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Mines D'Or Orbec Announces First Batch of Assay Results from Summer 2025 Drill Campaign at Lac Bernard Sud Shows Promising Gold-Bearing Mineralization with Geologic Similarities to Adjacent Large Nelligan Discovery
bluebird biobluebird bio(US:BLUE) Newsfileยท2025-09-11 17:39

Core Insights - Mines D'Or Orbec Inc. has announced promising preliminary results from its first drill campaign at the Lac Bernard Sud anomaly, indicating significant gold-bearing mineralization with geological similarities to the adjacent Nelligan gold deposit [1][2][3] Summary by Sections Drill Results - The initial results from the seven-hole drill program at Lac Bernard Sud show a sediment-hosted mineralized zone, exceeding the company's targets for the year [2][4] - The best results include a 16 to 18 meter zone of highly anomalous gold with grades ranging from 0.15g/t Au to 0.20g/t Au, with further drilling required to confirm continuity [6][7] Geological Context - The geological setting at Lac Bernard Sud shares strong similarities with IAMGold's Nelligan Discovery, which has an indicated mineral resource of 3.1 million ounces of gold [3] - The presence of silicification, pyrite, and arsenopyrite suggests that Lac Bernard Sud is an orogenic gold system, which is significant for potential gold mineralization [3][5] Future Plans - The company plans to conduct further drilling to expand and test the continuity of the mineralization, with a focus on higher grades [4][16] - Additional assay results from other drill holes and surface sampling are expected in the coming weeks, which will provide further insights into the mineralization potential [2][5] Company Overview - Mines D'Or Orbec Inc. owns 100% of the Muus Property, covering approximately 25,250 hectares in the Abitibi Greenstone Belt, which is prospective for gold mineralization [18] - The company is collaborating with IAMGOLD, which holds a 9.9% stake in Orbec, leveraging IAMGOLD's regional expertise [18]