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Orea Mng Corp (OREAF) provides investors with essential updates on gold exploration projects and strategic mining partnerships through this comprehensive news hub. Access verified press releases and financial disclosures detailing the company's progress in mineral resource development across international jurisdictions.
This centralized resource delivers timely information about joint venture formations, project acquisitions, and operational milestones. Users will find updates on subsidiary activities, technical assessments of mining properties, and corporate strategy implementations without promotional bias.
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Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) has announced progress in the acquisition of a gold project in Suriname, South America, aiming for a 75% interest in this advanced-stage exploration project. The company is near completion of its due diligence and plans to execute a Formal Option Agreement to commence exploration activities. The project encompasses 200 square kilometers of gold mining rights in an underexplored area of the Guiana Shield. The immediate goal is to define gold resources by drilling in areas previously mined.
Orea Mining Corp. (TSX: OREA, OTCQX: OREAF) updates on the Montagne d'Or Gold Deposit concessions in French Guiana, 44.99% owned by Orea. The Court of Appeal of Bordeaux has upheld the renewal of the Mining Titles, rejecting the French Government's appeal. As of September 27, 2021, no final appeal has been lodged by the government. Montagne d'Or holds Proven Reserves of 530,000 oz gold and Probable Reserves of 2.2 Moz gold. The renewal process includes regulatory approvals necessary for mine construction. Further updates will follow.
Orea Mining Corp. has announced an optimised project design for the Montagne d'Or Gold Project in French Guiana, leading to significant environmental improvements. The new design features a 32% reduction in surface footprint and an 80% decrease in total equivalent CO2 emissions, mainly due to the adoption of an on-site hybrid power plant utilizing 80% solar energy. Enhanced tailings storage safety and road modifications further support project viability. This initiative demonstrates Orea's commitment to responsible mining practices and aims to address public concerns raised during previous consultations.
Orea Mining Corp. has announced a significant legal victory regarding the Montagne d'Or gold project, with France's Administrative Court of Appeal rejecting the government's appeal against the renewal of mining concessions. The ruling affirmed the joint venture's compliance with all requirements, paving the way for a €10,000 daily penalty against the government for delays. Orea holds a 44.99% stake in the project, which boasts substantial mineral resources. The Supreme Court may still receive an appeal, yet it would not reconsider the facts.
Orea Mining Corp. provides an update on the renewal of the Montagne d'Or mining concessions. On February 11, 2021, the French Government appealed against a prior court ruling that mandated the renewal of these concessions. A stay of execution has been requested to suspend the previous ruling temporarily. The Administrative Court of Appeal in Bordeaux is expected to rule on this matter around July 16, 2021. Orea, holding 44.99% of the joint venture with Nord Gold SE, remains confident in the renewal process for the Montagne d'Or concessions, a significant mining project in French Guiana.
Orea Mining Corp. (OREA: TSX, OREAF: OTCQX) announced the signing of a Binding Term Sheet to acquire up to a 75% interest in a gold exploration project in Suriname, South America. The project, located in a significant alluvial gold mining district, covers 200 square kilometers with a strong exploration database and active small-scale mining for three decades. Orea aims to quickly advance the project through a structured earn-in process involving cash payments totaling US$1.65 million initially and significant exploration investments totaling US$27 million across three stages.
Orea Mining Corp. (OTCQX: OREAF) announced the election of four directors during its 2021 Annual General and Special Meeting of Shareholders held on March 26, 2021. Robert Giustra, Peter Gianulis, Marie-Hélène Bérard, and Oleg Pelevin were elected, with the majority of votes in favor. The proposal for the number of directors received 98.75% approval. Other resolutions, including the appointment of auditors and the Restricted Share Unit Plan, were also approved by significant majorities. Orea focuses on gold exploration in the Guiana Shield region of South America.
Orea Mining Corp. has announced the termination of a letter of intent to acquire a gold project in Colombia, initially reported on January 7, 2021. This decision follows thorough due diligence, including a site visit, and there will be no break fee for the termination. Orea remains focused on identifying quality gold project opportunities for its portfolio. The company operates within the Guiana Shield in South America and is advancing the Montagne d'Or mine development project and the Maripa gold exploration project.
Orea Mining Corp. (TSX: OREA; OTCQX: OREAF) announced that the French Government has filed an appeal regarding the renewal of the Montagne d'Or mining concessions, initially ruled in favor by a French court on December 24, 2020. The appeal, submitted on January 25, 2021, states that the project does not align with the government's environmental goals. Orea, which holds a 44.99% stake in the joint venture, plans to vigorously defend its rights in this appeal and remains confident in the project's compliance with environmental standards.
Orea Mining Corp. has started drilling operations at the Maripa gold project in French Guiana. The initial program includes 2,530 meters of core drilling across 17 holes, targeting the promising Filon Dron and subsidiary shear zones. Past exploration indicated significant gold intersections, with grades up to 7.17 g/t. The area is accessible via paved roads, enhancing logistics. The Maripa project spans 120 square kilometers and aims to build on previous findings to further define its gold potential.
