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Fiore Gold Ltd.
Summary
| Project: | Pan Mine | |
|---|---|---|
| Deposit: | Pan Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-4-2018: Fiore Gold Ltd. announces an Exploration/Drilling Update report for its Pan Mine deposit at the Pan Mine project. Drilling results incl. 32m @ 0.89g/t Au from 112.78m. Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fio | |
| Resources: | (Reserve, P+P): 318,000oz Au contained at Pan Mine | |
| CP/QP: | [Overall Report]: Eric LeLacheur (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is is pleased to provide results from sixteen holes of its 2018 drill program at its Pan Mine in Nevada, part of a longer-term program aimed at expanding the resource and reserve base at Pan. The current program consists of approximately 3,500 metres (11,500 feet) of reverse circulation drilling aimed at expanding reserves and resources near the North Pit which hosts most of the silica-rich rocky ore at Pan. Drilling is also planned for the Central area of the deposit to expand existing resources there as well as test new targets (Figure 1). Mining is currently taking place in both the rocky North Pan Zone and the clayey South Pan Zone, with the run-of-mine ores blended on the leach pad. The sixteen holes reported here were drilled near the southern end of the North Pit, and extensions of the Syncline pit area as well as targeting surface anomalies on Breccia Hill. (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 2017 Pan Mine Feasibility Study defines Proven and Probable reserves of 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 | |
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