George Bauk

Junior explorer Valor Resources has met its first-year expenditure and cash payment commitments under a farm-in agreement where it is looking to take an 80 per cent stake in the Hook Lake uranium project located 60 kilometres east of the Key Lake uranium mine in northern Saskatchewan in Canada. Expenditure by Valor has now exceeded the C$750,000 requirement set out in the farm-in agreement.

Mineral explorer Valor Resources has lit up an interesting geophysical anomaly at its Picha project in Peru. The 2km by 2km induced polarisation anomaly is believed to reflect potential copper-bearing sulphide mineralisation at depth related to a large porphyry body. The company has kicked up a clutch of compelling copper-silver targets from its combined geophysical and geochemical surveys that are begging to feel the drill bit.

Results from Valor Resources’ maiden drilling program at its Hook Lake uranium project have yielded encouraging results with elevated radioactivity in several holes at the S-Zone target. Valor is also planning an airborne gravity survey next month at its Hook Lake and the Cluff Lake projects and further drilling to chase up earlier rare earths results.

Valor Resources has confirmed the prospectivity of multiple new targets at its Picha project in Peru. Recent spectral analysis highlighted two intriguing targets along a major regional structure hosting the Cobremani, Maricate and Cumbre Coya targets. Rock-chip sampling at the Huancune target has returned assays up to 3.95 per cent copper with a channel sample at the Pacojahua target returning an encouraging 0.82 per cent copper.

Multi-commodity explorer Valor Resources is moving to expand its footprint in Peru by around 30 per cent after applying for a 60 square kilometre patch containing historic gold and silver mine workings. The new area is only 30km from its exciting Picha copper and silver project in the Moquegua area of southern Peru, a region seeing renewed interest from major mining houses.

Valor Resources’ recent decision to add the 60 square kilometre Charaque project to the company’s portfolio in Peru is paying off with high-grade silver hits more than 900 grams per tonne from rock and soil samples. Other strong results from its existing Picha project 30km away has spurred Valor to kick off a 5000m first-pass diamond drilling program across its prospective acreage.

Perth-based Valor Resources has identified seven high-priority uranium targets at its Cluff Lake project in the western Athabasca Basin in Canada after an extensive data review. The company says it is well advanced and can start a ground exploration program this month, including mapping and sampling, in addition to planning a drilling campaign.

Valor Resources has identified highly prospective copper and uranium targets during a review of historical data from its Surprise Creek project in Canada’s Athabasca Basin. Based on the copper results alone, including rock-chip samples between 0.25 and 5.9 per cent and soil samples up to 3300 parts per million, the company has extended its tenements by 11 square kilometres to the south-west.

Valor Resources continues to make headway at its Picha project in southern Peru with recent channel sampling at the operation’s Ichucollo target delivering a raft of notable hits, including 12m at 1.1 per cent copper with anomalous silver. Importantly, more than 30 of the 132 channel samples delivered encouraging assays above 0.5 per cent copper with some running up just shy of 8 per cent copper and 100 grams per tonne silver.

A successful field program at its Surprise Creek project in Canada has uncovered significant new uranium and copper mineralisation for Valor Resources in addition to confirming targets from historical results. Based on the quality of the findings from the field program, the company has increased its land holdings by pegging another 7 square kilometres to the north of the project.

An exploration blitz by Valor Resources across its uranium prospects in the Athabasca Basin area of Canada has unearthed a swathe of new high-priority targets with more expected once all results are finalised. A total of 11 targets were identified at the company’s Hook Lake uranium project from a recently completed airborne gravity survey, whilst final assay results from a diamond drilling program at the site have also been received.

ASX-listed explorer Valor Resources has snared a suite of uber-impressive grade rock chips grading up to 6.13 per cent uranium oxide and an eye-catching 61.7 per cent copper at its Surprise Creek project in Canada. Legacy drilling at the tenure returned several compelling uranium intercepts, including 2.1m at 4.37 per cent from 57m, indicating the surface results could be just the tip of the iceberg.

Valor Resources has identified two substantial new anomalies at its Ichucollo and Huancune targets from an induced polarisation survey across the company’s Picha copper and silver project in Peru. The explorer says the latest discoveries are coincident with significant surface copper mineralisation identified from channel sampling and combine with a previously identified anomaly for a strike length of more than 6km.

Valor Resources has extended the surface uranium mineralisation of its Surprise Creek project in Canada to a strike length of almost 400m after receiving results from field work conducted last month. The program completed in October revealed five targets with a maximum scintillometer reading of 65,535 counts per second whilst a number of additional areas tested showed results of more than 10,000 cps.

