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Fiore Gold Ltd.
Summary
| Project: | Gold Rock | |
|---|---|---|
| Deposit: | Gold Rock | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-10-2019: Fiore Gold Ltd. announces an Exploration/Drilling Update report for its Gold Rock deposit at the Gold Rock project. Drilling results incl. 16.8m @ 1.61g/t Au from 123.4m. 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 additional drilling results from its Gold Rock project in Nevada. These latest results continue to show thick intervals of oxide gold mineralization both within and outside of the current resource pit shells. We view this as encouraging in our effortsto expand the resource envelope in advance of a Preliminary Economic Assessment (“PEA”) targeted for year-end 2019. Holes GR19-026 and -032 are particularly interesting in that they show strong intercepts with grades well above the average resource grade at the very northern end of the current pit-constrained resource. In the case of GR19-032 the intercept is north of the current resource pit, indicating the deposit remains open along strike to the north. Holes GR19-024 and -025 provide good infill intercepts in the central portion of the northern resource pit, while hole GR19-019 demonstrates continuity of grade through the lightly drilled gap in the current resource south of the northern resource pit. Strong intercepts were also encountered in the southern resource pit, particularly in holes GR19-023 and -029. Six diamond drill holes have also been recently completed at Gold Rock, although assays | |
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