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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.


TSX:ORV - Post by User

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Post by mtsuiton Jan 23, 2010 4:05pm
661 Views
Post# 16711796

Spanish article

Spanish article

Gold fever returns to Asturias

Thecompany receives the first Canadian Orvana machinery equipment and goldmining to resume in Belmonte and Chambers by underground mining

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Primero de los equipos de perforación que acaba de incorporar Orvana Minerals Inc., en su explotación de Belmonte, junto a algunos trabajadores de la mina.
First of drilling equipment that has just added Orvana Minerals Inc., in the establishment of Belmonte, along with some miners.
Oviedo, Javier QUARTERS
The Canadian mining company Orvana Minerals Inc., the owner sincethe late summer of the goldfields Asturian Belmonte de Miranda andSalas, has already begun to deploy the machinery that will deepen theholdings of El Valle and Carles Boinás with the order to resumeproduction of gold in two mines that were shut down in 2006 by itsfirst owner.

The operation has now reached the first jumbo (drill) to beused at the opening of galleries and subsequently incorporated into thework of exploitation of mineral cameras.

In a few days will join new machines to begin building thegalleries before the end of this month. The Canadian company foreseesthe arrival of over thirty teams, including jumbos, bolts, loaders,trucks and other machinery service and maintenance, all suitable fordomestic mining.

Meanwhile, the American mining company has now completed someinfrastructure work, such as the concreting of the main ramp (over 1500meters), removal of fixed equipment and services that hindered theconstruction of the future well, review of electrical installationsSeveral internal and detailed engineering studies for future worksoutside workshops, dressing rooms and warehouses, located near the welland the entrance to the main gallery.

The purpose of Orvana, Kinbauri sole shareholder, holder ofthe gold mines of Asturias, is to reach the ore in October and beginprocessing in early 2011.

Orvana Minerals Inc., listed on the Toronto Stock Exchange,won the gold holdings of Belmonte and Salas after launching a takeoverbid that allowed him to control 100% of Kinbauri Gold Corporation,which acquired ownership of two mining concessions Asturian to RioNarcea Gold Mines in 2007. Kinbauri launched a wide campaign polls, butfailed to resume the gold mining.

Orvana sent the Toronto Stock Exchange in November that thetwo deposits of Belmonte and Chambers' have potential to be one of thelargest gold producers in Europe. The expected output will consist ofcopper-gold concentrates and 'bullion (gold bars with some copper).Orvana estimated that there are few resources at El Valle-Carlés Boinásand 1.27 million ounces of gold (39.41 tonnes) and 76 million pounds ofcopper (34,473 tonnes).

The holding will embark Orvana ground, unlike Rio Narcea GoldMines, which extracted 34 tonnes of gold between 1997 and 2006, butalmost entirely by surface mining.

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