VANCOUVER, BRITISH COLUMBIA--(Marketwire -11/28/11)- 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: (HTTP://WWW.NORTECMINERALS.COM/FILES/2011-02-22-NORTEC-LKPROJECT.PDF) and the Technical Report; (HTTP://NORTECMINERALS.COM/FILES/NI43-101-TECHNICAL-REPORT-EX-APPENDICES-LK-PROJECT.PDF)
Both documents are also filed on SEDAR. The Company has not reviewed nor verified the data and cannot confirm its accuracy.
Ian Laurent, MSc., P.Geo, President, CEO and director of the Company and a Qualified Person as defined by NI 43-101, prepared this news release.
About Finore Mining Inc.
Finore is currently earning an undivided 80% interest in and to certain exploration claims known as the LK 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.
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 and Director
FORWARD LOOKING STATEMENTS: The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information. Neither the CNSX Regulation Services accepts responsibility for the adequacy or accuracy of this release.
The CNSX does not accept responsibility for the adequacy or accuracy of this release.