Orford Mining Corporation

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Orford Mining is a mineral explorer focused on a highly prospective and under-explored area of Northern Quebec.

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Orford Mining Corporation

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Orford Mining is a mineral explorer focused on a highly prospective and under-explored area of Northern Quebec....

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8020Admin posted a press release Orford Commences 2019 Summer Exploration Program at Qiqavik Gold Property in ORFORD MINING CORPORATION


TORONTO, July 10, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that it has begun the second phase of the 2019 Exploration program at its 100% controlled Qiqavik gold project located in the Cape Smith Belt (northern Quebec). Following-up on the first phase spring geophysical work, the second phase of this program consists of further ground Induced Polarization (IP) surveying, Airborne Electromagnetic (EM) surveying, and detailed geological and structural mapping, followed by drilling to test high priority target areas on the property. The field program began on July 8th, 2019 and is expected to take approximately eight weeks to complete.  After completing two financings this spring, Orford is fully financed to complete this summer exploration program.


David Christie, President and CEO of Orford, commented, "This detailed geophysical and geological work will provide fundamental targeting information in high priority exploration areas on the Qiqavik Property, including Interlake, Interlake South and a new visible gold showing to the south east of Interlake. The surveys will refine targets defined during the spring IP program at Interlake, where large thicknesses of gold mineralization were intersected during the 2018 drilling program (see Orford news release dated October 16, 2018). 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. Our understanding of this new gold belt has evolved since the 2016 field program and we are eager to put our knowledge to work in the 2019 field program."


Orford has retained the services of Abitibi Geophysics to perform the IP survey using the OrevisionTM system. The survey will be conducted at various line spacings in a pole-dipole configuration with an "a"-spacing of 25m. Geotech has been retained to perform the airborne EM survey using the VTEMTM plus time-domain system.


Results of the survey will supplement data collected by Orford from 2016 to 2019 and assist in identifying sites of dilation along structures that were active at the time of gold mineralization in order to target potentially significant gold accumulations. The anomalies generated by the 2019 geophysical surveys will be further defined by additional geochemical sampling of frost boils, glacial tills and grab samples as well as the completion of geological and structural mapping and prospecting to further define drill targets using a multi-parameter targeting model to support each proposed drill hole. Diamond drilling will be completed the second half of the 2019 summer program following the geophysical and target definition phases. A 1,500 metre diamond drilling program, comprised of 9 – 12 holes, is currently planned at Qiqavik.



Figure 1: 2016-2018 High Grade Gold Surface Grab samples and Planned Geophysical Survey Coverage Area on the Qiqavik Property(1) (CNW Group/Orford Mining Corporation)



https://mma.prnewswire.com/media/944980/Orford_Mining_Corporation_Orford_Commences_2019_Summer_Explorati.jpg


1) Note that grab samples are selective by nature and values reported may not be representative of mineralized zones 



Figure 2: 2016-2018 Significant Drilling Results and Planned Geophysical Survey Coverage Area on the Qiqavik Property(2) (CNW Group/Orford Mining Corporation)



https://mma.prnewswire.com/media/944981/Orford_Mining_Corporation_Orford_Commences_2019_Summer_Explorati.jpg


2) Drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information.


About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




About Orford Mining Corporation
Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan Projects please visit Orford's website, www.orfordmining.com.


Qualified Person
The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. 


The information regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.


Cautionary Statement Concerning Forward-Looking Statements
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.



Orford Mining Corporation (CNW Group/Orford Mining Corporation)



SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/10/c7436.html

David Christie, President and CEO, 141 Adelaide St West, Suite 1608, Toronto, ON Canada M5H 3L5, T: (416) 309-0609, www.orfordmining.com 

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8020Admin

5 days

8020Admin posted a press release Orford Closes Private Placement Financing, Proceeds to be used to Fund 2019 Gold Exploration Program at Qiqavik in ORFORD MINING CORPORATION


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, July 5, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that, further to its news releases of June 17 and June 28, 2019, it has closed a non-brokered multi-tranche private placement financing (the "Offering") of an aggregate of 8,963,337 common shares which will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) collectively the "Flow-Through Shares"), for aggregate gross proceeds of C$1,305,460. The first tranche consisted of 5,457,692 Flow-Through Shares at an issue price of C$0.13 per Flow-Through Share for gross proceeds of C$709,500. The second tranche consisted of 3,505,645 Flow-Through Shares at an issue price of C$0.17 per Flow-Through Share for gross proceeds of C$595,960.



In addition, Orford issued 9,678,373 hard dollar units ("Units") at an issue price of C$0.10 per Unit for gross proceeds of C$967,837. The Units are comprised of one common share of Orford and one-half common share purchase warrant (each whole warrant a "Warrant"). Each Warrant is exercisable at a price of C$0.20 per common share for a period of 24 months following the closing date, subject to acceleration in the event that the volume weighted average trading price of the common shares on the TSXV is equal to or greater than or greater than C$0.60 or higher for a period of more than 20 consecutive trading days following the date that is four months and one day following the closing date.



