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Articles by Valor Resources
Thunderbird swoops on hot Canadian uranium basin
Thunderbird Resources has assembled a surprising array of interesting-looking uranium and lithium targets in some of the hottest mineral territories in the world, including Canada’s Athabasca uranium basin. The Athabasca basin is remarkable for its average uranium grades of about 2 per cent and its massive-scale deposits – and Thunderbird appears to have picked the eyes out of it.
Valor to launch high-tech survey in Canadian uranium hunt
Valor Resources is set to kick off its hunt for uranium in Canada’s world-renowned Athabasca Basin using an airborne electromagnetic survey – a proven technique in identifying nearby deposits of the silvery-grey metal. Results from the survey at the Cluff Lake project are expected in the second half of this year and will guide a drilling program planned to begin in the September quarter.
You beauty: Valor adds Jesaulenko to lithium portfolio
Valor Resources has ticked off a second item from its targeted triad of lithium targets in Canada’s booming Thunder Bay area in Ontario after completing its acquisition of the Jesaulenko project. Valor’s 100 per cent acquisition of Jesaulenko comes just days after it also grabbed the nearby Frazer Lake lithium project and an 80 per cent share of the Hook Lake uranium play in Saskatchewan.
Valor gets bigger hook into Canadian uranium project
Valor Resources has secured an 80 per cent share of the highly-prospective Hook Lake uranium project in Canada, just two days after acquiring the 83sq-km Frazer Lake lithium play across the country in Ontario. Hook Lake is in the Athabasca Basin in northern Saskatchewan – a region that has become widely known as being the world’s leading producer of high-grade uranium.
Valor lines up lithium ducks on Canadian lakes
Valor Resources has secured the rights to acquire the 83-square-kilometre Frazer Lake lithium project in Canada’s Ontario province where pegmatite sampling has yielded 44m at 0.54 per cent lithium oxide. The company today revealed it had signed a definitive purchase option agreement to pick up Frazer Lake, which lies in the Thunder Bay region that has several significant lithium projects under development.
Valor stacks Canadian portfolio for New Year mission
While some companies slow down at the end of each year, Valor Resources spent December building its lithium and uranium portfolio and also added a cool $1 million to its coffers through a successful placement. The first move it made in the last month of 2023 was entering into an exclusive option agreement to pick up three lithium projects in the Canadian province of Ontario.
Valor finalises Peruvian sale to fund uranium hunt
Valor Resources has entered into a binding agreement with ASX-listed Firetail Resources to offload an 80 per cent interest in its Peruvian copper assets for an upfront cash payment of $750,000 and a package of 15 million shares and 20 million performance rights in the junior explorer. Interestingly, the share placement will earn Valor more than 20 per cent ownership of Firetail and will also give its executive chairman George Bauk a seat at Firetail’s boardroom table.
Valor inks earn-in agreement at Peruvian copper-gold project
ASX-listed Valor Resources has signed an earn-in agreement with global copper and gold producer Barrick Gold Corporation at its Charaque project in Peru. Under the deal, Barrick has a five-year option to acquire 70 per cent of the operation for a cash payment of US$800,000 (AU$1.2 million) and exploration expenditure of US$3 million (AU$4.5 million), including a guaranteed spend of US$500,000 (AU$745,000) in the initial two years.
Valor says Canadian rare earths play worth wait
Valor Resources has staked three new mineral claims covering 6.41 square kilometres in Canada’s world-class Athabasca Basin, two of which cover the historical Beatty River heavy rare earths project. Management says previous explorers tabled assays of up to 8.75 per cent total rare earths oxide (TREO) with up to 1.15 per cent dysprosium. Notably, the elements making up heavy rare earths are consistently comprised of more than 90 per cent of TREO.
