TORONTO, April 20, 2023 /CNW/ - Orford Mining Corporation (TSXV: ORM) (Orford) is pleased to report that it continues to receive thick mineralized gold intervals: 14.2 metres @ 2.2 g/t Au including higher grade (Table 1, Figure 1) from the 2023 Joutel Eagle Property ("Joutel Eagle") drill program. The majority of assays are pending (Table 2), with the remainder of results expected mid-May 2023.

David Christie, President and CEO of Orford, commented, "The results from the 2023 drill campaign on our Joutel Eagle property continue to prove the property has tremendous potential value both in the South Gold Zone and the new North Gold Zone. The continuity in gold grade and thickness across the South Gold Zone has been very encouraging."

Hole 23-JE-008 has reported two thick intersections of gold mineralization: 15.7 metres @ 1.7g/t Au (21.7 to 35.1 metres) and 14.2 metres @ 2.2g/t Au (61.9 to 70.1 metres) (Table 1) which is approximately 200 metres to the north west of hole 23-JE-015 which reported 54 metres @1.1 g/t including higher grade intervals of up to 9.1g/t Au over 0.4 metres (Table 1). Hole 23-JE-009, reported 0.3 metres @ 1.2g/t Au and seems to have been drilled too far to the north to hit the South Gold Zone which appears to migrate toward the south as it extends westward toward 23-JE-008 which was collared in gold mineralization. 23-JE-016 was drilled to confirm the presence of the South Gold Zone to the south of hole 23-JE-008 (Figure 1). We have now received results for a 250 m strike length of the tested 400m strike of the South Gold Zone (reported in today's release and Orford's releases of February 21, 2023 and March 17, 2023). However, the majority of assays are still pending (Table 2).

The Joutel Eagle Property is located along the fertile Casa-Berardi Structural Zone and historical Eagle-Telbel Mine Trend in the Abitibi Greenstone belt. A total of 14 holes and 2,535 metres (Table 3) have been drilled in 2023. This drilling program has tested a 400-metre strike length of the South Gold Zone (Figure 1), and Orford drilling results received to date from both the 20221 and 20232 drilling programs have shown that the South Gold Zone hosts higher grade gold over wider intersections than had been reported historically.

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1 Orford Mining News Release dated June 7, 2022.

2 Orford Mining News Release dated February 21, 2023 & Orford Mining News Release dated March 30, 2023.

 

Figure 1: Map of the Joutel Eagle South Gold Zone Showing New Results and Completed Drilling.  Note that All drilling intervals are down-hole lengths. True thicknesses cannot be 
estimated with available information. Information on adjacent properties is not necessarily indicative of the potential on Orford’s Joutel Eagle Property (1),(2),(3) (CNW Group/Orford Mining Corporation)

 

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3 Orford Mining News Release dated March 30, 2023.

 

Table 1: Highlight of Joutel Eagle Drill hole assays received to date. All drilling intervals are downhole lengths. True thicknesses cannot be estimated with available information. Composited intervals are reported at a cut-off of 0.5g/t Au.


From
(m)

To (m)

Interval
(m)

Gold
(g/t)


