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KORE Mining Ltd.
Summary
| Project: | Imperial | |
|---|---|---|
| Deposit: | Imperial | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-1-2020: KORE Mining Ltd. announces a Resource Estimation report for its Imperial deposit at the Imperial project. Amended report - mineral resource estimate for project. KORE Mining Ltd (KORE Mining) commissioned SRK Consulting (Canada) Inc. (SRK) to p | |
| Resources: | (Resource): 877Koz Au (Ind.) and 1336Koz Au (Inf.) at project | |
| CP/QP: | [Resources]: Glen Cole (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | KORE Mining Ltd (KORE Mining) commissioned SRK Consulting (Canada) Inc. (SRK) to prepare a mineral resource model and accompanying technical report for the Imperial gold project located in California. This mineral resource model was to be primarily based on an earlier mineral resource model and technical report for the Imperial gold project originally prepared by SRK for Delta Gold Inc. (Delta) in 2012 (with an effective date of March 31, 2012 and a signature date of May 29, 2012) but that was ultimately presented to ADR Capital Corp. (ADR). Delta was completing a reverse takeover of ADR at that time, as a qualifying transaction for ADR, pursuant to the policies of the TSX Venture Exchange. KORE Mining acquired 100% of the Imperial Project in 2017 and does not consider the findings of the 2012 Preliminary Economic Assessment to be current. KORE Mining has requested SRK to update the mineral resource model for the Imperial gold project to current economic conditions and outlook, and to document this in a report prepared following the guidelines of the Canadian Securities Administrators National Instrument (NI) 43-101 and Form 43-101F1. The technical report is required by securities law to support the first time disclosure of mineral resources by the KORE Mining. This report is based on the SRK (2012) technical report, information collected by the SRK qualified persons (QPs) during a site visit undertaken on November 26, 2019, and on additional information provided by KORE Mining. In accordance with NI 43-101 guidelines, Qualified Persons (QPs) from SRK on November 26, 2019 9-10, 2012, accompanied a KORE Mining representative. | |
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