Orefinders Completes Drilling on McGarry Project, Assays Pending

Orefinders Completes Drilling on McGarry Project, Assays Pending

Orefinders Resources Inc. ("Orefinders" or the "Company") (TSXV: ORX) is pleased to update shareholders on its now complete drill program at its McGarry Project. The drill program completed 5,433 metres of diamond drilling over 11 holes. Samples have been sent to the laboratory for assaying and the Company expects to receive the results in early June. Orefinders cautions the timing of lab results has been unpredictable.

The Company is now planning its next drill program on its Knight Project in the Shining Tree Distring of Ontario .

Details of McGarry Phase 1 Drill Program

Orefinders' McGarry project is immediately adjacent to the Kerr-Addison Mine. Drill targets for the Phase 1 program were defined based on the results of advanced 3-D constrained inversion modeling performed by Mira Geoscience of new geophysical data sets generated by an ORION SWATH survey performed for the Company by Quantec Geoscience (NR dated March 1, 2021 ). The new geophysical data sets include both IP (induced polarization) and MT (magnetotelluric) data that together provide high resolution coverage of the Project to depths of around 2,500 meters, which allows for more detailed modeling of the geology and structures at the Project than was previously possible, and for the identification of high priority drill targets.

The Phase 1 drill program and the geological, structural and geophysical context of the high priority drill targets are presented at the following link:

McGarry Phase 1 Drilling Program

QP Statement

The technical information in this news release has been reviewed and approved by Jared Beebe P.Geo ., a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

About Orefinders Resources Inc.

Orefinders is a gold exploration and development company focused exclusively on the Abitibi Greenstone Belt. The Company is listed on the TSX Venture Exchange under the symbol ORX. Agnico Eagle Mines Limited (TSX:AEM) holds an option to acquire up to a 75% interest in Orefinders Knight and McGarry projects (the "Projects") in exchange for spending $60 million on the Projects.

N either TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Orefinders' assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Orefinders. Additional information identifying risks and uncertainties is contained in filings by Orefinders with Canadian securities regulators, which filings are available under Orefinders' profile at www.sedar.com .

For the latest updates, please contact or follow us on Twitter @OrefindersR

SOURCE Orefinders Resources Inc.

Cision View original content: https://www.newswire.ca/en/releases/archive/May2022/25/c0331.html

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Orefinders Appoints Gerry Brockelsby as Chief Investment Officer

Orefinders Appoints Gerry Brockelsby as Chief Investment Officer

Orefinders Resources Inc. (TSXV: ORX) (OTCQB: ORFDF) ("Orefinders" or the "Company") is pleased to announce that it has appointed Gerry Brockelsby as its Chief Investment Officer.

"We are excited to add Gerry to the team, as he represents the evolution of our strategy to source special situations and strategic investments within the precious and critical metals sector. Specifically, Orefinders seeks active investments where our team can add value through enacting change. As an exempt market dealer and licensed portfolio manager, Gerry has financed countless Canadian exploration companies throughout his career. His knowledge of the issuers, their projects, and their sources of capital make him an excellent addition to our team," said Stephen Stewart, Chair of Orefinders.

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‎"This financing and a change in leadership at Awalé represents a special situation where an active approach can add value to our investments. We are excited to partner with the Awalé team and its new CEO, Andrew Chubb, who has a clear plan to advance their Odienné project. Odienné is a large-scale and exciting copper-gold (IOCG) project that has attracted both equity investment and a joint venture partnership with the world's largest gold miner, Newmont Corp. Newmont is scheduled to spend $3 million on Odienné in 2023. With fresh leadership, a restored balance sheet, and significant news flow on the horizon from Newmont's Investment in Odienné, we see a bright future for Awalé. So much so that Charles Beaudry and I will be personally co-investing alongside Orefinders," said Stephen Stewart, Orefinders CEO.

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The Company shall acquire the 100% interest in the Project over a 48 month period through the payment of a total of $450,000 in cash or common shares of the Company (the "Consideration Payments"), along with the completion of a total of $750,000 in work obligations on the Project (the "Work Obligations"). Payment of the Consideration Payments, if made in common shares of the Company ("Common Shares") shall be based on the 15 day volume weight average price in the 15 days prior to the due date of the payment (the "Deemed Share Price"). Where the Deemed Share Price is less than $0.045 per Common Share, the Company shall make the ‎Consideration Payment in cash, and where the Deemed Share Price is $0.045 or more, the ‎Company shall make the Consideration Payment in Common Shares.‎

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Warriedar Resources Managing Director Amanda Buckingham.

