KORE Mining Ltd (PK) (KOREF) News

KOREF is a lotto play starting today.

Talk about a sleeper. Yeah I tossed a couple of coins on the table, lets see if they grow green

https://finance.yahoo.com/news/kore-mining-takes-dominant-position-124500716.html

KORE Mining Takes Dominant Position in Cariboo Gold District
[PR Newswire]
PR Newswire•July 30, 2020

Increasing Claims by 330% to 1,000 Square Kilometres

VANCOUVER, BC, July 30, 2020 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") announces that the Company has increased its land holding in the Cariboo Gold District ("District") of British Columbia by 330%. KORE is now the dominant land holder of the southern half of the District with Osisko Gold Royalties Ltd's (TSX:OR) Barkerville / Cariboo Gold Project controlling the north.

Highlights

Consolidated 1,000 square kilometer land position in southern Cariboo Gold District
KORE's claims host 110 km of the Eureka thrust structural trend ("Trend")
Trend highly prospective for orogenic gold deposits
Prolific mining region with multiple current and past operating mines
100% KORE owned

KORE CEO Scott Trebilcock commented, "It is a rare occurrence when a company controls a dominant position in a gold District, particularly in a safe and stable jurisdiction. KORE now has two, 100% owned, District scale projects: Imperial in California and the southern Cariboo Gold District. With the great results we are seeing in our FG Gold Project drilling, and the success of Osisko to the north, the Cariboo is once again on the radar for gold exploration."

Figure 1 shows KORE's land position in the District. KORE staked 36 claims for 71,034 hectares and acquired an additional 21 claims for a total of 5,571 hectares of new claims. KORE previously controlled claims in the District at the FG Gold Project and Gold Creek Project. In total, KORE now controls 99,990 hectares or 1,000 square kilometers.

The Cariboo Gold District is a prolific gold region. The District was host to the Cariboo gold rush in the late 1800's, followed by a long history of modern gold mining. The Cariboo region is accessible with local power, well developed road network and skilled local labour.

KORE already has already identified multiple projects in the District with much of the area under-explored and wide open for additional discoveries. District projects include KORE's FG Gold, Gold Creek, Hen, Tep, Forks, Jamboree, and McKee which are also located on Figure 2.

KORE is currently drilling the FG Gold Project, with 1,577m completed in March and April 2020 and over 1,700m completed since the end of June 2020. Of the current 5,000m drill program, four holes have been completed to date, averaging over 400m each and all drilled up to 200m downdip from previous drilling and covering a strike length of over 500m.

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; and insiders, together with the management and Board, own approximately 64% of the basic shares outstanding.

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

Technical information contained in this news release has been reviewed and approved by Marc Leduc, P.Eng, who is KORE's COO and is the qualified person under National Instrument 43-101 responsible for the technical matters of this news release.

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 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.

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 year ended December 31, 2019 prepared as of April 27, 2020 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.

Cautionary Note Regarding Mineral Resource Estimates: Information regarding mineral resource estimates has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States Securities and Exchange Commission ("SEC") Industry Guide 7. In October 2018, the SEC approved final rules requiring comprehensive and detailed disclosure requirements for issuers with material mining operations. The provisions in Industry Guide 7 and Item 102 of Regulation S-K, have been replaced with a new subpart 1300 of Regulation S-K under the United States Securities Act and will become mandatory for SEC registrants after January 1, 2021. The changes adopted are intended to align the SEC's disclosure requirements more closely with global standards as embodied by the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), including Canada's NI 43-101 and CIM Definition Standards. Under the new SEC rules, SEC registrants will be permitted to disclose "mineral resources" even though they reflect a lower level of certainty than mineral reserves. Additionally, under the New Rules, mineral resources must be classified as "measured", "indicated", or "inferred", terms which are defined in and required to be disclosed by NI 43-101 for Canadian issuers and are not recognized under SEC Industry Guide 7. An "Inferred Mineral Resource" has a lower level of confidence than that applying to an "Indicated Mineral Resource" and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of "Inferred Mineral Resources" could be upgraded to "Indicated Mineral Resources" with continued exploration. Accordingly, the mineral resource estimates and related information may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal laws and the rules and regulations thereunder, including SEC Industry Guide 7.

https://finance.yahoo.com/news/kore-mining-closes-second-tranche-125900626.html

VANCOUVER, BC, July 28, 2020 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce the closing of the second tranche of the previously announced $7,500,000 non-brokered private placement consisting of 6,000,000 units at a price of $1.00 per unit ("Non-FT Units") and 1,000,000 units of flow through units at $1.50 ("FT Units") (collectively, the "Private Placement"). The first tranche of Non-FT Units closed July 22, 2020 and the second tranche of Non-FT Units closed today. All securities to be issued pursuant to the Private Placement are subject to a four month hold period and for the securities issued under this second tranche, will expire on November 29, 2020.

Details of the Private Placement were previouslyannounced on June 29, 2020 and of the first tranche closed on July 22, 2020.

Settling of Imperial Gold Project Milestone Payment

KORE also announces it has settled the US $1 million milestone payment to Newmont Corporation ("Newmont") triggered by the Imperial project Preliminary Economic Assessment announced April 6, 2020. The payment was settled in cash and not by shares as initially elected by Newmont on November 27, 2020. The payment was part of the March 27, 2017 Imperial purchase agreement where KORE purchased the Imperial project from then, Goldcorp. The next milestone payment of US$1 million is on first gold pour at the Imperial project.

