KORE Mining Makes Clarifying Statements Regarding Historical Information
KORE Mining Makes Clarifying Statements
Regarding Historical Information
VANCOUVER
,
July 4, 2019
/CNW/ - KORE Mining Ltd. ("
KORE
" or the "
Company
") wishes to
make the following clarifying statements.
The Company refers to a news release issued on
February 27, 2018
by previous management
announcing the reverse take over bid transaction between the Company (then named "Eureka
Resources Inc.") and the private company formerly named KORE Mining Ltd. (the "RTO
Transaction"), and the news release issued on
November 2, 2018
announcing the completion of the
RTO Transaction.
These news releases referred to economic analyses regarding the Imperial Project and the Long
Valley Project derived from "historical estimates" of mineral resources, as such term is defined in
National Instrument 43-101 of the Canadian Securities Administrators ("NI 43-101"). Such economic
analyses are not supported by a current technical report, contrary to NI 43-101, and must not be
relied upon until such time as they have been verified and supported by a current technical report.
In response to a technical disclosure review initiated and undertaken by the British Columbia
Securities Commission, the Company has requested Mine Development Associates to make certain
amendments and revisions to its previously published technical report entitled "Technical Report and
Resource Estimate for the Long Valley Project,
Mono County, California
" dated
April 25, 2018
along
with certain ancillary consents.
About
KORE
KORE Mining is a development stage company that offers exposure to precious metals exploration
and development in
North America
, with a corporate strategy focused on advancing its
California
development and
British Columbia
advanced exploration stage projects.
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.
Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the
Company and other statements that are not historical facts. Forward-looking statements are often
identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions.
All statements other than statements of historical fact, included in this release, including, without
limitation, statements regarding the future plans and objectives of the Company are forward-
looking statements that involve risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could differ materially
from those anticipated in such statements. Such factors include, but are not limited to:
uncertainties related exploration and development; the ability to raise sufficient capital to fund
exploration and development; changes in economic conditions or financial markets; increases in
input costs; litigation, legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability to obtain permits
encountered in connection with exploration activities; and labor relations matters. This list is not
exhaustive of the factors that may affect the Company's forward-looking information.
Important
factors that could cause actual results to differ materially from the Company's expectations also
include risks detailed from time to time in the filings made by the Company with securities
regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and unknown risks, uncertainties,
and other factors, many of which are beyond the control of the Company. The reader is cautioned
not to place undue reliance on any forward-looking information. Such information, although
considered reasonable by management at the time of preparation, may prove to be incorrect and
actual results may differ materially from those anticipated. Forward-looking statements contained
in this news release are expressly qualified by this cautionary statement. The forward-looking
statements contained in this news release are made as of the date of this news release and the
Company will update or revise publicly any of the included forward-looking statements as
expressly required by Canadian securities law.
SOURCE
Kore Mining
View original content:
http://www.newswire.ca/en/releases/archive/July2019/05/c0350.html
%SEDAR: 00005837E
For further information:
Further information on KORE can be found on the Company's website at
www.koremining.com and at www.sedar.com, or by contacting Adrian Rothwell, President and
CEO, by email at [email protected] or by telephone at (888) 406 5779.
CO: Kore Mining
CNW 00:24e 05-JUL-19