Corona adds to Berenguela expansion hopes

VALOR Resources hopes to start drilling in May the Corona area near its Berenguela copper-silver deposit in southern Peru after new surface sampling results at the former indicated “Berenguela-style” mineralisation worth pursuing after the success it’s had at its main project over the past 12 months.

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Valor executive chairman Mark Sumner said the company was looking to permit five platforms for about 3,000m of reverse circulation drilling at Corona.

“Our aim will be to test the highest priority targets, generated by high grades at surface along with chargeability anomalies identified in the geophysical surveys,” he said.

“This will give us a sense of the thickness of mineralised intercepts and set up the next drilling program at Corona, which will be designed to establish a maiden JORC resource.”

Corona, 1500m south-west of Berenguela Central, had outcropping mineralisation “very similar to the surface outcrops previously identified at Berenguela Central”, Valor said in a market statement this week.

“We have always maintained that we have only scratched the...