ONTARIO – The area around Kirkland Lake continues to reward drillers with bonanza grades. The latest is Orefinders Resources of Vancouver that has drilled 27.7 g/t Au (uncut) over 4.9 metres at its Mirado gold project. That assay was part of a 19.20-metre intercept that averaged 4.77 g/t Au.
Orefinders is earning a 100% interest in Mirado from Jubilee Gold Exploration. Orefinders began drilling on the property earlier this year for the first time since 1987 and hopes to produce a resource estimated later this year.
According to Bill Yeomans, Orefinders president and CEO, "The South zone continues to report bonanza grade gold intercepts of potentially bulk mineable gold mineralization proximal to the ramp and open pit where a preliminary bulk sample was extracted by previous operators. The 2013 drilling has successfully expanded South zone mineralization over a surface area of 250 metres x 300 metres and currently remains open along strike and at depth. North zone high grade intercepts have been intersected at depths well below all of the previous historical drilling. The North zone also remains open to further expansion along strike and at depth."
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