(TheNewswire)
Aurora, Ontario – TheNewswire - July 13, 2021, NewOrigin Gold Corp. (TSXV:NEWO) (“ NewOrigin ” or the “ Company ”) announces that it willbe commencing a diamond drill program on its North Abitibi Property innortheastern Ontario and provides an update on its Sky Lake GoldProject in northwestern Ontario.
North Abitibi Gold Project
NewOrigin is commencing an up to 3,000 metre (m) diamond drill programto test extensive zones of gold mineralization at its North AbitibiProperty. The current program will be comprised of holes to furtherevaluate changes at depth within zones of known mineralization and toconduct initial drill tests of near-surface exploration targets,identified by induced polarization (IP) surveys and past tillsampling. The Company has contracted Edcor Drilling Services tocomplete the drilling. The drill rig is to be mobilized to site in thecoming weeks.
North Abitibi is a 10-kilometre (km) long property, covering over4,200 hectares (ha) bisected by the Casa Berardi Fault. The Propertyis 120 km northeast of the town of Cochrane, Ontario approximately 40km west of Hecla’s Casa Berardi Mine and 50 km south of KirklandLake Gold’s Detour Lake Gold Mine. The Property and mineralizedzones are directly accessed by highway and gravel road. The propertyis fully permitted for drilling.
“We are excited to begin drilling on our North Abitibi gold projecton the Casa Berardi trend in northeastern, Ontario.” Commented MarkSantarossa, NewOrigin’s President. “North Abitibi is in proximityto operating gold mines and hosts significant historical near-surfacehigh-grade gold drill intercepts. NewOrigin will test recentlyidentified surface and deep IP targets below previous drilling with aview to discovering a significant gold resource.”
Sky Lake Gold Project
The Company continues to encounter delays in obtaining the requireddrill permits for Sky Lake. During January of this year, with ten daysleft to obtain the drill permit, the Ontario Ministry of Energy,Northern Development and Mines (ENDM) put the application on temporaryhold, citing COVID-19 as a significant issue in the nearby community.The temporary hold status remains in place. The Company continues towork with ENDM and is closely monitoring the situation in the region.The Company is hopeful that the permit situation will be resolved inthe near future.
During this delay, the Company has been actively building itsrelationship with the Mishkeegogamang First Nations Community, thetraditional land and rights holders of the area. The Company has heldseveral meetings and consultations with respect to the Sky Lakeexploration plan and looks forward to continuing an open andrespectful dialogue with the Community as we forge a strongpartnership.
“While disappointed with the prolonged permitting delays at SkyLake, a meaningful dialogue has been established with our Indigenouspartners, focused on building a long-term respectful relationship inthe region.” Commented Mark Santarossa. “We appreciate theMishkeegogamang’s willingness to engage with us and will continue toseek their support while we await our drill permit.”
About NewOrigin Gold Corp.
NewOrigin Gold Corp. (formerly Tri Origin ExplorationLtd.) is a well-funded, Canadian gold exploration company focused onmaking a major gold discovery in the Canadian Shield to create valuefor our shareholders.
NewOrigin’s management and boards have extensiveexperience in discovery and development of gold deposits and is wellpositioned with promising, under-explored projects in productivemining camps. The Company applies sound geological science and newtechniques and technologies to advance its projects, with the supportof our new strategic backers, O3 Mining Inc. and Osisko Mining Inc.NewOrigin Gold trades on the TSX Venture Exchange under the ticker“NEWO”.
For more information please visit www.neworigingold.com or SEDAR www.sedar.com or contact:
NEWORIGIN GOLD CORP.
Mark Santarossa, CPA, CA, MBA
President
M: 416-371-1325
E: msantarossa@neworigingold.com
Cautionary Statement regardingForward Looking Statements:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. This News Release includes certain “forward-lookingstatements” which are not comprised of historical facts.Forward-looking statements include estimates and statements thatdescribe the Company’s future plans, objectives or goals, includingwords to the effect that the Company or management expects a statedcondition or result to occur. Forward-looking statements may beidentified by such terms as “believes”, “anticipates”,“expects”, “estimates”, “may”, “could”, “would”,“will”, or “plan”. Since forward-looking statements are basedon assumptions and address future events and conditions, by their verynature they involve inherent risks and uncertainties. Although thesestatements are based on information currently available to theCompany, the Company provides no assurance that actual results willmeet management’s expectations. Risks, uncertainties and otherfactors involved with forward-looking information could cause actualevents, results, performance, prospects and opportunities to differmaterially from those expressed or implied by such forward-lookinginformation. Forward looking information in this news releaseincludes, but is not limited to, the intention to complete theforegoing, the Company’s objectives, goals or future plans,statements, exploration results, potential mineralization, theestimation of mineral resources, exploration and mine developmentplans, timing of the commencement of operations and estimates ofmarket conditions. Factors that could cause actual results to differmaterially from such forward-looking information include, but are notlimited to, the Company’s ability to obtain all approvals requiredin connection with the foregoing, the Company’s ability to predictor counteract potential impact of COVID-19 coronavirus on factorsrelevant to the Company’s business failure to identify mineralresources, failure to convert estimated mineral resources to reserves,the inability to complete a feasibility study which recommends aproduction decision, the preliminary nature of metallurgical testresults, delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals, politicalrisks, inability to fulfill the duty to accommodate First Nations andother indigenous peoples, uncertainties relating to the availabilityand costs of financing needed in the future, changes in equitymarkets, inflation, changes in exchange rates, fluctuations incommodity prices, delays in the development of projects, capital andoperating costs varying significantly from estimates and the otherrisks involved in the mineral exploration and development industry,and those risks set out in the Company’s public documents filed onSEDAR. Although the Company believes that the assumptions and factorsused in preparing the forward-looking information in this news releaseare reasonable, undue reliance should not be placed on suchinformation, which only applies as of the date of this news release,and no assurance can be given that such events will occur in thedisclosed time frames or at all. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.
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