Orefinders Resources Inc.
TSX VENTURE : ORX

Orefinders Resources Inc.

November 14, 2013 09:30 ET

Orefinders Commences Metallurgical Scoping Testwork on Mirado Stockpile

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2013) - Orefinders Resources Inc. (TSX VENTURE:ORX) reports that a preliminary metallurgical scoping testwork program has commenced on selected stockpile mineralization at Orefinders 100% owned Mirado project, where three separate stockpiles contain a current NI-43-101 compliant mineral resource of 20,742 tonnes with an average grade of 4.41 grams per tonne gold (gpt Au).

Metallurgical Test Program

Four 30 kilogram samples were submitted to SGS Minerals Services in Lakefield, Ontario. Metallurgical testwork currently underway will include the following studies:

  • Bond work index determination
  • Gold assaying by pulp and metallic for low, medium and high grade material
  • Whole rock analysis, ICP multi-element, total sulphur and arsenic analysis
  • Specific gravity determination
  • Bond ball mill grindability test using the standard 100 mesh closing screen
  • Gold recovery evaluated in standard bottle roll cyanidation tests
  • Environmental characterization of leach residues

Bill Yeomans, P. Geo., President and CEO, states that, "It is anticipated that metallurgical scoping test work on material stockpiled from the Mirado gold deposit will be completed before year end. The information gained from this study will assist us in determining how the stockpiled material at Mirado should be processed in order to maximize gold recovery. Using a 2 gpt Au cut-off, the average grade of 20,742 tonnes of stockpiled material is 4.41 gpt Au, which is sufficiently high enough for Orefinders to consider trucking this material should a compatible custom mill be identified. If successful, the Mirado stockpile has the potential to provide Orefinders with a significant non-dilutive financing to the company."

The technical information contained in this news release has been reviewed and approved by Kevin Piepgrass, P.Geo, Vice-President Exploration for Orefinders, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

On behalf of the Board of Directors

William Yeomans, P. Geo, President

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

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking statements. Orefinders assumes no obligations to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless required by securities laws applicable to Orefinders. Additional information identifying risks and uncertainties is contained in filings by Orefinders with Canadian securities regulators, which filings are available under Orefinders profile at www.sedar.com.

Contact Information