- Valorem Resources (VALU) has provided an update on the planned exploration programs at its three gold, nickel, gold-copper, and specimen crystal prospects in British Columbia: the BC Gold Project, the Lac La Hache Gold Project, and the Pinto Gold-Copper Project
- The company plans to begin geochemical sampling and prospecting on these properties, which are located near historic mines, to determine potential mineralization
- Valorem Resources, formerly JDF Explorations, is a Canadian mining company engaged in the identification, acquisition, evaluation, and exploration of mineral properties
- Valorem Resources Inc. (VALU) is up 1.67 per cent, trading at $0.305 per share as of 3:14 pm ET
Valorem Resources (VALU) has provided an update on the planned exploration programs at its three gold, nickel, gold-copper, and specimen crystal prospects.
The first two properties, the BC Gold Project and the Lac La Hache Gold Project, are located in the Cariboo District in central British Columbia, while the third property, the Pinto Gold-Copper Project, is in south central BC.
Tony Louie, president of Valorem, stated,
“Valorem is very pleased to provide our shareholders with material exposure to the historic Cariboo gold district. The acquisition of the BC Gold Project and the Lac la Hache Gold Project establishes our presence in a premier historic gold camp in BC. Additionally, the Pinto Gold-Copper Project provides an entry into the historical Franklin Mining Camp.”
The BC Gold Project is comprised of three claim groups in the west, central, and eastern parts of the property. Valorem has planned exploration of these three areas through geochemical sampling and prospecting.
The second property, the Lac La Hache Gold Project, covers 180 hectares on the north shore of Spout Lake. The property is in the early stage of exploration and no resource has yet been established on the property, however EnGold Mines has been drilling a deposit to the south of Sprout Lake containing copper-magnetite mineralization.
The third property holding, the Pinto Gold-Copper Project, is in an area that was subject to historical exploration interest by multiple mining companies during the 1980s. Several old workings and historical adits and shallow open pits are scattered in the area.
Exploration on the Pinto property will consist of re-evaluating all available data, prospecting, and a possible airborne geophysical survey to detect the potential for a copper deposit.
Valorem Resources, formerly JDF Explorations, is a Canadian mining company engaged in the identification, acquisition, evaluation, and exploration of mineral properties.
Valorem Resources Inc. (VALU) is up 1.67 per cent, trading at $0.305 per share as of 3:14 pm ET.
