ValOre Soil Geochemistry Assay Results Identify PGE Anomalies at all Three Mendes North Targets

VANCOUVER, British Columbia, July 07, 2020 (GLOBE NEWSWIRE) -- ValOre Metals Corp. ("ValOre"; TSX‐V: VO; OTC: KVLQF; FRANKFURT: KEQ0) ValOre today announced results from 565 soil samples and 4 rock samples from the recently completed geochemical sampling program at the Mendes North exploration target at ValOre’s 100%-owned Pedra Branca Platinum Group Elements Project (“PGE”, “2PGE+Au”) in northeastern Brazil.

Key Updates on 2020 Exploration Programs:

• Coincident magnetic and WorldView satellite spectral imaging targets now corroborated by soil sampling, provides support for exploration methodology
• Soil sample assays from all three Mendes North targets returned significant PGE results
• All three anomalies remain open, indicating potential continuity of a >3 km PGE-bearing belt
• Follow-up geological mapping, prospecting and geochemical sampling to be executed immediately

“The Pedra Branca PGE assay results announced today have greatly increased our confidence in the exploration methodology developed and implemented successfully by ValOre’s technical team. The three Mendes North targets have now been corroborated as prospective by three separate exploration technologies: geophysics, remote sensing and geochemistry,” stated Jim Paterson, Chairman & CEO. “The targets exhibit significant scale and strike length, benefit from an excellent location with respect to access, power, and proximity to our other delineated PGE deposits, and importantly remain open for expansion through further geological mapping, prospecting and soil sampling programs prior to drill testing.”

Mendes North Geochemical Program Update

A total of 565 soil sample assays from the three >1 km Mendes North WorldView-magnetic targets have been received, and all three targets returned well-defined, regional (each >750 metres in length) NE-SW-trending linear PGE anomalies. The anomalies remain open between targets, suggesting potential continuity of a >3 km PGE-bearing belt.

Target 1 returned a >820 metre long PGE anomaly which remains open to the northeast. An oblique, 250-metre-long NW-SE-trending gold (Au) anomaly was also defined at Target 1, returning a peak assay of 660 ppb Au. Target 2 comprises two anomalies: one >830 metres in length and open to the NE, and another ~300 metres in length and open to the NE, SE and SW. At Target 3, a >750-metre-long PGE anomaly was delineated which remains open to the SW, NE and E. The four rock samples submitted from Mendes North returned no anomalous PGE grades. See Table 1 below for a summary of 2PGE- and Au-in-soils results, and CLICK HERE to view all figures related to this news release.