TORONTO, June 28,
2023 /CNW/ - Orford Mining Corporation (TSXV: ORM)
(Orford) is pleased to report that
its exploration teams have been mobilized to Camp Chukotat in the
Nunavik Region of Northern Quebec
to commence exploration on its Nunavik Lithium, Qiqavik Gold and
West Raglan Nickel Projects (Figure 1). Camp Chukotat will be
Orford's base camp for all its
exploration efforts in the Nunavik Region in 2023. Exploration in
2023 on these projects is multi-faceted ranging from prospecting to
drilling to airborne geophysics.
David Christie, President and CEO
of Orford, commented,
"Orford is geared up for a busy
multi commodity and multidiscipline exploration program across its
Nunavik properties. We are especially eager to get boots on
the ground for the first time exploring our Nunavik Lithium
properties as well as applying the new structural targeting
approach for drilling on our Qiqavik Gold project."
Nunavik Lithium Project (100% Orford)
The inaugural exploration program on the 455 square kilometers
of land in Nunavik at the margins of the Cape Smith belt will use
the recently completed remote sensing work (news release
June 16, 2023), along with historic
Quebec Government mapping data and lake sediment sampling
data. Government work includes mapping and sampling of
pegmatites which, combined with the remote sensing work, has helped
to define high priority targets across the properties. Work to be
completed by Orford will
include:
- Prospecting using portable analyzers (LIBS and XRF) for real
time analysis on the 50+ high priority targets areas referred to in
Orford's June 16, 2023 news release.
- Orford exploration teams will
take grab samples, chip and channel samples where appropriate.
- When warranted, based on visual and LIBS results, Orford may use the RAB drill that will be on
its Qiqavik Gold project to drill test prospective pegmatites that
have been identified by field teams on surface.
Qiqavik Gold Project (100% Orford)
The geological understanding of the Qiqavik property geology has
evolved to a level that has improved the targeting approaches for
the 2023 exploration program. This program is truly a
multi-faceted program including airborne and ground geophysics,
prospecting, mapping and drilling including:
- 660 line-km of airborne magnetic and EM surveying. The survey
will be flown on East-West lines over the known Annick Trend and its northward extension (up to
9 km total strike length (previous surveys were flown subparallel
to this trend which is perpendicular to regional geology).
- IP ground geophysics on the north part of the Annick trend over
the area with the highest-grade boulders which reported up to 648
g/t gold. This IP survey together with a recently completed
structural interpretation will be used to help target the
drilling.
- Prospecting and mapping focused on newly identified late-stage
deformation D3 structures oriented Northwest-Southeast, and
possible Northeast trending structures that may correspond to be
the Annick trend.
- The final phase of work on the Qiqavik property will include
RAB (Rotary Air Blast) drilling, targeting 25 to 60 Targets,
focused principally on the Annick trend.
Note that grab samples are selective by nature and values
reported may not be representative of mineralized zones.
West Raglan Nickel-Copper-PGE Project (51% Wyloo Metals/49%
Orford)
The West Raglan Project is a joint venture with Wyloo Metals
Pty. Ltd.("Wyloo"). Wyloo earned a 51% interest level in the
joint venture in early 2023 and notified Orford of its intent to increase Wyloo's
interest to 70% as stated in Orford's February 14,
2023 press release.
- This year's program funded by Wyloo and operated by
Orford is a target-building
program and includes 1,981 line-km of airborne magnetic and EM
surveying over the South Trend (also referred to as the Canadian
Royalties Nunavik Nickel Mine trend).
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 and shown in this figure 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 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.
SOURCE Orford Mining Corporation