Fiore Exploration Begins Drilling Program at Cerro Tostado

Fiore Exploration (TSXV: F.V) (OTCQB:FIORF) (“Fiore” or the “Company”) announces the commencement of a combined diamond and reverse-circulation (“RC”) drilling program at its Cerro Tostado project in Chile, following up on high-grade epithermal silver veins previously intersected by three of eighteen holes drilled between 2010 and 2012 by Sociedad Quimica Y Minera de Chile SA (“SQM”). Cerro Tostado is located just south of the main and Florida zones of Yamana Gold’s flagship El Peñon Mine and equipment for the drilling program is currently mobilizing to site.
The initial program will consist of approximately 3,000 m of diamond drilling and 1,500 m of RC drilling. The diamond drilling program will target the mineralized SQM structures, which are now much better understood following detailed field mapping and ground geophysical surveying carried out earlier this year. The RC holes will target a possible copper porphyry that was discovered during field mapping and geophysical surveys in the southwestern portion of the concession area.
Fiore’s CEOTim Warman commented:

“We’re looking forward to seeing the first drill core from the high-grade silver intercepts encountered by SQM’s RC drilling program, and we’re also encouraged by the higher silver grades from the re-assaying program. Previous drilling was done entirely by RC, so the mineralisation wasn’t really well understood. By using oriented core, we’ll be able to better characterize the mineralized zones and design a follow-up program for resource definition drilling.
The porphyry copper target we’ll be testing is an added bonus, something we discovered through mapping and geophysical surveys. Once the drilling at Tostado is complete, the plan is to move the rigs back to Pampas El Peñon to follow up some additional targets there.”

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