Valor Resources Limited (“Valor” or the “Company”) is pleased to announce the results of rock chip samples taken from recently identified copper targets at the Company’s Picha Project in southern Peru. Samples were taken from two new targets which were first highlighted in the Company’s ASX announcement dated 31st March 2022 titled “Spectral study supports the porphyry potential at Picha Copper project”. Samples were also taken from the Huancune target where Valor intends to commence systematic on-ground exploration in 2022. The sample details and assay results are shown in Table 1 below.


  • Multiple new targets confirmed with rock chip assay results:
    • 3.95% Cu, 229g/t Ag and 3.06% Pb in channel sample at Huancune target
    • Three of four channel samples at Huancune return >1% Cu
    • 0.82% Cu, 47.7 Ag g/t in channel sample at new target (Pacojahua) 2km southwest of Huancune

Figure 1: Picha Project – Exploration Targets and Copper geochemical anomalies (potential mineralised corridor shown as red outline