Highlights
- PEA results expected by early Q2 2020
- Simple run-of-mine heap leaching (no crushing)
KORE's COO,
KORE has engaged Global Resource Engineering (
KORE anticipates completion of the PEA by early Q2 2020. The engineering work completed for the PEA will also be used to complete a new Plan of Operations which is a key document to re-start the permitting process for Imperial.
About Imperial Deposit
The current gold mineral resource estimate for Imperial is 877,000 ounces of indicated and 1,336,000 ounces of inferred from 45.7 million tonnes of 0.59 grams per tonne and 90.9 million tonnes of 0.46 grams per tonne, respectively. The mineral resource estimate was prepared by
Imperial is a structurally controlled intermediate epithermal gold deposit. The oxide gold Deposit is currently 2.44 kilometers long, up to 0.75 kilometers wide and is open both along strike and downdip. More details on the deposit geology and exploration potential can be found in KORE's
KORE controls the 28 km Mesquite-Picacho exploration district, including 1,005 claims staked in
About KORE
KORE is 100% owner of a portfolio of advanced gold exploration and development assets in
On behalf of
"Scott Trebilcock"
Chief Executive Officer
(888) 407-5450
Technical information with respect to Imperial deposit and project contained in this news release has been reviewed and approved by
This news release does not constitute an offer to sell or a solicitation of an offer to sell any KORE common shares in
Neither the
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
Such factors include, among others: risks related to exploration and development activities at the Company's projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to mining operations and the hazards and risks normally encountered in the exploration, development and production of minerals, uncertainties regarding estimating mineral resources, which estimates may require revision (either up or down) based on actual production experience; risks relating to fluctuating metals prices and the ability to operate the Company's projects at a profit in the event of declining metals prices and the need to reassess feasibility of a particular project that estimated resources will be recovered or that they will be recovered at the rates estimated; risks related to title to the Company's properties, the ability of the Company to access necessary resources, access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company's properties; and risks related to the stage of the Company's development, risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest.
In addition to the above summary, additional risks and uncertainties are described in the "Risks" section of the Company's management discussion and analysis for the interim period ended
Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
There is no certainty that all or any part of the mineral resource will be converted into mineral reserve. It is uncertain if further exploration will allow improving the classification of the Indicated or Inferred mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
View original content:http://www.prnewswire.com/news-releases/kore-mining-commences-preliminary-economic-assessment-of-imperial-oxide-gold-deposit-300985716.html
SOURCE
© Canada Newswire, source