ROD Received For Mine Construction At Gold Rock Project

VANCOUVER, BC - Fiore Gold Ltd. has received the Record of Decision (ROD) for the Company’s 100%-owned Gold Rock project, located approximately 8 km southeast of Fiore’s Pan Mine in White Pine County, Nevada.  This completes the full federal permitting process required for the construction of a mine on the Gold Rock property. 

Tim Warman, Chief Executive Officer of Fiore, said, “The receipt of the Record of Decision represents the culmination of years of dedicated work by our permitting and technical staff, and puts the Gold Rock project years ahead of other advanced exploration and development projects in the United States. We recently released a new resource estimate for the project and began additional exploration drilling at Gold Rock for the first time in several years, targeting extensions to the currently known mineralization as we aim to grow the project from the baseline resource. On behalf of management and directors of Fiore, I want to again thank the Fiore Gold team, the BLM, the cooperating agencies, and all of the local stakeholders involved in this comprehensive review of the Gold Rock Project.”

Fiore recently provided an updated resource estimate based on drilling by previous owners and is currently drill testing several targets north of the former Easy Junior mine. Future work on the project will include infill and expansion drilling aimed at expanding the resource base, as well as infill drilling to confirm the geological controls and collect samples for density and metallurgical testing.

Fiore holds the Gold Rock Project through its wholly-owned subsidiary, GRP Gold Rock, LLC. The Gold Rock Project consists of a large 20,300-hectare contiguous land package on the Battle Mountain-Eureka Trend, anchored by the former Easy Junior Mine, which reportedly produced approximately 2.6 million tonnes at a grade of 0.89 grams per tonne for 74,945 gold ounces in the early 1990s. The area in and around the former 

The mineralization at Gold Rock is hosted by the folded and faulted Joanna Limestone Formation, where the historical resource covers only about 3 km of a >13 km long belt. This belt contains the same folded and faulted Joanna Formation, displaying strong Carlin-style alteration (silica flooding, jasperoids) and coincident gold and pathfinder element anomalies throughout its strike length. This area is considered highly prospective for additional discoveries. At least nine distinct targets defined by Carlin-type structure, geochemistry and alteration have been located by surface sampling and mapping, with drilling on three of the targets currently underway.

The ROD covers the proposed expansion of the existing open pit and construction of two waste rock disposal areas, a heap leaching facility with an adsorption/desorption refining plant, roads, ancillary support facilities, and additional exploration areas. The ROD also allows for inclusion of a carbon-in-leach plant and tailings storage facility if required for a future phase of the project.