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 […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet