TORONTO, April 28, 2021 /CNW/ - Orford Mining
Corporation ("Orford") (TSXV: ORM) announced today that it has
issued a total of 2,625,000 stock options to management and
directors. The options, which are exercisable at $0.155 per common share, will vest over three
years and expire ten years from the date of grant.
About Orford Mining Corporation
Orford Mining is a gold explorer focused on highly prospective
and underexplored areas of Northern
Quebec.
Orford's assets in the Nunavik
region of Northern Quebec include
the Qiqavik and West Raglan projects comprising a land package
totaling over 105,000 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
January 2021, Orford entered into an earn-in agreement
whereby Wyloo Metals can earn up to 80% of the West Raglan Project
for total expenditures of $25.0
million over 7 years.
In 2020, Orford acquired three
new property positions (Over 20,000ha) 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. This information from
neighbouring properties is not necessarily indicative of the
mineralization on Orford Mining's properties.
Orford continually seeks new
gold exploration opportunities in North
America.
Orford's common shares trade on
the TSX Venture Exchange under the symbol ORM.
To view further details about the Orford's exploration projects please visit
Orford's website,
www.orfordmining.com.
Cautionary Statement Concerning Forward-Looking
Statements
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
This news release contains "forward-looking information"
including without limitation statements relating to the liquidity
and capital resources of Orford
and potential of one or more of the Qiqavik, and West Raglan,
properties.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Orford to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Factors that could affect the
outcome include, among others: future prices and the supply of
metals; the results of drilling; inability to raise the money
necessary to incur the expenditures required to retain and advance
the properties; environmental liabilities (known and unknown);
general business, economic, competitive, political and social
uncertainties; accidents, labour disputes and other risks of the
mining industry; political instability, terrorism, insurrection or
war; or delays in obtaining governmental approvals, failure to
obtain regulatory or shareholder approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Orford's filings with Canadian securities
regulators available on SEDAR at www.sedar.com.
Although Orford has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements
contained herein are made as of the date of this news release and
Orford disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as
required by applicable securities laws.
The TSXV has neither approved nor disapproved the contents of
this news release.
SOURCE Orford Mining Corporation