New Risk • May 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$878k). Shareholders have been substantially diluted in the past year (103% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$20.5m market cap, or US$15.1m). Announcement • Feb 28
KORE Mining Ltd. announced that it has received CAD 5 million in funding from 1130447 Bc Ltd On February 27, 2026, KORE Mining Ltd. closed the transaction. The company announced that it has been approved from shareholders to issue 16,666,666 units of the company at a price of CAD 0.12 per unit, for aggregate proceeds of CAD 1,999,999.92. Each unit consists of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of CA 0.16 for a period of 36 months from the date of issuance. All securities issued in tranche 2 will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. No finders' fees were paid under the closing of tranche 2. The closing of tranche 2 remains subject to final acceptance by the TSX Venture Exchange. Announcement • Feb 17
KORE Mining Ltd. Announces Passing of Director Barry Brandon KORE Mining Ltd. regretfully reports that it has recently learned of the passing of Mr. Barry Brandon, a director of the Company since April 2024. A search for a qualified independent director is now underway to fill the vacancy and the Company will provide further updates in due course. New Risk • Dec 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-CA$878k). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.8m market cap, or US$9.98m). Announcement • Dec 16
KORE Mining Ltd., Annual General Meeting, Feb 20, 2026 KORE Mining Ltd., Annual General Meeting, Feb 20, 2026. Location: british columbia, vancouver Canada Announcement • Oct 21
KORE Mining Ltd. announced that it expects to receive CAD 4 million in funding KORE Mining Ltd. announced non-brokered private placement of up to 33,333,333 units at a price of CAD 0.12 per Unit for gross proceeds of CAD 3,999,999.96 on October 20, 2025. Each Unit will consist of one common share of the Company and one transferable common share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.16 for a period of 36 months from the date of issuance. The Offering is expected to close in one or more tranches in early November and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (the “TSX-V”). All securities issued under this Offering will be subject to a statutory hold period of four months and one
day from the applicable closing date, in accordance with applicable Canadian securities laws. The Company may, in its discretion, pay finder’s fees in cash and/or Warrants to eligible arm’s-length parties in connection with the Offering, as permitted by applicable laws and TSX-V policies. Insiders of the Company may participate in the Offering. The Company expects that any insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the securities subscribed for will not exceed 25% of the Company’s market capitalization. In the event of the creation of a new Control Person, the Company will seek for shareholder approval for this such event. The Company also announces that Jay Sujir has resigned from the Board of Directors, effective October 17, 2025. Sujir will continue to serve the Company in an advisory capacity. Board Change • Sep 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Barry Brandon was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.07m market cap, or US$4.45m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Nov 01
KORE Mining Ltd. announced that it expects to receive CAD 1 million in funding KORE Mining Ltd. announced a non-brokered private placement of up to 25,000,000 units at a price of CAD 0.04 per unit for aggregate gross proceeds of up to CAD 1,000,000 on November 1, 2024. The transaction included participation from all existing shareholders including James Hynes, Executive Chairman and Chief Executive Officer of the company. Each unit will be composed of one common share and one common share purchase warrant. Each warrant entitles the holder thereof will be exercisable into one common share at a price of CAD 0.06 per warrant for a period of 36 months from the date of issuance. The closing of the private placement may be completed in one or more tranches, and is subject to certain customary conditions, including, without limitation, approval of the TSX Venture Exchange. Recent Insider Transactions • Jun 23
Founder recently bought CA$88k worth of stock On the 21st of June, James Hynes bought around 3m shares on-market at roughly CA$0.035 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of CA$290k worth in shares. New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$789k free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.11m market cap, or US$6.65m). Announcement • Apr 13
KORE Mining Ltd., Annual General Meeting, Jun 13, 2024 KORE Mining Ltd., Annual General Meeting, Jun 13, 2024. Announcement • Apr 12
KORE Mining Ltd. Announces Appointment of Barry Brandon as Director KORE Mining Ltd. announced the appointment of Barry Brandon as a director of the Company, effective immediately. Mr. Brandon is a graduate of the University of Washington School of Law, a member of the Washington State Bar Association, the Washington D.C. Bar Association, the Oklahoma Bar Association, and a former founding board member of the Native American Bar Association of Washington D.C., and former board member of the Native American Bar Association. Mr. Brandon is currently the Commissioner of the Muscogee Nation - Office of Public Gaming and consults with a diverse client base which includes federally recognized Indian tribes, national developers, construction contractors, investors, and manufacturers. Mr. Brandon has been a director of numerous companies, past and present, General Counsel for the National Indian Gaming Commission, Seneca Gaming Corporation, and the Seneca Development Corporation, and was a partner at both Akin, Gump, Strauss, Hauer &Feld, L.L.P. in Washington, D.C., and Doerner Saunders Daniel &Anderson in Tulsa, Oklahoma, specializing in Native American law. Mr. Brandon has also worked for the United States Department of the Interior, Office of the Secretary, Washington, DC, Deputy Director - Secretary's Indian Water Rights Office, and United States Department of Justice, Environment &Natural Resources Division, Indian Resources Section, Washington, DC as a Senior Trial Attorney. Mr. Brandon is a citizen of the Muscogee (Creek) Nation. Board Change • Apr 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Don MacDonald was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 13
KORE Mining Ltd. Announces Resignation of Scott Trebilcock from the Board KORE Mining Ltd. announces that Scott Trebilcock has resigned from the Board, effective immediately. Mr. Trebilcock is stepping down due to time conflicts with his consulting business. The Board thanks Mr. Trebilcock for his service. Announcement • Jul 27
KORE Mining Announces 2023 Exploration Plan at the Long Valley Gold-Silver Project KORE Mining Ltd. announced the 2023 exploration plan for the Long Valley gold and silver project (‘Project’). The plan includes drill testing the higher priority shallow oxide resource growth targets as well as the underlying high-grade sulphide feeder structure targets. All permitting completed and reclamation cost has been pre-paid to the USFS to return site to natural state. Approved plan of operation with USFS to drill up to 36 core holes from 12 drill pads. Drill test higher priority shallow oxide resource expansion and untested underlying sulphide. ‘feeder structures’ targets - minimum 3,000 meter program for Phase 1 drilling. Feeder structure drilling designed to drill below high grade historic drill holes that ended in mineralization (examples: LV96-260 2.65 g/t gold over 250 feet ending in 4.32 g/t gold and LV96-248 2.63 g/t gold over 225 feet ending in 2.41 g/t gold). Potential to expand drilling to 15,000 meters, if warranted. Further mapping and geochemical sampling on new structural targets. The company is currently exploring strategic financing options to fund the planned activities at Long Valley. KORE's team has worked closely with the USFS to avoid cultural impacts and mitigate other potential Program impacts. The