Member Info for Dcat80

We’ve had a PEA. Next assessment will now not be an updated PEA, but a PFS (pre-feasibility study) which makes less assumptions and as such had a higher degree of confidence. The better degree of confidence the easier to attract investment/funding

It was a good interview and useful to get further insight on hopes/plans.

Finish drilling PN next week and we’re about 1500m of the 2000m planned done. After that 10 holes planned at goela (average 50m each) for further resource expansion. Now expected to finish in 6 weeks so mid June. Then some holes just to test other targets more, but not to level will add to any resource report at this stage.

The other work streams leading into the economic assessments have been going well. As such quality of next assessment will be to a pre-feasibility study level which has higher degrees of confidence than a PEA. Highlighting that the simply production route would be within our own funding possibly a clue the dry separation testing has been going well?

Been exploring the full production route and possibility we bypass the simple route we could afford to fund ourselves. This to me is very suggestive of talks with a party that could help fund a much bigger Capex operation to maximise the returns. Ive been banging on about Tio2 for a year, I definitely see this as where the real money can be made and should a partner be bought in on favourable terms would be just incredible for us.

Hopefully we will see some of the items that feed into the next economic study being released shortly...

It’ll be a rollover of some type or another. Either shares to a spreadbet account to reduce future tax implications or shares were bought on credit with a broker (T-trade) and credit us being rolled over for extended period.

The buys vs sells have more than exceeded the recently sold options. My guess is we’ve been working through a sell order as well when low volume. As buys have been going to that it’s not been adding support so we’ve been going down on other relatively small sells. Annoying to say the least, but we should bounce hard at some point. There are buyers after all and plenty of news due

The more important work streams for the next PEA isn’t the drilling, but logistics and bulk testing in my view. The resource can be upgraded using assays received to date, the majority of drilling was planned at pitombieras north of which 3 holes were still to be completed before moving to goela and PN likely to include largest upgrade. Of course wouldn’t go the targeted 15mt, but more material uplift would be inclusion of any Tio2 credits.

Personally it’s progress on the TM and production Q1 2022 I see as more important now. That started with current PEA and shouldn’t be affected by further drilling

Not sure when PEA will land for sure, but am putting together the finishing touch of a “Jangada for dummies” chain which if people can’t follow and get excited about I’d suggest mining investment isn’t for them!

Account is private. If you’re on twitter just send me dm and follow request

Can see the table in my tweet below (screen print of the email news release)

https://twitter.com/davidca041980/status/1386638722746175491?s=21

Esbarro NW 2021 Exploration: Soil, Trado® and Channel Sampling

2021 soil sampling from the Esbarro NW target area delineated a 600 m-long PGE-in-soils anomaly extending to the northwest from the Esbarro pit-constrained resource area (9.9 Mt grading 1.23 g/t 2PGE+Au, totaling 394,000 ounces). During this sampling campaign, a 6.5 m-deep historical test pit was encountered approximately 200 m north of the western-most resource area. The test pit was previously not known to ValOre’s team, as it was not catalogued in the historical Pedra Branca database.

A vertical channel sample was performed from surface to the bottom of pit (6.5 m depth), with altered ultramafic rocks intercepted throughout. Assay results for the channel sample returned a high-grade PGE interval from surface of 6.5 m grading 2.17 g/t 2PGE+Au, including 2.0 m grading 5.19 g/t 2PGE+Au from 4.50 m. The highest-grade sample (7.44 g/t 2PGE+Au) was collected from the pit bottom, and thus the high-grade in-situ PGE mineralization remains fully open at depth and along strike in all directions.

A 19-hole Trado® auger follow-up program was conducted within the 600 m PGE-in-soils anomaly extending from the Esbarro resource area. 17 of 19 Trado® auger holes intercepted PGE-bearing ultramafic or ultramafic-derived rocks, suggesting near-surface geological continuity of the mineralized host intrusion. Assay highlights include Trado® holes AD21ES03, which returned 12.0 m grading 1.73 g/t 2PGE+Au from surface, incl. 2.0 m grading 2.90 g/t from surface and 2.0 m grading 3.36 g/t from 8.0 m, and Trado® hole AD21ES08 which returned 9.0 m grading 2.09 g/t 2PGE+Au from surface.

See Table 1 below for a summary of significant channel sample and Trado® PGE assay intervals, CLICK HERE for Figure 1, showing a map of the Esbarro NW target, CLICK HERE for Figure 2, showing a map of the results reported herein, and CLICK HERE for Figure 3 showing a fence diagram of the high-grade channel sample and proximal Trado® auger holes.

ValOre Announces High-Grade Platinum Group Element Results, Esbarro NW Target, Pedra Branca:
Channel sample of 6.5 metres grading 2.17 g/t 2PGE+Au, Trado® auger hole of 12.0 m grading 1.73 g/t 2PGE+Au from surface

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX-V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced assay results for 1 channel sample and 19 Trado® auger holes collected from the Esbarro NW target area at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”) Project in northeastern Brazil.

