Orefinders Begins Deep Penetrating Ground DCIP-MT Survey as a Prelude to a Drill Program on its McGarry Gold Project

TORONTO, March 1, 2021 /CNW/ – Orefinders Resources Inc. (“Orefinders” or the “Company”) (TSX.V: ORX) is pleased announce the launch of a deep penetrating ORION SWATH ground-based Geophysical Survey (the “Survey”) on its McGarry Gold Project located to the west of and adjacent to the former Kerr Addison Mine that produced approximately 11 million ounces of gold prior to closing in 1996.

“This sort of property wide survey, combining deep penetrating IP (Induced Polarization) and MT (Magnetotelluric) technologies has never been conducted on the McGarry properties. This approach is aimed at delineating new exploration drilling targets that could lead to new discoveries on a highly perspective project on the Larder-Cadillac Structure,” said Keith Benn, Orefinders Vice President of Exploration.

Technical Detail on the Geophysical Survey

The Company has engaged Quantec Geoscience to carry out their unique combined DCIP (DC Resistivity and Induced Polarization) and MT (magnetotelluric) Geophysical Survey (ORION SWATH Survey) covering the near totality of the McGarry Gold Project. The Survey will employ a broad array of multi channel sensors to gather a very large number of data points for electrical properties in the geological subsurface thus generating a high-resolution data set with coverage to significant depths (induced polarization to approximately 600 – 700 metres depth; MT resistivity to approximately 1500 metres depth). The Survey is expected to wrap up in the first half of April. The resulting data set will allow for high-resolution 3-D modeling of the McGarry Project and the identification and prioritization of drilling targets.