Program utilizes modern technology and existing road infrastructure to minimize disturbances. KORE will complete pre-disturbance cultural surveys, remove 100% of all drill cuttings, have zero water or waste discharge and intensively remediate all sites post-work. There will be no long-term impact from the Program and no permanent installations will be left behind. The USFS thus granted KORE a categorical exclusion from the National Environmental Protection Act for the Program's plan of operations. The Company has identified opportunities to expand the shallow oxide mineralization in all directions, further growth by making new discoveries along separate parallel structures and further yet on additional yet unrecognized mineralized structures on the district-scale claims. Additional mineralization could extend mine life, reduce capital intensity and generate higher project economic returns than the 1.2 million ounces of Indicated gold and 0.5 million ounces of Inferred gold from 64 million tonnes of 0.58 grams per tonne and 22 million tonnes of 0.65 grams per tonne, respectively, modelled in the preliminary economic assessment (‘PEA’) announced October 27, 2020. Additionally, as a fully intact epithermal deposit with a large at surface footprint, Long Valley has the potential for high-grade sulphides and discrete vein zones in the underlying feeder structures. The discovery of high-grade, sulphide dominant gold (‘Au’)-silver (‘Ag’) mineralization in addition to near-surface oxide Au-Ag mineralization would open up additional development pathways for the Project, such as underground mining and milling of mineralization. Announcement • Feb 01
KORE Mining Ltd., Annual General Meeting, Mar 15, 2023 KORE Mining Ltd., Annual General Meeting, Mar 15, 2023. Recent Insider Transactions Derivative • Nov 28
Founder exercised options to buy CA$111k worth of stock. On the 23rd of November, James Hynes exercised options to buy 6m shares at a strike price of around CA$0.01, costing a total of CA$55k. This transaction amounted to 127% of their direct individual holding at the time of the trade. Since December 2021, James' direct individual holding has increased from 4.09m shares to 4.37m. Company insiders have collectively sold CA$580k more than they bought, via options and on-market transactions in the last 12 months. Board Change • Aug 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Director Scott Trebilcock was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 01
Kore Mining Continues Exploration Success on the Western Portion of the Imperial Gold Project Regional Exploration KORE Mining Ltd. announced completion of a highly productive 2021-2022 winter exploration field season and provides a summary of the western drill targets of the Imperial Gold Project ("Imperial"). This release summarizes the geologic context for the five western targets: Ogilby, Powerline Discovery Outcrop, Ironwood, Smoketree, and East Mesquite, which are in the western exploration target area between the Imperial deposit and the Mesquite gold mine (operated by Equinox Gold). The western target areas include five targets covering over 2,400 acres across 8.3 kilometers of strike length. There are a total of nine drill target areas identified in the overall Mesquite-Imperial-Picacho District ("District") that captures a 28 kilometers ("km") trend. Refer to KORE's April 26, 2022 news release for exploration targets identified on the eastern portion of the District. Over 100 additional rock chip and stream sediment assays are pending from the winter exploration program and any significant results will be released. KORE is committed to operating within the stringent environmental and labour standards of California. Exploration drilling is designed to avoid any sensitive areas and all land disturbances will be rehabilitated. Ogilby Target Area: Ground resistivity and induced polarization ("IP") surveys provide strong evidence that the primary mineralizing structure at the Imperial deposit is continuous across the 3 km of strike length to the Ogilby target area. This data indicates two anomalous trends which completed reconnaissance scale mapping and sampling in February 2022. Assay results have confirmed the presence of gold near the surface trace of these anomalies, including highlights of 1.4 g/t gold ("Au") and 0.8 g/t Au stream sediment samples. To date, a total of 19 strongly anomalous samples have been collected along the 2 km strike length of this WNW-ESE structural corridor. The Ogilby target area is covered by a thin veneer of young volcanic flows, which are steeply incised by seasonal stream channels ("arroyos") that expose the underlying Bear Canyon conglomerate. This unit is a significant alluvial sandstone conglomerate that covers the majority of the property. Proximal to known gold occurrences, the Bear Canyon often displays iron oxide alteration and quartz + calcite veining. Over nine acres of this type of altered bear canyon has been documented in the Ogilby target area, which yielded strongly anomalous assays and suggests that the mineralizing system is strong and near surface. Powerline Target Area: The Powerline target area contains the larger and higher-grade surface expression of gold mineralization west of the Imperial Deposit. The Powerline area spans over 1,300 acres and contains the highest-grade assay on the property at 9.98 g/t Au. Powerline also contains all known gneiss exposures west of the Imperial deposit. The mineralized trend of Powerline remains open and untested along strike for 3 km to the east, towards the Ogilby target area. Ground IP and resistivity survey data indicate two distinct anomalous structural trends that persist across the strike length of the Powerline target area (Figure 2). Along these trends, ground observations have confirmed the presence of these structural corridors which have assayed strongly anomalous for gold. Powerline currently contains three named prospect areas: the Powerline Discovery Outcrop, the Ironwood Prospect, and the Smoketree Prospect. The Powerline Discovery outcrop consists of two distinct, strongly brecciated and altered gneiss exposures that are interpreted as stacked thrust sheets. These regional scale faults bring crystalline basement host rock closer to surface. In 2021, KORE commissioned a multispectral satellite alteration survey, which highlighted the Powerline discovery area as being strongly anomalous for chlorite alteration. Other types of alteration observed at the outcrop include sericite, local silicification and quartz veining, and strong iron oxide staining. This is consistent with the alteration assemblage of the Imperial deposit, which was used to "tune" or fingerprint the signature associated with gold mineralization. Similar to the Powerline Discovery Outcrop, the Ironwood Prospect contains two structurally dismembered gneiss outcrops which are strongly folded, brecciated, and altered. Ironwood was first identified as an area of interest by the multispectral satellite data. The Ironwood outcrop is the larger gneiss exposure west of the Imperial deposit and forms a cliff approximately 25 feet tall. Ironwood is interpreted to have been formed via the same thrust fault architecture which causes the exposure of the Powerline discovery outcrops 2.5 km to the northwest. The Smoketree Prospect is a low grade subcrop of gneiss with an associated anomalous gold trend detected downstream. Smoketree is overlain by a thin veneer of Bear Canyon conglomerate that appears to be moderately altered and veined. The poor exposure of Smoketree makes it a priority target for the fully permitted person-portable drilling system, which produces BQ sized core at depths up to 30 feet. East Mesquite Target Area: The East Mesquite segment boundary is located only 2 km to the southeast from the operating Mesquite Mine's Vista pit. Geophysical survey data indicates a strong anomaly that is directly on strike with the mineralized trend of the Vista pit. A small gneiss exposure referred to as the "Predator Hill outcrop" has been observed along this trend and provides strong evidence of structural continuity. Adjacent to the segment boundary in the southeast is a turtleback feature similar in character to the Powerline target area, which contains the highest-grade gold assays on site. Follow up reconnaissance sampling is ongoing in this area. Announcement • May 18
