Compilation shows Historical South Gold Zone
Open at Depth.
TORONTO, Feb. 14, 2022 /CNW/ - On November 30, 2021, Orford Mining Corporation
("Orford") (TSXV: ORM)
announced that it had entered into an option agreement to acquire
the 50 square kilometre Joutel Eagle Property in the
historical Joutel camp within the Abitibi region of Quebec from Globex Mining Enterprises
Inc.(TSX: GMX) (OTCQX INTERNATIONAL: GLBXF) (FRANKFURT: G1MN).
Since acquiring the option, Orford
has completed a compilation of the approx. 20,000 m of historical drilling from the property
which has identified multiple gold zones to guide our immediate
exploration efforts, including the "South Gold Zone" which contains
a steeply dipping gold bearing vein with grades of up to 6.4 g/t Au
over 2.7 metres in historical drilling1 that is open at
depth (Table1, Figures 1&2). A 1,500m diamond drilling program will begin in
late February which will aim to confirm historical results, test
continuity and test newly identified targets in and around the
South Gold Zone.
Drilling intervals quoted in this release are down-hole lengths
from historical data. True thicknesses cannot be estimated with
available information. The technical information presented in this
release was obtained from historical work reports filed with the
Quebec Ministry of Energy and Natural Resources and has not been
independently verified by a Qualified Person as defined by NI 43-
101
David Christie, President and CEO
of Orford, commented "The
compilation work completed has given us strong drill targets on the
Joutel Eagle property. The Joutel Eagle property is an advanced
exploration property with well-developed gold targets and existing
gold zones that has not been worked since 1999 and before that the
late 1980's. We are eager to start the planned drilling program on
the property this winter. We believe that the Joutel Eagle property
and specifically the South Gold Zone provides Orford an opportunity for a near term
discovery in the heart of the prolific Abitibi District".
The most developed mineralized zone on the Joutel Eagle property
is the "South Gold Zone", which has a strike length of
approximately 700 metres and is partially tested to a depth of 500
metres below surface. The South Gold Zone is comprised of two
mineralized zones, a steeply dipping vein zone with grades of up to
6.4 g/t over 2.7 metres (hole 89-A-02), and a lower grade zone
associated with the regional Harricana Fault which seems to be
plunging to the southeast (Table 1, Figures 1 & 2). The best
grade intersection of the vein zone was also the deepest leaving
high grade mineralization open at depth. The plan map in Figure 1
and the long section in Figure 2 show how widely spaced the
drilling has been both at shallow and deeper levels. In addition,
Figures 1 and 2 show holes in the compilation where mineralization
and alteration similar to high-grade zones in nearby holes were
intersected (quartz veining, silica flooding with up to 70%
pyrite), but assay results are not available as they were redacted
from the drill logs by the operating company at the time upon
reporting to the public database. We aim to confirm historical
results and delineate the full extent of mineralization to
determine if a resource can be defined at the South Gold Zone.
Figure 1: Plan Map of Historical Drilling Results from
Compilation Work2 (Holes where assays are not available
because they were redacted from reported drill logs are shown as
"N/A")
Drilling intervals are down-hole lengths from historical
data. True thicknesses cannot be estimated with available
information.
Figure 2: Long Section through
the South Gold Zone Showing Historical Compilation Results and
Drill Target Areas3 (Holes where assays are not
available because they were redacted from reported drill logs are
shown as "N/A")
Drilling intervals are down-hole lengths from historical
data. True thicknesses cannot be estimated with available
information.
Table 1: Summary of historical drilling results from South Gold
Zone greater than 1g/t Au (also contains intervals less than 1g/t
Au appearing in Figure 1)4.
