Orea Mining Corp. is pleased to announce an optimised project design with a remarkable reduction in the environmental impact of the Montagne d'Or Gold Project, located in French Guiana, France. In response to the public debate held in 2018, the Montagne d'Or joint venture has selected a new project design based on Best Available Techniques resulting in a 32% reduction in surface footprint and an 80% reduction in estimated [...]
Orea Mining Corp. is very pleased to announce that the Administrative Court of Appeal of Bordeaux has rejected the French Government's appeal and request for a stay of execution of the court rulings of December 24, 2020, which ordered the renewal of the Montagne d'Or gold project mining concessions, owned 44.99% by Orea and 55.01% by operator Nord Gold plc . In its ruling, the Court of Appeal concluded that the arguments [...]
Orea Mining Corp. on February 11, 2021, Orea reported that the French Government filed an appeal with the Administrative Court of Appeal of Bordeaux, to set aside the French Court of Cayenne rulings of December 24, 2020, which ordered the renewal, within six months, of the Montagne d'Or mining concessions . In addition, the French government also filed a request for a stay of execution to temporarily suspend the execution [...]
Orea Mining Corp. is pleased to announce the signing of a Binding Term Sheet to acquire up to a 75% interest in an advanced-stage gold exploration project in Suriname, South America. Project Highlights: Located in a significant alluvial gold mining district in Suriname; Large land package consisting of contiguous Rights to Exploitation of Gold covering 200 square kilometers within an underexplored segment of the Guiana [...]
Orea Mining Corp. is pleased to announce that Robert Giustra, Peter Gianulis, Marie-Hélène Bérard and Oleg Pelevin were elected as directors of Orea at the 2021 Annual General and Special Meeting of Shareholders held on March 26, 2021 . Shareholders also approved all the other proposed resolutions as described in the information circular of the Meeting. Detailed voting results for the Meeting are as follows: Motion Votes [...]
Orea Mining Corp. announces that it has terminated a letter of intent to acquire a gold project in Colombia. The decision to terminate was made after the completion of a detailed due diligence evaluation, which included a site visit. There is no break fee associated with the termination. Orea continues to evaluate opportunities and remains committed to adding quality gold projects to its portfolio. About Orea Mining Corp [...]
OCIM Finance today announced that it has filed an early warning report in connection with the disposition of common shares in the capital of Orea Mining Corp. Between February 9, 2021 and March 2, 2021, OCIM disposed of an aggregate of 4,496,500 Shares through the facilities of the Toronto Stock Exchange at an average price of C$0.123 per Share for a total consideration of C$553,003 . Prior to the Transaction, OCIM held [...]
Orea Mining Corp. reports that the French Government issued a press release on February 3, 2021 announcing that it had filed an appeal with the Administrative Court of Appeal in Bordeaux on January 25, 2021 from the French Court ruling on December 24, 2020, which had ordered the renewal of the Montagne d'Or mining concessions. The press release also reaffirms the Government's view that the Montagne d'Or project, as it has [...]
Orea Mining Corp. is pleased to report on the 2020 drilling program at the Maripa gold project located in French Guiana. 8 diamond drill holes were completed to date on the Maripa exploration permit; 6 of the 8 drill holes served to test the depth and lateral extent of 3 gold mineralized shear-hosted vein systems traced at surface; 4 drill holes intersected wide shear zones marked by quartz veining, strong hydrothermal [...]
Orea Mining Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on January 14, 2021. The Private Placement was oversubscribed, raising gross proceeds of CAD$1,400,000 through the issuance of 8,235,294 units at a price of CAD$0.17 per unit. Each unit is comprised of one common share of Orea, and a half warrant. Each full warrant entitles the holder, on exercise, to [...]
Orea Mining Corp. is pleased to announce a non-brokered private placement for gross proceeds of up to CAD$1 million. The Private Placement is for 5,882,353 units at a price of CAD$0.17 per unit. Each unit is comprised of one common share of Orea, and a half warrant. Each full warrant entitles the holder, on exercise, to purchase one Share at a price of CAD$0.30, for a period of 18 months from the closing date of the [...]
Orea Mining Corp. is very pleased to announce the signing of a Binding Letter of Intent to acquire gold projects with an existing ore processing facility, including significant plant and equipment, in Colombia, South America. The BLOI was signed with the sellers on December 21st to acquire a 100% interest in 13 mining concessions in 3 separate blocks located in the Department of Bolivar, northern Colombia, South America [...]
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