Gold Rock Feasibility Study Drilling Program Begins

VANCOUVER, BC – Fiore Gold Ltd. reported the start of a program of resource expansion, metallurgical, geotechnical and condemnation drilling in support of a Feasibility Study (FS) targeted for completion in the second half of 2021. The drilling program will consist of a mix of HQ and PQ diamond core holes, as well as reverse circulation (RC) and sonic holes. Total footage for this phase of the drilling program will be approximately 198,000 ft (60,000 m), with approximately 115,000 ft (35,000 m) focused on resource expansion to add Measured and Indicated resources for inclusion in the FS.

The federally permitted Gold Rock gold project  is located approximately 8 miles southeast of the Pan Mine in White Pine County, Nevada. The recently released Gold Rock Preliminary Economic Assessment (“PEA”) provides an updated mineral resource estimate and a base case assessment of developing the Project as a satellite open pit operation that will share significant infrastructure and management with the adjacent Pan Mine. The PEA also identifies a considerable number of opportunities to enhance the project economics as Gold Rock advances to the Feasibility stage by drilling to increase the mineral resource, further metallurgical testing aimed at optimizing recoveries, and geotechnical drilling aimed at reducing the stripping ratio. The PEA was prepared in accordance with Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects.