KORE MNG LTD - KOREF STOCK NEWS

KORE Mining Ltd. has released positive results from engineering and economic assessments of its Imperial Oxide Gold Deposit in California, USA. Recent work indicates robust project economics, maintaining mid-tier gold mine potential with a US$343 million post-tax NPV at US$1,450/oz gold. The study shows flexibility in infrastructure location, demonstrating 5-15% increases in operating costs but overall indicating strong project economics. The company is also recruiting a new COO following Marc Leduc's retirement.

KORE Mining is gaining strong support for its Imperial Gold Project, focusing on a net positive environmental impact. The initiative, known as ACES (A Clean Environment for the Salton Sea), aims to remediate local health issues related to the Salton Sea by using clean mining materials. With 14 letters of support from local leaders and plans for a bilingual outreach website, KORE anticipates creating over $1B in investments and generating hundreds of jobs in Imperial County. The project emphasizes compliance with stringent environmental regulations.

KORE Mining Ltd. announced the conclusion of a regional mapping program at the Imperial Gold project, resulting in the identification of three new exploration drill targets: Smoketree, Ironwood, and Wolverines. This brings the total number of drill targets in the Mesquite-Imperial-Picacho District to nine. The program utilized over 100 person-days for data analysis and mapping, revealing promising mineralization. The company plans to conduct a follow-up drill program in Q2 2022 and continues to expand its exploration strategies to enhance discovery potential.

KORE Mining Ltd. (OTCQX: KOREF) announced significant achievements from its 2021 exploration program at the Imperial Gold project. The program generated a step-change in geological understanding and identified multiple new gold prospects. Key highlights include 552 soil and rock samples collected, the discovery of gold nuggets up to 4 mm, and the definition of five drill target areas. The company plans to continue with drilling and geophysical studies in 2022, with 141 assays pending. The Imperial project has strong economic potential, with estimated NPV of US$ 343 million and robust operational plans ahead.

KORE Mining Ltd. (OTCQX: KOREF) outlines its 2022 objectives, focusing on drilling and exploration at its Long Valley and Imperial gold projects. Key plans include 12,000 meters of drilling at Long Valley, environmental assessments for new targets, and aiming for oxide resource growth. KORE aims to enhance local support for the Imperial project through environmental initiatives. Additionally, the company has appointed Jay Sujir to its Board of Directors, ensuring experienced governance. The company anticipates growth driven by exploration efforts amidst a backdrop of robust economic potential in its projects.

KORE Mining Ltd (KOREF) has achieved a significant milestone under the Imperial Gold Project Purchase Agreement, surpassing the required expenditure of over $5 million USD by mid-2021. The remaining obligation is a $1 million USD payment due at the first gold pour. CEO Scott Trebilcock emphasized the project's strong economics, highlighting a C$ 642 million NPV5% post-tax at US$1,600 gold, with 146,000 ounces of gold production expected annually for eight years. KORE owns 100% of the surrounding Mesquite-Imperial-Picacho District in California.

KORE Mining Ltd. announces its Project ACES, aimed at generating positive environmental and social impacts through the Imperial Gold Project. The project aims to remediate air pollution affecting local communities by using clean surplus material estimated at 90 million tons. Along with environmental benefits, KORE anticipates a $1.1 billion investment for Imperial County, creating over 500 construction and 220 permanent jobs. The project assures no long-term impacts on Federal lands and adheres to strict environmental laws.

KORE Mining has received approval from the USFS for a 3,000 meter Phase 1 drill program at the Long Valley Gold Project in California. This program aims to test high-priority expansion targets, focusing on underlying sulphide structures and shallow oxide resources. The initiative may expand up to 15,000 meters based on success. The project boasts a current resource estimate of 1.2 million ounces of Indicated gold and 0.5 million ounces of Inferred gold. KORE plans to utilize advanced technology to minimize environmental impacts during drilling.

KORE Mining Ltd. announces new exploration results from its Imperial Gold project in the Mesquite-Imperial-Picacho District. The company discovered the Acacia Zone, featuring visible gold nuggets and significant gold samples, including 0.62 g/t in rocks. A total of five drill target areas are now defined, alongside multiple untested anomalies. Ongoing exploration includes detailed mapping and a pilot drilling program. KORE controls approximately 31,000 acres in the district and is advancing its projects while adhering to strict environmental standards.