ValOre Metals Corp. (“ValOre”;
TSX‐V: VO; OTC: KVLQF; Frankfurt:
KEQ0, “the Company”) today announced the appointment of
Colin Smith as Vice President of Exploration and has added
significant experience to the team responsible for advancing
ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”)
Project in northeastern Brazil.
“With the recently completed financing, ValOre
is in a strong position to ramp up exploration activities to
advance the exploration and development of Pedra Branca. We are
very lucky to have secured such an experienced, competent and
hard-working team to execute our plan,” stated ValOre’s Chairman
and CEO, Jim Paterson. “Colin Smith has risen to every challenge
thrown at him and has proven himself to be a talented and
passionate geologist with an innate ability to bring out the best
in all of his team members. We take great pride in Colin’s
appointment as ValOre’s Vice President of Exploration.”
Colin Smith is a registered Professional
Geologist (P.Geo.) in British Columbia, Saskatchewan, Nunavut and
the Northwest Territories with over 16 years experience developing,
executing and managing exploration campaigns in North and South
America, ranging from early-stage project generation to near-mine
resource delineation. Colin’s passion for exploration and discovery
has garnered him a technical expertise with structurally hosted
gold, ultramafic-associated PGEs, porphyry copper-gold, diamonds,
unconformity-related uranium, and coal. Smith started with ValOre
in August 2018, overseeing New Project Review for the Company. This
followed his role as Senior Exploration Geologist with SSR Mining
Inc. at the Seabee Gold Operation in northern Saskatchewan, where
he designed and implemented all Seabee-based exploration
activities, resulting in multiple auriferous discoveries and
resource delineation. Smith holds a B.Sc. degree in Geology from
the University of British Columbia (2007), and an M.Sc. degree in
Economic Geology from the University of Victoria (2012).
“ValOre has assembled an outstanding team of
industry-leading professionals in Brazil and Canada, whose foremost
goal is the rapid advancement of our Pedra Branca PGE project to
ultimately maximize shareholder value,” stated ValOre’s Vice
President of Exploration, Colin Smith. “I am deeply honoured by the
appointment and highly motivated to continue adding tangible value
to ValOre’s assets in 2021 and beyond.”
Integral to the successful exploration and
advancement of the Pedra Branca PGE Project team are:
Thiago Diniz, M.Sc., P.Geo. – Exploration
Manager, Exploration Geologist with over 8 years of experience
working on early- to advanced-stage fertilizer, base and precious
metals projects, both in Brazil and Canada, including three
world-class mineral deposits (Troilus Au-Cu, in Quebec, Canada; and
Belo Sun – Au, and Brazil Potash, in Brazil). Acquired experience
in the development and management of large-scale drilling, field
mapping and metallurgical programs. Thiago is a registered P.Geo.
in Ontario and Quebec (Géo) and holds a B.Sc. degree in Geology
from Universidade Federal de Minas Gerais (2013) and a M.Sc. degree
in Economic Geology from Queen’s University, Kingston (2019).
Marina Carvalho – Lead Administrator, over 10 years experience
within the mining sector, coordinating finance, accounting,
budgeting, planning, HR, contract management and corporate
governance for private and publicly traded companies. In Brazil,
was directly involved in the development of two world class mineral
deposits (Belo Sun – Gold; and Potassio do Brasil – Potash). Marina
holds a Bachelor of Business Administration degree from Fundacao
Armando Alvares Penteado (Sao Paulo, Brazil), a post grad
Certificate in Finance and Business Management from Fundacao Dom
Cabral (Minas Gerais, Brazil) and Change Management Certification
(PROSCI).
Rodolfo Sena – Senior Exploration Geologist,
with over 10 years of experience working on the exploration and
development stages of fertilizer, base and precious metals
projects. Participated in the development of two world class
mineral deposits (Belo Sun – Gold; and Potassio do Brasil –
Potash). Rodolfo holds a B.Sc. Degree in Geology from Universidade
Federal de Minas Gerais (2009) and is starting a Master’s Degree in
Regional Geology in 2021 at UFVJM, Brazil.
