Valorem Resources is committed to increasing shareholder value by acquiring and developing, high quality precious and base metal projects in the Americas.
Valorem Resources’s vision is to balance financial and technical strengths to create a company with the maximum competitive advantage to make significant new precious and base metal discoveries.
Our philosophy is centered on obtaining assets that provide the appropriate mix of exploration potential, scale, and near term production.
We strive to be a leader in developing world class precious and base metal mining projects through the execution of our strategy and philosophy of finding, developing and owning the best assets and leveraging our resources to deliver the greatest returns all our stakeholders.
Valorem Resources is targeting Gold Projects in Quebec and Newfoundland. Our team of experts has over 40 years of experience in the finance and mineral exploration industry.
Tony Louie – Director
Mr Louie is currently CFO and director of Regal Resources. Prior to his appointment as CFO, Mr Louie consulted on many startups providing guidance on strategy, business vision and fund raising.
Mr Louie has over 25 years in the tech sector working in a variety of roles for AT&T, TELUS and Cisco Systems and was a consistent top performer. Mr Louie holds a Bachelor of Arts in Economics and a MBA from Simon Fraser University.
Derick Sinclair – CFO, Director
Mr. Sinclair has more than 25 years’ experience in accounting and financial management and is the owner manager of DR Financial services, an accounting practice focusing on providing services to small and medium-sized private and public companies.
Mr. Sinclair began his accounting career in 1982 as an auditor with KPMG in Vancouver. Mr. Sinclair joined BC Rail, Canada’s third largest railway, as a Treasury Analyst in 1985 and served as their Director of Fleet Management before accepting a position as CFO of their telecom subsidiary in 1996, where he remained until 2003. He is a CPA, CA and has a Bachelor’s Degree in Commerce from the University of Windsor.
The Black Dog Property (the “Property”) is located 150 km east of James Bay, Quebec, and 4 km south of the Opinaca hydroelectric reservoir on the Eastmain River. The Property comprises 19 adjacent mineral claims, covering 1,003 hectares and occurs within the ancient (Archean) Eastmain greenstone belt, between the Le Caron granitic batholith to the north, and the regionally large Mistumis batholith to the south.
As reported in the Quebec government’s mineral occurrence database (MERN), the property hosts the Black Dog gold showing, where four drill holes from the 1980s and 1990s intersected significant gold mineralization. The gold is hosted in a sulphide-chert iron formation horizon, as described on MERN and by Lavoie (2014) and older assessment reports. The best Black Dog gold intersections (Table 1) reportedly occur within sulphide +/- chert bearing iron formation that is both magnetic and conductive. According to reports filed with the Quebec government, the gold-bearing iron formation tested by the drill holes in Table 1 appears to extend more than 600 m on strike.
The Wing Pond Lake property, is in an earlier stage of exploration but is also showing potentially positive results. On December 17, 2020 Valorem signed a non-binding letter of intent (LOI) to acquire 100% interest in the Wing Pond Lake Property. It is located in the Gander zone of eastern Newfoundland. The property spans 7,000 hectares divided into 2 mineral license blocks. There have been samples taken from the location showing up to 12.2 g/t Au. Channel sampling around the pond has shown 9.8 g/t Au while channel sampling in the brecciated quartz veins within the Indian Bay-Big Pond formation shows 1.49 g/t Au. The materialization around the pond extends over 1km, and the property covers paleozoic metasediments. Extensive property staking in the area provide a regional exploration opportunity. Gold was found in the region in the nearby Queensway Discovery and Shawn Ryan location. Valorem has planned a field geophysics and sampling program. The estimated cost is $250,000.