ValOre Announces Additional Platinum Group Assay Results from Pedra Branca Drilling: 57.35 m grading 1.00 g/t 2PGE+Au at Trapia 1 target

VANCOUVER, British Columbia, July 07, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Firm”) at this time introduced further Platinum Group Ingredient (“PGE”, “2PGE+Au”) assay outcomes from the continuing 8,000-metre (“m”) drill program at ValOre’s 100%-owned Pedra Branca PGE Challenge (“Pedra Branca”) in northeastern Brazil.

“ValOre’s core drilling at Trapia 1 in 2020 and 2021 has been an amazing success, with 90% of holes drilled (18 of 20) returning constant PGE grade and continuity of mineralization exterior of the beforehand outlined space internet hosting the 2019 NI 43-101 inferred useful resource,” said ValOre’s VP of Exploration, Colin Smith. “Given the compelling assay outcomes acquired so far, we’ll return each core rigs to Trapia 1 following the completion of six holes at Trapia 2, for extra useful resource growth drilling.”

PGE assay highlights for the extra core holes drilled on the Trapia 1 goal:

• Drill gap DD21TU25*
  • 57.35 m grading 1.00 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from 238.15 m

                        incl. 19.53 m grading 2.18 g/t 2PGE+Au from 270.00 m

                        and 12.50 m grading 0.69 g/t 2PGE+Au, 0.21% Cu, 0.40% Ni from 283.00 m;

• Drill gap DD21TU27*
  • 23.30 m grading 1.01 g/t 2PGE+Au from 185.00 m;
• Drill gap DD21TU26*
  • 15.38 m grading 0.61 g/t 2PGE+Au from 140.62 m;
• Each rigs will return to Trapia 1 for precedence follow-up drilling following the completion of six deliberate core holes on the Trapia 2 goal, ~2 kilometres (“km”) northwest of Trapia 1, the place the goal ultramafic (“UM”) intrusion has been intercepted in 4 of 5 core drill holes so far, with the ultimate gap in progress;
• Upon completion of Trapia 1 drilling each core rigs will transfer to the Santo Amaro goal (~35 km to the northeast), commencing a deliberate 2000 m of drilling in twelve holes.

*Reported assay interval lengths are core lengths and estimated to be 90-100% true width

Extra 2021 Trapia 1 Drilling Outcomes

ValOre has acquired assay outcomes for 4 further core holes drilled in the course of the first part of 2021 drilling at Trapia 1. A complete of 1,885 m in eight core holes have been drilled, with the goal host UM intercepted in six of the eight holes. Assays for the primary three holes have been launched on June 30, 2020 (CLICK HERE), and included 71.90 m grading 1.29 g/t 2PGE+Au, and 59.20 m grading 1.09 g/t 2PGE+Au in holes DD21TU21 and DD21TU22, respectively.

The PGE mineralized UM sequence was intercepted in three of the 4 holes reported herein, and mineralization stays open at depth and alongside strike. Ultramafic lithologies are dominated by alternating chromitite-bearing peridotites, dunites, with native serpentinites and schists, with decimetre to metre-scale chromitite reef horizons that are typical of high-grade PGEs (>10 g/t 2PGE+Au).

CLICK HERE for extra data relating to the 2021 exploration program at Pedra Branca, CLICK HERE for a regional map of 2021 drill targets (Determine 1), CLICK HERE for a plan map of Trapia 1 drilling (Determine 2), and see Desk 1 under for a abstract of great core assay outcomes reported herein.

Drill gap DD21TU25

Core drill gap DD21TU25 stepped out 100 m southeast from 2020 drill gap DD20TU13, which graded 61.85 m at 0.81 g/t 2PGE+Au from 217.15, together with 2.45 m at 9.42 g/t 2PGE+Au from 221.20 m. The principle UM sequence was intercepted from 238.30 to 297.65 m (59.53 m in thickness). Chromitite-bearing peridotites, dunites and native serpentinites dominated the goal UM bundle, with localized decimetric chromitite reefs. The basal portion of the intrusion hosted localized wealthy sulphide mineralization, together with pyrrhotite, chalcopyrite, and pyrite.

This gap returned an assay spotlight of 57.35 m grading 1.00 g/t 2PGE+Au from 238.15 m, together with 12.00 m grading 3.07 g/t 2PGE+Au from 270.00 m and 12.50 m grading 0.69 g/t 2PGE+Au, 0.21% Cu, 0.40% Ni from 283.00 m. CLICK HERE for a cross part of DD21TU25 (Determine 3).

