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Orefinders Updates on Knight Drilling and Juby Acquisition By Caldas
Orefinders Updates on Knight Drilling and Juby Acquisition By Caldas Canada NewsWi...
About this update from Orecap Invest Corp
[{"type":"text","content":"\n\n\n\nOrefinders Updates on Knight Drilling and Juby Acquisition By Caldas\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\nCanada NewsWire\nTORONTO, June 1, 2020\n\n\n\nTORONTO, June 1, 2020 /CNW/ - Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (ORX:TSX.V) is pleased to provide an update on its Knight Project's pending exploration and drill program. In addition to the exploration update, the Company would like to update shareholders on the recent and significant acquisition of the Juby project by Caldas Gold Corporation (CGC: TSX.V) (\"Caldas\"), which is contiguous to the Knight property. Caldas Gold Corporation is 74% owned by Gran Colombia Gold (GCM:TSX).\n\"We are pleased to welcome Caldas as our new neighbours to the district and congratulate them on a fantastic strategic acquisition of Juby. We are especially pleased to have Juby owned by a group who appears intent on investing in it and in the Shining Tree district, much like Orefinders is. The Juby is a large gold resource on the highway in Ontario, which has not seen much investment over the last 5 years given its owners were silver focused South American operators,\" said Stephen Stewart, CEO of Orefinders, who continued, \"If it were not for Covid-19, it is likely that Orefinders would be drilling on the Knight project as we speak. However, given the current environment we have chosen to be pragmatic and cautious while remaining eager to begin our fully funded drill program on Knight.\"\nMap of Orefinders Knight and Caldas Juby Projects\nKnight Project Drill ProgramOrefinders has outlined three distinct targets on its Knight Gold Project which it plans to drill in 2020. Each target has a distinct geological style and have not been previously drill tested.\nThe untested drill targets include:\n1.    Porphyry Lake IP Anomaly Target\nWell developed high chargeability, low resistivity anomaly, 250m wide and 300m long and confirmed on 2 additional lines to south. Possible mineralized porphyry core of gold-rich alteration system. Large ...