“Our exploration field work at Pedra Branca continues to generate excellent results, this time with the identification of near surface PGE mineralization at Esbarro NW, which is located within 200 metres of the Esbarro deposit,” stated ValOre’s Vice President Exploration, Colin Smith. “We will drill the Esbarro NW target in May as part of the ongoing reverse circulation drill campaign at Pedra Branca.”

Esbarro NW Channel Sample and Trado® Auger Drilling Highlights:

Vertical channel sample from historical workings 200 metres (“m”) outside the pit-constrained resource area returned significant intervals of PGE mineralization, including:
6.5 m grading 2.17 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from surface, incl. 2.0 m grading 5.19 g/t 2PGE+Au from 4.50 m
Highest-grade result of 7.44 g/t 2PGE+Au coming from the bottom of pit
PGE mineralization open at depth and along strike in all directions;
Trado® auger drilling returned near surface PGE assay results in 17 of 19 holes, with assay highlights including:
12.0 m grading 1.73 g/t 2PGE+Au from surface, incl. 2.0 m grading 2.90 g/t from surface and 2.0 m grading 3.36 g/t from 8.0 m
9.0 m grading 2.09 g/t 2PGE+Au from surface;
Esbarro NW target is drill-ready, with 10 reverse circulation (“RC”) holes planned totaling approximately 200 m with drilling anticipated to commence in May;
Esbarro deposit and Esbarro NW target area are adjacent to and bisected by well-establish roadways and electrical power lines;
Trado®, channel and soil sampling PGE results further validate auger drilling as an effective exploration technique to accelerate the target pipeline at Pedra Branca;
CLICK HERE for ValOre’s video explaining the Trado® auger from April 9, 2021.

186k now

Added 136k this morning :)

Woodster - consulmet warrants exercised in 2019 and believe Brian and Luis then bought them start 2020.

Only options now o/s all with 2p strike and expiry 31/12/24 are
NVS 1m
Louis Castro (ex director) 3m.
Consultant 900k
1.5m to mid level employees.

Warrants from recent placing for broker fees are 644,444 at 9p with expiry feb 2024

Surprised it’s still down here, just fortunate I have funds available when it is. Much rather be paying 20p+ though!

BF- looks like I might just win. Funds being transferred to My Sipp holder and should be with them in next couple days (guessing bacs payment). Finally get the top up I’ve been wanting here plus openers in few others :)

If they hired me then Brian would end up speaking to another pesky shareholder (me) something I’m sure he’s keen to avoid! I’m more than happy to let Brian and David Burton stay friends and enjoy each others company.

Would be nice though if Burton engaged more with few of the more knowledgeable guys and better understood things. Got no time for the poor quality promos put out, but I for one am happy to go over some of the basics. I’ve done it enough with the majority that have bought into Jangada already!

No probs guys. No doubt not just me frustrated with recent SP so thought worth reminded of what to come in the relative short term.

As I said I’ll try and put together a chain explaining our deposit, how are different commodities come into play etc/ why initial PEA is production method it is etc. Just need to get structure thought through first

This quarter we’ve a busy news period, some of which has to land before the next PEA I.e. those just eyeing end Q2 risk getting caught out.

We know we’ve the components of the PEA such as updated logistics report. More importantly though is the bulk testing work, something required not just for whether dry or wet separation used, but equally as important to let offtakers know specifications of our product to agree offtake deals. Mous of which could land anytime.

The environmental application is being submitted this month. Trial Mining obviously already submitted and again could land this quarter.

Work on the Tio2 side. The magnetic iron/vanadium will be first part into production, however I fully expect some work on the Tio2 is being done. Again this could land at anytime and feed into the new PEA.

Those are the obvious shall we say big ticket items. Part of the route to production Q1 next year.

We know we’ll get more assays from pitombeiras/Goela. Grade and level of intercepts been almost boringly consistent (in a good way).

Perhaps more interesting on exploration side is update on Mocidade. It’s almost suspicious in how slow data on that tenement comes out, first on the targets now on the exploration work that is being run concurrent to that at pitombieras. Have we something even more special there the BOD want to be sure of.

Other potential exploration aspects are additional licences.

Plus as discussed before what’s on the mafic/ultra mafic rock that surrounds the VTM mineralization. Chrome, cobalt, nickel, copper, PGMs all present in mafic/ultra mafic rocks in the area. I find it unlikely there isn’t such minerals in our area, just on what quantity I.e. not economical to world class grade!

The company have only just started telling the story, there is so much potential for additional value beyond what we already know. What we already know is one of, if not the most exciting projects from an economic view I’ve ever seen and I’ve specialized in mining investing for all most ten years.

Fact is even though this is Mining bull Market the majority of juniors will just suck money out the market exploring projects that never go anywhere. Our project will be monetized. Whether traders want us to succeed the economics will attract investment and we’ve the right BOD to get us through permitting and into production. We’re not a punt, but a very fine investment opportunity for those that understand these things..

Good to hear. I’m well, just fed up with idiot selling here when no support. When need arrives and we move up it’ll be at much lower point than it should be! All to chase rainbows elsewhere as bored.

Am I missing posts on lse - yet again? Obelix ok?

I whilst chat is quiet I’ll try and out together chain later for any newbies looking in or those that need reminder.

https://www.youtube.com/watch?v=6klTQzwHIOw&feature=youtu.be