About KORE

KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia. KORE, supported by strategic investors Eric Sprott and Macquarie Bank; and insiders, including management and Board, own 64% 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

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 titled "Preliminary Economic Assessment - Technical Report Imperial Gold Project" effective as of April 6, 2020 and issued on May 19, 2020, 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 year ended December 31, 2019 prepared as of April 27, 2020 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.
Cision
Cision

View original content:http://www.prnewswire.com/news-releases/kore-mining-closes-the-second-tranche-of-the-7-5-million-strategic-investment-301100806.html

SOURCE Kore Mining

https://finance.yahoo.com/news/kore-mining-drills-11-0-124500380.html



KORE Mining Drills 11.0 Meters of 10.0 g/t Gold Near Surface and Extends Lower Zone Discovery with 52.5 Meters of 1.1 g/t Gold at FG Gold Project
PR Newswire•1 hour ago
KORE Mining Drills 11.0 Meters of 10.0 g/t Gold Near Surface and Extends Lower Zone Discovery with 52.5 Meters of 1.1 g/t Gold at FG Gold Project

KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") announces that drill hole FG-20-373 intercepted 11.0 meters of 10.0 g/t gold starting at 44.0 meters downhole in the Upper Zone of the FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. Drilling has also extended the June 2020 Lower Zone discovery with a new intercept of 52.5 meters of 1.1 g/t gold starting at 122.5 meters downhole in drill hole FG-20-375. This news release reports six drill holes on two cross-sections ("Sections") extending across 250 meters of strike length.
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PR Newswire•yesterday
KORE Mining Accelerates Exploration With Closing of the First Tranche of the $7.5 Million Strategic Investment With Eric Sprott

KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce the closing of the first tranche of the previously announced $7,500,000 non-brokered private placement consisting of 6,000,000 units at a price of $1.00 per unit ("Non-FT Units") and 1,000,000 units of flow through units at $1.50 ("FT Units") (collectively, the "Private Placement"). The first tranche, which closed today, consists of the 6,000,000 Non-FT Units for gross proceeds of $6,000,000, with the second tranche of the financing expected to close on or before July 29, 2020.

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Kore Mining accelerates Warrant Expiry Date Forecasting C$12.5 Million Cash On Hand
CNW Group•10 days ago
Kore Mining accelerates Warrant Expiry Date Forecasting C$12.5 Million Cash On Hand

KORE forecasts it will have pro forma cash on hand of C$12.5 million assuming full exercise of the remaining 1.4 million Warrants, and the expected net proceeds from the closing of the recent Eric Sprott C$7.5 million financing announced June 29, 2020 . The recent financing with Eric Sprott enables KORE to drill aggressively and take bold steps across our portfolio.
Newsfile•24 days ago
Eric Sprott Announces Holdings in KORE Mining Ltd.

Toronto, Ontario--(Newsfile Corp. - June 29, 2020) - Eric Sprott announces that on June 29, 2020, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 4,000,000 common shares of KORE Mining Ltd., through a block trade arrangement with a single vendor over the TSX Venture Exchange (representing approximately 4.1% of the outstanding shares on non-diluted basis) at a price of approximately $0.90 per share for aggregate consideration of approximately $3,600,000.Mr. Sprott ...
CNW Group•24 days ago
KORE Mining Announces Further $7.5 Million Strategic Investment by Eric Sprott to Accelerate Growth

The Non-FT Units are being fully subscribed and invested into by Mr. Eric Sprott , through 2176423 Ontario Ltd., a corporation beneficially controlled by him. Assuming full conversion of the entirety of the subscription receipts in the Private Placement, Mr. Sprott's ownership will be approximately 22.53% on a non-diluted basis.
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KORE Mining Mobilizes New Exploration Program at Mesquite East and Imperial West
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KORE Mining Mobilizes New Exploration Program at Mesquite East and Imperial West

KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce is mobilizing a ground geophysics and surface sampling program ("New Exploration Program") on the Mesquite East and Imperial West areas of the Mesquite-Imperial-Picacho District exploration project ("District") to generate further drill targets. KORE is also permitting the highest priority drill pads for District targets towards the Mesquite Mine (Equinox Gold | TSX:EQX) and in and around the current Imperial resource.
KORE Mining Drills 32 Meters of 3.0 g/t Gold Near Surface and Discovers New Zone with 10 Meters of 3.9 g/t Gold Below Existing FG Gold Resource
PR Newswire•last month
KORE Mining Drills 32 Meters of 3.0 g/t Gold Near Surface and Discovers New Zone with 10 Meters of 3.9 g/t Gold Below Existing FG Gold Resource

KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce drill hole FG-20-369 intercepted 32 meters of 3.0 g/t gold starting at 22 meters and discovered a new zone with 10 meters of 3.9 g/t gold starting at 237 meters at the FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia.
Kore Mining Files Technical Report for Positive Imperial Gold Project Preliminary Economic Assessment
PR Newswire•2 months ago
Kore Mining Files Technical Report for Positive Imperial Gold Project Preliminary Economic Assessment

KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce it has filed the technical report ("TR") supporting the positive Preliminary Economic Assessment ("PEA") for the Company's 100% owned Imperial Oxide Gold Deposit ("Imperial" or "Project"), located in California, USA.
KORE Mining Drills 76.5 Meters of 1.1 g/t Gold at Surface in First Hole at FG Gold Project and Finds Quartz Veining Below Existing Resource
PR Newswire•2 months ago
KORE Mining Drills 76.5 Meters of 1.1 g/t Gold at Surface in First Hole at FG Gold Project and Finds Quartz Veining Below Existing Resource

KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to provide an update and early results from the FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. Eight large diameter (HQ) core drill holes for a total of 1,577 meters have been completed and the Company intends to continue drilling once spring break-up is complete in mid-June. Assays from the top of the first hole are included in this news release.
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KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce the closing of the $3,000,000 non-brokered private placement consisting of 6,666,666 shares at a price of $0.45 per share (the "Private Placement"), announced on May 8, 2020. With the completion of this financing, KORE is well funded to aggressively explore its advanced stage and district scale opportunities, while continuing to advance the Imperial project permitting.
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Company Profile

885 West Georgia Street
Suite 2200
Vancouver, BC V6C 3E8
Canada
888-407-5450
http://www.koremining.com

Sector(s): Basic Materials
Industry: Gold
Full Time Employees:

KORE Mining Ltd. engages in the exploration and development of mineral resource properties. The company holds a 100% interest in the Imperial project that consists of 1,007 claims covering an area of approximately 26,323 acres located in Imperial County, southeastern California; and the Long Valley gold development project, which comprises 95 mining claims located in Mono County, east-central California. It also owns a 100% interest in the FG gold project that consists of 35 contiguous claims covering an area of 13,008 hectares located in the Cariboo region of British Columbia; and the Gold Creek project consisting of 34 claims totaling an area of 9,673 hectares located to the northwest of the Spanish Mountain deposit. The company is headquartered in Vancouver, Canada.
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KORE Mining Drills 11.0 Meters of 10.0 g/t Gold Near Surface and Extends Lower Zone Discovery with 52.5 Meters of 1.1 g/t Gold at FG Gold Project
[PR Newswire]
PR Newswire•July 23, 2020

5,000 Meter Program Underway to Test Additional Two Kilometers of Strike

VANCOUVER, BC, July 23, 2020 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") announces that drill hole FG-20-373 intercepted 11.0 meters of 10.0 g/t gold starting at 44.0 meters downhole in the Upper Zone of the FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. Drilling has also extended the June 2020 Lower Zone discovery with a new intercept of 52.5 meters of 1.1 g/t gold starting at 122.5 meters downhole in drill hole FG-20-375. This news release reports six drill holes on two cross-sections ("Sections") extending across 250 meters of strike length.

