KORE Stakes District Scale Exploration Trend at Imperial Project
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TSXV – KORE
WKN: 875742
ISIN : CA2986551018
KORE STAKES DISTRICT SCALE EXPLORATION TREND AT IMPERIAL PROJECT
Vancouver, BC September 12, 2019 – KORE Mining Ltd. – TSXV: KORE (“KORE” or the “ Company”) is pleased to
announce that it has staked a large exploration land position around the Imperial project (“Imperial” or “Project”).
The newly staked claims (“new claims”) extend from the operating Mesquite mine (currently owned by Equinox Gold
Corp, TSXV: EQX) to the depleted Picacho mine over a 28 km trend with Imperial roughly equidistant between the
two. The staked area is largely under -cover with minimal outcrop and has not been subject to modern exploration
techniques.
Scott Trebilcock, President and CEO stated “ KORE be lieves in the untapped exploration for new shallow oxide
discoveries on the trend now controlled by KORE. We have several targets from past operators near Imperial but a
vast majority is under-explored and has seen no modern exploration techniques.” Mr. Trebilcock continued, “Having
the intact Imperial deposit to tune our geophysical and chemical sensing will greatly enhance our ability to generate
drill targets and make new discoveries.”
The new claims are not subject to any royalties. The 1,005 new claims total 20,602 acres bringing KOREs total in the
region to 26,323 acres, a 360% increase.
A map of the new claims is appended to this new release.
The trend, identified by a geophysical anomaly (gravity high), hosts greater than 7 million ounces of past production
(Mesquite and Picacho) as well as current and historic reserves and resources of over 5 million ounces, for a total of
over 12 million ounces of gold.
All new claims have been filed with Imperial County and the Bureau of Land Management.
About KORE
KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British
Columbia. KORE is supported by strategic investors Eric Sprott and Macquarie B ank who, together with the
management and Board own 66% of the basic shares outstanding. F urther information on KORE and its assets can
be found on the Company’s website at www. koremining.com and at www.sedar.com , or by contacting us
as [email protected] or by telephone at (888) 407-5450.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any KORE common shares in
the United States.
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.
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Map of Imperial Project & newly staked claims
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 li mitation,
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 fa ctors 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 u ndue
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 forw ard-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.