VANCOUVER, Sept. 12, 2019 /CNW/ - KORE Mining Ltd. –
TSXV: KORE ("KORE" or the "Company") is pleased to
announce that it has staked a large exploration land position
around the Imperial project
("Imperial" or "Project"). The newly staked claims ("new
claims") extend from the operating Mesquite mine (currently owned
by Equinox Gold Corp, TSXV: EQX) to the depleted Picacho mine over
a 28 km 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
CEO stated "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
under-explored and has seen no modern exploration
techniques." Mr. Trebilcock continued, "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% increase.
A map of the new claims is appended to this new release.
The trend, identified by a geophysical anomaly (gravity high),
hosts greater than 7 million ounces of past production (Mesquite
and Picacho) as well as current and historic reserves and resources
of over 5 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
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.
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 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.
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SOURCE Kore Mining