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Toronto, January 30, 2022 /PRNewswire/- owana mining co. (Toronto Stock Exchange:ORV) (“Company” or “Orvana”) announced that, as a result of a review by Ontario Securities Commission staff (“OSC”), the company is issuing the following press release regarding our disclosure of the Don Mario property.
exist December 29, 2020the technical report submitted by the company is valid September 30, 2020about the Don Mario Oxide Inventory Project, located at Don Mario Properties (“Inventory Technical Report“). exist December 29, 2021the technical report submitted by the company is valid September 30, 2021the tailings reprocessing project, also located on the Don Mario property (“Tailings Technical Report”).
As the Mineral Resource Base is not linked, both Don Mario Property projects are reported independently. OSC staff recommends that there be only one current technical report on a property, as defined in NI 43-101 for a technical report. Whenever a new technical report is submitted, it will supersede a previously submitted technical report on the property and must include important scientific and technical information that is still current and relevant to the property. Therefore, the Inventory Technical Report and Tailings Technical Report do not comply with State Instrument 43-101 – Standard for Disclosure of Mineral Projects (“NI 43-101“) and Form 43-101F1 – Technical Report (“Form 43-101F1”).
Therefore, the company is preparing a new technical report (“Corrected technical report“) This will effectively consolidate the disclosures contained in the Inventory Technical Report and the Tailings Technical Report, as the two projects are located on the same property and information on both is required for the Technical Report to be current.
OSC staff also identified certain other deficiencies in the Inventory Technical Report and Tailings Technical Report related to missing disclosures required by several items on Form 43-101F1, each of which will be reported in the revised Technical Report. corrected in. Company has engaged an independent technical advisor to assist in the review and preparation of the revised technical report to comply with NI 43-101 and expects to submit the revised technical report on or before 45 days from the date of this agreement.
The company will issue a subsequent press release when the revised technical report is filed in the company’s SEDAR file.
About Owenna – Orvana is a multi-mining gold-copper-silver company. Orvana’s assets include the El Valle and Carlés gold-copper-silver mines producing in the north SpainDon Mario’s gold and silver possessions are in Boliviais currently under care and maintenance, and the Taguas property is located in Argentina. More information is available on Orvana’s website (www.orvana.com).
Cautionary Statement – Forward-Looking Information
Certain statements in this presentation constitute forward-looking statements or…
The full story is available on Benzinga.com
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