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Orford hits 1.24 g/t gold over 28.10 metres on its Joutel Eagle Property

Orford hits 1.24 g/t gold over 28.10 metres on its Joutel Eagle Property
Canada NewsWire
TORONTO, June 7, 2022

TORONTO, June 7, 2022 /CNW/ – Orford Mining Corporation (TSXV: ORM) (Orford) is pleased to report drill hole assays from its winter drill…

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Orford hits 1.24 g/t gold over 28.10 metres on its Joutel Eagle Property

Canada NewsWire

TORONTO, June 7, 2022 /CNW/ – Orford Mining Corporation (TSXV: ORM) (Orford) is pleased to report drill hole assays from its winter drilling at the Joutel Eagle Property (“Joutel Eagle”) located along the historical Eagle-Telbel Mine Trend in the Abitibi Greenstone belt.

Highlights Include:
  • Confirmation of the location of the Historical “South Gold” mineralization system on the Joutel Eagle Property (Table 1).  Diamond drill holes 22-JE-002 and 003 were 50m apart along strike with hole 22-JE-002 hitting gold mineralization 140 metres below surface and hole 22-JE-003 hitting mineralization 60 metres above hole 22-JE-002 and 65 metres below surface (Figure 1).
  • Grades of up to 14.7 g/t gold over 0.64 metres included in an interval of 1.11 g/t gold over 20.64 metres were intersected in drill hole 22-JE-003 (Table 1).  These are higher than those reported historically from the system in nearby hole 80-19 which reported up to 1.03 g/t Au over 1.45m from 96.7 to 98.1 metres1, although much of hole 80-19 was redacted.
  • Orford has increased the width of the mineralization in drill hole 22-JE-002, previously reported (May 12, 2022) containing grades of up to 10.8 g/t gold over 0.84 metres, to now include an interval of 1.24 g/t gold over 28.10 metres within a much broader horizon of 0.97 g/t gold over 46.98 metres in hole 22-JE-002 (Table 1). 
  • The upper mineralization horizon contains higher grade sections associated with quartz veining occurring within broader lower grade intervals with abundant disseminated sulphides in altered volcanoclastics. Such intervals include 9.35 metres grading 2.20 g/t  gold, and 7.13 metres grading 1.70 g/t gold in hole 22-JE-002 (Table 1).
  • The lower mineralization horizon encountered in holes 22-JE-002 and 22-JE-003 contains massive to semi massive sulphides in a graphitic matrix, similar to what was encountered historically at the Eagle-Telbel mine along strike to the south east.

David Christie, President and CEO of Orford, commented, “We are very encouraged by the results of our first diamond drill program completed on the Joutel Eagle property.  We believe the wide near-surface gold mineralization shows some continuity vertically and believe it can grow to depth and along strike.  It is our view that there is considerable value in Orford’s reassessment of this historic gold camp and we look forward to the next phase of exploration at Joutel Eagle.”

Join CEO David Christie and VP Exploration Michelle Sciortino for a live event on June 9th at 2pm for more context to this news and additional details on upcoming catalysts for the company. Register at https://my.6ix.com/avnGy2gC . 

Table 1: Highlight of Joutel Eagle Drill hole assays received to date. All drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information. Composited intervals are reported at a cut-off of 0.5g/t Au. Shaded intervals were previously reported

Hole Number

Au (g/t)

Length (m)

