- Orford Mining (ORM) reported more gold zones on its Joutel Eagle Property in Northern Québec
- Results from recent assays have confirmed, extended and better defined a series of thick, near-surface mineralized zones at the South Gold Zone within 150 metres of surface
- Gold mineralization intersected in the top 40 metres in one hole, which reported 1.7 g/t Au over 15.7 metres from 21.65 to 37.35 metres, including 5.8 g/t Au over 4.1 metres
- Orford Mining Corp. (ORM) opened trading at $0.15 per share
Orford Mining (ORM) reported more gold zones on its Joutel Eagle Property in Northern Québec.
Results from recent assays have confirmed, extended, and better defined a series of thick, near-surface mineralized zones at the South Gold Zone within 150 metres of surface including:
- Gold mineralization intersected in the top 40 metres in hole 23-JE-008 which reported 1.7 g/t Au over 15.7 metres from 21.65 to 37.35 metres, including 5.8 g/t Au over 4.1 metres
- 23-JE-004 reported 4.1 g/t Au over 14.6 metres from 100.30 to 114.90 metres, including higher grade intervals
- Newly received assay results include 3.8 g/t Au over 10.0 metres from 108.0 metres to 111.0 metres in hole 23-JE-016
Thick mineralized intersections of up to 1.1 g/t Au over 54.7 metres including higher grade intervals of 1.7 g/t Au over 28.6 metres were reported from the South Gold Zone.
Drilling down-dip of shallow mineralization at the South Gold Zone has confirmed the extension of mineralization at depth with all intercepts remaining open at depth. Historical drilling indicates that mineralization continues to 300 metres’ depth and is open below.
Drilling to the north of the South Gold Zone has identified a new mineralised trend, the North Gold Zone, which reported 1.3 g/t Au over 16.1 metres.
The 15 holes drilled at the South Gold Zone in 2022 and 2023 have shown that the South Gold Zone hosts higher grade gold mineralization over wider intervals than had been reported historically. The South Gold Zone mineralization is open at depth and is observed as deep as 300 metres in historical drilling reporting 2.9 g/t over 6.3 including 5.3 g/t Au over 2.3 metres.
The Joutel Eagle Property is along the fertile Casa-Berardi Structural Zone and historical Eagle-Telbel Mine Trend in the Abitibi Greenstone belt.
Orford’s drilling results have shown that the South Gold Zone hosts higher grade gold over wider intersections than had been reported historically.
The property is optioned to Globex Mining Enterprises Inc. (TSX:GMX)
Orford’s president and CEO, David Christie said in a news release that the results from the 2023 drilling campaign on the South Gold Zone at the Joutel Eagle property have proven the team’s hypothesis of a shallow and thick zone hosting continuous gold mineralization.
“These results will be used to plan infill drilling and expand results at depth in order to achieve a resource estimate. We look forward to also drill testing the newly discovered North Gold Zone along strike,” Christie said.
Orford Mining is a gold explorer focused on highly prospective and underexplored areas of Northern Québec.
Orford Mining Corp. (ORM) opened trading at $0.15 per share.
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