Orefinders Commences Field Exploration at Mirado Gold Project, Kirkland Lake
June 18 2014 - 2:51PM
Marketwired
Orefinders Commences Field Exploration at Mirado Gold Project,
Kirkland Lake
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 18, 2014) -
Orefinders Resources Inc. (TSX-VENTURE:ORX) has commenced summer
field exploration at its wholly-owned Mirado gold project in
Kirkland Lake, Ontario. A detailed mapping, sampling and trenching
program has commenced with field crews currently exploring high
priority gold targets. During the past six months, Orefinders has
expanded its land position at Mirado by staking an additional 1,120
hectares along strike from the Mirado gold deposit where a NI
43-101 compliant inferred resource of 442,000 ounces at an average
grade of 1.29 g/t Au was identified during the first year of
drilling on the property.
More than a dozen gold
occurrences are located along a strike length of 9 km from the
Mirado gold deposit and will be evaluated during the current field
program. Two styles of mineralization are recognized on the
recently acquired ground:
- Gold targets located along strike from the Mirado South Zone
that will be evaluated for potential to host bulk tonnage gold
mineralization within flat lying intercalated mafic/felsic volcanic
stratigraphy.
- The second style of gold mineralization on the property
includes polymetallic volcanogenic massive sulphide (VMS)
occurrences hosted within vertically dipping intercalated felsic
and mafic volcanic stratigraphy. The current exploration program
will test the potential for Au-Ag-Cu-Zn mineralization on the
property.
Environmental base line
studies are ongoing and road infrastructure development will
commence during the third week of June. It is anticipated that all
road construction will be completed within 4-6 weeks, allowing for
excellent year round access for heavy equipment.
On behalf of the Board of Directors
William Yeomans, P. Geo, President
Neither TSX
Venture Exchange nor its Regulations Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results may
differ materially from results suggested in any forward-looking
statements. Orefinders assumes no obligations to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements unless required by securities laws applicable to
Orefinders. Additional information identifying risks and
uncertainties is contained in filings by Orefinders with Canadian
securities regulators, which filings are available under Orefinders
profile at www.sedar.com.
Orefinders Resources Inc.William Yeomans, P.
Geo.President1-250-707-0911byeomans@orefinders.caContact
FinancialKirk Gamley1-604-689-7422kirk@contactfinancial.com
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