Valor Resources has successfully deployed radon-in-soil surveys at its Hidden Bay uranium project and identified priority targets located close to the historic Rabbit Lake mine in the Athabasca Basin, Canada. The surveys were designed to follow up on prospective targets previously identified by the company. The area of interest is situated close to the Athabasca unconformity with the potential for both basement-hosted and Athabasca sandstone-hosted uranium deposits.

Valor Resources has scooped up a suite of high-grade uranium rock chips that have extended the surface mineralisation of a key drill target to a strike length of around 500m at its Surprise Creek project in Canada. The program yielded six samples grading over 1 per cent uranium oxide with anomalous copper and was headlined by a specimen running 7.98 per cent.

Valor Resources has identified four priority drill targets for its 2023 field season at the company’s Cluff Lake uranium project in Canada in the world-class Athabasca Basin, home to many of the world’s richest uranium mines. The Perth-based explorer describes two of the project’s four prospects as walk-up drill targets and they have been prioritised for drill testing later this year.

ASX-listed Valor Resources has finalised a review of historical exploration results on its three recently staked mineral claims immediately west of its Canadian Surprise Creek uranium project and has delineated three new significant copper targets. The company says the area has had surprisingly minimal modern exploration in the last 40 years. The company’s new mineral claims cover an area of 44 square kilometres and were acquired in November 2022.

Valor Resources has racked up an enviable list of high-priority polymetallic prospects at its Picha and Charaque projects in Peru. The company has been toiling away in the rich Peruvian mountains proving up a clutch of new targets as it prepares to wheel the drill rig in for a maiden diamond drilling program across its prospective acreage.

ASX-listed Valor Resources has expanded its ground in the uranium rich Saskatchewan area in Canada, expanding its Surprise Creek tenure by 20 square kilometres. One of the new tenements comes with a historical showing of 1.2 per cent copper. Despite both new additions being highly prospective for uranium and copper, very little modern exploration has been completed since the 1980s.

Valor Resources has been given Peruvian Government approval to drill up to 120 drill holes across multiple targets at its Picha copper project. The company has been eager to get the drill bit spinning ever since rock chip samples returned up to 7.4 per cent copper and channel samples delivered 13.1m at 1.38 per cent copper and 24m grading 1.08 per cent at the porphyry copper-silver project. Detailed program planning is due to commence shortly.

Valor Resources has completed its second anniversary payment as part of a farm-in agreement in Canada, where it is aiming to take an 80 per cent stake in the Hook Lake uranium project. Valor’s expenditure has reached C$3.5 million (AU$3.9 million) over a three-year period as required by the deal and it is finalising cash and share commitments to complete its second earn-in milestone.

Valor Resources has staked three new mineral claims covering 6.41 square kilometres in Canada’s world-class Athabasca Basin – two of which cover the historical Beatty River heavy rare earths project. Management says previous explorers tabled assays of up to 8.75 per cent total rare earths oxide, with up to 1.15 per cent dysprosium from trenching and surface sampling.

ASX-listed Valor Resources has signed an earn-in agreement with global copper and gold producer Barrick Gold Corporation at its Charaque project in Peru. Under the deal, Barrick has a five-year option to acquire 70 per cent of the operation for a cash payment of $1.2 million. Valor says the agreement allows it to focus on the upcoming drill campaign at its flagship Picha copper project.

Valor Resources has entered into a binding agreement with Firetail Resources to offload an 80 per cent interest in its Peruvian copper assets for an upfront cash payment of $750,000 and 15 million shares in the junior explorer. The raised funds will be used to accelerate Valor’s uranium hunt in Canada’s world-class Athabasca Basin at a time of rising uranium prices and surging investor interest.

Newly-appointed Lithium Australia managing director Simon Linge has vowed to fast-track the company’s development as the Perth-based battery innovator moves to commercialise its patented technologies. Mr Linge has more than 25 years of global manufacturing, recycling and engineering services experience and as the company’s chief executive officer, contributed to the landmark development agreement signed earlier this month with mining heavyweight Mineral Resources.

While some companies slow down at the end of each year, Valor Resources spent December building its lithium and uranium portfolio and also added a cool $1 million to its coffers through a successful placement. The first move it made in the last month of 2023 was entering into an exclusive option agreement to pick up three lithium projects in the Canadian province of Ontario.

