Kore Mining Ltd.

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KORE offers exposure to precious metals exploration and development in North America. KORE owns 100% interests in the Imperial and Long Valley gold development projects, located in California, USA and the FG Gold and Gold Creek exploration projects, located in the Cariboo region of British Columb...

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Kore Mining Ltd.

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KORE offers exposure to precious metals exploration and development in North America. KORE owns 100% interests in the......

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8020 Admin

14 days ago

8020 Admin posted a press release KORE Commences Drilling for High-Grade Gold Structures at the FG Gold Project in BC in KORE MINING LTD.

VANCOUVER, Feb. 20, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce that a diamond drilling program has commenced at its 100% owned FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. A minimum 2,000 meter drilling program is designed to test near-surface high-grade targets down structure from past drilling.  The  drilling contractor is currently mobilizing to site and we expect the drill rig should be turning within the week.


KORE CEO Scott Trebilcock stated, "KORE is investing in exploration across our gold portfolio and we are excited to commence drilling at FG Gold." Mr. Trebilcock continued, "We are testing structural controls of high-grade mineralization in the current gold resource, whereas previous drilling only focused on bulk disseminated gold.  If successful, the program will open the deposit in a large host rock mass at depth and generate an exploration model for the under-explored 20-kilometer trend."


Why Drill FG Gold Project?



  • 100% owned large property in prolific gold-copper belt in Cariboo region of BC

  • Past orogenic gold resource and porphyry mineralization

  • Re-interpretation of the deposit indicates structural control of higher grades

  • Shallow previous drilling leaves host rock un-tested at depth

  • 20-kilometer gold trend only partially explored

  • Low elevation and road accessible for low-cost exploration


 


The drill program announced today will define and delineate structural controls on existing higher-grade gold mineralization and target new higher-grade zones at depth.  To understand the structure, the team will use larger (HQ) diameter, oriented core with KORE's geologists logging and interpreting the core contemporaneously with drilling. Contemporaneous logging creates the opportunity to target mineralized structures in real-time and maximize the value of each hole.  We expect to see results by early March with assays to follow in due course.


The FG Gold project consists of 35 claims, totaling 13,008 ha, in the eastern Cariboo region of central British Columbia, approximately 100 km east of Williams Lake. The project is at low elevation and accessible by forestry roads.  FG Gold hosts an orogenic gold deposit on the northeast limb of the Eureka syncline.  The southwest limb and hinge zone are underexplored.  The Project also hosts copper-gold porphyry mineralization at the Nova Zone, discovered by KORE in 2018.  Figure 1 highlights the 20km trend of host rock expression at surface.


The 20-kilometer trend is defined by gold in soils and geophysics that traces the mineralized rock group around the regional syncline.  The Project has only been shallowly drilled where the mineralized rock group comes to surface. Past drilling averages only 93 meters deep into a steeply plunging sedimentary host rock.  Mineralization is open at depth and along almost the entire trend.  Figure 2 is a regional cross-section that shows the host rock potential at depth and potential connection to the Project's porphyritic intrusion.


Drilling at the FG Gold Project consists of 402 bore holes for 49,691 metres generating a current Measured and Indicated resource of 376,000 ounces at 0.776 g/t gold and an Inferred resource of 634,900 ounces at 0.718 g/t of gold (both using a 0.5 g/t cut-off)1.  A vast majority of the drilling was reverse circulation ("RC") and narrow diameter core that was focused on defining a bulk disseminated gold deposit.  Figure 3 shows a plan map of the deposit with gold-in-soils and previous drill traces.


The previous drilling targeted stratigraphic controls on mineralization and did not penetrate into the bulk of the host-rock structure. Drilling was largely done with RC and narrow core to generate shallow bulk-disseminated gold intercept models.  Within the current resource there appear to be mineralized corridors or chutes that are open at depth in the host rock.  See Figure 4 for a local cross-section that shows the untested rock mass and current resource interpretation.


Regional Geology


The FG Gold property straddles the boundary between the Omineca and Intermontane tectonics belts of the Canadian Cordillera. The eastward emplacement of the Intermontane Belt onto the Omineca Belt along the Eureka Thrust Fault caused widespread regional metamorphism and structural deformation of both Belts. The regional scale, northwest trending, shallowly plunging, Eureka Syncline is the dominant resulting structure in the project area. Rocks in the core of the Eureka Syncline are comprised of basalt, augite porphyry flows, tuffs and volcanic breccias metamorphosed to a low grade; they are structurally emplaced onto metavolcanic and sedimentary rocks of the Quesnel Terrane (see Figure 1). The Quesnel Terrane is recognized for its prevalence of copper, gold and molybdenum mines and showings such as those at Highland Valley, Boss Mountain, QR and Mount Polley.


Property Geology


The FG Gold property is centrally located over the Eureka Syncline, strategically encompassing two limbs and the hinge zone of a gold-bearing meta-sedimentary rock unit of the Quesnel Terrane. The gold-bearing rock, a 'knotted' phyllite, is the host rock for gold mineralization over the 3 km strike length of the Resource Area (see Figure 1). Surface mapping and geophysical inversion of airborne electromagnetic (EM) data suggests the knotted phyllite has a strike length of over 20 km with potentially thickened regions occurring in the Eureka Syncline hinge zone (see Figure 2).


Gold mineralization occurs in and is associated with development of quartz – Fe carbonate – muscovite – pyrite vein stockwork. The stockwork is best developed in the knotted phyllite unit. Stockwork zones locally concentrate in zones greater than 10 meters wide and are dominantly stratabound. Fe-carbonate alteration and carbonate porphyroblasts development within the knotted phyllite unit is observed to extend well outside immediate areas of veining.


About the FG Gold Project


KORE's 100% owned FG Gold property is located in the Cariboo Mining Division of British Columbia, Canada. The FG Gold project hosts the Main Zone orogenic gold deposit on the northeast limb of the under-explored Eureka syncline.   The deposit was subject to extensive historic shallow drilling for bulk disseminated gold mineralization but has never been drilled at depth for structurally controlled mineralization.  The southwest limb of the deposit remains underexplored.  In addition, porphyry mineralization was discovered by KORE in 2018 at the Nova Zone.


1. More information on the FG Gold Project and resource is available in the NI43-101 Technical Report, Frasergold Exploration Project, Cariboo Mining Division, BC" dated July 20, 2015 by K.V. Campbell of ERSi Earth Resource Surveys Inc. and G.H. Giroux of Giroux Consultants Ltd. technical report ("2015 Technical Report") filed on www.sedar.com and on KORE's website at www.koremining.com.


A summary of the current resource at the FG Gold project from the 2015 Technical Report is as follows:


Read more here: https://quotemedia.com/portal/quote?qm_symbol=KORE%3ACC&qmodStoryID=4951800724704253 

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8020 Admin

1 month ago

8020 Admin posted a press release KORE Mining Generates Resource Expansion Drill Targets for Long Valley Gold Project in KORE MINING LTD.


VANCOUVER, Jan. 30, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce results from H2 2019 exploration programs at the Long Valley gold project ("Long Valley" or "Project") that defined a new exploration strategy for both oxides and sulphides and generated high priority drill targets.


Highlights



  • Tested new exploration strategy, opening potential for resource expansion and new discoveries

  • Generated data-driven, high priority oxide gold drill targets

  • Defined clear targets for drilling sulphide "feeder" structures


 


Next Steps (H1 2020)



  • Apply new exploration strategy to remainder of current deposit (Q1 2020)


    • Complete ground geophysics on northern half of deposit (underway)

    • Complete re-logging and multi-element analysis of historic drilling


  • Develop drill program for highest priority targets and commence permitting (late Q1 2020)


 


Scott Trebilcock, President and CEO of KORE, stated, "Long Valley is a large, intact epithermal gold deposit historically drilled for near surface oxide gold, leaving the underlying sulphides un-tested."  Mr. Trebilcock continued, "KORE's exploration team developed a new exploration strategy for both oxides and sulphides and looks forward to testing the highest priority targets."


In H2 2019, the KORE exploration team re-logged 232 of 896 drill holes, conducted geological mapping, and collected rock and soil samples.  The team also conducted two lines of ground induced polarization ("IP") and magnetic geophysics coinciding with drill holes that were re-logged and soil sampling lines.  The objective of the work was to prove up a new exploration strategy, testing it against known mineralization and generate drill targets.   Figure 1 shows the location of the IP geophysics surveys and cross sections.


Figure 2, Cross-Section 250 attached to this release, shows the current oxide mineralized area as a chargeability low.  Immediately below the current oxide mineralization is a resistivity high, thought to be a feeder structure for the mineralization. Using this model, there are four new near surface oxide targets outlined by chargeability lows and two sulphide feeder structures, outlined by resistivity highs. Near surface oxide targets are coincident with anomalous gold in soil sampling. 


Figure 3, Cross-Section 600 is available on KORE's website by clicking here.  The cross-section again shows current oxide mineralization as a chargeability low that is above a resistivity high, thought to be a feeder structure for the mineralization. There appear to be four near surface oxide targets outlined by chargeability lows and three sulphide feeder zone targets, outlined by resistivity highs. Near surface oxide targets are coincident with anomalous gold in soils and rock outcrop sampling.   


Figure 4 and 5, Soil Geochemistry and Rock Geochemistry Maps is available on KORE's website by clicking here.  Anomalous gold in soils, gold in rocks, and mapped alteration of surface outcrop, significantly expand the exploration footprint of the deposit, well beyond the current limits of drilling, creating numerous potential areas for oxide gold mineralization expansion. The on-going additional ground geophysics lines will enhance the oxide targeting and potential for more sulphide feeder zone targets.


