| Announcement Date: | 2022-02-22 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Orea Mining Corp. |
| Project name: | Maripa |
| Location: | French Guiana |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 24.3m @ 5.39g/t Au from 106.4m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, BC, Canada, February 22, 2022, Orea Mining Corp. (“Orea”) (OREA: TSX) (OREAF: OTCQX) (3CG: FSE) is pleased to report on the first results of the 2022 diamond drilling program at the Maripa Gold Project (“Maripa”), located in eastern French Guiana, France. As announced on February 15, 2022, Orea has entered into an agreement with a subsidiary of IAMGOLD Corporation (“IAMGOLD”) to purchase a 100% interest in Maripa. The Changement Gold Zone, located at the northern end of Maripa, is one of five partially drill-defined gold zones at Maripa. The Changement area was subject to placer gold mining from 1859 to 1950. All creeks peripheral to the deposit have been worked over time. Underground hard rock mining was recorded as early as 1880 and the deposit was exploited at surface by three shallow open pits from 1985 to 1996. Total declared historical placer and hard rock gold production is estimated to be approximately 100,000 ounces, with 42,000 ounces from hard rock. |
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