Valor Resources Limited (Valor) advised that it has further expanded its 100%-owned Surprise Creek Uranium and Copper Project in northern Saskatchewan, Canada after acquiring two new claims covering an area of around 20km2 adjoining its existing ground- holding. The two new claims cover historical copper occurrences and favourable geology for Beaverlodge-style uranium mineralisation. Despite their prospectivity, there has been minimal exploration undertaken on this area since the 1980s.

A detailed review of the historical exploration data from the acquired claims is currently underway. This process will include a compilation, review and interpretation of all publicly available geological and geophysical datasets to prioritise areas for follow-up exploration. The Tazin Lake showing was discovered by Nitracell Canada in 1969 and is located on the southern shore of Tazin Lake.

The showing consists of a copper occurrence hosted in pegmatitic textured, red feldspathic gneiss present in lenses of pale pink biotite gneiss. A selected sample yielded 1.2% Cu.