The Corona target sits 1,500 metres southwest of the main Berenguela Central deposit.
High concentrations of copper and silver with a similar style of mineralisation to Berenguela have been identified at Corona, expanding the size of the project area to the west.
Valor likely to extend surface sampling to border
Grades of up to 1.7% copper and 500 g/t silver have been recorded.
Valor chairman Mark Sumner said: “As we continue our efforts at Corona, it is becoming clear that the copper and silver mineralised system at surface extends much further west than we originally anticipated.
“We will continue the detailed geological mapping exercise, as well as sampling at Corona.
“It’s likely we will continue to test the Corona target all the way to our property boundary.”
The company is also taking important steps towards commercialisation of the project as it approaches commencement of a pre-feasibility study (PFS) in June/July of this year.
Interest from potential off-take partners
Valor has received interest from globally recognised copper and silver offtake partners.
The company is in discussions with some of these parties, the results of which could assist in supporting the upcoming scoping study process and PFS.
The scoping study is being completed in conjunction with these discussions and Valor expect to release the results in the coming weeks.