The Mirado gold project is located 35 km southeast of the gold mining Town of Kirkland Lake in northeastern Ontario. The entire Mirado property encompasses 5,800 acres. The focus of the Mirado Gold Project consists of 12 contiguous patented claims, with surface and mining rights, owned 100% by Orefinders. Gold on the Mirado Gold Property was first discovered in the early 1920’s and later mined by underground methods to a depth of 500′ in the 1940’s. Since then several exploration programs, diamond drilling campaigns, (Over 40,000m) and underground and open pit mining activities have taken place. There currently is a 442k inferred resource.
Location: Kirkland Lake, Canada
Project Status: Pre-feasibility
Counterparty: Orefinders Resources (ORX:TSXV)
Resource: 442,000 ounces Au Inferred
The Mineral Resource Statement for the open pit, underground, and three stockpiles is presented in Table 1.
Table 1: Mineral Resource Statement*, Mirado Gold Project, Ontario, SRK Consulting (Canada) Inc., November 18, 2013
|Quantity||Grade||Contained Metal||Cut-off Grade|
|Classification/ Zone Inferred||(000 tonnes)||Gold (gpt)||Gold (000ounces)||(gpt Gold)|
|Northern Pile **||12||4.71||1.8||2.00|
|Central Pile **||4||5.38||0.7||2.00|
|Southern Pile **||5||2.74||0.4||2.00|