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Orvana Minerals Corp
Symbol ORV
Shares Issued 136,623,171
Close 2022-03-15 C$ 0.50
Recent Sedar Documents

Orvana files amended NI 43-101 report for Don Mario

2022-03-15 18:12 ET - News Release

An anonymous director reports

ORVANA ANNOUNCES FILING OF AMENDED TECHNICAL REPORT

Orvana Minerals Corp. has filed an amended technical report entitled "National Instrument 43-101 Technical Report for the Don Mario Property, Eastern Bolivia," and dated March 15, 2022. The amended technical report addresses comments raised by the Ontario Securities Commission in the course of its continuous disclosure review.

On Dec. 29, 2020, the company filed a technical report, effective Sept. 30, 2020, on the Don Mario oxide stockpile project, located on the Don Mario property. On Dec. 29, 2021, the company filed a technical report, effective Sept. 30, 2021, on the tailings reprocessing project, also located on the Don Mario property. Both projects on the Don Mario property were reported independently as the mineral resource base is not connected.

On Jan. 30, 2022, the company announced that OSC staff advised that under the definition of a technical report in National Instrument 43-101 (Standards of Disclosure for Mineral Projects), there can be only one current technical report in respect of a property. OSC staff also identified certain other deficiencies in the stockpile technical report and tailings technical report related to disclosure that is required under several items in Form 43-101F1. The amended technical report resolves these matters by, among other things, merging the disclosure contained in the stockpile technical report and the tailings technical report.

Mineral resource and reserve estimates as of Sept. 30, 2021, of the Don Mario property remain unchanged as previously disclosed in the annual information form for the year ended Sept. 30, 2021. The company, together with qualified persons, has addressed the comments from the OSC staff, and all sections are updated in the document filed on SEDAR. The amended technical report is available on SEDAR and on the company's website.

The amended technical report was prepared by Caracle Creek International Consulting Inc. (Ontario, Canada). The qualified persons, as defined under National Instrument 43-101, are Dr. Scott Jobin-Bevans (PhD, PMP, PGeo) and Michael Gross (MSc, PGeo). Dr. Jobin-Bevans and Mr. Gross have reviewed and approved the technical content of this news release.

About Orvana Minerals Corp.

Orvana is a multimine gold-copper-silver company. Orvana's assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, currently in care and maintenance, and the Taguas property located in Argentina.

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