Kore Mining Increases Scale of Western Mesquite-Imperial-Picacho Target Areas with New Assays KORE Mining Ltd. announced that a 9.98 grams per tonne gold stream sediment sample has been collected at the Powerline target area at the Imperial Gold Project. Follow up work has established a 45-acre gold anomaly with 600 meters of strike at Powerline situated between two outcrops of mineralized gneiss, the same host rock type of the Imperial deposit. The total strike potential of the Powerline trend is over 5 kilometers. KORE is also pleased to highlight a 0.77 g/t gold stream sediment sample collected from the Ogilby target area, establishing a priority drill target where drill permitting is currently in progress. The Powerline target area now consists of four known outcrops/subcrops of mineralized gneiss and has a spatial footprint of over 1300 acres (3.7 km by 2.5 km). The 9.98 g/t Au sample was collected in between two known altered gneiss outcrops referred to as the Powerline discovery and Ironwood Outcrops. In between these outcrops, the overlying Tertiary Bear Canyon conglomerate has strong localized alteration in a style similar to the alteration observed at the Imperial deposit. Follow up sampling and mapping efforts have established a 600m trend of strongly anomalous gold mineralization, with fine gold flakes and nuggets present in shallow stream beds. The location of the high-grade trend, as well as the prevalence of coarse gold, indicates that the mineralizing system is strong and the host rock is near surface along trend. The Powerline discovery outcrop is interpreted as two WNW-ESE trending thrust sheets which bring crystalline basement host rocks to the surface, analogousto the geologic setting of the Imperial deposit. Topographically, Powerline has a distinct signature referred to as a "turtleback" feature. All Powerline area prospects were discovered within this topographic anomaly. The prospect areas are namely the Powerline discovery outcrop, Ironwood outcrop, and Smoketree subcrop. Each prospect consists of strongly brecciated and altered gneiss along two distinct east to west trends of mineralization.A property-wide multispectral WorldView-3 alteration mapping survey conducted in 2021 greatly accelerated the rate of new discoveries in the Powerline target area. This imagery highlighted areas of chlorite alteration, which directed mapping and reconnaissance efforts to the site of the 9.98 g/t Au sample. The intact Imperial deposit was used to establish the alteration fingerprint of the mineralizing system, which has since been identified in over 11 other areas within the project boundaries. Additional evidence of mineralization is provided by four IP survey lines, which intersect the Powerline target area and indicate the presence of a large anomaly within the subsurface. Similar to the multispectral satellite data, the intact Imperial deposit was used to calibrate the 2021 IP dataset, significantly increasing the confidence level of these interpretations. Following the 9.98 g/t Au sample result, additional mapping and sampling is scheduled for Second Quarter - Third Quarter 2022. Furthermore, a fully permitted person-portable drilling program will be executed within the Powerline target area. This drilling system produces BQ sized core samples up to 30 ft depth and will be critical in interpreting the subsurface geology in areas covered by the Bear Canyon conglomerate. Ground IP data strongly suggests that the mineralizing system present at the Imperial deposit is continuous across the 3km strike length between Imperial and Ogilby. The Ogilby target is covered by the Bear Canyon conglomerate, a young alluvial cover unit that is locally hydrothermally altered. Alteration and associated low grade gold mineralization in the Bear Canyon conglomerate provides a vectoring strategy in areas with no crystalline basement outcrop exposure. To date, over 9 acres (330 m of potential strike) of this type of alteration has been observed in the Bear Canyon conglomerate in the Ogilby segment boundary. The 0.77g/t Au sample was collected in a dry stream bed topographically isolated from any known occurrences of gold mineralization and firmly establishes a new drill target in an area currently undergoing the drill permitting process. Other assay highlights in the Ogilby area include a 1.4g/t Au stream sediment sample.KORE owns 100% of the Mesquite-Imperial-Picacho District which consists approximately 31,000 acres of claims capturing the entire 28-kilometer trend from the operating Mesquite mine to the closed Picacho mine and including KORE's Imperial project. In the District, gold is hosted in local fault structures related to a series of regional faults connecting the known District deposits. Those three District deposits (Mesquite, Imperial and Picacho) were discovered in exposed outcrops and from placer workings. The rest of the District is covered by alluvium and has never been systematically explored. The Mesquite-Imperial-Picacho District centers on KORE's Imperial project. Imperial is a structurally controlled orogenic gold deposit. The 100% oxide gold deposit is currently defined at 2.44 kilometer long and up to 0.75 kilometer wide and is open both along strike and down dip. It is hosted in a shallowly southwest dipping, amphibolite grade metamorphic rock suite along a west- northwest trending low-angle regional thrust fault system which controls the regional geometry of mineralization. East-west striking, post-mineralization normal faults control the property scale geometry of mineralization. Geophysical characterization of the deposit and regional controlling structures is an essential component of exploration for additional resources. Announcement • May 13
Press Release: Kore Mining Advancing Exploration Drill Permitting in the Mesquite-Imperial-Picacho District KORE Mining Ltd. announced the Mesquite East and Ogilby drill permitting process is advancing at the Company's 100% owned Imperial Oxide Gold Deposit ("Imperial" or "Project"), located in California, USA. Mesquite East and Ogilby are two of the ten highly prospective drill targets identified in the Mesquite-Imperial-Picacho District ("District") that captures 28 kilometers ("km") of prospective ground from Equinox Gold's (TSX: EQX) operating Mesquite gold mine ("Mesquite") to the historic Picacho gold mine ("Picacho"). Highlights: Mesquite East drilling targets geophysical anomalies east of the Mesquite mine Ogilby drilling targets soil and geophysical anomaly targets west of the main Imperial deposit Final environmental analysis and archeology surveys are underway and expected to be completed in coming weeks Drill locations will be adjusted to avoid any sensitive areas identified in the resource surveys Next steps: move into public consultation and complete the Environmental Assessment ("EA") under the National Environmental Protection Act ("NEPA") KORE plans to initiate the drill program as soon as all permits are received KORE 's most recent map of prospects including Mesquite East and Ogilby was published on April 26, 2022. Announcement • May 06
Kore Mining Completes Second Phase of Engineering and Market Assessment of Imperial Salton Sea Materials KORE Mining Ltd. announced the results from a second phase of engineering and market assessment work for excess material from the Company's 100% owned Imperial Oxide Gold Deposit, located in California, USA. The excess materials are being studied to supply to remediation projects of the Salton Sea as part of KORE's "A Clean Environment for the Salton Sea" or "ACES" initiative. The work demonstrates that Imperial's excess materials could potentially have an economic, social and environmental competitive advantage for supplying remediation projects in the southern Salton Sea. ACES proposes to supply materials to remediate the Salton Sea, a major local health problem: Saving lives of local stakeholders through reduced respiratory illness from dust pollution; Preserving wetlands to benefit migratory birds suffering from increased Salton Sea salinity; Restoring local community waterfronts to enhance quality of life; and Rehabilitating playas to restore hundreds of thousands of acres of desert habitat. Price Target Changed • Apr 27
