ValOre Drills Multiple Zones of Near-Surface Radioactivity at Dipole Target, Angilak Property Uranium Project

9 May 2022

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX?V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided a preliminary update on the Reverse Circulation (“RC”) drilling at ValOre’s 100% owned 59,483-hectare Angilak Property Uranium Project (“Angilak”), located in Nunavut Territory, Canada. All seven RC holes drilled at the Dipole target have intersected multiple, shallow zones of radioactivity.

“Dipole was first drilled in 2015, where 9 of 9 ValOre diamond drill holes intersected multiple zones of near surface uranium mineralization in rocks analogous to those found in the Lac 50 Trend deposits,” stated ValOre’s VP of Exploration, Colin Smith. “2022 RC drilling at Dipole confirms that U3O8 mineralization remains open at depth and along strike in both directions coincident to a 3.4-km-long, coincident, VLF-EM conductor and uranium-in-soils anomaly.”

Angilak Property Uranium Project 2022 Dipole RC Drilling Highlights:

  • Seven RC drill holes in 778.76 metres (“m”) drilled to date from 3 drill sites at Dipole, out of a planned 16 holes (1,865 m);
  • Multiple zones of near-surface radioactivity intersected in 7 of 7 holes (Table 1), with all holes returning scintillometer counts per second (“CPS”) measurements over 500 CPS, with a maximum of 65,535 CPS in drill hole RC22-DP-005;
  • RC drilling to date has expanded the prospective structure along strike by 150 m to the northeast, doubling the historical trend to 300 m in length and wide open in both directions, and at depth;
  • Total of 43 samples (65.53 m total) from 7 holes have been submitted for assay to date;
  • RC drilling continues at Dipole, with significant U3O8 intercepts to be followed-up in the summer core drilling program.

CLICK HERE for ValOre’s May 9, 2022 video summarizing this news release.