Economic network

Galore Resources provides update on drilling program

VANCOUVER, BC /ACCESSWIRE/September 6, 2022/ Galore Resources Inc. (TSX-V: GRI)(OTCQB: GALOF) is pleased to provide an update on the San Jose drilling program at the Company’s Dos Santos project in Mexico.

Three diamond drill holes were completed in the San José area, which is located on the northern part of the Dos Santos project. These three holes are SJ20, SJ21 and SJ22. At the end of the SJ21 hole, the Galore geological team decided to execute an additional hole, the SJ22, to be able to extend the explored area towards the SE, due to the enormous evidence of mineralization of the rock mapped on the surface. and found along hole SJ21. Hole SJ20 was projected to the SE intersecting the area with the greatest evidence of alteration and mineralization along the main NE-SW and NS structures present in the southern part of San José.

Fortunately, we had great success with these three diamond drill holes, with intersections confirming the extension of the NS and NE-SW structures previously cut during the last drilling campaign of 2009.

Highlights of SJ 20, SJ 21 and SJ22 holes















Hole

From (m)

to M)

Length (m)*

At (ppm)

Ag (ppm)

Ba

(%)

bp

(%)

SJ 20

39.00

40.20

1.20

2.26

1%

119.7

120.55

0.85

2.06

0.90%

SJ 21

25:20

27:00

1.80

3.69

27:00

27.70

0.70

0.793

27.70

29.00

1h30

0.592

SJ 22

52.00

53.00

1.00

0.202

45.10

55.00

56.00

1.00

0.408

66.60

56.00

57.00

1.00

0.072

47.00

58.00

59.00

1.00

0.048

86.00

1.20%

59.00

60.00

1.00

0.033

24.9

65.00

66.00

1.00

1.385

10.05

These results are very encouraging, in correlation with the previous results, from the surface geochemistry, and identical to the geochemistry of the 2009 Reverse Circulation campaign. We have the scenario of thin structures having gold that extends for 700 meters, intersected in the first 200 meters of depth at holes 2S-06, 2S-07, 2S-08, 2S-10 and 2S-12 ( Reverse Circulation Campaign, 2009). On the surface channel samples that have significant gold values, (A sample of 208 ppm Au @ 0.50 meters in old work), all above, located in a band trending North-South. We have programmed holes in the area which are intended to test the continuity and extension of this mineralized system and begin with the calculation of resources in the San José area. In addition to the above and according to the epithermal models, we have a chance to find at depth, better gold and silver values, due to better preparation of the host rock and the geochemical assemblage obtained today. hui, which shows a weak to intermediate sulphidation epithermal system.

Junior mining network

Qualified person

Dr. Julio Pinto Linares holds a Ph.D. in Geological Sciences with a specialty in Economic Geology and Qualified Professional No. 01365 by MMSA and is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release presented by Galore Resources Inc.

On behalf of the Board of Directors, I am respectfully yours,

MMichael McMillan,
President and CEO

For more information on Galore Resources,

Please visit the Company’s website at www.galoreresources.com or contact the company’s chief financial officer and vice president of corporate communications, Drew McMillan, by phone (210-325-7971) or email (This email address is protected from spam. You need JavaScript enabled to view it.).

About Galore Resources

Galore Resources is a mineral exploration and development company whose objective is to make and develop significant mineral discoveries, supported by a sustainable business model. Our goal is to discover a world-class gold deposit in Mexico. Our flagship project is located in the heart of the Concepcion del Oro mining district, the Dos Santos project, which covers two known historical gold zones, follows the trend with Newmont’s Penasquito mine and is based on drilling, trenching and geophysical surveying. airborne. , has the potential to host several large tonnage gold deposits.

Neither the 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.

CAUTION REGARDING FORWARD-LOOKING INFORMATION: This press release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws. All statements included in this press release, other than statements of historical facts, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect “, “potential”, “objective”, “budget” and “intent” and statements that an event or result “may”, “will”, “should”, “might” or “could” occur or be achieved and other similar expressions, including their negative forms.

Forward-looking statements in this press release include, but are not limited to, statements regarding management’s expectations regarding Oztoc’s ability to finalize pending government permits, resume precious metals refining, install updated equipment and to bring the Duranzillo mine back to full production, as well as the Company’s ability to conduct a drilling program on its Mexican mining properties and the timing thereof, potential deposits, targets and mineralization on the properties and the expected receipt and timing of necessary governmental or third-party approvals and permits.

This forward-looking information reflects management’s current beliefs and is based on a number of estimates and assumptions made by the Company and on information currently available to it which, while believed to be reasonable, is subject to known risks. and unknowns, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that this forward-looking information does not constitute a promise or guarantee and is subject to known and unknown risks and uncertainties, including, but not limited to, delays in obtaining approvals and permits. government or third parties, actual results of exploration activities, geological formations, unanticipated structures and features, environmental risks, future prices of base metals and other metals, operating risks, accidents, labor issues and other risks in the mining industry as well as general business, economic, competitive, political and social uncertainties, uncertain stock and capital market volatility and lack of available capital. There can be no assurance that the Company will obtain the necessary permits and successfully complete the proposed technical and drilling program at San Jose and El Alamo as currently contemplated or at all. Additionally, there is uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company’s operations, supply chains, ability to access mineral properties , to perform due diligence or procure equipment, contractors and other personnel on a timely basis or not at all and economic activity in general. All forward-looking information contained in this press release is qualified by these cautionary statements and those contained in our continuous disclosure documents available on SEDAR at www.sedar.com. For OTCQB quotes and filings, please visit www.otcmarkets.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.