Company
ASX:VAL
Valiant Gold is an emerging Western Australian gold company focused on unlocking value from proven Murchison assets. Spun out of Westgold Resources, the company holds 100% of the Reedy and Comet gold projects - brownfields operations with historical production of over 1Moz and a combined 1.2Moz* Mineral Resource.
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On-ground follow-up work by Dahrouge Geological Consulting Ltd has started and is focused on validating and developing the geological understanding of the historic uranium occurrences.
This takes the company’s consolidated position in the prolific Athabasca Basin to 98,600 hectares or 986 square kilometres in five projects with the other four acquired through direct staking.
The geophysical data from the survey has confirmed extensive and complex structural trends across the property that could indicate structural and lithological traps for uranium mineralisation.
Following completion of the Pendleton Lake acquisition, Valor’s total landholding in the Athabasca Basin will increase to 98,600 hectares or 986 square kilometres.
Applications have been submitted for an additional 14 mining concessions and it has executed an option agreement for two more mining concessions.
Field evidence indicates that the Picha mineralisation is similar to other copper‐silver stratabound deposits in Peru and Chile.
The company expects to release the results of exploration sampling at the copper-silver project in Peru.
The consultant engaged by the company will start collecting geochemical samples of the area to validate the results of exploration done by the previous owner.
The company said desktop studies, including the review of historical data, would also be undertaken on the Peruvian copper projects and the Canadian uranium projects.
Data from the survey will assist with the preparation of a follow-up ground-based program to identify new targets.
The special crossing sale of the 8.73% stake has been strongly supported by Valor’s existing shareholders with the company’s broker, directors and existing shareholders participating.
The special crossing sale of the 8.73% stake has been strongly supported by Valor’s existing shareholders with the company’s broker, directors and existing shareholders participating.
The company has a received cash refund of US$39,745 (A$50,955) to date with a further cheque refund of US$184,279 (A$236,256) expected to be banked in the coming days.
TerraLogic is finalising airborne geophysical survey technical parameters over the Hook Lake project and initiating the tender process.
The company recently acquired two uranium projects in the Athabasca Basin of Saskatchewan, Canada, which produces more than 20% of the world’s primary uranium supply.
The company has acquired two uranium projects in the Athabasca Basin of Saskatchewan, Canada, which produces more than 20% of the world’s primary uranium supply.
The suspension of trading in the securities of Valor has been lifted following the signing of the new joint venture option agreement.
The company is developing the Berenguela Copper-Silver-Manganese Project in Peru.
This is yet another sign of ongoing support for Valor from its largest shareholder SSR Mining Ltd.
Completion of pre-feasibility study and project costing and economics expected in the third quarter of calendar year 2019.
