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Yeah, I’d like details
We could use some visibility into how Orea proposes to transfer funds to Nordgold. Now, as far as I know, the wife is the owner of the Russian interest in Montange. Still, I wonder if the west would interfere in the deal?? FYI, very long, not short $OREAF
If goes to $1 current pps is a steal.
Not bad. I wish I would have picked up a couple hundred thousand more shares at $.035. I want a million shares in case this hits $1
Hopefully this succeeds, and deblocks the court discussion positively.
Then we're golden (what it's in the name)
Orea Mining
@OreaMining
·
34s
Orea has initiated negotiations with Nordgold to Obtain 100% of the Montagne d'Or Gold Deposit. The prospect of owning 100% of Montagne d’Or is an immense opportunity for Orea and its shareholders, hence the company is prioritizing its financial resources to that objective.
Looking good!!!
Another Looser pic , just eatn up all the House $$ put on it , will this one ever learn …..lmao
Low 3’s today, how soon will 2’s come?
News Releases
Orea Closes First Tranche of Private Placement
June 17, 2022
View PDF
Vancouver, BC, Canada, June 17, 2022, Orea Mining Corp. (“Orea”) (OREA: TSX) (OREAF: OTCQX) (3CG: FSE) is pleased to announce that it has closed the first tranche of its previously announced private placement (the “First Tranche”) (see news release dated June 13, 2022), raising gross proceeds of CAD$215,000 through the issuance of 4,300,000 units of Orea (each a “Unit”) at a price of CAD$0.05 per Unit. Each Unit is comprised of one common share of Orea (a “Share”) and a full warrant. Each warrant entitles the holder, on exercise, to purchase one Share at a price of CAD$0.10 for a period of 18 months from the closing date of the First Tranche. One insider of Orea participated in the First Tranche. A total of CAD$12,000 is being paid as finders’ fees in connection with the First Tranche.
The proceeds from the First Tranche will be used primarily to fund an action plan, that Orea management and its advisors have initiated, in response to the sanctions imposed by the United States on Nord Gold plc (“Nordgold”), Orea’s joint-venture partner (see press release of June 7, 2022).
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
ON BEHALF OF THE BOARD:
Rock Lefrançois
President & CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1 888-818-1364
ir@oreamining.com
what are your thoughts on the sanctions coming in july, can orea pull it off?
I also have plenty but keeping a watchful eye on $OREAF
I'm already in pretty deep but might do the same.
I'll add as funds permit OREAF
delayed until August, bullish
Orea Provides Update on Appeal Status of Montagne d'Or Gold Deposit Mining Titles
Vancouver, BC, Canada, May 10, 2022, Orea Mining Corp. (“Orea”) (OREA: TSX) (OREAF: OTCQX) (3CG: FSE) reports that it was informed that the Supreme Court of France (Conseil d’Etat) has admitted the final appeal of the French Government on the renewal of the Montagne d’Or project mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc (the “JV”).
As announced on October 7, 2021, the French Government filed a request before the Supreme Court to hear a final appeal on the renewal of the Montagne d’Or project mining titles, which are renewable for a term of up to 25 years. Two French courts previously ruled in favor of the JV and ordered the renewal of the mining titles.
Additional updates will be provided by Orea when available.
About Montagne d’Or
Montagne d’Or is a permitting-stage open pit gold deposit that hosts Measured Mineral Resources of 10.3 Mt at 1.804 g/t gold (600,000 oz), Indicated Mineral Resources of 74.8 Mt at 1.350 g/t gold (3.25 Moz) and additional Inferred Mineral Resources of 20.2 Mt at 1.48 g/t gold (960,000 oz), prepared in accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). The Mineral Resources are confined within a pit shell defined by a gold price of US$1,300/oz and a cut-off grade of 0.4 g/t gold. Mineral Reserves have also been defined with Proven Mineral Reserves of 8.25 Mt at 1.99 g/t gold (530,000 oz) and Probable Mineral Reserves of 45.87 Mt at 1.50 g/t gold (2.2 Moz). The Proven and Probable Mineral Reserves were estimated using a gold price of US$1,200 per ounce at varied cut-off grades from 0.552 to 0.665 g/t gold, dependent on lithological rock types, economics and estimated metallurgical recovery. Montagne d’Or ore can be readily processed to recover the contained gold and silver values using unit operations considered standard to the industry. For more information, see Orea’s news release titled “Columbus Gold Announces Positive Bankable Feasibility Study for Montagne d’Or Gold Project, French Guiana” dated March 20, 2017 and filed on SEDAR and the technical report prepared in accordance with the requirements of NI 43-101 titled “NI 43-101 Technical Report, Bankable Feasibility Study - Montagne d’Or Project, French Guiana” by SRK Consulting for Columbus Gold (now Orea Mining) and Nordgold with an Effective Date of March 6, 2017, and a report date of April 28, 2017, which was filed on SEDAR on April 28, 2017.