Hole
#
|
From
|
To
|
Length
|
g/t
Au
|
Report
#
|
SG-68-01
|
97.2
|
105.3
|
8.1
|
1.4
|
GM22540
|
including
|
103.3
|
105.3
|
2.0
|
3.1
|
GM36699
|
SG-80-25
|
130.9
|
132.2
|
1.3
|
6.2
|
GM36699
|
SG-80-25
|
133.9
|
134.6
|
0.7
|
3.8
|
GM36699
|
SG-82-01
|
112.0
|
113.2
|
1.2
|
1.0
|
GM39763
|
SG-82-01
|
132.5
|
140.2
|
7.7
|
0.8
|
GM39763
|
including
|
134.5
|
136.3
|
1.8
|
1.9
|
|
SG-82-01
|
157.6
|
163.9
|
6.3
|
3.0
|
GM39763
|
including
|
160.7
|
163.4
|
2.7
|
6.4
|
|
SG-82-02
|
155.7
|
157.3
|
1.6
|
1.0
|
GM39763
|
SG-82-02
|
164.6
|
179.0
|
14.4
|
1.6
|
GM39763
|
including
|
169.1
|
171.8
|
2.7
|
5.3
|
|
including
|
173.3
|
177.6
|
4.4
|
1.7
|
|
SG-82-02
|
187.8
|
193.5
|
5.7
|
1.5
|
GM39763
|
including
|
191.8
|
193.5
|
1.7
|
3.4
|
|
SG-83-01
|
59.6
|
59.9
|
0.3
|
6.7
|
GM40302
|
SG-83-01
|
250.4
|
251.7
|
1.2
|
1.4
|
GM40302
|
SG-83-01
|
280.4
|
281.7
|
1.3
|
2.2
|
GM40302
|
SG-83-01
|
2.7
|
363.0
|
2.6
|
1.3
|
GM40302
|
SG-83-02
|
362.3
|
362.8
|
0.5
|
1.2
|
GM40302
|
SG-83-03
|
46.3
|
47.1
|
0.8
|
1.4
|
GM40302
|
SG-83-03
|
287.3
|
290.3
|
3.0
|
1.2
|
GM40302
|
SG-83-03
|
382.1
|
386.4
|
4.3
|
1.8
|
GM40302
|
SG-83-03
|
393.8
|
400.1
|
6.3
|
2.9
|
GM40302
|
SG-88-A-09
|
211.3
|
233.5
|
22.2
|
0.6
|
GM47579
|
including
|
218.6
|
229.3
|
10.7
|
1.2
|
|
SG-88-A-09
|
238.3
|
239.7
|
1.5
|
1.1
|
GM47579
|
SG-88-A-09
|
395.4
|
400.6
|
5.1
|
0.7
|
GM47579
|
including
|
398.5
|
400.6
|
2.1
|
1.5
|
|
SG-88-A-01
|
314.6
|
321.6
|
7.0
|
1.2
|
GM48877
|
including
|
317.8
|
318.7
|
1.0
|
2.9
|
|
including
|
395.7
|
398.0
|
2.3
|
5.3
|
|
SG-JV-88-14
|
74.7
|
80.6
|
5.9
|
1.3
|
GM50697
|
SG-89-A-02
W-1
|
571.5
|
574.8
|
3.3
|
1.3
|
GM48877
|
SG-89-A-02
W-1
|
589.5
|
599.6
|
10.1
|
1.0
|
GM48877
|
including
|
593.1
|
597.0
|
3.9
|
2.2
|
|
SG-89-A-01
|
305.2
|
322.3
|
17.2
|
0.5
|
GM48877
|
including
|
305.8
|
308.0
|
2.3
|
2.2
|
|
SG-90-A-01
W-1
|
186.0
|
187.5
|
1.5
|
1.3
|
GM 50110
|
Hole
#
|
From
|
To
|
Length
|
g/t
Au
|
Report
#
|
SG-90-A-01
|
184.0
|
187.5
|
3.5
|
2.1
|
GM 50110
|
including
|
185.0
|
186.5
|
1.5
|
4.8
|
|
including
|
54.2
|
57.1
|
2.9
|
1.1
|
|
SG-99-15-04
|
331.9
|
335.6
|
3.7
|
1.4
|
GM57215
|
SG-99-15-03
|
121.9
|
123.5
|
1.6
|
1.5
|
GM57215
|
SG-99-15-02
|
261.0
|
267.0
|
6.0
|
1.0
|
GM57215
|
SG-99-15-02
|
545.5
|
547.0
|
1.5
|
1.1
|
GM57215
|
SG-99-15-01
|
9.5
|
18.5
|
9.0
|
1.2
|
GM57215
|
including
|
12.5
|
14.0
|
1.5
|
5.6
|
|
SG-99-15-01
|
30.9
|
31.4
|
0.5
|
2.8
|
GM57215
|
Drilling intervals are down-hole lengths from historical
data. True thicknesses cannot be estimated with available
information
About the Joutel Eagle Property
The property is
situated just to the northwest of Agnico Eagle's past producing
Eagle -Telbel operation which produced in excess of 1.1 Moz of
gold5 from 1974 to 1993. The Joutel Eagle property
covers 11 km of the Casa Berardi structural zone south splay (CBSZ)
which is associated with several gold deposits and, together with
our McClure East property, gives Orford over 17 km coverage on the prolific
CBSZ (Figure 3). The Joutel Eagle Property sits to the north of
Orford's 100% owned Joutel South
Property and to the west of Orford's 100% owned McClure East property.
