Gold-Ore Resources Ltd.
TSX VENTURE : GOZ

Gold-Ore Resources Ltd.

January 03, 2007 09:30 ET

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

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 3, 2007) - Gold-Ore Resources Ltd. (TSX VENTURE:GOZ) is pleased to provide further results from Phase I drilling at the Bjorkdal Gold Mine in Sweden. The Company has now drilled 91 core holes totaling 7,950 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

During 2006 the Company released significant results from holes 2006-01 to 2006-061 and is now releasing holes 2006-062 to 2006-077. The current results continue to define the gold-bearing vein systems and demonstrate that the gold mineralization extends from the open pit towards the north and remains open to expansion.



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Core True Gold
Drill From To Interval Width Grade
Hole Section (m) (m) (m) (m) (g/t)
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2006-062 Ramp 42.0 47.0 5.0 4.4 17.44
including 45.0 47.0 2.0 1.8 39.25
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2006-063 Ramp 39.0 42.0 3.0 2.9 15.37
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and 67.0 71.0 4.0 3.8 5.81
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2006-064 Ramp 1.4 7.0 5.6 4.0 17.29
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2006-065 90 East 117.0 120.0 3.0 2.2 3.72
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2006-066 60 East 93.1 96.0 2.9 2.4 4.26
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2006-067 60 East 41.8 44.0 2.2 2.2 5.66
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2006-068 60 East 47.0 50.0 3.0 2.8 2.66
and 58.1 62.5 4.4 4.1 4.08
and 66.0 72.0 6.0 5.6 27.60
including 66.0 69.0 3.0 2.8 53.45
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2006-069 60 East 41.0 44.0 3.0 2.6 33.35
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2006-070 60 East 58.0 60.9 2.9 2.8 5.70
80.0 83.0 3.0 2.9 7.00
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2006-071 30 East 16.0 19.0 3.0 2.6 4.82
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2006-072 30 East 51.0 53.7 2.7 2.7 10.94
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2006-073 30 East 75.0 83.0 8.0 7.3 18.61
including 78.0 81.0 3.0 2.7 45.00
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2006-074 30 East 52.0 55.0 3.0 2.7 6.73
91.1 96.0 4.9 4.5 3.41
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2006-076 60 East 38.5 41.0 2.5 2.5 6.48
49.0 51.0 2.0 2.0 5.26
129.5 132.0 2.5 2.5 7.64
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2006-077 60 West 71.0 73.0 2.0 2.0 3.67
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To date, all drilling reported has been from holes drilled on 30 metre spacing. In mid-November one drill rig was assigned to in-fill drilling at 15 metre spacing. A total of nine infill holes have been completed and results will be provided shortly. Infill drilling will enable a resource calculation that will become part of a Feasibility Study planned for 2007. The Phase 1 program is testing approximately 10% of the prospective target areas at Bjorkdal.

Mineralization Extended into Overlying Rocks

A tunnel in the central part of the pit was started in 2005 by Minmet and was extended in 2006 on a continuous gold-bearing vein system. This vein system was followed for a total length of 135 metres and continued beyond the contact of the granodiorite, well into the overlying metavolcanic rocks. This is particularly significant as it confirms the potential to discover significant mineralization outside of the granodiorite, historically the main host of the mineralization. The rock processed from this tunnel produced 807 ounces of gold and generated a net profit of USD$250,000.

Future Exploration and Development Plans

Underground diamond drilling will continue with two drill rigs for the next 3 months and will include a mix of widely spaced and infill drilling along with step-out exploration holes to test the numerous targets at Bjorkdal. Drill results will continue to be released in a timely manner. A test mining - bulk sample program is being designed for a spring implementation and will form the basis of the planned feasibility study.

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