Mines d'Or Orbec Inc. Announces Commencement of Fully Funded Drill Program on the Muus Property, Quebec

Rhea-AI Summary

Mines d'Or Orbec Inc. (TSXV: BLUE) has announced the commencement of its fully funded and permitted inaugural drill program on the Muus Property in Quebec, scheduled to begin June 16, 2025. The property, spanning 25,250 hectares near Chapais, includes the Lac Bernard Sud corridor, strategically located along strike within the same structure as IAMGold's Nelligan gold project (3.1M oz Indicated at 0.95 g/t Au, 5.2M oz Inferred at 0.96 g/t Au). Phase One will include 2,000 metres of diamond drilling, targeting intersections of the Guercheville and FanCamp Deformation Zones. The company has identified promising gold-in-till anomalies with values exceeding 0.5 g/t Au, suggesting proximal bedrock sources. Initial assay results are expected between mid to late August 2025.

Positive

• Fully funded and permitted drill program ready to commence
• Strategic location along strike with IAMGold's Nelligan project (8.3M oz Au total resource)
• Promising gold-in-till anomalies exceeding 0.5 g/t Au indicating potential proximal source
• Company is financially prepared for a two-phase drill program

Negative

• None.

Chibougamau, Quebec--(Newsfile Corp. - June 5, 2025) - Mines d'Or Orbec Inc. (TSXV: BLUE) ("Orbec" or the "Company"), a Quebec-based gold exploration company, is pleased to announce that its fully funded and fully permitted inaugural drill program on the Muus Property is scheduled to commence on June 16, 2025.

The Muus Property is located approximately 30 kilometers south of Chapais, Quebec, and comprises approximately 25,250 hectares. The property includes the highly prospective Lac Bernard Sud corridor. This corridor is strategically situated along strike and within the same structure as IAMGold Corporation's Nelligan gold project containing 3.1 million ounces of gold Indicated at a grade of 0.95 grams per tonne Au (g/t) plus 5.2 million ounces of gold Inferred at a grade of 0.96 g/t Au¹. Orbec's upcoming drill campaign will focus on key structural intersections within this corridor believed to be highly conducive to gold mineralization. These structural intersections were identified by the recently completed high-definition magnetics geophysical survey.

Exploration Highlights:

• Drill program commencement: June 16, 2025, targeting the intersection of the Guercheville Deformation Zone-host to the Nelligan Discovery-and the FanCamp Deformation Zone;
• Phase One will comprise approximately 2,000 metres of diamond drilling, supported by detailed structural interpretation, historical data integration, and recent geophysical surveys;
• Gold-in-till anomalies include pristine, non-transported grains with values exceeding 0.5 g/t Au, suggesting a proximal bedrock source aligned with key deformation corridors;
• The Company is fully financed for a two-phase drill program and is actively assessing additional high-priority targets for follow-up.

"This is a transformative moment for Orbec and our shareholders," said John Tait, Chief Executive Officer of Orbec. "With full funding secured and permits in place, we're mobilizing to initiate our first-ever drill program at Lac Bernard Sud-an asset we believe has the potential to become a major new gold discovery. Located along strike from a multi-million-ounce gold deposit, this program represents a key inflection point in our growth strategy and a significant opportunity to generate long-term value for our shareholders through discovery-driven upside." Initial assay results are expected to be released between mid to late August 2025.

Figure 1

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QUALIFIED PERSON
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol (OGQ, PG, FAusIMM), technical adviser to the Company, 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 and highly prospective mineral claim position near Chibougamau, Québec. The Muus Project covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt. Muus is prospective for gold mineralisation and is adjacent to and on strike with IAMGOLD's 8.3 million oz Nelligan Gold Project. Orbec has announced that exploration of the Muus Gold Project will advance in technical collaboration with IAMGOLD, which owns approximately 8.3% of the Company.

For further information, please contact:
Catherine Ryder
VP, Corporate Development
cryder@orbec.ca
www.orbec.ca

Source: IAMGOLD Corporation - Nelligan Gold Project, NI 43-101 Technical Report.

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¹ "NI 43-101 Technical Report on the Nelligan Gold Project, Québec", 2025, prepared by SRK Consulting (Canada) Inc. Resource estimates from neighboring properties do not necessarily apply to the current project.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254575

FAQ

When will Mines d'Or Orbec (BLTMF) start its drill program at Muus Property?

Mines d'Or Orbec will commence its drill program on June 16, 2025, at the Muus Property in Quebec.

What is the size of IAMGold's Nelligan gold project near Mines d'Or Orbec's Muus Property?

IAMGold's Nelligan project contains 3.1 million ounces of Indicated gold at 0.95 g/t Au and 5.2 million ounces of Inferred gold at 0.96 g/t Au.

How many meters of diamond drilling are planned for Phase One at Muus Property?

Phase One of the drill program will comprise approximately 2,000 metres of diamond drilling.

When will Mines d'Or Orbec (BLTMF) release initial assay results from the Muus Property drilling?

Initial assay results are expected to be released between mid to late August 2025.

What is the size of Mines d'Or Orbec's Muus Property in Quebec?

The Muus Property comprises approximately 25,250 hectares and is located about 30 kilometers south of Chapais, Quebec.