The news release mentions that it is anticipated Fiore will acquire GRP Minerals, thus gaining ownership of the former Midway Gold assets. Trading in Fiore Exploration shares was halted on June 12, 2017, and the business combination of Fiore Exploration and GRP Minerals was announcedВ on June 15, 2017. Strong and experienced heap leach management has been brought on by advisor Paul Matysek to get a firm grip on production at Pan and future development, and further acquisitions of producing assets are possible.ДЄll pictures are company material, unless stated otherwise. Now, however, those earlier-stage projects in Chile will be underpinned by development and production from the new Nevada assets. The agreement to combine with GRP Minerals has transformed Fiore from a quiet explorer into a developing producer with exploration assets. I spoke extensively with Warman while preparing this article. The new entity will be named Fiore Gold, and Fiore Exploration CEO Tim Warman will stay on as CEO. The demise of Midway Gold is a whole other story, one I will touch on later. Midway had spent more than US$100 million constructing the Pan mine but in the end failed to execute. GRP bought Pan and other Midway Gold assets for US$5.5 million and spent another US$18 million on upgrading and restarting the operation. Earlier this year, Fiore began exploring the idea of merging with GRP Minerals, a private company ramping up the Pan heap leach operation in Nevada.

Fiore completed some drilling on the Pampas El PeГ±on project in Chile and an IP survey on the newly acquired Cerro Tostado.Д«ut behind the scenes, things were in motion. (F:TSX.V FIORF:OTCQB), a new company backed by Frank Giustra, and it has been a relatively quiet six months. In December 2016, I introduced Fiore Exploration Ltd.

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