Tickers: XTSX:GRI, PINX:GPKMF
Tags: Mining
Vancouver, BC / TheNewswire / June 29, 2017 - Galore Resources Inc. (GRI-TSX.V) wishes to update shareholders on its exploration program. In its news release of May 4, 2017, the Company announced commencement of drilling at its San Jose claim, but since that time the driller encountered many mechanical issues. Ultimately, Galore was forced to abandon the first hole of the drill program and decided to discontinue drilling at this claim.
The decision to cease drilling at San Jose has resulted in Galore terminating its contract with Craig Byington, as V.P. of Exploration and Qualified Person. Galore is appreciative of his assistance in working with us on our claims.
Galore has also been working diligently for the past few months, analyzing data on the El Alamo claim and performing the necessary fieldwork of mapping and sampling. El Alamo adjoins the San Jose claim and together they share some similarities in structure, but differ greatly in mineralization style. The Board of Directors has decided to redirect Galore's efforts by drilling the El Alamo claim, which shows the possibility of significant gold mineralization.
Galore is now working to secure the services of a contractor that will bring equipment better suited to the drilling needed at El Alamo. Octavio Gonzales, Galore's managing geologist in Mexico has been consulting with outside geologists who are experienced in this unique mineralization-styled feature, with its potential to be a breccia-hosted deposit.
The Board has determined that Galore should return to the San Jose claim at a later date. The Company will update its shareholders once it has secured the services of an appropriate drilling contractor.
Galore Resources is a British Columbia-based exploration Company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico.
Galore Resources Inc.
"Mike McMillan"
CEO and Director
To find out more about Galore Resources (TSX.V:GRI) please contact:
Drew McMillan, CFO & VP Corporate Communications at (210) 325-7971 (USA) / Toll Free: 1 (877) 647-2298
OR visit our website at www.galoreresources.com or contact us at info@galoreresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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