Press release
X-ORE : FIRST GOLD INTERCEPTS 9.07 G/T AU OVER 6.0 M AT CROINOR
Val-d'Or (Quebec), November 21st, 2008 - X-Ore Resources Inc. (TSXV : XOR) ("X-Ore") is pleased to announce the latest results from First Gold Exploration ("First Gold") (TSXV : EFG) diamond drilling program on the Croinor property (optioned by First Gold, see press release dated May 1st, 2007) and located east of Val-d'Or in the Abitibi region, Quebec. Work performed has allowed to extend the mineralization both laterally and vertically.
First Gold completed 4,505 meters of diamond drilling on the Croinor 1 project in 2008 (host of the Croinor gold deposit). The total meterage for 2007 and 2008 adds up to 12,914 meters. The best drill results (see below) were obtained on and around the known deposit. Drilling location map is available on the web site.
Hole number Interval (m) Grade Au / Length
CR08-348 138 to 142 4.36 g/t over 3.0 meters
198 to 202 4.67 g/t over 4.0 meters
221 to 223 3.80 g/t over 2.0 meters
CR08-349 255 to 260 4.74 g/t over 5.0 meters
CR08-351 262 to 263 1.76 g/t over 1.0 meter
CR08-352 162 to 164 2.31 g/t over 2.0 meters
CR08-353 154 to 157 3.20 g/t over 3.0 meters
170 to 171 2.21 g/t over 1.0 meter
191 to 192 2.54 g/t over 1.0 meter
CR08-354 155 to 156 4.25 g/t over 1.0 meter
159 to 162 2.65 g/t over 3.0 meters
166 to 169 4.99 g/t over 3.0 meters
170 to 172 5.33 g/t over 2.0 meters
190 to 192 14.26 g/t over 2.0 meters
209 to 210 (visible Au) 13.57 g/t over 1.0 meter
CR08-356 151.3 to 154 1.83 g/t over 2.7 meters
CR08-357 176 to 181 2,.30 g/t over 5.0 meters
CR08-358 185 to 187 2.90 g/t over 2.0 meters
CR08-359 107 to 108 6.22 g/t over 1.0 meter
CR08-360 218 to 219.5 8.13 g/t over 1.5 meters
251 to 253 5.41 g/t over 2.0 meters
CR08-361 182 to 186 1.35 g/t over 4.0 meters
CR08-362 179.5 to 181 8.51 g/t over 1.5 meters
CR08-363 72 to 78 9.07 g/t over 6.0 meters
Preliminary indications are that the true widths of the mineralized intervals are roughly equivalent to 66% of core lengths. Assays have not been cut. The 2005 independent NI43-101 report on the Croinor deposit indicated that the bulk of the tonnage had been defined from surface down to the 150 meter level (approximately a 200,000 oz Au - resource estimate for all categories). Drilling by First Gold Exploration extended the mineralization down to the 300 meter level. More importantly, this work defined a particularly extensive and continuous vein system between levels 100 and 300 meters. Zone 5, which was defined as having a down dip extension of only 86 meters in the 2005 NI43-101 report, has now been traced down dip for more than 200 meters and laterally for 400 meters to become one of the most important vein system at Croinor. This is a very positive development for X-Ore and First Gold since the mineralization at Croinor was known to be somehow erratic and discontinuous. Zone 5 demonstrates clearly that mineralized shear-vein structures at Croinor can offer good continuity and grade. In fact, recent drilling is indicating that the Croinor mineralized system can be divided into three main "en echelon" shear zones, separated by approximately 50 meters vertically. The deepest shear hosts the Zone 5 veins between the 150 and 300 meters levels.
In addition, during the summer of 2008, First Gold completed 3,825 meters of drilling on the Croinor 2 project which surrounds the Croinor 1 mining lease. The 2008 drilling campaign on Croinor 2 only reported sub-economic results. As projected, Golder Associ�s Lt�e of Val d'Or was commissioned to prepare a scoping study. Moreover, Pierre O'Dowd, P.Geo will also complete a new NI43-101 resource calculation. "2008 has been a great year for First Gold Exploration as we have accomplished all our objectives and kept our engagements. We are looking forward to the economic valuation of this project by Golder Associ�s Lt�e", comments Eric Leboeuf, President of First Gold Exploration. All the samples were analyzed by Laboratoire Techni-Lab located in Ste-Germaine-Boul�, Quebec using atomic absorption of 30 grams pulp samples and fire assay with gravity finish. First Gold has implemented a QAQC program which includes the use of standards, blanks and duplicate samples. Mr. Pierre O'Dowd, a Qualified Person under NI 43-101 has revised and approved the technical content of this release. Mr. O'Dowd also supervises the field work be executed on the project.
About X-Ore Resources Inc.
X-Ore Resources is a mineral exploration company with 18 properties located in known gold regions of Mexico and Canada, including the prolific Sierra Madre Gold Belt and the Val-d'Or region of Quebec.
The TSX Venture Exchange does not accept responsibility for the accuracy of this press release. This press release contains �forward-looking statements� not based on historical facts. Forward-looking statements express, as of the date of this press release, our estimates, forecast, projections, expectations and opinions as to future events or results. Forward-looking statements herein expressed are reasonable, but involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, fluctuations in the market price
of precious metals, mining industry risks, uncertainty as to calculation of mineral resources and requirements of additional financing and the capacity of the Company to obtain financing.
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For further information please visit X-Ore's website at www.x-ore.com or contact:
Mr. L�on M�thot
President and CEO
Tel.: (819) 824-5422
Mr. Paul Goulet
Investor Relations
Tel.: (514) 710-8290
gouletp@commgo.com