Orford launches Inaugural Exploration on Underexplored Joutel-Omega
TORONTO, Oct. 8, 2021 /CNW/ - Orford Mining Corporation ("Orford") (TSXV: ORM) is pleased to announce that it will launch its inaugural exploration program In October on its Joutel-Omega Property. The program will consist of prospecting and geological mapping in areas of interest highlighted by a compilation of historical exploration work.
In November 2020, Orford announced it had increased its property holdings in the underexplored Joutel Region by claim staking the Joutel-Omega property (Figure 1). The 100% Orford owned Joutel-Omega property covers approximately 17,000 hectares of under explored Archean greenstone belt in Quebec's Abitibi District. Together with the previously acquired McClure East and Joutel South Properties, Orford now has approximately 21 km2 in the Joutel region.
Since acquiring the Joutel-Omega property, Orford has completed a compilation of existing data to outline prospective gold targets for preliminary field investigations. Most of the exploration work in the area was completed in the mid 1980's or earlier. Although minimal historical work has been completed on the Joutel-Omega property this compilation has identified several very interesting features for follow-up including:
Three diamond drill holes that identified anomalous gold that was never followed-up on (Table 1 & Figure 1). This includes
- Hole D-1, located in the north of the property, which shows several mineralized intervals of up to 11.6m of 0.67g/t Au including higher grade intervals of 1.46m of 1.7g/t Au and other similar intervals associated with rhyolitic porphyry and andesitic to dacitic tuffs with up to 1% pyrite, pyrrhotite and chalcopyrite rock type/mineralization style1 (Table 1, Figure 1);
- Hole MZ-86-1 0.34g/t Au over 0.5m associated with quartz veins in a contact altered volcaniclastics (with gabbro)2 (Table 1, Figure 1);
- Hole MZ-86-2 0.34g/t Au over 0.45m and 0.69g/t over 0.3m associated with quartz veins in a volcanoclastic hosted fault zone style3 (Table 1, Figure 1);
- Hole GM-87-5 0.34g/t Au over 1.52m associated with quartz veining in a sericite chlorite schist4 (Table 1, Figure 1).
1 Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. GM36002 |
2 Système d'information géominière of Québec "SIGEOM" , Quebec Ministry of Energy and Natural Resources. GM43357 |
3 Système d'information géominière of Québec "SIGEOM" , Quebec Ministry of Energy and Natural Resources. GM43357 |
4 Système d'information géominière of Québec "SIGEOM" , Quebec Ministry of Energy and Natural Resources. GM46895 |
The 2021 fall program will consist of field investigation of these prospective features in order to prioritize areas for geophysical surveys and detailed geological work to define drilling targets.
Drilling intervals quoted are down-hole lengths from historical data. True thicknesses cannot be estimated with available information. The technical information presented in this release was 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.
David Christie, President and CEO of Orford, commented "We are excited to get boots on the ground at our 100% owned Joutel-Omega property and use the systematic thorough exploration techniques that have worked well for us at Qiqavik. We believe the lack of historic exploration on the Joutel-Omega property is an opportunity for discovery in the heart of the prolific Abitibi District. "
Table 1: Summary of gold anomalies in historical drilling on the Joutel-Omega Property. Drilling intervals are down-hole lengths from historical data. True thicknesses cannot be estimated with available information. The technical information presented in this release was 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.
Drill Hole |
Year |
Report # |
From |
To (m) |
Interval |
Au g/t |
D-1 |
1977 |
GM36003 |
18.17 |
18.90 |
0.73 |
0.34 |
D-1 |
1977 |
GM36004 |
20.73 |
21.03 |
0.30 |
0.69 |
D-1 |
1977 |
GM36005 |
22.07 |
23.47 |
1.40 |
0.34 |
D-1 |
1977 |
GM36006 |
24.20 |
24.44 |
0.24 |
0.69 |
D-1 |
1977 |
GM36007 |
26.76 |
28.29 |
1.52 |
0.34 |
D-1 |
1977 |
GM36008 |
31.33 |
32.83 |
1.49 |
0.34 |
D-1 |
1977 |
GM36009 |
35.36 |
36.88 |
1.52 |
0.34 |
D-1 |
1977 |
GM36010 |
36.88 |
37.19 |
0.30 |
0.34 |
D-1 |
1977 |
GM36011 |
37.19 |
38.71 |
1.52 |
0.34 |
D-1 |
1977 |
GM36012 |
42.98 |
43.98 |
1.01 |
0.69 |
D-1 |
1977 |
GM36013 |
47.21 |
47.85 |
0.64 |
0.34 |
D-1 |
1977 |
GM36014 |
47.85 |
48.13 |
0.27 |
0.34 |
D-1 |
1977 |
GM36015 |
48.34 |
48.74 |
0.40 |
0.69 |
D-1 |
1977 |
GM36016 |
48.74 |
60.05 |
11.31 |
0.67 |
including |
1977 |
GM36017 |
48.74 |
49.74 |
1.01 |
0.34 |
1977 |
GM36018 |
49.74 |
50.41 |
0.67 |
0.34 |
|
1977 |
GM36019 |
50.41 |
51.88 |
1.46 |
1.71 |
|
1977 |
GM36020 |
51.88 |
53.19 |
1.31 |
0.34 |
|
1977 |
GM36021 |
53.19 |
54.35 |
1.16 |
0.69 |
|
1977 |
GM36022 |
54.35 |
55.47 |
1.13 |
0.34 |
|
1977 |
GM36023 |
55.47 |
56.57 |
1.10 |
0.69 |
|
1977 |
GM36024 |
56.57 |
57.42 |
0.85 |
0.34 |
|
1977 |
GM36025 |
57.42 |
57.73 |
0.30 |
0.00 |
