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Gold-Ore Resources Ltd.

Publié le 29 juin 2010

Continues to Extend Mine Life

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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 ..

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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