TORONTO, Nov. 28, 2017 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that the 2017 field program has commenced at its Carolina Gold Properties in North and South Carolina. The program will be carried out in two phases: a first phase of relogging of historical core, surface mapping, trenching, and geophysics, and a second phase of drilling.
David Christie, President and CEO of Orford, commented, "We look forward to these initial exploration activities on Orford's very prospective properties in the re-emerging U.S. Carolina Gold Belt."
Orford is party to an option agreement with Carolina Gold Resources Inc. to earn a 70% interest in the Jones-Keystone and Landrum-Faulkner Properties located, respectively, in North Carolina and South Carolina. The properties are located in the Carolina Gold Belt, home to Oceana Gold's producing Haile Mine (3.7 Moz resource at 1.8 g/t Au1) and the past-producing Ridgeway Mine.
The Jones-Keystone and Landrum-Faulkner Properties occur at or near the same regional geological contact as the Haile and Ridgeway mines. At Jones-Keystone, mineralization is exposed at surface and historical drilling has yielded multiple drill hole intercepts in the 1 to 3 g/t range, including an interval of 1.56 g/t Au over 54m core length (which includes 3.01 g/t Au over 28m core length) in historical hole JK10-006, and an interval of 1.27 g/t Au over 104m core length (which includes 3.03 g/t Au over 14m core length) in historical hole JK11-0172,3.
1) Source: Technical report prepared for OceanaGold Corporation titled "NI 43-101 Technical Report for the Haile Gold Mine, Lancaster County, South Carolina" dated August 9, 2017. This information is not necessarily indicative of the mineralization on Orford Mining's properties.
2) Source: Technical report prepared for Revolution Resources Corporation titled "NI 43-101 Technical Report on the Champion Hills Gold Project" and dated January 17, 2013.
3) Note drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information.
Figure 1: Location of Orford Optioned Properties Relative to Regional Au Deposits.
This information 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, Vice President, Exploration of Orford, a Qualified Person under NI 43-101.
The information in this release has been prepared by management of Orford based on available historical information and does not meet the 43-101 standard for disclosure. There is no current report prepared in conformance with NI 43-101. Reference is made to the Management Information Circular dated September 18, 2017 filed on Orford's profile on SEDAR.
About Orford Mining Corporation
Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec and the Carolina Gold Belt in United States. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec and properties in the U.S. Carolina Gold Belt. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.
