The Valour project is a highly prospective grassroots property recently acquired by NeoTerrex, located in James Bay, Quebec.  The project has strong potential for base metals such as copper, zinc and/or PGE. The project can be accessed by truck via a network of logging roads or by helicopter.

Drilling conducted on a project 18km to the east within the same inferred lithological unit has yielded massive sulphide mineralization in silver and zinc (Bernière SW and Lac Yapuouichi).  This suggests that Valour’s geological setting is also concordant with VMS formation which can host base and precious metals.

There is a major regional fold axis located to the east which may serve as a structural conduit for hydrothermal fluids, a major ore forming process.  The residual vertical magnetic gradient supports this concept by demonstrating strong deviation from regional magnetic trends at the fold axis.  Also located at the fold hinge are historical electromagnetic anomalies.

The Valour project consists of 29 claims spanning 1,600 hectares located 230 kilometres north of the town of Val D’Or and 165 kilometres west of the town of Chibougamau, both major mining hubs of Quebec. The project can be accessed by pickup truck on gravel roads.  The project claims have a network of old but well constructed logging roads that will provide access to the majority of the claim block in the near future. There is a 735Kv Main Facility power line located 80km east of the project and a nearby community with an experience labour force.

Government data suggests that bedrock exposure is prevalent to the west and north of the project area while exposure along the conductors, and to the south and east of the project is limited, consisting of mafic volcanics. The Bernière SW and Lac Yapuouichi massive sulphide occurrences to the east of the claim block lie within the same lithological unit and occur within Amphibolite, Wacke and Tuffs suggesting a volcanic environment and hence favorable for sulphide mineralization.

Government geological mapping identifies the area as being a major unconformity, where two geological sub-provinces (Opatica and Abitibi) are in contact. Structural geology also indicates that the project lies atop the central axis of a major overturned fold, possibly dipping towards the northwest.

Historical work is limited to a 1984 government electro-magnetic airborne survey which discovered the original anomaly, an 18-kilometer ground electromagnetic survey (Max-Min) undertaken by Noranda exploration in 1985. The closest rock sample was taken by the government in 2006 approximately 1.5 kilometres east of the conductors (Sample 2006046709). It was identified as amphibolite and assayed anomalous values of copper (221 ppm) and vanadium (400ppm).

NeoTerrex will undertake an aerial Mag and TDEM survey over the area to determine the extent and strength of the conductors and locate them with greater precision. An initial drill program is under consideration.