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Managing Director Amanda Buckingham shared the company’s plan to move the project forward with a three-fold strategy that includes finding more gold at Ricciardo, stepping out at the Golden Corridor and looking for additional resources.

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 INN Interview Highlights Prismo Metals' Exploration in Palos Verdes , Los Pavitos , and Hot Breccia  Projects

INN Interview Highlights Prismo Metals' Exploration in Palos Verdes , Los Pavitos , and Hot Breccia Projects

(TheNewswire)

Prismo Metals Inc.

Investing News Network( INN)

During the Prospectors & Developers Association of Canada (PDAC) convention, the Investing News Network (INN), a premier source for resource and mining news and investor education, filmed interviews with experts and CEOs of leading companies. In a recent CEO Interview published on InvestingNews.com, Mari-Len DeGuzman interviewed Alain Lambert, the Executive Chairman of Prismo Metals (CSE:PRIZ) at PDAC. Lambert discussed updates and strategic plans for the company's silver, copper, and gold projects, including the latest on their collaboration with Vizsla Silver and forthcoming exploration efforts.

Strategic Collaboration and Exploration at Palos Verdes

Lambert reminded viewers that Palos Verdes, a silver prospect in Mexico, stands as one of Prismo Metals' flagship properties. Surrounded by Vizsla Silver Corp. (TSXV:VZLA) territory, which encompasses the remainder of the district, Prismo benefits from a strategic relationship with Vizsla. Following a recent $34 million bought deal closure by Vizsla, Lambert highlighted their ongoing collaboration, which includes a technical committee aimed at exploring the district's northeast.

With three successful drilling campaigns under their belt, Prismo Metals is preparing for a robust exploration program into Palos Verdes. Lambert expressed excitement about the upcoming fourth drilling campaign, which will extend into Vizsla's already permitted property, promising further insights into the prospect's potential.

Los Pavitos and Hot Breccia: Expanding Exploration Horizons

In addition to Palos Verdes, Prismo Metals is making waves with their Los Pavitos gold prospect, spanning over 5,300 hectares in the Sonora State, Mexico. The first drilling campaign in 2023 yielded exceptional results, extending the prospective zone significantly. Plans for geophysics and further drilling later this year are in place to capitalize on these findings.

Moreover, Lambert shed light on the Hot Breccia copper project in Arizona, poised to capture investors' attention. Awaiting drilling permits, Prismo anticipates initiating exploration on this property, situated in the heart of Arizona's copper belt. With historical data backing its potential, the focus will soon shift to twinning old holes, exploring the vast copper resources.

Investment Appeal and Future Focus

Addressing investors at PDAC, Lambert confidently positioned Prismo Metals as a compelling investment opportunity, drawing parallels with recent successes in the space, such as Hercules Silver Corp. (TSXV:BIG). With high expectations for the Hot Breccia project and continued exploration at Palos Verdes and Los Pavitos, Prismo Metals is dedicating substantial resources to uncover the next significant discovery.

As Prismo Metals gears up for a year filled with promising exploration activities and strategic collaborations, Lambert's message to investors is clear: keep a close eye on Prismo Metals. With a strong exploration strategy and potential for significant discoveries, Prismo Metals represents an intriguing opportunity in the mining sector.

For more insights on Primso Metals check INN's exclusive profile of the company:

https://investingnews.com/stocks/cse-priz/prismo-metals/

For complete coverage of The Prospectors & Developers Association of Canada (PDAC) 2024 visit: https://investingnews.com/pdac/

About the Investing News Network:

The Investing News Network (INN) is a leading source of independent news and educational content for investors. Since 2007, INN has been providing breaking news, analysis and expert commentary on the latest developments in the resources and mining, tech, and life science sectors. With a global network of reporters and analysts, INN is committed to providing accurate, timely and actionable information to investors.

For more information, please visit the Investing News Network website at InvestingNews.com .

Contact:

Chris Smith

CSO

Investing News Network

+1 (604) 688-8231

csmith@investingnews.com

Copyright (c) 2024 TheNewswire - All rights reserved.

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