Valor Resources has secured the rights to acquire the 83-square-kilometre Frazer Lake lithium project in Canada’s Ontario province where pegmatite sampling has yielded 44m at 0.54 per cent lithium oxide. The company today revealed it had signed a definitive purchase option agreement to pick up Frazer Lake, which lies in the Thunder Bay region that has several significant lithium projects under development.

Valor Resources has secured an 80 per cent share of the highly-prospective Hook Lake uranium project in Canada, just two days after acquiring the 83sq-km Frazer Lake lithium play across the country in Ontario. Hook Lake is in the Athabasca Basin in northern Saskatchewan – a region that has become widely known as being the world’s leading producer of high-grade uranium.

Valor Resources has ticked off a second item from its targeted triad of lithium targets in Canada’s booming Thunder Bay area in Ontario after completing its acquisition of the Jesaulenko project. Valor’s 100 per cent acquisition of Jesaulenko comes just days after it also grabbed the nearby Frazer Lake lithium project and an 80 per cent share of the Hook Lake uranium play in Saskatchewan.

Valor Resources is set to kick off its hunt for uranium in Canada’s world-renowned Athabasca Basin using an airborne electromagnetic survey – a proven technique in identifying nearby deposits of the silvery-grey metal. Results from the survey at the Cluff Lake project are expected in the second half of this year and will guide a drilling program planned to begin in the September quarter.

Thunderbird Resources has launched a new high-tech survey sampling program as part of the latest uranium exploration campaign at its premier Hidden Bay project in the renowned Athabasca Basin in Canada. Taking advantage of the ideal Canadian summer conditions, the sampling program is understood to be able to detect blind uranium targets from depths of up to several hundred metres.

Thunderbird Resources has levelled its sole focus on its prospective portfolio of uranium projects in Canada’s world-class Athabasca Basin after turning its back on a pair of lithium projects in Ontario. Following a strategic review of its operations, the company is adamant it will get “more bang for its buck” by using its available financial and human resources across fewer projects.

Perth-based explorer Thunderbird Resources is beefing up its bank balance to the tune of $4.1 million ahead of a 2400m drilling blitz targeting high-grade uranium at its flagship Hidden Bay project in the globally-renowned Athabasca Basin in Canada. Fieldwork programs are already underway, with the company’s drill-testing of multiple targets at the operation expected to kick off in August.

Thunderbird Resources has confirmed it has settled on a drilling contractor as it prepares to launch into a new campaign next month at its Hidden Bay uranium project in northern Saskatchewan in Canada. The program at the operation that sits about 20km to the south-east of the prolific Rabbit Lake Mine, is expected to comprise five diamond drillholes for a total of about 2400m.

Thunderbird Resources has kicked off its maiden drilling campaign for uranium in Canada’s world-renowned Athabasca Basin. The initial 2400m program will test five high-priority basement-hosted targets at the company’s flagship Hidden Bay project. Hidden Bay sits within 40km of two of the Athabasca’s – and consequently the world’s – most successful uranium mines, Cigar Lake and Rabbit Lake.

Thunderbird Resources is homing in on evidence of uranium mineralisation after drilling significant hydrothermal alteration and detecting radioactivity at its Hidden Bay project in Canada’s prolific Athabasca Basin. The maiden four-hole drilling campaign was designed primarily to test possible basement-hosted uranium targets close to the Athabasca Basin unconformity and the company now believes it may be close to unveiling a uranium mineralising system.

Thunderbird Resources has revealed recordings of elevated radioactivity levels up to 597 counts per second using a downhole gamma probe in a maiden drilling campaign at its 100 per cent-owned Hidden Bay uranium project in Canada’s Athabasca Basin. The recordings came in the fifth and final drillhole of the program that bore through 1781m in the renowned region.

Thunderbird Resources is racking up the uranium targets at its Cluff Lake project in Canada’s world-class Athabasca Basin, with results from a detailed electromagnetic survey lighting up a suite of intriguing conductors that may have identified favourable geological settings for yellowcake mineralisation. Several targets sit along strike from the nearby Shea Creek deposits that collectively contain 95.85 million pounds at 1.3 per cent uranium oxide.

Thunderbird Resources has slipped into prime gold-antimony territory in NSW with its imminent acquisition of two exploration licences, one of which partly encloses Larvotto Resources’ Hillgrove project. Hillgrove hosts Australia’s largest antimony deposit, with a mineral resource of 7.3 million tonnes going 4.4g/t gold and 1.3 per cent antimony for about 1.04 million ounces of gold and 93,000 tonnes of antimony