About Long Valley Gold Project


Long Valley is a 100% owned epithermal gold project located in Mono County, California. Within the Project, is the Long Valley deposit, an intact epithermal gold deposit ("Deposit") with a large 2.5 by 2 kilometer oxide gold footprint.  A total of 896 holes have been drilled on the Project, the majority being completed by reverse circulation with lesser core, rotary and air track. Figure 1 shows the claims, drill collar locations and mineralized area. 


The current mineral resource estimate is 1,247,000 ounces of Indicated gold and 486,000 ounces of Inferred gold from 66.8 million tonnes of 0.58 grams per tonne and 23.6 million tonnes of 0.65 grams per tonne, respectively.  The mineral resource consists of oxide, transition and sulphides.  The estimate was prepared Neil Prenn, P.E., and Steven Weiss, C.P.G. of Mine Development Associates with an effective date of November 15, 2019.  More information is available in the technical report filed on www.sedar.com and on KORE's website at www.koremining.com.


The Long Valley deposit is an intact low sulphidation epithermal gold/silver deposit, hosted within a melange of fine to coarse volcanogenic sedimentary lithologies.  Mineralization at the Long Valley deposit has developed due to a combination of deep-rooted fault structures and a resurgence of rhyolite within an active caldera.  The Hilton Creek Fault structure transects and served as a fluid conduit for interaction with the underlying hydrothermal system, while the rhyolite resurgence caused brittle fracturing of sediments and created voids or traps for mineralization and gold deposition.  The combination of these factors yields strongly altered kaolin and quartz-hematite zones that are the primary host for gold mineralization.


Detailed Results and Conclusions


Historic drill core re-logging included multi-element analysis by XRF and short-wave infrared ("SWIR") spectroscopy. The analyses enable data-driven determination of the mineralized and un-mineralized alteration mineral assemblages.   Key observations from core re-logging:



  • Hilton Creek Zone appears partially oxidized to the base of drilling opening potential for further oxides at depth;

  • South Zone has numerous open prospective areas at depth and between drill holes; and

  • SWIR mineral analysis concluded that Dickite and Illite were the key mineralization-related alteration minerals and can be used to target exploration.


 


Key observations from bedrock mapping, rock and soil sampling:



  • Spatial relationship between intense kaolin and quartz-hematite alteration zones at the unconformity contact between the rhyolite and volcaniclastic sedimentary rock

  • Anomalous gold in rock and soil samples occurs along traces of the Hilton Creek Fault in areas that have not been drill tested, representing important targets within the claim group


 


Field and drilling observations point to a mineralization model controlled by:



  1. Positioning of deep-rooted fault or "feeder" structures;

  2. Well-developed alteration and fracture network at the rhyolite dome front; and

  3. Stratigraphy permissible to quench and trap hydrothermal fluid (i.e. sandstone/tuff).


 


An implication of deep-rooted fault systems in low sulphidation epithermal systems is that mineralization can occur at all levels between the magmatic source and the surface. Low sulphidation epithermal systems typically form distal to magmatic sources when compared to other epithermal system types. Presuming a structural or lithological 'trap' were present at lower levels in the stratigraphy closer to the magmatic source; it is theorized that sulphide-type mineralization could be present at depth along and adjacent to faults.


Key observations from ground (IP) geophysics:



  • High resistivity anomalies correspond with the Hilton Creek Fault and relatively high grade gold mineralization;

  • Low chargeability anomalies correlate directly with the known gold-oxide zone; and

  • High chargeability anomalies occur marginal to the Hilton Creek Fault.


 


In general, resistivity delineates the fault system and chargeability differentiates oxide vs. sulphide mineralization potential at depth. This geophysical 'fingerprint' of the deposit has resulted in promising new prospective zones for oxide and sulphide mineralization types. The new geological model of exploration coupled with results from geophysics, bedrock mapping and soil and rock geochemistry has generated data-driven, drill-ready targets supported by all four data sets (see Figures 1-5).


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of the basic shares outstanding.  Further information on KORE and its assets can be found on the Company's website at www.koremining.com and at www.sedar.com, or by contacting us as info@koremining.com or by telephone at (888) 407-5450.


On behalf of KORE Mining Ltd
"Scott Trebilcock"
Chief Executive Officer
(888) 407-5450


Technical information with respect to Long Valley deposit and project contained in this news release has been reviewed and approved by David S. Smith, CPG, who is KORE's designated independent qualified person for the purposes of this news release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any KORE common shares in the United States.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements.  Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information.  For further information on the Company's Long Valley Project, please see the Company's NI 43-101 Technical Report dated November 15, 2019, entitled "Amended Technical Report and Resource Estimate for the Long Valley Project, Mono County, California, USA" filed on the Company's website and also available under the Company's issuer profile on www.sedar.com.


Such factors include, among others: risks related to exploration and development activities at the Company's projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to mining operations and the hazards and risks normally encountered in the exploration, development and production of minerals, such as unusual and unexpected geological formations, rock falls, seismic activity, flooding and other conditions involved in the extraction and removal of materials; uncertainties regarding regulatory matters, including obtaining permits and complying with laws and regulations governing exploration, development, production, taxes, labour standards, occupational health, waste disposal, toxic substances, land use, environmental protection, site safety and other matters, and the potential for existing laws and regulations to be amended or more stringently implemented by the relevant authorities; uncertainties regarding estimating mineral resources, which estimates may require revision (either up or down) based on actual production experience; risks relating to fluctuating metals prices and the ability to operate the Company's projects at a profit in the event of declining metals prices and the need to reassess feasibility of a particular project that estimated resources will be recovered or that they will be recovered at the rates estimated; risks related to title to the Company's properties, including the risk that the Company's title may be challenged or impugned by third parties; the ability of the Company to access necessary resources, including mining equipment and crews, on a timely basis and at reasonable cost; competition within the mining industry for the discovery and acquisition of properties from other mining companies, many of which have greater financial, technical and other resources than the Company, for, among other things, the acquisition of mineral claims, leases and other mineral interests as well as for the recruitment and retention of qualified employees and other personnel; access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company's properties; and risks related to the stage of the Company's development, including risks relating to limited financial resources, limited availability of additional financing and potential dilution to existing shareholders; reliance on its management and key personnel; inability to obtain adequate or any insurance;  exposure to litigation or similar claims; currently unprofitable operations; risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest. 


In addition to the above summary, additional risks and uncertainties are described in the "Risks" section of the Company's management discussion and analysis for the interim period ended September 30, 2019 prepared as of November 28, 2019 available under the Company's issuer profile on www.sedar.com.


Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. 


There is no certainty that all or any part of the mineral resource will be converted into mineral reserve. It is uncertain if further exploration will allow improving the classification of the Indicated or Inferred mineral resource.  Mineral resources are not mineral reserves and do not have demonstrated economic viability.



Figure 1 – Plan with Geology and Section Locations (CNW Group/Kore Mining)




Figure 2 – Section 250 with Oxide and Sulphide Feeder Structure Targets (CNW Group/Kore Mining)



 A full set of high-resolution Figures including both sections, rock and soil sampling are available on KORE's website here (or copy and paste this into your browser: https://www.koremining.com/exploration-highlights).


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/kore-mining-generates-resource-expansion-drill-targets-for-long-valley-gold-project-300996007.html


SOURCE Kore Mining



 


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/30/c6857.html



Further information on KORE and its assets can be found on the Company's website at www.koremining.com and at www.sedar.com, or by contacting us as info@koremining.com or by telephone at (888) 407-5450

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8020 Admin

2 months ago

8020 Admin posted a press release KORE Mining Commences Preliminary Economic Assessment of Imperial Oxide Gold Deposit in KORE MINING LTD.


VANCOUVER, Jan. 13, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce that it has commenced preparation of a Preliminary Economic Assessment ("PEA") of the Imperial oxide gold deposit ("Deposit" or "Imperial"). 


Highlights



  • PEA results expected by early Q2 2020

  • Simple run-of-mine heap leaching (no crushing)


 


KORE's COO, Marc Leduc, commented, "Imperial is a rare, unmined, at surface oxide gold deposit amenable to simple run-of-mine heap leaching.  I have worked closely with and have great confidence in the team KORE has selected to complete Imperial's preliminary economic assessment.  Imperial will be engineered to the highest standards with full compliance to California's high standards of environmental regulation and site reclamation."


KORE has engaged Global Resource Engineering (Denver) ("GRE") to lead development of a PEA of Imperial with heap leach design from Geo-Logic (Grass Valley, California).  GRE offers a wide spectrum of services including geotechnical analysis, mine design, heap leach engineering and tailings facility design. GRE completed a site visit to formally kick-off the PEA project January 9, 2020 and has been working on mine design for the last several months.


KORE anticipates completion of the PEA by early Q2 2020.  The engineering work completed for the PEA will also be used to complete a new Plan of Operations which is a key document to re-start the permitting process for Imperial.


About Imperial Deposit


The current gold mineral resource estimate for Imperial is 877,000 ounces of indicated and 1,336,000 ounces of inferred from 45.7 million tonnes of 0.59 grams per tonne and 90.9 million tonnes of 0.46 grams per tonne, respectively.   The mineral resource estimate was prepared by SRK Consulting (Canada) Inc with an effective date of December 30, 2019.  This resource estimate will be basis for the PEA.  Further details on the mineral resource estimate are available in the December 30, 2019 news release or in the technical report available at www.koremining.com and www.sedar.com.


