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Orea Mining Corp OREAF

Orea Mining Corp. is a Canada-based gold exploration and development company. The Company’s principal business activities are the acquisition, exploration and development of resource properties. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project. The Montagne d’Or project is situated in western French Guiana and is comprised of over two mining concessions and over two exclusive exploration permits, covering an area of around 93.5 square kilometers (km2) and is accessible in all season forest road from the town of Saint-Laurent-du-Maroni, for approximately 120 kilometers (kms). It also owns 70% interest in Maripa, which is situated in French Guiana, France. The Antino project is engaged in gold exploration, which is situated in mining friendly Suriname, South America, approximately 275 kms southeast of the capital Paramaribo. The project consists of Rights to Exploitation of Gold (Suriname mining titles) covering across 200 km2.


GREY:OREAF - Post by User

Comment by 123buyholdhopeon Jan 09, 2022 5:28am
82 Views
Post# 34297185

RE:RE:RE:Maripa drilling this month, results by March or earlier

RE:RE:RE:Maripa drilling this month, results by March or earlierI know you are very capable of reading.  But i'll point out a few answers to you.  State Services approved mining.  Clear as day, and really crushes your entire narrative.
 
No legal gold mining has been approved in FG as far as I am aware (maybe wrong, years ago?). The Auplata gold processing facility was I believe using mine tailings as feedstock. This was shut down recently by the court due apparently to the company’s failure to meet specific guidelines in their agreement. Interesting this happened at the same time the exploration permits were held in limbo via waiting the French Supreme Court decision and Montage d’Or ran smack bang into this roadblock.

Construction was already underway in December on a drill pad and access road.. Okay again, clear as day. Underway means it started... Drill pad means , yeah they really did get the green light.  

Based on years of speculative ‘investing’, IMHO, a company will put its best foot forward in a release. I would suggest that the road etc were already underway and there is nothing to indicate the cost to be put into said future drilling program. Hence my ‘spin’ about counteracting noise from OREA. As shareholders we might hope the company would try to paint such a picture in these problematic times as they are unable to say anything about the real 'issue'.

And to your #5, now the French did not turn down Montagne, we actually just won in court and another project also was approved in early december for another company in FG.

Again, I would respectfully suggest that this issue is now in the FSC hands. Remember these are the exploration site permits and not permission to build a mine. This permission prerogative is held in the French authorities hands.

The approval in Dec' you talk of - was this the 2 reunion permits that were approved? I agree that this if it happended it is confusing with the rest of what has occurred.

Fake long going to keep spinning it.
 
I find over the years I learn by discussion and looking specifically at arguments. Again, nobody should base their investment decisions on anything I say or I would humbly suggest that of others. DYODD.
 
GLTA - https://twitter.com/EarthsRare
     

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