Kore Mining Ltd (CVE:KORE) CEO Adrian Rothwell shares details of the company’s new project sites, acquired through a recent reverse takeover. The two new projects acquired in California are ready for mining to commence, while the projects in British Columbia require further exploration. Kore Mining has completed a drilling program at its Gold Creek site that features an 8.5 km trend of low-levels of arsenic in the soil, which the company has found to be an indicator of gold mineralization. Rothwell suggests that the price of gold is inversely correlated with the US stock market and notes that gold prices will increase as the US economy slows. Rothwell believes that a sound mining investment relies on two things: discovery and asset acquisition at low valuation, cautioning retail investors who are new to the mining space to consider these facts when evaluating companies.
Transcript:
James West: Welcome back. My guest this segment is Adrian Rothwell, CEO of Kore Mining Ltd., trading on the TSX Venture under the symbol KORE. Adrian, welcome.
Adrian Rothwell: Thank you.
James West: Adrian, to be a mining guy these days is truly a labour of love, but you have been at it for 24 years, you were saying?
Adrian Rothwell: That’s right, so it is a labour of love, and the most recent five years have been testing, for sure, in the gold sector.
James West: Uh-huh. But you’ve managed to put together quite an assembly of assets, and they look quite promising from a former mining enthusiast’s perspective. Tell me about the flagship projects and the rest of them, too.
Adrian Rothwell: Sure. Well, Kore, we just listed in the last week – symbol KORE, through a reverse takeover, and through that we have four projects o