The total gross proceeds of the Offering was C$2,273,297.


The proceeds from the issuance of Flow-Through Shares will be used by Orford to continue the exploration of the Qiqavik [high-grade gold] project in Northern Quebec and incur Canadian Exploration Expenses ("CEE"), and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2019 to the subscribers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares.


The proceeds from the issuance of the Units will be used by Orford to continue the exploration of the Qiqavik project in Northern Quebec and for general corporate purposes. The Qiqavik project represents a new gold discovery in the Cape Smith Belt of Northern Quebec.


Following completion of the Offering, there are 94,975,170 issued and outstanding common shares of Orford. The Flow-Through Shares and Units issued under the Offering are subject to a statutory hold period of four months plus a day following the date of closing.


Orford understands that Alamos Gold Inc. (AGI-TSX) ("Alamos"), which subscribed for Units and acquired additional Orford shares from a third party in a private transaction, now owns a total of 21,107,634 common shares of Orford, or 22.2% of its issued and outstanding common shares. Orford also understands that Royal Nickel Corporation ("RNC"), which subscribed for Units, now owns or controls a total of 22,502,911 common shares of Orford, or 23.7% of the issued and outstanding shares.


Alamos has acquired the Orford shares for investment purposes, which will be evaluated and increased or decreased from time to time at Alamos' discretion. A copy of the Alamos Early Warning Report is available on SEDAR at https://www.sedar.com or can be requested by contacting Scott Parsons, Vice-President, Investor Relations, at SParsons@alamosgold.com, 416-368-9932 (ext 5439) or by mail at Brookfield Place, 181 Bay Street, Suite 3910, Toronto, Ontario M5J 2T3.


RNC has acquired the Orford shares for investment purposes, which will be evaluated and increased or decreased from time to time at RNC's discretion. A copy of the RNC Early Warning Report is available on SEDAR at https://www.sedar.com or can be requested by contacting Rob Buchanan, Investor Relations, at rbuchanan@rncminerals.com or by mail at 141 Adelaide Street West, Suite 1608, Toronto, Ontario M5H 3L5.


About the Qiqavik High-Grade Gold Property


The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




 


About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/05/c3329.html



David Christie, President and CEO, T: (416) 309-0609, www.orfordmining.com

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8020Admin

12 days

8020Admin posted a press release Orford Mining Announces Results of 2019 Annual Meeting and Provides Private Placement Financing Update in ORFORD MINING CORPORATION


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, June 28, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSXV: ORM) is pleased to announce the results of its 2019 Annual Meeting of Shareholders held today.



At the meeting, the shareholders of Orford Mining elected David Christie, Mark Goodman, John Leddy, Ben Pullinger, Mark Selby, Lawrence Smith and Alger St-Jean as directors of the Company for the ensuing year.



The shareholders also voted in favour of the appointment of PricewaterhouseCoopers LLP as the auditor of the Company for the ensuing year. 


Further to the Company's news release dated June 17, 2019 announcing the proposed private placement financing, the Company has increased the size of the hard dollar unit offering ("Units") and intends to sell up to 9,678,373 units at an issue price of C$0.10 per Unit for gross proceeds of up to approximately C$967,837. The Units will be comprised of one common share of the Corporation and one-half common share purchase warrant (each whole warrant a "Warrant"). Each Warrant will be exercisable at a price of C$0.20 per common share for a period of 24 months following the closing date, subject to acceleration in the event that the closing trading price of the common shares on the TSXV is at or greater than C$0.60 for a period of more than 20 consecutive trading days following the date that is four months and one day following the closing date of the Offering.


About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the closing of the proposed private placement financing, liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws..


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/28/c0605.html



David Christie, President and CEO, T: (416) 309-0609, www.orfordmining.com

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8020Admin

23 days

8020Admin posted a press release Orford Announces Private Placement Financing in ORFORD MINING CORPORATION





/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, June 17, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce a non-brokered multi-tranche private placement financing (the "Offering") of an aggregate of up to 10,488,139 common shares which will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) collectively the "Flow-Through Shares"), for aggregate gross proceeds of up to C$1,500,000. The first tranche will consist of up to 6,923,077 Flow-Through Shares at an issue price of C$0.13 per Flow-Through Share for gross proceeds of up to C$900,000. The second tranche will consist of up to 3,565,062 Flow-Through Shares at an issue price of C$0.17 per Flow-Through Share for gross proceeds of up to C$600,000.



In addition, the Corporation intends to sell up to 8,585,589 hard dollar units ("Units") at an issue price of C$0.10 per Unit for gross proceeds of up to C$850,000. The Units will be comprised of one common share of the Corporation and one-half common share purchase warrant (each whole warrant a "Warrant"). Each Warrant will be exercisable at a price of C$0.20 per common share for a period of 24 months following the closing date, subject to acceleration in the event that the closing trading price of the common shares on the TSXV is at or greater than C$0.60 for a period of more than 20 consecutive trading days following the date that is four months and one day following the closing date of the Offering.