Valor tightens grip on Canadian uranium asset
ASX-listed Valor Resources has completed its second anniversary payment as part of a farm-in agreement in western Canada, where it is aiming to take an 80 per cent stake in the Hook Lake uranium project. Valor’s expenditure has reached C$3.5 million (AU$3.9 million) over a three-year period as required by its deal with Skyharbour Resources and will now issue its partner 30 million shares and make a C$50,000 (AU$55,000) cash payment to complete its second earn-in milestone.
Valor gets green light to drill four Peruvian porphyry copper targets
Valor Resources has been given Peruvian Government approval to drill up to 120 drill holes across multiple targets at its Picha copper project. The company received a five-year drilling approval following an environmental impact assessment submission for exploration and having reached agreement with local landholders.
Valor picks up more ground in the hunt for uranium
ASX-listed Valor Resources has expanded its ground in the uranium rich Saskatchewan area in Canada. The two new tenements add some 20 square kilometres to the company’s existing Surprise Creek tenure, one of which comes a historical showing of 1.2 per cent copper. Preliminary data suggests the new plots have a similar geology to other mineralisation across the Surprise Creek project.
Valor racks up more Peruvian poly-metallic targets
Valor Resources has racked up an enviable list of high-priority polymetallic prospects at its Picha and Charaque projects in Peru. The company has been toiling away in the rich Peruvian mountains proving up a clutch of new targets as it prepares to wheel the drill rig in for a maiden diamond drilling program across its prospective acreage. Geologists at work at Valor Resources’ Picha project in Peru collecting rock chip samples in the hunt of copper and silver. Credit: File.
Valor defines new Canadian copper targets
ASX-listed Valor Resources has finalised a review of historical exploration results on its three recently staked mineral claims immediately west of its Canadian Surprise Creek uranium project and has delineated three new significant copper targets. The company says the area has had surprisingly minimal modern exploration in the last 40 years. The company’s new mineral claims cover an area of 44 square kilometres and were acquired in November 2022.
Valor vectors in on four targets in Canadian uranium hunt
Perth-based explorer of critical minerals Valor Resources has narrowed its priority drill targets at the company’s Cluff Lake uranium project in Canada’s world-class Athabasca Basin down from seven to four, following a comprehensive review of all available data. The data includes an interpretation of new airborne gravity gradiometry and magnetic data, re-processing of historical airborne electromagnetic, or “EM” data and initial field work.
Rock chips boost scale of Valor uranium target
Valor Resources has scooped up a suite of high-grade uranium rock chips that have extended the surface mineralisation of a key drill target to a strike length of around 500m at its Surprise Creek project in Canada. The program yielded six samples grading over 1 per cent uranium oxide with anomalous copper and was headlined by a specimen running 7.98 per cent uranium oxide. Other notable results include 6.83 per cent and 3.35 per cent uranium oxide.
Valor pinpoints high priority Canadian uranium targets
Valor Resources has successfully deployed radon-in-soil surveys at its Hidden Bay uranium project and identified priority targets located close to the historic Rabbit Lake mine in the Athabasca Basin, Canada. The surveys were designed to follow up on prospective targets previously identified by the company. The area of interest is situated close to the Athabasca unconformity with the potential for both basement-hosted and Athabasca sandstone-hosted uranium deposits.
Valor field work extends surface uranium at Canadian project
Valor Resources has extended the surface uranium mineralisation of its Surprise Creek project in Canada to a strike length of almost 400m after receiving results from field work conducted last month. The program completed in October revealed five targets with a maximum scintillometer reading of 65,535 counts per second whilst a number of additional areas tested showed results of more than 10,000 cps.
Valor survey highlights copper anomalies at Peru project
Valor Resources has identified two substantial new anomalies at its Ichucollo and Huancune targets from an induced polarisation survey across the company’s Picha copper and silver project in Peru. The explorer says the latest discoveries are coincident with significant surface copper mineralisation identified from channel sampling and combine with a previously identified anomaly for a strike length of more than 6km.
