News Release: 2011-11-28
Finore Mining Inc.: Drilling Begins on the LK Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Nov. 28, 2011) - FINORE MINING INC. (CNSX: FIN) (the "Company" or "Finore") is pleased to announce that it has begun drilling on the Lantinen Koillismaa palladium-platinum-gold-copper-nickel project (the "LK Project") as part of the Option Agreement with Nortec Minerals Corp. ("Nortec") to earn-in an 80% interest in the property (see Finore news release dated September 21, 2011).
Finore signed a 10,000 metre contract with a Finnish drill contractor, Nivalan Timanttikairus Oy ("Nivalan") in October to carry out the Company's first drill program on the LK Project (see Finore news release dated October 24, 2011). Nivalan has already drilled over 8,000 metres on the LK Project back in 2008 and 2009.
The first drill hole (HAU11-001) has been collared in the western extents of the Haukiaho Prospect, situated in the southern part of the LK Project. This drill program has been designed to optimise the drilling during the winter months and will target, a) the 3,700 metre strike and down-dip extension of the mineralisation at Haukiaho; and, b) mineralisation within high-grade embayment zones identified down-dip at Kaukua.
The principal aim of this drill program is to increase the known Inferred Mineral Resource(i) at both the Haukiaho and Kaukua prospects that was estimated by Watts, Griffis and McOuat ("WGM") as part of the NI43-101 technical report submitted to Nortec in March 2011 (report is filed on SEDAR).
Finore's CEO, Ian Laurent, comments, "We are excited that drilling has commenced on this project. Results from this drill campaign should continue to increase the existing, combined Mineral Resource(i) at Haukiaho and Kaukua, increasing the value of the project, and, in turn, the value of the Company as it aims to complete its 80% earn-in on the property".
(i)The technical information in this news release regarding the LK Project has been obtained from Nortec's news releases:
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.,
Peter Hughes, Chairman
FOR MORE INFORMATION, PLEASE CONTACT:
Finore Mining Inc.
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