Sampling results clearly demonstrate the potential for expanding the Berenguela Central strike length significantly.
The high-grade copper and silver samples at surface were taken from outside the deposit boarders to the north, south, east and west.
Copper grades from the collected samples assayed as high as 1.34% and silver grades ranged up to 166 g/t silver.
The Berenguela Copper-Silver Project in Peru hosts a 45.9 million tonne JORC resource grading 1.27% copper equivalent.
The project consists of two mineralised areas, Central and Corona, currently only Central has a JORC resource.
Mark Sumner, chairman, said: “Our ongoing exploration activities are delivering excellent outcomes, and the discovery of further high grade mineralisation at surface outside the current borders of Berenguela Central is evidence of this.
“Excellent copper and silver values indicate that the strike length of Berenguela Central will continue to increase.
“Sampling is continuing at Berenguela and at our recently discovered Corona prospect and this is helping us plan for the next drill program, which will begin in May.”
Further assays expected, scoping study this month
More assay results from sampling will be reported over the short term and the 2018 drill program is expected to commence in May of 2018.
Furthermore, Valor plans to release its scoping study this month.
Valor is well funded for its next drill program which will add further value and scale to its projects within the Berenguela concession.
Sampling is to confirm drill targets for upcoming campaign
The sample program, which consisted of 43 rock chip samples, was designed to confirm the extension of the deposit.
Sample locations were selected to both confirm drill targets for the planned 2018 drill program, as well as confirm surface mineralisation outside the current resource area.
Results of the program have now confirmed mineralised extensions of Berenguela Central outside the current resource borders.