New Oxide Gold Mineralization At The Pan Mine

VANCOUVER, BC - Fiore Gold Ltd. reported the first results from the 2019 drill program at its Pan Mine in Nevada. This drill program is part of a long-term program aimed at expanding the resource and reserve base and extending the mine life.

The twenty-six holes reported here were drilled at several locations around the main North Pan and South Pan pits, as well as the smaller Syncline and Black Stallion satellite pits. The holes were intended to test the potential to expand the existing oxide reserves both at depth and laterally beyond the current reserve boundaries. The most recent Proven and Probable reserve estimate shows 318,000 gold ounces at an average grade of 0.51 g/t gold (0.015 oz/ton), with reserve cutoff grades of 0.21 g/t gold for the North and Central pits and 0.14 g/t gold for the South Pit.

Tim Warman, CEO, said, "We're very pleased with the results from both the North and South Pan areas, with several thick intercepts of oxide material with gold grades at or above the average reserve grades. It's especially encouraging to see such shallow intercepts in the North Pan area, and we're hopeful that we can bring these into an updated resource and reserve estimate and mine plan scheduled for completion in 2020."

To date assays have been received for 26 holes representing 4,171 m (13,685 feet) of approximately 6,538 m (21,450 feet) completed to date at Pan The 2019 drilling program at Pan is now complete, although follow-up drilling may be planned for the new year once all the assays from the current program are received.

The Pan Mine is a Carlin-style, sedimentary rock-hosted, gold-only deposit, and is comprised of three main zones of mineralization which has currently been traced for over 1,800 m (6,000 feet) along the north-south trending Branham Fault. The North Zone is composed of a large body of silicified solution breccia along the western margin of the Branham fault. Mineralization extends westward from the breccia body along the relatively flat-lying Pilot Shale-Devils Gate Limestone contact. South Pan is largely hosted in strongly clay altered and mineralized solution breccias within the Branham fault zone, and clay altered sediments along the Pilot Shale-Devils Gate Limestone contact which dip to the southeast away from the Branham Fault. Central Pan consist of several smaller pods of mineralization largely along the Pilot Shale-Devils Gate contact along a series of west-northwest trending open folds and north-south secondary faults.

The company’s contact information is (416) 639-1426, [email protected], www.fioregold.com.