From

To

22-JE-001

0.51

0.31

38.27

38.58

22-JE-001

0.61

0.41

72.74

73.15

22-JE-001

1.26

0.50

100

100.5

22-JE-001

0.80

0.88

206.41

207.29

22-JE-001

2.00

0.65

213.09

213.74

22-JE-001

1.76

1.00

229

230

22-JE-002

0.59

4.60

96.13

100.73

22-JE-002

0.97

46.98

153

199.98

Including

2.36

0.64

153

153.64

Including

1.14

6.56

156

162.56

Including

1.24

28.10

171.88

199.98

Including

5.04

1.60

173.34

174.94

Including

2.20

9.35

173.34

182.69

Including

8.78

0.73

174.21

174.94

Including

1.13

12.00

177

189

Including

10.80

0.84

178.7

179.54

Including

5.59

1.89

178.22

180.11

Including

1.70

7.13

192.85

199.98

22-JE-003

1.3

0.48

48.42

48.9

22-JE-003

0.6

0.76

50.43

51.19

22-JE-003

1.4

0.5

52.47

52.97

22-JE-003

1.11

20.64

84.83

105.47

including

3.64

4.23

85.84

90.07

Including

2.49

0.63

85.84

86.47

Including

3.62

0.85

86.47

87.32

Including

14.7

0.64

88.76

89.4

Including

1.34

0.67

89.4

90.07

Including

1.89

0.57

92.29

92.86

Including

4.41

0.39

92.86

93.25

Including

2.86

0.35

96.28

96.63

Including

2.29

0.33

102.14

102.47

22-JE-003

0.51

1.50

109.5

111

22-JE-003

1.78

4.15

124.85

129

Including

2.78

1.10

125.81

126.91

Including

2.29

0.69

126.91

127.6

Including

2.11

0.60

128.4

129

 

Table 2: Joutel Eagle: South Gold Zone Drill Hole Co-Ordinates (UTM And 83 Zone 17)

Hole ID

Azimuth

Dip

Easting

Northing

Length (m)

22-JE-001 

30

-65

684280

5490444

247

22-JE-002 

30

-70

684213

5490488

246

22-JE-003

30

-50

684262

5490480

195

Total Drilled to Date  (m)

688

The reference locations of historical holes used for 2022 drill targeting was estimated based on historical georeferenced maps, historical aerial imagery and the location of 3 historical casings found on the property resulting in some inaccuracy. As a result, the first hole 22-JE-001 was drilled too far to the south and did not reach the desired target/stratigraphy at the estimated depth. Holes 22-JE-002 and 22-JE-003 (Figure 1) did intersect the desired stratigraphy reported in historical holes 82-02 and 80-192 respectively.

Both Holes 22-JE-002 and 22-JE-003 intersected two types of mineralization:

  • Upper mineralization 153 to 189 metres (22-JE-002) and 84.83 to 105 metres (22-JE-003) associated with schistose volcaniclastics with quartz veining and silica flooding containing variable pyrite up to 20% Pyrite.  
  • Lower mineralization horizon of semi-massive to massive sulfides with variable graphite and silicification (192.85 to 199.98 metres in 22-JE-002, and 124.85 to 129 metres in 22-JE-003) similar to what was encountered historically at the Eagle-Telbel mine to the southeast.

Note that historically assaying was focused on areas of high sulphide abundance which resulted in holes being variably and partially assayed and in some cases such as hole 80-19 (proximal to 22-JE-003) contained many intervals of redacted assay results. The corresponding depths in hole 22-JE-003 (to hole 80-19) have reported gold mineralization.  The mineralization on the Joutel Eagle property contains higher grade intervals associated with pyrite in quartz veins, enclosed within broader low-grade mineralization associated with sulphide bearing altered volcaniclastics. Orford is currently planning a fall program consisting of geophysical survey to aid in helping plan a 2022/2023 winter drilling program.

Assays

Sample shipments were sealed and shipped to AGAT Laboratories, Val-d’Or, Québec. All gold assays reported were obtained by standard fire-assaying 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 gold3 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 (Figure 2). 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). 

Orford Mining is a gold explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford’s principal assets are located in two areas the Cape Smith Belt in the Nunavik region and the Joutel region of the Abitibi district. The Qiqavik and West Raglan projects comprise a land package totaling over 105,000 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 50 km mineralized trend.Orford has acquired four property positions(Joutel – Eagle, McClure East, Joutel – South and Joutel – Omega) totaling 26,815 hectares 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 Orford’s 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 historical data referred to in this release were obtained from historical work reports filed with the Quebec Ministry of Energy and Natural Resources and have 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, 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.

_______________________________________________

1

Report Number GM39763 and GM36699. Report number assigned to historical work in the Système d’information géominière of Québec “SIGEOM”, Quebec Ministry of Energy and Natural Resources https://sigeom.mines.gouv.qc.ca/

2

Report Numbers GM39763 and GM36699 respectively. Report number assigned to historical work in the Système d’information géominière of Québec “SIGEOM”, Quebec Ministry of Energy and Natural Resources https://sigeom.mines.gouv.qc.ca/

3

Système d’information géominière of Québec “SIGEOM”, Quebec Ministry of Energy and Natural Resources. April 20,2020 DV93-01

4

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 Mine Selabie: Système d’information géominière of Québec “SIGEOM”, Quebec Ministry of Energy and Natural Resources. November 1,2021,  DV 2000-02

 

SOURCE Orford Mining Corporation

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