Unsurprisingly, Valor Resources continues to confirm Suprise Creek’s uranium and copper potential, with rock chip results showing grades as high as 6.13 per cent triuranium octoxide and 61.7 per cent copper near Canada’s Beaverlodge uranium district.
Exceptional and multiple samples over one per cent uranium and very high-grade copper brings several previously unrecorded occurences to the region, leading the explorer to expand and peg an additional claim to the north.
When these results are combined with historic drilling that returned intersections including 2.1m @ 4.37% U3O8 from 57m, the company believes surface results could well be related to mineralisation at depth.
“These exciting results further validate the huge opportunity at our Surprise Creek Project, demonstrating its potential to host significant uranium and copper mineralisation,” executive chairman George Bauk said.
“Importantly, this historic drilling was from 1968 and this area has seen no modern exploration for uranium for over 40 years and for copper for over 20 years.
“We are also planning airborne geophysical surveys in 2023 to help define drilling targets, as we increase the pace of exploration activity ahead of what we believe could be a defining period for Valor next year at Surprise Creek.”
Follow-up fieldwork is underway, with teams on the ground performing geological mapping and surface sampling.
VAL’s Australian Stock Exchange-listed share price has risen 14.29 per cent today, currently selling at 0.8c (10:42 am UTC+ 8 hours).