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Mines d'Or Orbec Inc. Announces Shares for Debt Settlement
Newsfile· 2025-09-05 22:00
Company Overview - Mines D'Or Orbec Inc. has entered into a debt settlement agreement to resolve outstanding severance payments totaling $76,325 by issuing 150,000 common shares at a deemed price of $0.509 per share [1] - The Board of Directors believes that settling the debt through share issuance is in the best interest of the Company to preserve cash for ongoing operations [1] Project Details - Orbec owns 100% of a significant mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt [3] - The Muus Project is prospective for gold mineralization and is adjacent to IAMGOLD's 8.3 million oz Nelligan Gold Project [3] - Exploration of the Muus Gold Project will advance in technical collaboration with IAMGOLD, which holds approximately 8.3% of Orbec [3] - Fieldwork completed in 2022 confirmed the northern portion of the Muus Gold Project is also prospective for copper-gold volcanogenic massive sulfide mineralization and high-grade gold similar to IAMGOLD's nearby Nelligan deposit [3]
Mines d'Or Orbec Appoints Jean-David Moore to Advisory Role
Newsfile· 2025-08-11 11:00
Company Overview - Mines D'Or Orbec Inc. is a gold exploration company that controls 100% of a significant land position near the Chapais-Chibougamau gold district in Quebec, covering approximately 51,000 hectares [5] - The project is strategically located near major regional trends associated with IAMGOLD's Nelligan, Northern Superior Resources Lac Surprise, and Monster Lake, providing excellent access [5] Appointment of Advisory Role - Mr. Jean-David Moore has been appointed to an advisory role within the company, bringing over 20 years of experience in mineral exploration and development [1][2] - He holds equity positions in more than 50 junior mining companies across Quebec and Canada, including over 7,000,000 shares of Orbec [2] Mr. Moore's Background - Mr. Moore serves as a director for several companies, including Bullion Gold Resources Corp. and Dios Exploration Inc., and has a strong background in forestry engineering with over 80 published scientific papers [3][4] - His extensive industry knowledge and investment insight are expected to benefit Orbec significantly [4]
Former Troilus Geologist, Bertrand Brassard, Joins Orbec's Geological Team
Newsfile· 2025-07-30 11:00
Company Overview - Mines D'Or Orbec Inc. is a gold exploration company that controls 100% of one of the largest land positions near the Chapais-Chibougamau gold district in Quebec, which has significant historical production and recent discoveries [3] - The Muus Project covers approximately 51,000 hectares in five separate blocks within the eastern part of the Abitibi Greenstone Belt, considered particularly prospective for gold mineralization due to prominent fault-sets [3] Key Appointment - Mr. Bertrand Brassard has been appointed as a Geological Consultant, bringing over 40 years of experience in mineral discoveries, particularly in the Chibougamau Mining Camp [1][2] - Brassard has previously served as Chief Geologist for notable companies and was instrumental in the growth of Troilus Gold from 2018 to 2021 [2] Strategic Importance - The addition of Mr. Brassard to the geological team is expected to enhance the company's exploration initiatives, leveraging his deep understanding of the local mining camp [3]
Mines d'Or Orbec Mobilizes 2025 Surface Exploration on Second Target While Awaiting Drill Results from Lac Bernard
Newsfile· 2025-07-29 12:20
Core Insights - Mines d'Or Orbec Inc. has initiated its 2025 surface exploration program on a second high-priority target within the Muus Property, separate from the earlier Lac Bernard South drill campaign [1][3] - The company is awaiting assay results from the Lac Bernard drilling while advancing work on the new target to unlock the broader potential of the Muus Property [1][3] Exploration Program Details - The 2025 surface exploration program will include systematic mapping, sampling, and LiDAR work through Q3 2025 [8] - Activities will focus on channel sampling over mineralized zones, ground truthing of geophysical anomalies, and prospecting for additional drill targets [9] Strategic Location and Geology - The Muus Property is strategically located along the Guercheville Deformation Zone in Quebec's Abitibi Greenstone Belt, covering 25,250 hectares with favorable geology and historical indicators of mineralization [7][12] - The property is in proximity to IAMGOLD's Nelligan Deposit, which has indicated mineral resources of 3.1 million ounces of gold and inferred resources of 5.1 million ounces [10] CEO Commentary - CEO John Tait emphasized that the 2025 surface work aims to build on the momentum from the spring drill campaign, which successfully intersected zones of alteration and mineralization [6] Next Steps - The company plans to complete surface mapping and sampling, with assay results from the summer 2025 drilling campaign at Lac Bernard South expected by the end of Q3 2025 [10][15]
Orbec Completes Over 2,000 Meters of Diamond Drilling on Its 100% Owned Muus Gold Property, Chibougamau, Quebec
Newsfile· 2025-07-14 14:31
Core Viewpoint - Mines d'Or Orbec Inc. has successfully completed a 2,000+ metre drilling campaign at its Muus property, indicating strong potential for gold mineralization in the region [1][2][5]. Company Overview - Mines d'Or Orbec Inc. controls 100% of the Muus property, which is strategically located in Quebec's Abitibi Greenstone Belt, covering approximately 51,000 hectares [10]. - The property is situated near significant gold resources, including IAMGOLD's Nelligan Deposit, which is approximately 27 km away [4][10]. Drilling Campaign Details - The Spring 2025 drilling campaign focused on the Lac Bernard area, targeting geological lineaments identified in a high-resolution magnetic drone survey [5]. - Key drill holes, MUUS25-23 and MUUS25-19, intersected multiple silicified and pyrite-bearing zones, which are indicative of gold mineralization [12]. Geological Insights - The geological findings from the drilling campaign suggest similarities to major gold systems in the area, reinforcing the potential for significant gold deposits [5][12]. - The presence of fuchsite and a thick competent sedimentary unit with strong quartz veining further supports the potential for a robust mineralized environment [12]. Future Expectations - The company anticipates receiving assay results from the independent laboratory in approximately six weeks, which will provide further insights into the mineralization potential of the Muus property [1][7]. - The President and CEO expressed optimism regarding the untapped potential of the Muus property and the scale of the opportunity [7]. Stock Options - The Board of Directors has approved the grant of stock options for the purchase of up to 4,150,000 common shares at a price of $0.06 per share, expiring on July 11, 2030 [8][9].
Mines D'Or Orbec Announces Closing of Second and Final Tranche of Private Placement
Newsfile· 2025-06-09 21:20
Company Overview - Mines D'Or Orbec Inc. has completed a non-brokered private placement, raising a total of $1,005,000 through the issuance of 19,500,000 units and additional common shares [1][3] - The company owns 100% of a mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares in the Abitibi Greenstone Belt, which is prospective for gold and copper-gold mineralization [6] Offering Details - The second tranche of the offering consisted of 8,600,000 units sold at $0.05 per unit, generating gross proceeds of $430,000 [1][2] - Each unit includes one common share and one-half of a share purchase warrant, with warrants exercisable at $0.075 for 18 months [2] - The net proceeds will be allocated for exploration of the company's properties and general corporate purposes [3] Related Party Transactions - The Chairman and CEO of the company each purchased $35,000 worth of units in the offering, classified as a related party transaction [5] Regulatory and Financial Aspects - The shares and warrants are subject to a four-month hold period and require final approval from the TSX Venture Exchange [4] - Eligible finders received a 6% cash fee on the gross proceeds and finder warrants equivalent to 6% of the total units sold [4]