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Orecap Invest Corp. reports developments as a natural resource special-situations investment issuer with exposure to precious and critical metal assets and businesses. Its updates center on portfolio investments, property transactions, capital-structure and governance matters, and corporate presentations tied to the mining sector.
Recurring company news also covers Orecap’s McGarry gold project in the Kirkland Lake-Larder Lake district of Ontario. McGarry is described as a brownfield gold asset with historic underground development, extensive drilling, a shaft to depth, and technical work under National Instrument 43-101. Company releases discuss ownership consolidation, project option and partner activity, geophysical targets, and positioning along the Larder Lake-Cadillac Deformation Zone near established gold systems.
Orecap Invest Corp. (TSXV: OCI, OTCQB: ORFDF) updates on Cuprum Corp.'s Thierry Copper Project, the largest copper resource in Ontario. Cuprum owns 100% of the project and recently raised $1.2M through financing rounds at 12 and 15 cents per share. Orecap holds 29.5 million shares in Cuprum, valuing its investment at $3.54 million.
Technical progress includes assays commissioned for five drill holes from the Summer 2023 program, with results for two holes already indicating significant copper mineralization. Cuprum has completed an updated NI 43-101 technical report and is validating historical data for future development.
The Thierry project boasts a 2021 NI 43-101 compliant resource and a 2022 PEA outlining a 14-year mine life, a $287M after-tax NPV, and a 25% IRR. Cuprum plans to further delineate resources, aiming for a bulk tonnage scenario. Cuprum has also applied for a grant that could match up to $200,000 of exploration costs.
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