ORBEC GOLD MINES INC Stock Price, News & Analysis

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.

Mines D'Or Orbec (TSXV: BLUE) has requested a 30-day extension from the TSX Venture Exchange for price protection related to its private placement offering. The offering, initially announced on April 2, 2025, requires additional time to complete further subscriptions for its second and final tranche, which is expected to close by the end of May 2025.

The completion of the offering remains contingent on receiving further subscriptions and obtaining necessary corporate and regulatory approvals, including TSXV approval. Securities issued through this offering will be subject to a four-month plus one day hold period from the issuance date.

Mines D'Or Orbec/Orbec Gold Mines (TSXV: BLUE) (OTC Pink: BLTMF) has announced its participation in the upcoming 121 Mining Investment Conference in London on May 12-13, 2025. CEO John Tait will present the company's recent activities and future plans at the event. The conference will feature over 110 mining companies and more than 650 sophisticated investors, offering pre-arranged one-on-one meetings and expert commentary on industry developments. Interested investors can register for a free pass to attend the conference.

Mines D'Or Orbec (TSXV: BLUE) has completed the first tranche of its non-brokered private placement, raising $575,000 through the sale of 10.5 million units at $0.05 per unit and 714,284 flow-through shares at $0.07 per share.

Each unit consists of one common share and half a warrant, with each full warrant allowing purchase of an additional share at $0.075 within 18 months. The company will use flow-through proceeds for exploration at its Muus Property in Chibougamau, Québec, while unit proceeds will fund general exploration and working capital.

Notable participants include Chairman Chad Williams ($125,000) and CEO John Tait ($100,000). The second tranche is expected to close around May 9th, 2025. Securities are subject to a four-month hold period and TSXV final approval.

Mines D'Or Orbec (TSXV: BLUE) has announced a non-brokered private placement offering to raise up to $1.1 million. The offering consists of: (i) 1,428,571 flow-through shares at $0.07 per share for gross proceeds of up to $100,000, and (ii) 20,000,000 units at $0.05 per unit for gross proceeds of up to $1,100,000.

Each unit includes one common share and half a warrant, with each full warrant allowing purchase of an additional share at $0.075 within 18 months. The flow-through proceeds will fund exploration at the Muus Property in Chaplais, Québec, while unit proceeds will support general exploration and working capital. The offering is expected to close around April 25, 2025.

Notable insider participation includes Chairman Chad Williams ($125,000) and CEO John Tait ($100,000) in unit purchases.

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.

Mines D'Or Orbec (TSXV: BLUE) has reported significant findings from a high-resolution magnetic survey at its wholly-owned Muus gold project near Chibougamau, Québec. The survey, covering 2,558 line-kilometres with 35-metre spacing, identified two promising target zones with structural features similar to major regional deposits.

The project's Zone A, located in Lac Bernard Sud, exhibits intersecting northeast-southwest and east-west structures, with previous drilling revealing sericitic alteration along the same deformed volcano-sedimentary contact as IAMGOLD's Nelligan deposit (3.12M oz indicated, 5.16M oz inferred as of February 2025). Zone B, positioned east of Zone A, shows structural complexity and magnetic contrasts indicative of potential gold mineralization.

The company plans to commence drilling soon, following the strategy that led to IAMGOLD's Nelligan discovery. Additionally, Orbec has granted 571,000 options at $0.05 per share until March 19, 2030, and 2,714,000 options at $0.05 per share until December 23, 2029.

Mines D'Or Orbec (TSXV: BLUE) has announced significant leadership changes effective February 27, 2025. John Tait has been appointed as the new CEO and Director, bringing over 25 years of mining exploration experience. Tait's notable achievement includes his role as President of Southern Star Resources Inc., which was later sold to Goldcorp Inc. for C$1.5 billion in 2008.

The current CEO and Director, Dorian L. (Dusty) Nicol, will step down but continue as an advisor, contributing his geological expertise to the company's Muus property development. This property is strategically located adjacent to IAMGOLD 's Nelligan gold deposit, which currently holds 8.3 million oz of gold with potential for growth.

Mines D'Or Orbec (TSXV: BLUE) announced key changes to its Board of Directors effective January 27, 2025. Paolo Cattelan, currently Vice President of Business Development at WEALTH, joins the board bringing 30 years of engineering and construction experience from roles at SNC-Lavalin, Bantrel/Bechtel, and AECOM.

The company also appointed Kettina Cordero, current VP of Investor Relations at Thesis Gold, following the resignation of Philippe Girard. Cordero brings over 15 years of investor relations expertise in the mining sector, having worked with Pan American Silver, Alexco Resource, Capstone Copper, and Aris Mining.

In connection with these appointments, Orbec granted 450,000 stock options to the directors, subject to TSX-V approval.