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SERVICES OR DISSEMINATION IN THE UNITED
STATES/
TORONTO, June 20,
2023 /CNW/ - Orford Mining Corp.
("Orford" or the
"Company") (TSXV: ORM) announces that, further to its news
release dated June 5, 2023 announcing
the closing of the first tranche of its non-brokered private
placement (the "Offering"), the Company has been advised by
the TSX Venture Exchange that is has received a 30-day extension of
the Offering to July 26, 2023.
Orford expects to close multiple
tranches of the financing in that extended period.
About Orford Mining Corporation
Orford Mining is a
gold and critical mineral explorer focused on highly prospective
and underexplored areas of Northern
Quebec. Orford's principal
assets are the Qiqavik, West Raglan and lithium exploration
projects comprising a land package totaling over 111,000 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. In early 2023 Orford acquired large claim
blocks targeting Lithium in the Nunavik Region. These Lithium claim
blocks have been carefully selected as having promising lithium
potential after an exhaustive compilation of available data.
Orford also has four 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.
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 assays referred to in this release were 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 exploration
potential of its mineral 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.
SOURCE Orford Mining Corporation