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Orea Mining Corp OREAF

Metals & Mining Gold
Orea Mining Corp. is a Canada-based gold exploration and development company. The Company’s principal business activities are the acquisition, exploration and development of resource properties. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project. The Montagne d’Or project is situated in western French Guiana and is comprised of over two mining concessions and over two exclusive exploration permits, covering an area of around 93.5 square kilometers (km2) and is accessible in all season forest road from the town of Saint-Laurent-du-Maroni, for approximately 120 kilometers (kms). It also owns 70% interest in Maripa, which is situated in French Guiana, France. The Antino project is engaged in gold exploration, which is situated in mining friendly Suriname, South America, approximately 275 kms southeast of the capital Paramaribo. The project consists of Rights to Exploitation of Gold (Suriname mining titles) covering across 200 km2.


GREY:OREAF - Post by User

Orea Mining Corp > 5 million ounces
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Comment by 123buyholdhopeon Dec 06, 2022 7:34am
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Post# 35152716

RE:5 million ounces

RE:5 million ouncesJust my guess but it is possible that some of that growth has already occurred. The Russians went to court in 2020 with an US$8 billion plus valuation for this project. To achieve that value they had to have, IMHO, already have converted those infill drill results (adding to and moving resources to P&P plus gold price increase, etc) they have been keeping under raps, post the original BFS. We should know more about this with the OREA reevaluation of Montagne d'Or.

Further, the one factor that would really captapult this stock is, as we agree, just an inkling from Macron that France does see a light at the end of the tunnel for this 'modified' smaller gold project; maybe with France as a partner and overseer to its development.

GLTA -  https://twitter.com/EarthsRare
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