TORONTO, March 7, 2019 /CNW/ - Orefinders Resources Inc.
("Orefinders" or the "Company") (TSX.V: ORX) is pleased to
announce it has received drilling and exploration permits for all
three of its properties, Mirado, McGarry and Knight Projects. These
permits are valid for a period of three years.
"We spent a good portion of 2018 compiling large amounts of data
from each of our projects to fully understand what work has been
completed, its results and what that represents. This compilation
was used to design these drill programs, which are now fully
permitted," said Stephen Stewart,
Orefinders' CEO, who continued. "In that past, we have been
cautious on exploration budgets as we firmly believed that the cost
of capital has been too high, and the market was not rewarding good
drill results. This equalled a poor environment for us to deploy
capital to onto our properties, hence our acquisition strategy as
of late. However, we are starting to see positive signs as
metals prices strengthen and it's clear we are amid a mergers and
acquisitions wave. We are not saying that we are there today, but
this signals a shift towards exploration and we are now completely
ready for when that day comes."
Details on Each of Orefinders Projects are Available
Here:
- Knight Project Presentation
- McGarry Project Presentation
- Mirado Project Presentation
Orefinders Corporate Presentation:
- Orefinders Corporate Presentation
About Orefinders Resources Inc.
Orefinders is a Gold exploration and development company focused
exclusively within the Abitibi Greenstone Belt. The Company is
listed on the Toronto Venture Exchange under the symbol ORX.
In addition to the property assets listed above, Orefinders
owns over 16% in Power Ore (PORE:TSXV).
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
SOURCE Orefinders Resources Inc.