Gold-Ore Resources Ltd.
TSX VENTURE : GOZ

Gold-Ore Resources Ltd.

July 17, 2007 09:30 ET

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

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2007) - Gold-Ore Resources Ltd. (TSX VENTURE:GOZ) provides further diamond drill results from the Bjorkdal Gold Mine in Sweden. In the past 13 months the Company has drilled 15,100 metres in 170 core holes. Gold-Ore has an option to purchase 100% of the gold-producing property from Minmet plc of Dublin, Ireland.

The 13 drill holes in the table below represent the remaining holes drilled from underground in the Main Tunnel. Included in the results is hole 2007-070, a wildcat exploration hole designed to test the on-strike extension of the Bjorkdal mine mineralization in the northeast direction towards Storheden. This hole intersected significant high-grade gold mineralization beyond the currently defined resource and 100 metres below the base of the open pit. Highlighting the better intercepts of hole 2007-070 is 41.4 g/t across 4.3 metres (True width 2.2 metres) and 11.51 grams across 6.2 metres (True width 3.1 metres).



Significant Intersections (Wide-spaced Drilling)
---------------------------------------------------------------------
Core True Gold
Drill From To Interval Width Grade
Hole Section (m) (m) (m) (m) (g/t)
---------------------------------------------------------------------
2007-052 0 East 4.0 7.0 3.0 2.8 7.23
---------------------------------------------------------------------
30.0 35.0 5.0 4.7 26.90
---------------------------------------------------------------------
including 33.5 34.1 0.6 0.6 210.00
---------------------------------------------------------------------
2007-053 0 East 53.0 55.0 2.0 2.0 6.31
---------------------------------------------------------------------
67.0 69.8 2.8 2.8 25.85
---------------------------------------------------------------------
including 68.2 69.0 0.8 0.8 70.20
---------------------------------------------------------------------
2007-055 0 East 48.9 51.0 2.1 2.1 52.19
---------------------------------------------------------------------
including 48.9 49.6 0.7 0.7 156.50
---------------------------------------------------------------------
72.0 75.0 3.0 2.9 3.46
---------------------------------------------------------------------
2007-060 30 West 33.2 36.1 2.9 2.7 3.54
---------------------------------------------------------------------
2007-063 60 West 38.0 41.0 3.0 2.6 50.04
---------------------------------------------------------------------
including 39.7 40.2 0.5 0.4 300.00
---------------------------------------------------------------------
44.0 47.0 3.0 2.6 3.50
---------------------------------------------------------------------
60.0 63.0 3.0 2.6 3.70
---------------------------------------------------------------------
2007-065 60 East 28.0 31.0 3.0 2.4 12.21
---------------------------------------------------------------------
including 29.0 29.6 0.6 0.5 60.30
---------------------------------------------------------------------
33.4 36.0 2.6 2.1 7.95
---------------------------------------------------------------------
2007-066 30 East 22.0 24.7 2.7 2.4 2.89
---------------------------------------------------------------------
49.8 52.0 2.2 2.0 4.78
---------------------------------------------------------------------
2007-067 0 East 8.7 11.4 2.7 2.3 7.96
---------------------------------------------------------------------
2007-070 90 East 41.7 46.0 4.3 2.2 41.40
---------------------------------------------------------------------
including 41.7 42.5 0.8 0.4 203.00
---------------------------------------------------------------------
84.0 90.2 6.2 3.1 11.51
---------------------------------------------------------------------
including 84.0 85.0 1.0 0.5 57.80
---------------------------------------------------------------------
119.0 123.0 4.0 2.0 4.80
---------------------------------------------------------------------


Significant Intersections (In-fill Drilling)
---------------------------------------------------------------------
Core True Gold
Drill From To Interval Width Grade
Hole Section (m) (m) (m) (m) (g/t)
---------------------------------------------------------------------
2007-058 15 West 21.0 24.0 3.0 3.0 4.88
---------------------------------------------------------------------
36.0 38.1 2.1 2.1 20.47
---------------------------------------------------------------------
2007-059 15 West 12.0 14.8 2.8 2.5 7.80
---------------------------------------------------------------------
41.0 44.2 3.2 2.9 5.29
---------------------------------------------------------------------
2007-061 45 West 9.0 13.0 4.0 4.0 5.87
---------------------------------------------------------------------
20.1 23.0 2.9 2.9 6.20
---------------------------------------------------------------------
48.0 51.0 3.0 3.0 91.20
---------------------------------------------------------------------
including 48.0 49.0 1.0 1.0 273.00
---------------------------------------------------------------------
2007-062 45 West 57.6 60.0 2.4 2.0 6.95
---------------------------------------------------------------------


Drilling is continuing with two rigs. As part of an exploration campaign near the mine site, a surface rig is turning in the Storheden area. The second rig is underground in the Central Tunnel as part of the resource definition drilling program. In addition, 400 metres of new tunnels have been excavated in the on-going test mining program.

The Company only releases drill intersections deemed to be significant. If a drill hole cuts mineralization with gold values greater than 2.5 g/t across a true width of 2.0 metres or more, it is released.

Sample Protocol and Chain of Custody

In order to minimize the effects of the coarse, nugget gold at Bjorkdal, two different sample preparation techniques are employed on the core at Bjorkdal. The wide-spaced drill holes are logged, photographed and sawn 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. 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