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KORE Mining Commences Preliminary Economic Assessment of Imperial Oxide Gold Deposit
KORE Mining Commences Preliminary Economic Assessment of Imperial Oxide Gold Deposit ...
About this update from Kore Mining Ltd.
[{"type":"text","content":"\n\n\n\nKORE Mining Commences Preliminary Economic Assessment of Imperial Oxide Gold Deposit\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 13, 2020\n\n\n\nVANCOUVER, Jan. 13, 2020 /CNW/ - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) (\"KORE\" or the \"Company\") is pleased to announce that it has commenced preparation of a Preliminary Economic Assessment (\"PEA\") of the Imperial oxide gold deposit (\"Deposit\" or \"Imperial\").  \nHighlights\nPEA results expected by early Q2 2020 Simple run-of-mine heap leaching (no crushing)KORE's COO, Marc Leduc, commented, \"Imperial is a rare, unmined, at surface oxide gold deposit amenable to simple run-of-mine heap leaching.  I have worked closely with and have great confidence in the team KORE has selected to complete Imperial's preliminary economic assessment.  Imperial will be engineered to the highest standards with full compliance to California's high standards of environmental regulation and site reclamation.\"\nKORE has engaged Global Resource Engineering (Denver) (\"GRE\") to lead development of a PEA of Imperial with heap leach design from Geo-Logic (Grass Valley, California).  GRE offers a wide spectrum of services including geotechnical analysis, mine design, heap leach engineering and tailings facility design. GRE completed a site visit to formally kick-off the PEA project January 9, 2020 and has been working on mine design for the last several months.\nKORE anticipates completion of the PEA by early Q2 2020.  The engineering work completed for the PEA will also be used to complete a new Plan of Operations which is a key document to re-start the permitting process for Imperial.\nAbout Imperial Deposit\nThe current gold mineral resource estimate for Imperial is 877,000 ounces of indicated and 1,336,000 ounces of inferred from 45.7 million tonnes of 0.59 grams per tonne and 90.9 million tonnes of 0.46 grams per tonne, respectively.   The mineral resource estimate was prepared by SRK Consulting (Canada) Inc with an effective date of December 30, 2019....