Brossard, Quebec– September 26, 2024 – Mines D’Or Orbec (TSXV: BLUE) (referred to as “Orbec” or the “Company”) is pleased to announce changes and enhancements to its board of directors. Chad Williams, the Company’s largest shareholder who previously held the position of non-executive chairman, will now serve as chairman effective immediately. Additionally, David Christie will join the board of directors as an independent director.
Orbec’s CEO, Dorian L. (Dusty) Nicol, stated: “I am delighted to welcome David to our board of directors. His technical and corporate experience, as well as his deep understanding of financial markets, will be invaluable as we continue to grow Orbec. I am also pleased to continue working with Chad in his ongoing role as chairman.”
David W. Christie (P.Geo)
Mr. Christie brings 38 years of experience in mining operations and exploration, as well as finance. He has served as president and CEO of Orford Mining Corp., which was acquired by Alamos Gold Inc. He also held the position of president and CEO of Eagle Hill Exploration Ltd., which successfully merged with five companies to become Osisko Mining Inc.
Previously, Mr. Christie worked on the buyer side as a vice president at Goodman & Company Investment Counsel and Dundee Resources Inc. He also worked on the sell side as a senior mining analyst at TD Securities and Scotia Capital. Additionally, Mr. Christie has served as a director of several mining companies including Orford Mining Corp., Eagle Hill Exploration Ltd., eCobalt Solutions Inc., Osisko Mining Inc., True North Nickel (private), and Condor Precious Metals (private).
Muus Project Update
The Company continues to evaluate data from its Muus project while planning the next phases of exploration work. These activities will focus on sampling glacial tills in the Lac Bernard region, where previous sampling has revealed significant geochemical anomalies and gold extensions. The till sampling will involve both infill sampling to further define gold zones and extensions of sampling lines to expand anomalies. The Company also plans to conduct geophysical studies (induced polarization) in certain areas. The Company’s goal is to define high-quality drilling targets.
Qualified Person
The technical information contained in this press release has been approved by Dorian L. (Dusty) Nicol, CEO of the Company (P.Geo, FAusIMM, member of the Ordre des géologues du Québec), who is a Qualified Person (“QP”) for the purposes of National Instrument 43-101.
About the Company
Orbec is a gold company that holds 100% of an extensive mining securities position near Chibougamau, Quebec. The Muus gold project covers approximately 25,250 hectares of promising land in the eastern part of the Abitibi greenstone belt. The Muus project shows promise for gold mineralization and is adjacent to IAMGOLD’s Nelligan gold project, estimated at 5 million ounces. Orbec has announced that exploration of the Muus project will progress with technical collaboration from IAMGOLD, which holds approximately 12.5% of the Company’s shares. Field work conducted in 2022 has shown that the northern part of the Muus project is also promising for massive volcanogenic sulfide copper and gold mineralization. It has also confirmed that this northern part is conducive to high-grade gold mineralization, similar to IAMGOLD’s nearby Monster Lake gold deposit.
ON BEHALF OF THE BOARD OF DIRECTORS
Dorian L. (Dusty) Nicol, CEO and Director
For more information, please visit www.orbec.ca or contact Mr. Dorian L. (Dusty) Nicol at the email address info@orbec.ca.
The TSX Venture Exchange and its regulatory service provider (as defined in the TSX Venture Exchange policies) assume no responsibility for the relevance or accuracy of this release.
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 laws. All statements, other than statements of historical fact, included in this document, including, but not limited to, statements regarding the anticipated content, commencement, expected results of the exploration program, the ability to secure future financings, the ability to obtain required approvals, the ability to successfully carry out the exploration and drilling program, as well as the Company’s anticipated business plans and future activities schedule are forward-looking statements. While the Company believes these statements are reasonable, it cannot guarantee that these forecasts will prove to be accurate. Forward-looking statements are generally identified by words such as: believe, expect, anticipate, intend, estimate, assume and other similar expressions, or are those that by their nature refer to future events. The Company cautions investors that the Company’s forward-looking statements do not constitute a guarantee of future results or performance, and actual results may materially differ from those in the forward-looking statements due to various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of commodity markets in general, variations in the nature, analytical results of surface trenches and sampling programs, including diamond drilling programs, results of intellectual property surveys, results of soil and till sampling programs. Other factors include the quality and quantity of mineral deposits that may be located, variations in the market price of mineral products that the Company may produce or intends to produce, the Company’s inability to obtain all necessary permits, consents, or authorizations, including acceptance from the TSX Venture Exchange for its planned activities, the Company’s inability to successfully produce minerals from its properties or profitably, to pursue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impacts of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general activities, operations and financial condition, as well as other risks and uncertainties. All public information documents of the Company can be consulted at www.sedar.com, and readers are encouraged to review these documents, including technical reports filed regarding the Company’s mining properties. This press release contains information about adjacent or similar mining properties in the Chibougamau region in which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest or right to acquire an interest in these properties, and that mineral deposits and results of their exploitation on adjacent or similar properties are not indicative of mineral deposits on the Company’s properties or their potential exploitation.
SOURCE: Mines D’Or Orbec Inc.
