05:33 PM EDT, 10/15/2024 (MT Newswires) -- ValOre Metals ( KVLQF ) after trade Tuesday released assay results from auger and rock samples taken from the Boa Vista target at its Pedra Branca Platinum Group Elements Project in northeastern Brazil.

The platinum-group element (PGE) mineralization from the Boa Vista target includes many high-grade rock samples and the best auger hole ever drilled on the Pedra Branca property, the company's Vice President of Exploration Thiago Diniz said.

"Follow-up mapping and Trado drilling is planned as part of a broader exploration program, utilizing the VRIFY AI tool, to be focused on potential targets along the 20-kilometer-long Boa Vista-Synform trend" Diniz added.

ValOre's Pedra Branca PGE Project includes 45 exploration licenses covering 51,096 hectares in northeastern Brazil, according to the statement.

The company's shares closed up $0.015 to $0.09 on the TSX Venture Exchange.