Highlights

Continued to define Upper Zone with:
Extended Lower Zone discovery with 52.5 meters of 1.1 g/t gold at 122.5 meters in FG-20-375
Continued to see higher gold grades from large diameter, oriented core and metallic screen assays
Silver assays, rarely assayed for historically, as high as 116 g/t over 1 meter in metallic screens indicate some silver potential
Additional two kilometers mineralized strike targeted with on-going 5,000 meter drill program
Project remains open at depth and along almost the entire 20-kilometer trend representing a district scale exploration opportunity

KORE CEO Scott Trebilcock commented, "Our objective is to upgrade the current FG Gold resource, make down-dip discoveries and demonstrate the district scale of the FG Gold project. I am pleased to report we are well on our way! Drilling is exceeding our expectations and with financing from Eric Sprott we have extended the program to test an additional 2 km of strike on the known resource. A separate team is conducting soil sampling and mapping of the under-explored 10 km SW limb and Kusk area of the same trend."

With the close on July 22, 2020 of the first tranche of the $7.5 million financing with Eric Sprott, KORE has commenced a new 5,000 meter drill program to further delineate the existing resource and test on-strike and downdip extensions along a strike length of over 2 kilometers ("km"). Drilling is underway and three new holes have been completed to date with assays pending. These three holes have also encountered quartz veining, alteration, and deformation consistent with the first 8 drill holes and have been drilled downdip of the existing resource area.

KORE has also mobilized a soil sampling crew to the SW Limb Zone, South Zone, and Kusk Zone, the underexplored areas of the 20-km trend defined by gold in soils and geophysics– see Figure 1 for location details.

The district scale of the FG Gold project is shown Figure 1. The 20-km district trend traces the mineralized rock group around the regional syncline. Shallow historic drilling averaged only 93 meters deep, leaving the mineralization 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 connection to a potential porphyritic intrusion.

Exploration Program Details

Eight large diameter (HQ) oriented core drill holes for a total of 1,577 meters ("m") were completed in April 2020. Assays from six holes, FG-20-370 through FG-20-375 are reported in this release. Holes FG-20-368 and FG-20-369 were previously reported in a news release dated June 10, 2020. A plan map of the drill collars and traces is included in Figure 3 including the location of the two target Sections. Figures 4 and 5 show the eight holes in section.

The full table of results are included below. Detailed core logs and photos are available on KORE's website.

Due to coarse visible gold, metallic screening assays provide a much more representative sample versus conventional fire assays. Historical drilling and assays had limited and sporadic metallic screen analyses which may have underestimated historical gold grades.

Structural Interpretation

A structural analysis and re-interpretation of historical drilling carried out prior to initiation of 2020 drilling by KORE highlighted significant potential for structurally-controlled high grade gold zones occurring in a predictable and repeating fashion at the Project. 2020 drilling was designed to test the structural hypothesis that repeating high grade gold zones were predictably positioned in fold hinge regions of the deformed host rock. The orientation [azimuth] of the drilling was intended to delineate potential continuous 'mineral-shoots' within the mineralized zones.

Drill holes FG 20-372 and FG 20-374 are interpreted to have successfully targeted multiple [stacked] fold hinge regions within and beyond the mineralized zones.

The stratigraphic down-dip depth of drilling was beyond that of historical drilling, leading to the discovery of the Lower Zone, below the current resource. The Lower Zone is a continuation of significant gold mineralization in the down-dip direction [Southwest] from the current mineralized zones and resource. Additionally, drill holes FG-20-370, FG 20-373, and FG 20-375 ended in significant gold mineralized zones at depths that had not been previously tested.

To date, the results from the 2020 drilling program are very encouraging to KORE. They provide confidence in the structural interpretation employed to target high grade mineral-shoots and down-dip continuation of significant gold mineralization.

KORE's ongoing 5,000m drill program is aggressively stepping-out up to 200 meters downdip and along strike. The program is targeting the continuation of known gold-mineralized [orogenic] quartz veins further down-dip and along strike within prospective and un-tested regions of the targeted [phyllite] host rock.

Details of Metallic Screen Assaying

Metallic screen assays are often used in exploration when coarse or visible gold is present in the core as we have here at the FG Gold Project. Traditionally, fire assays are undertaken on 30-50 grams of pulverised sample. The metallic screen fire assay uses a larger sample (1 kilogram in KORE's case), with screening (to -106 micron) to separate coarse gold particles from fine material. After screening, two samples of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous. The entire coarse fraction is assayed to determine the contribution of the coarse gold. This method helps reduce the erratic assay results often seen in the higher-grade zones found in "nuggety" gold deposits such as the FG Gold Project. All assays are performed at accredited independent commercial assay labs.

Detailed Drill Hole Assays Tables

Hole FG-20-368 (previously reported)



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


5.5


82.0


76.5


1.1


Upper

including


5.5


18.0


12.5


1.2


including


27.0


35.0


8.0


1.6


including


56.0


82.0


26.0


2.0


and including


81.0


82.0


1.0


28.4


and


106.0


110.0


4.0


0.6


Upper

and (new)


185.0


195.0


10.0


0.8


Lower

Hole FG-20-369 (previously reported and amended to include long intercept)



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


29.0


240.0


211.0


0.9


Upper and Lower

including


22.0


54.0


32.0


3.0


Upper

including


29.0


51.5


22.5


4.0


including


29.0


30.0


1.0


42.5


including


102.5


118.0


15.5


0.7


Upper

including


192.5


213.5


21.0


0.9


Lower

And


237.0


247.0


10.0


3.9


Lower

and including


239.0


240.0


1.0


33.9


Hole FG-20-370



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


19.0


70.0


51.0


1.6


Upper

including


19.0


36.0


17.0


2.7


including


34.0


35.0


1.0


23.7


including


55.0


70.0


15.0


2.0


including


58.0


59.0


1.0


17.5


And


128.0


145.0


17.0


1.2


Lower

And


173.0


183.0


10.0


1.8


Lower

Hole FG-20-371



From
(meters)


