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Tuesday, November 28, 2017 Derek Macpherson

ORM Begins Two-Phased Field Program in the Carolinas

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Orford Mining Corp. (TSXV:ORM) has initiated its two-phased 2017 field program at its Carolina Gold properties in North and South Carolina. Phase one will comprise of relogging of historical core, surface mapping, trenching and geophysics, to be followed by drilling in phase two. The properties, Jones-Keystone and Landrum-Faulkner (70% option with Carolina Gold Resources Inc.), are located near OceanaGold Corp.’s (TSX/ASX:OGC) producing Haile Mine and past-producing Ridgeway Mine. We believe at Orford’s current value, the stock does not properly reflect the potential of the company’s projects. Upcoming results from exploration at its Carolina Gold properties will provide additional insight on the properties potential. In addition, recent results from Orford’s Qiqavik support our view that significant exploration potential exists. read more


Thursday, November 16, 2017 Derek Macpherson

ORM Reports High-Grade Au-Cu Intersections

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Orford Mining Corp (TSXV:ORM) has announced the results from base metal assays from the summer 2017 exploration program at its Qiqavik project in Quebec. The company highlighted 2.37 g/t Au and 2.19% Cu over 7.0m in hole QK-17-022 and 1.58 g/t Au and 1.28% Cu over 7.1m in hole QK-17-021. The results indicate that there is high-grade copper associated with the gold mineralization identified in previously released drilling at the Esperance West Zone. These results support our view that there is significant exploration potential at Orford’s Qiqavik project. As well, the company is finalizing plans for its first exploration program on its Carolina properties (expected to start early 2018). Orford, recently started trading under the ticker “ORM”, we believe that its current value, the stock does not properly reflect the potential of the company’s projects.  read more


Sunday, October 29, 2017 Derek Macpherson

Summer Exploration Results Demonstrate Potential

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Orford Mining Corp (TSXV:ORM) has announced drill results from its summer 2017 exploration program at its Qiqavik property in northern Quebec (Figure 1). In general the results support our view that Orford’s regional scale Qiqavik property has the potential to yield a significant discovery. Drilll results were highlighted by 8.83 g/t Au and 0.49% Cu over 0.5m (QK-17-008) at the Esperance zone, 13.68 g/t Au over 0.3m (QK-17-009) at the Aurora zone and 5.6 g/t Au over 1 m (QK-17-022 – Cu assay pending) at Esperance West. Notably Esperance was successfully drill tested over 300m of a 1.3km structure, while Esperance West was successfully drill tested over 650m of a 2km structure (Figure 2). As well, the company discovered 5 new targets this summer including Aurora Central, Gerfaut South, Central Qiqavik, Horizon, and Focused Intrusive. With only, 2,723m (23 holes) drilled this summer, the Qiqavik project remains at an early stage and the drilling completed in 2017, confirmed the surface discoveries in 2016. In our view follow-up drilling on the Esperance, Esperance West and Aurora zones along with initial drilling at the five newly discovered zones is warranted. From this summer’s work at Qiqavik, there remain additional multi-element assays pending for 7 drill holes and 116 grab samples (gold mostly complete). As well, the company is finalizing plans for its first exploration program on its Carolina properties (expected to start early 2018). Orford, started trading this past Friday under the ticker “ORM”, we believe that its current value, reflects the relatively early stage of its projects; providing the potential for an upward rerating should a significant discovery be made. read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

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On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


Friday, October 20, 2017 Derek Macpherson

Orford Site Visit: High Discovery Potential on a Regional Scale Land Package

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This summer we had the opportunity to visit Orford Mining Corp.’s Qiqavik gold property located in northern Quebec. Orford Mining Corp is to be formed following the completion of the amalgamation between True North Nickel Inc. and Focused Capital Corp. The company is expected to begin trading shortly. We were impressed with the level of work completed to date and believe the company is well positioned to make a discovery on its regional scale land package. As well, the company has been active during this summers field season, including 2,723m of drilling, which should provide steady news flow towards the end of the year once the company begins trading. Finally, Orford has been able to attract a strong management and technical team, which should have them well positioned to advance Qiqavik.    read more


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