Gold-Ore Resources Ltd.

Published : June 29th, 2010

Continues to Extend Mine Life

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Keywords :   Canada | Debt | Diamond | Gold | Gold Mine | Recovery | Sweden |

Re:        News Releases - Tuesday, June 29, 2010
Title:     Gold-Ore Continues to Extend Mine Life at Bjorkdal Gold Mine

News Release 10-12

Vancouver, BC, Canada - Gold-Ore Resources Ltd. (GOZ:TSX) is pleased to report results from the underground development drilling at the 100%-owned Bjorkdal Gold Mine in Sweden. This latest drilling has been concentrated within two blocks that are not currently within the reserve/resource model. In the last five months, the Company has completed 20 Diamond drill holes totalling 3,300 metres. The significant intersections are tabled below.

Bob Wasylyshyn, President stated "Drilling over the last seven months within Expansion Blocks 1 and 2 has intersected numerous gold mineralized veins of mineable grades and widths. Based on our extensive mining and drilling experience and our understanding of the orebody, management is confident that, at today's gold price, these results have extended the underground mine life by between one and two years. This will be confirmed by an updated reserve/resource estimate later this year. The orebody remains open to expansion and during the next five months we will drive two new explorations tunnels to further test the limits of known mineralization."

Surface Diamond Drilling
The Company will commence a surface drilling campaign in late July. The objective of this program is to develop new open pit and underground minable reserves/resources near current operations. This drilling will start at the SEE open pit and move towards the Nylunds Zone where over 100 historic holes have intersected gold mineralized quartz veins similar to those currently being mined.

Significant Drill Intersections

Drill Hole Section From (m) To
(m)
Core Interval (m) True Width (m) Gold Grade (g/t)
2010-001 100 East 1.8 2.8 1.0 1.0 72.20
    9.0 11.6 2.6 2.5 8.84
2010-002 100 East 33.9 34.9 1.0 1.0 5.64
    60.7 62.7 2.0 2.0 5.15
2010-003 120 East 162.0 163.0 1.0 1.0 6.45
2010-004 160 East 116.0 117.0 1.0 1.0 22.20
2010-005 160 East 39.4 42.1 2.7 2.6 5.29
2010-006 160 East 19.9 23.0 3.1 2.9 10.80
    119.9 122.8 2.9 2.7 11.08
2010-007 160 East 153.9 161.7 7.8 7.5 54.69
  including 156.9 157.8 0.9 0.9 77.00
  including 159.7 160.7 1.0 1.0 228.00
  including 160.7 161.7 1.0 1.0 91.30
2010-008 149 East 124.5 125.5 1.0 0.9 18.40
    142.4 143.4 1.0 0.9 8.13
    153.8 154.7 0.9 0.8 6.03
    168.0 170.0 2.0 1.7 5.94
    193.7 194.6 0.9 0.8 7.00
    200.6 201.6 1.0 0.9 10.75
2010-009 80 West 25.7 26.7 1.0 1.0 10.70
2010-010 80 West 11.9 14.6 2.7 2.6 2.37
    44.9 47.7 2.8 2.7 3.11
2010-011 80 West 40.4 41.4 1.0 0.9 5.24
    140.0 143.0 3.0 2.8 29.25
  including 140.0 141.0 1.0 0.9 87.00
    167.7 170.7 3.0 2.8 8.39
2010-012 40 West 3.0 5.7 2.7 2.1 3.97
2010-013 40 West 25.0 28.0 3.0 2.9 5.23
    60.9 63.8 2.9 2.8 32.20
  including 61.8 62.8 1.0 1.0 91.20
    169.8 171.8 2.0 1.9 6.93
2010-014 40 West 25.7 27.6 1.9 1.7 1.95
2010-015 60 West 0.0 3.7 3.7 3.5 12.01
  including 1.1 1.9 0.8 0.8 38.70
    60.4 63.3 2.9 2.8 4.09
    142.4 144.4 2.0 1.9 2.92
    170.1 172.2 2.1 2.0 4.89


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, rather than retaining half of the core for archive. This provides a much larger sample for gold analysis and theoretically a more representative result. The core is logged and photographed, and for the zones sampled, the entire core is shipped to ALS Chemex for gold analysis. A rigorous QA/QC program is employed that involves the insertion of blanks and certified standards.

About Gold-Ore

Gold-Ore Resources is a gold mining and exploration company currently focused in the Skelleftea mining district in northern Sweden. The Company's primary asset is the Bjorkdal Mine, which is cash flow positive, debt-free and unhedged. In addition to Bjorkdal, the Company also has other assets in the district including the mineral rights to 57 square kilometres around the mine site, as well as the Norrliden Polymetallic Deposit.

For more information please contact the Company at (604) 687-8884 or Troy Winsor at 1-800-663-8072. Bjorkdal property information is posted on the Company's web site at www.goldore.ca

ON BEHALF OF THE BOARD

Robert S. Wasylyshyn, President

The TSX 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 � 2010 GOLD ORE RESOURCES LTD. (GOZ) All rights reserved. For more information visit our website at http://www.goldoreresources.com/ or send email to info@goldoreresources.com ..

