Mining
Valor Resources Limited (ASX:VAL) (“Valor” or “the Company”) is an exploration company focused on creating shareholder value through acquisitions and exploration activities. The Company is focused on two key projects as outlined below in Peru and Canada.
The Picha Project is a Copper Silver project located in the worlds second largest producer of both copper and silver, Peru. In 2021, the company completed an extensive ground based mapping and sampling program along with a detailed IP and ground based magnetic survey. Work is well advanced to finalise the interpretation and define a drilling program for 2021. Key results include up to 6% Copper and up to 563 g/t Silver.
The Canadian Uranium portfolio in and around the Athabasca Basin has seven projects with the key project being the Hook Lake Project. The company has the right to earn an 80% working interest in the Hook Lake Uranium Project located 60km east of the Key Lake Uranium Mine in northern Saskatchewan. Drilling is about to commence on the Hook Lake project in January with an initial 2,500m diamond drilling program targeting the S Zone which in 2021, the field program uncovered rock chip results of up to 59.2% U3O8, 499 g/t Ag, 5.05% TREO and 14.4% Pb.
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