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Orford has secured a C$2.3M strategic investment from Alamos Gold Inc. (TSX:AGI) in exchange for a 19.3% equity stake in Orford – the funds are expected to be used to kick-start Orford’s 2019 exploration program at the Qiqavik Project in the Cape Smith belt of northern Quebec. We view Orford as an inexpensive call option on a highly prospective district scale exploration play and believe the company could re-rate on the first hint of drilling success.
Thick gold intercepts warrant follow up work in Quebec; Carolina drilling also hit thick zones of low grade gold. The company announced results of the 2018 drilling and mapping program on its Qiqavik property in northern Quebec. Although very early days, the company is methodically progressing exploration at Qiqavik. In addition, they provided an update on the Jones Keystone and Landrum Faulkner drilling in the Carolina's. Qiqavik’s results continue to highlight this projects potential and with only ~16 weeks’ work completed to date, follow-up is needed.
This summer has not been pleasant for mining company share prices or for those of us that are invested in them. Falling commodity prices combined with excitement in other sectors has resulted in apathy towards mining companies in general. Recently, there has been a glimmer of hope with significant exploration results from GT Gold (TSXV:GTT) and RNC Minerals (TSX:RNX) that has driven each company’s share price significantly higher. One of the indicators that we follow, that we consider to be a reasonable indicator of bearish/bullish sentiment is the Gold/Silver Ratio, which is currently at a 2-year high.
Orford Mining has announced the completion of its 2018 summer prospecting, mapping and drilling program at its Qiqavik property in Northern Quebec.
Orford Mining has announced that it has entered into a definitive agreement to acquire Condor Precious Metals (Private) in an all-share transaction.
Orford announced the commencement of drilling at its Carolina Gold Properties, in North and South Carolina, to follow up on targets developed through geophysical and geological surveys announced in March.
We updated the look & feel of our RCKS Talk Research Blog in March 2018.
To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.
Click here to access the RCKS Talk Blog Archive for Orford Mining Corp. (TSXV:ORM)
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