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KORE Mining Ltd.

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Summary

Project:

Gold Creek

Deposit:Gold Creek
Location:Canada
Commodities:Gold-Copper
Date:11/13/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:13-11-2018: KORE Mining Ltd. announces an Exploration/Drilling Update report for its Gold Creek deposit at the Gold Creek project. Drilling results incl. 50.21m @ 0.7g/t Au from 98.64m. VANCOUVER, Nov. 13, 2018 /CNW/ - KORE Mining Ltd. (TSX VENTURE: KORE
Resources:x
CP/QP:[Overall Report]: David Smith (Independent)
ABSTRACT:VANCOUVER, Nov. 13, 2018 /CNW/ - KORE Mining Ltd. (TSX VENTURE: KORE - "KORE" or the "Company") is pleased to announce completion of Phase 1 drilling on the Gold Creek gold exploration project, extension of the Camp Zone of over 300m, and the discovery of visible gold in 2 of 4 drill holes 1. "These results demonstrate broad zones of gold mineralization with higher grade in step out drilling. This confirms the association of gold with a recently interpreted 8.5km long trend and the potential for discovery of a significant resource," said James Hynes, KORE Director and COO. Geology & Interpretation A total of 4 HQ drill holes for 940 meters were completed within the Camp Zone to test strike length extension of the successful discovery drill program completed in 2017. These holes step out approximately 300m from previous drilling. The 2018 drill program followed up on sedimentary hosted near surface and higher grade vertical stockwork, veins and veinlets within the lower grade halos. All 4 of the holes encountered broad zones of alteration and mineralization within a Triassic Upper Nicola greywacke, interbedded with argillites, mudstones, and conglomerates. Mineralization consists of quartz-pyrite-carbonate veins and veinlets with variable amounts of arsenopyrite, chalcopyrite, galena, sphalerite, pyrrhotite, and native gold. Where observed, native gold occurs as ≤1 mm fine-grained, free individual crystalline grains along the walls of quartz veins, on the edges of cubic pyrite crystals, with limonitic pyrite, and occasionally with galena. Pyrite is the principal sulfide mineral in the mineralization, occurring within quartz veins, in envelopes of 5-10% pyrite adjacent to quartz veins, and disseminated 1-3% in the host rock. The quartz-sulfide veins strike southeast, dip steeply or vertically, are generally sub-parallel, and occur as individual veins and as zones of stockwork. Veining and mineralization are accompanied by quartz-sericite alteration, carbonate alteration, bleaching, and silicification in the wall rocks surrounding veins and stockwork. Host rocks consist of interbedded greywacke and argillite with minor conglomerate and mudstone beds.

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