Price target decreased to CA$1.00 Down from CA$1.35, the current price target is provided by 1 analyst. New target price is 264% above last closing price of CA$0.28. Stock is down 76% over the past year. The company posted a net loss per share of CA$0.094 last year. Announcement • Apr 27
Kore Mining Discovers Another New Prospect and Now Has Eight Km of Potential Strike in Four Targets East of the Imperial Gold Project KORE Mining Ltd. announced the continued expansion of the Imperial Gold Project ("Imperial") through the recent discovery of a fourth outcropping prospect named "Galaxy". In total, the Company now has ten highly prospective drill targets identified in the overall Mesquite-Imperial-Picacho District ("District") that captures 28 kilometers ("km") of prospective ground from Equinox Gold's operating Mesquite gold mine ("Mesquite") to the historic Picacho gold mine ("Picacho"). Galaxy Target Area. The newly identified Galaxy prospect is KORE's newest find was discovered March 2022 during reconnaissance mapping efforts. Galaxy consists of five structurally dismembered gneiss outcrops totalling 108 acres. This target is characterized by alteration styles analogous to the Imperial deposit thus is highly prospective for gold (Figure 2). Historic mining activity is prevalent at Galaxy, including shafts up to 100 feet deep, declines, and trenches that target mineralized south-dipping thrust faults. This structural setting is consistent with highest grade portion of the Imperial deposit. 30 rock samples have been collected to date with assay results expected June 2022. Galaxy is intersected by the Gatuna-Sortan fault, which yielded outcrop assays as high as 0.6 g/t in the Acacia target area. This fault juxtaposes the relatively impermeable Winterhaven formation above the Jurassic gneiss, which likely acted as a lithocap to ascending gold-bearing hydrothermal fluids. Observed alteration styles include fracture hosted to pervasive iron oxides, silica, sericite, chlorite, kaolinite, and quartz+carbonate veining. Sampling is ongoing and is expected to be completed May 2022. Wolverines Target Area: Since its initial discovery in October 2021, roughly 80 acres of outcropping gneiss have been added to the Wolverines prospect, nearly doubling its size. These outcrops consist of strongly altered and brecciated gneiss and frequently display quartz+carbonate veining. To date, Wolverines totals 1.7 km of prospective strike length. Assay results from 14 rock samples are expected June 2022. Sandwich Target Area: The Sandwich zone prospect displays numerous large slot canyons and cliffy exposures of mineralized gneiss outcrop (Figure 4). This target area has a strike length of 1.4 km and mineralization is structurally controlled by regionally extensive WNW trending thrust faults. The intensity of the alteration correlates with the degree of brecciation of the host rock, with more rheologically brittle rocks serving as better hosts. Mineralized veins are observed in the stratigraphically overlying Winterhaven Formation. This prospect area is dismembered by a large-offset strike slip fault, which transported a sliver of mineralized basement 1.5km to the south creating the "Acacia" target area. Acacia Target Area: The Acacia target area is characterized by the prevalence of gold flakes and nuggets. Sampling in this prospect has yielded assays as high as 3.7 g/t, which are among the highest on the property. Mapping efforts have delineated a 1.8km intensely brecciated and altered gneiss outcrop. Announcement • Mar 10
Kore Mining Ltd. Discovers Three New Drill Targets At the Imperial Gold Project KORE Mining Ltd. announce the completion of data analysis for the 100+ person-day regional mapping campaign at the Imperial Gold project. This brings a total of nine highly prospective drill targets identified in the Mesquite-Imperial-Picacho District; a District that captures 28 kilometers ("km") of strike from Equinox Gold's operating Mesquite gold mine to the historic Picacho gold mine. Various additional stream sediment and rock chip assays and analyses are pending. The mapping program focused on establishing vectoring strategies through the Bear Canyon conglomerate, a late alluvial unit which covers most of the property. New Discovery Highlights: Discovers three new target areas: Smoketree, Ironwood, and Wolverines; Expanded Acacia target to over 1.5 km of mineralized strike with new outcrop areas; Highlights from surface sampling include 1.0 g/t and 0.6 g/t gold; Expanded the existing Powerline target to over 2 km mineralized length; Collected 123 soil and rock samples while mapping previously undiscovered mineralized outcrop between the Imperial deposit and the Mesquite mine – assays pending; and Commissioned follow-up man-portable drill program for Second Quarter 2022. Mapping Program Highlights: Established new vectoring strategy for detecting gold mineralization in areas with little or no surface outcrop exposure; Gold mineralization detected in numerous distinct Tertiary Bear Canyon conglomerates; Incorporated 130,000+ acres of lithologic mapping and data into regional geologic model; Integrated regional structural model encompassing an area over 2,300,000 acres; and Established regional hand sample library to standardize regional mapping and allow high confidence identification of rock units. Announcement • Feb 11
Kore Mining Ltd. Announces Year of Exploration for the Imperial Gold Project KORE Mining Ltd. announced a year of exploration for the Imperial Gold project ("Imperial"), generating a step-change in geologic understanding and proving up exploration techniques. The successful 2021 exploration program is now complete with various assays and analyses pending. Exploration in 2021 focused on the Mesquite-Imperial-Picacho District ("District"), which captures 28 kilometers ("km") of strike from Equinox Gold's operating Mesquite gold mine ("Mesquite") to the historic Picacho gold mine ("Picacho"). 2022 Plans and Objectives: Complete additional target definition drilling with person-portable drill, Focus additional mapping and sampling on Powerline, Mesquite East and Ogilby targets to: Prioritize drill order for pending drill permit application (permit expected in H2 2022), Develop drill locations to support additional drill permit application in mid-2022. Complete infill IP geophysics program to refine fault and structural geologic models. KORE has now defined five high priority target zones on the District: Mesquite East, Ogilby, Powerline, Sandwich and Acacia zones which all lie along the regionally extensive Copper Basin thrust fault. Future sampling, mapping, scout back-pack drilling, geophysics and other exploration techniques are expected to further define these target areas with 141 assays pending from the lab. Sampling and Mapping Program Details: Discovery of gold in the dry stream beds (also called "arroyos" or "washes") on the target areas are several kilometers from Mesquite, Picacho and/or Imperial and not downstream from any known deposits, indicating that gold is likely being generated from another source. KORE will identify the main sources by executing a detail sampling program directly on strike of the geophysical anomaly. Interpretation of KORE's recently completed satellite multi-spectral survey has identified additional alteration anomalies, many of which have yet to be mapped or tested. This is positive as it indicates the alluvial cover is shallow in those areas, making a new oxide gold discovery easier and more attractive. KORE also continues to find evidence of historic small scale mining activities in the District, including hand and bulldozer trenches and signs of historic placer mining activity. In 2021, KORE's exploration team collected 259 rock samples and 293 stream sediment samples. Samples collected averaged 4.0 kilogram in size and were taken at an average depth of 0.4 meters below surface. Of the 703 stream samples taken so far, 435 assayed over the gold detection limit of 5 parts