Imperial is a structurally controlled intermediate epithermal gold deposit. The oxide gold Deposit is currently 2.44 kilometers long, up to 0.75 kilometers wide and is open both along strike and downdip.  More details on the deposit geology and exploration potential can be found in KORE's January 7, 2020 news release.


KORE controls the 28 km Mesquite-Picacho exploration district, including 1,005 claims staked in September 2019, between Mesquite-Picacho trend that runs through Imperial.  This trend remains underexplored and open to new oxide discoveries– see KORE's January 7, 2020 and September 12, 2019 news releases. 


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of the basic shares outstanding.


On behalf of KORE Mining Ltd
"Scott Trebilcock"
Chief Executive Officer
(888) 407-5450


Technical information with respect to Imperial deposit and project contained in this news release has been reviewed and approved by Marc Leduc, P.Eng., who is a qualified person for the purposes of this news release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any KORE common shares in the United States.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements.  Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information.  For further information on the Company's Imperial Project, please see the Company's NI 43-101 Technical Report dated December 30, 2019, entitled "Technical Report for the Imperial Gold Project, California, USA" filed on the Company's website and also available under the Company's issuer profile on www.sedar.com.


Such factors include, among others: risks related to exploration and development activities at the Company's projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to mining operations and the hazards and risks normally encountered in the exploration, development and production of minerals, uncertainties regarding estimating mineral resources, which estimates may require revision (either up or down) based on actual production experience; risks relating to fluctuating metals prices and the ability to operate the Company's projects at a profit in the event of declining metals prices and the need to reassess feasibility of a particular project that estimated resources will be recovered or that they will be recovered at the rates estimated; risks related to title to the Company's properties, the ability of the Company to access necessary resources, access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company's properties; and risks related to the stage of the Company's development, risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest. 


In addition to the above summary, additional risks and uncertainties are described in the "Risks" section of the Company's management discussion and analysis for the interim period ended September 30, 2019 prepared as of November 28, 2019 available under the Company's issuer profile on www.sedar.com.


Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. 


There is no certainty that all or any part of the mineral resource will be converted into mineral reserve. It is uncertain if further exploration will allow improving the classification of the Indicated or Inferred mineral resource.  Mineral resources are not mineral reserves and do not have demonstrated economic viability.


View original content:http://www.prnewswire.com/news-releases/kore-mining-commences-preliminary-economic-assessment-of-imperial-oxide-gold-deposit-300985716.html


SOURCE Kore Mining


View original content: http://www.newswire.ca/en/releases/archive/January2020/13/c4622.html



Further information on KORE and its assets can be found on the Company's website at www.koremining.com  and at www.sedar.com , or by contacting us at info@koremining.com  or by telephone at (888) 407-5450

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8020 Admin

2 months ago

8020 Admin posted a press release KORE Generates Drill Targets for Imperial Resource Expansion and Commences District Exploration in KORE MINING LTD.


VANCOUVER, Jan. 7, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce results from Q4 2019 initial exploration program, including ground geophysics at the Imperial gold project ("Imperial" or "Project"). 


Highlights



  • Confirmed targets close to current resource indicating resource is open for expansion:


    • Down-dip from West, East, and Singer zones

    • Between East and West zones (Expanded Singer)


  • Large open-ended chargeability anomaly under current mineralization and extending along-strike 1.5 km west and 1 km east opens potential to further expanding mineralization

  • Strong ground geophysical signature over known mineralization enhances ability to find new deposits in the under-explored Mesquite-Picacho district


Next Steps (Q1 2020)



  • Follow-up ground geophysics by infilling current survey and extending along strike;

  • Scope and permit Phase 1 drilling program to test highest priority targets; and

  • Commence regional exploration with geophysics and field sampling / mapping.


Scott Trebilcock, President and CEO of KORE, stated, "While the purpose of the ground geophysics was to define deposit signatures for regional exploration, we were pleased by the strong alignment to the known resource and the revealing of undrilled resource expansion targets."  Mr. Trebilcock continued, "We are immediately commencing additional work on both resource expansion and regional exploration."


KORE COO, Marc Leduc commented, "The large chargeability high under Imperial was unexpected and opens up a whole new scale of opportunity for the Imperial deposit.  One potential interpretation is that the anomaly is the sulphide roots of the current oxide deposit.   Several large Nevada deposits, including Goldstrike, also started as small, oxide mines."


KORE staked the Mesquite-Picacho district ("District") in September 2019, controlling 26,323 acres over a 28 kilometer trend.   The three District deposits (Mesquite-Imperial-Picacho) were discovered in exposed outcrops and from placer workings.  The rest of the District is covered by alluvium and has never been systematically explored.  Having the intact Imperial deposit to "tune" or "fingerprint" geophysical signatures, greatly enhances the ability to explore under the alluvium and potentially make new discoveries along the trend. Figure 1 in the maps and sections linked to this news release shows the Imperial deposit in relation to the rest of the District.


Q4 2019 Work Programs


In Q4 2019, the KORE exploration team built an electronic exploration database of drill collars, lithology, and grade intervals and executed a 12-day ground geophysical survey over the known Imperial deposit and along strike.  The programs generated resource expansion drill targets and "tuned" ground geophysics to commence exploration of the new Mesquite-Picacho claims staked in September 2019.


Ground geophysics consisted of 15.6 line kilometers of induced polarization and 22.0 line kilometers of ground magnetometer surveys. Figure 2 of the maps and sections linked to this news release shows the location of the induced polarization and magnetic surveys conducted during Phase 1 geophysical activities.


Results and Conclusions


Strong ground geophysical signature of the intact Imperial deposit enhances ability to find new deposits in the Mesquite-Picacho district.  Figure 4 is a plan view of the induced polarization survey results in relation to drill collars and mineralized envelope of the Imperial deposit. Figure 3 is a plan view of the magnetic survey results in relation to drill collars and mineralized envelope of the Imperial deposit.  Both show a strong correlation to Imperial mineralization.


The Q4 2019 ground geophysics combined with past drilling, highlighted several areas for potential expansion of the current resource: down-dip from West, East, and Singer zones and between East and West zones (Expanded Singer).  Historic drilling was either terminated before anomalies or the down-dip and strike extension areas were not drilled.  The conceptual targets are described as arrows on Figure 3.


The ground geophysics also highlighted a new large open-ended chargeability anomaly under current mineralization which extends along-strike 1.5 kilometers west and 1 kilometer east.   The anomaly can be seen clearly in Figure 5.   The anomaly increases in intensity to the west.  No historic drilling penetrated into this anomaly as there is a conglomerate unit underlying the deposit in which drilling was terminated.


A full set of high-resolution Figures including sections of all seven ground geophysics lines are available on KORE's website here (or copy and paste this into your browser: https://www.koremining.com/s/nr20200107-supplement-imperial-geophysics-exploration-update-final.pdf).


Follow Up Program Details (Q1 2020)


Imperial Resource Expansion



  • Follow-up ground geophysics infilling the current survey and extending the survey along strike; and

  • Scope Phase 1 drilling program to test highest priority targets and initiate permitting of the drilling program.


Imperial District Exploration



  • Conduct airborne magnetic geophysics over the Imperial Mesquite-Picacho District using tuned signatures;

  • Conduct ground geophysics on highest priority targets looking for new Imperial-type signatures; and

  • Conduct surface reconnaissance consisting of soil/rock sampling to follow-up anomalies.


About Imperial Deposit


Imperial is a structurally controlled intermediate epithermal gold deposit. The oxide gold deposit is currently defined at 2.44 kilometer long and up to 0.75 kilometer wide and is open both along strike and downdip. It is hosted in a shallowly southwest dipping, amphibolite grade metamorphic rock suite along a west-northwest trending low-angle regional thrust fault system. The thrust fault system controls the regional geometry of mineralization. East-west striking, post-mineralization normal faults control the property scale geometry of mineralization. Geophysical characterization of the deposit and regional controlling structures is an essential component of exploration for additional resources.


The footprint of the current Imperial mineralization is about 500 acres, less than 2% of the 26,323 acre Mesquite-Picacho District controlled by KORE.


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of the basic shares outstanding.


On behalf of KORE Mining Ltd
"Scott Trebilcock"
Chief Executive Officer
(888) 407-5450


Technical information with respect to Imperial deposit and project contained in this news release has been reviewed and approved by David S. Smith, CPG, who is KORE's designated independent qualified person for the purposes of this news release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any KORE common shares in the United States.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information


This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements.  Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. For further information on the Company's Imperial Project, please see the Company's NI 43-101 Technical Report dated December 30, 2019, entitled "Technical Report for the Imperial Gold Project, California, USA" filed on the Company's website and also available under the Company's issuer profile on www.sedar.com.