Drill gap DD21TU27

Drill gap DD21TU27 was a vertical gap from the identical location as DD21TU25, to additional take a look at the extension of PGE mineralization at depth and validate an interpreted shallowing of the general geological bundle to the east of 2020 drilling. The goal UM intrusion was intercepted from 183.50 to 208.30 m gap depth (24.80 m in thickness), dominated by chromitite-bearing peridotites, dunites and native serpentinites dominated the sequence, with localized chromitite-rich intervals. Drill gap DD21TU27 corroborated the interpretation of a shallowing mineralized bundle to the east, with the higher fundamental UM contact occurring ~27 m up-section from drill gap DD21TU25.

The opening returned an assay spotlight of 23.30 m grading 1.01 g/t 2PGE+Au from 185.00 m, together with 5.95 m grading 1.79 g/t 2PGE+Au from 193.05 m and a pair of.00 m grading 2.92 g/t 2PGE+Au from 195.15 m. CLICK HERE for a cross part of DD21TU27 (Determine 3).

Drill gap DD21TU26

Drill gap DD21TU26 stepped out 80 m to the northeast from 2021 drill gap DD20TU21, which graded 71.90 m grading 1.29 g/t 2PGE+Au from 134.95 m, together with 1.55 m grading 10.82 g/t 2PGE+Au from 167.75 m. The goal UM was intercepted for 21.50 m from 141.50 to 163.00 m depth, characterised by serpentinized pyroxenites, chromitite-bearing peridotites, dunites and native serpentinites.

The opening returned an assay spotlight of 15.38 m grading 0.61 g/t 2PGE+Au from 140.62 m (~120 vertical depth). CLICK HERE for a cross part of DD21TU26 (Determine 4).

Drill gap DD21TU28

Drill gap DD21TU28 stepped out 160 m west of 2020 drilling south of the Trapia 1 useful resource space, to the identical location as historic drill gap DD07TU07, which intersected 49.33 m of barren UM rocks from 18.10 m depth. It was interpreted that these non-mineralized UMs represented the up-section (barren) “Marker Unit”, and that the principle PGE-bearing host intrusion remained current at depth (CLICK HERE for information launch dated December 1, 2020, explaining the Marker Unit UM).

The opening transected 45.92 m of barren Marker Unit UMs (amphibole schists and pyroxenites) from 17.28 m gap depth and entered a typical footwall gneiss on the inferred goal depth.

Desk 1: Abstract of Extra Important Core Assay Outcomes from 2021 Drilling at Trapia 1

*Reported assay interval lengths are core lengths and estimated to be 90-100% true width

High quality Management/High quality Assurance (“QA/QC”) and Grade Interval Reporting

CLICK HERE for a abstract of ValOre’s insurance policies and procedures associated to QA/QC and grade interval reporting.

Certified Individual (QP)

The technical data on this information launch has been ready in accordance with Canadian regulatory necessities set out in NI 43-101 and reviewed and authorised by Colin Smith, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian firm with a portfolio of excessive‐high quality exploration tasks. ValOre’s staff goals to deploy capital and data on tasks which profit from substantial prior funding by earlier house owners, existence of high-value mineralization on a big scale, and the potential of including tangible worth by means of exploration, course of enchancment, and innovation.

In Could 2019, ValOre introduced the acquisition of the Pedra Branca Platinum Group Components (PGE) property, in Brazil, to bolster its present Angilak uranium, Genesis/Hatchet uranium and Baffin gold tasks in Canada.

The Pedra Branca PGE Challenge contains 39 exploration licenses masking a complete space of 39,987 hectares (98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in mixture, a present Inferred Useful resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 information launch). All of the at present recognized Pedra Branca inferred PGE sources are probably open pittable.

Complete exploration packages have demonstrated the “District Scale” potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Pattern having a present Inferred Useful resource of two,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million kilos U₃O₈. For disclosure associated to the inferred useful resource for the Lac 50 Pattern uranium deposits, please CLICK HERE for ValOre’s information launch dated March 1, 2013.

ValOre’s staff has cast robust relationships with subtle useful resource sector traders and companion Nunavut Tunngavik Inc. (NTI) on each the Angilak and Baffin Gold Properties. ValOre was the primary firm to signal a complete settlement to probe for uranium on Inuit Owned Lands in Nunavut Territory and is dedicated to constructing shareholder worth whereas adhering to excessive ranges of environmental and security requirements and proactive local people engagement.

On behalf of the Board of Administrators,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For additional details about, ValOre Metals Corp. or this information launch, please go to our web site at valoremetals.com or contact Investor Relations at 604.653.9464, or by electronic mail at contact@valoremetals.com.

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