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KORE set to expand FG drilling

KORE Mining is preparing to expand drilling at the Frasergold Gold (FG) project in British Columbia’s Cariboo region, based on strong results reported to date.
KORE set to expand FG drilling KORE set to expand FG drilling KORE set to expand FG drilling KORE set to expand FG drilling KORE set to expand FG drilling

KORE Mining says it is expanding its FG project drill programme

Staff Reporter

Kore this week reported an intersection of 32m grading 3 grams per tonne gold, starting at 22m below surface, while the same hole picked up 10m of 3.9gpt from 237m.

It expects to remobilise to site before the end of this month, with drilling aimed at further delineation of an existing resource and testing on-strike and down-dip extensions of the new Lower Zone.

Kore also reported large-diameter, oriented core and metallic screen assays had upgraded past drilling results, now showing 1m intercepts of 28.4gpt, 42.5gpt and 33.9gpt.

"With the discovery in the Lower Zone, high core recovery to define structure, and metallic screens upgrading assays, we are hitting all our objectives and will continue drilling after spring break-up later in June," CEO Scott Trebilcock said.

The company says it has defined a 20km trend through soil sampling and geophysics around a regional syncline on the 13,000-hectare property. FG had only seen limited, shallow prior drilling where mineralisation outcropped, it said.

FG has defined resources of 145,000oz gold at 0.812gpt measured, 231,000oz at 0.755gpt indicated, and 634,000oz at 0.718g/t inferred, all based on a 0.5g/t cut-off grade.

KORE's share price (TSXV:KORE) trebled after last month's investment in the company by new major shareholders Eric Sprott and Macquarie Bank.

It closed Wednesday at C64c, capitalising the company at $61 million (US$45.5 million).