Such factors include, among others: risks related to exploration and development activities at the Company's projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to mining operations and the hazards and risks normally encountered in the exploration, development and production of minerals, such as unusual and unexpected geological formations, rock falls, seismic activity, flooding and other conditions involved in the extraction and removal of materials; uncertainties regarding regulatory matters, including obtaining permits and complying with laws and regulations governing exploration, development, production, taxes, labour standards, occupational health, waste disposal, toxic substances, land use, environmental protection, site safety and other matters, and the potential for existing laws and regulations to be amended or more stringently implemented by the relevant authorities; uncertainties regarding estimating mineral resources, which estimates may require revision (either up or down) based on actual production experience; risks relating to fluctuating metals prices and the ability to operate the Company's projects at a profit in the event of declining metals prices and the need to reassess feasibility of a particular project that estimated resources will be recovered or that they will be recovered at the rates estimated; risks related to title to the Company's properties, including the risk that the Company's title may be challenged or impugned by third parties; the ability of the Company to access necessary resources, including mining equipment and crews, on a timely basis and at reasonable cost; competition within the mining industry for the discovery and acquisition of properties from other mining companies, many of which have greater financial, technical and other resources than the Company, for, among other things, the acquisition of mineral claims, leases and other mineral interests as well as for the recruitment and retention of qualified employees and other personnel; access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company's properties; and risks related to the stage of the Company's development, including risks relating to limited financial resources, limited availability of additional financing and potential dilution to existing shareholders; reliance on its management and key personnel; inability to obtain adequate or any insurance;  exposure to litigation or similar claims; currently unprofitable operations; risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest. 


In addition to the above summary, additional risks and uncertainties are described in the "Risks" section of the Company's management discussion and analysis for the interim period ended September 30, 2019 prepared as of November 28, 2019 available under the Company's issuer profile on www.sedar.com.


Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. 


There is no certainty that all or any part of the mineral resource will be converted into mineral reserve. It is uncertain if further exploration will allow improving the classification of the Indicated or Inferred mineral resource.  Mineral resources are not mineral reserves and do not have demonstrated economic viability.



Figure 1 – Imperial Claims Controlling the Mesquite-Picacho Gold District (CNW Group/Kore Mining)




Figure 2 – Ground Geophysics Line Locations (CNW Group/Kore Mining)




Figure 3 – Induced Polarization Survey Interpretation (CNW Group/Kore Mining)




Figure 4 – Magnetic Survey Interpretation (CNW Group/Kore Mining)




Figure 5 – Section Line 12400 (CNW Group/Kore Mining)



A full set of high-resolution Figures including sections of all seven ground geophysics lines are available on KORE's website here (or copy and paste this into your browser: https://www.koremining.com/s/nr20200107-supplement-imperial-geophysics-exploration-update-final.pdf).


View original content to download multimedia:http://www.prnewswire.com/news-releases/kore-generates-drill-targets-for-imperial-resource-expansion-and-commences-district-exploration-300982303.html


SOURCE Kore Mining


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/07/c8603.html



on KORE and its assets can be found on the Company's website at www.koremining.com and at www.sedar.com, or by contacting us as info@koremining.com or by telephone at (888) 407-5450

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8020 Admin

3 months ago

8020 Admin posted a press release Kore Mining Announces Agreement with Newmont Goldcorp in KORE MINING LTD.


VANCOUVER, Nov. 27, 2019 /CNW/ - KORE Mining Ltd. (TSX-V: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce Newmont Goldcorp Corporation ("Newmont Goldcorp") has agreed to accept common shares of KORE in settlement of a future US$1 million payment to Newmont Goldcorp on announcement of an economic assessment for the Imperial gold project.  The agreement is an amendment ("Amendment") to the March 2017 Imperial purchase agreement ("Purchase Agreement") with Goldcorp USA Inc., a wholly owned subsidiary of Newmont Goldcorp. 


"This agreement provides KORE with significantly more flexibility going into 2020," commented Scott Trebilcock, CEO of KORE.  "KORE is now free to complete a preliminary economic assessment of the Imperial gold project.  Engineering at Imperial is ramping up quickly with KORE's new COO Marc Leduc on the team and we look forward to the restart of permitting in early 2020."


Pursuant to this Amendment, Newmont Goldcorp has elected, under an existing clause in the Purchase Agreement, to accept common shares of the Company for the US$1 million payment due on announcement of an economic study of the Imperial gold project.  This election by Newmont will expire twelve months after the date of this Amendment and gives KORE the opportunity to complete an economic assessment without the burden of a cash liability.  The Amendment does not obligate KORE to complete an economic assessment within the next twelve months.  All other provisions of the Purchase Agreement will remain in full force.  


The common shares would be issued pursuant to the approval/regulations of the TSX Venture Exchange. The common shares, if issued, would be priced on a 30-day trailing average of TSX Venture Exchange also per the Purchase Agreement. 


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of KORE.  The Company is well positioned to advance and unlock the value of its multi-million ounces of gold resources.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to KORE within the meaning of applicable securities laws. KORE provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, as well as those risks and uncertainties identified and reported in public filings under KORE's SEDAR profile at www.sedar.com.  Although KORE has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. KORE disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.


View original content:http://www.prnewswire.com/news-releases/kore-mining-announces-agreement-with-newmont-goldcorp-300965941.html


SOURCE Kore Mining


View original content: http://www.newswire.ca/en/releases/archive/November2019/27/c8545.html



please visit our website www.koremining.com or contact Investor Relations at 1-888-407-5450 or info@koremining.com 

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8020 Admin

4 months ago

8020 Admin posted a press release KORE Mining Commences Trading on the OTCQB in KORE MINING LTD.


VANCOUVER, Nov. 13, 2019 /CNW/ - KORE Mining Ltd. (TSX-V: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce effective November 13, 2019, the Company's common shares will commence trading on the OTCQB® Venture Market ("OTCQB") in the United States ("US") under the symbol "KOREF". The Company's common shares will continue to trade on the TSX Venture Exchange ("TSX-V") under the symbol "KORE".


Scott Trebilcock, KORE's CEO, comments, "This launch is another milestone that will amplify our US marketing efforts with a US trading symbol and expand our strategy to introduce KORE to a broader audience. The OTCQB is efficient for US investors and will help KORE build shareholder value through enhanced trading liquidity and access to the US retail investor market."


In addition to being upgraded to the OTCQB, the Company is eligible with the Depository Trust Company ("DTC") for its common shares.  DTC is a subsidiary of the Depository Trust & Clearing Corporation, a US company that manages the electronic clearing and settlement of publicly traded companies.  DTC eligibility permits shares of KORE to be distributed, settled and served through DTC's automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities for investors and brokers trading Canadian securities in the US.


Information relating to KORE as well as real-rime price quotes will be available on www.OTCmarkets.com. The OTCQB, operated by the OTC Markets Group Inc., is the premier marketplace for entrepreneurial and development stage companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, and undergo an annual company verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.


About KORE
KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of KORE.  The Company is well positioned to advance and unlock the value of its multi-million ounces of gold resources.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to KORE within the meaning of applicable securities laws. KORE provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, as well as those risks and uncertainties identified and reported in public filings under KORE's SEDAR profile at www.sedar.com.  Although KORE has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. KORE disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.


View original content:http://www.prnewswire.com/news-releases/kore-mining-commences-trading-on-the-otcqb-300957147.html


SOURCE Kore Mining


View original content: http://www.newswire.ca/en/releases/archive/November2019/13/c7535.html



please visit our website www.koremining.com or contact Investor Relations at 1-888-407-5450 or info@koremining.com 

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8020 Admin

4 months ago

8020 Admin posted a press release KORE Mining Appoints Marc Leduc to Lead Imperial Project as Chief Operating Officer in KORE MINING LTD.


VANCOUVER, Oct. 29, 2019 /CNW/ - KORE Mining Ltd. (TSX-V: KORE) ("KORE" or the "Company") is pleased to announce that Marc Leduc is joining KORE to lead development of the Company's Imperial heap leach gold project as Chief Operating Officer ("COO").


KORE CEO Scott Trebilcock commented, "KORE is excited to welcome Marc to our team.  Marc brings a rare combination of technical and jurisdictional experience that will be a great asset to the Imperial gold project and the Company.  I am further encouraged by Marc's rich leadership experience in smaller developing companies with an eye for cost management and project development."


Mr. Leduc is a mining engineer and geologist with over 30 years designing, constructing and operating large heap leach gold mines, including Barrick's Pierina and New Gold's Cerro Pedro.  Mr. Leduc also has unique and recent California mining experience having led the team in the restart engineering and permitting of the Castle Mountain gold project. 


Previously, Mr. Leduc was COO and then CEO of NewCastle Gold Ltd. (gold heap leach project in California), CEO of Luna Gold Corp. (gold milling project in Brazil), COO at Lydian International Limited (gold heap leach project in Armenia) and President and COO of Bear Creek Mining Corporation (both silver/gold heap leach project and a polymetallic project in Peru). He holds a B.Sc. (Honors) in Mining Engineering from Queen's University and a B.Sc. in Geology from the University of Ottawa.  Mr. Leduc resides in Denver, Colorado with ready access to the Imperial project and an array of engineers and contractors supporting the western US gold sector.


Mr. Leduc has received an initial grant of incentive stock options to purchase 500,000 common shares of KORE exercisable at a price of $0.29 expiring five years from the date of grant, subject to regulatory approval.


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of KORE.  The Company is well positioned to advance and unlock the value of its multi-million ounces of gold resources.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


View original content:http://www.prnewswire.com/news-releases/kore-mining-appoints-marc-leduc-to-lead-imperial-project-as-chief-operating-officer-300946918.html


SOURCE Kore Mining


View original content: http://www.newswire.ca/en/releases/archive/October2019/29/c3273.html

For further information, please visit our website www.koremining.com or contact: Investor Relations, 1-888-407-5450, info@koremining.com

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Kore Mining Ltd.

