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Orefinders Announces a Transformational Acquisition and Consolidation of Shining Tree District
Orefinders Announces a Transformational Acquisition and Consolidation of Shining Tree Dist...
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[{"type":"text","content":"\n\n\n\nOrefinders Announces a Transformational Acquisition and Consolidation of Shining Tree District\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Nov. 30, 2017\n\n\n\nTORONTO, Nov. 30, 2017 /CNW/- Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (TSX.V: ORX) is pleased to announce that it has entered into agreements for a series of three acquisitions of contiguous properties from two individual landholders and from Premet Inc., a private company. All properties are in the Abitibi's Shining Tree district of Ontario. All of the patented leases and mining claims comprising these three acquisitions will be 100% owned by Orefinders and are adjacent to Tahoe Resources Inc.'s Juby Gold Project. \n\nOrefinders is acquiring the following assets:\n\n1.    Premet Inc.'s assets include 100% ownership of: \n\n\n7 proximate properties, including 5 former producing mines in the Minto Mine, Tyrenite Mine, Duggan Mine, Mann Mines, and the MacMurchy, Fawcett, and Corona claims\nSeveral of the properties host very high grade and/or long gold mineralization intercepts as demonstrated by drill results between 2010 and 2013, notably on the Minto Mine:\n\n13.3 gpt Gold (11.0 gpt if cut to 31.1 gpt) over 82.5 metres in drill hole MC-09-01 (Creso Exploration news release August 9, 2010)\n18.2 gpt Gold (7.9 gpt if cut to 31.1 gpt) over 65.7 metres and 4.61 gpt Gold (3.5 gpt if cut to 31.1 gpt) over 79.6 metres in drill hole MC-09-02 (Creso Exploration news release June 8, 2010)\n1.01 gpt Gold over 192.0 metres, including 5.04 gpt Gold over 24.4 metres in drill hole MC-11-11 (Creso Exploration news release May 11, 2011)\n1.15 gpt Gold over 280 metres, including 5.2 gpt Gold over 3.44 metres, 3.2 gpt Gold over 5.47 and 3.4 gpt Gold over 41 metres in drill hole MC-10-03b (Creso Exploration news release October 29, 2010)\n\n\nDuggan Mine's near-surface intersections include:\n\n1.52 gpt Gold over 75.5 metres in drill hole D3-07 (Creso Exploration news release June 8, 2011)\n2.20 gpt Gold over 34.50 metres including 40.0 gpt Gold over 1.0 me...