Orea is a leading gold exploration and development company operating in a prospective and underexplored segment of the Guiana Shield, South America.
#The oz principle download verification
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. 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 Maand 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.
Montagne d'Or ore can be readily processed to recover the contained gold and silver values using unit operations considered standard to the industry.
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. 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 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. 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").
If the mining titles are renewed, Montagne d'Or will be subject to various regulatory requirements prior to proceeding with the construction and operation of a mine, which include but are not limited to, the grant of mining and environmental authorizations and construction permits by the State.Īdditional updates will be provided by Orea when available. The second and final round of voting to select the next President of France is scheduled for April 24, 2022.įurthermore, the JV filed additional pleadings before the Court of Appeal in Bordeaux to issue an injunction ordering the French Government to pay a fine of 20,000 Euro (~US$23,000) per day to the JV, retroactive to the date of the initial court ruling of December 24, 2020. Orea and the JV believe that a decision by the Supreme Court could be expected sometime after the French Presidential election. In principle, an appeal before the Supreme Court has no suspensive effect, therefore the initial court rulings to renew the mining titles should, in theory, be upheld and implemented, even if a final appeal is allowed. The Supreme Court is to decide on whether to admit and hear the appeal. Two French courts previously ruled in favor of the JV and ordered the renewal of the mining titles.
#The oz principle download update
("Orea") (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) provides an update on the request for a final appeal filed by the French Government on the renewal of the 5-million-ounce Montagne d'Or Gold Deposit mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc (the " JV").Īs announced on October 7, 2021, the French Government filed a request before the Supreme Court of France ( Conseil d'Etat) 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. 17, 2022 /PRNewswire/ - Orea Mining Corp.