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KORE offers exposure to precious metals exploration and development in North America. KORE owns 100% interests in the Imperial and Long Valley gold development projects, located in California, USA and the FG Gold and Gold Creek exploration projects, located in the Cariboo region of British Columb...

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KORE offers exposure to precious metals exploration and development in North America. KORE owns 100% interests in the......

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8020 Admin

14 days ago

8020 Admin posted a press release KORE Commences Drilling for High-Grade Gold Structures at the FG Gold Project in BC in KORE MINING LTD.

VANCOUVER, Feb. 20, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce that a diamond drilling program has commenced at its 100% owned FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. A minimum 2,000 meter drilling program is designed to test near-surface high-grade targets down structure from past drilling.  The  drilling contractor is currently mobilizing to site and we expect the drill rig should be turning within the week.


KORE CEO Scott Trebilcock stated, "KORE is investing in exploration across our gold portfolio and we are excited to commence drilling at FG Gold." Mr. Trebilcock continued, "We are testing structural controls of high-grade mineralization in the current gold resource, whereas previous drilling only focused on bulk disseminated gold.  If successful, the program will open the deposit in a large host rock mass at depth and generate an exploration model for the under-explored 20-kilometer trend."


Why Drill FG Gold Project?



  • 100% owned large property in prolific gold-copper belt in Cariboo region of BC

  • Past orogenic gold resource and porphyry mineralization

  • Re-interpretation of the deposit indicates structural control of higher grades

  • Shallow previous drilling leaves host rock un-tested at depth

  • 20-kilometer gold trend only partially explored

  • Low elevation and road accessible for low-cost exploration


 


The drill program announced today will define and delineate structural controls on existing higher-grade gold mineralization and target new higher-grade zones at depth.  To understand the structure, the team will use larger (HQ) diameter, oriented core with KORE's geologists logging and interpreting the core contemporaneously with drilling. Contemporaneous logging creates the opportunity to target mineralized structures in real-time and maximize the value of each hole.  We expect to see results by early March with assays to follow in due course.


The FG Gold project consists of 35 claims, totaling 13,008 ha, in the eastern Cariboo region of central British Columbia, approximately 100 km east of Williams Lake. The project is at low elevation and accessible by forestry roads.  FG Gold hosts an orogenic gold deposit on the northeast limb of the Eureka syncline.  The southwest limb and hinge zone are underexplored.  The Project also hosts copper-gold porphyry mineralization at the Nova Zone, discovered by KORE in 2018.  Figure 1 highlights the 20km trend of host rock expression at surface.


The 20-kilometer trend is defined by gold in soils and geophysics that traces the mineralized rock group around the regional syncline.  The Project has only been shallowly drilled where the mineralized rock group comes to surface. Past drilling averages only 93 meters deep into a steeply plunging sedimentary host rock.  Mineralization is open at depth and along almost the entire trend.  Figure 2 is a regional cross-section that shows the host rock potential at depth and potential connection to the Project's porphyritic intrusion.


Drilling at the FG Gold Project consists of 402 bore holes for 49,691 metres generating a current Measured and Indicated resource of 376,000 ounces at 0.776 g/t gold and an Inferred resource of 634,900 ounces at 0.718 g/t of gold (both using a 0.5 g/t cut-off)1.  A vast majority of the drilling was reverse circulation ("RC") and narrow diameter core that was focused on defining a bulk disseminated gold deposit.  Figure 3 shows a plan map of the deposit with gold-in-soils and previous drill traces.


The previous drilling targeted stratigraphic controls on mineralization and did not penetrate into the bulk of the host-rock structure. Drilling was largely done with RC and narrow core to generate shallow bulk-disseminated gold intercept models.  Within the current resource there appear to be mineralized corridors or chutes that are open at depth in the host rock.  See Figure 4 for a local cross-section that shows the untested rock mass and current resource interpretation.


Regional Geology


The FG Gold property straddles the boundary between the Omineca and Intermontane tectonics belts of the Canadian Cordillera. The eastward emplacement of the Intermontane Belt onto the Omineca Belt along the Eureka Thrust Fault caused widespread regional metamorphism and structural deformation of both Belts. The regional scale, northwest trending, shallowly plunging, Eureka Syncline is the dominant resulting structure in the project area. Rocks in the core of the Eureka Syncline are comprised of basalt, augite porphyry flows, tuffs and volcanic breccias metamorphosed to a low grade; they are structurally emplaced onto metavolcanic and sedimentary rocks of the Quesnel Terrane (see Figure 1). The Quesnel Terrane is recognized for its prevalence of copper, gold and molybdenum mines and showings such as those at Highland Valley, Boss Mountain, QR and Mount Polley.


Property Geology


The FG Gold property is centrally located over the Eureka Syncline, strategically encompassing two limbs and the hinge zone of a gold-bearing meta-sedimentary rock unit of the Quesnel Terrane. The gold-bearing rock, a 'knotted' phyllite, is the host rock for gold mineralization over the 3 km strike length of the Resource Area (see Figure 1). Surface mapping and geophysical inversion of airborne electromagnetic (EM) data suggests the knotted phyllite has a strike length of over 20 km with potentially thickened regions occurring in the Eureka Syncline hinge zone (see Figure 2).


Gold mineralization occurs in and is associated with development of quartz – Fe carbonate – muscovite – pyrite vein stockwork. The stockwork is best developed in the knotted phyllite unit. Stockwork zones locally concentrate in zones greater than 10 meters wide and are dominantly stratabound. Fe-carbonate alteration and carbonate porphyroblasts development within the knotted phyllite unit is observed to extend well outside immediate areas of veining.


About the FG Gold Project


KORE's 100% owned FG Gold property is located in the Cariboo Mining Division of British Columbia, Canada. The FG Gold project hosts the Main Zone orogenic gold deposit on the northeast limb of the under-explored Eureka syncline.   The deposit was subject to extensive historic shallow drilling for bulk disseminated gold mineralization but has never been drilled at depth for structurally controlled mineralization.  The southwest limb of the deposit remains underexplored.  In addition, porphyry mineralization was discovered by KORE in 2018 at the Nova Zone.


1. More information on the FG Gold Project and resource is available in the NI43-101 Technical Report, Frasergold Exploration Project, Cariboo Mining Division, BC" dated July 20, 2015 by K.V. Campbell of ERSi Earth Resource Surveys Inc. and G.H. Giroux of Giroux Consultants Ltd. technical report ("2015 Technical Report") filed on www.sedar.com and on KORE's website at www.koremining.com.


A summary of the current resource at the FG Gold project from the 2015 Technical Report is as follows:


Read more here: https://quotemedia.com/portal/quote?qm_symbol=KORE%3ACC&qmodStoryID=4951800724704253 

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8020 Admin

1 month ago

8020 Admin posted a press release KORE Mining Generates Resource Expansion Drill Targets for Long Valley Gold Project in KORE MINING LTD.


VANCOUVER, Jan. 30, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce results from H2 2019 exploration programs at the Long Valley gold project ("Long Valley" or "Project") that defined a new exploration strategy for both oxides and sulphides and generated high priority drill targets.


Highlights



  • Tested new exploration strategy, opening potential for resource expansion and new discoveries

  • Generated data-driven, high priority oxide gold drill targets

  • Defined clear targets for drilling sulphide "feeder" structures


 


Next Steps (H1 2020)



  • Apply new exploration strategy to remainder of current deposit (Q1 2020)


    • Complete ground geophysics on northern half of deposit (underway)

    • Complete re-logging and multi-element analysis of historic drilling


  • Develop drill program for highest priority targets and commence permitting (late Q1 2020)


 


Scott Trebilcock, President and CEO of KORE, stated, "Long Valley is a large, intact epithermal gold deposit historically drilled for near surface oxide gold, leaving the underlying sulphides un-tested."  Mr. Trebilcock continued, "KORE's exploration team developed a new exploration strategy for both oxides and sulphides and looks forward to testing the highest priority targets."


In H2 2019, the KORE exploration team re-logged 232 of 896 drill holes, conducted geological mapping, and collected rock and soil samples.  The team also conducted two lines of ground induced polarization ("IP") and magnetic geophysics coinciding with drill holes that were re-logged and soil sampling lines.  The objective of the work was to prove up a new exploration strategy, testing it against known mineralization and generate drill targets.   Figure 1 shows the location of the IP geophysics surveys and cross sections.


Figure 2, Cross-Section 250 attached to this release, shows the current oxide mineralized area as a chargeability low.  Immediately below the current oxide mineralization is a resistivity high, thought to be a feeder structure for the mineralization. Using this model, there are four new near surface oxide targets outlined by chargeability lows and two sulphide feeder structures, outlined by resistivity highs. Near surface oxide targets are coincident with anomalous gold in soil sampling. 


Figure 3, Cross-Section 600 is available on KORE's website by clicking here.  The cross-section again shows current oxide mineralization as a chargeability low that is above a resistivity high, thought to be a feeder structure for the mineralization. There appear to be four near surface oxide targets outlined by chargeability lows and three sulphide feeder zone targets, outlined by resistivity highs. Near surface oxide targets are coincident with anomalous gold in soils and rock outcrop sampling.   


Figure 4 and 5, Soil Geochemistry and Rock Geochemistry Maps is available on KORE's website by clicking here.  Anomalous gold in soils, gold in rocks, and mapped alteration of surface outcrop, significantly expand the exploration footprint of the deposit, well beyond the current limits of drilling, creating numerous potential areas for oxide gold mineralization expansion. The on-going additional ground geophysics lines will enhance the oxide targeting and potential for more sulphide feeder zone targets.


