TORONTO, March 17,
2023 /CNW/ - Orford Mining Corporation (TSXV: ORM)
(Orford) is pleased to report that
it has completed the winter drill program on the Joutel Eagle
Property ("Joutel Eagle") located along the fertile Casa-Berardi
Structural Zone and historical Eagle-Telbel Mine Trend in the
Abitibi Greenstone belt. A total of 14 holes and 2,535 metres
(Table 1) have been drilled, including an additional 500 metres in
3 holes since reporting of the positive preliminary results from
drill hole 23-JE-004 on February 21,
20231 which returned grades of up to 28.7 g/t
gold over 0.32 metres included in an interval of 4.1 g/t
gold over 14.6 metres. These previously reported results are
from samples that were sent for rush analysis. All other
remaining assays are pending. Note that all drilling intervals are
down-hole lengths. True thicknesses cannot be estimated with
available information.
David Christie, President and CEO
of Orford, commented, "The 2023 drill campaign on our
Joutel Eagle property has successfully confirmed the 400 metre
strike of the South Gold zone. The program has also returned
the best grade results to date on the zone in a cross-cutting
structure which could be a game changer for the project's
economics. We eagerly await assay results for the completed
drilling and the detailed structural interpretation that will
follow."
The recently completed drill program has successfully
tested:
- a 400 metre-plus strike length of the South Gold Zone (Figure
1).
- the possibility of parallel mineralized zones to the north
(Holes 23-JE 006 & -007, Figure 1), similar to the presence of
the north mine horizon observed at the Eagle-Telbel Mine located 8
km to the southeast.
- possible cross-structures in the South Gold Zone observed in
the recently flown airborne magnetic-electromagnetic survey (Figure
1).
To date both the 20221 and preliminary
20232 drilling results have shown that the South Gold
Zone hosts higher grade gold over wider intersections than had
historically been reported. In addition, preliminary findings have
identified a new structural corridor oblique to the South Gold Zone
(Figure 1) that is coincident with zones of higher-grade gold
associated with an increase in quartz carbonate veining and pyrite
as observed in hole 23-JE-004 (Figure 1). A similar system is also
documented in holes 23-JE-014, 015, 006 and 007 (Figure 1, Table
1). Data was collected during the drill program with a core
orientation tool and a full structural interpretation will be
completed once all assays have been received and reported to
identify 1) additional targets in the South Gold Zone, 2) secondary
targets which may be associated with structures hosting higher
grades oblique to the South Gold Zone, and 3) other targets along
strike from the South Gold Zone to the northwest and southeast
along the Eagle mine horizon.
____________________________
|
1 Orford
Mining News Release dated February 21, 2023.
|
2 Orford
Mining News Release dated June 7, 2022.
|
|
Figure 1: Map of the Joutel Eagle South Gold Zone Showing New
Results and Completed Drilling. Note that all drilling
intervals are down-hole lengths. True thicknesses cannot be
estimated with available information. Information on adjacent
properties is not necessarily indicative of the potential on
Orford's Joutel Eagle
Property1,2
Table 1: Joutel Eagle: South Gold Zone Drill Hole
Coordinates (UTM NAD83 Zone 17)
Assay
Status
|
Hole
ID
|
X
|
Y
|
Length
(m)
|
Azimuth
|
Dip
|
Partial
|
23-JE-004
|
684302
|
5490470
|
195
|
30
|
60
|
Partial
|
23-JE-005
|
684216
|
5490520
|
159
|
30
|
60
|
Partial
|
23-JE-006
|
684258
|
5490757
|
163
|
30
|
50
|
Pending
|
23-JE-007
|
684207
|
5490640
|
252
|
30
|
50
|
Pending
|
23-JE-008
|
684172
|
5490545
|
192
|
30
|
55
|
Pending
|
23-JE-009
|
684129
|
5490570
|
159
|
30
|
60
|
Pending
|
23-JE-010
|
684073
|
5490571
|
156
|
30
|
60
|
Pending
|
23-JE-011
|
684029
|
5490597
|
155
|
30
|
60
|
Pending
|
23-JE-012
|
684345
|
5490445
|
219
|
30
|
60
|
Pending
|
23-JE-013
|
684389
|
5490420
|
189
|
30
|
60
|
Pending
|
23-JE-014
|
684303
|
5490462
|
156
|
30
|
50
|
Pending
|
23-JE-015
|
684324
|
5490458
|
159
|
30
|
60
|
Pending
|
23-JE-016
|
684159
|
5490522
|
162
|
30
|
55
|
Pending
|
23-JE-017
|
684303
|
5490462
|
219
|
58
|
57
|
|
|
|
|
2535
|
Total m
|
|
Assays
Sample shipments were sealed and shipped to AGAT Laboratories,
Val-d'Or, Québec. All gold assays
reported were obtained by standard fire assay on 50 gram nominal
weight with an atomic absorption spectroscopy finish or by
gravimetric finish in the case of overlimit and on request (methods
202551 and 202564) at AGAT Laboratories, Mississauga, Ontario. All samples were also
analyzed for multi-elements, including copper and silver, using a
four-acid method with an ICP-OES finish (method 201070) at AGAT
Laboratories, Mississauga,
Ontario.
