TORONTO, Oct. 13, 2016 /CNW/ - Orefinders Resources Inc.
("Orefinders" or the "Company") (TSX.V: ORX) is pleased to announce
that it has completed its crushing program on its 100% owned Mirado
Mine Stockpile project.
Orefinders has completed the crushing phase of the project with
over 26,000 tonnes of resource that will be sent to the Westwood
Mill. Of this 26,000 tonnes of crushed resource approximately 8,000
tonnes has already been delivered to the Mill. The Company is
shipping over twenty truck loads per day from the Mirado and
expects to have all of the resources at the Westwood towards the end of October.
The milling of the resource at the Westwood Mill is scheduled to
begin the first week of November, and will be processed in a single
continuous batch which is expected to take two weeks.
About Phase One of the Mirado Stockpile Project
Phase One is a resource that was blasted and mined from the
Mirado' open pit mine during its production during in the 1980's.
Orefinders has since completed a resource calculation on the
Stockpiles which delineated an inferred resource of 20,742 tonnes
at an average grade of 4.41 grams per tonne for a total of 2,939
contained gold ounces as disclosed in the Technical Report filed on
Sedar on December 13, 2013.
Neither TSX Venture Exchange nor its Regulation
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 might
differ materially from results suggested in any forward-looking
statements. Orefinders' assumes no obligation 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 and until 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.
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SOURCE Orefinders Resources Inc.