Valor unearths spectacular grade uranium-copper rock chips
ASX-listed explorer Valor Resources has snared a suite of uber-impressive grade rock chips grading up to 6.13 per cent uranium oxide and an eye-catching 61.7 per cent copper at its Surprise Creek project in Canada. Legacy drilling at the tenure returned several compelling uranium intercepts, including 2.1m at 4.37 per cent from 57m, indicating the surface results could be just the tip of the iceberg. Other notable uranium assays include 6.13 per cent, 3.96 per cent and 1.83 per cent uranium oxide.
New Technical Director brings commodity clout to Valor
Mineral explorer Valor Resources has appointed highly experienced exploration executive Robin Wilson to the role of Technical Director as it looks to beef up the company’s core skills. Wilson brings over 30 years of global exploration experience in many critical mineral commodities with a particular focus on uranium. Wilson has overseen the company’s exploration activities in both Canada and Peru over the last 15 months whilst also being instrumental in the expansion of Valor’s asset base.
Valor homes in on high-priority Canadian uranium
An exploration blitz by Valor Resources across its uranium prospects in the Athabasca Basin area of Canada has unearthed a swathe of new high-priority targets with more expected once all results are finalised. A total of 11 targets were identified at the company’s Hook Lake uranium project from a recently completed airborne gravity survey, whilst final assay results from a diamond drilling program at the site have also been received.
Valor field work confirms Canadian uranium targets
A successful field program at its Surprise Creek project in Canada has uncovered significant new uranium and copper mineralisation for Valor Resources in addition to confirming targets from historical results. Based on the quality of the findings from the field program, the company has increased its land holdings by pegging another 7 square kilometres to the north of the project.
Valor unveils six new Canadian uranium targets
ASX-listed Valor Resources has outlined six high priority drill targets following an initial field visit, historical data review and airborne gravity survey at its Hidden Bay uranium project in Canada. The project is strategically located about 20km south of the revered Rabbit Lake mine where over 200 million ounces of uranium concentrate was once produced.
Copper hits define new Peruvian drill target for Valor
Mineral explorer Valor Resources continues to make headway at its Picha copper and silver project in southern Peru with recent channel sampling at the operation’s Ichucollo target delivering a raft of notable hits, including 12m at 1.1 per cent copper and anomalous silver at 5.3 grams per tonne. Importantly, over 30 of the 132 channel samples delivered encouraging assays above 0.5 per cent copper, with some running up just shy of 8 per cent copper and 100 grams per tonne silver.
Valor closes in on new copper, uranium targets in Canada
Valor Resources has identified highly prospective copper and uranium targets during a review of historical data from its Surprise Creek project in Canada’s Athabasca Basin. Based on the copper results, including rock-chip samples between 0.25 and 5.9 per cent and soil samples up to 3300 parts per million, the company has extended its tenements by 11 square kilometres to the south-west. The copper targets cover a strike length of 1.5km that Valor says is open to the north and south.
Valor identifies seven Canadian uranium targets
Perth-based Valor Resources has identified seven high-priority uranium targets at its Cluff Lake project in the western Athabasca Basin in Canada after an extensive data review. The company says it is well advanced and can start a ground exploration program this month, including mapping and sampling, in addition to planning a drilling campaign at the project in the Saskatchewan region.
New Peruvian project returns big silver hits for Valor
Valor Resources’ recent decision to add the 60 square kilometre Charaque project to the company’s portfolio in Peru is paying off with high-grade silver hits more than 900 grams per tonne from rock and soil samples. Other strong results from its existing Picha project 30km away has spurred Valor to kick off a 5000m first-pass diamond drilling program across its prospective acreage.
Valor moves to expand Peruvian gold, silver footprint
Multi-commodity explorer Valor Resources is moving to expand its footprint in Peru by around 30 per cent after applying for a 60 square kilometre patch containing historic gold and silver mine workings only 30km from its exciting Picha copper and silver project in the Moquegua area of southern Peru.
