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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

Post by Jumpeninon Oct 24, 2020 9:37am
182 Views
Post# 31776300

Exploration in Spain

Exploration in SpainArticle on Orovalle's Exploration of new areas in Spain
Jumpenin

https://www.elcomercio.es/asturias/occidente/firma-orovalle-buscara-oro-plata-cobre-20201024001451-ntvo.html


The Orovalle firm will search for gold, silver and copper in Tineo, Allande and Cangas del Narcea

The Principality authorizes the research permit, which foresees analyzing the existing potential in 288 mining grids between the three councils

The Orovalle firm will search for gold, silver and copper in Tineo, Allande and Cangas del Narcea
BELN G. HIDALGOTINEO / ALLANDE.
8

The interest in continuing to explore the mining potential in the region is still present. At least in the southwestern area. So much so that the Orovalle mining firm , which currently exploits the resources of the Boins mine , located in Belmonte de Miranda , has managed to carry out the research project requested from the regional government to explore the presence of gold, silver and copper. in Tineo, Allande and Cangas del Narcea. The Mining Promotion, Development and Safety Service of the Principality of Asturias has given the green light to the research permit called 'Chugarn', which will be developed in 288 mining grids of extension.

As EL COMERCIO has learned, the work provided for in this research permit will be for initial recognition. This means carrying out geological mapping, geochemistry of rocks and soils "that would not generate any impact in the study area." Upon completion of these studies, the company will have the necessary information to determine whether the presence of gold, silver and copper could lead to a mining project in the area.

Allegations

This research permit is granted after having completed the required administrative procedures. On March 18, 2015, the application was definitively admitted, after which the public information period and the processing of allegations began, which were rejected.

In this sense, the Coordinadora Ecologista de Asturias did not hesitate to present its allegations to the project. The group indicates that it is "the largest area in recent years authorized for a mining project" and reiterates the environmental damage caused by this type of mining. "The Government allows new investigations without worrying about mortgaging those areas during the years of investigation for any other activity in the area and, at least, it will be three years," adds the spokesman for the group, Fructuoso Pontigo.

Other permissions

Orovalle's interest in expanding the study of the potential of gold, silver and copper mining in Asturias is not new. In June 2015, the Canadian company had been granted three research permits (Campalcarro, Quintana and Lidia).

At the end of October 2019, the Official Gazette of the Principality of Asturias (BOPA) added in one month the publication of the definitive admission of three research permits in the region. They encompassed a total of 515 mining grids; that is, an area of more than 140 square kilometers.

The Orovalle firm employs half a thousand direct workers and more than a hundred indirect workers in its western operations.

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