Qualified Person
Rock Lefrançois, President & Chief Executive Officer of Orea and Qualified Person under National Instrument 43-101, has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed.
About Orea Mining Corp.
Orea is a leading gold exploration and development company operating in a prospective and underexplored segment of the Guiana Shield, South America. Its mission is to develop gold deposits with a reduced environmental footprint using innovative technologies, upholding the highest international standards for responsible mining. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project and is also advancing the Maripa gold exploration project. In Suriname, Orea is advancing the Antino gold exploration project through its option agreement to acquire up to a 75% interest.
For more about Orea visit the company’s website at www.oreamining.com
ON BEHALF OF THE BOARD:
Rock Lefrançois
President & CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1 888-818-1364
ir@oreamining.com
what is wrong with this sh..tty miner, why is such a bad performance while gold/silver rallying?
anybody knows why?
Maybe not…great!
MC-ERSKY
@MCErsky
·
Apr 24
$OREAF French election is over. Orea Mining now expects court decision on 5Million Oz of gold to happen at any time. Currently at very LT support. Great time to load. Small float. Owns 45% of mine. Already won the court case, just waiting on final appeal to be rejected or not.
OREAF watching twitter, only way I'll know out come
Swing4TheFence
@Swing4The
$OREAF Remember this stock hit close to $1.40 when they discovered the mine several years back, now that they know how much gold is underneath(5mil ounces) $2 seems pretty reasonable. Give us our court victory!!!
1:16 PM · Apr 26, 2022·
Orea Mining
@OreaMining
·
19m
The Antino Project is Orea’s latest venture in the Guiana Shield. Orea aims to begin drilling on select resource definition targets in 2022.
Learn more about the Antino Project in the April 2022 presentation ?? http://bitly.ws/pYmG
$OREA $OREA.TO $OREAF
Orea Signs Formal Option Agreement for Antino Gold Project
in Suriname and Commences Exploration
Vancouver, BC, Canada, March 17, 2022, Orea Mining Corp. (“Orea”) (OREA: TSX) (OREAF: OTCQX) (3CG: FSE) is pleased to announce that it has entered into a Formal Option Agreement (“FOA”) to acquire up to a 75% interest in the Antino Gold Project (“Antino”), located in Suriname, South America.
As announced on July 6, 2021, a Binding Term Sheet (“BTS”) was signed to acquire up to a 75% interest in an advanced-stage gold exploration project located in a significant alluvial and small-scale open pit gold mining district in Suriname;
The FOA has been fully executed;
An airborne LiDAR (Light Detection and Ranging) survey covering 110 square kilometers has provided high-resolution topographic data and orthophotos for project development; and
Geological mapping and core relogging of the main open pit mining areas is underway.
Rock Lefrançois, President & CEO of Orea, commented “We are very excited to ramp up our field work and commence exploration at Antino, starting with a low-cost geological model for the planning of the first phase of drilling on priority resource definition targets.”
About Antino
Antino is an advanced stage gold exploration project located in mining friendly Suriname, South America, 275 kilometers southeast of the capital Paramaribo. The project consists of Rights to Exploitation of Gold (Suriname mining titles) covering 200 square kilometers. Under Suriname mining regulations, the mining titles allow for exploration and mining without any additional permits. The project is located in a significant area of alluvial and small-scale open pit gold mining at the intersection of major gold deformation zones known as CGSZ and NSSZ. Past exploration conducted by Canadian junior exploration companies during 1993-97 and 2006-07, including over 30,000 meters of drilling, has provided an excellent database and identified several targets for immediate resource development. A large portion of the project remains underexplored. Accommodations, communications, equipment, machinery, security and personnel have been established at Antino by the optionor, facilitating logistics for exploration.
