Valor Resources Limited (ASX: VAL, OTC: VOYRF) is a mineral exploration company that focuses on developing a portfolio of assets in two countries, Peru and Canada. The company has a diversified portfolio with seven projects that involve uranium, and one project with copper and silver.
The Picha Project is a Copper-Silver exploration project, located in the Moquegua Department of southern Peru. Picha is a 3,000 hectare exploration concession, which lies approximately 17km south of Buenaventura’s San Gabriel Gold Porphyry Project. This project reports indicated and inferred resources of approximately 12.5 million tonnes of gold with average grades of 6.5 g/t Au (circa. 2.5 million ounces). Picha’s exploration history includes 2 field sampling exercises and geophysical surveys. The geophysical program comprised 158.22 line kilometres of Magnetic surveys and 65.5 line kilometres of induced polarization surveys, targeting disseminated and semi-massive copper sulphide mineralization.
Cluff Lake Project
Seven high-priority targets have been identified for uranium at the Cluff Lake project. These targets were found based on historical data and a geophysical interpretation. The surface geochemical anomalies go up to 0.15% U3O8. An airborne gravity gradiometry (AGG) survey was completed in order to find more targets. The project is located 7km east of Orano’s Cluff Lake Mine which produced 62.5 Mlbs @ 0.92% U3O8. There is potential for both Athabasca basement-hosted and unconformity-style uranium deposits at this location. Permitting is well advanced so that ground exploration activity can start in June including mapping and sampling, to design a drilling program.
Valor Resources Ltd
22 Lindsay Street
Phone: +61 8 9200 3467
Email: [email protected]
Valor Resources Stock Performance & Market Cap
Stock Symbols – ASX: VAL, OTC: VOYRF
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