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Mines D'Or Orbec (TSXV: BLUE) has initiated a new phase of exploration at its 100%-owned Muus project near Chibougamau, Québec. The company is conducting a high-definition drone-platform magnetic survey through Terrascope Inc., covering approximately 2,558 line-kilometres at 35-metre line spacing.
The survey targets an area within the extension of the structure hosting IAMGOLD's multi-million-ounce Nelligan gold project, which is adjacent to Muus. The target selection was influenced by exceptional gold-in-till geochemical anomalies, reported among Québec's highest, along with historic drill data and structural geology interpretation.
CEO Dorian L. Nicol highlighted that high-definition magnetics were important in defining gold-bearing structures at Nelligan, leading to its discovery. The survey is expected to complete early next year, contributing to the company's goal of defining high-quality drill targets.
Mines D'Or Orbec (TSXV: BLUE) has appointed Cindy Davis as Chief Financial Officer, effective December 11, 2024, replacing Alain Lévesque who departed on November 25, 2024. Davis brings over 15 years of experience in accounting, financial reporting, regulatory compliance, and management advisory services through Marrelli Support Services Inc. She is a Canadian Chartered Professional Accountant with a Bachelor of Science in Accounting and Economics from the University of West Indies in Jamaica. The company's CEO, Dorian L. Nicol, expressed confidence that Davis's skills and experience will support the company's growth and value creation objectives.
Mines D'Or Orbec (TSXV: BLUE) has announced changes to its Board of Directors. Chad Williams, the company's largest shareholder, will now serve as Chairman. David W. Christie has joined the Board as an Independent Director. CEO Dorian L. (Dusty) Nicol expressed satisfaction with Christie's appointment, citing his technical and corporate experience as valuable assets for the company's growth.
David W. Christie brings 38 years of experience in mining, exploration, and mining finance. His previous roles include president and CEO of Orford Mining Corp. and Eagle Hill Exploration Christie has also worked in investment and as a mining equity analyst.
The company provided an update on its Muus Project, stating plans for glacial till sampling in the Lac Bernard area and geophysics in select areas. The objective is to define high-quality drill targets. Dorian L. (Dusty) Nicol, the company's CEO and Qualified Person, has approved the technical information in the news release.
Mines D'Or Orbec (TSXV: BLUE) has announced promising initial results from its 2024 exploration campaign at its Muus Gold Project in Chibougamau, Québec. The program, designed with IAMGOLD , focuses on Lac Bernard Sud and Lac des Sables. At Lac Bernard Sud, highly anomalous gold grains have been found in till samples, suggesting proximity to source and potential for a Nelligan-style deposit. At Lac des Sables, fieldwork confirmed the prospectivity for volcanogenic massive sulphide (VMS) mineralization, with copper-gold-silver-zinc mineralization observed in historical trenches. The company continues geologic mapping, geochemical sampling, and geophysical surveys to identify drill targets. Additionally, Orbec has secured a $100,000 interest-free loan from Non-Executive Chairman Chad Williams, convertible into units of the company.
On July 3, 2024, Blue Thunder Mining announced its name change to Mines D'Or Orbec effective July 5, 2024. Despite the name change, the trading symbol will remain BLUE. The company also provided an update on its 2024 exploration campaign at the Muus Gold Project in Chibougamau, Québec. This campaign, designed with IAMGOLD and approved by the IAMGOLD-Orbec Technical Committee, will include geological mapping, geochemical sampling, geophysics, and glacial till sampling. The Muus Project spans 25,250 hectares and is situated at the intersection of two mineralized structures hosting IAMGOLD's Nelligan and Monster Lake Gold Projects. The goal is to define high-quality drill targets for autumn and winter testing. Previous work has identified multiple mineralized occurrences, and the new program aims to refine these targets through a highly focused and cost-effective approach.
Blue Thunder Mining has announced significant changes in its leadership team. Effective June 25, 2024, Alain Lévesque will join as CFO, replacing Robert Boisjoli. Lévesque brings 20 years of experience in financial reporting and corporate governance, with a strong background in the mining sector. He has previously worked with major accounting firms and held CFO positions in publicly traded companies.
CEO Dorian L. Nicol highlighted Lévesque's role in the company’s strategic focus on Quebecois gold projects and the ongoing collaboration with IAMGOLD on the Muus Gold Project. Additionally, Jean-Patrick Larivière is resigning from the Board of Directors to focus on other business interests. The company will also undergo a name change to Mines D'Or Orbec, effective around June 30.
Blue Thunder Mining announces a name change to Orbec Gold Mines, effective after the Annual General Meeting on June 6, 2024, pending approval. The ticker remains 'BLUE' for simplicity. The company will also relocate its headquarters to Brossard, Quebec, sharing office space with IAMGOLD. CEO Dorian L. (Dusty) Nicol highlights that these changes reflect the company's focus on becoming a Quebec-centric gold exploration firm, with benefits like enhanced technical collaboration. The technical information has been approved by Nicol, a Qualified Person under National Instrument 43-101.
Blue Thunder Mining (TSXV: BLUE, OTC Pink: BLTMF), a mineral exploration company, will participate in THE Mining Investment Event of the North from June 4-6, 2024, in Quebec City. Management will hold one-on-one meetings with investors, highlighting the company's ongoing projects and future plans. Interested investors can contact Jennifer Choi at jchoi@irinc.ca for registration.
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