Project Economics Remain Strong Across All Project Scenarios
VANCOUVER, BC, April 19, 2022 /CNW/ - KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce positive results from additional engineering and economic assessment work for the Company's 100% owned Imperial Oxide Gold Deposit ("Imperial" or "Project"), located in California, USA. The work assessed various scenarios in response to the position by the Bureau of Land Management ("BLM") of the possible need to move project infrastructure as announced August 20, 2021. Economic modelling results for all scenarios were within the sensitivities of the April 6, 2020 positive Preliminary Economic Assessment ("PEA"). The work demonstrates that, regardless of the ultimate location of Imperial's processing infrastructure, Imperial has the potential to be a mid-tier gold mine with compelling project economics.
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