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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 30, 2021 11:52am
107 Views
Post# 33294080

RE:RE:RE:RE:Interview with Stephen Stewart

RE:RE:RE:RE:Interview with Stephen Stewart"they would need it if they built a mill nearby for the pe\roperties"
I suppose that depends on how much ore they find near McGarry (Mirado, McGarry, Barber-Larder and most likely Omega), the volume of tailings that will produce and what the holding capacity of the tailings facility is. It might also depend on whether or not KL wants to take over Golden Candle as they may have a trump card there. Having said that Golden Candle's "ore" is said to be about one gram per ton and six million ozs., so to mine, there would be about 180 million tons of tailings - rather a lot although perhaps some could be disposed of in other ways such as back into mined out portions of the pit. I estimate the Kerr Addison tailings to be about 33 million tons and as previously said there is some talk of putting that back through a mill. Barber Lake right across the road from the McGarry tailings facility may be a possibiity. The last time I was there it looked already like it was pretty heavily contaminated - likely a brownfield of sorts.
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