Galore Resources Provides an Update ON Drill Program
GRI: TSX-V
GALOF: OTCQB
Mailing Address: 2701 Little Elm Parkway, Suite 100 #512 | Little Elm, Texas, USA | 75068
Tel: (210) 860-9212 | Fax: (604) 648-8894 | www.galoreresources.com
FOR IMMEDIATE RELEASE September 6, 2022
GALORE RESOURCES PROVIDES AN UPDATE ON DRILL PROGRAM
Vancouver, B.C., Galore Resources Inc. (TSX-V: GRI) (OTCQB: GALOF) is pleased to
provide an update on the San Jose drill program at the Company’s Dos Santos Project, Mexico.
Three diamond drill holes were completed in the San José area, which is located on the Northern
portion of the Dos Santos Project . These three holes are SJ20, SJ21, and SJ22. Upon completion
of hole SJ21, Galore’s geological team decided to execute an additional hole, the SJ22 to be able
to expand the explored area towards the SE, due to the enormous evidence of mineralization of the
rock mapped on surfac e and found along the SJ21 hole. The hole SJ20 was projected to the SE
cutting the area with the greatest evidence of alteration and mineralization along the main NE-SW
and N-S structures present at the southern part of San José.
Fortunately, we have had great success with these three diamond holes, with intersections that
confirm the prolongation of NS and NE-SW structures previously cut in the last drilling campaign
of 2009.
Highlights of holes SJ 20, SJ 21, and SJ22
Hole From
(m) To (m) Length
(m)*
Au
(ppm)
Ag
(ppm)
Ba
(%)
Pb
(%)
SJ 20 39.00 40.20 1.20 2.26 1%
119.7 120.55 0.85 2.06 0.90%
SJ 21
25.20 27.00 1.80 3.69
27.00 27.70 0.70 0.793
27.70 29.00 1.30 0.592
SJ 22
52.00 53.00 1.00 0.202 45.10
55.00 56.00 1.00 0.408 66.60
56.00 57.00 1.00 0.072 47.00
58.00 59.00 1.00 0.048 86.00 1.20%
59.00 60.00 1.00 0.033 24.9
65.00 66.00 1.00 1.385 10.05
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Mailing Address: 2701 Little Elm Parkway, Suite 100 #512 | Little Elm, Texas, USA | 75068
Tel: (210) 860-9212 | Fax: (604) 648-8894 | www.galoreresources.com
These results are very encouraging, correlating with
previous results, from surface geochemistry, and same as
the geochemistry of the 2009 Reverse Circulation
campaign. We have the scenario of thin structures having
Gold that extends along 700 meters, intersected in the first
200 meters of depth at the holes 2S -06, 2S-07, 2S-08, 2S-
10 and 2S -12 (Reverse Circulation Campaign, 2009) . On
the surface channel samples that have important gold
values, (A sample of 208 ppm Au @ 0.50 meters in old
works), all of the above, located within a strip of North
South orientation. We have scheduled holes within the area
that are planned to test the continuity and extension of this
mineralized system and start with the calculation of
resources in the San José area. In addition to the above and
according to the epithermal models, we have a chance of
finding at depth, better values of Gold and Silver, due to a
better preparation of the host roc k and the geochemical
assembly obtained today, which shows an epithermal
system of low to intermediate sulfidation.
Qualified Person
Dr. Julio Pinto Linares has a PhD in geological sciences with a specialty in economic geology and
qualified professional No. 01365 by MMSA and is the qualified person as defined by National
Instrument 43-101 responsible for the accuracy of the technical information contained in this news
release presented by Galore Resources Inc.
On Behalf of the Board, I am respectfully yours,
Michael McMillan,
President and Chief Executive Office
For Further Information about Galore Resources,
S J 0 1 6
E A 0 1 5
S J 0 1 9
S J 0 1 7
S J 0 1 8
S J 0 2 0
S J 0 2 1
S J 0 2 2
@ 1.20 meters with 2.26 ppm Au
@0.85 mts with 2.06 ppm Au
@1.30 mts with 0.592 ppm Au
@0.70 mts with 0.793 ppm
@1.80 mts with 3.69 ppm Au
@1.0 mts with 1.385 ppm Au
@ 2.00 meters with 0.456 ppm Au
@ 2.00 meters with 0.626 ppm Au
@ 2.00 meters with 1.88 ppm Au
@ 2.00 meters with 0.431 ppm Au
@ 2.00 meters with 0.594 ppm Au
@ 2.00 meters with 1.019 ppm Au
@ 2.00 meters with 0.962 ppm Au
@ 2.00 meters with 1.102 ppm Au
2S-08
2S-062S-07
2S-09
2S-10
2S-11
2S-12
2S-13
S J 0 2 0
S J 0 1 6
2S-12 RC 2009 Drill program
DDH 2022 Executed
DDH 2022 programmed
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Mailing Address: 2701 Little Elm Parkway, Suite 100 #512 | Little Elm, Texas, USA | 75068
Tel: (210) 860-9212 | Fax: (604) 648-8894 | www.galoreresources.com
Please visit the Company's website at www.galoreresources.com or contact the Company's Chief
Financial Officer and Vice -President of Corporate Communications, Drew McMillan, by
telephone (210-325-7971) or e-mail ([email protected]).
About Galore Resources
Galore Resources is a mineral exploration and development company 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 deposit in Mexico. Our flagship project is located in the
heart of the Concepcion del Oro Mining District, the Dos Santos Project, which covers two known
historic gold zones , is on trend with Newmont’s Penasquito Mine, and based on past drilling,
trenching, and an airborne geophysical survey, has the potential to host several bulk tonnage gold
deposits.
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in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news release includes “forward -
looking statements” and “forward -looking information” within the meaning of Canadian securities legisla tion. All statements
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Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of
management regarding Oztoc’s ability to finalization of the outstanding governmental permits , resume refining precious metals,
install updated equipment and bring the Duranzillo mine back to full production, as well as the Company’s ability to conduct a drill
program at its Mexican mineral properties and the timing thereof, the prospective deposits , targets and mineralization at the
properties and the anticipated receipt and timing of necessary governmental or third-party approvals and permits.
Such forward-looking information reflects management’s current beliefs and is based on a number of estim ates and assumptions
made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed
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nor guarantee, and is subject to known and unknown risks and uncertainties including, but not limite d to, delays in obtaining
governmental or third party approvals and permits, actual results of exploration activities, unanticipated geologic formation s,
structures and characteristics, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues,
and other risks in the mining industry as well as general business, economic, competitive, political and social uncertainties ,
uncertain and volatile equity and capital markets and lack of available capital. There are no assurances that the Company will obtain
the necessary permits for and successfully complete the proposed technical and drill program at San Jose and El Alamo as currently
contemplated or at all. In addition, there is uncertainty about the spread of COVID-19 and variants of concern and the impact they
will have on the Company’s operations, supply chains, ability to access mineral properties, conduct due diligence or procure
equipment, contractors and other personnel on a timely basis or at all and economic act ivity in general. All forward -looking
information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings
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should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new information , future events or otherwise, except as required by
law.