Valor confirms more Peruvian copper targets
Valor Resources has confirmed the prospectivity of multiple new targets at its Picha project in Peru. Recent spectral analysis highlighted two intriguing targets along a major regional structure hosting the Cobremani, Maricate and Cumbre Coya targets. Rock-chip sampling at the Huancune target has returned assays up to 3.95 per cent copper with a channel sample at the Pacojahua target returning an encouraging 0.82 per cent copper.
Valor sees radioactivity after first run at Hook Lake
Results from Valor Resources’ maiden drilling program at its Hook Lake uranium project have yielded encouraging results with elevated radioactivity in several holes at the S-Zone target. Valor is also planning an airborne gravity survey next month at its Hook Lake and the Cluff Lake projects and further drilling to chase up earlier rare earths results.
Valor maps out Peruvian porphyry copper targets
Valor Resources’ Peruvian precious metal hunt has mapped out five promising spectral anomalies at its Picha project, with trademark porphyry signatures indicating the company may be tantalisingly close to unearthing a porphyry-style deposit. The company’s project lies only 17km from Chucapaca, Peru's largest goldmine, where close to eight million ounces of gold equivalent has been defined.
Valor lights up large Peruvian porphyry copper target
Mineral explorer Valor Resources has lit up an interesting geophysical anomaly at its Picha project in Peru. The 2km by 2km induced polarisation anomaly is believed to reflect potential copper-bearing sulphide mineralisation at depth related to a large porphyry body. The company has kicked up a clutch of compelling copper-silver targets from its combined geophysical and geochemical surveys that are begging to feel the drill bit.
Valor meets farm-in commitments for Canadian uranium asset
Junior explorer Valor Resources has met its first-year expenditure and cash payment commitments under a farm-in agreement where it is looking to take an 80 per cent stake in the Hook Lake uranium project located 60 kilometres east of the Key Lake uranium mine in northern Saskatchewan in Canada. Expenditure by Valor has now exceeded the C$750,000 requirement set out in the farm-in agreement.
Valor gets drill rods spinning in Canadian uranium hunt
Valor Resources has kicked off a 2,500 metre diamond drilling program at its Hook Lake uranium project in the world class, uranium endowed Athabasca basin in Canada. Drilling is aimed at testing the extent of mineralisation after identifying surface anomalism that included rock chips grading up to 59.2 per cent uranium. It will also target a geochemical and structural target called the V-Grid.
Valor copper hunt buoyed by early survey results
Valor Resources says it is encouraged by results from ongoing geochemical and geophysical surveys in its hunt for Peruvian copper and silver at its Pichu project after the company nailed a 1.2km by 2km open geophysical anomaly. It said the anomaly identified by the Induced Polarisation survey potentially represents a large porphyry copper system, which remains open to the south.
Valor set to drill test Canadian uranium play
ASX-listed Valor Resources is about to wheel in the rotary truth diviner at its Hook Lake uranium prospect deep in northern Saskatchewan, Canada. Major Drilling has been contracted to run the 2500m drill program which will comprise of ten to fifteen 200-250m deep holes. The drill targets are within the “S Zone” target, where previous surface sampling returned assays of up to 59.2 per cent uranium oxide.
Geophysics point to copper drill targets for Valor in Peru
Valor Resources has unveiled a clutch of copper drill targets at its Picha copper and silver project in southern Peru courtesy of an ongoing ground geophysics program. According to the company, the geophysical anomalies correlate with surface mineralisation at the project and potentially point to mineralisation at depth. Valor is now planning a drilling campaign that will look to test the newly identified targets.
Valor backers pump $5.4m in for Canadian uranium hunt
Valor Resources has extracted a handy $5.4m from the market to throw at its Canadian uranium projects as it ramps up exploration activities amid strengthening uranium prices. The Perth-based explorer is knee deep in a flurry of exploration activities as the uranium price is spurred on by increased global demand for yellow cake.
