- 11 m grading 0.40 g/t 2PGE+Au from surface;
- 3 m grading 0.92 g/t 2PGE+Au from surface;
- 1.5 m grading 1.83 g/t 2PGE+Au from surface;
- 1.5 m grading 1.43 g/t 2PGE+Au from surface.
Nambi 2022 Exploration Programme
The Nambi target area, situated just a few kilometres from the 2022 NI 43-101 inferred resource areas of Trapia and Massapê, is characterised by historical geophysical (magnetic high) and geochemical anomalies (PGE-in-soils and rock samples >7 g/t 2PGE+Au).
ValOre conducted detailed geological mapping and prospecting along the anomalous trend and subsequently followed up with 75 Trado auger holes totaling 178 m. At-surface, ultramafic (UM) or UM-derived rocks were intercepted in 30 of 75 Trado holes, with significant PGE mineralisation reported in 12 of the 30 UM-bearing Trado holes, defining a PGE-mineralised trend of 1.2 km.
Trado auger assay highlights include some of the thickest UM intervals augered by the Tradoat Pedra Branca to date, including holes AD22NB63 and AD22NB64, which returned 10 m grading 0.46 g/t 2PGE+Au and 11 m grading 0.40 g/t 2PGE+Au respectively, and elevated PGE assay intercepts in the central portion of the target, including holes AD22NB12, which returned 1.5 m grading 1.83 g/t 2PGE+Au and AD22NB26, with 3 m grading 0.92 g/t 2PGE+Au.
End-of-hole depths typically represent the onset of impenetrable unweathered bedrock, indicating that mineralisation and UMs remain fully open at depth and require follow-up core or Reverse Circulation (RC) drilling.
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