A detailed review of the historical exploration data from the acquired claims is currently underway. Pic via Getty Images.
Valor adds historical uranium and copper claims to Surprise Creek footprint
Mining
share
Valor Resources has expanded its Surprise Creek uranium and copper project in Canada with the acquisition of two new claims covering around 20km adjoining its existing ground-holding.
The two new claims cover historical copper occurrences and favourable geology for Beaverlodge-style uranium mineralisation, and despite their prospectivity, there has been minimal exploration undertaken on this area since the 1980s.
Notable historical surface sampling results include up to 1.2% copper at the Tazin Lake showing – which was discovered by Nitracell Canada in 1969.
Adding to copper and uranium footprint
“The Beaverlodge area played a significant role in the commencement of uranium production in Canada, particularly the Athabasca Basin,” Valor Resoures (ASX:VAL) executive chairman George Bauk said.
“With major discoveries having been made on the eastern side of the Basin in more recent times, this area has been left behind.
“Our team is now working through the historical data, which includes significant copper results.”
A review of historical exploration data from the acquired claims will include a compilation, review and interpretation of all publicly available geological and geophysical datasets to prioritise areas for follow-up exploration.
On the hunt for more drill targets
The company is also planning potential drilling programs at its Hidden Bay, Cluff Lake and Surprise Creek Projects, with on-ground field work to commence at Hidden Bay and Hook Lake in April/May and Cluff Lake and Surprise Creek in June/July.
“This recent acquisition further expands our land-holding around the Surprise Creek Project area, which has had minimal exploration to date, especially over the past 40 years, despite the presence of widespread historical copper and uranium occurrences,” Bauk said.
“We have already identified a significant uranium drill target at Surprise Creek Fault and, with some of the geophysical surveys that we are planning to undertake in 2023, we hope to identify further uranium and copper drill targets.”
This article was developed in collaboration with Valor Resources Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
