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KORE MINING REORGANIZES TO CUTS COSTS AND FOCUS ON EXPLORATION AT IMPERIAL AND LONG VALLEY
KORE MINING REORGANIZES TO CUTS COSTS AND FOCUS ON EXPLORATION AT IMPERIAL AND LONG VALLE...
About this update from Kore Mining Ltd.
[{"type":"text","content":"\n \n \n \n KORE MINING REORGANIZES TO CUTS COSTS AND FOCUS ON EXPLORATION AT IMPERIAL AND LONG VALLEY\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 17, 2022\n \n \n /CNW/ - KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF) (\"\n \n KORE\n \n \" or the \"\n \n Company\n \n \") announces a plan to conserve capital and focus on high impact drilling activities at both of KORE's main assets, the\n \n Imperial\n \n gold project (\"\n \n \n Imperial\n \n \n \") and the Long Valley gold project (\"\n \n Long Valley\n \n \").\n \n James Hynes\n \n , the current Executive Chairman and founder of KORE, will assume the President and CEO role effective\n \n July 1, 2022\n \n .  Additional cost reductions at the corporate and project levels are designed to preserve cash and focus work on high impact drilling activities.\n \n \n \n \n \n \n \n \n \n KORE's Executive Chairman\n \n James Hynes\n \n commented: \"Given the challenging conditions for equity financings in the precious metals space, KORE's Board has made the decision to restructure management to reduce costs.  With the reductions, KORE preserves optionality to pursue our permitted drill program at Long Valley while continuing to fund key permitting activities at\n \n Imperial\n \n .\"\n \n \n \n Scott Trebilcock\n \n , commented: \"Executive Chairman\n \n James Hynes\n \n is well positioned to advance key exploration activities having directed them throughout KORE's history.  Ensuring spending goes into the ground and not to corporate overhead has to be the focus.  I remain a Director and consultant to KORE and will support the Company from those roles.\"\n \n \n \n Key Imperial Activity Continues\n \n \n \n The Company has recently submitted a second drilling Plan of Operations (\"\n \n PO\n \n \") – a drill permit application - to the Bureau of Land Management (\"\n \n BLM\n \n \") for the existing\n \n Imperial\n \n gold deposit (\"\n \n \n Imperial\n \n \n \n Zone\n \n \"). The drilling (\"\n \n Imperial Zone Dril...