Pre-Merger Gold-Ore News Releases
|May 27, 2009|
Gold-Ore Commences Drilling at Ronnberget, Sweden
|Gold-Ore Resources Ltd. announces that an initial diamond drill program has commenced on the Ronnberget property located 4 km east of its Bjorkdal Gold Mine, Sweden. The area is easily accessed by well maintain local roads.|
In the mid 1990's shallow drilling tested an area measuring 800 metres by 400 metres covering anomalous gold values in till samples. Of the 43 holes drilled, approximately 50% intersected gold grades of greater than 1.0 gram per tonne. The best hole DDH95-059 intersected 179 grams of gold per tonne over 6.0 metres, including 1017.5 grams of gold per tonne over 1.0 metre. Gold-Ore re-logged the core from the old drill holes and compiled a database of the results. The gold mineralization is associated with quartz veining and has the same geochemical signature as the Bjorkdal gold deposit with high levels of tungsten, tellurium and bismuth.
The objective of this program is to determine the orientation of the structural controls of the gold mineralization. The initial drill holes will be strategically located to follow up on the mineralization. Based on the success of the initial program additional drilling will be planned for later in the year.
Gold-Ore Resources is a gold mining and exploration company focused in Sweden. The Company is generating positive cash flow, is debt-free and unhedged, and remains focused on increasing gold production from the 100%-owned Bjorkdal Gold Mine. In addition to Bjorkdal, the Company also has other assets in the country; the Ronnberget Gold Property (adjacent to Bjorkdal), the Norrliden Polymetallic Deposit and the Vallberget Polymetallic Property.
For more information please contact Glen Dickson, Bob Wasylyshyn or Ron Ewing at (604) 687-8884. Gold-Ore's project information is posted on the Company's web site at www.goldoreresources.com
ON BEHALF OF THE BOARD
Glen Dickson, Chairman
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, production levels, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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