TORONTO, April 3, 2017 /CNW/ - Orefinders Resources Inc.
("Orefinders" or the "Company") (TSX.V: ORX) is pleased to advise
that, as a significant shareholder in Pure Gold Mining Inc. ("Pure
Gold"), we are keeping our shareholders aware of the developments
on their Madsen Gold Project in Red
Lake, Ontario. On March 27,
2017, Pure Gold announced that it has made a new discovery
at the Russet South zone of its Madsen Gold Project. The
continued delineation of near surface and high-grade gold
mineralization at depth which are near to their permitted mine
infrastructure, continues to give the Madsen the critical mass towards execution of
its development strategy.
"Orefinders believes that the Madsen Gold Project is one of the
premier exploration and development opportunities in Canada's Red
Lake camp and Pure Gold's management had done an excellent
job in progressing the Project. The Madsen Gold Project has
potential to return to production in the near term and,
additionally, management continues to make new discoveries on their
land package as detailed in their March 27,
2017 news release. Orefinders is happy to have significant
equity exposure to Pure Gold and expects its value to grow
substantially", said Stephen
Stewart, Orefinders' CEO.
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.