Valor Resources up 50% on striking uranium, silver, lead and rare earths in bumper Hook Lake update

Valor Resources up 50% on striking uranium, silver, lead and rare earths in bumper Hook Lake update

The assay results were taken from Valor’s recently completed on-ground field program at Hook Lake, a Canadian uranium project it holds a right to earn an 80% interest in. Valor Resources Ltd ( ASX:VAL ) shares are up 50% after returning several high-grade uranium, silver, lead and rare earth results from a field program at the Hook Lake Project in central Canada’s Athabasca Basin.

Sampling results included an outcrop of uranium mineralisation grading up to 59% triuranium oxide (U3O8), as well as rare earth materials with grades more than 5% total rare earth oxides (TREO).

The field program was part of a review across the entire Hook Lake Project, examining its rare earth and molybdenum potential.

Sampling results from the Hook Lake Zone S prospect included: 59.2% U3O8, 499 g/t silver, 5.05% TREO and 14.4% lead (float) with the TREO including 11,797ppm Nd2O3 + Pr6O11 and 1,825ppm Dy2O3; 57.4% U3O8, 507 g/t […]

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