Drill program design, Quality Assurance/Quality Control
("QA/QC") and interpretation of results are performed by qualified
persons employing a QA/QC program consistent with NI 43-101 and
industry best practices. Standards and blanks are inserted at a
minimum of 10% for QA/QC purposes in addition to those inserted by
the lab. A subset of samples has not yet been sent for a
verification assay at another lab. AGAT Laboratories are accredited
by the Standards Council of Canada
and found to comply with the requirements of ISO/IEC
17025:2017.
About the Joutel Eagle
Property
The property is situated just to the northwest of Agnico Eagle's
past producing Eagle-Telbel operation which produced in excess of
1.1 Moz of gold3 from 1974 to 1993. The Joutel Eagle
property covers 11 km of the Casa Berardi structural zone south
splay (CBSZ) which is associated with several gold deposits and,
together with our McClure East property, gives Orford over 17 km coverage on the prolific
CBSZ. The Joutel Eagle Property sits to the north of Orford's 100% owned Joutel South Property and
to the west of Orford's 100% owned
McClure East property. Information from neighbouring properties is
not necessarily indicative of the mineralization on Orford Mining's
properties. On November 30, 2021
Orford announced that it had entered an option to acquire 100% of
the 50 square kilometer Joutel Eagle Project from Globex Mining
Enterprises Inc. (TSX: GMX) (OTCQX International: GLBXF)
(Frankfurt: G1MM).
_____________________________
|
3 Système
d'information géominière of Québec "SIGEOM", Quebec Ministry of
Energy and Natural Resources. April 20, 2020 DV93-01
|
|
About Orford Mining
Corporation
Orford Mining is a gold and critical mineral explorer focused on
highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik,
West Raglan and lithium exploration projects comprising a land
package totaling over 111,000 hectares in the Cape Smith Belt of
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 55 km mineralized trend. In early 2023
Orford acquired large claim blocks targeting Lithium in the Nunavik
Region. These Lithium claim blocks have been carefully selected as
having promising lithium potential after an exhaustive compilation
of available data. Orford
also has four property positions in the Joutel region of the
Abitibi District of Northern
Quebec, which hosts historical deposits such as the
Eagle/Telbel, Joutel Copper, Poirier
Copper, and Vezza deposits. Orford continually seeks new gold exploration
opportunities in North America.
Orford's common shares trade on
the TSX Venture Exchange under the symbol ORM. This information
from neighbouring properties is not necessarily indicative of the
mineralization on Orford Mining's properties.
To view further details about Orford's exploration projects please visit
Orford's website,
www.orfordmining.com.
Qualified Person
The disclosure of scientific and technical information contained
in this news release has been approved by Alger St-Jean, P.Geo.,
Chief Geoscientist of Orford, a
Qualified Person under NI 43-101. The historical assays referred to
in this release and shown in this figure were obtained from
historical work reports filed with the Quebec Ministry of Energy
and Natural Resources and has not been independently verified by a
Qualified Person as defined by NI 43- 101
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This news release contains "forward-looking information"
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and potential of one or more of the Qiqavik, and
West Raglan, properties.
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SOURCE Orford Mining Corporation