VANCOUVER, BC, June 4, 2020 /PRNewswire/ - Columbus Gold Corp. ("Columbus" or the "Company") (CGT: TSX) (CGTFF: OTCQX) announces that it has changed its name to Orea Mining Corp. ("OREA"), and trading symbol to OREA: TSX effective Friday June 5th, 2020.
The name change to OREA is a natural progression as the Company expands its operational scope with an emphasis on sustainable and responsible mining while driving value for investors.
Rock Lefrançois, President & CEO of Columbus commented: "The new name emphasises the Company's commitment to its growth strategy and corporate objective of evolving from an explorer to also a producer in South America, targeting projects that can be developed with a reduced environmental footprint and upholding the highest international standards for responsible mining."
The Company continues to progress on its plans and objectives for 2020 (refer to news releases dated February 25, 2020 and May 12, 2020). Ground geophysical surveying at the Maripa Gold Project is anticipated to be completed in early July in preparation for the diamond drilling program to commence in the third quarter.
At the Montagne d'Or Gold Project, engineering studies for committed project improvements and modifications for mine permitting are scheduled to be completed by mid-year.
The priority for 2020 remains the acquisition of an additional advanced-stage gold project in South America to materialize the objective of growing into a gold producer while putting forward our responsible mining approach. Select acquisition targets have been identified and are under negotiation.
About Orea Mining
Orea Mining is a leading gold exploration and development company operating in a prospective and underexplored segment of the Guiana Shield, South America. Its mission is to develop gold deposits with a reduced environmental footprint using innovative technologies, upholding the highest international standards for responsible mining. In French Guiana, Orea Mining holds a major interest in the world-class Montagne d'Or mine development project. It is also advancing the Maripa gold exploration project where past drilling had returned excellent near surface results, including 36 meters of 4.3 g/t gold.
For more about Orea Mining visit our new website at www.oreamining.com
ON BEHALF OF THE BOARD:
Rock Lefrancois
President & CEO
The name change to OREA is a natural progression as the Company expands its operational scope with an emphasis on sustainable and responsible mining while driving value for investors.
Rock Lefrançois, President & CEO of Columbus commented: "The new name emphasises the Company's commitment to its growth strategy and corporate objective of evolving from an explorer to also a producer in South America, targeting projects that can be developed with a reduced environmental footprint and upholding the highest international standards for responsible mining."
The Company continues to progress on its plans and objectives for 2020 (refer to news releases dated February 25, 2020 and May 12, 2020). Ground geophysical surveying at the Maripa Gold Project is anticipated to be completed in early July in preparation for the diamond drilling program to commence in the third quarter.
At the Montagne d'Or Gold Project, engineering studies for committed project improvements and modifications for mine permitting are scheduled to be completed by mid-year.
The priority for 2020 remains the acquisition of an additional advanced-stage gold project in South America to materialize the objective of growing into a gold producer while putting forward our responsible mining approach. Select acquisition targets have been identified and are under negotiation.
About Orea Mining
Orea Mining is a leading gold exploration and development company operating in a prospective and underexplored segment of the Guiana Shield, South America. Its mission is to develop gold deposits with a reduced environmental footprint using innovative technologies, upholding the highest international standards for responsible mining. In French Guiana, Orea Mining holds a major interest in the world-class Montagne d'Or mine development project. It is also advancing the Maripa gold exploration project where past drilling had returned excellent near surface results, including 36 meters of 4.3 g/t gold.
For more about Orea Mining visit our new website at www.oreamining.com
ON BEHALF OF THE BOARD:
Rock Lefrancois
President & CEO
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