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Fiore Exploration Ltd.
Summary
| Project: | Pan Mine | |
|---|---|---|
| Deposit: | Pan Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/12/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 12-5-2020: Fiore Exploration Ltd. announces an Exploration/Drilling Update report for its Pan Mine deposit at the Pan Mine project. Drilling results incl. 74.68m @ 0.74g/t Au from 4.57m. Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOG | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Noland (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is is pleased to announce results from the ongoing drill program at its Pan Mine in Nevada. This drill program is part of a long-term program aimed at expanding the resource and reserve base and extending the mine life. The sixty-four holes reported here were drilled at several locations around the main North Pan and South Pan pits, as well as the smaller Syncline and Black Stallion satellite pits (Figure 1). The holes were intended to test the potential to expand the existing oxide reserves both at depth and laterally beyond the current reserve boundaries. The most recent Proven and Probable reserve estimate from 2018 shows 318,000 gold ounces at an average grade of 0.51 g/t gold (0.015 oz/ton), with reserve cutoff grades of 0.21 g/t gold for the North and Central pits and 0.14 g/t gold for the South Pit. Tim Warman, Fiore’s CEO commented, “This latest drilling program has returned some excellent results and demonstrates that near-surface oxide gold mineralization extends considerably beyond the current reserve pits at Pan. Detailed mapping of the North Pit has identified subtle but important northwestsoutheast cross-structures that appear to localize higher grade mineralization | |
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