To
meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


91.0


116.0


25.0


0.6


Upper

Hole FG-20-372



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


24.0


122.0


98.0


1.0


Upper

including


25.0


30.0


5.0


6.5


including


28.0


29.0


1.0


22.5


including


61.0


62.0


1.0


14.2


Hole FG-20-373



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


24.0


58.0


34.0


4.0


Upper

including


43.0


54.0


11.0


10.0


including


44.0


45.0


1.0


24.3


and including


52.0


53.0


1.0


72.4


And


146.0


152.0


6.0


0.8


Lower

And


180.0


193.0


13.0


0.8


Lower

And


226.0


235.0 (EOH)


9.0


1.1


Lower

Hole FG-20-374



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


8.0


46.0


38.0


1.0


Upper

including


43.0


44.0


1.0


25.3


And


112.0


144.0


32.0


0.7


Lower

including


112.0


133.0


21.0


0.8


Hole FG-20-375



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


26.5


52.0


25.5


0.7


Upper

And


122.5


175.0 (EOH)


52.5


1.1


Lower


* KORE has not been able to determine true width yet due to complexity of the vein structures within the mineralized zones. KORE's current drill program is designed to better understand the geometry and how the mineralized zones are related. The orientation of individual quartz veins within the mineralized zones are quite variable. Reported widths are drill indicated core length and not true width, for the reasons above. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.

Hole location data is included at the end of this release.

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. 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 (Kusk Zone Target) (see Figure 1).

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

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 20km 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 93m 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.

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 reverse circulation ("RC") drilling and narrow core to generate shallow bulk-disseminated gold intercept models. Within the current resource there appears to be mineralized corridors or chutes that are open at depth in the host rock.

The current resource at the FG Gold project is as follows:

Classification


Size (tonnes)


Grade (g/t)


Au (oz)


Au Cutoff (g/t)

Measured


5,600,000


0.812


145,000


0.50

Indicated


9,570,000


0.755


231,000


0.50

Inferred


27,493,000


0.718


634,900


0.50

More information on the FG Gold Project and resource is available in the "NI 43-101 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 filed under Kore's Profile on SEDAR at www.sedar.com and on KORE's website at www.koremining.com.

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; and insiders, together with the management and Board, own approximately 66% of the basic shares outstanding.

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

QA/QC and Qualified Person

Once the drill core was received from the drill site, individual samples were determined, logged for geological attributes, sawn in half, labelled, and bagged for assay submittal. The remaining drill core was then stored at a secure site in Horsefly, BC. The Company inserted quality control samples at regular intervals within the sample stream which included blanks, preparation duplicates, and standard reference materials with all sample shipments intended to monitor laboratory performance. Sample shipment was conducted under a chain of custody procedure.

Drill core samples were submitted to Bureau Veritas' analytical facility in Vancouver, British Columbia for preparation and analysis. Sample preparation included drying and weighing the samples, crushing the entire sample, and pulverizing 250 grams. Analysis for gold was by method FA450: 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and upper limit of 10 ppm. Gold assays greater than 10ppm are automatically analysed by method FA550: 50g fire assay fusion with a gravimetric fusion. Metallic screen techniques were employed to assay gold mineralized zones thought to contain coarse gold. Approximately 1000 grams of coarse reject material are pulverized and screened. Two splits of the fine fraction are assayed, as well as all material that does not pass through the screen (the coarse fraction). The final gold assay reported is a weighted average of the coarse and fine fractions.

Bureau Veritas is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. Parameters for Bureau Veritas' internal and Kore's external blind quality control samples were acceptable for the analyses returned.

Technical information with respect to the Project contained in this news release has been reviewed and approved by Marc Leduc, P.Eng, who is KORE's COO and is the qualified person under National Instrument 43-101 responsible for the technical matters of this news release.

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 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.

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 year ended December 31, 2019 prepared as of April 27, 2020 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.

Cautionary Note Regarding Mineral Resource Estimates: Information regarding mineral resource estimates has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States Securities and Exchange Commission ("SEC") Industry Guide 7. In October 2018, the SEC approved final rules requiring comprehensive and detailed disclosure requirements for issuers with material mining operations. The provisions in Industry Guide 7 and Item 102 of Regulation S-K, have been replaced with a new subpart 1300 of Regulation S-K under the United States Securities Act and will become mandatory for SEC registrants after January 1, 2021. The changes adopted are intended to align the SEC's disclosure requirements more closely with global standards as embodied by the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), including Canada's NI 43-101 and CIM Definition Standards. Under the new SEC rules, SEC registrants will be permitted to disclose "mineral resources" even though they reflect a lower level of certainty than mineral reserves. Additionally, under the New Rules, mineral resources must be classified as "measured", "indicated", or "inferred", terms which are defined in and required to be disclosed by NI 43-101 for Canadian issuers and are not recognized under SEC Industry Guide 7. An "Inferred Mineral Resource" has a lower level of confidence than that applying to an "Indicated Mineral Resource" and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of "Inferred Mineral Resources" could be upgraded to "Indicated Mineral Resources" with continued exploration. Accordingly, the mineral resource estimates and related information may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal laws and the rules and regulations thereunder, including SEC Industry Guide 7.

