Orbec Set to Drill the Lac Bernard Zone in June, 2025

Rhea-AI Summary

Mines D'Or Orbec (TSXV: BLUE) has announced significant developments at its Muus Property following a detailed drone magnetics survey at 35-meter line-spacing. The company's team has identified drill targets at the intersection of the E-W Guercheville fault and NE-SW faults.

The E-W Guercheville Deformation Zone is known to host several mineralized bodies, including IAMGOLD's Nelligan Gold project and the Falcon and Philibert projects. The company plans to commence drilling in June 2025 to investigate these prospective fault intersections.

CEO John Tait expressed confidence in the upcoming drill program's potential to identify gold mineralization. The nearby Nelligan deposit contains 8.2 million ounces of gold, highlighting the region's potential. The Southern Chapais-Chibougamau Camp, where the property is located, remains largely underexplored, offering significant upside potential for gold exploration.

Positive

• Company owns 100% of the Muus property
• Property location near significant gold deposits including 8.2M oz Nelligan deposit
• Successful completion of detailed drone magnetics survey identifying specific drill targets
• Property situated in underexplored region with potential for major discoveries

Negative

• No drilling has been conducted yet on the identified structures
• Success of exploration program remains speculative

Brossard, Québec--(Newsfile Corp. - April 1, 2025) - Mines D'Or Orbec Inc. (TSXV: BLUE) (the "Company") Orbec is pleased to announce a major development regarding its Muus Property. Following a comprehensive drone magnetics survey at 35-meter line-spacing, the Company's geophysical and geological team has defined drill targets, where the E-W Guercheville fault intersects NE-SW faults, on the company's 100% owned Muus property. This important confirmation is expected to play a critical role in Orbec's ongoing exploration efforts.

For regional context, the E-W Guercheville Deformation Zone hosts several mineralised bodies, such as the Nelligan Gold project (IAMGOLD), and the Falcon and Philibert projects (Northern Superior). Also, NE-SW oriented faults are important regional structures observed, for example, at IAMGOLD's Monster Lake project and in the Fancamp corridor.

In light of this breakthrough, Orbec's geological team has devised an ambitious drilling program to further investigate this highly prospective fault intersection. The team is optimistic that the upcoming drilling campaign will help delineate and confirm the structures that have yet to be fully explored (Figure 1 below), and identify those which host gold mineralisation.

Figure 1

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6951/246847_4bc49dfbe4430b58_001full.jpg

John Tait, CEO of Orbec, emphasized the importance of the recognition of these features, saying, "With an outstanding team of geophysicists and geologists on this program, we're very confident that the proposed drill program will delineate and confirm these structures that have never been drilled, and identify gold mineralisation. The Southern Chapais-Chibougamau Camp offers exceptional upside value to gold explorers, as it remains largely underexplored. We are in an exciting phase of our comprehensive exploration program which we believe will lead to drilling significant mineralized intersections that could mirror discoveries and mines in the surrounding area, such as IAMGOLD's Nelligan deposit, which boasts 8.2 million ounces of gold."

The confirmation of the fault intersection signals an exciting new phase for Orbec, and the upcoming drilling program is highly anticipated to unlock the full potential of the Muus Property.

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. Field work completed during 2022 established that the northern portion of the Muus Gold Project is also prospective for copper-gold volcanogenic massive sulphide mineralisation, as well as confirming that it is prospective for high-grade gold mineralisation similar to IAMGOLD's nearby Monster Lake gold deposit.

ON BEHALF OF THE BOARD

John Tait, CEO & Director

For more information, please visit our website www.orbec.ca or contact John Tait, info@orbec.ca.

Neither the 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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the size and use of proceeds of the Offering, the timing and ability of the to close the Offering, including obtaining approval of the Offering from the TSX Venture Exchange, if at all (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246847

FAQ

When will Orbec (BLTMF) begin drilling at the Lac Bernard Zone?

Orbec plans to begin drilling at the Lac Bernard Zone in June 2025.

What did Orbec's (BLTMF) recent drone magnetics survey reveal?

The survey identified drill targets where the E-W Guercheville fault intersects NE-SW faults on the Muus property.

How many ounces of gold are in the nearby Nelligan deposit referenced by Orbec (BLTMF)?

The nearby Nelligan deposit, owned by IAMGOLD, contains 8.2 million ounces of gold.

What is the significance of the fault intersections discovered on Orbec's (BLTMF) Muus Property?

These fault intersections are similar to structures hosting major gold deposits in the region, suggesting potential for significant gold mineralization.