Data and Statistics for these countries : Canada | Sweden | All
Gold and Silver Prices for these countries : Canada | 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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2007 Annual Report
Financings of Gold-Ore Resources Ltd.
7/14/2008Closes Private Placement
6/18/2008Announces a Non-Brokered Private Placement for up to $3,000,...
Option Grants of Gold-Ore Resources Ltd.
1/14/2008Appointment of Vice President-Mining, Granting of Stock Opti...
Nominations of Gold-Ore Resources Ltd.
4/19/2011Announces Appointment of New CFO
4/1/2010Appoints Financial Advisor
4/10/2008Appointment of Vice President -- Corporate Affairs
Financials of Gold-Ore Resources Ltd.
10/14/2011Announces Record Earnings for Third Quarter 2011
7/14/2011Announces Earnings of C$3.0 million in Second Quarter, 2011
4/18/2011Announces Earnings of C$1.0 million in First Quarter, 2011
3/1/2011Announces Earnings of C$6.7 million in 2010
7/13/2010Reports Strong Earnings in Second Quarter, 2010
6/17/2010(Björkdal)Reports Record Gold Production in Second Quarter
3/17/2010(Björkdal)First Quarter Operational Results
3/8/2010009 & Fourth Quarter Financial Results
3/9/2009Announces Bjorkdal First Quarter Operational Results
5/6/2008Reports Operational Results for the First Quarter of 2008
Project news of Gold-Ore Resources Ltd.
5/1/2012Elgin Mining and Gold-Ore Resources Announce Results of Shar...
4/12/2012Drills a Significant Extension to the Bjorkdal Gold Mine
6/9/2011(Björkdal)Announces Increased Gold Production in Second Quarter
5/29/2011(Björkdal)Releases Underground Drill Results at Bjorkdal Gold Mine
5/16/2011(Björkdal)Provides Exploration Update
3/15/2011Announces First Quarter Gold Production and 2011 Production ...
8/13/2010(Björkdal)Provides Update On Underground Mining
7/28/2010(Björkdal)Commences Surface Exploration Drilling
6/29/2010(Björkdal)Continues to Extend Mine Life
5/20/2010(Björkdal)Exploration Plans
1/25/2010(Björkdal)Reports Underground Drill Results at Bjorkdal
12/9/2009Fourth Quarter and 2009 Year End Production Results
11/9/2009(Björkdal)Reports Underground Drill Results & Future Drill Plans at Bj...
9/8/2009(Björkdal)Bjorkdal Gold Mine - Underground Drill Results
2/4/2009(Björkdal)Announces Expansion Plans at Bjorkdal Gold Mine
2/4/2009(Björkdal)Gold-Ore Announces Expansion Plans at Bjorkdal Gold Mine
1/14/2009(Björkdal)Announces December Gold Production at Bjorkdal
11/12/2008(Björkdal)Continues to Increase Gold Production at Bjorkdal
6/17/2008(Björkdal)Announces Central Tunnel Drill Results - Bjorkdal, Sweden Ev...
4/9/2008(Björkdal)Bjorkdal Gold Mine, Sweden -- Project Update
3/12/2008(Björkdal)Increase At Bjorkdal Mine, Sweden
1/10/2008(Björkdal)Project Update and 2008 Plans
1/2/2008(Björkdal)Bjorkdal Gold Mine - Purchase Closes
10/1/2007(Björkdal)Swedish Property Acquisition
9/24/2007(Björkdal)Bjorkdal Gold Mine - Central Tunnel Drill Results
7/17/2007(Björkdal)Bjorkdal Gold Mine -- Underground Drill Results
6/18/2007(Björkdal)Independent Feasibility Study at Bjorkdal Gold Mine Underway
5/8/2007(Björkdal)Commencement of Test Mining at Bjorkdal Gold Mine
4/26/2007(Björkdal)Bjorkdal Gold Mine - Additional Drill Results
Corporate news of Gold-Ore Resources Ltd.
4/10/2012Elgin Mining and Gold-Ore Resources Announce Shareholder Mee...
3/27/2012Announces Significant Increase in Proven & Probable Reserve ...
3/13/2012Announces First Quarter Gold Production
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2/27/2012Announces Earnings of C$12.3 million in 2011
2/1/2012Elgin Mining and Gold-Ore Resources Announce Merger Creating...
12/17/2011Astur Gold And Gold-Ore Resources Announce $150 Million Merg...
12/14/2011Reports 2011 Year-End and Fourth Quarter Production Results ...
9/14/2011Announces Third Quarter Gold Production
7/13/2010Contracts Windward Agency
5/17/2010Begins Trading on TSX Senior Board
5/10/2010Lists on TSX Senior Board
10/31/20093RD Quarter Financial Statements
2/19/2009Email To Shareholders
1/7/2009Announces Positive Tellurium Metallurgical Studies
5/15/2008Acquires Norrliden Poly-metallic Deposit
11/19/2007Bjorkdal Gold Mine - Exercise of Option to Purchase
11/8/2007Vallberget Property Acquisition - Bergslagen District, Swede...
10/31/2007 3rd Quarter Report for the period ending August 31, 2007
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