Gold-Ore Resources Ltd.
TSX VENTURE : GOZ

Gold-Ore Resources Ltd.

June 17, 2008 09:30 ET

Gold-Ore Announces Central Tunnel Drill Results-Bjorkdal, Sweden

Evaluating Bulk Mining Methods

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - Gold-Ore Resources Ltd. (the "Company") (TSX VENTURE:GOZ) is pleased to provide infill drill results from recent underground drilling in the Central Tunnel at the Bjorkdal Gold Mine in Sweden. During 2007 and 2008 a total of 4,760 metres in 54 holes was drilled from the Central Tunnel. A 43-101 compliant resource calculation released on March 12, 2008 only incorporated a minor amount of the mineralization at the Central Tunnel due to the lack of infill drilling. The next resource calculation will better reflect the potential of the area.

Drilling commenced in 2008 with one rig on April 14 and 32 holes totalling 2,000 metres have been completed to-date. Of these, the first 15 were drilled from the Central Tunnel and the results are shown in the tables below. The drill has since moved to the Eastern Tunnel.

The results in Table 1 reflect a narrow vein mining plan with an average minimum stope width of 3 metres. Table 2 presents the results accommodating wider stopes or a possible underground bulk method of mining. A mining plan for this area is currently being designed.



Table 1. Central Tunnel Drill Results - minimum 3 metre stope width

--------------------------------------------------------------------------
True
Hole From To Interval Width Au Grade
Number Section Azimuth Dip (m) (m) (m) (m) (g/t)
--------------------------------------------------------------------------
2008-001 225W 150 12 1.0 5.0 4.0 3.9 11.92
33.2 35.7 2.5 2.4 17.32
48.0 50.0 2.0 2.0 13.05
--------------------------------------------------------------------------
2008-003 225W 330 -18 2.2 7.2 5.0 4.8 6.87
17.2 22.3 5.1 4.9 5.98
26.4 30.5 4.1 3.9 7.97
--------------------------------------------------------------------------
2008-004 225W 330 -50 3.0 7.0 4.0 2.6 10.37
12.9 15.9 3.0 1.9 3.16
--------------------------------------------------------------------------
2008-006 195W 150 0 49.0 51.1 2.1 2.1 15.67
--------------------------------------------------------------------------
2008-007 195W 330 -18 8.9 19.0 10.1 9.6 7.83
23.0 25.0 2.0 1.9 10.75
33.7 36.0 2.3 2.2 4.52
--------------------------------------------------------------------------
2008-008 165W 330 -45 13.5 16.5 3.0 2.1 2.95
--------------------------------------------------------------------------
2008-010 165W 150 15 24.0 26.7 2.7 2.6 3.47
35.7 37.8 2.1 2.0 11.05
45.0 49.1 4.1 4.0 6.96
59.2 64.0 4.8 4.6 2.41
--------------------------------------------------------------------------
2008-012 135W 330 -15 58.9 62.6 3.7 3.6 4.49
--------------------------------------------------------------------------
2008-014 135W 150 12 63.9 66.5 2.6 2.5 2.54
82.2 85.0 2.8 2.7 5.95
--------------------------------------------------------------------------


Table 2. Central Tunnel Drill Results - bulk mining averages
--------------------------------------------------------------------------
True
Hole From To Interval Width Au Grade
Number Section Azimuth Dip (m) (m) (m) (m) (g/t)
--------------------------------------------------------------------------
2008-001 225W 150 12 25.5 35.7 10.2 10.0 4.70
--------------------------------------------------------------------------
2008-002 225W 150 -45 13.5 23.5 10.0 7.1 0.99
--------------------------------------------------------------------------
2008-003 225W 330 -18 17.2 30.5 13.3 12.6 4.80
--------------------------------------------------------------------------
2008-004 225W 330 -50 3.0 14.9 11.9 7.6 4.29
--------------------------------------------------------------------------
2008-006 195W 150 0 44.0 51.1 7.1 7.1 4.89
--------------------------------------------------------------------------
2008-007 195W 330 -18 8.9 36.0 27.1 25.8 4.20
--------------------------------------------------------------------------
2008-010 165W 150 15 35.7 49.1 13.4 12.9 3.88
--------------------------------------------------------------------------
2008-012 135W 330 -15 58.9 73.0 14.1 13.6 2.10
--------------------------------------------------------------------------


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, thus not retaining half core for archive. This provides a much larger sample for gold analysis and theoretically a more representative result. Historically, the Company has used this practice on 22% of previous drilling and there are over 20,000 metres of core archived on the property. The core is logged and photographed, and then the entire core is shipped to ALS Chemex for gold analysis. A rigorous QA/QC program is employed that involves the insertion of blanks, certified standards and field and lab duplicates.

Bjorkdal Gold Production

The Bjorkdal gold concentrating plant continues to operate at the full capacity of 3,400 tonnes/day or 100,000 tonnes/month. Gold production for May reached an annualized level of 29,200 ounces, which represents a 52% increase over 2007 production.

A scheduled maintenance shutdown in June will reduce the monthly throughput by 5,000 to 10,000 tonnes. July production from underground only will be reduced due to scheduled vacation by the contract mining crew. Gold production during July will be from open pit material and surface stockpiles.

Gold-Ore Resources is a mineral exploration development company with operations currently focussed in the country of Sweden. In addition to the Bjorkdal gold mine, the Company also has two other exploration concessions in the country, the Ronnberget Property (adjacent to Bjorkdal) and the Vallberget Property, and the recently acquired development project, the Norrliden deposit.

Bjorkdal property information is posted on the Company's web site at www.goldoreresources.com. Robert S. Wasylyshyn; P. Geo. is the Company's Qualified Person for the Bjorkdal Project.

Robert S. Wasylyshyn, P. Geo, President

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.

News Release 08-09

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Gold-Ore Resources Ltd.
    Glen Dickson
    (604) 687-8884
    or
    Gold-Ore Resources Ltd.
    Ron Ewing
    (604) 687-8884
    or
    Gold-Ore Resources Ltd.
    Robert Wasylyshyn
    (604) 687-8884
    Website: www.goldoreresources.com