ValOre defines new gold in till target areas and extends geophysical coverage to 110 km on Baffin Island, Nunavut
14 December 2018
ValOre Metals Corporation today announced results from the 2018 summer exploration program at the 100% owned Baffin Gold Property in Nunavut Territory, Canada. The Baffin Gold Property has one of the largest undeveloped greenstone-iron formation gold belts in Nunavut, totalling 405,083 ha and covering 160 km of the Foxe Fold Belt on central Baffin Island. Sampling results from the company’s 2018 season have significantly expanded gold-in-till target areas, while new airborne geophysics has highlighted underlying geological settings and possible structural controls for mineralization over much of the property.
•Results from 438 till geochemical samples infilled the 2017 work and outlined three, kilometre-scale areas with anomalous gold in underexplored, prospective geology west of the high-grade Brent and Ridge occurrences;
•Results from 31 rock samples confirmed high-grade gold at Durette, an area of complex folded Bravo Formation iron formation and metavolcanics;
•Highlight grab rock samples from 2018 include:
o42% of rock samples taken in 2018 (13) assayed > 5g/t
o67.9 g/t Au - Durette quartz-arsenopyrite vein
o46.4 g/t Au - Brent quartz-aresenopyrite vein
o29.2 g/t Au – Durette quartz-arsenopyrite vein;
•6,984 line kilometres of airborne horizontal gradient magnetics was flown on two grids. ValOre now has near-continuous geophysical coverage over 110 kilometres of strike on the Property.