Power Ore Details Full Results and Sections for Opemiska's Drill Program

Power Ore Details Full Results and Sections

for Opemiska's Drill Program

TORONTO

,

Sept. 10, 2019

/CNW/ -

PowerOre Inc. ("Power Ore" or the "Company") (TSX.V: PORE)

is pleased to report its detailed summary of the results including plans, sections and interpratations

from its recent 2019 drill program at the Opemiska Copper Mine Complex ("Opemiska") in the

Chibougamau

District of

Quebec

. Opemiksa consists of two former producing underground mines,

Springer and Perry. This drill program focused exclusively on Springer which is being reinterpreted as

an open pit project.

Power Ore's conclusion from the drill program:

Confirmation of our hypothesis for near surface disseminated mineralization with twelve

mineralized intersections over or near 100 metres;

Further drilling is needed in areas where mineralization was previously not expected, specifically

in the Hinge Zone within the rhyolite, previously interpreted as barren and the Southeast Zone

which delivered a 284 metre mineralized interval;

Further drilling is needed on newly discovered high grade veins outside of the previously mined

envelope;

Crown Pilars are thicker than anticipated

Notable intersections from Opemiska's 23 hole, 3,364 metre drill program include:

High-grade Intersections with Copper Eq* over 1.00%

Copper Eq (%)*

Interval (m)

From (m)

To (m)

Hole ID

Zone

4.65

7.9

81.1

89.0

OPM-19-19

Mill

4.15

25.0

38.0

63.0

OPM-19-18

Mill

3.07

43.0

38.0

81.0

OPM-19-14

Hinge

2.54

74.0

28.0

102.0

OPM-19-18

Mill

2.12

11.9

49.4

61.3

OPM-19-02

Hinge

1.96

19.0

81.0

100.0

OPM-19-13

Hinge

1.79

13.8

94.2

108.0

OPM-19-09

Southeast

1.76

5.5

51.0

56.5

OPM-19-06

Mill

1.62

14.8

61.5

76.3

OPM-19-20

Mill

1.55

7.0

18.0

25.0

OPM-19-20

Mill

1.52

26.0

76.0

102.0

OPM-19-22

Mill

1.39

10.0

141.0

151.0

OPM-19-16

Hinge

1.19

7.9

14.2

22.1

OPM-19-07

Mill

1.17

13.0

97.0

110.0

OPM-19-07

Mill

1.16

5.7

53.0

58.7

OPM-19-03

Hinge

1.10

15.3

34.0

49.3

OPM-19-21

Hinge

1.09

23.8

7.2

31.0

OPM-19-04

Mill

1.01

162.0

3.0

165.0

OPM-19-14

Hinge

Mineralized Intervals near or over 100 metres

Copper Eq (%)*

Interval (m)

From (m)

To (m)

Hole ID

Zone

0.30

284.4

27.6

312.0

OPM-19-09

Southeast

0.20

224.5

2.0

226.5

OPM-19-06

Mill

0.22

186.0

6.0

192.0

OPM-19-04

Mill

1.01

162.0

3.0

165.0

OPM-19-14

Hinge

0.35

137.9

12.1

150.0

OPM-19-13

Hinge

0.65

133.9

16.1

150.0

OPM-19-19

Mill

0.32

130.6

9.0

139.6

OPM-19-07

Southeast/Mill

0.48

114.0

36.0

150.0

OPM-19-22

Mill

0.27

113.4

0.6

114.0

OPM-19-01

Hinge

0.76

105.0

2.0

107.0

OPM-19-02

Hinge

0.36

100.0

7.0

107.0

OPM-19-21

Hinge

0.56

97.0

55.0

152.0

OPM-19-16

Hinge

*Copper Equivalent ("Cu Eq.") grade including copper, gold, silver, cobalt and zinc based on 100%

recoveries is calculated using the following equation: Cu Eq. = [(Cu % x 20 x Cu price) + (Au grade /

34.2857 x Au price) + (Ag grade / 34.2857 x Ag price) + (Co % x 20 x Co price) + (Zn % x 20 x Zn

price)] / (20 x Cu price). We used Cu, Au, Ag, Co and Zn price of

US$2.65

,

US$1,400

and

US$14.75

,

US$15.00

and

US$1.19

respectively.

