VANCOUVER, BC / ACCESSWIRE / December 10, 2019 / FIORE GOLD LTD. (TSXV:F)(OTCQB:FIOGF) ('Fiore' or the 'Company') is pleased to announce the first results from the 2019 drill program at its Pan Mine in Nevada. This drill program is part of a long-term program aimed at expanding the resource and reserve base and extending the mine life.

The twenty-six holes reported here were drilled at several locations around the main North Pan and South Pan pits, as well as the smaller Syncline and Black Stallion satellite pits (Figure 1). The holes were intended to test the potential to expand the existing oxide reserves both at depth and laterally beyond the current reserve boundaries. The most recent Proven and Probable reserve estimate shows 318,000 gold ounces at an average grade of 0.51 g/t gold (0.015 oz/ton), with reserve cutoff grades of 0.21 g/t gold for the North and Central pits and 0.14 g/t gold for the South Pit.

Highlights from these initial twenty-six holes include:

• North Pan Area
  • Hole PR19-005 returned 35.1 metres of 0.64 g/t gold
  • Hole PR19-006 returned 12.2 metres of 1.16 g/t gold
  • Hole PR19-009 returned 38.1 metres of 0.79 g/t gold
• South Pan Area
  • Hole PR19-019 returned 36.6 metres of 0.50 g/t gold and 48.8 metres of 0.57 g/t gold in two separate but closely spaced intercepts
  • Hole PR19-020 returned 53.3 metres of 0.41 g/t gold
  • Hole PR19-024 returned 21.3 metres of 0.63 g/t gold

Tim Warman, Fiore's CEO commented, 'We're very pleased with the results from both the North and South Pan areas, with several thick intercepts of oxide material with gold grades at or above the average reserve grades. It's especially encouraging to see such shallow intercepts in the North Pan area, and we're hopeful that we can bring these into an updated resource and reserve estimate and mine plan scheduled for completion in 2020.'

Results

Significant results for the twenty-six holes reported here are shown in the table below:

Hole	Target	From (m)	To (m)	Length (m)	Grade (g/t Au)
PN19-001	Syncline	16.8	19.8	3.0	0.31
PR19-002	North Pan	64.0	73.2	9.1	0.41
PR19-003	North Pan	73.2	86.9	13.7	0.26
PR19-004	North Pan	no significant intercepts
PR19-005	North Pan	1.5	36.6	35.1	0.64
and		42.7	54.9	12.2	0.49
PR19-006	North Pan	9.1	21.3	12.2	1.16
PR19-007	North Pan	16.8	19.8	3.0	0.34
and		44.2	59.4	15.2	0.77
PR19-008	North Pan	21.3	38.1	16.8	0.27
PR19-009	North Pan	32.0	70.1	38.1	0.79
PR19-010	North Pan	51.8	54.9	3.0	0.28
and		61.0	65.5	4.6	0.22
PR19-011	North Pan	no significant intercepts
PR19-012	Syncline	22.9	30.5	7.6	0.25
and		45.7	50.3	4.6	0.51
PR19-013	Syncline	no significant intercepts
PR19-014	Syncline	no significant intercepts
PR19-015	North Pan	32.0	41.1	9.1	0.35
and		45.7	48.8	3.0	0.45
and		53.3	62.5	9.1	0.35
and		79.2	82.3	3.0	0.28
PR19-016	North Pan	13.7	16.8	3.0	0.24
and		51.8	56.4	4.6	2.45
PR19-017	North Pan	64.0	67.1	3.0	0.45
PR19-018	North Pan	53.3	62.5	9.1	1.41
and		74.7	82.3	7.6	0.21
and		89.9	93.0	3.0	0.24
and		99.1	103.6	4.6	0.21
PR19-019	South Pan	15.2	22.9	7.6	0.33
and		30.5	33.5	3.0	0.67
and		41.1	77.7	36.6	0.50
and		83.8	132.6	48.8	0.57
and		140.2	143.3	3.0	0.23
and		166.1	175.3	9.1	0.39
PR19-020	South Pan	56.4	59.4	3.0	0.20
and		68.6	74.7	6.1	1.05
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