Power Ore CEO Letter to Shareholders & AGM Details

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[{"type":"text","content":"\n\n\n\nPower Ore CEO Letter to Shareholders & AGM Details\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\nPower Ore CEO Letter to Shareholders & AGM Details\nCanada NewsWire\nTORONTO, May 13, 2019\n\n\n\nTORONTO, May 13, 2019 /CNW/ - PowerOre Inc. (\"Power Ore\" or the \"Company\") (TSX.V: PORE) is pleased to release its 2019 Annual Shareholder Letter from the CEO sent to all shareholders as a part of the Company's annual meeting materials.\nDear Shareholders,\nWe have a clear path forward for Power Ore which is to define an economic orebody on our flagship asset, the Opemiska Copper Mine Complex. We believe we can achieve this in the near term and that when we do, we'll be in the enviable position of having a copper-gold asset of sufficient size and grade to stand out from its peer group. Opemiska boasts superior geological merits, but also has significant infrastructure already in place with easy access, a trait which few base metal projects share. Opemiska is a unique opportunity, that once defined under the NI 43-101 regime should offer shareholders significant appreciation in terms of share price and market cap from where we stand today. \nOpemiska was once a major mining operation owned by Falconbridge. It was then owned privately for over 25 years, which resulted in an extensive database that has allowed us to identify the opportunity to reinterpret what the Opemiska was under Falconbridge and into what it can become under Power Ore. Previously a high grade underground mine complex consisting of two high quality deposits, we now see it as a near surface bulk tonnage operation that hosts high grade veins and also disseminated mineralization outside of the veins. What was thought to be waste, now has potential to be mined as ore. This development is key as disseminated mineralization was not previously considered based on the economics of underground mining, however, in the context of an open pit it adds significant value. \nWith our own geological model on Opemiska now complete and our drill program permitted and designed, we are fully funded to fast ...

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