About Long Valley Gold Project


Long Valley is a 100% owned epithermal gold project located in Mono County, California. Within the Project, is the Long Valley deposit, an intact epithermal gold deposit ("Deposit") with a large 2.5 by 2 kilometer oxide gold footprint.  A total of 896 holes have been drilled on the Project, the majority being completed by reverse circulation with lesser core, rotary and air track. Figure 1 shows the claims, drill collar locations and mineralized area. 


The current mineral resource estimate is 1,247,000 ounces of Indicated gold and 486,000 ounces of Inferred gold from 66.8 million tonnes of 0.58 grams per tonne and 23.6 million tonnes of 0.65 grams per tonne, respectively.  The mineral resource consists of oxide, transition and sulphides.  The estimate was prepared Neil Prenn, P.E., and Steven Weiss, C.P.G. of Mine Development Associates with an effective date of November 15, 2019.  More information is available in the technical report filed on www.sedar.com and on KORE's website at www.koremining.com.


The Long Valley deposit is an intact low sulphidation epithermal gold/silver deposit, hosted within a melange of fine to coarse volcanogenic sedimentary lithologies.  Mineralization at the Long Valley deposit has developed due to a combination of deep-rooted fault structures and a resurgence of rhyolite within an active caldera.  The Hilton Creek Fault structure transects and served as a fluid conduit for interaction with the underlying hydrothermal system, while the rhyolite resurgence caused brittle fracturing of sediments and created voids or traps for mineralization and gold deposition.  The combination of these factors yields strongly altered kaolin and quartz-hematite zones that are the primary host for gold mineralization.


Detailed Results and Conclusions


Historic drill core re-logging included multi-element analysis by XRF and short-wave infrared ("SWIR") spectroscopy. The analyses enable data-driven determination of the mineralized and un-mineralized alteration mineral assemblages.   Key observations from core re-logging:



  • Hilton Creek Zone appears partially oxidized to the base of drilling opening potential for further oxides at depth;

  • South Zone has numerous open prospective areas at depth and between drill holes; and

  • SWIR mineral analysis concluded that Dickite and Illite were the key mineralization-related alteration minerals and can be used to target exploration.


 


Key observations from bedrock mapping, rock and soil sampling:



  • Spatial relationship between intense kaolin and quartz-hematite alteration zones at the unconformity contact between the rhyolite and volcaniclastic sedimentary rock

  • Anomalous gold in rock and soil samples occurs along traces of the Hilton Creek Fault in areas that have not been drill tested, representing important targets within the claim group


 


Field and drilling observations point to a mineralization model controlled by:



  1. Positioning of deep-rooted fault or "feeder" structures;

  2. Well-developed alteration and fracture network at the rhyolite dome front; and

  3. Stratigraphy permissible to quench and trap hydrothermal fluid (i.e. sandstone/tuff).


 


An implication of deep-rooted fault systems in low sulphidation epithermal systems is that mineralization can occur at all levels between the magmatic source and the surface. Low sulphidation epithermal systems typically form distal to magmatic sources when compared to other epithermal system types. Presuming a structural or lithological 'trap' were present at lower levels in the stratigraphy closer to the magmatic source; it is theorized that sulphide-type mineralization could be present at depth along and adjacent to faults.


Key observations from ground (IP) geophysics:



  • High resistivity anomalies correspond with the Hilton Creek Fault and relatively high grade gold mineralization;

  • Low chargeability anomalies correlate directly with the known gold-oxide zone; and

  • High chargeability anomalies occur marginal to the Hilton Creek Fault.


 


In general, resistivity delineates the fault system and chargeability differentiates oxide vs. sulphide mineralization potential at depth. This geophysical 'fingerprint' of the deposit has resulted in promising new prospective zones for oxide and sulphide mineralization types. The new geological model of exploration coupled with results from geophysics, bedrock mapping and soil and rock geochemistry has generated data-driven, drill-ready targets supported by all four data sets (see Figures 1-5).


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of the basic shares outstanding.  Further information on KORE and its assets can be found on the Company's website at www.koremining.com and at www.sedar.com, or by contacting us as info@koremining.com or by telephone at (888) 407-5450.


On behalf of KORE Mining Ltd
"Scott Trebilcock"
Chief Executive Officer
(888) 407-5450


Technical information with respect to Long Valley deposit and project contained in this news release has been reviewed and approved by David S. Smith, CPG, who is KORE's designated independent qualified person for the purposes of this news release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any KORE common shares in the United States.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements.  Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information.  For further information on the Company's Long Valley Project, please see the Company's NI 43-101 Technical Report dated November 15, 2019, entitled "Amended Technical Report and Resource Estimate for the Long Valley Project, Mono County, California, USA" filed on the Company's website and also available under the Company's issuer profile on www.sedar.com.


Such factors include, among others: risks related to exploration and development activities at the Company's projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to mining operations and the hazards and risks normally encountered in the exploration, development and production of minerals, such as unusual and unexpected geological formations, rock falls, seismic activity, flooding and other conditions involved in the extraction and removal of materials; uncertainties regarding regulatory matters, including obtaining permits and complying with laws and regulations governing exploration, development, production, taxes, labour standards, occupational health, waste disposal, toxic substances, land use, environmental protection, site safety and other matters, and the potential for existing laws and regulations to be amended or more stringently implemented by the relevant authorities; uncertainties regarding estimating mineral resources, which estimates may require revision (either up or down) based on actual production experience; risks relating to fluctuating metals prices and the ability to operate the Company's projects at a profit in the event of declining metals prices and the need to reassess feasibility of a particular project that estimated resources will be recovered or that they will be recovered at the rates estimated; risks related to title to the Company's properties, including the risk that the Company's title may be challenged or impugned by third parties; the ability of the Company to access necessary resources, including mining equipment and crews, on a timely basis and at reasonable cost; competition within the mining industry for the discovery and acquisition of properties from other mining companies, many of which have greater financial, technical and other resources than the Company, for, among other things, the acquisition of mineral claims, leases and other mineral interests as well as for the recruitment and retention of qualified employees and other personnel; access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company's properties; and risks related to the stage of the Company's development, including risks relating to limited financial resources, limited availability of additional financing and potential dilution to existing shareholders; reliance on its management and key personnel; inability to obtain adequate or any insurance;  exposure to litigation or similar claims; currently unprofitable operations; risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest. 


In addition to the above summary, additional risks and uncertainties are described in the "Risks" section of the Company's management discussion and analysis for the interim period ended September 30, 2019 prepared as of November 28, 2019 available under the Company's issuer profile on www.sedar.com.


Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. 


There is no certainty that all or any part of the mineral resource will be converted into mineral reserve. It is uncertain if further exploration will allow improving the classification of the Indicated or Inferred mineral resource.  Mineral resources are not mineral reserves and do not have demonstrated economic viability.



Figure 1 – Plan with Geology and Section Locations (CNW Group/Kore Mining)




Figure 2 – Section 250 with Oxide and Sulphide Feeder Structure Targets (CNW Group/Kore Mining)



 A full set of high-resolution Figures including both sections, rock and soil sampling are available on KORE's website here (or copy and paste this into your browser: https://www.koremining.com/exploration-highlights).


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/kore-mining-generates-resource-expansion-drill-targets-for-long-valley-gold-project-300996007.html


SOURCE Kore Mining



 


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/30/c6857.html



Further information on KORE and its assets can be found on the Company's website at www.koremining.com and at www.sedar.com, or by contacting us as info@koremining.com or by telephone at (888) 407-5450

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8020 Admin

2 months ago

8020 Admin posted a press release KORE Mining Commences Preliminary Economic Assessment of Imperial Oxide Gold Deposit in KORE MINING LTD.


VANCOUVER, Jan. 13, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce that it has commenced preparation of a Preliminary Economic Assessment ("PEA") of the Imperial oxide gold deposit ("Deposit" or "Imperial"). 


Highlights



  • PEA results expected by early Q2 2020

  • Simple run-of-mine heap leaching (no crushing)


 


KORE's COO, Marc Leduc, commented, "Imperial is a rare, unmined, at surface oxide gold deposit amenable to simple run-of-mine heap leaching.  I have worked closely with and have great confidence in the team KORE has selected to complete Imperial's preliminary economic assessment.  Imperial will be engineered to the highest standards with full compliance to California's high standards of environmental regulation and site reclamation."


KORE has engaged Global Resource Engineering (Denver) ("GRE") to lead development of a PEA of Imperial with heap leach design from Geo-Logic (Grass Valley, California).  GRE offers a wide spectrum of services including geotechnical analysis, mine design, heap leach engineering and tailings facility design. GRE completed a site visit to formally kick-off the PEA project January 9, 2020 and has been working on mine design for the last several months.


KORE anticipates completion of the PEA by early Q2 2020.  The engineering work completed for the PEA will also be used to complete a new Plan of Operations which is a key document to re-start the permitting process for Imperial.


About Imperial Deposit


The current gold mineral resource estimate for Imperial is 877,000 ounces of indicated and 1,336,000 ounces of inferred from 45.7 million tonnes of 0.59 grams per tonne and 90.9 million tonnes of 0.46 grams per tonne, respectively.   The mineral resource estimate was prepared by SRK Consulting (Canada) Inc with an effective date of December 30, 2019.  This resource estimate will be basis for the PEA.  Further details on the mineral resource estimate are available in the December 30, 2019 news release or in the technical report available at www.koremining.com and www.sedar.com.


