VanEck Vectors Global Alternative Energy ETF Bjorkdal Gold Mine, Sweden -- Project ... by 24hgold

Mots clés associés : Bismuth | Copper | Zinc |

Re: News Releases - Wednesday, April 09, 2008
Title: Bjorkdal Gold Mine, Sweden -- Project Update

Gold-Ore Resources Ltd. (the "Company") is pleased to provide a summary of activities at the Bjorkdal Gold Mine in Sweden during the first 3 months of 2008. Additional corporate information including Audited Financial Statements and MD&A for the year ending November 30, 2007 is available on the Company's web site and at www.sedar.com.

Highlights for first 3 months of 2008 include:

Increased gold production to an annualized rate of 25,300 ounces of gold
Completed 700 metres of underground tunnels
Continued test mining in two stopes
Completed a NI 43-101 compliant resource estimate
Re-logged and assayed historical diamond drill holes

Bjorkdal Gold Production

The Company is reducing feed from the low-grade stockpiles and increasing higher-grade feed from underground and the open pit. Currently the mine produces gold from material sourced from underground (1,000 tonnes/day), open pit (1,300 tonnes/day) and surface stockpiles (1,100 tonnes/day). The Company is actively reviewing several areas in the open pit where the recently completed resource estimate indicates potential to provide mill-feed at the rate of 1,300 to 1,700 tonnes per day.

The Bjorkdal plant is in very good operating condition and is capable of maintaining 3,400 tonnes/day through-put indefinitely with normal maintenance and minimal upgrades.

Exploration Results

Complete results have now been received from the wide spaced diamond drill program conducted in the Central Tunnel. The table at the end of this release lists the most significant results from holes not previously reported. A complete list of Central Tunnel results with intercepts greater than 5 gram-metres will be posted on the Company's web site. A new diamond drill contract has been signed and infill drilling in the Central Tunnel has started. Mining plans for this sector of the resource are being developed. Because of the wide spread mineralization, this area may be amenable to bulk underground mining techniques.

Hole 2007-108 is an off-section hole, drilled from the end of the Central Tunnel to test the extension of the mineralization towards the north. The results from the Company's drilling, together with historical results, confirm that the mineralizing system extends for at least an additional 200 metres to the north beyond the current underground development.

In 1995, eight diamond drill holes tested the strike extension of the gold bearing system for a distance of 400 metres west of the open pit. Although these holes intersected numerous quartz veins, some containing visible gold, they were not assayed. The Company re-logged and sampled these holes. Assays are pending.

Tellurium

Gold mineralization at Bjorkdal is directly associated with tellurium, tungsten and bismuth. Significant quantities of tellurium are found in the Bjorkdal ore. Gold-Ore continues to investigate the by-product sales potential for this specialty metal. Samples collected from the plant of concentrates and tailings were submitted to ALS Chemex for tellurium analyses. Results are expected within a few weeks.

Vallberget Property

The Company signed a contract for an airborne geophysical survey for the Vallberget Project, a volcanogenic massive sulphide target in the historic Bergslagen mining district in central Sweden. Wide spread zinc and copper mineralization has been identified on the property. Ground follow-up in planned for the third quarter.

Corporate Finances

The cash flow from gold sales from Bjorkdal offsets the development and exploration expenditures at the mine, helping to preserve the Company's treasury. Effective January 1, 2008, the Company will consolidate the financial results with Bjorkdalsgruvan AB. The consolidated financial statements for the first quarter will be released before the end of April, 2008.

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.

Glen Dickson,
Chairman

Significant Intersections from the Central Tunnel

Hole Number	Section	Azimuth	Dip	From (m)	To (m)	Interval (m)	True Width (m)	Au Grade (g/t)
2007-82	210W	330	-20	42.0	44.0	2.0	1.88	19.38
				96.0	97.0	1.0	0.94	199.5
2007-85	210W	150	14.5	17.0	19.1	2.1	2.00	28.59
2007-88	150W	150	40	5.0	6.0	1.0	0.77	60.90
2007-90	150W	150	-4	12.3	13.3	1.0	1.0	33.90
2007-96	150W	330	-14	17.0	22.7	5.7	5.5	9.75
			Incl.	20.0	20.9	0.9	0.87	46.70
				47.3	53.0	5.7	5.5	14.04
			Incl.	49.0	50.0	1.0	0.97	71.30
2007-99	120W	330	-24.1	31.1	32.0	1.0	0.91	+300.00
2007-103	100W	330	-18	7.4	10.7	3.3	3.1	9.73
				99.7	104.3	4.6	4.4	9.13
			Incl.	103.7	104.3	0.3	0.28	63.10
2007-105	100W	150	0.8	26.0	27.0	1.0	1.0	97.90
2007-109	240W	330	-17	1.0	11.0	10.0	9.6	3.17
				15.0	31.0	16.0	15.3	3.41
2007-108	100W	35.6	-30.6	3.0	4.0	1.0	Not True Width	59.40
				22.7	23.9	1.2		13.89
				63.3	64.0	0.7		9.39
				73.5	74.6	1.1		7.61
				88.9	90.7	1.8		4.33
				119.0	120.0	1.0		9.13
				123.3	125.7	2.4		5.34
				150.0	151.0	1.0		18.30

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.

Légende
	Production
	Mine développement
	Découverte
	Exploration
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