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Orecap Invest Corp V.OCI

Alternate Symbol(s):  ORFDF

Orecap Invest Corp. is engaged in exploration, development and production of exploration and evaluation assets in Canada. Its projects include Mirado Project, McGarry Project, Knight Project, Grizzly Project and GSL Zinc Project. The Mirado gold project is located over 35 kilometers (km) southeast of the gold mining town of Kirkland Lake in northeastern Ontario. The focus of the Mirado Gold Project consists of 12 contiguous patented claims. The McGarry property is in Virginiatown, Ontario, within the Abitibi Greenstone Belt. The McGarry project encompasses 681 hectares and is comprised of 46 patented mining claims and five mining licenses. The Knight Project is located along highway 560 in the Knight and Tyrell townships of Ontario, approximately 80 km east of Gogama and over 100 km southwest of Kirkland Lake. The GSL Zinc Project is a 60,000-hectare property in Northwest Alberta. The Company also holds controlling interest in a Thierry Copper Mine located in Pickle Lake, Ontario.


TSXV:OCI - Post by User

Comment by Zoolooon May 21, 2021 10:16am
121 Views
Post# 33247324

RE:RE:RE:RE:another spin out

RE:RE:RE:RE:another spin out Merging ORX and MIS. I doubt it. During the battle for MIS their press releases (IMO) seemed to indicate that after MIS was taken over then ORX and MIS would be merged and I thought very highly of that as ORX would then be a company with over a million ounces of gold - considered by some to be a critical mass - over 400,000 ounces (inferred) at Mirado and over 600,000 ounces at Omega. I thought the share price of a combined ORX and MIS woud soar. But magement decided these should be two separate companies neither one with a criticl mass. That makes no sense to me to this day but I see no change coming. Perhaps you could more fully give your reasoning on this. Anyway after the merger with KL its kind of like closing the barn door after the horse is already out.
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