|
1977 |
GM36026 |
57.73 |
58.52 |
0.79 |
0.34 |
|
1977 |
GM36027 |
58.52 |
60.05 |
1.52 |
1.03 |
|
D-1 |
1977 |
GM36028 |
60.05 |
61.57 |
1.52 |
1.37 |
D-1 |
1977 |
GM36029 |
62.09 |
62.70 |
0.61 |
0.69 |
D-1 |
1977 |
GM36030 |
63.83 |
64.13 |
0.30 |
2.40 |
D-1 |
1977 |
GM36031 |
64.13 |
64.43 |
0.30 |
0.69 |
D-1 |
1977 |
GM36032 |
65.68 |
66.14 |
0.46 |
0.69 |
MZ-86-1 |
1986 |
GM43357 |
unknown |
unknown |
0.5 |
0.34 |
MZ-86-02 |
1986 |
GM43357 |
unknown |
57.91 |
0.46 |
0.34 |
MZ-86-02 |
1986 |
GM43357 |
unknown |
unknown |
0.3 |
0.69 |
GM-87-5 |
1987 |
GM46895 |
93.6 |
95.1 |
1.52 |
0.34 |
GM-87-5 |
1987 |
GM46895 |
96.6 |
97.2 |
0.61 |
0.34 |
GM-87-5 |
1987 |
GM46895 |
101.3 |
102.0 |
0.61 |
0.34 |
The Company also wishes to correct an error in its news release issued on August 12, 2021, which incorrectly stated that the 330,000 non-transferable finder's warrants issued in connection with the Company's private placement referred to in that news release have a two-year term. The actual term of the finder's warrants is three (3) years.
About the Joutel-Omega Property
Joutel-Omega covers the Vanier-Dalet-Priorier Group (VDP) and Valerennes Volcanic Group (VVG). The latter is part of the Joutel-Raymond volcanic complex that hosts both Agnico-Eagle Mines Ltd.'s (TSX: AEM) founding gold mine, Eagle/Telbel, which produced in excess of 1.1 Moz of gold5 and a number of copper mines that have produced 244 Mlbs of copper, 116Mlbs of zinc and 52 Mlbs of silver6 (Figure 2). To the southeast, the VDP hosts the Sleeping Giant mine which produced 978,000 ounces (3.2 Mt @ 10.48g/t Au7). Information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties. The technical information presented in this release was 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.
The Joutel-Omega property is hosted in the VVG (part of the Joutel-Raymond group) and the VDP, both of which have been metamorphosed to greenschist facies and contain felsic volcanic and intermediate volcanic rocks of calc-alkaline affinity8. The property hosts several major structural features including the VDP shear and several cross-structures and folds that provide opportunities for brittle deformation as well as ductile and shear deformation to concentrate gold mineralization. Joutel-Omega has had very limited historical testing and is located within proven geological belts and structures. Orford looks forward to exploring the untapped potential that the Joutel-Omega Property adds to that of Orford Mining's emergent Nunavik projects, the Qiqavik gold and West Raglan nickel properties.
5 Système d'information géominière of Québec "SIGEOM" , Quebec Ministry of Energy and Natural Resources. April 20,2020 DV-93-01. |
6 Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. April 20,2020. DP-346, GM44192. |
7 Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. Nov 13,2020.DV 2010-01. |
8 Legault, M. et al. Contexte geologique du camp minier de Joutel, MB 2000-10. Quebec Ministiere de Ressources Naturelles. 2000. |
9 Casa Berardi: Hecla Mining, Mineral Resources Statement as of December 31, 2019. https://www.hecla-mining.com/casa-berardi/ Estrades: Technical report on the Mineral Resources Estimate for the Estrades Project, Northwestern Quebec Canada. Galway Metals, November 5, 2018, Amended March 15, 2019. Eagle /Telbel: Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. April 20,2020 DV93-01. Douay: Maple Gold Mines. Mineral Resource Statement as at October 24, 2019. https://www.maplegoldmines.com/index.php/en/projects/douay-gold-project#isDouayResourceEstimate . Vezza: Mineral Resources Estimate for the Vezza Project, located 25 km south of Matagami, Quebec, Maudore Minerals Ltd. December 31, 2012. Poirier Copper/Joutel Copper: Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. April 20,2020 DP346, GM44192. Sleeping Giant: Système d'information géominière of Québec "SIGEOM", Quebec Ministry of Energy and Natural Resources. November 13,2020. DV-2010-01 |
About Orford Mining Corporation
Orford Mining is a gold explorer focused on highly prospective and underexplored areas of Northern Quebec. 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 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. Orford also recently acquired three 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.
To view further details about the Orford's exploration projects please visit Orford's website, www.orfordmining.com.
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 technical information presented in this release was 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
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, West Raglan or Joutel area 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 .
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.
SOURCE Orford Mining Corporation
Please contact: David Christie President and CEO, 2 St. Clair Avenue West, 18th Floor, Toronto, ON M4V 1L4, T: 647-255-8037, www.orfordmining.com
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