Orea Mining Corp. is very pleased to announce the decision from a French court ordering the renewal of the Montagne d'Or mining concessions within six months. Montagne d'Or, located in French Guiana, France, is a permitting-stage open pit gold mining project that hosts Proven Mineral Reserves of 8.25 Mt at 1.99 g/t and Probable Mineral Reserves of 45.87 Mt at 1.50 g/t *. The Montagne d'Or joint-venture submitted renewal [...]
Orea Mining Corp. is pleased to announce the completion of additional engineering and environmental studies for the development of the Montagne d'Or gold mine in French Guiana, France. "This is a major milestone for permitting of Montagne d'Or, one of the top undeveloped gold deposits in the Guiana Shield" commented Rock Lefrançois, President & CEO of Orea. The Montagne d'Or joint-venture launched additional engineering [...]
Orea Mining Corp. is very pleased to report on a positive opinion by a reporting judge announcing that the French government's deemed non-renewal of the Montagne d'Or mining concession is not valid. A final ruling is expected by the Administrative Court of Cayenne, French Guiana, on December 24, 2020. "Although the announcement is preliminary, court decisions generally tend to follow the opinion of the reporting judge [...]
Orea Mining Corp. is pleased to provide an update on the drilling program at the Maripa gold project located in French Guiana, France. The core drilling program investigating the promising Filon Dron and subsidiary gold mineralized shear zones is underway; Drill pad and access track building for the Phase 1 program was completed; 600 meters of drilling in 4 drill holes have been completed to date; All drill holes [...]
Orea Mining Corp. is pleased to announce the commencement of drilling operations at the Maripa gold project located in French Guiana, France. A first drill program by Orea at Maripa has commenced to investigate the promising Filon Dron and subsidiary gold mineralized shear zones; A work declaration for 5,000 meters of core drilling was approved by the State services and an initial program of 2,530 meters in 17 holes was [...]
Orea Mining Corp. is pleased to provide an update on the status of its Montagne d'Or gold mine development project, located in French Guiana, France. Highlights The Montagne d'Or joint venture aims to complete final studies and mining and environmental permit applications before the end of the year. A government decision on the mining concessions renewal applications is pending as well as a decision in the Administrative [...]
Orea Mining Corp. announces that Laurent Mathiot has resigned as a director effective September 24, 2020. The Board of Orea would like to thank Mr. Mathiot for his commitment and for his contributions. About Orea Mining Orea Mining 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 [...]
Orea Mining Corp. is pleased to provide an update on the 2020 exploration program at the Maripa gold project located in French Guiana. The discovery of 5 new quartz vein systems by prospecting in 2019 and early 2020 has highlighted the potential for high-grade gold ores; The 2020 exploration program is advancing as planned despite certain restrictions being maintained in French Guiana related to the Covid-19 pandemic [...]
Orea Mining Corp. is pleased to announce that it has raised CAD$2,965,000. The funds were raised in a combination of private placement of Orea units and the sale of common shares of a third-party publicly traded company held in Orea's investment portfolio. On February 13, 2020, Orea announced a non-brokered private placement for gross proceeds of CAD$2.5 million, of which a first tranche totaling CAD$1.39 million was [...]
Columbus Gold Corp. announces that it has changed its name to Orea Mining Corp. , and trading symbol to OREA: TSX effective Friday June 5th, 2020. The name change to OREA is a natural progression as the Company expands its operational scope with an emphasis on sustainable and responsible mining while driving value for investors. Rock Lefrançois, President & CEO of Columbus commented: "The new name emphasises the Company's [...]
Columbus Gold Corp. is pleased to provide a corporate update. Despite the current situation stemming from the COVID-19 pandemic, Columbus has been able to adjust and keep moving forward with its objectives for 2020. Field work in French Guiana was suspended on March 17th and resumed on May 11th. At the Montagne d'Or Gold Project, the bulk of the engineering studies for committed project improvements and modifications for [...]
?Columbus Gold Corp. ?is pleased to announce that it has closed the first tranche of its previously announced private placement , raising gross proceeds of CAD$1,390,000 through the issuance of 8,687,500 units at a price of CAD$0.16 per unit. Each unit is comprised of one common share of Columbus , and a half warrant. Each full warrant entitles the holder, on exercise, to purchase one Share at a price of CAD$0.24, for a [...]