Business
Orefinders to Resample and Compile over 31,000 Metres of Historical Drill Core on its Knight Project
Orefinders to Resample and Compile over 31,000 Metres of Historical Drill Core on its Knig...
About this update from Orecap Invest Corp
[{"type":"text","content":"\n\n\n\nOrefinders to Resample and Compile over 31,000 Metres of Historical Drill Core on its 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, June 3, 2019\n\n\n\nTORONTO, June 3, 2019 /CNW/ - Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (TSX.V: ORX) is pleased to announce a diamond drill core resampling program on its Knight Project, located in the Shining Tree District 70KM southwest of Kirkland Lake, Ontario.\nThe intent of this program is to resample and compile the Knight projects diamond drilling which has been completed prior to Orefinders consolidating this land package. Orefinders has 31,900 metres of diamond drill core in its possession and inventoried which it used to complete its geologic model as described in the Company's September 5, 2018 news release. \n\"31,900 metres of drill core represents a drill program of nearly $5 million. Given Knight's multiple mineralized zones together with some excellent drill intersections and history of production this program is looking to create value efficiently. We've spent considerable time revaluating the project to see how the pieces fit together. We see this next phase as a cost-effective way to add value and increase our understanding of the project. We plan on validating Knight's drill core and undertake resource estimates if warranted without drilling a metre in the near term. Going forward this will serve as the basis for expansion drilling as our geologic model shows a clear trend in the mineralization which we believe was not considered by previous owners,\" said Stephen Stewart, Orefinders CEO. \nHistorical Drill Core\nThe Knight project hosts over 250 diamond drill holes for a total of 44,230 metres.  On site at the Knight project Orefinders has inventoried a total of 31,900m of core that is in its possession.  Most of this core is from the drilling completed since the 1980's.  Except for the more recent sampling none of the old assays were controlled with QAQC procedures.  However sufficient drill core remains to undertake a...