Kore Commences Drilling for High-grade Gold Structures at the Fg Gold Project in BC

KORE Mining Ltd. (TSXV: KORE |OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce that a diamond drilling program has commenced at its 100% owned FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. A minimum 2,000 meter drilling program is designed to test near-surface high-grade targets down structure from past drilling.  The  drilling contractor is currently mobilizing to site and we expect the drill rig should be turning within the week.

KORE CEO Scott Trebilcock stated, "KORE is investing in exploration across our gold portfolio and we are excited to commence drilling at FG Gold." Mr. Trebilcock continued, "We are testing structural controls of high-grade mineralization in the current gold resource, whereas previous drilling only focused on bulk disseminated gold.  If successful, the program will open the deposit in a large host rock mass at depth and generate an exploration model for the under-explored 20-kilometer trend."

Why Drill FG Gold Project?

  • 100% owned large property in prolific gold-copper belt in Cariboo region of BC
  • Past orogenic gold resource and porphyry mineralization
  • Re-interpretation of the deposit indicates structural control of higher grades
  • Shallow previous drilling leaves host rock un-tested at depth
  • 20-kilometer gold trend only partially explored
  • Low elevation and road accessible for low-cost exploratio

The drill program announced today will define and delineate structural controls on existing higher-grade gold mineralization and target new higher-grade zones at depth.  To understand the structure, the team will use larger (HQ) diameter, oriented core with KORE's geologists logging and interpreting the core contemporaneously with drilling. Contemporaneous logging creates the opportunity to target mineralized structures in real-time and maximize the value of each hole.  We expect to see results by early March with assays to follow in due course.

Source: Kore
Date: Feb 20, 2020