November 18, 2016
Orefinders Announces Two Week Delay in Milling of Phase One Stockpile
Toronto, Ontario — November 18, 2016 — Orefinders Resources Inc. (“Orefinders” or the “Company”) (TSX.V: ORX) announces that it has been informed by the Westwood Mill that due to mechanical maintenance issues, the processing of Orefinders stockpile resource has been delayed until such maintenance is complete. The result to Orefinders is approximately a two week delay to the completion of the Stockpile Project.
The Westwood team has committed to a quick resolution and expects the resumption of milling of Orefinders resource to recommence by the end of November 2016.
About Phase One of the Mirado Stockpile Project
Phase One is a resource that was blasted and mined from the Mirado open pit mine during its production in the 1980’s. Orefinders has since completed a resource calculation on the Stockpiles which delineated an inferred resource of 20,742 tonnes at an average grade of 4.41 grams per tonne for a total of 2,939 contained gold ounces as disclosed in the Technical Report filed on Sedar on December 13, 2013.
Neither 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. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Orefinders’ assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Orefinders. Additional information identifying risks and uncertainties is contained in filings by Orefinders with Canadian securities regulators, which filings are available under Orefinders’ profile at www.sedar.com.
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