Gold-Ore Resources Ltd.

Published : June 17th, 2008

Announces Central Tunnel Drill Results - Bjorkdal, Sweden Evaluating Bulk Mining Methods

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Keywords :   Gold | Gold Mine | Gold Production | Recovery | Sweden |

Re:        News Release - Tuesday, June 17, 2008
Title:     Gold-Ore Announces Central Tunnel Drill Results - Bjorkdal, Sweden Evaluating Bulk Mining Methods

Gold-Ore Resources Ltd. (the "Company") is pleased to provide infill drill results from recent underground drilling in the Central Tunnel at the Bjorkdal Gold Mine in Sweden. During 2007 and 2008 a total of 4,760 metres in 54 holes was drilled from the Central Tunnel. A 43-101 compliant resource calculation released on March 12, 2008 only incorporated a minor amount of the mineralization at the Central Tunnel due to the lack of infill drilling. The next resource calculation will better reflect the potential of the area.

Drilling commenced in 2008 with one rig on April 14 and 32 holes totalling 2,000 metres have been completed to-date. Of these, the first 15 were drilled from the Central Tunnel and the results are shown in the tables below. The drill has since moved to the Eastern Tunnel.

The results in Table 1 reflect a narrow vein mining plan with an average minimum stope width of 3 metres. Table 2 presents the results accommodating wider stopes or a possible underground bulk method of mining. A mining plan for this area is currently being designed.

Table 1. Central Tunnel Drill Results -- minimum 3 metre stope width

Hole
Number

Section

Azimuth

Dip

From
(m)

To
(m)

Interval
(m)

True
Width (m)

Au Grade
(g/t)

2008-001

225W

150

12

1.0
33.2
48.0

5.0
35.7
50.0

4.0
2.5
2.0

3.9
2.4
2.0

11.92
17.32
13.05

2008-003

225W

330

-18

2.2
17.2
26.4

7.2
22.3
30.5

5.0
5.1
4.1

4.8
4.9
3.9

6.87
5.98
7.97

2008-004

225W

330

-50

3.0
12.9

7.0
15.9

4.0
3.0

2.6
1.9

10.37
3.16

2008-006

195W

150

0

49.0

51.1

2.1

2.1

15.67

2008-007

195W

330

-18

8.9
23.0
33.7

19.0
25.0
36.0

10.1
2.0
2.3

9.6
1.9
2.2

7.83
10.75
4.52

2008-008

165W

330

-45

13.5

16.5

3.0

2.1

2.95

2008-010

165W

150

15

24.0
35.7
45.0
59.2

26.7
37.8
49.1
64.0

2.7
2.1
4.1
4.8

2.6
2.0
4.0
4.6

3.47
11.05
6.96
2.41

2008-012

135W

330

-15

58.9

62.6

3.7

3.6

4.49

2008-014

135W

150

12

63.9
82.2

66.5
85.0

2.6
2.8

2.5
2.7

2.54
5.95

Table 2. Central Tunnel Drill Results -- bulk mining averages

Hole
Number

Section

Azimuth

Dip

From
(m)

To
(m)

Interval
(m)

True
Width (m)

Au Grade
(g/t)

2008-001

225W

150

12

25.5

35.7

10.2

10.0

4.70

2008-002

225W

150

-45

13.5

23.5

10.0

7.1

0.99

2008-003

225W

330

-18

17.2

30.5

13.3

12.6

4.80

2008-004

225W

330

-50

3.0

14.9

11.9

7.6

4.29

2008-006

195W

150

0

44.0

51.1

7.1

7.1

4.89

2008-007

195W

330

-18

8.9

36.0

27.1

25.8

4.20

2008-010

165W

150

15

35.7

49.1

13.4

12.9

3.88

2008-012

135W

330

-15

58.9

73.0

14.1

13.6

2.10


Sample Protocol and Chain of Custody

In order to minimize the effects of the coarse, nugget gold at Bjorkdal, the Company has elected to submit 100% of the core for analysis, thus not retaining half core for archive. This provides a much larger sample for gold analysis and theoretically a more representative result. Historically, the Company has used this practice on 22% of previous drilling and there are over 20,000 metres of core archived on the property. The core is logged and photographed, and then the entire core is shipped to ALS Chemex for gold analysis. A rigorous QA/QC program is employed that involves the insertion of blanks, certified standards and field and lab duplicates.

Bjorkdal Gold Production

The Bjorkdal gold concentrating plant continues to operate at the full capacity of 3,400 tonnes/day or 100,000 tonnes/month. Gold production for May reached an annualized level of 29,200 ounces, which represents a 52% increase over 2007 production.

A scheduled maintenance shutdown in June will reduce the monthly throughput by 5,000 to 10,000 tonnes. July production from underground only will be reduced due to scheduled vacation by the contract mining crew. Gold production during July will be from open pit material and surface stockpiles.

Gold-Ore Resources is a mineral exploration development company with operations currently focussed in the country of Sweden. In addition to the Bjorkdal gold mine, the Company also has two other exploration concessions in the country, the Ronnberget Property (adjacent to Bjorkdal) and the Vallberget Property, and the recently acquired development project, the Norrliden deposit.

For more information please contact Glen Dickson, Ron Ewing or Bob Wasylyshyn at (604) 687-8884. Bjorkdal property information is posted on the Company's web site at www.goldoreresources.com. Robert S. Wasylyshyn; P. Geo. is the Company's Qualified Person for the Bjorkdal Project.



Robert S. Wasylyshyn, P. Geo
President




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, 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.



Copyright � 2008 GOLD ORE RESOURCES LTD. (GOZ) All rights reserved. For more information visit our website at http://www.goldoreresources.com/ or send email to info@goldore.ca  ..

Data and Statistics for these countries : Sweden | All
Gold and Silver Prices for these countries : Sweden | All

Gold-Ore Resources Ltd.

PRODUCER
CODE : GOZ.TO
ISIN : CA3809811001
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Gold-Ore Res. is a gold producing company based in Canada.

Gold-Ore Res. develops gold, copper, lead, silver and zinc in Sweden, and holds various exploration projects in Sweden.

Its main asset in production is BJÖRKDAL in Sweden, its main asset in development is NORRLIDEN in Sweden and its main exploration properties are VALLBERGET and RONNBERGET in Sweden.

Gold-Ore Res. is listed in Canada. Its market capitalisation is CA$ 69.2 millions as of today (US$ 67.3 millions, € 51.1 millions).

Its stock quote reached its lowest recent point on November 23, 2001 at CA$ 0.04, and its highest recent level on December 31, 2010 at CA$ 1.14.

Gold-Ore Res. has 85 467 000 shares outstanding.

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