The total expected gross proceeds of the Offering are expected to be up to C$2.35 million.


The gross proceeds from the issuance of Flow-Through Shares will be used by Orford to continue the exploration of the Qiqavik project in Northern Quebec and incur Canadian Exploration Expenses ("CEE"), and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2019 to the subscribers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares.


The net proceeds of the Units will be used by Orford to continue the exploration of the Qiqavik project in Northern Quebec as well as for general corporate purposes. The Qiqavik project represents a new gold discovery in the Cape Smith Belt of Northern Quebec.


Orford understands that Alamos Gold Inc. (AGI-TSX), owner of 19.3% of Orford's issued and outstanding common shares, intends to maintain or increase its' equity ownership in Orford.


Closing of the Flow-Through Share tranches of the Offering is expected to occur as soon as possible, and closing of the Units portion of the Offering is expected to occur in early July 2019. These issuances are subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSXV. The Flow-Through Shares and Units issued under the Offering will be subject to a statutory hold period of four months plus a day following the date of closing.


Alamos is acquiring the shares for investment purposes, which will be evaluated and increased or decreased from time to time at Alamos' discretion. A copy of the Alamos Early Warning Report is available on SEDAR at https://www.sedar.com or can be requested by contacting Scott Parsons, Vice-President, Investor Relations, at SParsons@alamosgold.com, 416-368-9932 (ext 5439) or by mail at Brookfield Place, 181 Bay Street, Suite 3910, Toronto, Ontario M5J 2T3.


About the Qiqavik Property


The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



   This information is not necessarily indicative of the mineralization on Orford Mining's properties.




 


About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the closing of the Offering [and the participation of Alamos Gold Inc. in the Offering].


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/17/c0380.html



David Christie, President and CEO, T: (416) 309-0609, www.orfordmining.com

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8020Admin

2 months

8020Admin posted a press release Orford Mining Closes Private Placement; Alamos Gold becomes a Strategic Investor in Orford in ORFORD MINING CORPORATION


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, May 17, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) announces that, further to its news release dated May 9, 2019, it has closed a non-brokered private placement of (i) 11,764,706 flow-through common shares at an issue price of C$0.17 per share, and (ii) 3,000,000 hard dollar common shares at an issue price of C$0.10 per share.



Orford understands that Alamos Gold Inc. (AGI-TSX) now owns a total of 14,764,706 common shares of Orford, or 19.3% of its issued and outstanding common shares. Following completion of this private placement, and the issuance described below, there will be 76,333,460 issued and outstanding common shares of Orford. Two Alamos nominees will serve on a newly-created Orford exploration advisory committee, which will help guide future programs along the high-grade Qiqavik gold trend and elsewhere.



David Christie, President and CEO of Orford commented, "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."


Subject to TSX-V approval, Orford will also issue 354,546 common shares as payment to a service provider for services unrelated to the private placement contemplated in this press release.


About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Qualified Person


The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. 


The information regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/17/c0182.html

David Christie, President and CEO, 141 Adelaide Street West, Suite 1608, Toronto, Ontario, M5H 3L5, T: (416) 309-0609, www.orfordmining.com 

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8020Admin

2 months

8020Admin posted a press release Orford Commences 2019 Exploration Program on the Qiqavik Gold Property in ORFORD MINING CORPORATION


TORONTO, May 13, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that it has begun the 2019 Exploration program on its Qiqavik gold project in the Cape Smith Belt located in Northern Quebec. The first phase of this program consists of a ground Induced Polarization (IP) survey to test high priority target areas. The survey began on May 8, 2019 and will continue for approximately two weeks.


David Christie, President and CEO of Orford, commented, "This detailed IP survey will provide fundamental targeting information in high priority exploration areas on the Qiqavik Property, including Interlake, Interlake South and a new visible gold showing to the south east of Interlake. We expect the survey will significantly augment our current database and allow us to target drilling of potential gold traps, specifically those that may exist in structures under the inter-lake area string of small shallow lakes. Completing this survey at this time will enable the exploration team to hit the ground running for the second phase summer exploration program with high quality, pre-defined drill targets. 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 mineralization were intersected during the 2018 drilling program (see Orford news release dated October 16, 2018). 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."


Orford has retained the services of Abitibi Geophysics to perform the survey using the OrevisionTM system. The survey will be conducted at various line spacings in a pole-dipole configuration with an "a"-spacing of 25m. The IP survey will begin on Grid #2 (approximately 20 line-km) (Figure 1) starting east to west to cover the highest priority target areas. Grids 1 and 3 (approx. 30 line-km) will be completed during the summer exploration program.


Results of the survey will supplement data collected by Orford from 2016 to 2018 and assist in identifying sites of dilation along structures that were active at the time of gold mineralization in order to target potentially significant gold accumulations. The anomalies generated by the 2019 IP survey will be further defined by additional geochemical sampling of frost boils, glacial tills and grab samples as well as the completion of geological mapping and prospecting to define drill targets using a multi-parameter targeting model to support each proposed drill hole. Diamond drilling will be the third phase of the 2019 program to follow the IP and target definition phases.