Click here for Plan Views and Sections from Recent Drill Program

Click here for Map of Drill Hole Locations and Zones

Zones of Exploration on Springer from Recent Drill Program

Hinge Zone

Holes 11 to 16 and 21 were drilled on either side of the glory hole of #3 Vein and in the vicinity of the

crown pillars of #1 and #2 veins to test for dissiminated mineralization along the rhyolite-

pyroxenite/gabbro contact in the hinge zone of the regional fold. The twinned hole 01, was also drilled

in the Hinge Zone and confirms mineralization previously drilled by

Falconbridge

. Holes 02, 03 and 11

confirmed that much low grade material was left behind from mining of the glory hole and indicate that

the disseminated mineralization extends for at least 175 metres perpendicular from the contact with

rhyolite. The drilling also showed that the rhyolite can be mineralized as shown in Hole 03, drilled

entirely in the rhyolite and intersecting 0.35% Cu-EQ* over 58.0 metres. Moreover the drilling

highlighted a number narrow high-grade veins that were never mined and as such were never

identified by

Falconbridge

. Holes 02, 14 and 16 were notable holes in this zone, with Hole 02

intersecting 0.76% CuEq over 105.0 metres, Hole 14 intersecting 1.01% CuEq over 162.0 metres and

Hole 16 intersecting 0.56% CuEq over 97.0 metres.

Mill Zone

The Mill Zone is located along the rhyolite-pyroxenite/gabbro contact and extends towards the

northeast from the Hinge Zone. Holes 18, 20 and 22 were all oriented northwest and drilled into the

rhyolite contact whereas Hole 19 was drilled to the south and collared between the Mill Zone and the

Hinge Zone. The Mill Zone represents deep crown pillars under the old mill and abundant

disseminated mineralization in the Ventures gabbro between #20 and #23 veins and extends to the

south towards #1 Vein. The drilling confirms high grades of the disseminated mineralization with Hole

18 intersecting 2.54% Cu-EQ* over 74.0 metres and the thick and very high grades of the crown

pillars of #20 Vein (4.15% Cu-EQ* over 25.0 metres from 38.0 metres in Hole 18), of #1 Vein (4.65%

Cu-EQ* over 7.9 metres from 81.1 metres in Hole 19) and of #3 Vein (1.52% Cu-EQ* over 26.0

metres from 76.0 metres in Hole 22).

Southeast Zone

Only Hole 09 (a twinned hole) was drilled into the Southeast Zone. This area is to the south of #3

Vein and extends to the south to #7 Vein and from the glory hole to the abandoned railway spur. Hole

09 intersected 0.30% Cu-EQ* over 284.4 metres.

Gold Potential of Opemiska Property

Gold was an important by-product from the Springer Mine. At mine closure,

Falconbridge

(Minnova at

the time) reported in situ reserves at Springer totaling 2.44 million tonnes grading 1.67% copper and

1.89 gpt gold (see note on historical mineral reserves and mineral resources at the end of this news

release).

A total of 1135 samples of half core were analysed for gold in addition to copper, silver, cobalt and

zinc. The average content of gold, which is 0.18 gpt gold, is more influenced by the high outlier values

of gold among the samples. Although no systematic spatial relationship has been identified for the

high gold values, there is good correlation between gold and copper, with nearly 5% of the gold

assays showing over 1.0 gpt gold (with the highest value of 9.87 gpt gold). Additionally, historical

reports while the Springer underground mine was operational make reference to the Arsenopyrite vein

which occurs behind the old mill. This vein was reported to contain generally low copper values, which

is why it was never mined, but contained elevated gold values. At the generally prevailing gold prices

during most of Springer's mine life (1956-1991), this type of vein would not have been attractive to the

mine, given they had a floatation mill which is unsuitable for gold associated with arsenopyrite.

