GREY:OREAF - Post by User
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123buyholdhopeon Mar 17, 2022 10:41am
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OREA Release
OREA Release Orea Signs Formal Option Agreement for Antino Gold Project in Suriname and Commences Exploration https://www.prnewswire.com/news-releases/orea-signs-formal-option-agreement-for-antino-gold-project-in-suriname-and-commences-exploration-301504844.html NEWS PROVIDED BY
Orea Mining Corp. Mar 17, 2022, 07:30 ET
VANCOUVER, BC, March 17, 2022 /PRNewswire/ -
Orea Mining Corp. ("Orea") (TSX: OREA) (OTCQX:
OREAF) (FSE: 3CG) 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 Lefranois, 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." GLTA - https://twitter.com/EarthsRare