Figure 1: Planned IP Survey Coverage Area on the Qiqavik Property. Note that grab samples are selective by nature and values reported may not be representative of mineralized zones. Drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information. (CNW Group/Orford Mining Corporation)



About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




About Orford Mining Corporation
Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan Projects please visit Orford's website, www.orfordmining.com.


Qualified Person
The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. 


The information regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.



Orford Mining Corporation (CNW Group/Orford Mining Corporation)



SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/13/c4816.html



David Christie, President and CEO, 141 Adelaide St West, Suite 1608, Toronto, ON Canada M5H 3L5, T: (416) 309-0609, www.orfordmining.com 

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2 months

8020Admin posted a press release Alamos Becomes Strategic Investor in Orford Mining; Proceeds of Private Placement to Advance the Qiqavik Gold Project in ORFORD MINING CORPORATION


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, May 9, 2019 /CNW/ - Orford Mining Corp. ("Orford" or the "Company") (TSX VENTURE: ORM) is pleased to announce that it has arranged a non-brokered private placement of: (i) 11,764,706 flow-through shares at an issue price of C$0.17 per share, which will generate aggregate gross proceeds of C$2,000,000, and (ii) 3,000,000 hard dollar common shares at an issue price of C$0.10 per share with Alamos Gold Inc. (AGI-TSX) ("Alamos"), which will generate gross proceeds of C$300,000. (the "Offering"). Total gross proceeds of the Offering are expected to be C$2,300,000. Upon completion of the Offering, it is anticipated that Alamos will initially own a total of 14,764,706 common shares of Orford, or 19.3% of its issued and outstanding common shares.



Two Alamos nominees will serve on a newly created Orford exploration advisory committee to help guide future programs along the high- grade Qiqavik gold trend and elsewhere.



David Christie, President and CEO of Orford commented, "We are delighted to welcome Alamos as a partner and key shareholder recognizing the tremendous potential of our greenfield gold discovery at Qiqavik where we identified high grade gold surface showings in multiple locations across 45 kilometres. I look forward to working with them to advance the Qiqavik gold project and further unlock its potential during the coming summer program."


The proceeds of the Offering will be used by Orford to continue exploration of the Qiqavik project in Northern Quebec and for general corporate purposes. The Qiqavik project represents a new gold discovery in the Cape Smith Belt of Northern Quebec.


The Offering is anticipated to close on or before May 22, 2019 and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The common shares issued under the Offering will be subject to a hold period expiring four months plus a day from the date of closing.


In addition to the shares to be issued under the Offering, Orford will also issue 354,546 common shares as payment to a service provider for services unrelated to the offering contemplated in this press release.


After the closing of this Offering, 76,333,460 common shares of Orford will be issued and outstanding.


Alamos is acquiring the shares for investment purposes, which will be evaluated and increased or decreased from time to time at Alamos' discretion. A copy of the Alamos Early Warning Report is available on SEDAR at https://www.sedar.com or can be requested by contacting Scott Parsons, Vice-President, Investor Relations, at SParsons@alamosgold.com, 416-368-9932 (ext 5439) or by mail at Brookfield Place, 181 Bay Street, Suite 3910, Toronto, Ontario M5J 2T3.


About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Qualified Person


The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. 


The information regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/09/c9099.html

David Christie, President and CEO, 141 Adelaide Street West, Suite 1608, Toronto, Ontario, M5H 3L5, T: (416) 309-0609, www.orfordmining.com 

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Media Relations posted an update Tonight in Laval, QC at the Hilton, Mr. David Christie, President of Orford Mining in ORFORD MINING CORPORATION

Tonight in Laval, QC at the Hilton, Mr. David Christie, Président of Orford Mining presenting the live audience the company's latest developments and overview of recent corporate announcements  (ORM. TSXV).


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Media Relations posted an update Orford presenting in Ste-Therese QC this evening in ORFORD MINING CORPORATION

Tonight in Ste-Therese Mr. David Christie, President of Orford Mining presents to a packed room!



 

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Media Relations posted an update President Mr, David Christie in Brossard, QC last night in ORFORD MINING CORPORATION

Orford Mining, President Mr, David Christie presenting to a full house of investors, in Brossard QC, hosted by MI3 Communications of Montreal


!

Media Relations posted an update David Christie presents in Rouyn Noranda in ORFORD MINING CORPORATION

The MI3 Communications, Abitibi dinner series investor forum, stops last night in Rouyn Noranda in front of a packed room Mr. David Christie, CEO, presents the latest developments of Orford Mining.


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Media Relations posted an update Orford President, David Christie presents last evening at investor conference in ORFORD MINING CORPORATION

Mr. David Christie, President of Orford Mining in Val d'Or last evening, presenting at the MI3 Dinner Series investor conference.


