Galore Drill Commences 2019 2,500 Meter Core Program at DOS Santos Project
FOR IMMEDIATE RELEASE June 4, 2019
GALORE DRILL COMMENCES 2019 2,500 METER CORE PROGRAM
AT DOS SANTOS PROJECT
Vancouver, BC: Galore Resources Inc. (TSX -V: GRI) (“Galore” or the “Company”) is
pleased to announce that Minerales Galore S.A, De CV. , Galore ’s wholly owned Mexican
subsidiary, has commenced drilling as part of a 2,500-meter diamond core drilling program
(see News Release May 27, 2019) at Galore’s 100% owned El Alamo target and part of the
larger Dos Santos project. This is the first drill program conducted at El Alamo.
El Alamo gold target is situated about 16 km south of Concepción del Oro, Zacatecas,
Mexico. Geologically, El Alamo consists of Cretaceous sediments, mostly limestones with
some siltstones and chert. Locally, strong brecciation of the limestone occurs in association
with folding in part related to these structural zones and also occurring with karst type
brecciation. Alteration and mineralization are represented by varying amounts of
silicification and iron -oxide bodies after sulfides. Some of the higher -grade gold values are
associated with extensively iron-oxide jasperoid breccias.
In consideration for assisting in the arrangement of the contract for the drill program, the
Company has agreed to pay a finder’s fee to an arm ’s length third party in the amount of
250,000 common shares, subject to acceptance by the TSX Venture Exchange
Highlights:
Currently a track mounted core rig operated by COMEFIN S DE RL DE CV of Mexico is
targeting gold mineralization discovered by Galore’s previous exploration programs that
included geological mapping, trenching and shallow air track drilling. The mineralization
was found to be associated with jasperoid and karst breccias exposed along the east -west
trending El Alamo ridge. The drillin g is designed to intersect the known surface zone of
mineralization (Figure 1).
The first hole, EA-001, is at 70m depth. The core has not been logged . However, the “quick
logs” indicate that the hole has intersected silicified and limonitic limestone with zones of
brecciation and faulting with areas of quartz and calcite stockwork . The 2019 drill program
will consist of approximately twelve (12) HQ core holes , but could be expanded pending
positive drill results. The program also intends to test a highly prospective parallel trending
zone to the south. (Figure1).
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19141 STONE OAK PKWY. #104 | SAN ANTONIO, TEXAS | 78258
Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
Qualified Person
The technical and scientific information contained within this news release has been reviewed and approved Bill
Fleshman, Vice President of Expl oration (Fellow of the AusIMM and a CP (chartered professional #107342)
and Qualified Person as defined by National Instrument 43-101 Policy.
About Galore Resources
Galore Resources is a mineral exploration and development co mpany whose focus is to make and develop
significant mineral discoveries, which are supported by a sustainable business model. Our goal is to discover a
world-class gold and silver deposit in Mexico. Our flagship project is in the heart of the Concepcion del Oro
Mining District, the Dos Santos Project. This project covers two historic gold zones and has the potential to
host bulk tonnage gold -silver deposits based on past drilling, trenching and a recent airborne geophysical
survey.
ON BEHALF OF THE BOARD
“Michael McMillan”
President and CEO
To find out more about Galore Resources (TSX.V:GRI) please contact:
Mike McMillan at (210) 860-9212 (USA)
FIGURE1
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19141 STONE OAK PKWY. #104 | SAN ANTONIO, TEXAS | 78258
Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
Please visit our website at www.galoreresources.com or contact us at
Cautionary Statemen t: This document contains “forward -looking statements” within the
meaning of applicable Canadian securities regulations. All statements other than statements
of historical fact herein, including, without limitation, statements regarding exploration plans
and other future plans and objectives, are forward -looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will prove to b e
accurate and future events and actual results could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ materially from
our expectations as well as a comprehensive list of risk factors are disclosed in the
Company’s documents filed from time to time via SEDAR with the Canadian regulatory
agencies to whose policies we are bound. Forward-looking statements are based on the
estimates and opinions of management on the date the statements a re made, and we do not
undertake any obligation to update forward -looking statements should conditions or our
estimates change, other than as required by law and readers are further advised not to place
undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.