Figure 1 – Property Map with Exploration Zones and Projected Trend (CNW Group/Kore Mining)
Figure 1 – Property Map with Exploration Zones and Projected Trend (CNW Group/Kore Mining)

Figure 2 – Conceptual Regional Cross Section R - R’ (CNW Group/Kore Mining)
Figure 2 – Conceptual Regional Cross Section R - R’ (CNW Group/Kore Mining)

Figure 3 – Plan map of FG-20-368 to FG-20-375 (CNW Group/Kore Mining)
Figure 3 – Plan map of FG-20-368 to FG-20-375 (CNW Group/Kore Mining)

Figure 4 – Cross Section Showing Hole FG-20-368 to FG20-371 (CNW Group/Kore Mining)
Figure 4 – Cross Section Showing Hole FG-20-368 to FG20-371 (CNW Group/Kore Mining)

Figure 5 – Cross Section Showing Hole FG-20-372 to FG20-375 (CNW Group/Kore Mining)
Figure 5 – Cross Section Showing Hole FG-20-372 to FG20-375 (CNW Group/Kore Mining)

Drill Hole Locations

Location, azimuth, dip and lengths for drill holes in this news release are listed in the following table:

HoleID


East


North


Elevation


Length


Azimuth


Dip

FG-20-368


665196


5797758


1525


196


229


-70

FG-20-369


665196


5797758


1525


250


231


-55

FG-20-370


665212


5797734


1525


187


218


-75

FG-20-371


665189


5797779


1525


181


228


-68

FG-20-372


665290


5797637


1526


178


223


-75

FG-20-373


665290


5797637


1526


235


227


-53

FG-20-374


665306


5797611


1526


181


225


-60

FG-20-375


665276


5797653


1526


175


225


-60


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KORE Mining Accelerates Exploration With Closing of the First Tranche of the $7.5 Million Strategic Investment With Eric Sprott
[PR Newswire]
PR Newswire•July 22, 2020

VANCOUVER, BC, July 22, 2020 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce the closing of the first tranche of the previously announced $7,500,000 non-brokered private placement consisting of 6,000,000 units at a price of $1.00 per unit ("Non-FT Units") and 1,000,000 units of flow through units at $1.50 ("FT Units") (collectively, the "Private Placement"). The first tranche, which closed today, consists of the 6,000,000 Non-FT Units for gross proceeds of $6,000,000, with the second tranche of the financing expected to close on or before July 29, 2020.

Scott Trebilcock, President and CEO stated, "We are already putting Eric's funding to work. At FG Gold in BC we have mobilized soil sampling on 10 kilometres of un-explored strike and have extended drilling with a planned 5,000 additional meters. At Imperial regional exploration soils and geophysics targeting work is underway in parallel with permitting the follow-on drill programs at Imperial and Long Valley. KORE's objective is to be continuously drilling across our portfolio for the foreseeable future."

Eric Sprott commented, "KORE owns 100% of three district scale gold projects, all with shallow high-quality drill targets. With this financing, the Imperial PEA and the resources in the ground to back-stop value, KORE is set up to deliver out-sized returns and I have positioned myself as their largest shareholder."

Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, purchased 6,000,000 Non-FT Units for total consideration of $6,000,000. Prior to the close of this first tranche of the Private Placement, Mr. Sprott beneficially owned and controlled 20,318,444 Shares, representing approximately 20.7% of the outstanding shares. Mr. Sprott now beneficially owns and controls 26,318,444 shares and 3,000,000 warrants, representing approximately 25.3% of the outstanding shares and 27.4% on a partially diluted basis assuming exercise of the warrants.

The Non-FT Units were acquired by Mr. Sprott, through 2176423 Ontario for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of KORE including on the open market or through private acquisitions or sell securities of KORE, including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of 2176423 Ontario's early warning report will appear on KORE's profile on SEDAR at www.sedar.com and may also be obtained by calling Mr. Sprott's office (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1). All securities to be issued pursuant to the Private Placement are subject to a four month hold period and for the securities issued under the first tranche, will expire on November 23, 2020.

The participation of Mr. Sprott as a subscriber in the Private Placement is

I’m 100% long as well. Sprott onboard. I jumped in during February - before recent run up. Lot more upside IMO.

core position i will hold long / this is just getting started imo

KORE Mining Announces Further $7.5 Million Strategic Investment by Eric Sprott to Accelerate Growth


https://finance.yahoo.com/news/kore-mining-announces-further-7-131000455.html

VANCOUVER, BC , June 29, 2020 /CNW/ - KORE Mining Ltd. (KORE.V) (KOREF) ("KORE" or the "Company") is pleased to announce it intends to complete a non-brokered private placement to raise gross proceeds of up to $7,500,000 consisting of 6,000,000 subscription receipts at a price of $1.00 per unit ("Non-FT Units") and 1,000,000 subscription receipts for flow through units at $1.50 ("FT Units") (collectively the "Private Placement"), subject to the approval of the TSX Venture Exchange and required shareholder approval.

The Non-FT Units are being fully subscribed and invested into by Mr. Eric Sprott , through 2176423 Ontario Ltd., a corporation beneficially controlled by him. Assuming full conversion of the entirety of the subscription receipts in the Private Placement, Mr. Sprott's ownership will be approximately 22.53% on a non-diluted basis.

Mr. Eric Sprott commented, "I believe KORE is extremely under-valued and have positioned myself as their largest shareholder with over $12 million invested over the last ten months. KORE owns 100% of three district scale exploration opportunities, all with shallow high-quality drill targets. Add to that the Imperial PEA and the resources in the ground to back-stop value, KORE is setup to deliver out-sized returns."

Scott Trebilcock , President and CEO stated, "Mr. Sprott is a cornerstone investor in KORE and supports our vision to deliver value through exploration and development. KORE will use the new capital to aggressively pursue our highest priority drill targets and accelerate Imperial into permitting."

Proceeds from the Private Placement will be placed in escrow on the closing, to be released to KORE on the receipt of all necessary shareholder and regulatory approvals (the "Approvals") to the creation of a new "Control Person" (as defined in the policies of the TSX Venture Exchange). On conversion, each subscription receipt will automatically convert into one Non-FT Unit and FT Unit, for no additional consideration. In the event that the Approvals are not obtained by October 31, 2020 , each Subscription Receipt will be cancelled, and the subscription funds will be returned. Mr. Sprott currently owns 16,318,444 common shares of KORE, representing 16.91% of the issued common shares on a non-diluted and on a fully diluted basis and is not a specified person in relation to KORE within the meaning of the Income Tax Act ( Canada ). The Private Placement, if converted and subject to the Approvals, will result in Mr. Sprott becoming a "control person" and will bring the balance of his interest in the Company to approximately 22.53% on a non-diluted basis and 25.07% on a partially diluted basis, assuming the full exercise of Mr. Sprott's Warrants.

Each Non-FT Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each FT Unit will be comprised of one flow through common share of the Company and one-half of one Warrant. Each Warrant shall be exercisable to acquire one Common Share (a "Warrant Share") at a price of $1.50 per Warrant Share for a period of 24 months from the closing of the Private Placement.