Exploration Holes

Drill holes 02, 03, 06, and holes 10 to 23 are all exploration holes and were mainly drilled to fill gaps

between

Falconbridge

surface drill holes to get a better understading of the dissiminated

mineralization and complete the Springer block model with more accuracy.

Twinned Holes

Holes 01, 04, 05, and 07 to 09 were twins of holes drilled by

Falconbridge

to validate the extensive

surface and underground historical drilling (800,000 metres) previously conducted by

Falconbridge

at

Opemiska during its past exploration and underground production stages. We note that given that a

significant amount of drilling occurred while Opemiska was in production under

Falconbridge

,

reconciliation of tonnage and grade occurred annually and hence, attests to the high quality of this

historical data. Once validated, the historical data can be used as part of a resource estimate at

Opemiska.

Principal Conclusions

This first phase of drilling on the historical Springer Mine has confirmed our expectations regarding the

distribution of disseminated mineralization, while posing new questions regarding distribution of the

mineralization and new mineralized areas previously interpreted to be unmineralized. Mineralization

increases closer to the rhyolite-pyroxenite/gabbro contact, and we see better than expected

mineralization south of #3 Vein, towards #7 Vein. The footwall rhyolite was also found to be more

mineralized than expected and the disseminated material in the Mill Zone in the vicinity of #20 and #23

veins is much better than expected, with the crown pillars thicker than expected. Finally, it should be

noted that no drilling was done on Perry, which still had significant underground reserves remaining

when the mine shutdown in 1991 and for which RPA estimated underground exploration targets

between 3.0 and 11.0 million tonnes at between 1.5% and 2.5% copper (see note on Exploration

Targets at the end of this news release).

Next Steps

Springer

It is clear that additional drilling is warranted in multiple existing and new zones, in particular to

redefine the limit of the rhyolite and pyroxenite/gabbro and Southeast zones. Additionally, further infill

drilling is required to increase the confidence in resource estimate categorization.

Perry

Digitizing of historical work and generation of a block model digitizing is expected to be complete in

September. Once complete, its geologic model will be on par with that of Springer. This will allow the

Company to complete its internal resource estimate and to define targets for its ensuing drill program.

A detailed future work plan for Perry and Spring will follow in a subsequent news release.

Orientation of Drilling and True Widths of Mineralization

Field based and drill hole evidence clearly indicate that several orientations of veins are present on

the Opemiska Property but that around the Springer Mine the veins are predominantly EW with a

steep dip to the north. South directed drill holes are intersecting those veins near perpendicular.

However in the disseminated mineralization we find veins with various core angles suggesting that

other directions may be important. As such, in the disseminated mineralization the true width of

mineralized intersections is estimated to be the same as the drill core width even though the

mineralization may have an overall envelope that is different.

QP Statement

The technical information contained in this news release has been reviewed and approved by

Charles

Beaudry

, P.Geo and géo., Director and Vice President Exploration for Power Ore, who is a Qualified

Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." For

the exploration undertaken by Power Ore all assay batches are accompanied by rigorous Quality

Assurance procedures that include insertion of standards and blanks and verification assays in a

secondary laboratory. Quality Control results, including the laboratory's own control samples, are

evaluated immediately on reception of batch results and corrections implemented immediately if

necessary. All drill collars are surveyed and positioned in UTM coordinates. Downhole deviations

surveys are done with a Reflex instrument at

30m

intervals. A systematic density measurement

program using two methods was implemented to measure density of all rock types. A specific

susceptibility measurement protocol was also implemented to better estimate the relative abundance

of magnetite in the variably magnetic rocks of the Ventures Sill.

