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KORE Mining Ltd.
Summary
| Project: | Imperial | |
|---|---|---|
| Deposit: | Imperial | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-4-2020: KORE Mining Ltd. announces a PEA report for its Imperial deposit at the Imperial project. PEA results incl. NPV (5%) of US$343M and IRR of 44%. Vancouver, BC April 6, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) (“KORE” or the “Company”) | |
| Resources: | (Resource): 877Koz Au (Ind.) and 1336Koz Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Terre Lane (Global Resource Engineering Ltd.) | |
| ABSTRACT: | Vancouver, BC April 6, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) (“KORE” or the “Company”) is pleased to announce a positive Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned Imperial Oxide Gold Deposit (“Imperial” or “Project”), located in California, USA. The PEA demonstrates Imperial’s potential to be a robust mid-tier gold mine with compelling project economics. In addition to the gold price, Imperial has upside potential from deposit extensions and exploration on the 100% owned Mesquite-Imperial-Picacho District which captures 28 kilometers of strike from the operating Mesquite mine (TSX:EQX) to the historic Picacho heap leach mine. Watch a video (40 seconds) of Scott Trebilcock summarizing the highlights of the PEA – click here. Refer to the PEA Summary infographic in Figure 1. The PEA is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. | |
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