per billion and 16 assayed over 100 parts per billion (0.1 g/t) with 24 samples still pending. In addition, of the 345 rock samples taken, 45 have assayed over 100 parts per billion (0.1 g/t) with 117 samples still pending. KORE owns 100% of the Mesquite-Imperial-Picacho District which consists approximately 31,000 acres of claims capturing the entire 28-kilometer trend from the operating Mesquite mine (Equinox Gold - TSX:EQX) to the closed Picacho mine and including KORE's Imperial project as depicted on Figure 3. In the District, gold is hosted in local fault structures related to a series of regional faults connecting the known District deposits. Those three District deposits (Mesquite, Imperial and Picacho) were discovered in exposed outcrops and from placer workings. The rest of the District is covered by alluvium and has never been systematically explored. The Mesquite-Imperial-Picacho District centers on KORE's Imperial project. Imperial is a structurally controlled intermediate sulfidation epithermal gold deposit. The 100% oxide gold deposit is currently defined at 2.44 kilometer long and up to 0.75 kilometer wide and is open both along strike and downdip. It is hosted in a shallowly southwest dipping, amphibolite grade metamorphic rock suite along a west-northwest trending low-angle regional thrust fault system which controls the regional geometry of mineralization. East-west striking, post-mineralization normal faults control the property scale geometry of mineralization. Geophysical characterization of the deposit and regional controlling structures is an essential component of exploration for additional resources. Announcement • Sep 08
KORE Mining Ltd. Discovers New Drill Target with Multiple Occurrences of Visible Gold At Imperial Regional Exploration Project KORE Mining Ltd. announced additional positive results from its on-going exploration of the Mesquite-Imperial-Picacho District on the Imperial Gold project, located 14 km southeast from Equinox Gold's operating Mesquite gold mine and 14 km from the historic Picacho gold mine. The ongoing exploration program is designed to further define the five named target areas and to discover new target areas on the 28-kilometer structural trend. Discovered new target area called Acacia Zone with visible gold in several dry stream beds Highlights include: Visible gold nuggets of up to 4 millimeters found at surface. 0.62 gram per tonne ("g/t") gold in rock sample collected. Samples align with the highly prospective, regionally extensive, Copper Basin fault. Total of five named drill targets areas now defined including: Mesquite East, Ogilby, Powerline, Sandwich and the new Acacia zones. Defined multiple other untested anomalies with regional satellite alteration survey. Other exploration sampling yielded 57 anomalous gold samples in stream sediment and rock chips (>0.1 g/t) including: 1.42 g/t stream sediment sample at Ogilby Target. 0.53 g/t stream sediment sample at Powerline Target. Further evidence that the 28-kilometer district from Mesquite-Imperial-Picacho District could host multiple gold discoveries similar in scale to Mesquite and Imperial.On-going exploration includes prospecting for new targets, detailed mapping and sampling to further define known targets and a pilot drilling program using person-portable drilling tool. Discovery of gold in the dry stream beds (also called "arroyos" or "washes") on the target areas are several kilometers from Mesquite, Picacho and/or Imperial and not downstream from any known deposits, indicating that gold is likely being generated from another source. KORE will identify the main sources by executing a detail sampling program directly on strike of the geophysical anomaly. Interpretation of KORE's recently completed satellite multi-spectral survey has identified additional alteration anomalies, many of which have yet to be mapped or tested. This is positive as it indicates the alluvial cover is shallow in those areas, making a new oxide gold discovery easier and more attractive. KORE also continues to find evidence of historic small scale mining activities in the District, including hand and bulldozer trenches and signs of historic placer mining activity. KORE's exploration team collected 166 stream bed and 138 rock chip samples since last reported results on April 13, 2021. Samples collected averaged 4.75 kilogram in size and were taken at an average depth of 0.4 meters below surface. Of the 638 stream samples taken so far, 410 assayed over the gold detection limit of 5 parts per billion and 11 assayed over 100 parts per billion (0.1 g/t) with 58 samples still pending. In addition, of the 355 rock samples taken, 38 have assayed over 100 parts per billion (0.1 g/t)with 83 samples still pending. The ongoing exploration program for H2 2021 incudes targeted soil sampling, detailed geological mapping and a shallow pilot drilling program using person-portable equipment. Full-scale drill permitting at Ogilby and Mesquite East in ongoing with permits expected in H2 2022. Announcement • Aug 21
KORE Mining Ltd. Provides Imperial Project Update KORE Mining Ltd. provided an update on the Company's Imperial Project, located in Imperial County, California. The Imperial team is continuing to work closely with the Bureau of Land Management to: permit regional exploration drilling in the 28-kilometer Mesquite-Imperial-Picacho District and permit drilling to advance the existing Imperial gold deposit toward feasibility and mine permitting. Delivering results from Regional Exploration Drilling target generation programs - details to follow as they become available in coming weeks. Approval from BLM for installation of a new air quality monitoring station anticipated shortly. BLM review of a large, combined drill program has experienced delays due to the complexity of overlapping and varying regulations in addition to the effects of COVID-19 on the BLM's internal review processes. BLM has changed its view on the mill site validity from the positive 2002 mineral validity examination and the Company is considering other nearby mill site locations. Evolving strategy to prioritize permitting of Regional Exploration Drilling while advancing Imperial Zone. Drilling permitting on a parallel path. Previous strategy had Regional Exploration Drilling and Imperial Zone Drilling under one umbrella permit application. Anticipate that KORE will submit an Environmental Assessment report for Regional Exploration Drilling in fourth quarter of 2021. Working with BLM to determine best path forward to permit Imperial Zone Drilling. Continuing to build local support and stakeholder engagement with a strong environmental focus 'details to follow as they become available in coming weeks. Recent Insider Transactions • Jun 24
Insider recently bought CA$2.1m worth of stock On the 18th of June, Eric Sprott bought around 2m shares on-market at roughly CA$0.95 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$2.1m more in shares than they have sold in the last 12 months. Announcement • Jun 12
Kore Mining Files Final Prospectus and Amended Technical Reports on the Imperial and Long Valley Gold Projects KORE Mining Ltd. announce that as part of its CAD 8 million bought deal financing through a syndicate of underwriters led by Canaccord Genuity Corp. and including PI inancial Corp. and Cormark Securities Inc. announced on May the company has filed the final short form prospectus with the securities commissions 11, 2021 in each of the provinces of Canada, other than Québec, and has filed its independent amended technical reports for both the Imperial gold project and the Long Valley gold project. The company now expects to close the Financing on June 18, 2021 or such other date as may be agreed to by the Company and the Underwriters. Announcement • Apr 27
