6 minute read
Orford Mining
MINING ITS OWN BUSINESS
Orford Mining chevron-square-right www.orfordmining.com phone-square 001 416 309 0609
A mineral explorer with a unique gift for sniffing out untapped potential in Northern Quebec, Orford Mining has two flagship projects currently underway, both of which are producing promising results.
Already known to be a viable mining location, Quebec plays host to a number of mining operations, but now, it can add Orford Mining to the list. Listed as the “8th most attractive mining jurisdiction” by the Fraser Institute, an independent research and educational company based in Canada, Quebec has long been an attractive prospect for ambitious mining operations and Orford Mining is producing the kind of results that demonstrate exactly why.
A diverse project portfolio
Far from being a one-trick pony, Orford Mining has interests in gold, as well as nickel and copper and is actively searching for them all at both the Qiqavik and West Raglan project sites,
“Qiqavik bears similarity to the Abitibi gold camp and has camp scale potential. West Raglan hosts outcropping nickel-copper-PGE sulphide mineralisation over more than 35 km of strike length.”
With a 100% interest in the Qiqavik project, found in northern Quebec, Orford Mining is able to take full advantage of the high-grade gold, silver, copper and zinc deposits that are discovered throughout the 240 square km site. Endeavour Magazine | 41
With gold proving to be the most promising resource in the region, a thorough season of exploration in 2017 resulted in,
“…three new drill-supported high-grade gold discoveries and five new high-grade gold prospecting discoveries at surface that remain untested by drilling. Orford also identified a significant structural break, the Qiqavik break, across the 40 km property, a substantial portion of which is left to be explored.”
It’s quite something to not only find valuable deposits but also identify areas ripe for further exploration, as that directly contributes to a long lifespan for the mines and continuous shareholder value.
As with Qiqavik, the West Raglan project is a 100% Orford Mining-owned interest, but the comparisons end there. A fully established project, it is in a far more advanced state of progression, producing high-grade polymetallic nickel out of two mines, but explorations are giving rise to justified optimism of more,
“Exploration work to date at West Raglan has identified outcropping sulphide mineralisation over more than 35 km of strike length with very limited testing at many zones. Magnetic signatures, lithogeochemistry and geology are the same at West Raglan’s Frontier zone as Glencore’s Raglan Mine.”
Pooling resources
Mining is an expensive business, regardless of how much high-grade material is discovered, processed and sold. That’s why so many companies seek to attract outside investment and committed shareholders, with Orford Mining not being an exception to the rule.
Having opened itself up for private placement financing options in 2018, Orford Mining has now partnered with Alamos Gold with the latter snapping up “14,764,706 common
shares of Orford, or 19.3% of its issued and outstanding common shares”. Discussing the transaction, Orford Mining CEO, David Christie, noted that,
“I look forward to working with Alamos as a partner and key Orford shareholder. We will benefit greatly from the expertise and experience of the Alamos representatives on our new exploration advisory committee as we advance the exploration program at Qiqavik – a greenfield gold discovery where high-grade gold surface showings have been discovered in multiple locations across 45 kilometres.”
It’s easy to see why Alamos Gold would be keen to hitch its wagon to Orford Mining, as it is a unique mineral exploration company that seeks to target sites that offer optimistic prospects but are, as yet, very much underexploited. It’s a formula that has demonstrably been working, given the lack of competition in certain locations, leading to easy acquisition and phenomenal yields. Of course, this sets in motion a self-sustaining cycle of success, with potential shareholders taking note of results and making a note to jump on the next opportunity to acquire shares and get a piece of the action for themselves.
Teeming with talent
Regardless of how promising a mining location looks to be, nothing ever gets started or reaps rewards for shareholders unless a spectacular management team and suitable board of directors is in place and Orford Mining has both.
Boasting a collective experience of many decades, within exceptionally specialist areas, both professionally and in terms of education, the Orford Mining management team is a force to be reckoned with. Led by professional geologist and resources expert, David Christie, the four-strong contingent of leaders clocks up an impressive 80+ years of mining industry knowledge and expertise. These years are further supported by the board of directors’ own experiences, which range from corporate finance through to legal and mineral exploration. It wouldn’t be a stretch of the imagination to suggest that when combined, there is nothing that the management team and board of directors doesn’t know, when it comes to maximising the potential of any mining project.
A glittering future
Boasting a land package of more than 70,000 hectares in the northern Quebec Cape Smith Belt, Orford Mining is in a phenomenal position. Given that the region is largely underexplored, the potential for high-grade deposit discoveries is, essentially, limitless, which continuous exploration endeavours confirm. With a new phase of investigation having recently begun in the Qiqavik project, whereby increasingly technical equipment is being brought in to confirm and expand on the 2017 survey findings, David Christie revealed that the entire management team is feeling positive,
“We are very encouraged by the high-grade gold and high-grade gold-copper results yielded by the Qiqavik property to date, specifically in
the Interlake area where large thicknesses of gold mineralisation were intersected during the 2018 drilling programme. We look forward to continuing to explore the potential of this new 40 km long camp-scale gold belt located in a previously unexplored region of Canada.”
Where some companies might shy away from seemingly uncharted areas, Orford Mining strides ahead, seizing every opportunity and looking to unleash previously undiscovered potential. It’s this entrepreneurial and adventurous spirit that continues to make it stand out from competitors and keep Canada firmly on the mining map.
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La Fédération des coopératives du Nouveau-Québec is owned by it’s fourteen member co-ops in the Inuit communities of Nunavik, Canada. The purpose of the co-op movement is to get it’s members to achieve their own development through social and economical activities that are financially sustainable. •
SUCCESSFUL ACTIVITIES WITHIN THE LAST 50 YEARS Coop retail stores in each of the 14 communities of Nunavik with a wide selection of merchandise at competitive prices. Supply, storage and distribution of petroleum products (bulk or in drums). Construction of residential, institutional, industrial and commercial projects, as well as civil projects. Hotel and travel agency. Guided hunting and fishing experience, as well as tourism in Nunavik. Maritime cargo shipping. Specialized transport in mining industries. Logistical and provisional services for special projects.