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Finore Confirms Continuity of PGE & Gold Mineralization Along Strike at Haukiaho
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VANCOUVER, BRITISH COLUMBIA--(March 12, 2012) - FINORE MINING INC. (CNSX:FIN) (the "Company" or "Finore") is pleased to announce further results from the Companys initial drill programme on the Lntinen Koillismaa palladium-platinum-gold-copper-nickel project (the "LK Project") in north central Finland.
Highlights include:
25.0 metres @ 0.72g/t PGE+Au; 0.23% Cu; 0.18% Ni from 66m (Hole HAU11-010)
28.0 metres @ 0.66g/t PGE+Au; 0.23% Cu; 0.18% Ni from 56m (Hole HAU11-008)
including 5.0 metres @ 1.03g/t PGE+Au; 0.28% Cu; 0.30% Ni from 57m
These drill results continue to confirm the palladium-platinum-gold-copper-nickel ("PGE+Au-Cu-Ni") mineralization on the Haukiaho Target ("Haukiaho"), situated in the southern part of the LK Project. Drilling began in November 2011 focussing on the central-western mineralization at Haukiaho, known as the Torkoaho Zone. To date, a total of 17 holes have been geologically and geotechnically logged with zones of potential mineralization selected for sampling and assaying. Prior to the beginning of this drill campaign; the Torkoaho Zone had a total of 7 historic drill holes that were scattered along a strike of 1 km. A significant portion of the current 10,000 metre ("m") Phase V drill programme at LK has been designed to target the 3,700m strike and down-dip extension of mineralization at Haukiaho to upgrade the Inferred Mineral Resource estimated by WGM as part of the NI43-101 technical report submitted to Finore (see Finore news release dated January 16, 2012).
Finores CEO, Ian Laurent, comments, "We are pleased to see the continuity of mineralisation along strike at Torkoaho. These results from Hole 5 to Hole 10 confirm the PGE-gold mineralisation in the top 150 metres for a strike of 1 km. We look forward to receiving the remaining results from Torkoaho in the next few weeks. The drill rig has now moved east onto the Melarme zone, which is along strike at Haukiaho."
Drill results have been received for palladium, platinum, gold, copper and nickel for holes Hau11-005 ("Hole 5"), Hau11-006 ("Hole 6"), Hau11-007 ("Hole 7"), Hau11-008 ("Hole 8"), Hau11-009 ("Hole 9"), Hau11-010 ("Hole 10"), and Hau11-011 ("Hole 11"). Drill results are shown below in Table 1. Nickel results are total Nickel contained in both sulphides and silicates. Analytical studies have been commissioned to determine the weighted average nickel content in sulphides. Drill hole collar locations are shown below in Table 2.
TABLE 1: Best Intercepts of PGE + Au-Cu and Ni - Phase V drilling at Haukiaho - Torkoaho
Hole_ID
From
(m)
To
(m)
Interval
(m)
Pd
g/t
Pt
g/t
Au
g/t
PGE + Au
g/t
Copper
%
Nickel
%
Hau11-001^
hole
Abandoned
Hau11-002^
58.0
102.0
44.0
0.48
0.18
0.15
0.80
0.28
0.19
Including^
84.0
97.0
13.0
0.71
0.27
0.17
1.15
0.38
0.27
Hau11-003^
NSI
NSI
NSI
NSI
NSI
NSI
NSI
NSI
NSI
Hau11-004^
114.0
126.0
12.0
0.38
0.14
0.12
0.64
0.20
0.14
Including^
114.0
119.0
5.0
0.63
0.23
0.19
1.05
0.33
0.24
Hau11-005
157.95
165.00
7.05
0.52
0.18
0.18
0.88
0.37
0.25
Including
159.00
163.00
4.00
0.69
0.25
0.25
1.19
0.52
0.33
Hau11-006
57.00
71.00
14.00
0.24
0.09
0.09
0.43
0.22
0.12
Including
58.00
60.00
2.00
0.62
0.23
0.24
1.10
0.28
0.30
Hau11-007
162.00
164.00
2.00
0.24
0.09
0.06
0.38
0.13
0.12
Hau11-008
56.00
84.00
28.00
0.40
0.15
0.10
0.66
0.23
0.18
Including
57.00
62.00
5.00
0.66
0.23
0.13
1.03
0.28
0.30
Hau11-008
89.00
99.00
10.00
0.46
0.19
0.15
0.79
0.33
0.24
Hau11-009
109.00
121.00
12.00
0.34
0.12
0.14
0.60
0.22
0.16
Hau11-009
132.00
149.00
17.00
0.38
0.15
0.04
0.56
0.13
0.15
Hau11-010
38.00
41.00
3.00
0.59
0.29
0.18
1.05
0.26
0.23
Hau11-010
43.00
62.95
19.95
0.37
0.15
0.13
0.65
0.23
0.17
Hau11-010
66.00
91.00
25.00
0.41
0.16
0.15
0.72
0.23
0.18
Hau11-011
NSI
NSI
NSI
NSI
NSI
NSI
NSI
NSI
NSI
NOTES: Pd - palladium; Pt- platinum; Au - gold; Cu - copper; Ni - nickel
g/t - grams/tonne; ppm - part per million; lower cut-off grade = 0.3g/t PGE+Au;
Internal waste = 2m; NSI = No Significant Intercept; (m) = metres; Hole Hau11-001 was NOT sampled;
Based on current geological interpretation results are true widths. ^ = included for completeness.
TABLE 2: Drill Hole Collar Locations - Phase V drilling at Haukiaho - Torkoaho
Hole_ID
Easting
(m)
Northing
(m)
Elevation
(m)
Total
Depth (m)
Dip
Azimuth
Hau11-001^
3546304
7307507
240
45.60
-55
195
Hau11-002^
3546304
7307497
240
110.60
-55
195
Hau11-003^
3546387
7307433
240
122.00
-55
195
Hau11-004^
3546506
7307453
240
144.40
-55
195
Hau11-005
3546607
7307455
240
188.60
-55
195
Hau11-006
3546673
7307344
240
107.20
-55
195
Hau11-007
3546708
7307439
240
278.80
-55
195
Hau11-008
3546773
7307325
240
113.50
-55
195