The first paragraph in the April 21 news says it all, I think. If we hear news of Mirado being funded and explored by KL, then I believe this will go north. It has been the carrot all along, that always seemed around the corner, like it was Mirado the Mirage. If KL makes it happen (and I think being the first paragraph of the news, that is what they may well be working on as I type) may we all then be happy.
Orefinders Resources Inc. ("Orefinders" or the "Company") (TSXV: ORX) is pleased to announce a strategic partnership with Kirkland Lake Gold Ltd. ("Kirkland Lake Gold") wherein Kirkland Lake Gold will acquire a 9.9% interest in the Company. Additionally, Orefinders has granted Kirkland Lake Gold Inc. a wholly-owned subsidiary of Kirkland Lake Gold ("KL Gold") the option to acquire up to a 75% interest in its Mirado, McGarry and Knight projects (the "Projects") in return for spending $60 million in exploration and development on the Projects.
"Orefinders and Mistango are excited to jointly announce this unique partnership and equity investment with a top-tier operator like KL Gold. We see this as a testament to our assets' quality and our specific focus on the Kirkland Lake district of Ontario . With Kirkland Lake Gold's financial and technical support, we are excited to realize our portfolio's full potential while also seeking new acquisition opportunities," says Stephen Stewart , CEO of Orefinders Resources and Chairman of Mistango.