Gold-Ore Resources Ltd.
TSX VENTURE : GOZ

Gold-Ore Resources Ltd.

March 07, 2007 13:02 ET

Gold-Ore Resources Ltd.: Bjorkdal Gold Mine-Additional Drill Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2007) - Gold-Ore Resources Ltd. (TSX VENTURE:GOZ) is pleased to provide further results from underground drilling at the Bjorkdal Gold Mine in Sweden. Gold-Ore has now drilled 120 core holes totaling 10,600 metres from the underground workings excavated in 2006. Gold-Ore has an option to purchase 100% of the gold-producing property from Minmet plc of Dublin, Ireland.

Drill Results

The results in the tables below are separated into wide-spaced and infill drill holes. The area being tested was initially drilled on a systematic basis on sections spaced 30 metres apart. Upon the receipt of extremely positive initial results, the decision to drill infill sections at spacing of 15 metres was made.

These latest drill results continue to demonstrate that the mineralization previously mined in the open pit extends northward and remains open to further expansion. The area tested by the drilling thus far spans 650 metres (across strike of the veins) by 150 metres (along strike of the veins). This entire area hosts a series of continuous gold-bearing veins. Mining methods and capital and operating costs are being compiled. A test mining program will commence during April and will involve the collection of bulk samples from several veins for immediate processing in the Bjorkdal plant. Gold recovered will be sold at the spot price and the revenue will be used to offset exploration costs.



Significant Intersection (wide-spaced drilling)

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From To Core Interval True Width Gold Grade
Drill Hole Section (m) (m) (m) (m) (g/t)
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2006-080 60 West 46.0 49.0 3.0 3.0 8.25
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2006-089 30 West 43.0 48.0 5.0 3.8 5.86
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2006-090 30 West 13.0 17.0 4.0 3.7 2.75
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22.4 25.0 2.6 2.4 5.66
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2007-003 30 West 52.5 55.0 2.5 2.5 4.10
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139.0 141.0 2.0 2.0 8.72
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2007-004 30 West 21.0 24.0 3.0 2.9 9.01
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30.1 33.0 2.9 2.8 32.80
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76.0 79.0 3.0 2.9 8.04
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83.0 86.0 3.0 2.9 4.10
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2007-007 90 East 17.0 20.0 3.0 2.4 5.38
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2007-008 90 East 8.0 11.0 3.0 2.7 2.59
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24.0 27.0 3.0 2.7 57.77
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52.0 56.0 4.0 3.6 6.71
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66.0 69.0 3.0 2.7 3.14
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73.0 75.8 2.8 2.5 10.13
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Significant Intersections (In-fill)

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From To Core Interval True Width Gold Grade
Drill Hole Section (m) (m) (m) (m) (g/t)
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2006-051 45 East 53.9 57.7 3.8 3.6 3.18
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73.9 77.0 3.1 2.9 4.53
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2006-082 45 East 15.0 18.0 3.0 2.8 16.67
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25.0 27.4 2.4 2.3 4.22
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2006-083 15 East 1.0 7.0 6.0 5.2 14.13
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22.0 26.0 4.0 3.5 3.78
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54.9 58 3.1 2.7 3.77
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72.0 75.6 3.6 3.1 4.30
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2006-091 45 East 27.0 30.2 3.2 2.7 3.20
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2006-092 45 East 76.8 80.0 3.2 2.1 8.26
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2007-001 75 East 34.0 38.0 4.0 2.2 11.94
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2007-005 75 East 50.0 52.2 2.2 2.1 4.11
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2007-011 45 East 30.0 32.3 2.3 2.2 5.10
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2007-013 45 East 12.8 14.8 2.0 2.0 3.28
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2007-014 15 East 2.0 4.1 2.1 2.0 3.03
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22.0 24.5 2.5 2.4 8.76
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2007-015 15 East 24.0 26.5 2.5 2.5 4.62
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29.0 31.0 2.0 2.0 3.69
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40.0 42.0 2.0 2.0 3.04
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46.0 48.0 2.0 2.0 2.92
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2007-016 15 East 2.0 4.5 2.5 2.4 9.13
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74.9 77.2 2.3 2.2 3.43
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Sample Protocol and Chain of Custody

In order to minimize the effects of the coarse, nugget gold at Bjorkdal, two different preparation techniques are employed on the core at Bjorkdal. The wide-spaced drill holes are logged, photographed and sawed in half. Half of the core is then shipped to ALS Chemex for gold analysis. The infill drill holes are logged and photographed, and then the entire core is shipped to ALS Chemex for gold analysis. Of the 107 drill holes reported on to date, 19 holes (18%) are infill and 88 holes (82%) are wide-spaced.

All drill core is transported by Gold-Ore personnel to the ALS Chemex lab in Pitea, Sweden. The core is crushed and pulverized and a 500 gram split is assayed by an accelerated cyanide leach (bottle roll). This method was selected as the large sample assayed minimizes the nugget effect and provides for a more reliable assay. A rigorous QA/QC program is employed and involves the insertion of blanks, certified standards and field and lab duplicates.

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.

ON BEHALF OF THE BOARD

Glen Dickson, Chairman

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.

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.
    Bob Wasylyshyn
    (604) 687-8884
    (604) 629-0400 (FAX)
    Website: www.goldoreresources.com