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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 29, 2021 9:54am
139 Views
Post# 33292278

RE:RE:Interview with Stephen Stewart

RE:RE:Interview with Stephen StewartYes, and in one of his recent interviews Stephen also talked about the existing tailings at McGarry going back through a mill. I would imagine that would be part of any deal with Golden Candle for the tailings facility. And yes Golden Candle is now in the process of going public. I would think they would need quite a bit of money to build a mill and they would likely need a tailings agreement with Orefinders before they could even proceed with building a mill, so things could unfold fairly rapidly. I would imagine they have already had some preliminary talks.I wonder if they would also take ore from Mirado, the McGarry mine and Barber-Larder all owned by ORX and maybe Omega too. I'm not sure where KL fits into this. So far they only own ten percent  of ORX, so a deal with Golden Candle at the present time should be accretive to ORX.  I'm a bit confused by this interview with Stephen. After the recent deal with KL I thought they were talking about using ORX's 7.5 million for "acquisitions" but now Stephen is talking about using it for drilling. It seems the focus has shifted to hitting something good enough that KL will consummate their option with ORX. Anyway the potential is there for any deal with Golden Candle to be a blockbuster.

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