Valor Resources Ltd (ASX:VAL) is an ASX bolter in the first hour of trade, jumping 43% to A$0.01 on very heavy volume.
Valor delivered its first results from its drilling programme at the Berenguela Project in Southern Peru, with the highlight: 10 metres at 2.13% copper and 7 metres at 2.18% copper + 1719g/t silver.
The company also discovered zinc and manganese mineralisation across the deposit.
News flow will continue from drilling, to be followed by an updated resource.
|Magnum Gas & Power Ltd||MPE||$0.002||100%||800,000|
|Valor Resources Ltd||VAL||$0.010||42.86%||50,723,739|
|Viking Mines Ltd||VKA||$0.020||42.86%||7,469,845|
|Kingsgate Consolidated Ltd||KCN||$0.305||38.64%||2,627,120|
|Metals Australia Ltd||MLS||$0.004||33.33%||392,999|
|Alloy Resources Ltd||AYR||$0.004||33.33%||150,000|
|Ventnor Resources Ltd||VRX||$0.016||23.08%||925,000|
|Venturex Resources Ltd||VXR||$0.007||16.67%||1,000,000|