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Last C$0.02 CAD
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Volume 603.0K
ORX On Other Exchanges
As of 3:55 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

orefinders resources inc (ORX) Snapshot

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07/10/14 - C$0.16
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05/27/15 - C$0.0050
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orefinders resources inc (ORX) Details

Orefinders Resources Inc., a junior gold exploration company, engages in the evaluation, acquisition, exploration, and development of mineral properties in Canada. Its principal property is the Mirado Gold property that comprises 12 mining claims covering an area of approximately 432 acres located approximately 35 kilometers southeast of the town of Kirkland Lake, Ontario. The company was founded in 2011 and is headquartered in Vancouver, Canada.

Founded in 2011

orefinders resources inc (ORX) Top Compensated Officers

Executive Chairman
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

orefinders resources inc (ORX) Key Developments

Orefinders Resources Inc. Announces Management Changes

Orefinders Resources Inc. announced that its Board of Directors has appointed Stephen Stewart as the company’s new Chief Executive Officer. Alexander Stewart retains the position of Executive Chairman of the company. The company also announced the resignation of William Yeomans from the positions of President and CEO and as a director of the company in order to pursue other business objectives. The company announced that Mr. Yeomans has agreed to remain available to the company as a consulting geologist going forward.

Orefinders Resources Seeks Acquisitions

Orefinders Resources Inc. (TSXV:ORX) is looking for acquisition opportunities. Stephen Stewart, Chief Executive Officer of Orefinders said, "We also plan on taking advantage of some of the excellent asset acquisition opportunities that exist as a result of the extended market downturn." "Orefinders will be continually evaluating the acquisition of advanced stage gold Projects that complement our core assets and geographical focus. Orefinders' corporate structure is well positioned to make acquisitions and management's focus is on Projects of scale that can be acquired for less than their intrinsic value", he added.

Orefinders Resources Inc. Commences 2015 Fieldwork Program on the 100% Owned Mirado Gold Project

Orefinders Resources Inc. has commenced its 2015 fieldwork program on the 100% owned Mirado gold project. Approximately 20 kilometres of line cutting and induced polarization (IP) survey will test the geophysical response over high-grade gold occurrences identified and reported by Orefinders during 2014. The line cutting and IP geophysics contracts were rewarded to CXS Canadian Explorations Services Ltd. from Larder Lake, Ont. In 2013, Orefinders demonstrated that deep-penetrating IP geophysical surveys responded extremely well across the Mirado gold deposit. Orefinders conducted a 12,000-metre, 40-hole drill program in 2013, which demonstrated that broad IP chargeability anomalies identified during a survey at the Mirado deposit in 2012 were associated with gold-enriched pyritic zones. In late 2013, SRK Consulting (Canada) Inc. reported an inferred resource of 10,618,000 tonnes with an average grade of 1.29 grams per tonne gold in open pit, underground and three separate stockpiles for the Mirado gold deposit. Drilling results reported by Orefinders throughout 2013 demonstrated that 95% of drill holes from the program generated significant drill intercepts. The upcoming line cutting and IP survey will test previously trenched favourable structures known to host high-grade gold mineralization located near the Mirado gold deposit. Several kilometres of similar host rocks will be targeted by the IP survey, where large areas of favourable geology have never been previously tested by diamond drilling. Any favourable IP targets identified by this survey will be systematically evaluated and explored during the remainder of 2015.


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