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Project: | Pan Mine | |
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Deposit: | Pan Mine | |
Location: | United States | |
Commodities: | Gold | |
Date: | 2/27/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Active Mining & Production | |
Report details: | 27-2-2018: Fiore Gold Ltd. announces an Exploration/Drilling Update report for its Pan Mine deposit at the Pan Mine project. Drilling results incl. 79.2m @ 0.55g/t Au from 19.8m. 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 pleased to provide results from the first six 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 the majority 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 first six holes of the program were drilled near the southern end of the North Pit, and 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). Tim Warman, Fiore’s CEO commented, “These first six holes show excellent potential to increase the resource and reserve base both at depth and laterally beyond the current mine plan boundaries. We’re extremely pleased with the success rate so far, with each of the first six holes encountering mineable widths of gold mineralization above the mine cutoff grade. This is a very good start to a program that we’re confident will allow us to extend operations at Pan well beyond the current mine life.” | |
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