Enters Memorandum of Understanding with the Bureau of Land Management and Engages Environmental Assessment Consultant
VANCOUVER, M.Ö., 26 Nisan 2021 / PRNewswire / - KORE Madencilik Ltd. (TSXV: KORE) (OTCQX: KOREF) ("Kore"Ya da"Firmamız“) is pleased to announce that it has entered into a memorandum of understanding with the Bureau of Land Management (“BLM“) and engaged a third-party consultant to complete the environmental assessment for KORE’s proposed exploration drilling program at the Imperial Gold project (“imparatorluk“). The proposed drill program consists of over 150 drill pads, including new discovery targets on the Mesquite-Imperial-Picacho district (“İlçe“), Imperial project resource growth targets and drilling to support Imperial engineering. KORE is working closely with the BLM to commence drilling in a safe and responsible manner and remains on track to commence drilling in the second half of 2021.
KORE’s CEO Scott Trebilcock stated: “Ongoing work on the KORE controlled Mesquite-Imperial-Picacho gold district is extremely promising for making new multi-million ounce oxide gold discoveries. KORE has generated multiple targets analogous to the Mesquite and Imperial oxide deposits that have never been drill tested. Having control of a large, underexplored gold district in the western US is extremely rare and we are excited to start drilling and make a new discovery.”
The District has produced over five million ounces of gold between the Mesquite and Picacho mines which has contributed to the local economy for generations. KORE geologists have identified multiple high priority targets between the operating Mesquite mine, the Imperial deposit, and onward east to the closed Picacho mine where KORE recently staked an additional 4,600 acres to capture the full District potential (see 13 Nisan 2021 ve 8 Aralık 2020 new releases). Work continues across the District with more results pending including a satellite alteration survey, geophysics and additional field sampling.
KORE’s proposed drill program could support drilling through 2022 and most drill pads are located immediately next to existing BLM roads to minimize disturbance and the locations are flexible to avoid impact to local resources. KORE is working closely with the BLM to ensure that the Company meets or exceeds all regulatory requirements to protect the area resources and deliver a safe, low impact program.
About Imperial Gold Project
KORE owns 100% of the Mesquite-Imperial-Picacho District which consists of over 31,000 acres of claims capturing 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. The Imperial resource, which was the subject of an economically robust 2020 PEA released 6 Nisan 2020, is located roughly in the center of the District. KORE is planning to move the Imperial PEA mine plan into permitting in mid-2021 once drilling permits are received.
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 and 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 using modern techniques.
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 with a positive Preliminary Economic Assessment (“PEA”), released 6 Nisan 2020, having the following highlights:
- Robust economics: 642 milyon C $ NPV5%* post-tax with 52% IRR at US $ 1,600 per ounce gold;
- Low capital intensity project with only 143 milyon ABD doları pre-production capital cost;
- 146,000 ounces gold per year over 8 years for 1.2 million ounces total production; and
- Technically simple project: shallow open pit, run-of-mine heap leach with existing infrastructure.
KORE Madencilik Hakkında
KORE is 100% owner of the Imperial and Long Valley gold projects assets in California. Both projects have positive economic assessments put KORE on the path to up to 350,000 ounces of gold production. KORE is supported by strategic investor Eric Sprott who owns 26% of KORE’s basic shares andKORE management and Board are aligned with shareholders, owning an additional 38% of the basic shares outstanding. KORE is actively developing its Imperial Gold project and is aggressively exploring across its portfolio of assets.
Further information on Imperial and KORE can be found on the Company’s website at www.koremining.com or by contacting us as [e-posta korumalı] or (888) 407-5450 numaralı telefondan.
KORE Mining Ltd adına
"Scott Trebilcock"
İcra Kurulu Başkanı
(888) 407-5450
Bu haber bülteninde yer alan Imperial Gold Projesi ile ilgili teknik bilgiler, KORE'nin COO'su olan ve bu haberin teknik konularından sorumlu National Instrument 43-101 kapsamında yetkili kişi olan P.Eng, Marc Leduc tarafından incelenmiş ve onaylanmıştır. serbest bırakmak.
Ne TSX Girişim Borsası ne de onun Düzenleme Hizmetleri Sağlayıcısı (bu terim TSX Girişim Borsası politikalarında tanımlandığı için) bu sürümün yeterliliği veya doğruluğu için sorumluluk kabul etmez.
İleriye Dönük Bilgilere İlişkin Uyarı Beyanı
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”, “intends”, “indicates” 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. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the proposed drill program and final results of future exploration work, including a satellite alteration survey, geophysics and additional field sampling, the results of the PEA, including future opportunities, the projected NPV, permit timelines, and the ability to obtain the requisite permits, the market and future price of and demand for gold, and the ongoing ability to work cooperatively with stakeholders, including the all levels of government. 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.
Yukarıdaki özete ek olarak, Şirket'in yönetim tartışması ve sona eren yıla ilişkin analizinin “Riskler” bölümünde ek riskler ve belirsizlikler açıklanmıştır. 31 Aralık 2019 itibariyle hazırlandı 27 Nisan 2020 üzerinde Şirketin ihraççı profili altında mevcuttur www.sedar.com.
Burada yer alan ileriye dönük beyanlar, bu haber bülteninin tarihi itibarıyla yapılmıştır ve Şirket, geçerli mevzuatın gerekli kıldığı haller dışında, yeni bilgiler, gelecekteki olaylar veya sonuçlar sonucunda ileriye dönük beyanları güncelleme yükümlülüğünü reddeder. menkul kıymetler kanunları. Gerçek sonuçlar ve gelecekteki olaylar, bu tür beyanlarda öngörülenlerden önemli ölçüde farklı olabileceğinden, ileriye dönük bilgilerin doğru olacağının garantisi verilemez. Buna göre okuyucular ileriye dönük bilgilere gereğinden fazla güvenmemelidir.
Maden kaynağının tamamının veya bir kısmının maden rezervine dönüştürüleceği kesin değildir. Daha fazla araştırmanın, Belirtilen veya Olası Maden kaynağının sınıflandırmasını iyileştirmeye izin verip vermeyeceği belirsizdir. Maden kaynakları maden rezervi değildir ve ekonomik olarak uygulanabilirliği kanıtlanmamıştır.
KAYNAK Kore Madencilik
İlgili Bağlantılar
Coinsmart. Europa İçindeki En İyi Bitcoin-Börse
Source: https://www.prnewswire.com:443/news-releases/kore-mining-advances-exploration-drill-permitting-at-imperial-gold-project-301276426.html
