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Orea Mining Corp OREAF

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

Comment by GreatValueOnlyon Feb 02, 2023 11:50am
197 Views
Post# 35262408

RE:OREA Board Moves - ?

RE:OREA Board Moves - ?Interesting, I interpreted the NR much more positively. Perhaps I'm over optimistic or reading between the lines too much.

I read it as French Gov/Legal expert Bedard no longer needed as they're extremely confident the Supreme Court will rule in their favour shortly and the concession issues will be behind them.

So they bring back geologist LeFrancois to focus on advancing the technical aspects of the project (perhaps making the changes necessary to the mine plan from an environmental perspective to advance permitting) and to be a technical liason to potential acquirers. 

IMHO a very positive signal.
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