| Announcement Date: | 2022-07-18 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Orefinders Resources Inc. |
| Project name: | McGarry |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 1m @ 7.52g/t Au from 309m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | TORONTO, July 18, 2022 /CNW/ – Orefinders Resources Inc. (“Orefinders” or the “Company”) (TSXV: ORX) is pleased to announce the results from assays received from its 4,000-meter drill program on the McGarry Gold Project. The assays demonstrate mineralization in several locations, including what the Company believes could represent a new mineralized zone. Based on the results, the Company has identified several targets on the property that require further exploration. McGarryDrill Highlights: Drill hole MCG22-007 intercepted gold from 309 to 310 metres of 7.52 g/t gold, and drill hole MCG22-004 intercepted 4.43 g/t gold from 466 to 470 metres. These two intercepts represent what appears to be a new mineralized zone, as both intercepts are on the same gradient on the northwest side of the same geophysical anomaly. Being 850 meters apart and with no historical drilling between intercepts, the next round of drilling is expected to consist of ten 500m holes into the same geophysical anomaly to test the potential of a nearly 1km mineralized zone. |
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