VANCOUVER, July 4, 2019 /CNW/ - KORE Mining Ltd.
("KORE" or the "Company") wishes to make the
following clarifying statements.
The Company refers to a news release issued on February 27, 2018 by previous management
announcing the reverse take over bid transaction between the
Company (then named "Eureka Resources Inc.") and the private
company formerly named KORE Mining Ltd. (the "RTO Transaction"),
and the news release issued on November 2,
2018 announcing the completion of the RTO
Transaction.
These news releases referred to economic analyses regarding the
Imperial Project and the Long Valley Project derived from
"historical estimates" of mineral resources, as such term is
defined in National Instrument 43-101 of the Canadian Securities
Administrators ("NI 43-101"). Such economic analyses are not
supported by a current technical report, contrary to NI 43-101, and
must not be relied upon until such time as they have been verified
and supported by a current technical report.
In response to a technical disclosure review initiated and
undertaken by the British Columbia Securities Commission, the
Company has requested Mine Development Associates to make certain
amendments and revisions to its previously published technical
report entitled "Technical Report and Resource Estimate for the
Long Valley Project, Mono County,
California" dated April 25,
2018 along with certain ancillary consents.
About KORE
KORE Mining is a development stage company that offers exposure
to precious metals exploration and development in North America, with a corporate strategy
focused on advancing its California development and British Columbia advanced exploration stage
projects.
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 that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Such factors include, but are not
limited to: uncertainties related exploration and
development; the ability to raise sufficient capital to fund
exploration and development; changes in economic conditions or
financial markets; increases in input costs; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; technological or
operational difficulties or inability to obtain permits encountered
in connection with exploration activities; and labor relations
matters. This list is not exhaustive of the factors that may affect
the Company's forward-looking information. Important factors
that could cause actual results to differ materially from the
Company's expectations also include risks detailed from time to
time in the filings made by the Company with securities
regulations.
The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will update or
revise publicly any of the included forward-looking statements as
expressly required by Canadian securities law.
SOURCE Kore Mining