Net proceeds of the Private Placement are expected to advance KORE's 100% owned gold portfolio including Imperial ( California ), FG Gold (BC) and Long Valley ( California ) as well as for general corporate and working capital purposes.

The gross proceeds from the sale of the FT Shares will be used for expenditures which qualify as "Canadian exploration expenses" and "flow-through mining expenditures" both within the meaning of the Income Tax Act ( Canada ).

The securities to be acquired by Mr. Sprott in the Private Placement are for investment purposes only. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company, including on the open market or through private acquisitions, or sell securities of the Company, including through the open market or through private dispositions, in the future, depending on market conditions, reformation of plans, and/or other relevant factors.

All securities to be issued pursuant to the Private Placement will be subject to a four month hold period from the closing date under applicable securities laws in Canada and among other things, receipt by KORE of all necessary regulatory approvals, including the TSX Venture Exchange and required shareholder 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, who, together with the management and Board currently 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

The securities to be issued under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of KORE's securities 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, the successful closing of the Private Placement (including the receipt of TSX Venture Exchange approval and obtaining the required shareholder approval for the Private Placement) and the final proceeds received, 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 report titled "Preliminary Economic Assessment – Technical Report Imperial Gold Project" effective as of April 6, 2020 and issued on May 19, 2020 , 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 year ended December 31, 2019 prepared as of April 27, 2020 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.

SOURCE Kore Mining


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KORE Mining Mobilizes New Exploration Program at Mesquite East and Imperial West
[PR Newswire]
PR Newswire•June 23, 2020

District Scale Exploration Targeting High-Priority Structures for Near Surface Gold Discoveries

VANCOUVER, BC, June 23, 2020 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce is mobilizing a ground geophysics and surface sampling program ("New Exploration Program") on the Mesquite East and Imperial West areas of the Mesquite-Imperial-Picacho District exploration project ("District") to generate further drill targets. KORE is also permitting the highest priority drill pads for District targets towards the Mesquite Mine (Equinox Gold | TSX:EQX) and in and around the current Imperial resource.

Highlights

Previous rounds of geophysics confirmed district scale with 19 km of anomalies
New Exploration Program will further define specific drill targets
Drill pad permitting in progress to test highest priority current targets at the following areas:
Eastern 9 km of District to Picacho and the Ogilby area remains unexplored and a future opportunity

Next Steps

New Exploration Program results expected in July and August 2020
Drill permits expected in the fall 2020 could accommodate a multi-phased drill program
Initial drill program a minimum of 5,000 meters (mix RC and core drilling)

Scott Trebilcock, President and CEO of KORE, stated, "Imperial County is a prolific mining District with almost 150 years of modern gold mining history. The Mesquite-Imperial-Picacho District trend is a high priority to expand KORE's already large resource base. KORE will be targeting both near surface resources to enhance the Imperial project PEA while targeting blue-sky new discoveries on our 26,000 acres of claims. The work kicked off today will help us prioritise the large array of District targets and we are excited to explore this district with modern exploration methods, never used before in this district."

Figure 1 shows the Mesquite-Imperial-Picacho District claims in relation to KORE's Imperial project, the operating Mesquite mine and the closed Picacho mine. Figure 2 depicts the western half of the District (Mesquite-Imperial) with the three newly defined target areas with main interpreted target structures.

KORE owns 100% of the District which consists of 26,323 acres on 1,007 claims captures the entire 28-kilometer trend from the operating Mesquite mine (Equinox Gold | TSX:EQX) to the closed Picacho mine and including KORE's Imperial project. In the District, gold is hosted in local fault structures related to a series of regional faults connecting the known District deposits. Those 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 and target deposits under the alluvium and make new discoveries along the trend.

Previously, KORE completed two rounds of ground geophysics, the first to "tune" the system over its Imperial deposit and the second to define exploration targets on the western half of the District exploration project. Details of previous targeting work were released January 7, 2020 and April 29, 2020.

Click here to for a video walk-through of District exploration interpretation.

Drill permits at Imperial are with the US Federal agency, the Bureau of Land Management ("BLM"). KORE is completing a Plan of Operations process for the permits which is expected to take three to six months. KORE is committed to operate to the stringent environmental and labour standards of California. KORE plans to concurrently reclaim drill pad locations and ensure measures are taken to mitigate any impacts to biological and cultural resources.

About Imperial Project

The Mesquite-Imperial-Picacho District centers on KORE's Imperial project. Imperial is a structurally controlled intermediate sulfidation epithermal gold deposit. The 100% 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.

Imperial has a mineral resource estimate and a positive preliminary economic assessment effective April 6, 2020 with the following highlights (see also Figure 3):

Robust economics: US$ 343 million NPV5% post-tax with 44% IRR at US$1,450 per ounce gold
Low capital intensity project with only US$ 143 million pre-production capital cost
146,000 ounces gold per year over 8 years for 1.2 million ounces total production
Technically simple project: shallow open pit, run-of-mine heap leach with existing infrastructure
Value enhancement through Mesquite-Imperial-Picacho District exploration and resource expansion

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 approximately 65% of the basic shares outstanding.

Further information on KORE and its assets can be found on the Company's updated 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

Qualified Person
Technical information with respect to the Project contained in this news release has been reviewed and approved by Marc Leduc, P.Eng, who is KORE's COO and is the qualified person under National Instrument 43-101 responsible for the technical matters of this news release.

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 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.

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 year ended December 31, 2019 prepared as of April 27, 2020 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.

