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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 Mar 26, 2023 11:29am
187 Views
Post# 35361197

RE:Patience

RE:PatienceWhile we are all being patient here's some interesting reading. 

An article for those with a focus on FG gold mining. What FG gold mining? Take a read – yes, FG has a gold mining ‘industry’ going on. The country is suffering from major illegal mining with up to 10 tonnes being removed per year. Who knows the amount of pollution from various chemical usage, including mercury. Not too much NGO environmental outcry on this. The country is being overrun by illegal miners and not even the French Foreign Legion can bring it under control.

Might allowing limited and ‘controlled’ legal mining help decrease both illegal gold royalties and lost employment taxes, etc., from flowing out of FG?

Then again, we also have todays’ green new deal mine narrative to add to Montagne d’Or's story.

The next two catalyst’s (ignoring possible left field events) are the exploration renewal decision from the SC and the mine BFS reevaluation from OREA. 

GLTA - https://twitter.com/EarthsRare
 
Guyana: a gendarme killed in an operation to fight against gold panning

https://www.la-croix.com/France/Guyane-gendarme-tue-operation-lutte-contre-lorpaillage-2023-03-25-1201260676

According to figures from a parliamentary report published in July 2021, the Gendarmerie of Guyana estimates the number of illegal minors at around 8,600, mainly "in an irregular situation on the territory" . Some 500 illegal gold panning sites are still active, according to the Mining Activity Observatory (OAM), including 150 located in the heart of the Amazon National Park, created in 2007 to protect the Amazon rainforest and its biodiversity.

Guyana is covered "95% by dense forest, part of the Amazon rainforest, which makes operations to maintain order and eradicate the scourge of illegal gold panning complex", lamented the report .
 
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