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Orefinders Announces Beginning of 5,000m Phase 2 Drill Program at Knight Gold Project
Orefinders Announces Beginning of 5,000m Phase 2 Drill Program at Knight Gold Project ...
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[{"type":"text","content":"\n \n \n \n Orefinders Announces Beginning of 5,000m Phase 2 Drill Program at Knight Gold Project\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Oct. 20, 2021\n \n /CNW/ -\n \n \n Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (TSX.V: ORX) is pleased to announce that the Phase 2 drilling program (previously described in a News Release dated\n \n September 22, 2021\n \n ) is now underway at the Knight Gold Project, in the Shining Tree district of the southern Abitibi belt about 100 kilometres southwest of\n \n Kirkland Lake, Ontario\n \n .\n \n \n The Phase 2 program is focused on extending mineralization at the historical Tyranite Mine (Tyranite Zone) to the South and to depth and also on testing a new exploration target zone to the South of the Duggan Zone, located about 2,000 metres to the West of Tyranite (Figure 1).\n \n \n The 5,000 metre Phase 2 drill campaign at the Knight Project kicked off on\n \n October 13\n \n with a single rig and approximately 400 metres have been completed in the first drill hole. Drill targets are defined based on a combination of geostatistical analyses of gold distributions at the Tyranite and Duggan zones and recently completed structural and geophysical models generated by Mira Geoscience that have led to a refined understanding of the structural setting of gold mineralization at Tyranite and Duggan and to the identification of a new exploration target zone that will be explored during the Phase 2 program.\n \n \n \n Details of the Drill Program\n \n \n \n In preparation for the Phase 2 program, drill targets were identified based on geostatistical analyses of the distribution of gold mineralization at the Tyranite and Duggan zones (shown in yellow in Figure 1) and on the results of structural interpretations and constrained inversion modeling of Orefinders' proprietary high resolution aeromagnetic data set that is derived from a survey with 15 metre flight line spacing and 35 metre terrain clearance.\n \n \n The first-ord...