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KORE Mining Ltd.
Summary
| Project: | Imperial | |
|---|---|---|
| Deposit: | Imperial | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/19/2020 | |
| Report Code: | JORC | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-5-2020: KORE Mining Ltd. announces a PEA report for its Imperial deposit at the Imperial project. PEA results incl. post-tax NPV (5%) of US$343M & IRR of 44%. KORE Mining Ltd (“KORE Mining”, “KORE” or the “Company”) commissioned Global Resource Enginee | |
| Resources: | (Resources): 50.4Mt @ 0.0174oz/t Au (Ind.) & 100.1Mt @ 0.0133oz/t Au (Inf.) | |
| CP/QP: | [Overall Report] Glen Cole, Terre Lane, Todd Harvey (Global Resource Engineering Ltd., SRK Consulting (Canada) Inc.)) | |
| ABSTRACT: | KORE Mining Ltd (“KORE Mining”, “KORE” or the “Company”) commissioned Global Resource Engineering (“GRE”) to prepare this NI43-101 compliant Preliminary Economic Assessment (PEA) of the Imperial Gold Project, located in Imperial County California, USA. GRE based its work on a Mineral Resource Estimate and Technical Report prepared by SRK Consulting (Canada) Inc. (“SRK”), titled “Technical Report for the Imperial Gold Project, California, USA” with an effective date of December 30, 2019 (“SRK (2019) Mineral Resource Estimate and Technical Report”). The SRK mineral resource model was prepared following the guidelines of the Canadian Securities Administrators National Instrument (“NI”) 43-101 and Form 43-101F1. The 2019 SRK technical report was required by securities law to support the first-time disclosure of mineral resources by the KORE Mining. This report is based on the SRK (2019) Mineral Resource Estimate and Technical Report. The GRE Qualified Persons (“QP’s”) site visit occurred on January 9-10, 2020. SRK QP’s visited the site on November 26, 2019 and February 9-10, 2012. Both groups collected information while on site and both used additional information provided by KORE Mining | |
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