Toronto, Ontario – April 6, 2020 – Power Ore Inc. (“Power Ore” or the “Company”) (TSX.V: PORE) is pleased to provide an update to its February 28, 2020 News Release detailing its agreement with 2736-1179 Quebec Inc. to acquire the past producing Robitaille (Copper) and Cooke (Gold) Mines, both former Falconbridge mines.
This acquisition will increase the Opemiska Copper Complex property from 797 hectares to 9,852 hectares. This new land package is contiguous to the Springer and Perry Mines as well as Yorbeau Resources’ Scott Lake deposit, and covers ~12KM of the Gwillin Fault, a key structural feature controlling regional mineralization providing for significantly more exploration potential.
Update on the Property’s NI 43-101 Technical Report.
As part of the transaction, Power Ore is committed to completing a NI 43-101 Technical Report for the Robitaille & Cooke properties, which will be delivered contemporaneous with closing. Given current Quebec travel restrictions due to the COVID-19 sitation, the logistics behind completing this report is taking longer than anticipianted. Power Ore is working to complete this report as expeditiously as possible under the current circumstances and will keep shareholders informed.
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo, Director and Vice President Exploration for PowerOre Inc., who is a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.” Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Power Ore is a trade name of PowerOre Inc.
For information and updates on Power Ore, please visit: www.powerore.com
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To speak to the Company directly, please contact:
Stephen Stewart, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Power Ore is a trade name of PowerOre Inc. PowerOre Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to PowerOre Inc. Additional information identifying risks and uncertainties is contained in filings by PowerOre Inc. with Canadian securities regulators, which filings are available under PowerOre Inc. profile at www.sedar.com.