X-Ore Resources: First Gold continues to expand gold at Croinor

    - New Resource Estimate to be undertaken in 2008 -

    VAL-D'OR, QC, Jan. 21 /CNW Telbec/ - X-Ore Resources (TSXV - XOR)
("X-Ore") is pleased to announced the latest results from First Gold
Exploration (EFG) 2007 diamond drilling program on the Croinor property
located 75 km east of Val-d'Or in the Abitibi region of Quebec (joint-venture
with X-Ore Resources Inc.). A total of 10,030 m of drilling was completed
during the year comprised of 8,409 m on the Croinor Mining Lease and 1,621 m
on surrounding claims versus an initial planned campaign of 5,000 m on the
Mining Lease and 1,500 m on the surrounding claims.
    The project has provided very encouraging results. In-fill drilling has
confirmed that the known mineralized zones located within 200 m from surface
can be extended and has lead to the discovery of new mineralized zones below
200 m from surface (holes CR07-331, 332A, 340A and 334). Results from these
drill holes were released previously. See map for surface location of the
holes on X-Ore web site. Cross-sections will be posted on the web site as they
become available. Latest results from the drill campaign comprise the

    Hole No.                         Interval (m)           Grade Au /Length
    CR07-337                      311.0 to 312.0          2.4 g/t over 1.0 m
                                  312.5 to 313.0         2.88 g/t over 0.5 m
                                  313.0 to 313.5         3.74 g/t over 0.5 m
                                  313.5 to 314.0         3.29 g/t over 0.5 m
                                  314.0 to 314.5         9.94 g/t over 0.5 m
                                  318.5 to 319.0         2.33 g/t over 0.5 m

    CR07-339                      248.0 to 251.0         4.35 g/t over 3.0 m
                                  259.5 to 261.5         4.27 g/t over 2.0 m
                                  269.5 to 270.2         2.74 g/t over 0.7 m

    CR07-340A                     245.5 to 246.0         2.81 g/t over 0.5 m
                                  270.5 to 271.0         5.28 g/t over 0.5 m
                                  271.0 to 271.5          7.1 g/t over 0.5 m

    CR07-341                          233 to 235           2.23 g/t over 2 m
                                      248 to 249           2.06 g/t over 1 m

    CR07-342                          149 to 150           2.23 g/t over 1 m
                                      201 to 202           3.46 g/t over 1 m

    CR07-343                          247 to 248          24.48 g/t over 1 m
                                      248 to 249           3.46 g/t over 1 m
                                      249 to 250           1.71 g/t over 1 m

    CR07-344                          266 to 267           1.03 g/t over 1 m
                                      271 to 272           7.61 g/t over 1 m

    CR07-346                          217 to 218           2.95 g/t over 1 m
                                      218 to 219           3.84 g/t over 1 m
                                      219 to 220           1.41 g/t over 1 m
                                      220 to 221           1.61 g/t over 1 m
                                      221 to 222          0.021 g/t over 1 m
                                      222 to 223           4.01 g/t over 1 m

    CR07-347                          206 to 207           5.86 g/t over 1 m
                                      246 to 247           3.94 g/t over 1 m
                                      249 to 250           3.36 g/t over 1 m

    Holes CR07-338 and CR07-345 returned no significant values.

    On the mining claims surrounding the Croinor Mining Lease, a total of
eight holes for 1,621 meters were drilled. Seven of these holes were drilled
on the Lac Bug showing located 1 km to the east of the Croinor Mining Lease
mainly to test the down-plunge mineralization below the 100 meter level.
Another hole was drilled to test for other targets with potential along the
Lac Bug structural corridor.
    Among the results was one hole returning 6 meters of 6.19 g/t Au (from 91
to 97 meters). Follow-up work on this mineralized horizon is being determined.
Preliminary indications are that the true widths of the mineralized intervals
are roughly equivalent to 50% of core lengths. Assays have not been cut.
    As a result of this positive development, First Gold has concluded that a
new resource calculation is warranted. An updated NI 43-101 report with
accompanying resource estimate will be prepared in 2008. In addition, drilling
is planned for completion on the mining lease consisting of both in-fill
drilling down to 300 meters and additional drilling along strike both east of
hole CR07-335 and west of hole CR07-347. As well, some targets on the claims
surrounding the Mining Lease are to be investigated. A scoping study is also
contemplated to assess the potential of underground access via a ramp on the
mining lease.
    All the samples were analyzed by Laboratoire Expert Inc. located in
Rouyn-Noranda, Quebec using fire assay of 30 grams pulp samples finalized with
atomic absorption. First Gold has implemented a QAQC program which includes
the use of standards, blanks and duplicate samples. Mr. Pierre O'Dowd, a
Qualified Person under NI 43-101 has revised and approved the technical
content regarding Croinor project. Mr. O'Dowd will supervise the field work
that will be executed on the project.

    About X-Ore Resources Inc.

    X-Ore Resources is a mineral exploration company with 18 properties
located in known gold regions of Mexico and Canada, including the prolific
Sierra Madre Gold Belt and the Val-d'Or region of Quebec.

    The TSX Venture Exchange does not accept responsibility for the accuracy
of this press release. This press release contains "forward-looking
statements" not based on historical facts. Forward-looking statements express,
as of the date of this press release, our estimates, forecast, projections,
expectations and opinions as to future events or results. Forward-looking
statements herein expressed are reasonable, but involve a number of risks and
uncertainties, and there can be no assurance that such statements will prove
to be accurate. Therefore, actual results and future events could differ
materially from those anticipated in such statements. Factors that could cause
results or events to differ materially from current expectations expressed or
implied by the forward-looking statements include, but are not limited to,
fluctuations in the market price of precious metals, mining industry risks,
uncertainty as to calculation of mineral resources and requirements of
additional financing and the capacity of the Company to obtain financing.

For further information:

For further information: www.x-ore.com or contact: Mr. Léon Méthot,
President and CEO, (819) 824-5422; Mr. Paul Goulet, Investor Relations, (514)
710-8290, gouletp@commgo.com; Mr. Richard Dufresne, Vice-president, (819)

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890