Orea Mining Corp OREAF

Maripa drilling this month, results by March or earlier

[phoenix_trader]

December 8, 2021

Vancouver, BC, Canada, December 8, 2021, Orea Mining Corp. (“Orea”) (OREA: TSX) (OREAF: OTCQX) (3CG: FSE) is pleased to announce that it has commenced preparation for a diamond drilling program at the Maripa Gold Project (“Maripa”), located in eastern French Guiana, France. Orea has an option to acquire up to a 70% interest in Maripa.

• 10,000 meters of diamond drilling have been approved by the State services;

• Preparation has commenced for a diamond drilling program in 2022;

• 1,000 meters of drilling is planned for next January as an initial probe of the promising Changement gold zone (“Changement”), located at the north end of Maripa;

• Access road and drill pad construction is underway; and

• The drilling area is readily accessed from a paved national highway traversing Maripa

[123buyholdhope]

  Thanks for posting PT, now maybe you could answer some questions on this specfic issue. 1.  Why do you believe this to be an important announcement by OREA? 2.  Where does it mention the amount to spent on this proposed drilling campaign? 3.   What do the words used in the release mean in terms of concrete actions by OREA here – ‘approved’, ‘preparation’ ‘planned

[phoenix_trader]

27 million shares traded this holiday week, taking the price from .09 to.16. OREA obviously thinks Maripa warrants a few drilling dollars and has the cash to pay for the program while we wait on Montagne d'Or which is driven by Nordgold. Iamgold holds 30% of Maripa. I keep looking at all the gold mines in West African countries with a significant French influence. Makes sense for a few in

[123buyholdhope]

PT thanks for the response. My answers are meant purely for thought challenging only. I respect those who think both long and short term (though obviously I am biased)   27 million shares traded this holiday week, taking the price from .09 to.16. Good old momentum and herd mentality; again, nothing wrong with this from a trading perspective. OREA obviously thinks Maripa warrants a few

[phoenix_trader]

With your negative bias I find it hard to believe you are a long term holder.  Your thoughts echo those who short OREA which position nearly tripled from Dec 15 to 31st. A bet gone awry at this moment. The drill bit at Maripa and Marcon's appeal to the Supreme Court will determine the winners in this mining spec space. I like the odds of a win in both arenas, the short bet has turned to

[phoenix_trader]

Just to clarify, a year ago this was said: "If you are buying today you could be looking at a 10 bagger by 2021-22. Or much higher if OREA holds and looks to enjoy any share runup as the mine is built in a positive gold environment. There again you could be looking at zero if the FG permit is refused and gold miners in FG exit at a high rate of knots. Note - I hold a large number of

[123buyholdhope]

If this was a quotation from me (apologies if not) I would say it was somewhat prescient. A year ago, OREA shareholders looked forward to Montagne d’Or mine reports and apps' submission with the potential catalysts re., mine permission, revisited BFS, including missing in fill results, etc., buildout disclosures and the direct impact on the OREA sp (in a raised gold price environment), which

[phoenix_trader]

It's simply amazing how the negative slant appears when huge volume and a move from .09 to .16 is real. Yes, the quote is from your post: December 26, 2020 - 09:23 AM 130 Reads Post# 32183545  

[123buyholdhope]

"With your negative bias I find it hard to believe you are a long-term holder.  Your thoughts echo those who short OREA which position nearly tripled from Dec 15 to 31st. A bet gone awry at this moment."   Well, all I can say is that I have been a holder since about 2015. I have bought and sold small amounts of shares while building a larger position (CGT to OREA) over time

[OneInTen]

You read like a fake long.  You present assumptions as matters of fact, and every view is negative and pessimistic. You are the ONLY person who ignores the enormous victory and tries to spin it negative.  Can see right through  that and I'm sure most others do as well. Throw as many negative outcomes out there as you can with no merit, and hope one sticks. Honestly you should

[123buyholdhope]

You read like a fake long.  You present assumptions as matters of fact, and every view is negative and pessimistic. Hello 1in10 welcome to the discussion. Again, all I can say is that I have been long for years but try to present the issues as I see them. All are welcome to disagree. Yes, I am not too optimistic based on the last several months of news (I have already explained why I hold

[OneInTen]

Couldn't agree more

[OneInTen]

I 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. 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.  

[123buyholdhope]

I 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