KORE Mining Advances Exploration Drill Permitting At Imperial Gold Project KORE Mining Ltd. announced that it has entered into a memorandum of understanding with the Bureau of Land Management and engaged a third-party consultant to complete the environmental assessment for the company's proposed exploration drilling program at the Imperial Gold project. The proposed drill program consists of over 150 drill pads, including new discovery targets on the Mesquite-Imperial-Picacho district, Imperial project resource growth targets and drilling to support Imperial engineering. The company is working closely with the BLM to commence drilling in a safe and responsible manner and remains on track to commence drilling in the second half of 2021. The District has produced over five million ounces of gold between the Mesquite and Picacho mines which has contributed to the local economy for generations. KORE geologists have identified multiple high priority targets between the operating Mesquite mine, the Imperial deposit, and onward east to the closed Picacho mine where the company recently staked an additional 4,600 acres to capture the full District potential. Work continues across the District with more results pending including a satellite alteration survey, geophysics and additional field sampling. The company's proposed drill program could support drilling through 2022 and most drill pads are located immediately next to existing BLM roads to minimize disturbance and the locations are flexible to avoid impact to local resources. The company is working closely with the BLM to ensure that the Company meets or exceeds all regulatory requirements to protect the area resources and deliver a safe, low impact program. Announcement • Mar 10
KORE Mining Launches Exploration Programs to Follow up Successful Target Generation at Imperial KORE Mining Ltd. announced that, due to the success of its target generation work, the Company has launched multiple new field programs to systematically explore the Mesquite-Imperial-Picacho gold district ("District"), part of the Imperial Gold project ("Imperial"). The new programs will continue to refine drill targets between KORE's Imperial deposit and the operating Mesquite mine for testing in the second half of 2021 and extend the exploration model to the east of Imperial towards the past producing Picacho mine. Imperial Exploration Work Program: Recent interpretation successfully proved "fingerprinting" target strategy for making new discoveries in the District . Geophysical "fingerprint" of Imperial present below recently discovered soil anomalies. Creates multiple high priority drill targets. More targets expected as work continues along the District's 28-km trend Launched new exploration programs to expand claim coverage of successful strategy, including: Detailed soil sampling around initial gold anomalies between Mesquite and Imperial. IP geophysics program to infill Mesquite to Imperial and step-out east towards Picacho. Commissioned satellite survey looking for additional signs of surficial oxidation and other gold alteration types. Results from these programs expected through H1 2021 KORE is pursuing value enhancement to the work completed in the 2020 Imperial preliminary economic assessment ("PEA") through resource expansion and District-wide exploration of the 28 km gold trend centered on Imperial. The three main District deposits - Mesquite, Imperial and Picacho - were all discovered by outcrop, while the remainder of the District is under alluvial cover and is largely unexplored. Announcement • Feb 18
Kore Mining Announces Appointment of Vice President, Investor Relations KORE Mining Ltd. announced the appointment of Liz Monger as Vice President, Investor Relations, effective February 17 2021. Ms. Monger has 25 years of investor relations, communications and compliance experience and was most recently the Manager of Investor Relations and Corporate Secretary at Midas Gold Corp. from June 2011 to January 2021. Announcement • Feb 04
Kore Mining Ltd. Announces Drilling High Priority Targets At Long Valley and Imperial for New Discoveries and Resource Growth KORE Mining Ltd. announced plans for systematic 2021 exploration at both the Imperial Gold project and the Long Valley Gold project where successful 2020 target generation programs identified an array of resource growth and new discovery drill targets. Both Imperial and Long Valley, have district scale potential with over 26,000 and 16,000 hectares of claims respectively, are 100% owned, and have no royalties on a majority of claims. Imperial has a mineral resource estimate with a positive Preliminary Economic Assessment. Robust economics: CAD 642 million NPV 5% post-tax with 52% IRR at USD 1,600 per ounce gold. Low capital intensity project with only USD 143 million pre-production capital cost. 146,000 ounces gold per year over 8 years for 1.2 million ounces total production; and Technically simple project: shallow open pit, run-of-mine heap leach with existing infrastructure. KORE is pursuing value enhancement over the PEA through resource expansion and exploring the Mesquite-Imperial-Picacho District (the "District"), a 28 km gold trend centered on Imperial. The three main deposits - Mesquite, Imperial and Picacho - were all discovered by outcrop, while the remainder of the District is under alluvial cover and is largely unexplored. KORE is using IP geophysics to interpret controlling fault structures that host mineralization in the District's deposits and look under the alluvial cover. Soil sampling from dry riverbeds (arroyos) is being used to further prioritize drill targets on the fault structures. First past IP was completed in H1 2020, first over the Imperial deposit and then stepping out toward Mesquite. Having the intact Imperial deposit to "tune" or "fingerprint" the geophysical signatures, greatly enhances the confidence to target new discoveries under the alluvium along the trend. KORE followed up the IP geophysics in H2 2020 with mapping and first pass soil sampling for the entire 28 km Mesquite-Imperial-Picacho trend to further define discrete drill targets, which was completed as recently as this past weekend. Samples from the Imperial area are at the lab and samples from Imperial-Picacho are being prepared for the lab. Results are expected in several batches through first quarter of 2021. KORE plans to follow-up on the identified soil anomalies with further detailed soil sampling grids and infill geophysical surveys in H1 2021. KORE is currently permitting a 168 pad drill program via a Plan of Operations process with the Bureau of Land Management local office. Permits are expected in mid-2021. Drill testing of the highest priority targets is planned to start in second half of 2021, subject to permitting. Long Valley has a mineral resource estimate with a positive PEA. Robust economics: CAD 376 million NPV5 post-tax with 48% IRR at $1,600 per ounce gold. 102,000 ounces gold per year over 7 years for 0.7 million ounces total production; and Technically simple project: shallow open pit, heap leach with nearby infrastructure. Long Valley's shallow mineralization has an array step-out drill targets in all directions. The project can be further expanded with new discoveries on the recently staked claims, that have the potential to host parallel mineralized structures, similar to the one that hosts the current resources. Additional mineralization could extend mine life, reduce capital intensity, and generate higher project economic returns modelled in the positive PEA. Additionally, as a fully intact epithermal deposit with a large at surface footprint, Long Valley has the potential for high-grade sulphides in the underlying feeder structures. Discovering high-grade sulphides would open up additional development pathways for Long Valley, such as underground mining. KORE is currently permitting a drill program at Long Valley. The permit has been in process since mid-2020 and permits are expected in First Quarter 2021. KORE plans a low-cost drill program to test the highest priority oxide and sulphide targets in 2021. Drilling planned for mid-2021, subject to the US Forest Service permitting timelines and permit conditions. KORE is also planning an IP geophysics survey in H2 2021 to define new structures on the recently staked claims on which to target new discoveries. KORE is committed to operate within the stringent environmental and labour standards of California. KORE plans to concurrently reclaim drill pad locations and ensure measures are taken to mitigate any impacts to biological and cultural resources. KORE