ValOre Provides Exploration Update for Pedra Branca PGE Project and Initiates Metallurgical Testwork

VANCOUVER, British Columbia, June 17, 2020 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQX: KVLQF; FRANKFURT: KEQ0) today announced results from 54 grab samples, provided an update on the Mendes North geochemical sampling program, and commenced the initiation of a metallurgical testwork program for ValOre’s 100%-owned Pedra Branca Platinum Group Elements Project (“PGE”), located near the community of Capitão Mór in northeastern Brazil.

Key Updates on ValOre’s 2020 Pedra Branca PGE Exploration Program:

• “2PGE+Au” (being palladium (Pd), platinum (Pt) and gold (Au)) assay results have been received for 54 property-wide rock samples, with the highest grade sample exceeding 26 g 2PGE+Au/t, 4 samples >10 g 2PGE+Au/t, 6 samples ranging from 5-10 g 2PGE+Au/t, and an additional 27 samples returning anomalous 2PGE+Au grades;
• 598 soil samples from the Mendes North geochemical program have been received by the lab with analytical results expected within 2 weeks;
• SGS Lakefield, Ontario will be conducting metallurgical testing on select mineralized samples from 43-101 deposit areas at Pedra Branca, testing the amenability of Falcon UF gravity separation and PLATSOL leaching.

“Our team continues to demonstrate the widespread and high-grade mineralization at ValOre’s 100% owned Pedra Branca PGE project,” stated Jim Paterson, Chairman & CEO. “In combination with the planned drill program, the initiation of metallurgical test work will greatly increase our understanding and help us accelerate the advancement of this exciting project.”

Property-Wide Grab Sample Results

Assay results for 54 rock samples collected from property-wide exploration targets and resource areas have been received. A total of 37 samples returned anomalous 2PGE+Au grades, with a peak grade of 26.66 g 2PGE+Au/t from a grab sample in the Trapia West deposit area.

Multiple high-grade rock samples were collected from widely spaced exploration targets spanning the project, including Trapia 1 North, Massapê, and Esbarro West. In addition, several target areas slated for 2020 core drilling returned strong 2PGE+Au results, including Esbarro East, Cana Brava and Santo Amaro. See Table 1 below for a summary of 2PGE+Au results, CLICK HERE for the full list of assays, and CLICK HERE to view all figures related to this news release.