• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Orefinders to Acquire Kirkland Lake-Larder Lake Properties

    Charlotte McLeod
    Mar. 12, 2013 02:19PM PST
    Gold Investing

    Orefinders Resources Inc. (TSXV:ORX) announced that it has entered into agreements to acquire a number of properties along a major structure in the Kirkland Lake-Larder Lake gold district, noting that it has also obtained an option from Misema Holdings Ltd. regarding four leased mining claims. In both cases, the deal structures in place should allow the company to quickly reach 100-percent ownership.

    Orefinders Resources Inc. (TSXV:ORX) announced that it has entered into agreements to acquire a number of properties along a major structure in the Kirkland Lake-Larder Lake gold district, noting that it has also obtained an option from Misema Holdings Ltd. regarding four leased mining claims. In both cases, the deal structures in place should allow the company to quickly reach 100-percent ownership.

    As quoted in the press release:

    This land package includes patent claims optioned from the “Yost” estate which have not been optioned or explored since the late 1940′s. The last historical drilling program on the Yost patents occurred in 1949 and consisted of two short diamond drill holes which targeted the “South Break” structure. Gold values up to 2.08 ounces per ton gold over 8 feet were reported at a shallow depth of 50 feet in mineralized syenite, a favorable host rock associated with many of the largest gold deposits in the Kirkland Lake gold district.

    A second option was obtained from Misema Holdings Ltd. with regard to four leased mining claims located along the eastern extension of the Yost patent claims, providing four kilometers of strike along the South Break. The property is flanked by the Trans-Canada highway, with all season secondary roads and major power lines on the property. Mining and exploration service companies are based in the nearby towns of Kirkland Lake and Larder Lake, maximizing exploration budget expenditures directly into the ground. The South Break project is surrounded by Osisko land holdings in this mature gold camp.

    Click here to read the full Orefinders Resources Inc. (TSXV:ORX) press release. 

    tsxv:orxlargest gold depositscanada
    The Conversation (0)

    Go Deeper

    AI Powered
    Drill Program Set to Resume at Golden Goliath’s Kwai Project, Red Lake, Ontario

    Drill Program Set to Resume at Golden Goliath’s Kwai Project, Red Lake, Ontario

    Omni Commerce Identifies High Grade Gold Sampling at Northshore

    Omni Commerce Identifies High Grade Gold Sampling at Northshore

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×