News brief: Orefinders has outlined three distinct
targets on its Knight Gold Project which it plans to drill in 2020.
Each of the three target has distinct geological styles, with none
of them having been drill tested. Orefinders views the Knight
Project as having highly prospective geology within a large
mineralized system with gold having been deposited over a
protracted period. The geology of the Knight Project is
complex and has similar features to those found in the Kirkland Lake-Larder
Lake camp 110 km to the northeast.
Full details below
TORONTO, Dec. 10, 2019 /CNW/ - Orefinders Resources Inc.
("Orefinders" or the "Company") (TSX.V: ORX) is pleased to detail
its drill targets each of which are located on its 100% owned
Knight Project, 70KM east of Kirkland
Lake, Ontario.
Targets Include:
1. Porphyry Lake
- Large Near Surface IP Anomaly delineating potential source of
mineralization at Porphyry Lake
- Never been drill tested
2. Tyranite Mine
- Brand New 3D modelling of gold
mineralization along the North-South trending Tyranite fault.
Tyranite's best intersected grades and widths occur where the fault
intersects the East-West trending ultramafic units, more
specifically at the contacts of the ultramafics with other
lithologies
- This interpretation of this geologic model has never been drill
tested
3. More Minto
Pipe-like Targets
- New targets with geophysical and geochemical characteristics
similar to the Minto Mineralized Breccia Pipe. A dozen targets have
been selected for follow up geophysics with induced polarization
method
- Never been drill tested
Click Here to View Details on Knight's Three
Gold Targets
"Over the past few years, Orefinders has communicated its
strategy of making accretive acquisitions in the down market. Now,
this news release marks the beginning of us pivoting inward towards
our own projects. We are seeing early signs that the market for
exploration is turning, we are ready to test the numerous drill
targets that we have generated. These targets on Knight are the
culmination of our field work, geophysics and new geological
interpretations. We are looking to expand on our existing knowledge
of Knight's gold resource while also looking for a new discovery
within this large gold system," said Stephen Stewart, Orefinders CEO.
Orefinders Knight Project is fully permitted for drilling and
the Company is planning a 4,500 metres diamond drill program to
test the above targets.
QP Statement
The technical information contained in
this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director
and Vice President Exploration for Orefinders, who is a Qualified
Person as defined in "National Instrument 43-101, Standards of
Disclosure for Mineral Projects." For the exploration
undertaken by Orefinders all assay batches are accompanied by
rigorous Quality Assurance procedures that include insertion of
standards and blanks and verification assays in a secondary
laboratory. Quality Control results, including the
laboratory's own control samples, are evaluated immediately on
reception of batch results and corrections implemented immediately
if necessary.
About Orefinders Resources Inc.
Orefinders is a Gold
exploration and development company focused in the Kirkland Lake and Shining Tree districts of
Ontario's Abitibi Greenstone Belt.
The Company is listed on the Toronto Venture Exchange under the
symbol ORX.
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.