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or Name
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Orford Mining Corp
Symbol ORM
Shares Issued 200,998,258
Close 2023-10-17 C$ 0.04
Market Cap C$ 8,039,930
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Orford increases Nunavik land package to 596 square km

2023-10-17 12:35 ET - News Release

Mr. David Christie reports

ORFORD EXPANDS NUNAVIK LITHIUM PROPERTIES AROUND LITHIUM BEARING PEGMATITE DISCOVERIES

Orford Mining Corp. has increased its Nunavik lithium land package by 39 square kilometres or 8 per cent, expanding properties that are confirmed to host lithium-cesium-tantalum (LCT) pegmatites. Orford's total lithium exploration land package in Nunavik is now 596 square km. Assay results from the recently completed exploration program on these properties confirmed the occurrence of LCT-bearing pegmatites, specifically on the Cathode, kWatt and Flare properties (see Orford's news release of Oct. 4, 2023). These three properties were expanded as a result of these discoveries and will provide additional exploration and discovery potential for lithium-bearing pegmatites in an area where LCT-bearing pegmatites have already been confirmed. The 2024 exploration program will be focused on these highly prospective areas.

David Christie, president and chief executive officer of Orford, commented: "Orford has secured additional ground around what we believe are the pegmatites with the best chemistry for potential lithium deposits. This expanded ground will be a focus of future work on the Nunavik lithium properties. Orford will also continue to complete further exploration on the other properties in Nunavik."

The Nunavik lithium properties are 100 per cent owned by Orford and have never been explored before for any economic minerals, including lithium. These properties are within 150 km of the Deception Bay deep seaport and as close as 10 km from the port, in the case of Cathode and Torque.

The 2023 field season confirmed greenfield lithium pegmatite vectors:

  • Regional metamorphic grade: upper greenschist/lower amphibolite;
  • Occurrence of peraluminous granite and leucogranite on Orford's Nunavik lithium properties;
  • Key minerals identified in pegmatite indicative of proximity to fertile parent granite:
    • Green muscovite (plus/minus garnet, tourmaline, fluorite);
  • Assays indicate pegmatites are enriched in lithium, beryllium, tantalum, cesium and rubidium;
  • LCT-bearing pegmatites on at least three properties suggests high prospectivity for additional dikes;
  • Opportunity to generate additional targets and provide geochemical vector toward mineralization (more fractionated LCTs) using till assay data (results outstanding).

An additional 550 till (frost boil) samples have been collected on the Radiant, kWatt and Wire properties to possibly identify blind LCT pegmatite which are not exposed at surface. Till assays results are expected by the end of November and may identify additional targets for follow-up. The till sampling was done in areas where there are strong lithium anomalies in lake bottom sediment sample surveys completed by the Quebec government survey previously.

About Orford Mining Corp.

Orford Mining is a gold and critical mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik, West Raglan and lithium exploration projects comprising a land package totalling over 111,000 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 kilometres. The West Raglan project hosts a number of high-grade Raglan-style nickel/copper/platinum group metal discoveries along a 55 km mineralized trend. In early 2023 Orford acquired large claim blocks targeting lithium in the Nunavik region. These lithium claim blocks have been carefully selected as having promising lithium potential after an exhaustive compilation of available data. Orford also has four property positions in the Joutel region of the Abitibi district of Northern Quebec, which hosts historical deposits such as the Eagle/Telbel, Joutel Copper, Poirier Copper and Vezza deposits. Orford continually seeks new gold exploration opportunities in North America. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM. This information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties.

Qualified person

The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, PGeo, chief geoscientist of Orford, a qualified person under National Instrument 43-101. The technical information presented in this release that was obtained from historical work reports filed with the Quebec Ministry of Energy and Natural Resources has not been independently verified by a qualified person as defined by NI 43-101.

Orford's field sample shipments were sealed and shipped to Agat Laboratories, Val d'Or, Que. All assays reported for the grab samples were obtained by standard sodium peroxide fusion method with an inductively coupled plasma optical emission spectroscopy/inductively coupled plasma mass spectrometry finish (methods 201-378) at Agat Laboratories, Mississauga, Ont. Standards and blanks were inserted at a minimum rate of 5 per cent for grab samples for quality assurance/quality control purposes in addition to those inserted by the lab. A subset of samples has not yet been sent for a verification assay at another lab. Agat Laboratories is accredited by the Standards Council of Canada and found to comply with the requirements of ISO/IEC 17025:201.

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