Valor hikes mineral resource estimate for Berenguela project
JOHANNESBURG (miningweekly.com) – ASX-listed Valor Resources on Tuesday announced an 80% increase in its Joint Ore Reserve Committee-compliant mineral resource estimate, along with a maiden measured resource estimate, for the Berenguela copper/silver project, in southern Peru.
The company’s 2017 drilling programme delivered a 37% increase in total contained copper to 772-million pounds; a 37% increase in total contained silver to 127-million ounces; and a 45% increase in total contained zinc to about 286-million pounds.
Valor also declared a maiden measured resource of 7.71-million tonnes at 1.6% of copper equivalent (CuEq), indicated resources of 28.23-million tonnes at 1.24% CuEq, and inferred resources of 9.98-million tonnes at 1.15% CuEq.
“We have now added over 357-million pounds of contained copper to the resource. This represents an 86% increase in total contained copper since Valor acquired the Berenguela project in May 2017,” said chairperson Mark Sumner.
The maiden measured resource brought about much greater geological certainty to the deposit and provided the company a strong foundation to proceed with further drilling and more advanced project studies, he added.
“We believe that the upcoming drilling programme will again add to this impressive start.”
Valor is currently completing an updated scoping study using the revised resource estimate to establish a new set of baseline economics.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation