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Valor hit major copper target ahead of Peruvian campaign

1 March 2022
ASX: VAL
Jack Baker

Valor Resources will drill into a large porphyry copper target as part of a 5000-metre drilling campaign about to get underway at the Picha copper-silver exploration project in the lucrative mountains of Peru.

Aided by a recent 3,000-hectare exploration concession, the timely discovery of the two-kilometre long anomaly, which is also that length at its widest point, it will additionally test the deeper porphyry find.

The company said it was upbeat on its chances of success with the target supported by surface mineralisation recorded during last year’s revealing 400 sample program.

“The results of the 2021 exploration program completed by our Peruvian team have been exceptional,” executive chairman George Bauk said.

“A highly professional exploration program has been conducted, which is a credit to the team in Peru and Australia.

“We are chomping at the bit to keep pressing forward.”

While preparing for drilling, the fully-funded explorer will continue advancing its highly prized uranium interests within Canada’s Athabasca basin.

VAL’s Australian Stock Exchange-listed price has risen by 10 per cent today, trading at 1.1c (12:10 pm UTC+8 hours)

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

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