Toronto’s Orford Mining Corporation (TSX-V: ORM) has mobilized its field teams to a camp in northern Quebec and will soon be starting a multi-commodity exploration program at three different projects on its properties there.
Camp Chukotat will be the home base for the company’s 2023 exploration program beginning in early July in the Nunavik Region, and Orford’s CEO David Christie said on Wednesday that the company is particularly excited to get boots on the ground to explore the lithium properties there for the first time.
In addition to the Nunavik Lithium project where Orford identified 50 new high-priority targets earlier this month through remote sensing work, the company will be focused on the Qiqavik Gold and West Raglan Nickel projects.
“Orford is geared up for a busy multi-commodity and multidiscipline exploration program across its Nunavik properties. We are especially eager to get boots on the ground for the first time exploring our Nunavik Lithium properties as well as applying the new structural targeting approach for drilling on our Qiqavik Gold project,” said Christie.
Fortunately, the exploration program will not be negatively impacted by the ongoing fires in Quebec and Ontario.
We're grateful that our exploration efforts remain unaffected as the fires continue. The $ORM.V thoughts go out to those affected by the fires and the brave firefighters working tirelessly to combat them.
— Orford Mining (@OrfordMining) June 28, 2023
Read more: Gobsmacked by Calibre Mining’s high grades from Palomino, Nevada: Haywood Securities
Read more: Calibre Mining assays at Palomino property in Nevada may improve mineral resource
Orford says the company’s understanding of the Qiqavik gold property’s geology has evolved significantly, thereby improving its target approaches for the exploration program this year. The 2023 Nunavik gold program will include drilling and mapping, ground and airborne geophysics and additional prospecting.
The company will be focusing on 25 to 60 gold targets on the property’s Annick trend. The Qiqavik project covers over 390 square kilometres and Orford has been active there since 2016 prior to becoming publicly listed in 2017.
Orford’s lithium exploration will utilize historic Quebec government data and lake sediment sampling data in combination with the information obtained through the remote sensing work in mid-June.
The company’s land package spans over 111,000 hectares in northern Quebec’s Cape Smith Belt.
Other gold and lithium companies operating in Nunavik include Midland Exploration Inc. (TSX-V: MD), a company that discovered a new high-grade copper-gold mineralized system there last summer and Scout Minerals Corp. (CSE: SCTM), which announced in April that it had inked an agreement to acquire a large land package in Nunavik with significant prospective lithium targets and two nickel mines.
Orford Mining shares rose by 10.71 per cent Wednesday to $0.16 on the TSX Venture Exchange and have been on a steady incline for the past six months, rising by 121.43 per cent.
rowan@mugglehead.com