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ValOre Reports Results from Successful 87 Hole Trado® Auger Drilling Campaign at Pedra Branca, Including 10.0 m at 12.95 g/t 2PGE+Au from Surface
Globenewswire·2025-07-02 11:00

Core Viewpoint - ValOre Metals Corp. is advancing its Pedra Branca Platinum Group Elements (PGE) Project in Brazil, focusing on high-quality gold exploration and development opportunities while achieving significant exploration results from recent drilling activities [1][2][4]. Exploration Highlights - The recent Trado auger drilling program at the Esbarro deposit involved 87 holes, with over 560 meters of PGE-bearing rock intercepted, confirming high-grade mineralization [5][6]. - Notable assay results include a standout from hole AD25ES99, which reported 10.0 meters grading 12.95 g/t 2PGE+Au, including 4.0 meters at 29.57 g/t 2PGE+Au [2][11]. - A total of 74 out of 87 holes returned PGE mineralization, with 28 holes exceeding 10 gram-metres in grade-thickness values [5][6]. Regulatory Advancements - Brazil's National Mining Agency (ANM) has approved the Final Exploration Reports for key mineral claims within the Pedra Branca Project, allowing the claims to enter the Mining Concession application phase [12][13]. - This regulatory milestone enhances the project's development readiness and enables intensified technical de-risking and project development work [13]. Metallurgical and Engineering Developments - Ongoing metallurgical testwork is being conducted in collaboration with the University of Cape Town, focusing on optimizing PGE recoveries from various rock domains, with preliminary results expected by the end of July [6][12]. - Preliminary water supply studies are set to begin in the second half of 2025 as part of preparations for a future Preliminary Economic Assessment (PEA) [6]. Resource Potential - The Pedra Branca project hosts a total inferred resource of approximately 2.2 million ounces (Moz) of 2PGE+Au, with significant exploration and resource expansion potential identified [21][12].