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3 hours

8020Admin posted a press release Orford Commences 2019 Summer Exploration Program at Qiqavik Gold Property in ORFORD MINING CORPORATION


TORONTO, July 10, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that it has begun the second phase of the 2019 Exploration program at its 100% controlled Qiqavik gold project located in the Cape Smith Belt (northern Quebec). Following-up on the first phase spring geophysical work, the second phase of this program consists of further ground Induced Polarization (IP) surveying, Airborne Electromagnetic (EM) surveying, and detailed geological and structural mapping, followed by drilling to test high priority target areas on the property. The field program began on July 8th, 2019 and is expected to take approximately eight weeks to complete.  After completing two financings this spring, Orford is fully financed to complete this summer exploration program.


David Christie, President and CEO of Orford, commented, "This detailed geophysical and geological work will provide fundamental targeting information in high priority exploration areas on the Qiqavik Property, including Interlake, Interlake South and a new visible gold showing to the south east of Interlake. The surveys will refine targets defined during the spring IP program at Interlake, where large thicknesses of gold mineralization were intersected during the 2018 drilling program (see Orford news release dated October 16, 2018). 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. Our understanding of this new gold belt has evolved since the 2016 field program and we are eager to put our knowledge to work in the 2019 field program."


Orford has retained the services of Abitibi Geophysics to perform the IP survey using the OrevisionTM system. The survey will be conducted at various line spacings in a pole-dipole configuration with an "a"-spacing of 25m. Geotech has been retained to perform the airborne EM survey using the VTEMTM plus time-domain system.


Results of the survey will supplement data collected by Orford from 2016 to 2019 and assist in identifying sites of dilation along structures that were active at the time of gold mineralization in order to target potentially significant gold accumulations. The anomalies generated by the 2019 geophysical surveys will be further defined by additional geochemical sampling of frost boils, glacial tills and grab samples as well as the completion of geological and structural mapping and prospecting to further define drill targets using a multi-parameter targeting model to support each proposed drill hole. Diamond drilling will be completed the second half of the 2019 summer program following the geophysical and target definition phases. A 1,500 metre diamond drilling program, comprised of 9 – 12 holes, is currently planned at Qiqavik.



Figure 1: 2016-2018 High Grade Gold Surface Grab samples and Planned Geophysical Survey Coverage Area on the Qiqavik Property(1) (CNW Group/Orford Mining Corporation)



https://mma.prnewswire.com/media/944980/Orford_Mining_Corporation_Orford_Commences_2019_Summer_Explorati.jpg


1) Note that grab samples are selective by nature and values reported may not be representative of mineralized zones 



Figure 2: 2016-2018 Significant Drilling Results and Planned Geophysical Survey Coverage Area on the Qiqavik Property(2) (CNW Group/Orford Mining Corporation)



https://mma.prnewswire.com/media/944981/Orford_Mining_Corporation_Orford_Commences_2019_Summer_Explorati.jpg


2) Drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information.


About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




About Orford Mining Corporation
Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan Projects please visit Orford's website, www.orfordmining.com.


Qualified Person
The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. 


The information regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.


Cautionary Statement Concerning Forward-Looking Statements
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.



Orford Mining Corporation (CNW Group/Orford Mining Corporation)



SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/10/c7436.html

David Christie, President and CEO, 141 Adelaide St West, Suite 1608, Toronto, ON Canada M5H 3L5, T: (416) 309-0609, www.orfordmining.com 

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8020Admin

5 days

8020Admin posted a press release Orford Closes Private Placement Financing, Proceeds to be used to Fund 2019 Gold Exploration Program at Qiqavik in ORFORD MINING CORPORATION


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, July 5, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that, further to its news releases of June 17 and June 28, 2019, it has closed a non-brokered multi-tranche private placement financing (the "Offering") of an aggregate of 8,963,337 common shares which will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) collectively the "Flow-Through Shares"), for aggregate gross proceeds of C$1,305,460. The first tranche consisted of 5,457,692 Flow-Through Shares at an issue price of C$0.13 per Flow-Through Share for gross proceeds of C$709,500. The second tranche consisted of 3,505,645 Flow-Through Shares at an issue price of C$0.17 per Flow-Through Share for gross proceeds of C$595,960.



In addition, Orford issued 9,678,373 hard dollar units ("Units") at an issue price of C$0.10 per Unit for gross proceeds of C$967,837. The Units are comprised of one common share of Orford and one-half common share purchase warrant (each whole warrant a "Warrant"). Each Warrant is exercisable at a price of C$0.20 per common share for a period of 24 months following the closing date, subject to acceleration in the event that the volume weighted average trading price of the common shares on the TSXV is equal to or greater than or greater than C$0.60 or higher for a period of more than 20 consecutive trading days following the date that is four months and one day following the closing date.



The total gross proceeds of the Offering was C$2,273,297.


The proceeds from the issuance of Flow-Through Shares will be used by Orford to continue the exploration of the Qiqavik [high-grade gold] project in Northern Quebec and incur Canadian Exploration Expenses ("CEE"), and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2019 to the subscribers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares.


The proceeds from the issuance of the Units will be used by Orford to continue the exploration of the Qiqavik project in Northern Quebec and for general corporate purposes. The Qiqavik project represents a new gold discovery in the Cape Smith Belt of Northern Quebec.


