Orefinders Resources (TSXV: ORX) this morning released assay results from its drill program at the Knight Project, located southwest of Kirkland Lake, Ontario. Results released this morning come from a single hole, TYR20-004, which posted highlight results of 15.6 g/t gold over 3.6 metres.
Two mineralized sections were intersected within the hole, with the highlighted assay result occurring between 604.4 metres and 608 metres downhole. The intersection notably included an interval of 42.1 g/t gold over 0.8 metres. The gold was reportedly intersected approximately 200 metres below the previously excavating zone at the historic mine on the property.
The second interval, which assayed at 2.2 g/t gold over 9.0 metres, was intersected at a depth of 530 metres downhole. Mineralization here was found roughly 145 metres below the mines previously excavated zone. The intersection included the intervals of 4.6 g/t gold over 1.0 metre, and 6.9 g/t gold over 1 metre, which occurred at depths of 530 metres and 538 metres respectively.
The drill program remains ongoing at the property, with a total of thirteen holes now completed. The company also noted that assays have been significantly delayed by the lab, with the latest results submitted November 27, 2020, and subsequently returned January 27, 2021.
Orefinders Resources last traded at $0.13 on the TSX Venture.
Information for this briefing was found via Sedar and Orefinders Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
