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Gold-Ore Resources Ltd.

Publié le 28 juillet 2010

Commences Surface Exploration Drilling

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Mots clés associés :   Canada | Precious Metals |

Re:       News Release - Wednesday, July 28, 2010
Title:     Gold-Ore Commences Surface Exploration Drilling

Vancouver, BC, Canada - Gold-Ore Resources Ltd. (GOZ:TSX) is pleased to provide an update of the 2010 surface diamond drilling programs near the Bjorkdal mine site in Sweden. The drilling has two components with different objectives. The first program will focus on expanding the current mine operation immediately adjacent to the processing plant. The second program will focus on finding new satellite deposits on the 66 square kilometre exploration concessions surrounding the mine site.

The first drill program started July 26 and is focussing on the Nylunds target located 300 metres east of the open pit. Historic drilling in the area intersected significant gold mineralization similar to Bjorkdal. The initial phase of drilling is up to 2000 metres. The objective of the program is to test for gold mineralization for extraction by both underground and open pit mining. Results are expected in the fourth quarter.

The second drill program will test targets on nearby exploration concessions. The Company has received results from the low level helicopter airborne magnetic survey completed this spring over its entire property. An exploration concession was acquired (10.74 square kilometres) west of the Bjorkdal mine covering favourable targets generated by that survey. Infill till sampling for heavy minerals continues and will aid in drill target selections. A contract has been granted for an airborne Time Domain Electromagnetic ("TDEM") geophysical survey over selected areas. The objective of the TDEM survey is to define targets that may be associated with base and precious metals. Diamond drill testing of selected targets is planned for the fourth quarter of 2010.

The world class Skellefte� mining district, where Gold-Ore's Bjorkdal mine is located, has been the focus of exploration for gold-rich polymetallic deposits since the discovery of the Boliden Gold Deposit in the mid-1920's. The district extends 120 kilometres west-northwest and is approximately 30 kilometres wide and contains more than 85 such deposits, of which 28 have been mined since 1924. Currently there are 5 base and precious metal mines in the district. Gold production from the district has exceeded 10 million ounces.

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 66 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

Glen Dickson
Chairman


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 ..

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Gold-Ore Resources Ltd.

PRODUCTEUR
CODE : GOZ.TO
ISIN : CA3809811001
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Gold-Ore Res. est une société de production minière d'or basée au Canada.

Gold-Ore Res. est en développement de projets d'or, d'argent, de cuivre, de plomb et de zinc en Suede, et détient divers projets d'exploration en Suede.

Son principal projet en production est BJÖRKDAL en Suede, son principal projet en développement est NORRLIDEN en Suede et ses principaux projets en exploration sont VALLBERGET et RONNBERGET en Suede.

Gold-Ore Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 69,2 millions CA$ (67,3 millions US$, 51,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 23 novembre 2001 à 0,04 CA$, et son plus haut niveau récent le 31 décembre 2010 à 1,14 CA$.

Gold-Ore Res. possède 85 467 000 actions en circulation.

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18/04/2011Announces Earnings of C$1.0 million in First Quarter, 2011
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13/07/2010Reports Strong Earnings in Second Quarter, 2010
17/06/2010(Björkdal)Reports Record Gold Production in Second Quarter
17/03/2010(Björkdal)First Quarter Operational Results
08/03/2010009 & Fourth Quarter Financial Results
09/03/2009Announces Bjorkdal First Quarter Operational Results
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12/04/2012Drills a Significant Extension to the Bjorkdal Gold Mine
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29/05/2011(Björkdal)Releases Underground Drill Results at Bjorkdal Gold Mine
16/05/2011(Björkdal)Provides Exploration Update
15/03/2011Announces First Quarter Gold Production and 2011 Production ...
13/08/2010(Björkdal)Provides Update On Underground Mining
28/07/2010(Björkdal)Commences Surface Exploration Drilling
29/06/2010(Björkdal)Continues to Extend Mine Life
20/05/2010(Björkdal)Exploration Plans
25/01/2010(Björkdal)Reports Underground Drill Results at Bjorkdal
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04/02/2009(Björkdal)Gold-Ore Announces Expansion Plans at Bjorkdal Gold Mine
14/01/2009(Björkdal)Announces December Gold Production at Bjorkdal
12/11/2008(Björkdal)Continues to Increase Gold Production at Bjorkdal
17/06/2008(Björkdal)Announces Central Tunnel Drill Results - Bjorkdal, Sweden Ev...
09/04/2008(Björkdal)Bjorkdal Gold Mine, Sweden -- Project Update
12/03/2008(Björkdal)Increase At Bjorkdal Mine, Sweden
10/01/2008(Björkdal)Project Update and 2008 Plans
02/01/2008(Björkdal)Bjorkdal Gold Mine - Purchase Closes
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08/05/2007(Björkdal)Commencement of Test Mining at Bjorkdal Gold Mine
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