FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Valor’s potential goes deep in Peru

3 December 2021
ASX: VAL
Jack Baker

Valor Resources has further bolstered an impressive inventory of targets adding unique copper mineralisation at depth to its shopping list of detailed exploration planned for the Picha project in Peru.   

The survey, lying in the world’s second-largest copper-producing nation, supported what the explorer expected from the surface mineralisation but added much intrigue towards the potential for deeper drilling.  

One of the few construction metals not overtly exposed to China’s decelerating property market, the commodity is essential in producing renewable technologies. 

The company said the results they have received over the past five months demonstrate widespread mineralisation over the 20 square kilometre project and are only a sliver of what was anticipated.  

“The team will continue to undertake ground-based work to firm up drill targets for the project, results to date are outstanding, and we will continue to advance the project in 2022,” executive chairman George Bauk said.  

“What better place to explore for copper than Peru?”  

Only 18 per cent of the 57-line kilometre ground-based IP survey is complete and is expected to be completed by January in the new year.  

Results from a further 93 surface samples are pending following completion of the sampling program. 

VAL’s Australian Stock Exchange-listed price was trading at 1.5c (7:10 am UTC+8) 

COMPANY OVERVIEW

Valor Resources Limited (ASX:VAL) is an exploration company focused on creating shareholder value through acquisitions and exploration activities. The Company is focused on two key projects as outlined below in Peru and Canada. Valor’s 100% owned Peruvian subsidiary, Kiwanda SAC holds the rights to the Picha and Corona Projects located in the Moquegua Department of Peru, 17km ENE of the Chucapaca (San Gabriel – Buenaventura) gold deposit. They are two copper-silver exploration projects comprising ten granted mining concessions for a total of 6,031 hectares.

COMPANY INFORMATION

ASX: VAL

Website

https://www.valorresources.com.au/
https://www2.asx.com.au/markets/company/val

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!