The Maripa Gold Project in French Guiana has commenced the Drill Program in Orea
Orea Mining Corp. ("Orea") (TSX: OREA) (FSE: 3CG) has announced the commencement of a diamond drilling project at the Maripa Gold Project, located in eastern French Guiana, France.
The State services on Maripa have approved ten thousand (10,000) meters of diamond drilling. Fourteen (14) drill holes, for 2,140 meters, are planned as an initial investigation by Orea of the promising Changement gold zone ("Changement"), with 1,000 meters of drilling to be completed this January and February. The initial program consisted of 5 drill hole fences at 200- to 250-meter north-south spacing, which will be tested on site for an anticipated start date of January 15th.
The Maripa and Changement maps are available at the following links.
Orea Project Locations:
Geology for Maripa Project:
Changement Planned Drill Hole Locations:
Changement in the Gold Zone
The Changement area was subject to placer gold mining from 1859 to 1950, with all creeks in the area being used as a tool to enhance the deposits' strength and growth.
A survey from Orea showed numerous abandoned mine shafts and adits discovered by illegal artisans in 2019. 115.70, 83.48, 68.43, 42.60, 29.57, 15.51, 14.70, 9.42, 6.05, 16.16, 14.50, 9.75, 9.30, 7.30, and 6.83 g/t gold, according to the findings.
Maripa is a bad topic for people who have a bad relationship.
Orea has agreed to acquire up to a 70% share in Maripa in July 2018. The project is comprised of five contiguous exploration permits covering an area of 120 square kilometers, namely the Changement, Maripa, Orapu, Crique Veoux (pending) and Maripa Sud-Est (pending).
Mineralization was limited to shallow depths within the oxidized saprolite layer, with all 5 potential for expansion and mineral resource delineation.
In the northern portion of Maripa, Orea was considering a merger of 5 new quartz-gold vein systems with high gold potential.
In October and November 2020, Orea completed 8 diamond drill holes for 1,168 meters, which tested 4 separate targets identified in the Maripa central region (see news release date January 27, 2021). Six (6) of the 8 drill holes served to test the depth and lateral extent of three gold mineralized shear-hosted vein systems traced at surface in and around the Filon Dron gold zone.
Rock Lefrancois, a president & CEO of Orea and a Qualified Person under National Instrument 43-101, has reviewed this news release and is responsible for the technical information contained herein, including the verification of the disclosures.
About Orea Mining Corp.
Orea is a leading gold exploration and development business located in the Guiana Shield, South America. Its mission is to develop gold deposits with a reduced environmental footprint while simultaneously developing innovative technologies to promote responsible mining.
For more information on Orea, visit the company's website at the company's website.
IN THE BEHALF OF THE BOARD:
Rock LefrancoisPresident & CEO
Statements orienting toward future
Certain statements made herein, including statements relating to issues that are not historical facts or facts of the Company's expectations of future events or outcomes, are typically identified by words such as "anticipate", "could", "seek", "may", "intend", "likely", "budget", "might", "will," and other topics related to the Montagne d'Or project, including the Company's ability to renew the concessions and to comply with the requirements thereof; the Company's ability
These statements are based on several factors such as current and future business activities, current economic conditions and future developments, among others. The Company's management believes the statements are accurate due to their experience and understanding of the Company's current financial practices and its ability to provide additional funding to its investors, the price of gold and other metals. The Company's ability to retain key employees is therefore cautioned not to place unreasonable reliance on forward-looking statements.
Certain important factors that may result in actual results, performance or achievements to differ materially from those described in the forward-looking statements are political and economic risks in France, political and economic risks in French Guiana, and possible negative outcomes thereof; regulatory risk including but not limited to unforeseen changes in regulatory requirements, the Company's ability to enforce its contractual and other legal rights to explore and use its properties, uninsured risks, market fluctuations, and credit risk.
The Company's actual results could be different materially from those predicted or projected and expressed in or implied in the forward-looking statements, according to the "Risk Factors" section in its annual information form dated December 15, 2021 ("AIF")
The company's forward-looking statements and information are provided as of the date of this document and the Company does not undertake any obligation to update or modify any of the forward-looking statements or information herein, except as required by applicable law.
SOURCE Orea Mining Corp.