Orefinders Resources Inc. (TSXV:ORX) announced high grade channel sampling results from the fall trenching and channel sampling program at its Mirado project in Northeastern Ontario.
As quoted in the press release:
Orefinders channel sampled 11.35 g/t Au (21.8 g/t Au uncut) over 4.80 meters and 2.43 g/t Au over 9.20 meters in trenches located 200 meters west along strike from the western margin of the conceptual open pit shell developed by SRK using Whittle software and its Lerchs-Grossman optimising algorithm. Reported channel sample lengths are representative of true width.
Orefinders President, Bill Yeomans, said:
The Mirado channel sampling results demonstrate excellent exploration potential on adjacent ground located along strike from the current NI-43-101 compliant resource. The reported high grade trench mineralization shares remarkable similarities to the Mirado deposit in terms of host rock and style of gold mineralization. Areas outside the boundary of the conceptual open pit shells designed and outlined by SRK on maps accompanying this press release are vastly under-explored with only a limited amount of historical drilling. Orefinders recognized the potential of these under-explored areas and now controls over 6 kilometers of favorable volcanic stratigraphy along strike from the Mirado gold deposit. Much of this recently acquired ground was obtained through staking and is 100% owned.