Imperial is a structurally controlled intermediate epithermal gold deposit. The oxide gold Deposit is currently 2.44 kilometers long, up to 0.75 kilometers wide and is open both along strike and downdip.  More details on the deposit geology and exploration potential can be found in KORE's January 7, 2020 news release.


KORE controls the 28 km Mesquite-Picacho exploration district, including 1,005 claims staked in September 2019, between Mesquite-Picacho trend that runs through Imperial.  This trend remains underexplored and open to new oxide discoveries– see KORE's January 7, 2020 and September 12, 2019 news releases. 


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of the basic shares outstanding.


On behalf of KORE Mining Ltd
"Scott Trebilcock"
Chief Executive Officer
(888) 407-5450


Technical information with respect to Imperial deposit and project contained in this news release has been reviewed and approved by Marc Leduc, P.Eng., who is a qualified person for the purposes of this news release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any KORE common shares in the United States.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements.  Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information.  For further information on the Company's Imperial Project, please see the Company's NI 43-101 Technical Report dated December 30, 2019, entitled "Technical Report for the Imperial Gold Project, California, USA" filed on the Company's website and also available under the Company's issuer profile on www.sedar.com.


Such factors include, among others: risks related to exploration and development activities at the Company's projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to mining operations and the hazards and risks normally encountered in the exploration, development and production of minerals, uncertainties regarding estimating mineral resources, which estimates may require revision (either up or down) based on actual production experience; risks relating to fluctuating metals prices and the ability to operate the Company's projects at a profit in the event of declining metals prices and the need to reassess feasibility of a particular project that estimated resources will be recovered or that they will be recovered at the rates estimated; risks related to title to the Company's properties, the ability of the Company to access necessary resources, access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company's properties; and risks related to the stage of the Company's development, risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest. 


In addition to the above summary, additional risks and uncertainties are described in the "Risks" section of the Company's management discussion and analysis for the interim period ended September 30, 2019 prepared as of November 28, 2019 available under the Company's issuer profile on www.sedar.com.


Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. 


There is no certainty that all or any part of the mineral resource will be converted into mineral reserve. It is uncertain if further exploration will allow improving the classification of the Indicated or Inferred mineral resource.  Mineral resources are not mineral reserves and do not have demonstrated economic viability.


View original content:http://www.prnewswire.com/news-releases/kore-mining-commences-preliminary-economic-assessment-of-imperial-oxide-gold-deposit-300985716.html


SOURCE Kore Mining


View original content: http://www.newswire.ca/en/releases/archive/January2020/13/c4622.html



Further information on KORE and its assets can be found on the Company's website at www.koremining.com  and at www.sedar.com , or by contacting us at info@koremining.com  or by telephone at (888) 407-5450

!
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8020 Admin

2 months ago

8020 Admin posted a press release KORE Generates Drill Targets for Imperial Resource Expansion and Commences District Exploration in KORE MINING LTD.


VANCOUVER, Jan. 7, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce results from Q4 2019 initial exploration program, including ground geophysics at the Imperial gold project ("Imperial" or "Project"). 


Highlights



  • Confirmed targets close to current resource indicating resource is open for expansion:


    • Down-dip from West, East, and Singer zones

    • Between East and West zones (Expanded Singer)


  • Large open-ended chargeability anomaly under current mineralization and extending along-strike 1.5 km west and 1 km east opens potential to further expanding mineralization

  • Strong ground geophysical signature over known mineralization enhances ability to find new deposits in the under-explored Mesquite-Picacho district


Next Steps (Q1 2020)



  • Follow-up ground geophysics by infilling current survey and extending along strike;

  • Scope and permit Phase 1 drilling program to test highest priority targets; and

  • Commence regional exploration with geophysics and field sampling / mapping.


Scott Trebilcock, President and CEO of KORE, stated, "While the purpose of the ground geophysics was to define deposit signatures for regional exploration, we were pleased by the strong alignment to the known resource and the revealing of undrilled resource expansion targets."  Mr. Trebilcock continued, "We are immediately commencing additional work on both resource expansion and regional exploration."


KORE COO, Marc Leduc commented, "The large chargeability high under Imperial was unexpected and opens up a whole new scale of opportunity for the Imperial deposit.  One potential interpretation is that the anomaly is the sulphide roots of the current oxide deposit.   Several large Nevada deposits, including Goldstrike, also started as small, oxide mines."


KORE staked the Mesquite-Picacho district ("District") in September 2019, controlling 26,323 acres over a 28 kilometer trend.   The three District deposits (Mesquite-Imperial-Picacho) were discovered in exposed outcrops and from placer workings.  The rest of the District is covered by alluvium and has never been systematically explored.  Having the intact Imperial deposit to "tune" or "fingerprint" geophysical signatures, greatly enhances the ability to explore under the alluvium and potentially make new discoveries along the trend. Figure 1 in the maps and sections linked to this news release shows the Imperial deposit in relation to the rest of the District.


Q4 2019 Work Programs


In Q4 2019, the KORE exploration team built an electronic exploration database of drill collars, lithology, and grade intervals and executed a 12-day ground geophysical survey over the known Imperial deposit and along strike.  The programs generated resource expansion drill targets and "tuned" ground geophysics to commence exploration of the new Mesquite-Picacho claims staked in September 2019.


Ground geophysics consisted of 15.6 line kilometers of induced polarization and 22.0 line kilometers of ground magnetometer surveys. Figure 2 of the maps and sections linked to this news release shows the location of the induced polarization and magnetic surveys conducted during Phase 1 geophysical activities.


Results and Conclusions


Strong ground geophysical signature of the intact Imperial deposit enhances ability to find new deposits in the Mesquite-Picacho district.  Figure 4 is a plan view of the induced polarization survey results in relation to drill collars and mineralized envelope of the Imperial deposit. Figure 3 is a plan view of the magnetic survey results in relation to drill collars and mineralized envelope of the Imperial deposit.  Both show a strong correlation to Imperial mineralization.


The Q4 2019 ground geophysics combined with past drilling, highlighted several areas for potential expansion of the current resource: down-dip from West, East, and Singer zones and between East and West zones (Expanded Singer).  Historic drilling was either terminated before anomalies or the down-dip and strike extension areas were not drilled.  The conceptual targets are described as arrows on Figure 3.


The ground geophysics also highlighted a new large open-ended chargeability anomaly under current mineralization which extends along-strike 1.5 kilometers west and 1 kilometer east.   The anomaly can be seen clearly in Figure 5.   The anomaly increases in intensity to the west.  No historic drilling penetrated into this anomaly as there is a conglomerate unit underlying the deposit in which drilling was terminated.


A full set of high-resolution Figures including sections of all seven ground geophysics lines are available on KORE's website here (or copy and paste this into your browser: https://www.koremining.com/s/nr20200107-supplement-imperial-geophysics-exploration-update-final.pdf).


Follow Up Program Details (Q1 2020)


Imperial Resource Expansion



  • Follow-up ground geophysics infilling the current survey and extending the survey along strike; and

  • Scope Phase 1 drilling program to test highest priority targets and initiate permitting of the drilling program.


Imperial District Exploration



  • Conduct airborne magnetic geophysics over the Imperial Mesquite-Picacho District using tuned signatures;

  • Conduct ground geophysics on highest priority targets looking for new Imperial-type signatures; and

  • Conduct surface reconnaissance consisting of soil/rock sampling to follow-up anomalies.


About Imperial Deposit


Imperial is a structurally controlled intermediate epithermal gold deposit. The oxide gold deposit is currently defined at 2.44 kilometer long and up to 0.75 kilometer wide and is open both along strike and downdip. It is hosted in a shallowly southwest dipping, amphibolite grade metamorphic rock suite along a west-northwest trending low-angle regional thrust fault system. The thrust fault system controls the regional geometry of mineralization. East-west striking, post-mineralization normal faults control the property scale geometry of mineralization. Geophysical characterization of the deposit and regional controlling structures is an essential component of exploration for additional resources.


The footprint of the current Imperial mineralization is about 500 acres, less than 2% of the 26,323 acre Mesquite-Picacho District controlled by KORE.


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of the basic shares outstanding.


On behalf of KORE Mining Ltd
"Scott Trebilcock"
Chief Executive Officer
(888) 407-5450


Technical information with respect to Imperial deposit and project contained in this news release has been reviewed and approved by David S. Smith, CPG, who is KORE's designated independent qualified person for the purposes of this news release.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any KORE common shares in the United States.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information


This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements.  Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. For further information on the Company's Imperial Project, please see the Company's NI 43-101 Technical Report dated December 30, 2019, entitled "Technical Report for the Imperial Gold Project, California, USA" filed on the Company's website and also available under the Company's issuer profile on www.sedar.com.


