Field work by Valor Resources in Peru. Credit: File Valor Resources says it is encouraged by results from ongoing geochemical and geophysical surveys in its hunt for Peruvian copper and silver at its Picha project after the company nailed a 1.2 kilometre by 2km open geophysical anomaly. It said the anomaly identified by the Induced Polarisation survey potentially represents a large porphyry copper system, which remains open to the south.
The survey is less than 70 per cent complete and more results are expected in the coming months.
Valor has also been running a geochemical surface sampling program that it completed last month. The company said the latest assay results have further extended the area of surface mineralisation at its Cumbre Coya, Maricate and Fundicion target areas.
Valor said geological mapping and interpretation has been completed across the entire Picha project area and showed several significant NNW trending structures that are partly […]
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