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Orefinders Resources Inc. (TSXV:ORX) announced that it has begun a 1,200-meter drill program at its Derlak gold project, which is situated not far from Red Lake, Ontario. The program is aimed at testing selected geophysical targets identified by a December 2012 Quantec Titan-24/DC/IP/MT survey.
Orefinders Resources Inc. (TSXV:ORX) announced that it has begun a 1,200-meter drill program at its Derlak gold project, which is situated not far from Red Lake, Ontario. The program is aimed at testing selected geophysical targets identified by a December 2012 Quantec Titan-24/DC/IP/MT survey.
As quoted in the press release:
The current program will test a regional unconformity between the Balmer and Confederation Assemblages known as the “Madsen Trend.” This unconformity is recognized in the Red Lake camp for hosting significant gold mineralization associated with the Austin and McVeigh tuff horizons. These tuff horizons are the recognized host rocks at the Madsen mine, located immediately southwest along strike from the property, with the 21st level of the mine closely approaching the Derlak claim boundary.
Potential gold bearing sulphide mineralization associated with the Austin and McVeigh Tuffs along the Madsen unconformity will also be tested with holes planned to test deep seated targets that have never been previously tested by the shallow historical drilling.
Click here to read the full Orefinders Resources Inc. (TSXV:ORX) press release.