Note on Historical Mineral Reserves and Mineral Resources and on Exploration Targets

The mineral reserves left in the mine when production was suspended are historical in nature and

cannot be considered mineral reserves for our purposes. Power Ore considers that insufficient work

has been done on the Springer mine to define any mineral resources and does consider historical

reserves to be mineral reserves or mineral resources and only presents these numbers to indicate the

amount of mineralized material left behind by Falconbridge. The potential tonnage and grade of

Exploration Targets defined by RPA Consultants are conceptual in nature. There has been insufficient

exploration to define them as mineral resources and it is uncertain if further exploration will result in

the targets being delineated as mineral resources. As such Power Ore does not consider exploration

targets as mineral resources and neither should the reader.

About Opemiska Copper Mine Complex

The Opemiska Copper Complex is located adjacent to the town of

Chapais, Quebec

within the

Chibougamau

region. Opemiska is also within the Abitibi Greenstone belt and within the boundaries of

the Province of

Quebec's

Plan Nord which promotes and funds infrastructure and development of

natural resource projects. The project consists of 11 mining claims and covers the past producing

Springer & Perry mines which were owned and operated by

Falconbridge

. The project has excellent

in place infrastructure including a powerstation and direct access to Highway 113 and the Canadian

National Railway.

Opemiska was mined by

Falconbridge

as a high-grade underground mining operation and was in

production for over 35 years prior to Ex-In acquiring the property in 1993.

For information and updates on Power Ore, please visit:

www.powerore.com

And please follow us on Twitter

@PowerOre

N

either 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. Certain information in this press release may contain forward-looking statements. This

information is based on current expectations that are subject to significant risks and uncertainties

that are difficult to predict. Actual results might differ materially from results suggested in any

forward-looking statements. Power Ore is a trade name of PowerOre Inc. PowerOre Inc. assumes

no obligation to update the forward-looking statements, or to update the reasons why actual results

could differ from those reflected in the forward looking-statements unless and until required by

securities laws applicable to PowerOre Inc. Additional information identifying risks and uncertainties

is contained in filings by PowerOre Inc. with Canadian securities regulators, which filings are

available under PowerOre Inc. profile at

www.sedar.com

.

Table 1: Summary statistics of spring 2019 diamond drilling program on Opemiska Project. Note that

collars have not yet been surveyed.