Kleber Souza – Senior Exploration Geologist,
with over 10 years of experience working on the exploration and
development stages of base and precious metals projects.
Participated in the development of a world class mineral gold
deposit (Belo Sun). Kleber holds a B.Sc. Degree in Geology from
Universidade Federa do Para (2007).
Rafael Diniz – Junior Exploration Geologist,
with experience working on the exploration of copper and phosphate
projects in southern Brazil. Rafael holds a B.Sc. Degree in Geology
from Universidade Federal de Ouro Preto (2018).
Luiz Mauro Martins – Senior Mining Technician,
with over 30 years of experience on the exploration of base and
precious metals and PGE deposits in Brazil. Work experience with
South African Gemcore, Canadian Falconbridge, Anglo-Swiss Xstrata,
and Australian Aguia Resources.
Antonio Mota – Senior Mining Technician, with
over 30 years of experience, 15 of them working on the Pedra Branca
PGE project. Local citizen of Capitao Mor, with great knowledge of
the region.
About ValOre Metals Corp.
ValOre Metals Corp.
(TSX‐V: VO) is a
Canadian company with a portfolio of high‐quality exploration
projects. ValOre’s team aims to deploy capital and knowledge on
projects which benefit from substantial prior investment by
previous owners, existence of high-value mineralization on a large
scale, and the possibility of adding tangible value through
exploration, process improvement, and innovation.
In May 2019, ValOre announced the acquisition of
the Pedra Branca Platinum Group Elements (PGE) property, in Brazil,
to bolster its existing Angilak uranium, Genesis/Hatchet uranium
and Baffin gold projects in Canada.
The Pedra Branca PGE Project comprises 39
exploration licenses covering a total area of 39,987 hectares
(98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct
PGE+Au deposit areas host, in aggregate, a current Inferred
Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million
tonnes grading 1.22 g/t 2PGE+Au (see ValOre’s July 23, 2019 news
release). All the currently known Pedra Branca inferred PGE
resources are potentially open pittable.
Comprehensive exploration programs have
demonstrated the "District Scale" potential of ValOre’s Angilak
Property in Nunavut Territory, Canada that hosts the Lac 50 Trend
having a current Inferred Resource of 2,831,000 tonnes grading
0.69% U3O8, totaling 43.3 million pounds U3O8. For disclosure
related to the inferred resource for the Lac 50 Trend uranium
deposits, please refer to ValOre's news release of March 1,
2013.
ValOre’s team has forged strong relationships
with sophisticated resource sector investors and partner Nunavut
Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold
Properties. ValOre was the first company to sign a comprehensive
agreement to explore for uranium on Inuit Owned Lands in Nunavut
Territory and is committed to building shareholder value while
adhering to high levels of environmental and safety standards and
proactive local community engagement.
On behalf of the Board of Directors,
“Jim Paterson”
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about, ValOre Metals
Corp. or this news release, please visit our website at
valoremetals.com or contact Investor Relations at 604.653.9464, or
by email at contact@valoremetals.com.
ValOre Metals Corp. is a proud member of
Discovery Group. For more information please visit:
discoverygroup.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains “forward-looking
statements” within the meaning of applicable securities laws.
Although ValOre believes that the expectations reflected in its
forward-looking statements are reasonable, such statements have
been based on factors and assumptions concerning future events that
may prove to be inaccurate. These factors and assumptions are based
upon currently available information to ValOre. Such statements are
subject to known and unknown risks, uncertainties and other factors
that could influence actual results or events and cause actual
results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. A number
of important factors including those set forth in other public
filings could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements include the
future operations of ValOre and economic factors. Readers are
cautioned to not place undue reliance on forward-looking
statements. The statements in this press release are made as of the
date of this release and, except as required by applicable law,
ValOre does not undertake any obligation to publicly update or to
revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise. ValOre
undertakes no obligation to comment on analyses, expectations or
statements made by third parties in respect of ValOre, or its
financial or operating results or (as applicable), their
securities.
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