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Bjorkdal Gold Mine - Purchase Closes
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Gold-Ore Resources Ltd. (the "Company") is pleased to announce that it
has completed the purchase of 100% of the issued shares of
Bjorkdalsgruvan AB -- the Swedish company that owns the Bjorkdal Gold
Mine. The assets of Bjorkdalsgruvan includes a fully operational 3500
tonne/day gold processing plant with a replacement value of US$40
million, all associated mineral resources, working capital of CDN$1.5
million, and 43 square kilometres of prime exploration territory.
Minmet plc the vendor retains a 1.75% net smelter interest on the gold
produced from the property.
Bjorkdal produced approximately 19,200 ounces of gold during 2007. Gold
production is primarily from surface stockpiles supplemented from
underground exploration workings. The Company's goal is to expand
underground mining to 1500 tonnes per day during 2008.
Within the next two weeks, the Company will release a summary of its
2007 activities and the 2008 exploration plans.
For more information please contact Glen Dickson or Bob Wasylyshyn at
(604) 687-8884. Bjorkdal property information is posted on the
Company's web site at www.goldoreresources.com Robert S. Wasylyshyn; P.
Geo. is the Company's Qualified Person for the Bjorkdal Project.
ON BEHALF OF THE BOARD
Glen Dickson, Chairman
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This news
release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.
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Copyright (c) 2008 GOLD ORE RESOURCES LTD. (GOZ) All rights reserved.
For more information visit our website at
http://www.goldoreresources.com/ or send
mailto:info@goldoreresources.com
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