HOLE_ID

UTEM_EAST

UTM_NORTH

AZIMUTH

DIP

DATE_STARTED

DATE_ENDED

OVERBURDEN

LENGTH_M

CUMMULATIVE_M

OPM-19-01

509620.0

5515006.0

180

-48

May 16/2019

May17/2019

1.3

139.1

139.1

OPM-19-02

509668.0

5515069.0

180

-50

May 17/2019

May 18/2019

2.0

107.5

246.6

OPM-19-03

509510.0

5514950.0

180

-60

May 18/2019

May 19/2019

2.6

115.4

362.0

OPM-19-04

509880.0

5514959.0

180

-47

May 19/2019

May 20/2019

3.0

193.7

555.7

OPM-19-05

509805.0

5514939.0

180

-46

May 20/2019

May 21/2019

2.5

98.5

654.2

OPM-19-06

509830.0

5515009.0

180

-50

May 21/ 2019

May 23/2019

2.5

226.5

880.7

OPM-19-07

509778.0

5514820.0

180

-48

May 23/ 2019

May 24/ 2019

2.3

139.6

1020.3

OPM-19-08

509957.0

5514963.0

180

-45

May 24/ 2019

May 25/2019

2.0

188.0

1208.3

OPM-19-09

510066.0

5514786.0

180

-65

May 24/ 2019

May 28 /2019

8.0

320.6

1528.9

OPM-19-10

509975.0

5514896.0

180

-49

May 28/ 2019

May 28/2019

3.0

51.1

1580.0

OPM-19-11

509592.0

5514808.0

360

-60

May 29/2019

May 29/2019

12.5

37.9

1617.9

OPM-19-12

509592.0

5514808.0

225

-45

May 29/2019

May 31/2019

11.5

122.6

1740.5

OPM-19-13

509592.0

5514808.0

300

-45

May 31/2019

June 01/ 2019

11.8

195.7

1936.2

OPM-19-14

509620.5

5515005.8

230

-45

June 01/2019

June 03/ 2016

2.7

173.0

2109.2

OPM-19-15

509620.5

5515005.8

315

-45

June 03/ 2019

June 03/ 2019

17.7

38.0

2147.2

OPM-19-16

509640.0

5514904.0

315

-45

June 04/ 2019

June 05/2019

2.5

160.5

2307.7

OPM-19-17

509668.0

5515068.8

315

-45

June 05/2019

June 05/2019

2.3

100.9

2408.6

OPM-19-18

509753.1

5515065.4

315

-45

June 06/2019

June 07/2019

2.8

146.9

2555.5

OPM-19-19

509753.0

5515040.0

180

-45

June 07/ 2019

June 08/2019

1.2

158.3

2713.8

OPM-19-20

509790.0

5515124.0

315

-45

June 08/2019

June 09/ 2019

6.7

149.0

2862.8

OPM-19-21

509671.0

5514936.0

180

-60

June 09/2019

June 10/2019

1.4

113.6

2976.4

OPM-19-22

509835.0

5515145.0

315

-45

June 10/2019

June 11/2019

1.7

150.0

3126.4

OPM-19-23

509974.0

5515286.0

315

-45

June 11/2019

June 13/2019

5.7

223.6

3363.9

Table 2: Spring 2019 Drill Results from Springer

Hole ID

Grade

Interval

(m)

From

(m)

To

(m)

Copper Eq

(%)

Copper

(%)

Gold

(gpt)

Silver

(gpt)

Cobalt

(%)

Zinc

(%)

