Orea Mining is a leading gold exploration and development company operating in French Guiana, France with a portfolio of high-quality projects in a prospective and underexplored segment of the Guiana Shield in South America. Its mission is to develop gold deposits following the highest international standards for responsible mining.
Orea’s principal asset is a major interest in the Montagne d’Or Gold Deposit, which hosts NI-43-101 Proven and Probable Reserves of 2.75 million oz gold (54.11 million tonnes @ 1.58 g/t gold). The Feasibility Study completed in 2017 contemplates an open pit operation with average annual gold production of 237,000 oz over the first 10 years of mine life at an average grade of 1.73 g/t that results in an average AISC of US$749 per ounce. There is considerable potential to increase mine Reserves by infill and expansion drilling. Permitting is underway.
Concurrently, Orea is consolidating a portfolio of high-quality gold exploration projects. A 5,000 metre core drilling program is planned on the Maripa Gold Project in 2020.
MONTAGNE D’OR HISTORY
2011: Project Acquired from French Gold Company
2013: Option Agreement with Nordgold Signed
2015: Completion of Preliminary Economic Assessment (PEA)
2017: Completion of Bankable Feasibility Study (BFS)
2017: Joint Venture Agreement with Nordgold Signed
2017: Joint Venture Decides on Mine Construction
2018: Execution of Public Consultation as Part of the Permitting Procedures
2019: Commencement of Project Improvements Following the Public Consultation