TORONTO, Sept. 22,
2021 /CNW/ - Orefinders Resources Inc.
("Orefinders" or the "Company") (TSX.V: ORX) is pleased
to announce the start of the 5,000 metre Phase 2 drilling
program at its Knight Gold Project, located within the Shining Tree
district of the southern Abitibi Greenstone belt, about 100
kilometres southwest of Kirkland Lake,
Ontario. Drilling is expected to begin during the first week
of October, 2021.
Phase 2 drilling will be focused on two exploration target
zones, the Tyranite Zone which includes the past producing Tyranite
gold mine and the Duggan Zone, both of which returned promising
results from the Phase 1 drilling program. Drill targets for Phase
2 are identified using a combination of geological and assay data
generated during Phase 1 drilling; geostatistical analysis of gold
distribution in the drill hole database for the Tyranite and Duggan
zones; and structural interpretations based on constrained 3-D
inversion modeling of high-resolution aeromagnetic data (see News
Release dated August 31,
2021).
Phase 2 will kick off at the Tyranite Zone where drilling
will be focused on testing an interpreted moderately plunging trend
to mineralization along the Tyranite shear structure, below and to
the south of historical mine workings. The definition of drill
targets at the Duggan Zone is ongoing and is expected to include
step out drilling along strike of known mineralization.
Phase 1 Drilling : Details and Results
The Phase 1 drilling program at the Knight Gold Project
included 26 drill holes representing 11,204 metres,
that were completed between September, 2020 and April, 2021.
Details of the Phase 1 program and results are reported in News
Releases dated November 5, 2020; and
January 29, February 11, May 10
and July 26 in 2021.
Background on the Knight Gold Project
Information on the location, geology, history and
historical resources at the Knight Gold Project is presented on the
Company's web site at the following link :
Knight Project
Information
QP Statement
The technical
information in this news release has been reviewed and approved by
Dr. Keith Benn, P.Geo., Vice
President Exploration for Orefinders, a Qualified Person as defined
in "National Instrument 43-101, Standards of Disclosure for Mineral
Projects."
About Orefinders Resources Inc.
Orefinders is a Gold exploration and development company
focused exclusively on the Abitibi Greenstone Belt. The Company is
listed on the Toronto Venture Exchange under the symbol
ORX.
N either TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Certain information in
this press release may contain forward-looking statements. This
information is based on current expectations that are subject to
significant risks and uncertainties that are difficult to predict.
Actual results might differ materially from results suggested in
any forward-looking statements. Orefinders' assumes no obligation
to update the forward-looking statements, or to update the reasons
why actual results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Orefinders. Additional information identifying risks
and uncertainties is contained in filings by Orefinders with
Canadian securities regulators, which filings are available under
Orefinders' profile at www.sedar.com.
For the latest updates, please contact or follow us on
Twitter @Orefinders
SOURCE Orefinders Resources Inc.
