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Orford Discovers New Gold Zone and Continues to Report Thick Gold Intersections in the South Gold Zone on the Joutel Eagle Property

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Orford Discovers New Gold Zone and Continues to Report Thick Gold Intersections in the South Gold Zone on the Joutel Eagle Property

 

 

 

 

 

Orford Mining Corporation (TSX-V: ORM) is pleased to report that it has drilled a possible new gold bearing horizon 150 meters to the north of the South Gold Zone on the Joutel Eagle Property. Hole 23-JE-007 has reported 1.3 g/t Au over 16.1 metres from 201.0 metres including higher grade intervals of up to 4.5g/t Au over 1.1 m, in a previously untested area of the Joutel Eagle Property  (Table 1, Figure 1). New Results from hole 23-JE-015 in the South Gold Zone reported 1.10g/t Au over 54.7 metres including higher grade intervals of up to 9.1g/t over 0.4 m (Table 1, Figure 1). This hole was drilled in the South Gold Zone, 25 metres southeast of the previously reported results from 23-JE-004 (14.6 metres of 4.1 g/t).  The majority of assays from the recently completed 2023 drill program are pending (Table 2). Note that all drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information.

 

David Christie, President and CEO of Orford, commented, “The 2023 drill campaign on our Joutel Eagle property has proven that the property has tremendous potential value with the discovery of a new zone 150 metres to the north of the South Gold Zone.  Drilling on the South Gold Zone continues to prove mineralized continuity along strike which was the main purpose of the program.”

 

The Joutel Eagle Property is located along the fertile Casa-Berardi Structural Zone and historical Eagle-Telbel Mine Trend in the Abitibi Greenstone belt. A total of 14 holes and 2,535 metres (Table 3) have been drilled in 2023. This drilling program has tested a 400-metre strike of the South Gold Zone (Figure 1). Both the 20221 and preliminary 20232 drilling results Orford received to date have shown that the South Gold Zone hosts higher grade gold over wider intersections than had been reported historically. Holes 23-JE-007 and 23-JE-006 (Table 1, Figure 1) were drilled to test:

  • possible parallel mineralized horizons to the north of the South Gold Zone,
  • possible cross structural corridors which may contribute to concentrating gold mineralization on the property.

 

The gold results obtained in Holes 23-JE-007 and 23-JE-006 (Table 1) successfully demonstrate the occurrence of additional gold mineralized zones in addition to the exciting thick South Gold Zone results. All other remaining assays are pending.

 

Data was collected during the drill program with a core orientation tool and a full structural interpretation will be completed once all assays have been received and reported to identify 1) additional targets in the South Gold Zone, 2) secondary targets which may be associated with structures hosting higher grades oblique to the South Gold Zone, and 3) other targets along strike and parallel to the South Gold Zone to the northwest and southeast  along the Eagle mine horizon.

 

___________________
1 Orford Mining News Release dated June 7, 2022.
2 Orford Mining News Release dated February 21, 2023.

 

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

 