Cautionary Note Regarding Mineral Resource Estimates: Information regarding mineral resource estimates has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States Securities and Exchange Commission ("SEC") Industry Guide 7. In October 2018, the SEC approved final rules requiring comprehensive and detailed disclosure requirements for issuers with material mining operations. The provisions in Industry Guide 7 and Item 102 of Regulation S-K, have been replaced with a new subpart 1300 of Regulation S-K under the United States Securities Act and will become mandatory for SEC registrants after January 1, 2021. The changes adopted are intended to align the SEC's disclosure requirements more closely with global standards as embodied by the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), including Canada's NI 43-101 and CIM Definition Standards. Under the new SEC rules, SEC registrants will be permitted to disclose "mineral resources" even though they reflect a lower level of certainty than mineral reserves. Additionally, under the New Rules, mineral resources must be classified as "measured", "indicated", or "inferred", terms which are defined in and required to be disclosed by NI 43-101 for Canadian issuers and are not recognized under SEC Industry Guide 7. An "Inferred Mineral Resource" has a lower level of confidence than that applying to an "Indicated Mineral Resource" and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of "Inferred Mineral Resources" could be upgraded to "Indicated Mineral Resources" with continued exploration. Accordingly, the mineral resource estimates and related information may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal laws and the rules and regulations thereunder, including SEC Industry Guide 7.
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KORE Mining Drills 32 Meters of 3.0 g/t Gold Near Surface and Discovers New Zone with 10 Meters of 3.9 g/t Gold Below Existing FG Gold Resource
[PR Newswire]
PR Newswire•June 10, 2020

Metallic Screen Assays Pending on Six Holes with Drilling Re-start In Coming Weeks

VANCOUVER, BC, June 10, 2020 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce drill hole FG-20-369 intercepted 32 meters of 3.0 g/t gold starting at 22 meters and discovered a new zone with 10 meters of 3.9 g/t gold starting at 237 meters at the FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia.

Due to the results to date, the Company is preparing to commence an extended drilling program to further delineate the existing resource and test on-strike and downdip extensions.

Highlights

Lower Zone discovery: 10 meters of 3.9 g/t gold starting at 237 meters in FG-20-369 including:
Upper Zone intercept: 32.0 meters of 3.0 g/t gold starting at 22.0 meters in FG-20-369 including:
Large diameter, oriented core and metallic screen assays have upgraded past drilling
Mineralization remains open at depth and along almost the entire 20-kilometer trend representing a district scale exploration opportunity for further discovery and resource expansion

Eight large diameter (HQ) oriented core drill holes for a total of 1,577 meters were completed in April 2020. Assays from the first two holes are included in this news release. The remaining holes FG-20-370 to FG-20-375 (metallic screen assays pending) all intercepted zones of quartz veining, within the existing resource and newly identified quartz veins below the existing resource. The remaining holes assess both the "upper zone" and newly discovered "lower zone" in a similar manner as FG-368/69 assessed the section discussed in this release.

The full table of results are included below. Detailed core logs and photos are available at: www.koremining.com/exploration-highlights.

KORE CEO Scott Trebilcock commented, "Seeing high grade intercepts associated with visible gold in the core, validates our excitement about the FG Gold project. With the discovery in the Lower Zone, high core recovery to define structure and metallic screens upgrading assays, we are hitting all our objectives and will continue drilling after spring breakup later in June."

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 low to moderately 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 connection to a potential porphyritic intrusion.

Due to coarse visible gold, metallic screening assays provide a much more representative sample versus conventional fire assays. Historical drilling and assays had limited and sporadic metallic screen analyses which may have underestimated historical gold grades.

Details of Core Holes FG-20-368 and FG-20-369

Hole FG-20-368 was targeting the structural controls for known mineralization, and looking to extend the mineralization down the host rock structure. Hole FG-20-368 encountered seven quartz vein intervals with assays compiled in tables below.

Hole FG-20-369 was drilled as a scissor hole from the same pad and also encountered quartz veining and two incidences of coarse visible gold (see Figure 4). A cross section of the two holes is presented as Figure 3. FG-20-369 intercepted 13 quartz veins between 5.5 and 250 meters down-hole which tested an additional 100 meters below the previous resource. A total of ten quartz vein intercepts in FG-20-368 and FG-20-369 were encountered below the depth of historic drilling.

Holes 368 and 369 were started below the hanging wall of the "upper zone". As additional holes are drilled in this section, they will be drilled through the entirety of the "upper zone" while exploring both the thickness of the "lower zone" and downdip extension of both zones.

As more assay data comes in KORE will be conducting structural analysis and interpretation.

Hole FG-20-368

Top 110 meters of assays previously released May 19, 2020 and set again below including the latest data:



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


5.5


82.0


76.5


1.1


Upper

including


5.5


18.0


12.5


1.2


including


27.0


35.0


8.0


1.6


including


56.0


82.0


26.0


2.0


and including


81.0


82.0


1.0


28.4


and


106.0


110.0


4.0


0.6


Upper

and (new)


185.0


195.0


10.0


0.8


Lower

Hole FG-20-369



From
(meters)


To
(meters)


Width*
(meters)


Gold (g/t)


Zone

Intercept


22.0


54.0


32.0


3.0


Upper

including


29.0


51.5


22.5


4.0


including


29.0


30.0


1.0


42.5


and


102.5


118.0


15.5


0.7


Upper

and


192.5


213.5


21.0


0.9


Lower

and


237.0


247.0


10.0


3.9


Lower

including


239.0


240.0


1.0


33.9


* True widths are unknown at this time and will be updated when full review and interpretation of oriented core measurements has been completed

Details of Metallic Screen Assaying

Metallic screen assays are often used in exploration when coarse or visible gold is present in the core as we have here at the FG Gold Project. Traditionally, fire assays are undertaken on 30-50 grams of pulverised sample. The metallic screen fire assay uses a larger sample (1 kilogram in our case), with screening (to -106 micron) to separate coarse gold particles from fine material. After screening, two samples of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous. The entire coarse fraction is assayed to determine the contribution of the coarse gold. This method helps reduce the erratic assay results often seen in the higher-grade zones found in "nuggety" gold deposits such as the FG Gold Project. All assays are performed at accredited independent commercial assay labs.

At the FG Gold Project, the results demonstrate an increase in gold grade using metallic screen assays in all grade ranges, especially above 1.0 g/t. Of the 9 samples traditional fire assaying higher than 5.0 g/t, metallic screening increased the grade of these assays by 48%, on average. Of the 31 samples traditional fire assaying between 1.0 g/t and 5.0 g/t, metallic screening increased the grade of these assays by 16% on average. Of the 42 samples assaying between 0.5 g/t and 1.0 g/t, metallic screening increased the grade of these assays by 10% on average. Of the 45 samples assaying between 0.3 g/t and 0.5 g/t, metallic screening increased the grade of these assays by 1% on average. These initial results indicate that upgrading of the fire assay results by metallic screen is an effective tool for assaying intervals above the currently used cut-off grade of the deposit (0.5 g/t).

