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Fiore Gold Ltd.

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Summary

Project:

Gold Rock

Deposit:Gold Rock
Location:United States
Commodities:Gold
Date:11/1/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:1-11-2018: Fiore Gold Ltd. announces an Exploration/Drilling Update report for its Gold Rock deposit at the Gold Rock project. Drilling results incl. 12.2m @ 0.67g/t Au from 76.2m. Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“F
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 provide results from eight exploration drill holes recently completed at its 100%-owned Gold Rock Property, White Pine County, NV. The holes targeted three of nine previously-identified target areas north of the Gold Rock resource area (Figure 1), which lies approximately 8 km southeast of Fiore’s Pan Mine. Gold Rock currently hosts an Indicated resource of 238,700 gold ounces (9.0 million tonnes at 0.82 g/t gold), and an Inferred resource of 180,900 gold ounces (7.8 million tonnes at 0.72 g/t gold). All eight holes intercepted the targeted Joanna Limestone unit, with six of the eight holes encountering anomalous gold mineralization, including 6.1 m at 0.67 g/t gold in hole GR18-04. While the mineralization encountered was primarily seen in the altered Joanna Limestone, mineralization also extended into carbonates in the base of the overlying Chainman Formation and in some cases the top of the underlying Pilot Shale. Fiore has also further consolidated the Gold Rock land package by agreeing to acquire approximately 3.0 km2 of new ground north of, and on strike with the Gold Rock mineralized trend (Figure 2). Fiore’s wholly owned US subsidiary agreed to acquire the claims from Ely Gold Royalties Inc. (“Ely Gold”; TSX-V: ELY, OTCQB: ELYGF) in return for a cash payment of approximately US$10,000 and the granting of a 2% NSR. With the addition of this new area, Fiore now controls a contiguous land package of 200 km2 that includes the Pan and Gold Rock deposits. Tim Warman, Fiore’s CEO commented, “The recent drilling program at Gold Rock was designed to test for the presence of altered and mineralized Joanna Limestone between 1.8 and 4.8 km north of the current Gold Rock resource area, and we’ve been successful at identifying the right lithology, the controlling fault and fold structure, and anomalous gold mineralization at all three targets. Having demonstrated that gold mineralization is present for a considerable distance along the EZ fault and anticline structure, we’ve now extended our coverage along this structure through the acquisition of the Ely Gold claims. Fiore now controls approximately 16.5 km of strike length along the prospective EZ structure.”

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