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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

Post by Zoolooon Jun 06, 2021 8:21am
250 Views
Post# 33337139

Miscellaneous

MiscellaneousI guess this is in the odds and sods column. When I was very young I remember spending time at the beach in Virginiatown. It was actually quite a beautiful beach with a nice sandy bottom. Years later I went back and there was no beach. It had silted in with a substance that looked suspiciously like tailings. And to add insult to injury this formerly beautiful beach had become a dump for various forms of waste. I wondered about this for years. How did this disaster come about? A couple of days ago I was reading the 43-101 for Golden Candle. In this 43-101 they mention that Chesterville Mines (beside Kerr Addison and now part of Golden Candle's property) dumped their tailings into the northeast arm of Larder Lake for many years and this was uncontained in any way. So at least part of the mystery is solved. The other part was how this could be approved or even if approval was needed back in the old days. I assume that no tailings could be placed in Larder Lake today even if contained as it is, being a very large lake, still mostly uncontaminated.  And I wonder if there might someday be some remediation that would return Virginiatown's beach to its former beauty.

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