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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

Bullboard Posts
Comment by ganndolphon Sep 24, 2018 10:03pm
65 Views
Post# 28682479

RE:RE:RE:RE:RE:A few pts

RE:RE:RE:RE:RE:A few pts2fast4Ul,
On Las Tojas exploration, the word that they put out is that they were going to spend $2.1 million USD on exploration at Don Mario.  I see $714,000 USD spent in Q1, $1,116,000 USD spent in Q2, and then in fiscal Q3 $1,444,000 USD was spent.  So in total that adds up to $$3.2 million USD.

So exactly how much gold did they find at Las Tojas? And would there be any reason to keep that information under wraps? Or perhaps they haven't got all their drilling results back from the assay labs? In any event, it doesn't surprise me that they are late in their Las Tojas drilling data.

They did a good job in updating the presentation for El Valle and Don Mario, and it is clear from that presentation that they intend to grow the operations at El Valle in Spain and at Don Mario in Bolivia potentially adding 3rd local gold ore sources at each location.

In addition, they are looking to acquire a third operation which is a producing mine in a different country than their current operations.  And I find it particularly interesting that they are keeping their high grade drill results at El Valle out of their Denver Gold Show presentation.  No need to attract too much unwanted attention!


Bullboard Posts