TORONTO, Oct. 17,
2023 /CNW/ - Orford Mining Corporation ("Orford")
(TSXV: ORM) is pleased to announce that it has increased its
Nunavik Lithium land package by 39 km2 or 8%, expanding
properties that are confirmed to host Lithium-Cesium-Tantalum
("LCT") pegmatites (Figure 1). Orford's total lithium exploration land
package in Nunavik is now 596 km2. Assay results from
the recently completed exploration program on these properties
(Figure 1) confirmed the occurrence of LCT bearing pegmatites,
specifically on the Cathode, kWatt and Flare properties (see
Orford's news release of
October 4, 2023). These three
properties were expanded as a result of these discoveries and will
provide additional exploration and discovery potential for lithium
bearing pegmatites in an area where LCT bearing pegmatites have
already been confirmed. The 2024 exploration program will be
focused on these highly prospective areas.
David Christie, President and CEO
of Orford commented, "Orford has secured additional ground around
what we believe are the pegmatites with the best chemistry for
potential lithium deposits. This expanded ground will be a
focus of future work on the Nunavik Lithium Properties.
Orford will also continue to
complete further exploration on the other properties in
Nunavik."
The Nunavik Lithium Properties are 100% owned by Orford and have never been explored before for
any economic minerals, including lithium. These properties are
within 150 km of the Deception Bay deep seaport and as close as 10
km from the port, in the case of Cathode and Torque.
The 2023 Field Season Confirmed Greenfield Lithium Pegmatite
Vectors:
- Regional metamorphic grade: upper greenschist / lower
amphibolite.
- Occurrence of peraluminous granite and leucogranite on
Orford's Nunavik Lithium
Properties.
- Key minerals identified in pegmatite indicative of proximity to
fertile parent granite:
- green muscovite (+/- garnet, tourmaline, fluorite).
- Assays indicate pegmatites are enriched in lithium, beryllium,
tantalum, cesium, and rubidium.
- LCT-bearing pegmatites on at least three properties (Figure 1,
Table 1) suggests high prospectivity for additional dykes.
- Opportunity to generate additional targets and provide
geochemical vector towards mineralization (more fractionated LCTs)
using till assay data (results outstanding).
An additional 550 till (frost boil) samples have been collected
on the Radiant, kWatt and Wire properties to possibly identify
"blind" LCT pegmatite which are not exposed at surface. Till assays
results are expected by the end of November and may identify
additional targets for follow up. The till sampling was done in
areas where there are strong lithium anomalies in lake bottom
sediment sample surveys completed by the Quebec government survey previously.
About Orford Mining Corporation
Orford Mining is a gold and critical mineral explorer focused on
highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik,
West Raglan and lithium exploration projects comprising a land
package totaling over 111,000 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. In early 2023
Orford acquired large claim blocks targeting lithium in the Nunavik
Region. These lithium claim blocks have been carefully selected as
having promising lithium potential after an exhaustive compilation
of available data. Orford also has
four 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 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 that was obtained from historical work
reports filed with the Quebec Ministry of Energy and Natural
Resources has not been independently verified by a Qualified Person
as defined by NI 43-101.
Orford's field sample
shipments were sealed and shipped to AGAT Laboratories,
Val-d'Or, Québec. All assays
reported for the grab samples were obtained by standard sodium
peroxide fusion method with an ICP-OES/ICP-MS finish (methods
201-378) at AGAT Laboratories, Mississauga, Ontario. Standards and blanks
were inserted at a minimum rate of 5% for grab samples for QA/QC
purposes in addition to those inserted by the lab. A subset of
samples has not yet been sent for a verification assay at another
lab. AGAT Laboratories are accredited by the Standards Council of
Canada and found to comply with
the requirements of ISO/IEC 17025:201
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,
and West Raglan, 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.
SOURCE Orford Mining Corporation
