Valor Resources Limited (ASX:VAL) is an exploration company focussed on creating shareholder value through acquisitions and exploration activities. The Company is focussed on two key projects as outlined below in Peru and Canada.
Valor’s 100% owned Peruvian subsidiary, Kiwanda SAC holds the rights to the Picha & Berenguela South Projects located in the Moquegua Department of Peru, 17km ENE of the Chucapaca (San Gabriel –Buenaventura) gold deposit.
They are two copper-silver exploration projects comprising fourteen granted mining concessions for a total of 6,900 hectares.
Valor is the 100% owner of Pitchblende, which holds the following interests: (a) right to earn an 80% working interest in the Hook Lake Uranium Project located 60km east of the Key Lake Uranium Mine in northern Saskatchewan. Covering 25,846 hectares, the 16 contiguous mineral claims host several prospective areas of uranium mineralisation; and (b) 100% equity interest in 18 contiguous mineral claims covering 60,296 hectares in northern Saskatchewan.
The property is located 7km east of the former-producing Cluff Lake Uranium Mine and much of the project area is located within the Carswell geological complex that hosts the Cluff Lake Mine.