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. 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 (Kusk Zone Target) (see Figure 1).

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

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.

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.

The current resource at the FG Gold project is as follows:

Classification


Size (tonnes)


Grade (g/t)


Au (oz)


Au Cutoff (g/t)

Measured


5,600,000


0.812


145,000


0.50

Indicated


9,570,000


0.755


231,000


0.50

Inferred


27,493,000


0.718


634,900


0.50

More information on the FG Gold Project and resource is available in the "NI 43-101 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.

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 approximately 65% of the basic shares outstanding.

Further information on KORE and its assets can be found on the Company's updated 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

QA/QC and Qualified Person

Once the drill core was received from the drill site, individual samples were determined, logged for geological attributes, sawn in half, labelled, and bagged for assay submittal. The remaining drill core was then stored at a secure site in Horsefly, BC. The Company inserted quality control samples at regular intervals within the sample stream which included blanks, preparation duplicates, and standard reference materials with all sample shipments intended to monitor laboratory performance. Sample shipment was conducted under a chain of custody procedure.

Drill core samples were submitted to Bureau Veritas' analytical facility in Vancouver, British Columbia for preparation and analysis. Sample preparation included drying and weighing the samples, crushing the entire sample, and pulverizing 250 grams. Analysis for gold was by method FA450: 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and upper limit of 10 ppm. Gold assays greater than 10ppm are automatically analysed by method FA550: 50g fire assay fusion with a gravimetric fusion. Metallic screen techniques were employed to assay gold mineralized zones thought to contain coarse gold. Approximately 1000 grams of coarse reject material are pulverized and screened. Two splits of the fine fraction are assayed, as well as all material that does not pass through the screen (the coarse fraction). The final gold assay reported is a weighted average of the coarse and fine fractions.

Bureau Veritas is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. Parameters for Bureau Veritas' internal and Kore's external blind quality control samples were acceptable for the analyses returned.

Technical information with respect to the Project contained in this news release has been reviewed and approved by Marc Leduc, P.Eng, who is KORE's COO and is the qualified person under National Instrument 43-101 responsible for the technical matters of this news release.

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 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.

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 year ended December 31, 2019 prepared as of April 27, 2020 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.

Cautionary Note Regarding Mineral Resource Estimates: Information regarding mineral resource estimates has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States Securities and Exchange Commission ("SEC") Industry Guide 7. In October 2018, the SEC approved final rules requiring comprehensive and detailed disclosure requirements for issuers with material mining operations. The provisions in Industry Guide 7 and Item 102 of Regulation S-K, have been replaced with a new subpart 1300 of Regulation S-K under the United States Securities Act and will become mandatory for SEC registrants after January 1, 2021. The changes adopted are intended to align the SEC's disclosure requirements more closely with global standards as embodied by the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), including Canada's NI 43-101 and CIM Definition Standards. Under the new SEC rules, SEC registrants will be permitted to disclose "mineral resources" even though they reflect a lower level of certainty than mineral reserves. Additionally, under the New Rules, mineral resources must be classified as "measured", "indicated", or "inferred", terms which are defined in and required to be disclosed by NI 43-101 for Canadian issuers and are not recognized under SEC Industry Guide 7. An "Inferred Mineral Resource" has a lower level of confidence than that applying to an "Indicated Mineral Resource" and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of "Inferred Mineral Resources" could be upgraded to "Indicated Mineral Resources" with continued exploration. Accordingly, the mineral resource estimates and related information may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal laws and the rules and regulations thereunder, including SEC Industry Guide 7.

Figure 1 – Property Map with Exploration Zones and Projected Trend (CNW Group/Kore Mining)
Figure 1 – Property Map with Exploration Zones and Projected Trend (CNW Group/Kore Mining)

Figure 2 – Conceptual Regional Cross Section R - R’ (CNW Group/Kore Mining)
Figure 2 – Conceptual Regional Cross Section R - R’ (CNW Group/Kore Mining)

Figure 3 – Cross Section Showing Hole FG-20-368 and -369 (CNW Group/Kore Mining)
Figure 3 – Cross Section Showing Hole FG-20-368 and -369 (CNW Group/Kore Mining)

Figure 4 – Sample Visible Gold from Core Logs (CNW Group/Kore Mining)
Figure 4 – Sample Visible Gold from Core Logs (CNW Group/Kore Mining)


Cision
Cision

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KORE Mining Mobilizes New Exploration Program at Mesquite East and Imperial West

Kore's latest press release:

KORE Mining Drills 32 Meters of 3.0 g/t Gold Near Surface and Discovers New Zone with 10 Meters of 3.9 g/t Gold Below Existing FG Gold Resource

6/10/20 Release

Short interview with Kore's President and CEO:

May 20, 2020 Corporate Presentation:

Excellent overview of the company - all potential investors should read

Kore Mining's website

New Press Release 5/20/20

VANCOUVER, May 20, 2020 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce it has filed the technical report ("TR") supporting the positive Preliminary Economic Assessment ("PEA") for the Company's 100% owned Imperial Oxide Gold Deposit ("Imperial" or "Project"), located in California, USA.

https://finance.yahoo.com/news/kore-mining-files-technical-report-130000165.html

New Press Release just out:

https://finance.yahoo.com/news/kore-mining-drills-76-5-144000587.html

KORE Mining Drills 76.5 Meters of 1.1 g/t Gold at Surface in First Hole at FG Gold Project and Finds Quartz Veining Below Existing Resource

Click above link to view full release.

I have been in and following Kore Mining since it was in the .16 cents (US) range.

Here is a link to their site:

Kore Mining Ltd.

KORE Mining Ltd (TSXV: KORE; OTCQB: KOREF) has four 100% owned gold projects in California (Imperial and Long Valley) and British Columbia (FG Gold and Gold Creek). KORE recently released a positive preliminary economic assessment at its Imperial gold project and is exploring to grow its already large gold resource base at FG Gold, Long Valley and Imperial. KORE has attracted strategic investors Macquarie Bank and Eric Sprott. KORE management is aligned with shareholders, owning 50% of the shares outstanding.

Here is a link to the a recent press release noting Eric Sprott has purchased additional shares. This time, $3,000,000 worth at .45 cents.

https://finance.yahoo.com/news/kore-mining-announces-3-million-130000960.html