Twitter Facebook LinkedIn YouTube

Orford Mining acquires new claim positions along gold mineralized Casa Berardi /Joutel Structures

Video Platform Video Management Video Solutions Video Player

Orford Mining Corporation, a gold explorer focused on highly prospective and underexplored areas of Quebec, has staked two claim blocks along the prolific gold mineralized Casa Berardi /Joutel Structures, in the Abitibi region of Northern Quebec.

Tags:

Additional Information:

Company: Orford Mining Corporation
Website: http://www.OrfordMining.com
Stock Symbol: TSXV: ORM
Date Published: Apr 28, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for InvestmentPitch Media

Orford Mining Corporation, a gold explorer focused on highly prospective and underexplored areas of Quebec, has staked two claim blocks along the prolific gold mineralized Casa Berardi /Joutel Structures, in the Abitibi region of Northern Quebec.

The "Joutel South" claim block is at the southern underexplored extension of the Joutel trend that hosted Agnico-Eagle Mines’ founding Eagle/Telbel gold mine which produced in excess of 1.1 million ounces of gold.

The area also hosts a number of copper assets that have produced 244 million lbs of copper, 116 million lbs of Zinc and 52 million lbs of silver, from neighbouring properties.

All commercial operations in the region had closed by 1993.

The “McClure East” claim block is on the easterly extension of the Casa Berardi structural zone, which to the west hosts Hecla Mining’s Casa Berardi Mine which has produced 2 million ounces of gold and has reserves of 3.4 million ounces of gold.

The nearby Duay Gold Deposit held by Maple Gold Mines contains 422,000 ounces of gold in indicated and 2,532,000 ounces in inferred resource categories, both on neighbouring properties.

The company cautions that information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties.

The Joutel South and McClure East properties are located within the Joutel Volcanic Complex of the Harricana-Turgeon volcano-sedimentary belt, which is the most northwesterly element of the Abitibi Greenstone Belt which includes the prolific Matagami, Brouillan, Joutel and Casa Berardi mining districts.

Minimal and sporadic historical work has been carried out on the Joutel south and McClure East properties in the 1980's and early1990's.

One historical drill hole next to the Joutel South Property returned 1.66 grams per tonne gold over 1 meter and one grab sample returned 4.28 grams per tonne gold and one hole next to the McClure East Property returned 3.26 grams per tonne gold over 0.5 meters.

David Christie, President and CEO, stated: "I am excited to have the opportunity to explore this very prospective belt of rocks. I started my career in the mid 1980's exploring this belt and continue to believe it has tremendous untapped potential. The area has seen very little systematic exploration since 1993 when the Eagle/Telbel mine closed."

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 kilometers.

The West Raglan project hosts a number of high-grade Raglan-style nickel/copper/platinum group metal discoveries along a 55 kilometer mineralized trend.

Orford continually seeks new gold exploration opportunities in North America.

The shares are trading at $0.025.

For more information please visit the company’s website www.OrfordMining.com, contact David Christie, President and CEO, at 416-309-0609 or email dchristie@OrfordMining.com.
I’m Fiona Forbes for InvestmentPitch Media