|By Marketwired .||
|June 18, 2014 02:51 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/18/14 -- Orefinders Resources Inc. (TSX VENTURE: ORX) has commenced summer field exploration at its wholly-owned Mirado gold project in Kirkland Lake, Ontario. A detailed mapping, sampling and trenching program has commenced with field crews currently exploring high priority gold targets. During the past six months, Orefinders has expanded its land position at Mirado by staking an additional 1,120 hectares along strike from the Mirado gold deposit where a NI 43-101 compliant inferred resource of 442,000 ounces at an average grade of 1.29 g/t Au was identified during the first year of drilling on the property.
More than a dozen gold occurrences are located along a strike length of 9 km from the Mirado gold deposit and will be evaluated during the current field program. Two styles of mineralization are recognized on the recently acquired ground:
-- Gold targets located along strike from the Mirado South Zone that will be evaluated for potential to host bulk tonnage gold mineralization within flat lying intercalated mafic/felsic volcanic stratigraphy. -- The second style of gold mineralization on the property includes polymetallic volcanogenic massive sulphide (VMS) occurrences hosted within vertically dipping intercalated felsic and mafic volcanic stratigraphy. The current exploration program will test the potential for Au-Ag-Cu-Zn mineralization on the property.
Environmental base line studies are ongoing and road infrastructure development will commence during the third week of June. It is anticipated that all road construction will be completed within 4-6 weeks, allowing for excellent year round access for heavy equipment.
On behalf of the Board of Directors
William Yeomans, P. Geo, President
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking statements. Orefinders assumes no obligations to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless required by securities laws applicable to Orefinders. Additional information identifying risks and uncertainties is contained in filings by Orefinders with Canadian securities regulators, which filings are available under Orefinders profile at www.sedar.com.