Information from neighbouring properties is not necessarily
indicative of the mineralization on Orford Mining's properties.
Figure 3: Orford Property Location Map in the Joutel region of the Abitibi District6.
About Orford Mining
Corporation
Orford Mining is a gold explorer focused on
highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and
West Raglan projects comprising a land package totaling over 80,000
hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts
several new high-grade gold discoveries along a mineralized trend
in excess of 40 km. The West Raglan Project hosts a number of
high-grade Raglan-style nickel/copper/platinum group metal
discoveries along a 55 km mineralized trend. Orford also recently acquired three property
positions in the Joutel region of the Abitibi District of northern
Quebec, which hosts historical
deposits such as the Eagle/Telbel, Joutel Copper, Poirier Copper, and Vezza deposits. Orford continually seeks new gold exploration
opportunities in North America.
Orford's common shares trade on
the TSX Venture Exchange under the symbol ORM. This information
from neighbouring properties is not necessarily indicative of the
mineralization on Orford Mining's properties.
To view further details about the Orford's exploration
projects please visit Orford's website,
www.orfordmining.com.
Qualified Person
The disclosure of scientific and
technical information contained in this news release has been
approved by Alger St-Jean, P.Geo., Chief Geoscientist of
Orford, a Qualified Person under
NI 43-101. The technical information presented in this release was
obtained from historical work reports filed with the Quebec
Ministry of Energy and Natural Resources and has not been
independently verified by a Qualified Person as defined by NI
43-101.
Cautionary Statement Concerning Forward-Looking Statements
Neither
the TSXV nor its Regulation Services Provider (as that term is
defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release. This news release contains
"forward-looking information" including without limitation
statements relating to the liquidity and capital resources of
Orford and potential of one or
more of the Qiqavik, West Raglan or Joutel area properties.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Orford to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Factors that could affect the
outcome include, among others: future prices and the supply of
metals; the results of drilling; inability to raise the money
necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; accidents, labour disputes and other risks of
the mining industry; political instability, terrorism, insurrection
or war; or delays in obtaining governmental approvals, failure to
obtain regulatory or shareholder approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward- looking statements, refer to Orford's filings with Canadian securities
regulators available on SEDAR at www.sedar.com.
Although Orford has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements
contained herein are made as of the date of this news release and
Orford disclaims any obligation to
update any forward- looking statements, whether as a result of new
information, future events or results or otherwise, except as
required by applicable securities laws.
The TSXV has neither approved nor disapproved the contents of this news release.
___________________________________
|
1 Système
d'information géominière
of Québec "SIGEOM", Quebec Ministry
of Energy and Natural Resources.
April 20,2020 DV93-01
|
2 Reference report numbers can be
found in Table 1
|
3 Reference report numbers can be
found in Table 1
|
4 Report
Number referenced in the table is the report number assigned to
historical work in the Système d'information géominière of Québec
"SIGEOM", Quebec Ministry of Energy and Natural Resources
https://sigeom.mines.gouv.qc.ca/
|
5 Eagle /Telbel:
Système d'information géominière of Québec "SIGEOM", Quebec
Ministry of Energy and Natural Resources. April 20, 2020
DV93-01
|
6 Casa
Berardi: Hecla Mining, Mineral Resources Statement as of December
31, 2019. https://www.hecla-mining.com/casa-berardi/ Estrades:
Technical report on the Mineral Resources Estimate for the Estrades
Project, Northwestern Quebec Canada. Galway Metals, November 5,
2018, Amended March 15, 2019.
|
Eagle /Telbel: Système
d'information géominière of Québec "SIGEOM", Quebec Ministry of
Energy and Natural Resources. April 20,2020 DV93-01. Douay: Maple
Gold Mines. Mineral Resource Statement as at October 24,
2019.
|
https://www.maplegoldmines.com/index.php/en/projects/douay-gold-project#isDouayResourceEstimate.
|
Vezza: Mineral
Resources Estimate for the Vezza Project, located 25 km south of
Matagami, Quebec, Maudore Minerals Ltd. December 31,
2012.
|
Poirier Copper/Joutel
Copper: Système d'information géominière of Québec "SIGEOM", Quebec
Ministry of Energy and Natural Resources. April 20,2020 DP346,
GM44192.
|
Sleeping Giant: Système
d'information géominière of Québec "SIGEOM", Quebec Ministry of
Energy and Natural Resources. November
|
13,2020.
DV-2010-01
|
Mine Selabie: Système
d'information géominière of Québec "SIGEOM", Quebec Ministry of
Energy and Natural Resources. November 1,2021, DV
2000-02
|
SOURCE Orford Mining Corporation