FIORE GOLD LTD. provided an operational update on its Pan Mine in White Pine County, Nevada. Mine production in September totaled 445,228 tons of ore and 411,402 tons of waste, already exceeding its targeted ramp-up to 14,000 tons per day (tpd) of ore by January 2018, and a significant step up from the 10,425 tpd of ore mined in August. Gold production for September was 1,602 ounces, an increase of over 160% from the previous month. Both ore and gold production have set a new record for the Pan Mine since mining was restarted in March of 2017. As in any heap leach operation, increases in gold production will lag behind ore production, so the company expects to see further increases in gold production in October as a result of September's increased ore production. In conjunction with the increase in mining rates, work is advancing rapidly on the Phase II Leach Pad expansion, which will add approximately 15 million tons of leach pad capacity at Pan. As of October 27, 2017, the crews had installed approximately 50% of the HDPE lining, and had begun placing the coarse over- liner material and solution piping.

The company is targeting a steady-state mining rate of 14,000 tons of ore per day by January 2018, with projected gold production of 35-40,000 ounces in fiscal 2018 (October 2017 through September 2018).