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Knight gold project, Canada

15th February 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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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.

Client
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 between 2009 and 2012. Porphyry Lake is a mineralised porphyry system with elevated gold values. This property hosts a similar high-grade breccia pipe to that of Minto, with five holes (853 m) drilled between 2011 and 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.

Value
Not stated.

Duration
Not stated.

Latest Developments
Orefinders recently compiled and integrated all previous work on Knight, helping further define exploration plans and targets. Three-dimensional models were also generated for the Tyranite, Minto, Porphyry Lake and Duggan properties as a result.

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.
Orefinders CEO Stephen Stewart, email sstewart@orefinders.ca.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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