KORE MINING, LONG VALLEY PROJECT
LONG VALLEY
MONO COUNTY, CALIFORNIA, USA
KORE’s 100% owned Long Valley Project is a large epithermal gold deposit with extensive drilling of the shallow oxides. The recent preliminary economic assessment demonstrates Long Valley has the potential to be a simple, high recovery heap leach gold mine with strong project economics. KORE is exploring the project to further expand the oxide resource and test potential for high-grade sulphide targets at depth.
The Long Valley Gold Project Preliminary Assessment Technical Report (effective September 21, 2020, as revised and amended June 7, 2021) is available by clicking**here**.
Long Valley gold development project covers 95 contiguous claims and an area of approximately 1,800 acres. The project was acquired from Vista Gold Corp. and was explored by Royal Gold in the 1980's and 1990's.
PRIMARY MINERALIZATION PRESENT AT LONG VALLEY:
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](https://maps.google.com/maps?ll=37.299785,-120.620028&z=6&t=p&hl=en&gl=US&mapclient=apiv3 "Open this area in Google Maps (opens a new window)")
Map data ©2021 Google, INEGI
100 km
Long Valley has potential for expansion of the resource both laterally in oxides and at depth in sulphides. The deposit has excellent oxide metallurgy (with historic testing averaging 79%). We anticipate the potential for low cost mining due to the low strip ratio and shallow nature of the oxide deposit.
TECHNICAL INFORMATION
Property Description & Location
History
The project was explored by Freeport, Standard Industrial Metals, Battle Mountain Gold, and Royal Gold in the 1980s and 1990s.
Early 1980’s: Standard Industrial Minerals Inc. discovered anomalous gold near a kaolinite clay mining operation NW of the current property.
1983-1984: Standard optioned the property to Freeport-McMoRan. Freeport drilled 8 shallow RC holes on the South Zone.
1985: Freeport dropped out of the option. Standard continued to drill and completed another 24 rotary holes on the South Zone.
1988: Royal Gold acquired the property under a lease/purchase option. Royal Gold drilled 52 air track holes on the South Zone. Metallurgical and engineering studies were also completed.
1990-93: Royal Gold and Battle Mountain formed a joint venture with Battle Mountain operating. Geological mapping, outcrop sampling and geophysical surveys completed. 59 RC holes were drilled. The South Zone was expanded and the Hilton and Southeast Zones were discovered. Battle Mountain dropped out of the JV in 1993.
1994-1997: Royal Gold completed 615 RC and 10 core holes on the Hilton Creek and Southeast Zones. A metallurgical study and engineering studies are also completed.
1997: Amax completed 46 RC and 10 core holes as part of a due diligence toward a possible JV. Most of the holes twinned earlier holes. Extensive re-assaying and check assaying was performed. Amax elected not to proceed with the JV due to a drop in gold price and a pending merger.
2000: Royal Gold returned the property to Standard in order to become a pure royalty company.
2003-2008: Vista Gold acquired an option to purchase the project and exercises its option for 100% of the property in 2007.
2008: Vista Gold completes a Preliminary Economic Assessment for a heap leach gold mine**
2017: KORE Mining Ltd. acquires 100% of the Long Valley project from Vista Gold. Kore completes a ground-based magnetotelluric (MT) survey to better understand the characteristics of the epithermal mineralization.
2019: KORE conducts soil sampling, field mapping, relogging of previous drilling and generation of a GIS database of information for the project. In late 2019 KORE completed an IP and airborne mag survey to further define sulphide drill targets and oxide extension drill targets.
Note: Historic studies should not be relied upon by investors. Such studies were done prior to the implementation of the current NI 43-101 guidelines and information contained in any historical study is not being treated as current information