news- orv keeps moving forwardOrvana Minerals Corp.: Concentrate Contract Signed for El Valle-Boinas/Carles Mine in Northern Spain
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TORONTO, ONTARIO--(Marketwire - March 8, 2011) - Orvana Minerals Corp. (TSX:ORV) ("Orvana" or "the Company"), is pleased to announce that it has concluded a contract for the sale of the gold/copper concentrates to be produced at its El Valle-Boinas/Carles Mine ("EVBC") in northern Spain.
The Company received a number of responses to requests for proposals and selected MRI Trading AG ("MRI") of Zug, Switzerland. As required by the terms of our Credit Agreement, Credit Suisse approved Orvana's choice of off-take provider.
Roland Horst, CEO of Orvana, said: "We are satisfied with the terms of the contract and look forward to working with MRI in the marketing of EVBC's concentrates".
Orvana is available at the PDAC (booth #2738) to provide more details on the Company's three main projects: the EVBC gold/copper project in Spain, the Don Mario Mine Upper Mineralized Zone project in Bolivia and the Copperwood copper project in Michigan, USA. Orvana will also be presenting at the Investors' Exchange at 10:40am on Wednesday, March 9th.