Orecap owns ~36 million tonnes of tailings from the historic Kerr-Addison Mine, one of Canada's highest-grade gold producers, with 11 million ounces of past production. The Province of Ontario's updated mining regulations unlock opportunities for sustainable reprocessing of residual metals in tailings. Orecap plans to collaborate with experts to assess metallurgical potential and develop a low-risk processing plan. The [...]
Highlights: Orecap's Portfolio company Cuprum acquired by XXIX Metal Corp. in an all-share deal. Orecap's now owns 15.1% if XXIX ecomes one of Eastern Canada's largest copper developer. Orecap Invest is pleased to announce that its portfolio company, XXIX Metal, has acquired of the issued and outstanding common shares of Cuprum, establishing XXIX as one of Canada's largest copper resource developers, with two [...]
Orecap Invest Corp. is pleased to announce that it has entered into a binding term sheet for an investment in Metal Energy Corp. , a junior mineral exploration company which recently acquired the Highland Valley Project, located adjacent to Teck Resources' Highland Valley Copper mine in British Columbia . Details on Metal Energy and its Recently Acquired Highland Valley Project Orecap will be the lead order in Metal [...]
Highlights: 14.7 g/t gold over 59 metres, or 868-gram-metres gold, from 96m downhole, including 22.4 g/t Au over 21m Results confirm a very high-grade gold zone with strong continuity, identifying a 200-metre long corridor. Awale now has three of the highest-grade intercepts in West Africa over the last 12 months. Orecap owns 7.38M shares of Awale, representing 8.5% of the shares issued and outstanding, and an additional [...]
Highlights: South32 to invest $29M into American Eagle Gold for 19.9%, at a price of $0.875 per common share, reflecting a 15% premium American Eagle now has two cornerstone strategic investors, Teck and South32. American Eagle has ~$37M in cash. Orecap owns 11.7 million shares of American Eagle Gold. Orecap Invest Corp. is pleased to announce that its portfolio company, American Eagle Gold , in which Orecap owns 11.7 [...]
Highlights: Orecap's Portfolio company Cuprum to be acquired by QC Copper in an all-share deal. Orecap's ownership in QC Copper to increase from 2.9% to 15.2% post-acquisition. The acquisition strengthens QC Copper's position as a major Canadian copper developer with two large, easily accessible multi-billion-pound copper projects. Cuprum's Thierry Copper Project, a 7,907-hectare past producer, offers significant growth [...]
Orecap Portfolio Companies Recent Highlights Awale Resources announced another high-grade drill intercept showing 20 g/t gold over 29m from 149m, including 39.5 g/t gold over 8m at its Odienne project. American Eagle announced three long, high grade intercepts from surface at its NAK project. Mistango River Resources announced a 28-hole, 3-phase drill program on its Omega Project. QC Copper & Gold, in conjunction with the [...]
Highlights of the five drill holes that expand the K1 Open Pit Zone: 114 metres of 1.1% CuEq, within 171 metres of 0.98% CuEq 231 metres of 0.74% CuEq, including 126 metres of 0.83% CuEq 79 metres of 0.81% CuEq and 23.5 metres of 0.60% CuEq 25 metres of 0.74% CuEq and 31 metres of 0.55% CuEq and 28 metres of 0.5% CuEq and 56 metres of 0.56% CuEq, and 34 metres of 0.57% CuEq, in a single hole starting near surface 24 [...]
Highlights: Curprum owns 100% of the Thierry Copper Project, the largest copper resource in Ontario Cuprum recently raised $1.2M at 12 cents and 15 cents for flow-through Orecap owns 29.5 million shares of Cuprum, valuing its investment at $3.54 million Assays for Thierry's CCM-23-53, -54, -55, 56 and -57 have been commissioned An updated NI 43-101 report for Cuprum's Thierry has been completed Thierry's project [...]
Orecap Invest Corp. is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to conduct a Normal Course Issuer Bid to purchase for cancellation, during the 12-month period starting April 2, 2024, up to 23,316,772 of the outstanding common shares of the Corporation , representing 10% of the Public Float . The program will end on April 1, 2025 unless the [...]
HIGHLIGHTS 26 g/t gold over 57m, 1487 gram meters gold from 164m downhole Including 45.7 g/t gold over 32m Mineralization is consistently high grade throughout the reported interval One of the highest-grade gold intersections in Africa in decades A follow-up drill program is scheduled to begin in April, with 25,000 meters planned for 2024 Orecap owns 8.3M shares and 4.2M warrants of Awale Orecap Invest Corp. is delighted [...]
Highlights: Orecap maintains 100% interest in the Knight, McGarry and Mirado Properties in and around Kirkland Lake, Ontario. Agnico spent $2.5 million on the Properties but did not meet the threshold to earn any interest. Orecap is looking forward to regaining control of these strategic and well-placed assets and will be evaluating opportunities to develop the Properties. Orecap Invest Corp. announces that [...]
