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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

Comment by ganndolph1on Mar 18, 2021 9:49pm
154 Views
Post# 32835397

RE:RE:It helps to read the footnotes in the technical reports

RE:RE:It helps to read the footnotes in the technical reportsNostradamusII,
 What I am saying is that if you do a mass balance of the 2016 copper resource, Orvana reported a copper resource of 9284 in situ metric tons. In fiscal 2017, Don Mario processed 6349 metric tons, leaving a balance of 2935 metric tons.  Don Mario processed 5179 metric tons of copper in 2018, so where did the 2244 extra metric tons of copper come from?

IMHO, the answer is the oxide stockpile where oxide ore was being blended in to the flotation process in 2017 and 2018, and so that explains the 5 percent drop in the mass of the oxide stockpile.  The mass balance between the 2016 gold resource and ounces produced results in a surplus of 3311 ounces of gold or roughly 2 percent more gold than they reported in the 2016 Annual Information Report.  Where did the extra gold production come from?   The likely answer is the oxide stockpile.

There is no mystery or men in black trucking ore out the back door at night!

ganndolph
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