Galore Receives Permit FOR 3,000-METER Drilling Program at El Alamo
FOR IMMEDIATE RELEASE November 1, 2018
GALORE RECEIVES PERMIT FOR 3,000-METER DRILLING
PROGRAM AT EL ALAMO
Vancouver, BC: Galore Resources Inc. (TSX-V: GRI) (the “Company”) is pleased to
announce that Minerales Galore S.A, De CV., Galore Resources Inc.’s wholly owned
subsidiary in Mexico, has been granted permits to b egin a 3,000-meter diamond core drill
program at Galore’s 100% owned El Alamo claim.
Galore’s drill program will test gold targets defin ed from surface sampling, geological
mapping, and shallow percussion drilling. The 3,00 0m diamond core program will consist of
approximately 12 drill holes, both vertical and ang led, to test anomalous gold zones
discovered during sampling and mapping.
The El Alamo gold project is situated about 16 km s outh of Concepción del Oro, Zacatecas,
Mexico. The district also boasts Mexico’s largest o pen pit gold mine, Peñasquito, located
35km to the NW. El Alamo is part of Galore’s large r Dos Santos property currently being
actively explored. Geologically, El Alamo consists of Cretaceous sediments, mostly
limestones with some siltstones and chert. Major N NE-SSW faults bound the El Alamo
project. Stratigraphic units are strongly folded a nd in places overturned. Strong brecciation
of the limestone unit occurs associated with foldin g, in part related to these structural zones.
Brecciation also occurs as karst type solution brec ciation. Alteration and mineralization are
represented by varying amounts of silicification an d iron-oxide bodies after sulfides. Some of
the higher grade gold values are associated with extensively iron-oxide jasperoid breccias.
Galore’s geological team systematically mapped and trenched the prospect in 2010 and
followed up with a 35 shallow drill percussion hole program in 2012. This work defined a
target with a minimum strike length of 500m and app roximately 200 meters north-south in
width and remains open along strike and possibly a parallel zone to the south as defined by
surface samples. Gold values in the trenches from over 440 samples ranged from below
detection (<0.005 ppm) to a high of 20.4 ppm, with 64 samples exceeding 0.100 ppm and 22
surpassing 1.0 ppm. The shallow drilling in 2012 e ncountered widespread anomalous gold
values up to 17.15 ppm. Several of these drill holes ended with anomalous gold values.
Qualified Person
Galore Resources Inc. is also pleased to have retai ned the services of Mr. Bill Fleshman as
Vice President of Exploration and Qualified Person as defined by National Instrument 43-101.
Bill has 43 years’ experience as a geologist, worki ng in the USA, Norway, Sweden, Finland,
Myanmar, Australia, and the last 10 years in Mexico . Bill is a Fellow of the AusIMM and a
CP (chartered professional #107342). The technical or scientific information in this press
release has been reviewed and approved by Bill Fles hman, Vice President of Exploration for
the Company.
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Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
About Galore Resources
Galore Resources is a mineral exploration and devel opment Company whose focus is to
develop significant mineral discoveries, which are supported by a sustainable business model.
Our goal is to discover a world-class gold and silv er deposit in Mexico. Our flagship project
is in the heart of the Concepcion del Oro Mining Di strict, 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)
Please visit our website at www.galoreresources.com or contact us at
Cautionary Statement: This document contains “forwa rd-looking statements” within the
meaning of applicable Canadian securities regulatio ns. All statements other than statements
of historical fact herein, including, without limit ation, 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 be
accurate and future events and actual results could differ materially from those anticipated in
such statements. Important factors that could caus e 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 SED AR with the Canadian regulatory
agencies to whose policies we are bound. Forward-l ooking statements are based on the
estimates and opinions of management on the date th e statements are 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.