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Kore Mining Ltd
Symbol KORE
Shares Issued 78,841,914
Close 2019-09-12 C$ 0.41
Market Cap C$ 32,325,185
Recent Sedar+ Documents

Kore increases Imperial landholdings to 26,323 acres

2019-09-12 09:55 ET - News Release

Mr. Scott Trebilcock reports

KORE STAKES DISTRICT SCALE EXPLORATION TREND AT IMPERIAL PROJECT

Kore Mining Ltd. has staked a large exploration land position around the Imperial project. The newly staked claims extend from the operating Mesquite mine (currently owned by Equinox Gold Corp.) to the depleted Picacho mine over a 28-kilometre trend, with Imperial roughly equidistant between the two. The staked area is largely under cover with minimal outcrop and has not been subject to modern exploration techniques.

Scott Trebilcock, president and chief executive officer, commented: "Kore believes in the untapped exploration for new shallow oxide discoveries on the trend now controlled by Kore. We have several targets from past operators near Imperial, but a vast majority is underexplored and has seen no modern exploration techniques. Having the intact Imperial deposit to tune our geophysical and chemical sensing will greatly enhance our ability to generate drill targets and make new discoveries."

The new claims are not subject to any royalties. The 1,005 new claims total 20,602 acres, bringing Kores total in the region to 26,323 acres, a 360-per-cent increase.

The trend, identified by a geophysical anomaly (gravity high), hosts greater than seven million ounces of past production (Mesquite and Picacho) as well as current and historic reserves and resources of over five million ounces for a total of over 12 million ounces of gold.

All new claims have been filed with Imperial county and the Bureau of Land Management.

About Kore Mining Ltd.

Kore is 100-per-cent 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 management and the board, own 66 per cent of the basic shares outstanding.

We seek Safe Harbor.

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