Following completion of the Offering, there are 94,975,170 issued and outstanding common shares of Orford. The Flow-Through Shares and Units issued under the Offering are subject to a statutory hold period of four months plus a day following the date of closing.


Orford understands that Alamos Gold Inc. (AGI-TSX) ("Alamos"), which subscribed for Units and acquired additional Orford shares from a third party in a private transaction, now owns a total of 21,107,634 common shares of Orford, or 22.2% of its issued and outstanding common shares. Orford also understands that Royal Nickel Corporation ("RNC"), which subscribed for Units, now owns or controls a total of 22,502,911 common shares of Orford, or 23.7% of the issued and outstanding shares.


Alamos has acquired the Orford shares for investment purposes, which will be evaluated and increased or decreased from time to time at Alamos' discretion. A copy of the Alamos Early Warning Report is available on SEDAR at https://www.sedar.com or can be requested by contacting Scott Parsons, Vice-President, Investor Relations, at SParsons@alamosgold.com, 416-368-9932 (ext 5439) or by mail at Brookfield Place, 181 Bay Street, Suite 3910, Toronto, Ontario M5J 2T3.


RNC has acquired the Orford shares for investment purposes, which will be evaluated and increased or decreased from time to time at RNC's discretion. A copy of the RNC Early Warning Report is available on SEDAR at https://www.sedar.com or can be requested by contacting Rob Buchanan, Investor Relations, at rbuchanan@rncminerals.com or by mail at 141 Adelaide Street West, Suite 1608, Toronto, Ontario M5H 3L5.


About the Qiqavik High-Grade Gold Property


The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




 


About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/05/c3329.html



David Christie, President and CEO, T: (416) 309-0609, www.orfordmining.com

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8020Admin

12 days

8020Admin posted a press release Orford Mining Announces Results of 2019 Annual Meeting and Provides Private Placement Financing Update in ORFORD MINING CORPORATION


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, June 28, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSXV: ORM) is pleased to announce the results of its 2019 Annual Meeting of Shareholders held today.



At the meeting, the shareholders of Orford Mining elected David Christie, Mark Goodman, John Leddy, Ben Pullinger, Mark Selby, Lawrence Smith and Alger St-Jean as directors of the Company for the ensuing year.



The shareholders also voted in favour of the appointment of PricewaterhouseCoopers LLP as the auditor of the Company for the ensuing year. 


Further to the Company's news release dated June 17, 2019 announcing the proposed private placement financing, the Company has increased the size of the hard dollar unit offering ("Units") and intends to sell up to 9,678,373 units at an issue price of C$0.10 per Unit for gross proceeds of up to approximately C$967,837. The Units will be comprised of one common share of the Corporation and one-half common share purchase warrant (each whole warrant a "Warrant"). Each Warrant will be exercisable at a price of C$0.20 per common share for a period of 24 months following the closing date, subject to acceleration in the event that the closing trading price of the common shares on the TSXV is at or greater than C$0.60 for a period of more than 20 consecutive trading days following the date that is four months and one day following the closing date of the Offering.


About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the closing of the proposed private placement financing, liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws..


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/28/c0605.html



David Christie, President and CEO, T: (416) 309-0609, www.orfordmining.com

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23 days

8020Admin posted a press release Orford Announces Private Placement Financing in ORFORD MINING CORPORATION





/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, June 17, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce a non-brokered multi-tranche private placement financing (the "Offering") of an aggregate of up to 10,488,139 common shares which will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) collectively the "Flow-Through Shares"), for aggregate gross proceeds of up to C$1,500,000. The first tranche will consist of up to 6,923,077 Flow-Through Shares at an issue price of C$0.13 per Flow-Through Share for gross proceeds of up to C$900,000. The second tranche will consist of up to 3,565,062 Flow-Through Shares at an issue price of C$0.17 per Flow-Through Share for gross proceeds of up to C$600,000.



In addition, the Corporation intends to sell up to 8,585,589 hard dollar units ("Units") at an issue price of C$0.10 per Unit for gross proceeds of up to C$850,000. The Units will be comprised of one common share of the Corporation and one-half common share purchase warrant (each whole warrant a "Warrant"). Each Warrant will be exercisable at a price of C$0.20 per common share for a period of 24 months following the closing date, subject to acceleration in the event that the closing trading price of the common shares on the TSXV is at or greater than C$0.60 for a period of more than 20 consecutive trading days following the date that is four months and one day following the closing date of the Offering.



The total expected gross proceeds of the Offering are expected to be up to C$2.35 million.


The gross proceeds from the issuance of Flow-Through Shares will be used by Orford to continue the exploration of the Qiqavik project in Northern Quebec and incur Canadian Exploration Expenses ("CEE"), and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2019 to the subscribers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares.


The net proceeds of the Units will be used by Orford to continue the exploration of the Qiqavik project in Northern Quebec as well as for general corporate purposes. The Qiqavik project represents a new gold discovery in the Cape Smith Belt of Northern Quebec.


