Orford Mining Commences 2019 Exploration Program on the Qiqavik Gold Property
TSX VENTURE: ORM
TORONTO, May 13, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that it has begun the 2019 Exploration program on its Qiqavik gold project in the Cape Smith Belt located in Northern Quebec. The first phase of this program consists of a ground Induced Polarization (IP) survey to test high priority target areas. The survey began on May 8, 2019 and will continue for approximately two weeks.
David Christie, President and CEO of Orford, commented, "This detailed IP survey will provide fundamental targeting information in high priority exploration areas on the Qiqavik Property, including Interlake, Interlake South and a new visible gold showing to the south east of Interlake. We expect the survey will significantly augment our current database and allow us to target drilling of potential gold traps, specifically those that may exist in structures under the inter-lake area string of small shallow lakes. Completing this survey at this time will enable the exploration team to hit the ground running for the second phase summer exploration program with high quality, pre-defined drill targets. We are very encouraged by the high-grade gold and high-grade gold-copper results yielded by the Qiqavik property to date, specifically in the Interlake area where large thicknesses of gold mineralization were intersected during the 2018 drilling program (see Orford news release dated October 16, 2018). We look forward to continuing to explore the potential of this new 40 km long camp-scale gold belt located in a previously unexplored region of Canada."
Orford has retained the services of Abitibi Geophysics to perform the survey using the OrevisionTM system. The survey will be conducted at various line spacings in a pole-dipole configuration with an "a"-spacing of 25m. The IP survey will begin on Grid #2 (approximately 20 line-km) (Figure 1) starting east to west to cover the highest priority target areas. Grids 1 and 3 (approx. 30 line-km) will be completed during the summer exploration program.
Results of the survey will supplement data collected by Orford from 2016 to 2018 and assist in identifying sites of dilation along structures that were active at the time of gold mineralization in order to target potentially significant gold accumulations. The anomalies generated by the 2019 IP survey will be further defined by additional geochemical sampling of frost boils, glacial tills and grab samples as well as the completion of geological mapping and prospecting to define drill targets using a multi-parameter targeting model to support each proposed drill hole. Diamond drilling will be the third phase of the 2019 program to follow the IP and target definition phases.
Figure 1: Planned IP Survey Coverage Area on the Qiqavik Property. Note that grab samples are selective by nature and values reported may not be representative of mineralized zones. Drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information.
About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.
Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.
This information is not necessarily indicative of the mineralization on Orford Mining's properties.
About Orford Mining Corporation
Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. 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. 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.
To view further details about the Qiqavik and West Raglan Projects please visit Orford's website, www.orfordmining.com.
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 regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.
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.