- Valor Resources (VAL) has found high-grade copper and silver at its Picha project in Peru
- The company has recently completed the fieldwork of the initial project review
- The work undertaken has revealed significant showings of copper with more than 50 per cent of the results between 1 per cent and 6 per cent along, and silver results of up to 563 g/t
- Valor will now follow up on these results with further ground-based work
- On the market this morning, Valor is trading in the grey at 1.4 cents per share
Valor Resources (VAL) has found high-grade copper and silver at its Picha project in Peru.
The company has recently completed the field work of the initial project review.
Geological consultants for the project, Solimana Gold, completed their technical site visit to each of the main five exploration target areas and successfully obtained rock samples from each area.
Results have revealed significant showings of copper with more than 50 per cent of the results between 1 per cent and 6 per cent along and silver results of up to 563 g/t.
Of the 20 samples taken, 12 returned assays between 1 per cent and 9 per cent copper.
Commenting on these results, Chairman George Bauk said the rock samples had highlighted the potential of Picha.
“The mapping completed is indicating that the mineralisation is analogous to other copper‐silver stratabound deposits in Peru and Chile,” he added.
Valor will now follow up these results with further ground based work.
Copper is a significant part of the clean energy future, with Peru having several world class copper and silver deposits. It is the third largest producer of copper and silver in the world.
On the market this morning, Valor is trading in the grey at 1.4 cents per share at 10:41 am AEST.