OPM-19-01

0.27

0.15

0.09

1.43

0.005

0.03

113.4

0.60

114.0

Including*

0.98

0.50

0.41

5.93

0.006

0.19

15.0

51.0

66.0

and*

0.39

0.25

0.12

1.74

0.005

0.005

9.20

96.8

106.0

OPM-19-02

0.76

0.43

0.36

2.72

0.005

0.02

105.0

2.0

107.0

Including*

2.12

1.81

0.22

10.6

0.005

0.074

11.9

49.4

61.3

and*

5.60

2.53

3.66

14.8

0.016

0.093

8.00

99.0

107.0

OPM-19-03

0.35

0.22

0.84

5.02

0.002

0.028

58.0

33.0

91.0

Including*

1.16

0.71

0.35

14.2

0.007

0.06

5.7

53.0

58.7

OPM-19-04

0.22

0.13

0.10

1.03

0.002

0.009

186.0

6.00

192.0

Including*

1.09

0.53

0.61

5.48

0.005

0.045

23.8

7.2

31.0

and*

1.79

1.50

0.21

6.39

0.008

0.059

4.30

186.6

190.9

OPM-19-05^

2.17

0.84

1.54

9.1

0.010

0.027

2.4

96.1

98.5

OPM-19-06

0.20

0.12

0.078

0.86

0.002

0.012

224.5

2.00

226.5

Including*

1.76

1.30

0.49

5.41

0.005

0.030

5.50

51.0

56.5

OPM-19-07

0.32

0.18

0.16

0.94

0.002

0.003

130.6

9.00

139.6

Including*

1.19

0.84

0.32

6.74

0.008

0.011

7.90

14.2

22.1

and*

1.17

0.39

0.99

1.22

0.002

0.002

13.0

97.0

110.0

OPM-19-08

0.52

0.35

0.12

3.31

0.004

0.08

12.4

116.6

129.0

OPM-19-09

0.30

0.20

0.10

1.09

0.003

0.008

284.4

27.6

312.0

Including*

0.77

0.59

0.15

3.41

0.005

0.009

19.6

26.4

46.0

and*

1.79

1.45

0.33

4.43

0.008

0.014

13.8

94.2

108.0

and*

0.33

0.24

0.07

0.84

0.003

0.003

13.4

122.0

135.4

and*

1.03

0.56

0.46

4.97

0.01

0.08

16.0

296.0

312.0

OPM-19-10

No significant intersection

OPM-19-11*

0.73

0.48

0.25

4.49

0.003

0.02

14.8

19.20

34.00

OPM-19-12*

0.43

0.25

0.17

2.11

0.005

0.01

14.0

12.00

26.00

OPM-19-13

0.35

0.26

0.08

1.14

0.004

0.008

137.9

12.10

150.0

Including*

1.96

1.51

0.46

5.07

0.008

0.013

19.0

81.0

100.0

OPM-19-14

1.01

0.46

0.20

3.68

0.003

0.79

162.0

3.00

165.0

Including*

3.07

1.27

0.56

8.78

0.005

2.82

43.0

38.0

81.0

and*

0.54

0.15

0.19

2.28

0.004

0.447

8.0

89.0

97.0

OPM-19-15*

0.39

0.28

0.10

0.78

0.004

0.007

16.0

19.0

35.0

OPM-19-16

0.56

0.35

0.21

2.48

0.004

0.009

97.0

55.0

152.0

Including*

0.72

0.41

0.34

3.05

0.004

0.011

50.0

55.00

105.0

and*

1.39

1.13

0.24

6.48

0.003

0.008

10.0

141.0

151.0

OPM-19-17^

1.13

0.81

0.34

3.20

0.004

0.008

2.00

18.00

20.00

OPM-19-18

2.54

2.13

0.41

7.61

0.006

0.013

74.0

28.0

102.0

Including*

4.15

3.25

0.96

11.3

0.01

0.02

25.0

38.0

63.0

and*

5.40

4.95

0.33

18.0

0.008

0.024

14.5

73.0

87.5

OPM-19-19

0.65

0.53

0.11

1.82

0.003

0.008

133.9

16.10

150.0

Including*

0.59

0.47

0.11

1.34

0.003

0.005

13.2

16.1

29.3

and*

4.65

4.10

0.51

11.15

0.008

0.018

7.90

81.1

89.0

and*

0.52

0.37

0.16

1.46

0.004

0.005

19.0

98.6

117.6

and*

1.82

1.51

0.27

7.01

0.006

0.017

12.3

137.7

150.0

OPM-19-20

0.57

0.41

0.15

2.02

0.003

0.006

102.1

15.0

117.1

Including*

1.55

1.27

0.24

8.06

0.004

0.011

7.00

18.0

25.0

and*

1.62

1.07

0.61

5.07

0.006

0.011

14.8

61.5

76.3

and*

0.97

0.77

0.19

2.87

0.005

0.010

21.1

96.0

117.1

OPM-19-21

0.36

0.17

0.20

1.57

0.003

0.009

100.0

7.00

107.0

Including*

0.50

0.37

0.10

2.34

0.003

0.008

17.0

7.00

24.0

and*

1.10

0.27

1.00

3.76

0.003

0.011

15.3

34.0

49.3

OPM-19-22

0.48

0.34

0.14

1.13

0.003

0.004

114.0

36.0

150.0

Including*

1.52

1.11

0.47

2.79

0.005

0.007

26.0

76.0

102.0

OPM-19-23

0.48

0.39

0.07

2.00

0.004

0.006

22.0

187.0

209.0

*: Composite includes intervals no greater than

6.0m

with results inferior to 0.30% Cu-Eq.

^: Single sample composite.

SOURCE

Power Ore

View original content:

http://www.newswire.ca/en/releases/archive/September2019/10/c1642.html

%SEDAR: 00045293E

For further information:

To speak to the Company directly, please contact: Stephen Stewart, Chief

Executive Officer, Phone: 416.644.1571, Email: [email protected]

CO: Power Ore

CNW 08:25e 10-SEP-19