23-JE-008

21.7

37.4

15.7

1.7

NEW

including

33.2

37.4

4.2

5.9

NEW

including

34

35.1

1.1

15.3

NEW

23-JE-008

61.9

76.1

14.2

2.2

NEW

including

66.3

75.7

9.4

2.9

NEW

including

66.8

72.9

6.1

3.5

NEW

including

66.8

70.1

3.4

4

NEW

23-JE-009

56.7

57.1

0.3

1.2

NEW

23-JE-004

100.3

114.9

14.6

4.1

Previously Reported February 21, 2023

including

106

114.8

8.8

5.8

Previously Reported February 21, 2023

including

112.8

114.8

2

8.6

Previously Reported February 21, 2023

including

113.1

113.4

0.3

28.7

Previously Reported February 21, 2023

23-JE-004

128.8

158.9

30.1

1.1

Previously Reported February 21, 2023

including

132.8

145.1

12.3

1.8

Previously Reported February 21, 2023

including

134.5

138.9

4.4

2.9

Previously Reported February 21, 2023

including

142.5

144.1

1.6

2.6

Previously Reported February 21, 2023

23-JE-005

36.8

42.6

5.8

2.4

Previously Reported March 30, 2023

including

41.5

42.8

1.3

10.9

Previously Reported March 30, 2023

including

42.3

42.7

0.4

27.7

Previously Reported March 30, 2023

23-JE-005

53.6

56.9

3.3

2.1

Previously Reported March 30, 2023

including

54

55.1

1.1

5

Previously Reported March 30, 2023

including

54

54.7

0.7

6.2

Previously Reported March 30, 2023

23-JE-005

85.6

93.6

8

1.5

Previously Reported February 21, 2023

including

85.6

90.4

4.8

1.8

Previously Reported February 21, 2023

including

85.6

86.5

0.9

4.6

Previously Reported February 21, 2023

23-JE-006

52.8

53.1

0.3

1.3

Previously Reported March 30, 2023

23-JE-006

55.2

56.7

1.5

0.7

Previously Reported March 30, 2023

23-JE-006

73

76.4

3.4

0.6

Previously Reported March 30, 2023

23-JE-007

201

217.1

16.1

1.3

Previously Reported March 30, 2023

including

201

212

11

1.8

Previously Reported March 30, 2023

including

205.6

212

6.4

2.4

Previously Reported March 30, 2023

including

206

210.4

4.4

3

Previously Reported March 30, 2023

including

206

207.1

1.1

4.5

Previously Reported March 30, 2023

23-JE-007

225.2

229.9

4.7

0.7

Previously Reported March 30, 2023

including

229.2

229.8

0.6

2.1

Previously Reported March 30, 2023

23-JE-015

81.1

135.8

54.7

1.1

Previously Reported March 30, 2023

including

81.1

109.7

28.6

1.7

Previously Reported March 30, 2023


From (m)

To (m)

Interval (m)

Gold (g/t)



including

82.9

88.3

5.4

2

Previously Reported March 30, 2023


and

84.9

88.3

3.4

2.5

Previously Reported March 30, 2023


including

86.8

88.3

1.5

3.8

Previously Reported March 30, 2023


including

87.9

88.3

0.4

7.4

Previously Reported March 30, 2023


and

96.5

109.3

12.8

2.7

Previously Reported March 30, 2023


including

102

109.3

7.3

3.5

Previously Reported March 30, 2023


including

103.7

109.3

5.6

4

Previously Reported March 30, 2023


including

103.7

104.4

0.7

7.2

Previously Reported March 30, 2023


including

107.6

109.3

1.7

4.7

Previously Reported March 30, 2023


including

108.1

108.5

0.4

9.1

Previously Reported March 30, 2023


 

Table 2: Status of Assay Results Received from the 2023 Joutel Eagle Drilling Program (SGZ=South Gold Zone)

Hole
Number

Assay Reported
(%)

Area

23-JE-004

100

SGZ

23-JE-005

100

SGZ

23-JE-006

100

North Horizon

23-JE-007

100

North Horizon

23-JE-008

91.2

SGZ

23-JE-009

83.6

SGZ

23-JE-010

0

SGZ

23-JE-011

0

SGZ

23-JE-012

0

SGZ

23-JE-013

0

SGZ

23-JE-014

0

SGZ

23-JE-015

50

SGZ

23-JE-016

0

SGZ

23-JE-017

0

SGZ

 

Table 3: Joutel Eagle: South Gold Zone Drill Hole Coordinates (UTM NAD83 Zone 17)

Hole ID

X

Y

Length (m)

Azimuth

Dip

23-JE-004

684302

5490470

195

30

60

23-JE-005

684216

5490520

159

30

60

23-JE-006

684258

5490757

163

30

50

23-JE-007

684207

5490640

252

30

50

23-JE-008

684172

5490545

192

30

55

23-JE-009

684129

5490570

159

30

60

23-JE-010

684073

5490571

156

30

60

23-JE-011

684029

5490597

155

30

60

23-JE-012

684345

5490445

219

30

60

23-JE-013

684389

5490420

189

30

60

23-JE-014

684303

5490462

156

30

50

23-JE-015

684324

5490458

159

30

60

23-JE-016

684159

5490522

162

30

55

23-JE-017

684303

5490462

219

58

57




2535

Total m


 

Assays

Sample shipments were sealed and shipped to AGAT Laboratories, Val-d'Or, Québec. All gold assays reported were obtained by standard fire assay on 50 gram nominal weight with an atomic absorption spectroscopy finish or by gravimetric finish in the case of overlimit and on request (methods 202551 and 202564) at AGAT Laboratories, Mississauga, Ontario. All samples were also analyzed for multi-elements, including copper and silver, using a four-acid method with an ICP-OES finish (method 201070) at AGAT Laboratories, Mississauga, Ontario. 

Drill program design, Quality Assurance/Quality Control ("QA/QC") and interpretation of results are performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are inserted at a minimum of 10% 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 17025:2017. 

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 gold4 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). 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. On November 30, 2021 Orford announced that it had entered an option to acquire 100% of the 50 square kilometer Joutel Eagle Project from Globex Mining Enterprises Inc. (TSX: GMX) (OTCQX International: GLBXF) (Frankfurt: G1MM).

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4 Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. April 20, 2020 DV93-01

 

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.

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 historical assays referred to in this release and shown in this figure were 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, 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

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