Orefinders Resources Inc. (TSXV:ORX) announced that results from a deep-penetrating Titan 24 DC-IP-MT survey over its Ontario-based Derlak Red Lake gold property have increased its understanding of the Madsen Trend, the main gold-bearing structure on the property.
Orefinders Resources Inc. (TSXV:ORX) announced that results from a deep-penetrating Titan 24 DC-IP-MT survey over its Ontario-based Derlak Red Lake gold property have increased its understanding of the Madsen Trend, the main gold-bearing structure on the property.
As quoted in the press release:
The “Madsen Trend” defines a major unconformity between the Balmer and Confederation volcanic assemblages, a regional structural feature that hosts the historic Madsen gold mine, with reported historical production of 2.45 million ounces of gold from 1938 to 1976. Deep underground workings at the Madsen Mine were developed northeast from the Madsen #2 headframe along the mineralized gold bearing “Austin Tuff” horizon to within close proximity of Orefinders’ claim boundary. The deep penetrating Titan survey identified several favorable drill target areas along the “Madsen Trend” on the Derlak patented claims.
Bill Yeomans, president of Orefinders, commented:
We are pleased that the Titan geophysical survey has identified several large, deep-seated geophysical targets on the property that have never been tested. Drilling will commence in the near future to test the economic potential these targets.
Click here to read the full Orefinders Resources Inc. (TSXV:ORX) press release.
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