InvestmentPitch Media Video Discusses Orford Mining’s Updates of its $9 Million 2022 Exploration Program, Focusing on High-Grade Gold/Nickel Projects in Quebec
07 Abril 2022 - 5:00AM
Orford Mining Corporation (TSXV:ORM) has provided an update on its
exploration property portfolio, which will be Orford’s most active
year. The company has more than $9 million in planned exploration
spending, including 7,500 metres of diamond drilling over three
properties.
For more information, please view the
InvestmentPitch Media video which provides additional information
about this news and the company, along with video comments by David
Christie, President and CEO, of Orford Mining. The video is
available for viewing on “InvestmentPitch” and on
“YouTube”. If these links are not enabled, please
visit www.InvestmentPitch.com and enter “Orford”
in the search box.
Orford's principal assets are located in two areas
of the Cape Smith Belt in the Nunavik region and the Joutel region
of the Abitibi district.
The Qiqavik and West Raglan projects comprise a
land package totaling over 105,000 hectares in Northern Quebec. The
Qiqavik Project hosts several new high-grade gold discoveries along
a mineralized trend in excess of 40 km. The West Raglan project
hosts a number of high-grade Raglan-style nickel/copper/platinum
group metal discoveries along a 50 km mineralized trend.
Orford has acquired four property positions
(Joutel-Eagle, McClure East, Joutel-South and Joutel-Omega)
totaling 26,815 hectares in the Joutel region of the Abitibi
district of northern Quebec, which hosts several historical
deposits. On November 30, 2021, Orford announced an option to
acquire 100% of the 50 square kilometre Joutel Eagle Project from
Globex Mining Enterprises Inc.
Orford is currently in the middle of its first
drilling program at its Joutel Eagle project. The drilling program
follows a digital compilation of the historic work that had been
completed on the project. The focus of the current 1,500 metre
drill program is the "South Gold Zone" which contains a steeply
dipping gold bearing veins with grades of up to 6.4 g/t gold over
2.7 metres in historic drilling that is open at depth. The "South
Gold Zone" has a strike length of approximately 700 metres and is
partially tested to a depth of 500 metres below surface.
Two holes have been drilled to date, with the
third in progress in Phase 1. Drill hole 22-JE-001, was planned to
confirm the historical results intersected in drill hole 82-01
which reported 6.2 metres grading 3.0 g/t gold, including 2.7
metres grading 6.5 g/t gold. Drill hole 22-JE-002, intended to
confirm results encountered in the historical diamond drill hole
82-02 which reported 14.4 metres grading 1.6 g/t gold, including
2.6 metres grading 5.3 g/t gold.
Orford recently announced a 3,000-metre drill
program as part of a $3.5 million exploration program on its
Qiqavik property to test the Annick and Eric north south trends as
well as additional targets on the IP Lake and Interlake Structural
zones.
Orford recently received approval from its
partner, Wyloo Metals Pty Ltd for a $4.9 million exploration
program as part of Wyloo's earn-in to Orford's high-grade
Nickel-Copper-Platinum Group Metal West Raglan Property. The 2022
program will be focused on diamond drilling of between 2,500 to
3,000 metres to test newly defined targets. Historically, six
significant discoveries have been made on the property with the
best results being from the Frontier Zone, with five high grade
Nickel-Copper-Platinum Group Metal mineralized lens clusters over a
2,500-meter strike.
The shares are trading at $0.145. For more
information please visit the company’s website
www.OrfordMining.com, contact David Christie, President and CEO, at
647-255-8037 or email dchristie@OrfordMining.com.
Disclaimer
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video is for the viewers information only. Orford Mining has paid a
fee not exceeding $2,000 in cash to have its current news release
produced in video format. The corporate information is based on
information that is publicly available. Any information provided by
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Orford Mining (TSXV:ORM)
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