An investment casting is also called a "lost wax" casting and made entirely differently than a sand casting. It is also near net shape and has greater accuracy so minimal machining generally has to be done especially compared to a sand casting. There is generally a big difference in appearance where an investment casting is much smoother with greater detail and definition than a sand casting.
Blow holes have much larger definition or size than gas holes or general gas porosity. If you have leakage at hydro-testing after machining then you most probably have shrinkage defects. Isolated blows, gas or inclusions are lesser causes of through porosity than sponge or dendritic (linear)shrinkage. Blows are generally always visible on the surface. The foundry should probably change their gating system to better riser the area.
What size valve body? What material? Can you take a picture of the defect and post?
Investment casting would give you a better surface finish and dimensional accuracy than sand casting.
In investment casting, the pattern is made by injecting liquid wax (or similar materials) into a metal mold in the shape of the pattern. Several such patterns are attached together to make a "tree". This "tree" is dipped in a refractory slurry repeatedly, which forms a skin around the pattern accordingly. After this the entire tree is placed in an oven until the wax has melted away. You get a mold of the required shape. Several of these are attached to a common sprue (or similar gating system), and molten metal is poured into it. When the metal solidifies, the mold is hammered, and the casting is removed.
Whereas:
In sand casting, the mold is made usually with moist sand and baked until adequate strength is achieved. Impressions of the pattern are obtained in the mold sand by rapping it around the pattern (in the cope and drag). Cope (upper half of mold box) is also provided with a pouring basin, risers and vents. Molten metal is poured into the pouring basin -> sprue -> runner -> gates -> mold cavity. Cope and drag are separated, and the solidified casting is withdrawn.
You can minimize the chances of blow-holes by using certain die-casting methods.
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