New copper-silver samples up the ante for Valor in Peru
Mineral explorer Valor Resources continues to deliver the goods at its Picha copper and silver project in southern Peru. Recent channel sampling by the company at two separate areas has returned a 40.5 metre long surface channel grading 0.49 per cent copper at its Cumbre Coya prospect, with a 17.6m channel going 1.95 per cent copper also unearthed at the Maricate prospect some 500m away.
Valor unearths widespread copper in Peru
Mineral exploration company Valor Resources is onto a grab bag of significant grade copper samples, with some going as high as 13.4 per cent, arising from a geochemical sampling program at its Picha copper and silver project in southern Peru. At the Cobremani prospect, sampling of historical works delivered a continuous 35.6m long channel with an average 1.3 per cent copper and 22.85 g/t silver.
Valor hooks high grade uranium-rare earths, silver-lead rock chips in Canada
Valor Resources is on a roll in Canada with the budding explorer identifying new high-grade uranium mineralisation from rock chips at the company’s Hook Lake project in Canada’s famed Athabasca uranium basin. Additional silver, lead and high-grade rare-earths mineralisation with key rare earth elements neodymium, praseodymium and dysprosium have added some unexpected value to the project.
Valor weighs up priority targets in prime Canadian uranium real estate.
ASX listed Valor Resources has finalised the evaluation of targets at its Cluff Lake uranium project in Canada and will kick-off a boots-on-ground exploration program in September to further assess the highest priority targets. Initial exploration targeting was conducted using all available geological and geophysical datasets to prioritise areas for further ground reconnaissance to be completed.
Valor unveils new Canadian uranium anomalies
Valor Resources looks to be on a roll in Canada with the budding explorer identifying a wealth of new uranium anomalies across the company’s burgeoning ground holdings in Canada’s famed Athabasca Basin. A recent radiometric survey at Hook Lake has highlighted several target zones in the northwest of the company’s tenure, alongside various new targets outside the recognised historical prospects.
Valor ready to hit the ground in Canada’s Athabasca Basin
ASX-listed junior explorer Valor Resources says a recently completed airborne geophysical survey has exceeded its expectations, pointing to historical uranium occurrences and new targets across its Hook Lake project in northern Saskatchewan, Canada. Follow-up field exploration work has been earmarked to kick off this month and the Perth-based company hopes to be drilling priority prospects in the venerated Athabasca Basin region later in the year.
Valor expands footprint in Canada’s uranium-rich Athabasca Basin
Valor Resources has bumped up its uranium exploration acreage in the mighty Athabasca Basin region in central Canada to 986 square kilometres by acquiring five new projects, including one along strike from Rio Tinto’s Janice Lake property. The Athabasca Basin has historically produced about 20 per cent of global primary uranium supply and hosts the world’s highest-grade uranium mine at Cigar Lake.
Valor Resources builds high-grade copper position in Peru
Valor Resources has continued to build its portfolio in the Americas, pegging 14 new mining concessions around its Picha copper-silver project in southern Peru. The staking spree comes in the wake of recent channel sampling that produced grades up to 6.04 per cent copper and 18 ounces to the tonne silver, pointing to the potential of the underlying mineral system.
Bardoc Gold seeking $15m
Bardoc will aggressively explore its Kalgoorlie projects with the funds raised. facebook twitter linkedin print Bardoc Gold has received firm commitments to raise $12 million through a share placement to advance its Kalgoorlie region developments. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month. Login (existing subscribers) Username/Email * Password * The password field is case sensitive.
Bardoc gold to raise up to $15m
Bardoc will aggressively explore its Kalgoorlie projects with the funds raised. facebook twitter linkedin print Bardoc Gold has received firm commitments to raise $12 million through a share placement to advance its Kalgoorlie region developments. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month. Login (existing subscribers) Username/Email * Password * The password field is case sensitive.
Castle shares skyrocket on Ghana farm-out deal
Shares in Castle Minerals have risen by as much as 150 per cent today, after the junior gold explorer signed a US$11.7 million ($17.2 million) farm-out agreement for two of its licences in Ghana.
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