News Release: 2011-10-12
Finore Mining Inc. Engages Watts, Griffis and McOuat
Vancouver, B.C., October 12, 2011 - FINORE MINING INC. (CNSX: FIN) (the "Company" or "Finore") is pleased to announce that it has commissioned Watts, Griffis and McOuat ("WGM") to update the independent National Instrument 43-101 compliant mineral resource estimate and Technical Report on the recently optioned Läntinen Koillismaa PGE+Au-Cu-Ni ("LK") Project located in Northern Finland. Dr. Markku Iljina, Ph.D., EuroGeol, WGM Senior Associate will be the Project Manager for this report. Dr. Iljina will be assisted by WGM Senior Associate Mineral Resource Geologist, Mr. Cliff Duke, P. Geo.
Dr. Iljina has extensive experience working with the Koillismaa layered igneous complex, which hosts the LK Project. Dr. Iljina, through his extensive prior work with Geological Survey of Finland (GTK) and specifically with this intrusive complex, has an in depth understanding of its metallogenic relationships.
The LK Project consists of the Kaukua, Lipeävaara and Haukiaho Zones for a combined surface area of over 3,750 hectares and covers a PGE+ Au - Cu-Ni mineralized Marginal Series hosted within a sequence of mafic and ultramafic layered intrusions. The Company will begin a large drill programme to delineate and expand the existing mineral resource. Finore believes that the LK Project can host several large - tonnage PGE + Au - Cu-Ni deposits amenable to low cost open pit methods.
In addition, the Company has granted 450,000 incentive stock options to an officer and director of the Company pursuant to the Company's stock option plan. The options are exercisable at $0.46 per share and will expire on October 3, 2016.
About Finore Mining Inc.
Finore is currently earning an undivided 80% interest in and to certain exploration claims known as the Lantinen Koillismaa project. Finore will continue to focus its attention on identifying and evaluating opportunities for the acquisition, exploration, and if warranted, development of a mineral resource property of merit. The Company is well funded with approximately $3.5 million in cash and approximately 38.4 million shares issued and outstanding.
For more information please visit the Company's website at www.finoremining.com.
On behalf of the board of directors of Finore Mining Inc.,
FOR MORE INFORMATION, PLEASE CONTACT:
Peter Hughes, CEO
The CNSX does not accept responsibility for the adequacy or accuracy of this release.