has designed the drill programs to maximize the existing public road/trail network in the area so as to limit any new disturbances, and the Company will be adjusting drill pad locations as needed to avoid any sensitive sites should any be encountered. KORE owns 100% of the Mesquite-Imperial-Picacho District which consists of 26,323 acres on 1,007 claims capturing the entire 28-kilometer trend from the operating Mesquite mine to the closed Picacho mine and including KORE's Imperial project. In the District, gold is hosted in local fault structures related to a series of regional faults connecting the known District deposits. Those three District deposits (Mesquite-Imperial-Picacho) were discovered in exposed outcrops and from placer workings. The rest of the District is covered by alluvium and has never been systematically explored using modern techniques. Imperial is a structurally controlled intermediate sulfidation epithermal gold deposit. The 100% oxide gold deposit is currently defined at 2.44 kilometer long and up to 0.75 kilometer wide and is open both along strike and downdip. It is hosted in a shallowly southwest dipping, amphibolite grade metamorphic rock suite along a west-northwest trending low-angle regional thrust fault system. The thrust fault system controls the regional geometry of mineralization. East-west striking, post-mineralization normal faults control the property scale geometry of mineralization. Geophysical characterization of the deposit and regional controlling structures is an essential component of exploration for additional resources. Announcement • Jan 26
The Board of KORE Mining Ltd. (TSXV:KORE) completed the spin-off of Karus Gold Corp. The Board of KORE Mining Ltd. (TSXV:KORE) announced the spin-off Canadian exploration assets on November 24, 2020. Under the terms of the transaction, US development assets and Canadian exploration assets will be split into separate publicly listed companies. KORE would retain the US gold development pipeline assets with the Imperial gold project and the Long Valley gold project. Following the spin-out, 100% of Karus Gold common shares (the "Karus Shares") will be distributed to KORE Mining Ltd., shareholders on a pro rata basis to their KORE Mining Ltd., holdings. Karus Gold will not initially be listed on a public stock exchange but will operate as a reporting issuer in British Columbia and Alberta. In early 2021, Karus Gold intends to conduct a rights offering to all Karus shareholders to initially capitalize the company, followed by a planned public stock exchange listing in the first half of 2021. The Canadian exploration assets will be transferred to a newly incorporated company called Karus Gold Corp. Distribution date is expected to be January 22, 2021, subject to change.
KORE Mining Ltd., will apply for an interim order from the Supreme Court of British Columbia on or about December 18, 2020, authorizing KORE Mining Ltd., to call a shareholder meeting to approve the Arrangement. KORE Mining Ltd., shareholders will vote on the Arrangement at a special meeting of shareholders (the "Meeting") which is expected to be held on or about January 20, 2021. The transaction is subject to receipt of required shareholder, court and other approvals and satisfaction of other closing conditions. The transaction is unanimously approved by the Board of Directors of KORE Mining Ltd. As of December 23, 2020, KORE Mining Ltd. has obtained an interim order from the Supreme Court of British Columbia. Eric Sprott, largest shareholder of KORE will support the spin off. As of January 20, 2021, shareholders of KORE Mining Ltd approved the transaction. The transaction is expected to close in first quarter of 2021. As of December 16, 2020, the transaction is expected to complete in late January 2021. As of January 20, 2021, transaction is expected to close on January 25, 2021.
The Board of KORE Mining Ltd. (TSXV:KORE) completed the spin-off of Karus Gold Corp. on January 25, 2021. Pursuant to the Arrangement, the owners of common shares of KORE will receive: (i) one-half of a common share of Karus Gold; and (ii) one new common share of KORE, for every common share of KORE held at the close of business on January 22, 2021. The KORE shares will continue trading until January 25, 202, and will then be delisted. Effective on January 26, 2021, the new KORE shares will begin trading under the new CUSIP number. There is no change in KORE Mining Ltd.'s trading symbol on the TSX Venture Exchange or on the OTCQX in the United States. There is no change to a shareholder's ownership of KORE as a result of the completion of the arrangement. Announcement • Jan 06
KORE Mining Provides Update on Spin Out of Karus Gold Creating BC Focused Gold Explorer KORE Mining Ltd. provide an update on the proposed transfer of all of its British Columbia gold exploration assets into a newly incorporated company called Karus Gold Corp. ("Karus" or "Karus Gold"). Upon completion of the Spin Out, KORE will continue as a leading gold company with a focus on growing and developing the Imperial and Long Valley gold projects in the US. Unlocks value of BC assets for KORE shareholders through creation of Karus Gold. Dominant 1,000 km2 land position in the emerging Cariboo Gold District with Osisko Development Corp. investing heavily to the north Flagship FG Gold project open for growth after 2020 Lower Zone discovery intercepts of 10.0 meters of 3.9 g/t gold at 237 meters downhole, 14.3 meters of 6.4 g/t gold at 386 meters downhole. Is New 90 Day High Low • Dec 22
New 90-day high: CA$1.78 The company is up 28% from its price of CA$1.39 on 22 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 5.0% over the same period. Announcement • Dec 10
KORE Mining Discovers Gold in Dry Stream Beds Between Imperial and Mesquite Increasing Confidence for New Gold Discoveries KORE Mining Ltd. announced positive sampling and mapping program results from the Mesquite-Imperial-Picacho District exploration on the Imperial Gold project which is nine miles southeast from Equinox Gold's Mesquite gold mine. Discovered gold in several dry stream beds between Mesquite and Imperial Highlight samples include 1.4 g/t and 0.5 g/t gold Enhances thesis that fault structures from Mesquite to Imperial have potential to host multiple gold discoveries similar in scale to Mesquite or Imperial Geophysical interpretation previously defined 19 kilometers of fault structures including: Mesquite East, Ogilby, Imperial East and Imperial West target areas Each multi-kilometer target area has potential to host a new gold deposit More outcrop sampled than anticipated, indicating shallow alluvial cover Currently permitting a 140+ pad drill program for district scale exploration program Complete program sampling on Imperial-Picacho area Conduct follow-up detailed soil sampling and geophysics to Prioritize drill targets in H1 2021 Drill test highest priority targets; permit for larger program now expected mid-2021. Discovery of gold in the dry stream beds on the Mesquite East and Ogilby targets areas, are several kilometers from Mesquite and Imperial and not downstream from either, indicates that gold is being generated from another source. KORE intends to explore for and discover those sources. In the course of collecting the samples and mapping the area, KORE encountered more outcrop than originally anticipated. This is positive as it means the alluvial cover is shallow in those areas, making a new oxide gold discovery easier and more attractive. KORE also found evidence of historic small scale mining activities including hand and bulldozer trenches, an exploration shaft and signs of historic placer mining activity. The mapping and sampling program continues on the east part of the District towards Picacho. KORE's exploration team collected 435 stream bed and rock chip samples over the last three months, prospecting the District. This news release includes results from 199 dry stream bed samples with assays pending on the remainder. Samples collected averaged 6 kilogram in size and were taken at an average depth of 0.4 meters below surface. Of the 199 samples, 95 assayed over the gold detection limit of 5 parts per billion and 49 assayed over 100 