Valor Resources Limited (“Valor” or the “Company”) is pleased to announce that it has applied for additional tenure in an area located approximately 30km northeast of the Picha Project. The eight new concessions cover an area of approximately 6,000 hectares or 60km2 . The new project, to be titled Charaque Project, lies along a regional northwest-southeast geological trend which encompasses several deposits, including the Arasi and Jessica Gold mines (owned by Aruntani), the El Cofre polymetallic mine (owned by CIEMSA), Barrick’s Austral-Challhuani gold project and other prospects and historical mine workings.


HIGHLIGHTS
  • New tenure applied for comprising around 6,000 hectares or 60km2 – Charaque Project
    • Located along a regional northwest-southeast geological trend hosting several deposits and prospects
    • Historical workings over an area 1km long, believed to have been mined some 500+ years ago
    • Located 30km to the northeast of the Picha Project