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Orecap Invest Corp V.OCI

Alternate Symbol(s):  ORFDF

Orecap Invest Corp. is a Canada-based company. The Company’s focus is on special situation investments in the natural resources sector, precious and critical metal assets and businesses. The Company has equity positions in portfolio companies, such as American Eagle Gold, QC Copper and Gold, Mistango, Awale Resources and Cuprum Corp., in addition to owning a broad portfolio of land packages focused on gold, copper and zinc. The Company’s portfolio includes American Eagle Gold, QC Copper and Gold, Mistango River Resources, Awale Resources, and Cuprum Corp. Its American Eagle Gold is focused on advancing its NAK property located in the Babine Copper-Gold Porphyry district in central British Columbia. QC Copper is focused on acquiring and developing copper projects in the Chibougamau region. The Company owns several gold projects: the Mirado project near Kirkland Lake, the Knight project in the Shining Tree District and the McGarry Project near Virginiatown, Ontario.


TSXV:OCI - Post by User

Comment by jfan22on Apr 06, 2021 12:25pm
118 Views
Post# 32942009

RE:RE:todays AGM vid

RE:RE:todays AGM vidStephen alluded to having a "very specific lab issue" different from the delays everyone's facing due to COVID. Others have said it might be equipment problems but I think it's more likely the lab messed up QA/QC and Stephen can't say that (liability, protecting working relationships etc.). Improper or potentially improper QA/QC at the lab would stop results from being released since they wouldn't be compliant with disclosure requirements. It would also require them to send duplicates, blanks, standards etc to a new lab. Stephen has said a new lab is being used to someone on this board already.

I don't buy the theory the lab wasn't properly equipped to do the assays. A professional lab should know whether their equipment could handle the samples before they got sent there, especially since some Knight drillhole results have already been assayed + released. It seems more likely that the lab hired new staff to deal with increased workloads and a human error was made.

Pure speculation on my part, but it could explain the excessive delays without it being a systematic issue or anything within ORX's control... 
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