Orford understands that Alamos Gold Inc. (AGI-TSX), owner of 19.3% of Orford's issued and outstanding common shares, intends to maintain or increase its' equity ownership in Orford.


Closing of the Flow-Through Share tranches of the Offering is expected to occur as soon as possible, and closing of the Units portion of the Offering is expected to occur in early July 2019. These issuances are subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSXV. The Flow-Through Shares and Units issued under the Offering will be subject to a statutory hold period of four months plus a day following the date of closing.


Alamos is acquiring the shares for investment purposes, which will be evaluated and increased or decreased from time to time at Alamos' discretion. A copy of the Alamos Early Warning Report is available on SEDAR at https://www.sedar.com or can be requested by contacting Scott Parsons, Vice-President, Investor Relations, at SParsons@alamosgold.com, 416-368-9932 (ext 5439) or by mail at Brookfield Place, 181 Bay Street, Suite 3910, Toronto, Ontario M5J 2T3.


About the Qiqavik Property


The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



   This information is not necessarily indicative of the mineralization on Orford Mining's properties.




 


About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the closing of the Offering [and the participation of Alamos Gold Inc. in the Offering].


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/17/c0380.html



David Christie, President and CEO, T: (416) 309-0609, www.orfordmining.com

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8020Admin

2 months

8020Admin posted a press release Orford Mining Closes Private Placement; Alamos Gold becomes a Strategic Investor in Orford in ORFORD MINING CORPORATION


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, May 17, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) announces that, further to its news release dated May 9, 2019, it has closed a non-brokered private placement of (i) 11,764,706 flow-through common shares at an issue price of C$0.17 per share, and (ii) 3,000,000 hard dollar common shares at an issue price of C$0.10 per share.



Orford understands that Alamos Gold Inc. (AGI-TSX) now owns a total of 14,764,706 common shares of Orford, or 19.3% of its issued and outstanding common shares. Following completion of this private placement, and the issuance described below, there will be 76,333,460 issued and outstanding common shares of Orford. Two Alamos nominees will serve on a newly-created Orford exploration advisory committee, which will help guide future programs along the high-grade Qiqavik gold trend and elsewhere.



David Christie, President and CEO of Orford commented, "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."


Subject to TSX-V approval, Orford will also issue 354,546 common shares as payment to a service provider for services unrelated to the private placement contemplated in this press release.


About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Qualified Person


The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. 


The information regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/17/c0182.html

David Christie, President and CEO, 141 Adelaide Street West, Suite 1608, Toronto, Ontario, M5H 3L5, T: (416) 309-0609, www.orfordmining.com 

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8020Admin

2 months

8020Admin posted a press release Orford Commences 2019 Exploration Program on the Qiqavik Gold Property in ORFORD MINING CORPORATION


TORONTO, May 13, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that it has begun the 2019 Exploration program on its Qiqavik gold project in the Cape Smith Belt located in Northern Quebec. The first phase of this program consists of a ground Induced Polarization (IP) survey to test high priority target areas. The survey began on May 8, 2019 and will continue for approximately two weeks.


David Christie, President and CEO of Orford, commented, "This detailed IP survey will provide fundamental targeting information in high priority exploration areas on the Qiqavik Property, including Interlake, Interlake South and a new visible gold showing to the south east of Interlake. We expect the survey will significantly augment our current database and allow us to target drilling of potential gold traps, specifically those that may exist in structures under the inter-lake area string of small shallow lakes. Completing this survey at this time will enable the exploration team to hit the ground running for the second phase summer exploration program with high quality, pre-defined drill targets. 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 mineralization were intersected during the 2018 drilling program (see Orford news release dated October 16, 2018). 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."


Orford has retained the services of Abitibi Geophysics to perform the survey using the OrevisionTM system. The survey will be conducted at various line spacings in a pole-dipole configuration with an "a"-spacing of 25m. The IP survey will begin on Grid #2 (approximately 20 line-km) (Figure 1) starting east to west to cover the highest priority target areas. Grids 1 and 3 (approx. 30 line-km) will be completed during the summer exploration program.


Results of the survey will supplement data collected by Orford from 2016 to 2018 and assist in identifying sites of dilation along structures that were active at the time of gold mineralization in order to target potentially significant gold accumulations. The anomalies generated by the 2019 IP survey will be further defined by additional geochemical sampling of frost boils, glacial tills and grab samples as well as the completion of geological mapping and prospecting to define drill targets using a multi-parameter targeting model to support each proposed drill hole. Diamond drilling will be the third phase of the 2019 program to follow the IP and target definition phases.



Figure 1: Planned IP Survey Coverage Area on the Qiqavik Property. Note that grab samples are selective by nature and values reported may not be representative of mineralized zones. Drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information. (CNW Group/Orford Mining Corporation)



About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




About Orford Mining Corporation
Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan Projects please visit Orford's website, www.orfordmining.com.


Qualified Person
The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. 


The information regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.



