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Valor Resources to lift cash following high-grade copper-silver hits

Published: 12:28 15 Sep 2017 AEST

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Valor shares are in pre-open

Valor Resources Ltd's (ASX:VAL) shares last traded at $0.028, or four times higher than their valuation just one month ago, with the re-rating following some high-grade drilling results from the Berenguela Copper-Silver Project in Southern Peru.

Highlights included: 55 metres at 1.87% copper and 251.90g/t silver.

Valor is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Tuesday 19th September 2017, or earlier if an announcement is made to the market.

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