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Re: News Release - Thursday, November 08, 2007
Vallberget Property Acquisition - Bergslagen District, Sweden
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Gold-Ore Resources Ltd. (the "Company") announces that it has acquired
an option to purchase 100% interest in four contiguous exploration
permits covering 29 square kilometers in the prolific Bergslagen mining
district in southern Sweden. The Bergslagen district has seen mining
since the Middle Ages and currently Lundin Mining and New Boliden
produce base and precious metals in proximity to the Vallberget
property.
The Vallberget permits cover an area where previous work has located 13
volcanogenic massive sulphide style occurrences of Zn, Pb, Cu, Ag and
Au within felsic volcanic rocks. Most of the occurrences have seen
small scale mining during the 1800's and 1900's. Historic drill
intersections dating back to the late 1930's include 22.9% Zn and 0.70%
Pb over 9.8 metres and 17.1% Zn and 1.9% Pb over 3.8 metres. The
property has never been explored systematically or to depths exceeding
90 metres.
"We continue to selectively add properties to our land holdings" states
Bob Wasylyshyn, the Company's President. "Our goal is to create a high
quality portfolio of exploration projects focused in Sweden."
Under terms of the option to purchase agreement, Gold-Ore will acquire
100% of the permits from a private company by paying a combination of
cash and shares equivalent totaling CDN$585,000 over a four year
period. The first annual payment of CDN$10,000 and 25,000 shares has
been paid.
For more information please contact Glen Dickson or Bob Wasylyshyn at
(604) 687-8884. Further information will be posted on the Company's web
site at www.goldoreresources.com
On Behalf of the Board of Directors
Robert Wasylyshyn, President
GOLD-ORE RESOURCES LTD.
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.
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Copyright (c) 2007 GOLD ORE RESOURCES LTD. (GOZ) All rights reserved.
For more information visit our website at
http://www.goldoreresources.com/ or send
mailto:info@goldoreresources.com
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