The Joutel Eagle Property is an advanced exploration stage gold property with approximately 20,000 metres of historic drilling and 3,253 m of current drilling completed by Orford in 2022 & 2023 that has identified multiple gold zones to guide Orford's exploration efforts in 2024.
The property is adjacent to Agnico Eagle's past producing Eagle-Telbel operation which produced in excess of 1.1 Moz of gold. The Joutel Eagle Property covers 11 km of strike length of the prolific
The most developed zone on the Joutel Eagle Property is the "
- Gold mineralization intersected in the top 40 metres in hole 23-JE-008 which reported 1.7 g/t Au over 15.7 m from 21.65 to 37.35 m, including 5.8 g/t Au over 4.1 m (News Release
June 23 , 2023). - 23-JE-004 which reported 4.1 g/t Au over 14.6 m from 100.30 to 114.90 m including 28.7 g/t gold over 0.32 m (News Release
June 23 , 2023). - Thick mineralized intercepts of up to 1.1 g/t Au over 54.7 m including higher grade intervals of 1.7 g/t Au over 28.6 m (23-JE-015, News Release
June 23 , 2023). - Historical drilling indicates that mineralization continues to 300 m below the surface and is open at depth.
- Drilling to the north of the
South Gold Zone has identified a new mineralized trend ("North Gold Zone ") which reported 1.3 g/t Au over 16.1 m (23-JE-007, News ReleaseJune 23, 2023 , Figure 2).
The Joutel Eagle Property also hosts multiple satellite gold and copper intercepts and potential VMS targets (Figure 1) based on historical drilling across the property where no subsequent follow up work has been completed. The Gagné Zone is located in the southern part of the property (Figure 1) and was last worked in the 1990s. Historical work reported grab samples from trenching that included: 26.2 g/t Au, 15 g/t Au, 20.23 g/t Au, and 17.8 g/t Au associated with quartz veins that cut the Joutel tonalite. The area has not yet been drill-tested.
Future work on the Joutel Eagle Property will consist of drill program planning on the
On
Orford announces that it has today issued 2,500,000 common shares at a deemed price of
Orford has granted a total of 4,150,000 stock options to management, directors and consultants pursuant to its stock option plan. The options, which are exercisable at
To view further details about Orford's exploration projects please visit Orford's website, www.orfordmining.com.
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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; delays in obtaining governmental approvals; or 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.sedarplus.ca.
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.
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