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KORE Mining Completes Milestone at Imperial Gold Project
KORE Mining Completes Milestone at Imperial Gold Project Canada NewsWire ...
About this update from Kore Mining Ltd.
[{"type":"text","content":"\n \n \n \n KORE Mining Completes Milestone at Imperial Gold Project\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n Satisfies Spending Requirement pursuant to the Newmont Purchase Agreement\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 23, 2021\n \n /CNW/ - KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF) (\"\n \n KORE\n \n \" or the \"\n \n Company\n \n \") is pleased to announce completion of a major milestone pursuant to the\n \n March 2017\n \n Imperial Gold Project purchase agreement (\"Purchase Agreement\") between the Company and Goldcorp\n \n USA\n \n Inc., a wholly owned subsidiary of Newmont Corporation.   KORE was required in the Purchase Agreement to spend over\n \n $5 million USD\n \n by the fifth anniversary of the Purchase Agreement.  KORE surpassed this requirement in mid-2021.  The only remaining requirement in the Purchase Agreement is payment of\n \n $1 million USD\n \n at the first gold pour.\n \n \n \n \n \n \n \n \n \n \n Scott Trebilcock\n \n , KORE CEO commented, \"KORE purchased the Imperial Gold Project to advance to production.  With robust project economics alongside complete site restoration through backfilling, stringent environmental standards and the recently announced project ACES (\n \n \n November 17, 2021\n \n \n ), the net benefit to stakeholders would be significant.  The\n \n $5 million\n \n spent to date has been focused on exploration and building project support.  We look forward to continuing to build upon the long history of gold mining in the Imperial region.\"\n \n \n \n About Imperial Gold Project\n \n \n \n KORE owns 100% of the Mesquite-Imperial-Picacho District (\"District\") which consists of over 31,000 acres of claims capturing the entire 28-kilometer trend from the operating Mesquite mine (Equinox Gold - TSX:EQX) to the closed Picacho mine and including KORE's Imperial project.\n \n \n In the District, gold is hosted in local fault structures related to a series of regional faults connecting the kno...