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Orefinders Announces start of 4,000 meter Drill Program at McGarry Gold Project
Orefinders Announces start of 4,000 meter Drill Program at McGarry Gold Project ...
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[{"type":"text","content":"\n \n \n \n Orefinders Announces start of 4,000 meter Drill Program at McGarry 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 \n TORONTO\n \n \n ,\n \n \n Feb. 9, 2022\n \n \n /CNW/ - Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (TSXV: ORX) is pleased to announce the kick-off of the 4,000 metre Phase 1 drill program on its McGarry Gold Project (McGarry, or the Project), near\n \n Virginiatown, Ontario\n \n , about 35 kilometers east of the town of\n \n Kirkland Lake\n \n . McGarry includes a segment of the Larder Cadillac Fault Zone (LCFZ) which is a regionally important structure associated with gold deposits in the Abitibi Greenstone Belt, such as the Kerr Addison deposit that is situated about 1,500 meters east of the Project and that produced about 12 Moz (million ounces) of gold. The Project includes an Indicated Mineral Resource of 123 Koz (thousand ounces) Au and an Inferred Mineral Resource of 30 Koz Au that are determined as of\n \n September 30, 2011\n \n .\n \n \n The 4,000 metre Phase 1 drill campaign at McGarry includes 10 planned drill holes and kicked off on\n \n February 3, 2022\n \n with a single drill rig. The first drill hole has been completed for a total depth of 288 meters. The second hole is currently at approximately 150 meters depth and has a planned final depth of 420 meters. No assays have as yet been returned from Phase 1 drilling.\n \n \n Phase 1 drill targets are defined based on the results of advanced 3-D modeling of new, extensive geophysical data sets generated for the Company in 2021. The new data sets and modeling have led to a refined understanding of the geological and structural settings of potentially mineralized zones at McGarry and to the identification the 10 high priority drill targets that will be tested by the present drill program.\n \n \n \n Details of the Phase 1 Drill Program\n \n \n \n Drill targets for the Phase 1 program were defined based on the results of advanced 3-D constrained inversion modeling p...