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Orefinders Closes Acquisition of the Shining Tree Assets and renames new consolidated land package 'Knight Project'
Orefinders Closes Acquisition of the Shining Tree Assets and renames new consolidated land...
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[{"type":"text","content":"\n\n\n\nOrefinders Closes Acquisition of the Shining Tree Assets and renames new consolidated land package 'Knight Project'\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, Jan. 5, 2018\n\n\n\nTORONTO, Jan. 5, 2018 /CNW/ - Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (TSX.V: ORX) is pleased to announce that it has closed all of its Shining Tree area property acquisitions as described in November 30th, 2017's News Release. With the consolidation now complete, Orefinders owns a 100% interest in each of the properties.\n\n\n \n \n\n \nOrefinders would also like to announce that given the consolidation of nine properties each with individual names, the Company will be referring to this cohesive and contiguous land package as the Knight Project, with the individual property names reverting to zones within the broader project. \n\n\"Given the region's recent consolidation and previous variety of names, we felt it prudent to give the Knight Project a singular name and one which is distinct to Orefinders. Knight is the name of the Township where our core interest in the District is located and its more geographically accurate given that Shining Tree is actually 30km west of our focus. We expect 2018 to be a busy year for Orefinders and we are looking forward to unlocking the value within each of our assets,\" said Stephen Stewart, Orefinders CEO. \n\nKnight Project Highlights \n\nAs per Orefinders News Release from November 30, 2017, the Knight Project includes nine properties/zones know consolidated into one land package covering 67 claims, 14 patented leases covering over nearly 2,348 hectares. The Knight Project is located immediately adjacent to Tahoe Resources Inc.'s 1.09 million ounces Gold Indicated Resources and 2.91 million ounces Gold Inferred Resources Juby Gold Project.\n\n\nSeveral of the properties within the Knight Project 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...