Such factors include, among others: risks related to exploration and development activities at the Company's projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to mining operations and the hazards and risks normally encountered in the exploration, development and production of minerals, such as unusual and unexpected geological formations, rock falls, seismic activity, flooding and other conditions involved in the extraction and removal of materials; uncertainties regarding regulatory matters, including obtaining permits and complying with laws and regulations governing exploration, development, production, taxes, labour standards, occupational health, waste disposal, toxic substances, land use, environmental protection, site safety and other matters, and the potential for existing laws and regulations to be amended or more stringently implemented by the relevant authorities; uncertainties regarding estimating mineral resources, which estimates may require revision (either up or down) based on actual production experience; risks relating to fluctuating metals prices and the ability to operate the Company's projects at a profit in the event of declining metals prices and the need to reassess feasibility of a particular project that estimated resources will be recovered or that they will be recovered at the rates estimated; risks related to title to the Company's properties, including the risk that the Company's title may be challenged or impugned by third parties; the ability of the Company to access necessary resources, including mining equipment and crews, on a timely basis and at reasonable cost; competition within the mining industry for the discovery and acquisition of properties from other mining companies, many of which have greater financial, technical and other resources than the Company, for, among other things, the acquisition of mineral claims, leases and other mineral interests as well as for the recruitment and retention of qualified employees and other personnel; access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company's properties; and risks related to the stage of the Company's development, including risks relating to limited financial resources, limited availability of additional financing and potential dilution to existing shareholders; reliance on its management and key personnel; inability to obtain adequate or any insurance;  exposure to litigation or similar claims; currently unprofitable operations; risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest. 


In addition to the above summary, additional risks and uncertainties are described in the "Risks" section of the Company's management discussion and analysis for the interim period ended September 30, 2019 prepared as of November 28, 2019 available under the Company's issuer profile on www.sedar.com.


Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. 


There is no certainty that all or any part of the mineral resource will be converted into mineral reserve. It is uncertain if further exploration will allow improving the classification of the Indicated or Inferred mineral resource.  Mineral resources are not mineral reserves and do not have demonstrated economic viability.



Figure 1 – Imperial Claims Controlling the Mesquite-Picacho Gold District (CNW Group/Kore Mining)




Figure 2 – Ground Geophysics Line Locations (CNW Group/Kore Mining)




Figure 3 – Induced Polarization Survey Interpretation (CNW Group/Kore Mining)




Figure 4 – Magnetic Survey Interpretation (CNW Group/Kore Mining)




Figure 5 – Section Line 12400 (CNW Group/Kore Mining)



A full set of high-resolution Figures including sections of all seven ground geophysics lines are available on KORE's website here (or copy and paste this into your browser: https://www.koremining.com/s/nr20200107-supplement-imperial-geophysics-exploration-update-final.pdf).


View original content to download multimedia:http://www.prnewswire.com/news-releases/kore-generates-drill-targets-for-imperial-resource-expansion-and-commences-district-exploration-300982303.html


SOURCE Kore Mining


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/07/c8603.html



on KORE and its assets can be found on the Company's website at www.koremining.com and at www.sedar.com, or by contacting us as info@koremining.com or by telephone at (888) 407-5450

!
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8020 Admin

3 months ago

8020 Admin posted a press release Kore Mining Announces Agreement with Newmont Goldcorp in KORE MINING LTD.


VANCOUVER, Nov. 27, 2019 /CNW/ - KORE Mining Ltd. (TSX-V: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce Newmont Goldcorp Corporation ("Newmont Goldcorp") has agreed to accept common shares of KORE in settlement of a future US$1 million payment to Newmont Goldcorp on announcement of an economic assessment for the Imperial gold project.  The agreement is an amendment ("Amendment") to the March 2017 Imperial purchase agreement ("Purchase Agreement") with Goldcorp USA Inc., a wholly owned subsidiary of Newmont Goldcorp. 


"This agreement provides KORE with significantly more flexibility going into 2020," commented Scott Trebilcock, CEO of KORE.  "KORE is now free to complete a preliminary economic assessment of the Imperial gold project.  Engineering at Imperial is ramping up quickly with KORE's new COO Marc Leduc on the team and we look forward to the restart of permitting in early 2020."


Pursuant to this Amendment, Newmont Goldcorp has elected, under an existing clause in the Purchase Agreement, to accept common shares of the Company for the US$1 million payment due on announcement of an economic study of the Imperial gold project.  This election by Newmont will expire twelve months after the date of this Amendment and gives KORE the opportunity to complete an economic assessment without the burden of a cash liability.  The Amendment does not obligate KORE to complete an economic assessment within the next twelve months.  All other provisions of the Purchase Agreement will remain in full force.  


The common shares would be issued pursuant to the approval/regulations of the TSX Venture Exchange. The common shares, if issued, would be priced on a 30-day trailing average of TSX Venture Exchange also per the Purchase Agreement. 


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of KORE.  The Company is well positioned to advance and unlock the value of its multi-million ounces of gold resources.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to KORE within the meaning of applicable securities laws. KORE provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, as well as those risks and uncertainties identified and reported in public filings under KORE's SEDAR profile at www.sedar.com.  Although KORE has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. KORE disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.


View original content:http://www.prnewswire.com/news-releases/kore-mining-announces-agreement-with-newmont-goldcorp-300965941.html


SOURCE Kore Mining


View original content: http://www.newswire.ca/en/releases/archive/November2019/27/c8545.html



please visit our website www.koremining.com or contact Investor Relations at 1-888-407-5450 or info@koremining.com 

!
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8020 Admin

4 months ago

8020 Admin posted a press release KORE Mining Commences Trading on the OTCQB in KORE MINING LTD.


VANCOUVER, Nov. 13, 2019 /CNW/ - KORE Mining Ltd. (TSX-V: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce effective November 13, 2019, the Company's common shares will commence trading on the OTCQB® Venture Market ("OTCQB") in the United States ("US") under the symbol "KOREF". The Company's common shares will continue to trade on the TSX Venture Exchange ("TSX-V") under the symbol "KORE".


Scott Trebilcock, KORE's CEO, comments, "This launch is another milestone that will amplify our US marketing efforts with a US trading symbol and expand our strategy to introduce KORE to a broader audience. The OTCQB is efficient for US investors and will help KORE build shareholder value through enhanced trading liquidity and access to the US retail investor market."


In addition to being upgraded to the OTCQB, the Company is eligible with the Depository Trust Company ("DTC") for its common shares.  DTC is a subsidiary of the Depository Trust & Clearing Corporation, a US company that manages the electronic clearing and settlement of publicly traded companies.  DTC eligibility permits shares of KORE to be distributed, settled and served through DTC's automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities for investors and brokers trading Canadian securities in the US.


Information relating to KORE as well as real-rime price quotes will be available on www.OTCmarkets.com. The OTCQB, operated by the OTC Markets Group Inc., is the premier marketplace for entrepreneurial and development stage companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, and undergo an annual company verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.


About KORE
KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of KORE.  The Company is well positioned to advance and unlock the value of its multi-million ounces of gold resources.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to KORE within the meaning of applicable securities laws. KORE provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, as well as those risks and uncertainties identified and reported in public filings under KORE's SEDAR profile at www.sedar.com.  Although KORE has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. KORE disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.


View original content:http://www.prnewswire.com/news-releases/kore-mining-commences-trading-on-the-otcqb-300957147.html


SOURCE Kore Mining


View original content: http://www.newswire.ca/en/releases/archive/November2019/13/c7535.html



please visit our website www.koremining.com or contact Investor Relations at 1-888-407-5450 or info@koremining.com 

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8020 Admin

4 months ago

8020 Admin posted a press release KORE Mining Appoints Marc Leduc to Lead Imperial Project as Chief Operating Officer in KORE MINING LTD.


VANCOUVER, Oct. 29, 2019 /CNW/ - KORE Mining Ltd. (TSX-V: KORE) ("KORE" or the "Company") is pleased to announce that Marc Leduc is joining KORE to lead development of the Company's Imperial heap leach gold project as Chief Operating Officer ("COO").


KORE CEO Scott Trebilcock commented, "KORE is excited to welcome Marc to our team.  Marc brings a rare combination of technical and jurisdictional experience that will be a great asset to the Imperial gold project and the Company.  I am further encouraged by Marc's rich leadership experience in smaller developing companies with an eye for cost management and project development."


Mr. Leduc is a mining engineer and geologist with over 30 years designing, constructing and operating large heap leach gold mines, including Barrick's Pierina and New Gold's Cerro Pedro.  Mr. Leduc also has unique and recent California mining experience having led the team in the restart engineering and permitting of the Castle Mountain gold project. 


Previously, Mr. Leduc was COO and then CEO of NewCastle Gold Ltd. (gold heap leach project in California), CEO of Luna Gold Corp. (gold milling project in Brazil), COO at Lydian International Limited (gold heap leach project in Armenia) and President and COO of Bear Creek Mining Corporation (both silver/gold heap leach project and a polymetallic project in Peru). He holds a B.Sc. (Honors) in Mining Engineering from Queen's University and a B.Sc. in Geology from the University of Ottawa.  Mr. Leduc resides in Denver, Colorado with ready access to the Imperial project and an array of engineers and contractors supporting the western US gold sector.


Mr. Leduc has received an initial grant of incentive stock options to purchase 500,000 common shares of KORE exercisable at a price of $0.29 expiring five years from the date of grant, subject to regulatory approval.


About KORE


KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investors Eric Sprott and Macquarie Bank who, together with the management and Board own 66% of KORE.  The Company is well positioned to advance and unlock the value of its multi-million ounces of gold resources.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


View original content:http://www.prnewswire.com/news-releases/kore-mining-appoints-marc-leduc-to-lead-imperial-project-as-chief-operating-officer-300946918.html


SOURCE Kore Mining


View original content: http://www.newswire.ca/en/releases/archive/October2019/29/c3273.html

For further information, please visit our website www.koremining.com or contact: Investor Relations, 1-888-407-5450, info@koremining.com

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