Brossard, Québec--(Newsfile Corp. - September 26, 2024) - Mines D'Or Orbec (TSXV: BLUE) ("Orbec" or the "Company") is pleased to announce changes and strengthening of its Board of Directors. Chad Williams, the Company's largest shareholder, who has been serving as Non-Executive Chairman, will serve as of today as Chairman. David W. Christie has joined the Board as of today as an Independent Director.
The Company's CEO, Dorian L. (Dusty) Nicol, commented, "I am very happy that David will be joining our Board. His technical and corporate experience together with his in-depth understanding of capital markets will be invaluable as we continue to grow Orbec. I am of course happy to continue working with Chad in his continuing role as Chairman."
David W. Christie, P.Geo.
David has had a 38-year career in mining, exploration, and mining finance. He was previously president and CEO of Orford Mining Corp. which was acquired by Alamos Gold Inc. David was also President and CEO of Eagle Hill Exploration Ltd. which successful completed a five-way merger to become Osisko Mining Inc. Prior to that he was on the buy side as Vice President with Goodman & Company Investment Counsel and Dundee Resources Inc. David also worked on the sell side as a highly ranked mining equity analyst with TD Securities and Scotia Capital. David has previously been a director of Orford Mining Corp., Eagle Hill Exploration Ltd., eCobalt Solutions Inc., Osisko Mining Inc., True North Nickel (private) and Condor Precious Metals (private).
Muus Update
The Company continues to evaluate data from its Muus Project while planning the next phases of exploration work. These will focus on glacial till sampling in the Lac Bernard area, where previous sampling has disclosed significant and extensive gold geochemical anomalies. The till sampling will consist both of infill sampling to further define the gold-bearing zones and extensions of the sampling lines with the objective of extending the anomalies. The Company also plans geophysics (Induced Polarization) in select areas. The Company's objective is to define high-quality drill targets.
Qualified Person
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol, the Company's CEO (OGQ, PG, FAusIMM), who is a Qualified Person ("QP") for the purpose of National Instrument 43-101.
About Orbec
Orbec is a gold company that owns 100% of a large mineral claim position near Chibougamau, Québec. The Muus Gold Project covers approximately 25,250 hectares of prospective ground in the northeastern part of the Abitibi Greenstone Belt. The Muus Gold Project is prospective for gold mineralisation and is adjacent to and on strike with IAMGOLD's 5-million-ounce Nelligan Gold Project. Orbec has announced that exploration of the Muus Gold Project will advance in technical collaboration with IAMGOLD, which owns approximately 12.5% of the Company. Field work completed during 2022 established that the northern portion of the Muus Gold Project is also prospective for copper-gold volcanogenic massive sulphide mineralisation, as well as confirming that it is prospective for high-grade gold mineralisation similar to IAMGOLD's nearby Monster Lake gold deposit.
Neither the TSX Venture Exchange nor its Regulation 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program, the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX Venture Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company's exploration program and on the Company's general business, operations and financial condition, and other risks and uncertainties. All the Company's Canadian public disclosure filings may be accessed via, www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company's properties or any potential exploitation thereof.
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