TORONTO, May 10, 2023
/CNW/ - Orford Mining Corporation (TSXV: ORM) (Orford) is pleased to report that it continues
to receive thick mineralized gold intervals from its 2023 Drill
program on the Joutel Eagle Property in Northern Quebec. Hole 23-JE-017 intersected
multiple thick gold zones such as 1.4 g/t gold over 9.9 metres
including 5.0 g/t over 2.3 metres, 1.4 g/t over 17.6 metres
including 5.0 g/t over 2.5 metres and 0.80 g/t over 21.3 metres
(Table 1, Figure 1).
David Christie, President and CEO
of Orford, commented, "The continued strong results from
the 2023 drill campaign on our Joutel Eagle property continue to
indicate the tremendous potential value in the South Gold
Zone. The multiple thick intersections in hole 23-JE-017
improves the continuity of gold grade and thickness across the
South Gold zone. We will review the results received from the
2023 drill program and will start to plan a follow up drill
program."
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 above 0.5g/t Au are reported based on a
cut-off of 0.2g/t with maximum internal dilution of 2m.
Hole number
|
From
|
To
|
Interval (m)
|
Au g/t
|
23-JE-009
|
56.73
|
57.05
|
0.3
|
1.2
|
23-JE-017
|
58.1
|
58.6
|
0.5
|
1.5
|
23-JE-017
|
78.1
|
83.5
|
5.4
|
0.5
|
including
|
82.8
|
83.5
|
0.7
|
1.3
|
23-JE-017
|
99.4
|
102.4
|
3.0
|
2.8
|
including
|
100.0
|
101.3
|
1.3
|
5.3
|
23-JE-017
|
116.84
|
120.58
|
3.7
|
1.4
|
including
|
119.4
|
119.7
|
0.3
|
13.4
|
23-JE-017
|
124.72
|
134.58
|
9.9
|
1.4
|
including
|
127.3
|
129.7
|
2.3
|
5.0
|
including
|
129.2
|
129.7
|
0.5
|
20.7
|
23-JE-017
|
141.32
|
158.87
|
17.6
|
1.4
|
including
|
151.0
|
153.5
|
2.5
|
5.0
|
23-JE-017
|
163.24
|
184.5
|
21.3
|
0.8
|
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 lenght of the South Gold Zone (Figure
1) Orford's drilling results
received to date both in the 20221 and preliminary
20231,2,3,4 drilling results have shown that
the South Gold Zone hosts higher grade gold over wider
intersections than had been reported historically.
Figure 1: Map of the Joutel Eagle South Gold Zone Showing New
Results and Completed Drilling. 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
Property1,2,3,4
_____________________________
|
1 Orford
Mining News Release dated June 7, 2022.
|
2 Orford
Mining News Release dated March 30, 2023
|
3 Orford
Mining News Release dated April 20, 2023
|
4 Orford
Mining News Release dated April 20, 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
|
88
|
SGZ
|
23-JE-010
|
91.3
|
SGZ
|
23-JE-011
|
0
|
SGZ
|
23-JE-012
|
0
|
SGZ
|
23-JE-013
|
0
|
SGZ
|
23-JE-014
|
12.8
|
SGZ
|
23-JE-015
|
54.5
|
SGZ
|
23-JE-016
|
0
|
SGZ
|
23-JE-017
|
100
|
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).
____________________________
|
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
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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
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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.
www.orfordmining.com
SOURCE Orford Mining Corporation