Fiore Gold Inc.

Description

Fiore Gold Inc. is a junior mining and exploration company with a focus on precious metal properties, specifically gold. The headquarters of the company is situated in Englewood, United States. Fiore Gold is a publicly listed company on the TSX Venture Exchange, and the common shares of the company are traded under the ticker symbol F. In addition to the TSXV, the gold miner is also listed on the OTCQB market, with its common stock trading under the stock symbol FIOGF.

Fiore Gold Inc. operates three mineral projects:

• Pan Mine is a gold-producing project situated in east-central Nevada along the Eureka gold trend. Pan Mine is the flagship project and provides cash flow for the foundational growth of the company in the U.S. market. On June 30, 2020, the measured and indicated mineral resource estimates amounted to 31.13 million tons of gold at a grade rate of 0.47 g/t. The company expects to increase the gold production onsite.

• Gold Rock Project is a 20,300-hectare property at a rough distance of eight miles SE of the Pan Mine Project. GRP Gold Rock LLC., a 100 per cent owned subsidiary of Fiore Gold Inc., owns the project. It is a crucial project in terms of growth prospects as it could expand the production capacity of the company to more than 100,000 ounces of gold per year. The indicated resource estimates at the project site include approximately 19 million tons of gold at a grade rate of 0.66 g/t. The inferred category amounts to 2.7 million tons of gold at a grade rate of 0.87 g/t.

• The Golden Eagle Project is a 100 per cent owned project of the company, situated NNW of Republic town, in Ferry County, Washington. The project consists of high-grade underground veins. According to the technical reports, in May 2020, the measured and indicated resource category included 2 million ounces of gold and inferred resources included an additional 0.2 million ounces of gold resource.

Fiore Gold Inc. is also working on advancing its current projects to expand its production capacity to earn cash inflows and increase shareholders’ wealth. In a press release dated June 14, 2021, Fiore Gold Inc. signed a letter of intent to acquire a 100 per cent stake in the historic Illipah Gold Project, in White Pine County from Clover Nevada LLC.