Orford Mining Corporation (CNW Group/Orford Mining Corporation)



SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/13/c4816.html



David Christie, President and CEO, 141 Adelaide St West, Suite 1608, Toronto, ON Canada M5H 3L5, T: (416) 309-0609, www.orfordmining.com 

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8020Admin

2 months

8020Admin posted a press release Alamos Becomes Strategic Investor in Orford Mining; Proceeds of Private Placement to Advance the Qiqavik Gold Project in ORFORD MINING CORPORATION


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, May 9, 2019 /CNW/ - Orford Mining Corp. ("Orford" or the "Company") (TSX VENTURE: ORM) is pleased to announce that it has arranged a non-brokered private placement of: (i) 11,764,706 flow-through shares at an issue price of C$0.17 per share, which will generate aggregate gross proceeds of C$2,000,000, and (ii) 3,000,000 hard dollar common shares at an issue price of C$0.10 per share with Alamos Gold Inc. (AGI-TSX) ("Alamos"), which will generate gross proceeds of C$300,000. (the "Offering"). Total gross proceeds of the Offering are expected to be C$2,300,000. Upon completion of the Offering, it is anticipated that Alamos will initially own a total of 14,764,706 common shares of Orford, or 19.3% of its issued and outstanding common shares.



Two Alamos nominees will serve on a newly created Orford exploration advisory committee to help guide future programs along the high- grade Qiqavik gold trend and elsewhere.



David Christie, President and CEO of Orford commented, "We are delighted to welcome Alamos as a partner and key shareholder recognizing the tremendous potential of our greenfield gold discovery at Qiqavik where we identified high grade gold surface showings in multiple locations across 45 kilometres. I look forward to working with them to advance the Qiqavik gold project and further unlock its potential during the coming summer program."


The proceeds of the Offering will be used by Orford to continue exploration of the Qiqavik project in Northern Quebec and for general corporate purposes. The Qiqavik project represents a new gold discovery in the Cape Smith Belt of Northern Quebec.


The Offering is anticipated to close on or before May 22, 2019 and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The common shares issued under the Offering will be subject to a hold period expiring four months plus a day from the date of closing.


In addition to the shares to be issued under the Offering, Orford will also issue 354,546 common shares as payment to a service provider for services unrelated to the offering contemplated in this press release.


After the closing of this Offering, 76,333,460 common shares of Orford will be issued and outstanding.


Alamos is acquiring the shares for investment purposes, which will be evaluated and increased or decreased from time to time at Alamos' discretion. A copy of the Alamos Early Warning Report is available on SEDAR at https://www.sedar.com or can be requested by contacting Scott Parsons, Vice-President, Investor Relations, at SParsons@alamosgold.com, 416-368-9932 (ext 5439) or by mail at Brookfield Place, 181 Bay Street, Suite 3910, Toronto, Ontario M5J 2T3.


About the Qiqavik Property
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia1. The Cape Smith Belt is also home to Glencore's world class Raglan Mine.


Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.











1)



This information is not necessarily indicative of the mineralization on Orford Mining's properties.




About Orford Mining Corporation


Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM.


To view further details about the Qiqavik and West Raglan projects please visit Orford's website, www.orfordmining.com.


Qualified Person


The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. 


The information regarding work disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada" effective September 14, 2017, and on Orford's news releases available on Orford's website and on SEDAR.


Cautionary Statement Concerning Forward-Looking Statements


Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, and West Raglan, properties.


Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at www.sedar.com.


Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.


The TSXV has neither approved nor disapproved the contents of this news release.


SOURCE Orford Mining Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/09/c9099.html

David Christie, President and CEO, 141 Adelaide Street West, Suite 1608, Toronto, Ontario, M5H 3L5, T: (416) 309-0609, www.orfordmining.com 

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Media Relations posted an update Tonight in Laval, QC at the Hilton, Mr. David Christie, President of Orford Mining in ORFORD MINING CORPORATION

Tonight in Laval, QC at the Hilton, Mr. David Christie, Président of Orford Mining presenting the live audience the company's latest developments and overview of recent corporate announcements  (ORM. TSXV).


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Media Relations posted an update Orford presenting in Ste-Therese QC this evening in ORFORD MINING CORPORATION

Tonight in Ste-Therese Mr. David Christie, President of Orford Mining presents to a packed room!



 

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Media Relations posted an update President Mr, David Christie in Brossard, QC last night in ORFORD MINING CORPORATION

Orford Mining, President Mr, David Christie presenting to a full house of investors, in Brossard QC, hosted by MI3 Communications of Montreal


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Media Relations posted an update David Christie presents in Rouyn Noranda in ORFORD MINING CORPORATION

The MI3 Communications, Abitibi dinner series investor forum, stops last night in Rouyn Noranda in front of a packed room Mr. David Christie, CEO, presents the latest developments of Orford Mining.


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Media Relations posted an update Orford President, David Christie presents last evening at investor conference in ORFORD MINING CORPORATION

Mr. David Christie, President of Orford Mining in Val d'Or last evening, presenting at the MI3 Dinner Series investor conference.


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