Advertisement

Orefinders updates Knight Project

Article content

Orefinders Resources has provided an update on its exploration and drill plans since the announcement of the $60 million strategic investment and partnership with Kirkland Lake Gold.

Advertisement

Story continues below

Article content

Company officials say “since then the respective technical teams have completed the planning and budgeting and are prepared to proceed with a Phase 2 drill program on Orefinders Knight Gold Project in the Shining Tree District.”

They add “The Phase 2 drill program is planned for 5,000 metres and is expected to begin by the end of the third quarter of) 2021. This program is a follow-up to Orefinders Phase 1 drill program, which was completed on April 9.”

Company officials also state “Phase 2 drilling will include several holes designed to test the continuity of the higher-grade mineralization beneath and to the south of the Tyranite mine. Targeting includes following a moderately-steep plunge angle within a region that has not previously been drilled. Phase 2 drilling will also include follow up exploration on the Duggan target zone where positive results were returned from Phase 1 drilling.”

26 drill holes were completed at the Knight Project representing 11,204 metres. Results from all assays have now been received representing the 6,232 samples from the Phase 1 program that were submitted to the assay lab.

Latest National Stories

Advertisement

Story continues below

News Near Kirkland Lake

This Week in Flyers