Galore Resources Core Program Intersects New Zone Defined BY Broad Low Grade Silver Mineralization
FOR IMMEDIATE RELEASE September 4, 2019
GALORE RESOURCES CORE PROGRAM INTERSECTS NEW ZONE
DEFINED BY BROAD LOW GRADE SILVER MINERALIZATION
Vancouver, BC: Galore Resources Inc. (TSX -V: GRI) (“Galore” or the “Company”) has
received assay results for the first two core holes at El Alamo as part of a 2,500-meter diamond
core drilling program at the Dos Santos Project, Concepcion del Oro, Zacatecas . Holes EA-001
and EA-002 returned low grade silver values, possibly indicative of an upper level epithermal
system.
Highlights:
New 100 -170m thick zone of mineralization believed to be a low lying structure
discovered in the first two core holes assayed.
Low levels of silver mineralization, trace elements , and alteration are indications of
an upper level epithermal system.
1,667.2m of core completed to date.
Detailed mapping and sampling planned for possible new extension of the
discovered mineralization.
Core holes EA -001 and EA -002 targeted surface oxide limestone/jasperoids breccia containing
anomalous gold v alues believed to be associated with karst solution brecciation. An upper
mineralized zone is defined by low grade silver mineralization intersected in the core holes and
strongly anomalous gold values from the previous rock chip sampling (Figure 1). This upper
mineralization encountered in both holes possibly is a supergene cap that forms a shallow
dipping zone up to approximately 30m in apparent thickness.
Based on drill results to date a lower and much larger zone of mineralization was intersected an d
shown on Figure 1. The lower zone of mineralization is associated with brecciated limestone
that is interpreted to represent a large structure dipping to the south.
Both holes EA -001 and EA -002 intersected limestone breccia zones with gold mineralizat ion.
EA-001 intersected 3.55m averaging 0.68 g/t Au between 14.2m to 17.75m (Table 1 and Figure
1). EA-001 also intersected 1.2m with a grade of 8.8 g/t Au within a larger 3.4m gold interval
between 25.7m to 29.1m averaging 3.46g/t Au. Both of the gold i ntervals are within a larger
silver zone from 0 to 29.1m averaging 2.18 g/t Ag.
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Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
HOLE NO.
FROM TO
LENGTH
(M)* Ag g/t Au g/t
EA-001
0.00 29.10 29.1 2.18
including 14.20 17.75 3.55 6.10 0.68
including 25.70 29.10 3.40 3.27 3.46
and 25.70 26.90 1.20 6.08 8.89
69.15 72.80 3.65 1.95
130.00 136.75 6.75 4.21
152.75 159.20 6.45 1.37
194.10 205.00 10.90 13.90
including 199.20 200.20 1.00 88.30
EA-002
0.00 24.05 23.55 3.54
142.00 151.90 9.90 2.84
164.00 210.00 46.00 6.62
238.00 247.50 9.50 4.51
257.30 277.75 20.45 4.24
292.00 318.40 26.40 4.49
including 309.25 318.40 9.15 4.73 2.02
* Drilled length, true thickness of intervals is not known.
Also, EA-002 significantly intersected anomalous gold mineraliza tion at the base of the lower
zone over an interval of 9m averaging 2.02 g/t Au (Table 1). This zone is hosted in a strongly
oxidized leached breccia including argillic alteration and vuggy silica (Figure 6, Press Release
August 12). These are all positive indicators of the upper levels of an epithermal system.
This new lower zone defined by low grade silver mineralization is approximately 120m to 170m
of apparent thickness. Figure 1 is a vertical section oriented NW with the view to the SW
(Figure 2). The suggested dip of this new low grade silver z one is for visual purposes only as
only two of the five core holes have been submitted to ALS for analysis.
Gold and silver values from EA -001 and EA-002 also contain trace elements that are associated
with a typical e pithermal system. These include positive correlation with arsenic (As), barium
(Ba), cadmium (Cd), copper (Cu), molybdenum (Mo), lead (Pb), antimony (Sb), thallium (Tl),
tungsten (W), and zinc (Zn).
Table 1 Significant Assay Results EA-001 and EA-002
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19141 STONE OAK PKWY. #104 | SAN ANTONIO, TEXAS | 78258
Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
Figure 1. El Alamo Target Location.
Drill holes EA-003, EA-004, and EA-005 also were completed at El Alamo (Table 2, Figure 2)
and a total of 1,662.7m of core drilling have been completed to date . Select samples from EA -
003 have been sent to ALS for analysis and results are pending . Oxidized limestone breccias
intersected in holes EA -003, EA -004, and EA -005 currently are being added to the geologic
model and pending assay results could further support the area as proximal to an epithermal
system. Additional drill holes are in the planning stage.
Table 2. Summary of El Alamo Drilling To Date.
HOLE NO EAST NORTH AZIMUTH DIP TOTAL
LENGTH
EA-001 255811 2707929 3250 -500 252
EA-002 255811 2707929 3600 -900 358.7
EA-003 255974 2707893 3250 -600 263*
EA-004 255911 2707929 250 -250 450
EA-005 255911 2707929 3600 -900 340*
* HOLE NOT COMPLETED
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19141 STONE OAK PKWY. #104 | SAN ANTONIO, TEXAS | 78258
Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
Quality Control
Drill core is logged and sampled by a senior geologist at a secure core shed located in
Concepcion del Oro. Core samples are cut in half, using a diamond cutting saw , half of the core
is retained in the core box for reference material and/or future testing. Sample intervals are
approximately one meter in length with the final determination based on the geological logging.
A strict QA/QC program is in place; which included in sertion of mineralized standards at a rate
of one in 20 samples and blank samples at a rate of one in 40. The commercial standards and
blanks were purchased from Rock Laboratory. To maintain proper chain of custody , samples are
picked up at the core shed by ALS personnel from Zacatecas and the analysis completed by
ALS, Vancouver.
Qualified Person
The technical and scientific information contained within this news release has been reviewed
and approved by Bill Fleshman, Vice President of Exploration (Fellow of the AusIMM and a CP
(chartered professional #107342) and Qualified Person as defined by National Instrument 43-101
Policy.
Figure 2. El Alamo drill locations.
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19141 STONE OAK PKWY. #104 | SAN ANTONIO, TEXAS | 78258
Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
About Galore Resources
Galore Resources is a mineral exploration and development company whose focus is to make
and develop signi ficant 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 Proje ct. 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 [email protected].
Cautionary Statement : 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 be accurate and fu ture 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 are made, and we d o 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.
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