parts per billion. Samples locations and assays are depicted. The ongoing 2020 mapping and sampling program will be complete by January 2021. The program was designed to provide an indicative first pass to the District. KORE intends to follow-up on anomalies with further detailed soil sampling grids and detailed geological mapping, and infill geophysics in H1 2021 ahead of the planned 2021 exploration drilling program. KORE's development team based in Imperial, California has been active since delivering the positive Preliminary Economic Assessment for the Imperial deposit in April 2020, building the capacity and social license to advance Imperial towards production. COVID-19 has had a major impact on local stakeholders in Imperial County. The team has done an incredible job in the face of this challenge and has worked to support the local community and government agencies in a safe and responsible manner. Recent project activity: Opened an office in Imperial County in Third Quarter 2020 under the local banner "Imperial Gold" Hired local team of environment, permitting, government relations and community relations experts Actively engaging community and government stakeholders with over 100 in-person and Zoom meetings, actively building local social license for Imperial Donated COVID-19 test kits and food to local charities supporting those hit hardest by the pandemic Engaged environmental and archeological experts to conduct baseline work for project permitting Building relationships with local Bureau of Land Management office and Imperial County permitting agencies. KORE is currently permitting a large 140+ pad drill program via a Plan of Operations process with the BLM local office. KORE had previously planned to permit a smaller program in 2020 using a Notice of Intent process but was required by the BLM to move to the more robust and time intensive PO process including an associated Environmental Assessment. Given the robustness of the PO process, KORE decided to increase the scale of the proposed dill program adding time to the re-submission. The process has been further impacted by COVID-19 and permits are now expected in mid-2021. KORE is committed to operate within the stringent environmental and labour standards of California. KORE plans to concurrently reclaim drill pad locations and ensure measures are taken to mitigate any impacts to biological and cultural resources. KORE has designed the drill program to maximize the existing public road/trail network in the area so as to limit any new disturbances, and the Company will be adjusting drill pad locations as needed to avoid any sensitive sites should any be encountered during the EA investigations. Announcement • Nov 12
KORE Mining Ltd. Drills 31.3 Meters of 3.2 G/T Gold Including 14.3 Meters of 6.4 G/T Gold in Large 215 Meter Step-Out At FG Gold Project KORE Mining Ltd. announced that drill hole FG-20-377 intercepted 31.3 meters of 3.2 g/t gold, including 14.3 meters of 6.4 g/t gold, starting at 369 meters downhole in the Lower Zone of the FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. This news release reports assays from drill hole FG-20-377, part of the 15-hole, 5,746 meter summer drill program at FG Gold with assays from 14 additional holes pending. Highlights: Extends Lower Zone discovery 215 meters down-dip with: 31.3 meters of 3.2 g/t gold at 369 meters downhole including: 14.3 meters of 6.4 g/t gold at 386 meters downhole including 1.0 meters of 61.2 g/t gold at 387 meters downhole, 5.8 meters of 4.2 g/t gold at 394 meters downhole Opens underground potential for FG Gold with 3.6 kilometers of mineralized strike. Assays pending for 14 additional holes over 1,780 meters of lateral strike length. 10 of 14 holes intersect the newly discovered Lower Zone, 7 of 14 holes intersect quartz veins containing visible gold. Fifteen large diameter (HQ) oriented core drill holes for a total of 5,746 meters were completed from June to October 2020 as described in the news release disseminated October 22nd, 2020. The drill program was designed to step-out up to 200 meters downdip and continue nearly 2 kilometer along strike. The program is targeting the continuation of known gold-mineralized [orogenic] quartz veins further down-dip and along strike within prospective and un-tested regions of the targeted [phyllite] host rock. Structural analysis and re-interpretation of historical drilling carried out prior to initiation of 2020 drilling by KORE highlighted significant potential for expanding high grade gold zones below the extents of historic drilling. 2020 drilling was designed to test the hypothesis that high grade gold zones correlating to plunge lines within both limb and hinge zones, and are extendable both at depth and along strike. Gold-bearing quartz vein swarms appear to be correlated with high-deformation areas and hinge/limb areas of locally folded strata. The orientation [azimuth] of the drilling was intended to delineate potential continuous 'mineral-shoots' within the mineralized zones. A continuation of the shallowly drilled upper zone is intersected in hole FG-20-377 with 0.71g/t gold from 130.36 to 143.17 meters. This intersection is ~150 meters down-dip from the nearest intersection. The Lower Zone, discovered in hole FG-20-369, appears to be a corridor of quartz-vein hosted gold mineralization below and sub-parallel to the upper zone. While it does appear to extend to surface, at this stage, grade appears to increase with depth. Summer-Fall program drill holes FG-20-376 to FG-20-386 are drilled across four complete cross sections over a strike of ~650 meters designed to cross both upper and lower zones to allow for correlation both down-dip and along strike of both the upper and lower zones. Holes FG-20-387 to FG-20-390 test for lateral and down-dip mineralization in areas below sparse historic drilling. KORE drilling in 2020 tests over 1780 meters of strike length below the limits of historic drilling. To date, the results from the 2020 drilling program are very encouraging to KORE. Early results indicate that the Company is finding further, high grade mineralized zones well outside of historic drilling, providing greater confidence in the structural interpretation and geologic model of the FG gold deposit. Is New 90 Day High Low • Oct 20
New 90-day low: CA$1.25 The company is down 5.0% from its price of CA$1.32 on 22 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 1.0% over the same period. Announcement • Jun 30
KORE Mining Ltd. announced that it expects to receive CAD 7.5 million in funding from 2176423 Ontario Ltd. Kore Mining Ltd. (TSXV:KORE) announced a non-brokered private placement of 6,000,000 subscription receipts at a price of CAD 1 per non-flow through unit and 1,000,000 subscription receipts for flow through units at CAD 1.50 per flow through unit for gross proceeds of CAD 7,500,000 on June 29, 2020. Proceeds from the transaction will be placed in escrow on the closing, to be released to the company on the receipt of all necessary shareholder and regulatory approvals. On conversion, each subscription receipt will automatically convert into one non- flow through unit and flow through unit, for no additional consideration. In the event that the approvals are not obtained by October 31, 2020, each subscription receipt will be cancelled, and the subscription funds will be returned. Each non-flow through unit will be comprised of one common share of the company and one-half of one common share purchase warrant each flow through unit will be comprised of one flow through common share of the company and one-half of one warrant. Each warrant shall be exercisable to acquire one common share at a price of CAD 1.50 per warrant share for a period of 24 months from the closing of the private placement. The transaction will include participation from 2176423 Ontario Ltd, which fully subscribed the non- flow through units. Pursuant to the transaction, 2176423 Ontario Ltd. will hold 22.53% in the company on a non-diluted basis. All securities issued pursuant to the transaction will be subject to a hold period of four months from the closing date. The transaction is subject to TSX Venture Exchange and Regulatory approvals. 
