Name of the Project
Knight gold project.
Location
The project is located in the Shining Tree district, in Ontario, Canada, within the prolific gold-producing Abitibi greenstone belt.
Project Owner/s
Orefinders Resources.
Project Description
The project is a consolidation of six adjacent, high-potential properties with similar geology, along with significant drilling, exploration and development:
Tyranite is a past producer with significant infrastructure in place and a historical resource of 472 000 t at 6.9 g/t gold, and 40 holes (8 762 m) drilled between 2009 and 2011.
Minto is a very high-grade breccia pipe with a historical resource of 225 000 t at 6.2 g/t gold, and 16 holes (7 815 m) drilled from 2009 to 2012.
Porphyry Lake is a mineralised porphyry system with elevated gold values. This property hosts high-grade breccia pipe similar to that of Minto, with five holes (853 m) drilled from 2011 to 2017.
Duggan has a similar high-grade geological setting and mineralisation as those of Tyranite, with openpit potential, and 20 holes (7 680 m) drilled between 2007 and 2013.
Further, the Knight project abuts the Pan American Silver-owned multimillion-ounce Juby gold project to the south.
Orefinders considers the Knight gold project on par with Iamgold’s Cote Lake project, which would require further consolidation with Juby to create a significant district-scale multimillion-ounce asset in the heart of Ontario that can easily be accessed by road.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
Not stated.
Latest Developments
Orefinders Resources announced in November 2019 that it had completed its exploration programme on the Knight project and all analytical results had been received from the laboratory.
The data has confirmed the presence of gold and arsenic in bedrock anomalies coincident with Minto-type magnetic features, and ten new targets have been outlined between the Minto breccia and the western shore of Porphyry Lake over a strike length of about 2.3 km.
Follow-up exploration on the Minto-type anomalies will comprise additional prospecting on the ten targets, as well as line cutting and induced polarisation geophysical surveying over the best targets represented by the combined magnetic and geochemical responses. Any anomalous induced polarisation response on any of these anomalies will be considered a high-quality drill target.
Orefinders also started its core resampling programme at Knight in September 2019, which will validate 31 900 m of drill core at its Tyranite, Duggan and Minto properties. The intent of the resampling programme is to compile the Knight project’s diamond drilling, which had been completed prior to Orefinders consolidating this land package. Resampling the core is another step towards a National Instrument 43-101 resource estimate at Knight.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Orefinders, tel +416 644 1567 or email info@orefinders.ca.