TORONTO, Nov. 7, 2016 /CNW/ - Orefinders Resources Inc.
("Orefinders" or the "Company") (TSX.V: ORX) is pleased to announce
that it has successfully completed its crushing and trucking of its
100% owned Mirado Mine Stockpile resource. Approximately
26,000 tonnes of resource have been crushed on site at the Mirado
project, then trucked to the Westwood Mine
facility.
"The Orefinders team has essentially completed its tasks with
the resource now being in the hands of the Westwood facility. This project was well
planned and executed to date as we have not had any major
unforeseen occurrences. We are also fortunate that the weather
cooperated and allowed us to remain precisely on schedule. We now
await the commencement of milling, and look forward to moving
forward on further development of the Mirado pit itself," said
Stephen Stewart, Orefinders CEO.
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 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.