From (m) To (m) Interval (m) Gold (g/t)
23-JE-004 100.3 114.9 14.6 4.1 Previously Reported February 21, 2023
including 106 114.8 8.8 5.8 Previously Reported February 21, 2023
including 112.8 114.8 2 8.6 Previously Reported February 21, 2023
including 113.1 113.4 0.3 28.7 Previously Reported February 21, 2023
23-JE-004 128.8 158.9 30.1 1.1 Previously Reported February 21, 2023
including 132.8 145.1 12.3 1.8 Previously Reported February 21, 2023
including 134.5 138.9 4.4 2.9 Previously Reported February 21, 2023
including 142.5 144.1 1.6 2.6 Previously Reported February 21, 2023
23-JE-005 36.8 42.6 5.8 2.4 NEW
including 41.5 42.8 1.3 10.9 NEW
including 42.3 42.7 0.4 27.7 NEW
23-JE-005 53.6 56.9 3.3 2.1 NEW
including 54 55.1 1.1 5 NEW
including 54 54.7 0.7 6.2 NEW
23-JE-005 85.6 93.6 8 1.5 Previously Reported February 21, 2023
including 85.6 90.4 4.8 1.8 Previously Reported February 21, 2023
including 85.6 86.5 0.9 4.6 Previously Reported February 21, 2023
23-JE-006 52.8 53.1 0.3 1.3 NEW
23-JE-006 55.2 56.7 1.5 0.7 NEW
23-JE-006 73 76.4 3.4 0.6 NEW
23-JE-007 201 217.1 16.1 1.3 NEW
including 201 212 11 1.8 NEW
including 205.6 212 6.4 2.4 NEW
including 206 210.4 4.4 3.0 NEW
including 206 207.1 1.1 4.5 NEW
23-JE-007 225.2 229.9 4.7 0.7 NEW
including 229.2 229.8 0.6 2.1 NEW
23-JE-015 81.1 135.8 54.7 1.1 NEW
including 81.1 109.7 28.6 1.7 NEW
including 82.9 88.3 5.4 2 NEW
and 84.9 88.3 3.4 2.5 NEW
including 86.8 88.3 1.5 3.8 NEW
including 87.9 88.3 0.4 7.4 NEW
and 96.5 109.3 12.8 2.7 NEW
including 102 109.3 7.3 3.5 NEW
including 103.7 109.3 5.6 4.0 NEW
including 103.7 104.4 0.7 7.2 NEW
including 107.6 109.3 1.7 4.7 NEW
including 108.1 108.5 0.4 9.1 NEW

 

Table 2: Status of Assay Results Received from the 2023 Joutel Eagle Drilling Program (SGZ=South Gold Zone)

 

Hole Number Assay Reported (%) Area
23-JE-004 100 SGZ
23-JE-005 100 SGZ
23-JE-006 99.1 North Horizon
23-JE-007 94.2 North Horizon
23-JE-008 0 SGZ
23-JE-009 0 SGZ
23-JE-010 0 SGZ
23-JE-011 0 SGZ
23-JE-012 0 SGZ
23-JE-013 0 SGZ
23-JE-014 0 SGZ
23-JE-015 50 SGZ
23-JE-016 0 SGZ
23-JE-017 0 SGZ

 

Table 3: Joutel Eagle: South Gold Zone Drill Hole Coordinates (UTM NAD83 Zone 17)

 

Hole ID X Y Length (m) Azimuth Dip
23-JE-004 684302 5490470 195 30 60
23-JE-005 684216 5490520 159 30 60
23-JE-006 684258 5490757 163 30 50
23-JE-007 684207 5490640 252 30 50
23-JE-008 684172 5490545 192 30 55
23-JE-009 684129 5490570 159 30 60
23-JE-010 684073 5490571 156 30 60
23-JE-011 684029 5490597 155 30 60
23-JE-012 684345 5490445 219 30 60
23-JE-013 684389 5490420 189 30 60
23-JE-014 684303 5490462 156 30 50
23-JE-015 684324 5490458 159 30 60
23-JE-016 684159 5490522 162 30 55
23-JE-017 684303 5490462 219 58 57
2535 Total m

 

Assays

 

Sample shipments were sealed and shipped to AGAT Laboratories, Val-d’Or, Québec. All gold assays reported were obtained by standard fire assay 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 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 which is associated with several gold deposits and, together with our McClure East property, gives Orford over 17 km coverage on the prolific CBSZ. 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).

 

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.

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

 

 


Figure 1: Map of the Joutel Eagle South Gold Zone Showing New Results and Completed Drilling. Note that All drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information. Information on adjacent properties is not necessarily indicative of the potential on Orford’s Joutel Eagle Property[1][2] (CNW Group/Orford Mining Corporation)

Posted March 31, 2023

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