Antino project location map is available at the following link:
www.oreamining.com/i/nr/2022-03-17-map-antino-location.pdf
Earn-in Terms
Orea to acquire up to a 75% interest and become operator of Antino through three option stages as follows:
First Option Stage for 51% Interest
Orea to acquire an initial 51% interest in Antino within three years of the Commencement Date (defined below) by:
Making cash payments totaling US$1,650,000, of which only US$350,000 is payable within the first year;
Issuing common shares of Orea totaling 3,400,000;
Incurring a minimum of US$6,000,000 in exploration expenditures; and
Completing a NI 43-101 Technical Report containing a minimum of 500,000 oz of gold in any category.
Second Option Stage for an Additional 19% Interest for a Total of 70%
Orea to acquire an additional 19% interest in Antino, for a total of 70%, within two years of completion of the First Option Stage by:
Making cash payments totaling US$1,500,000;
Issuing common shares of Orea totaling 200,000;
Incurring a minimum of US$10,000,000 in exploration expenditures; and
Completing a positive preliminary economic assessment (PEA).
In the event that Orea does not proceed with the completion of the Second Option Stage, Orea will transfer its interest in Antino back to the optionor.
Third Option Stage for an Additional 5% for a Total of 75%
Orea to acquire an additional 5% interest in Antino, for a total of 75%, within three years of completion of the Second Option Stage by:
Incurring a minimum of US$10,000,000 in exploration expenditures; and
Completing a bankable feasibility study (BFS).
The Commencement Date starts when certain conditions have been met, including receiving regulatory approvals required to consummate the transaction, such as stock exchange approval and approvals required by any Government Agency under applicable law.
Upon successful earn-in of Antino, Orea and the Optionor will form a joint venture with the objective of accelerating Antino into commercial production.
Qualified Person
Rock Lefrançois, President & Chief Executive Officer of Orea and Qualified Person under National Instrument 43-101, has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed.
About Orea Mining Corp.
Orea is a leading gold exploration and development company operating in a prospective and underexplored segment of the Guiana Shield, South America. Its mission is to develop gold deposits with a reduced environmental footprint using innovative technologies, upholding the highest international standards for responsible mining. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project and is also advancing the Maripa gold exploration project. In Suriname, Orea is advancing the Antino gold exploration project through its option agreement to acquire up to a 75% interest.
For more about Orea visit the company’s website at www.oreamining.com
ON BEHALF OF THE BOARD:
Rock Lefrançois
President & CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1 888-818-1364
ir@oreamining.com
50-50 at best
Hmmm. So what are our chances? 50-50? Let's hope we get a final ruling soon!
Well thats clear as mud. Next week may be real bad for us.
shareholder vote: Optional:
Vote all proposals in accordance with voting recommendations
To set the number of Directors at four (4).
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To set the number of Directors at four (4).
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Vote Directors Individually
showing combined election of directors, radio button options
Election of Director: Marie-Hélène Bérard
Election of Director: Oleg Pelevin
Election of Director: Peter Gianulis
Election of Director: Robert Giustra
Vote Recommendation: For
Election of Director: Marie-Hélène Bérard
Election of Director: Oleg Pelevin
Election of Director: Peter Gianulis
Election of Director: Robert Giustra
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Appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Accountants ("DMCL") as Auditors of the Company for the ensuing year and authorizing the Directors to fix their remuneration.
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Appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Accountants ("DMCL") as Auditors of the Company for the ensuing year and authorizing the Directors to fix their remuneration.
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To consider any permitted amendment to or variation of any matter identified in this Notice and to transact such other business as may properly come before the Meeting or any adjournment thereof. Management is not currently aware of any other matters that could come before the Meeting.
Vote Recommendation:For
4
To consider any permitted amendment to or variation of any matter identified in this Notice and to transact such other business as may properly come before the Meeting or any adjournment thereof. Management is not currently aware of any other matters that could come before the Meeting.
Vote Recommendation:
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OREAF golden soon
That’s exactly what I said, they’re using diamond impregnated drill bits to drill gold core samples.
ok u have no clue, its gold not diamonds
The wording can be misinterpreted, they’re using diamond drill bits not drilling FOR diamonds.
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