TORONTO, June 17, 2019 /CNW/ - Power Ore Inc. ("Power Ore"
or the "Company") (TSX.V: PORE) is pleased to release a webinar
detailing its June 14, 2019 drill
results and update on its drill program at the Opemiska Copper Mine
Complex.
Click Here to View the Power Ore Webinar which is available
any time
This brief webinar details what new information these first
three drill holes provide and what Power Ore is expecting on the
subsequent 20 holes whose results are pending. The webinar also
discusses the calculations that go into copper equivalent grades
and references global and Canadian average copper grades for open
pit mines.
Notable intersections from Power Ore's June 14 news release include:
- 1.41% copper equivalent over 58.1 metres starting at
49.9 metres down hole including 5.9% copper equivalent over 8.5
metres in hole OPM-19-02
- 0.72% copper equivalent over 23.6 metres starting at 51
metres down hole including 1.47% copper equivalent over 7.1 metres
in hole OPM-19-01 (Twinned Hole of Historical Falconbridge Hole
S-807)
- 0.24% copper equivalent over 79 metres starting at 33
metres down hole including 0.51% copper equivalent over 25.7 metres
in hole OPM-19-03 (at the rhyolite contact, previously thought to
be unmineralized)
Table 1: Summary of Significant
Mineralized Intersections on Opemiska Project.
Hole
ID
|
Grade
|
Interval
(m)
|
From
(m)
|
To
(m)
|
Copper Eq
(%)
|
Copper
(%)
|
Gold
(gpt)
|
Silver
(gpt)
|
Cobalt
(%)
|
Zinc
(%)
|
OPM-19-02
|
1.41%
|
0.82
|
0.69
|
5.08
|
0.01
|
0.04
|
58.1
|
49.4
|
107.5
|
INCLUDING
|
2.29%
|
1.96
|
0.24
|
11.57
|
0.01
|
0.08
|
10.8
|
49.4
|
61.3
|
AND
|
5.94%
|
2.87
|
3.85
|
16.63
|
0.02
|
0.09
|
8.5
|
99.0
|
107.5
|
|
|
|
|
|
|
|
|
|
|
OPM-19-01
|
0.72%
|
0.39
|
0.29
|
4.23
|
0.01
|
0.12
|
23.6
|
51.0
|
74.6
|
INCLUDING
|
1.63%
|
0.79
|
0.78
|
8.69
|
0.01
|
0.37
|
7.1
|
51.0
|
58.1
|
|
|
|
|
|
|
|
|
|
|
OPM-19-03
|
0.24%
|
0.15
|
0.06
|
3.20
|
0.001
|
0.03
|
79.0
|
33.0
|
112.0
|
INCLUDING
|
0.52%
|
0.34
|
0.15
|
6.10
|
0.002
|
0.02
|
25.7
|
33.0
|
58.7
|
*Copper Equivalent
("Cu Eq.") grade including copper, gold, silver, cobalt and zinc
based on 100% recoveries is calculated using the following
equation: Cu Eq. = [(Cu % x 20 x Cu price) + (Au grade / 34.2857 x
Au price) + (Ag grade / 34.2857 x Ag price) + (Co % x 20 x Co
price) + (Zn % x 20 x Zn price)] / (20 x Cu price). We used Cu, Au,
Ag, Co and Zn price of US$2.65, US$1,325 and US$14.75, US$15.00 and
US$1.15 respectively.
|
For information and updates on Power Ore, please
visit: www.powerore.com
And please follow us on Twitter @PowerOre
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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.
SOURCE Power Ore