,EXPLORATION UPDATE 5000 M DRILLING 2020-08-14

08/14/2020 (MT Newswires) -- Orefinders Resources Inc. (ORX.V) down 12% on last look, on Friday announced a 5,000 metre diamond core drilling program on its Knight Gold Project, in the Shining Tree Greenstone Belt about 110km southwest of Kirkland Lake, Ontario.

The drilling will focus on two high priority exploration targets and is expected to begin in September 2020. Orefinders views the Knight Project as having highly prospective geology with mineralization representing multiple styles.

The company also announced that a total of 2.4 million incentive options have been granted to officers, directors and consultants. The option's exercise price is $0.13 per share and they are exercisable for a period of five years from the date of issue.