Company Updates From Management – Wed 8 Jul, 2020

KORE Mining – A focus on the exploration underway and upcoming at the Imperial and FG Gold Projects

Another Company update to kick off today, this time from KORE Mining (TSX.V:KORE – OTCQB:KOREF).

I am joined by Scott Trebilcock, President and CEO of KORE Mining to discuss the recent news releases focused on exploration underway. We start with the Imperial Project in California and the goals of the new discovery this year. Drilling will start in Fall. We also recap the PEA that was released int he second half of last year.

Next up is the recent drill results from the FG Gold Project in BC. This project currently has a drill turning to follow up on the recent discovery.

We wrap up the call with a discussion on valuation, as the stock has moved strongly higher, and the recent financing with Eric Sprott for $7.5million.

If you have any follow up questions please email me at Fleck@kereport.com.

Click here to visit the KORE Mining website and read over the recent news.

Company Updates From Management – Mon 25 May, 2020

KORE Mining – Answering your questions on California Permitting and upcoming exploration

Scott Trebilcock, President and CEO of KORE Mining (TSX.V:KORE – OTCQB:KOREF) joins me for an update on recent exploration results at the FG Gold property in British Columbia. We also address some of the questions that came in on the back of our initial interview (linked below) regarding permitting in California for the Company’s Imperial Project.

If you have any follow up questions please email me at Fleck@kereport.com.

Click here to listen to the initial interview with Scott for a broad overview of KORE Mining.

Click here to visit the KORE Mining website to read over the recent news.

Company Updates From Management – Thu 7 May, 2020

KORE Mining – A Complete overview of this advanced exploration company with assets in California and BC

Scott Trebilcock, President and CEO of KORE Mining (TSX.V:KORE – OTCQB:KOREF) joins me to provide a full overview of the Company.

KORE has advanced stage projects in California, with one, the Imperial Project having a recent PEA released. There is also a lot of green fields exploration potential around the current deposits and old mines. In BC the Company has a small drill program ongoing at the FG Gold Project.

If you have any follow up questions or comments regarding KORE please email me at Fleck@kereport.com.

Click here to visit the KORE website and read over the Company presentation.

Upcoming KE Report Webinar – May 8th @ 12pm PDT (3pm EDT) – TriStar Gold. The Company owns 100% of the Castelo de Sonhos gold project, located in Pará state, Brazil. The Company has recently completed a US $8 million finance with Royal Gold Inc. with proceeds used to advance the project to completion of a feasibility study in 2020.

Click here to sign up for free and have first access to the live recording.

Kore inks $4 million deal to develop California gold project

Vancouver-based Kore Mining (TSXV: KORE) this week received a $4 million investment by Macquarie Bank to advance permitting of the Imperial gold project in California.  

Kore owns a 100% interest in the development project in the mining district of Imperial County. The property is about 17km south east of the operating Mesquite Mine recently acquired by Equinox Gold for $158 million.  

Macquarie will subscribe for 6 million common shares of Kore and acquire a 1% NSR royalty on the Imperial Project. Newmont Goldcorp also holds a 1% NSR royalty on the Imperial project. 

200,000 feet of historical drilling has been completed at Imperial, and the property contains 879,000 gold ounces in the measured and indicated category and 1.29 million ounces in the inferred category, grading at 0.60 g/t. Imperial is in an advanced stage in the permitting process with the Bureau of Land Management

“Imperial is a project that is very robust economically. Although we don't have a current feasibility study on it, it is being really well studied. It had a feasibility study completed on it previously by Newmont Goldcorp  and we bought the project from them," Adrian Rothwell, Kore president and CEO told MINING.com.  

 "One of the reasons why we were interested in the Imperial project was because it's in Imperial county, about 10 miles away from the Mesquite operation, which is a mature end-of-mine-life operation now owned by Equinox,” Rothwell said.  Rothwell said Imperial is in an advanced stage in the permitting process with the Bureau of Land Management (BLM).  

"There's a historic environmental impact statement report that's being prepared on the project that was done by a predecessor of Goldcorp in 2001, and Kore is planning to supplement that.  The good news is that not a great deal needs to be done from scratch. We'll be doing some update on engineering to arrive at a plan of operations, an updated environmental report that can be done over the next 15 months, Rothwell said. We're at a point where we will resubmit a plan of operations with the BLM in the coming months.” 

 Rothwell said he aims to have Imperial in production within the three years, before Mesquite gets to the end of its mine life.  

 “I think that's entirely feasible. With the right money, which we now have, and the right heart from the county and from the BLM, [its] obviously a good time to be doing this federally.”  

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