ORBEC GOLD MINES INC Stock Price, News & Analysis

Mines d'Or Orbec (TSXV: BLUE) has launched its 2025 surface exploration program on a second high-priority target within the Muus Property in Quebec's Abitibi gold belt. The company has already completed over 2,000 metres of drilling at Lac Bernard South, with assays pending by Q3 2025.

The exploration program includes systematic mapping, channel sampling, ground truthing of geophysical anomalies, and prospecting. The Muus Property, spanning 25,250 ha, is strategically located near IAMGOLD's Nelligan Deposit, which hosts 8.3 Moz of gold resources. Multiple pyrite and fuchsite-bearing zones were intersected during the summer campaign, showing alteration patterns similar to the Nelligan deposit.

Mines d'Or Orbec (TSXV: BLUE) (OTC: BLTMF) has completed a significant 2,000+ meter diamond drilling campaign at its wholly-owned Muus property in Quebec's Abitibi Greenstone Belt. The campaign focused on the Lac Bernard area, with key drill holes MUUS25-23 and MUUS25-19 intersecting multiple silicified and pyrite-bearing zones.

The property is strategically located along the Guercheville Deformation Zone (GDZ), near IAMGOLD's Nelligan Deposit which hosts 3.1 million ounces of indicated gold resources and 5.1 million ounces of inferred gold resources. The company expects assay results in approximately 6 weeks.

Additionally, Orbec announced a stock option grant of 4,150,000 common shares at $0.06 per share, expiring July 11, 2030.

Mines D'Or Orbec (TSXV: BLUE) has completed the second and final tranche of its non-brokered private placement, raising $430,000 through the sale of 8.6 million units at $0.05 per unit. 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 total offering, including the first tranche, raised $1,005,000 through 19.5 million units and 714,284 flow-through shares at $0.07. Proceeds will fund exploration and working capital. The company paid 6% finder's fees and issued finder warrants. Company insiders Chad Williams (Chairman) and John Tait (CEO) each invested $35,000 in the offering, with their participation exempt from formal valuation requirements under MI 61-101.

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.