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Fiore Gold Ltd.
Summary
| Project: | Gold Rock | |
|---|---|---|
| Deposit: | Gold Rock | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-8-2019: Fiore Gold Ltd. announces an Exploration/Drilling Update report for its Gold Rock deposit at the Gold Rock project. Drilling results incl. 54.9m @ 0.85g/t Au from 149.4m. Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“ | |
| Resources: | (Resource): 9.0Mt @ 0.82g/t Au (Ind.) and 7.8Mt @ 0.72g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Paul Noland (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to report that drilling at its Gold Rock project in Nevada has intersected thick intervals of oxide gold mineralization both within and outside of the current resource pit shells. This is particularly encouraging as one of the goals of the current drilling program is to expand the resource envelope in advance of a Preliminary Economic Assessment (“PEA”) targeted for year-end 2019. Of particular interest is hole GR19-002, which targeted an area previously evaluated only by scattered, shallow vertical holes under the former EZ Jr. leach pad. Mineralization intersected by current drilling in this area is not included in the current resource pit shells and thus represents potential for expanding the resource. Drilling has confirmed that the mineralized zone follows the western limb of the North trending EZ anticline and is commonly localized in the western limb along the contact between the Chainman Shale and Joana Limestone. Holes GR19-004 and -005 have also identified mineralization within the eastern limb of the EZ anticline, also outside the current resource pit shells. Tim Warman, Fiore’s CEO stated, “We’ve always suspected that mineralization at Gold Rock continued through the area of historical shallow drilling between the two main resource pit shells, so it’s great to see the drilling confirming this and with considerably higher grades than the current resource grade. We’ll continue to test this area, as well as other targets in and around the existing resource, with the Gold Rock program currently scheduled to wrap up in September. At that point we’ll likely move the RC drill to the Pan Mine to begin a resource and reserve expansion program there.” | |
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