ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ORN Orsa Ventures Corp.

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Orsa Ventures Corp. TSXV:ORN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Orsa Receives Regulatory Approval for Joint Venture Purchase Agreement With Americas Bullion Royalty Corp. at Quartz Mountain

21/03/2013 5:48pm

Marketwired Canada


Orsa Ventures Corp. ("Orsa" or the "Company") (TSX VENTURE:ORN) is pleased to
announce that it has received regulatory approval for, and fulfilled closing
requirements for the Joint Venture Purchase Agreement ("Agreement") with
Americas Bullion Royalty Corp. (TSX:AMB) and its US subsidiary to acquire their
50% joint venture interest (the "JV Interest") in the Angel's Camp Property
("Angel's Camp"). Angel's Camp claims are contiguous with the Quartz Mountain
claims in southern Oregon. (News release dated March 7, 2013) Orsa and its
wholly-owned US Subsidiary control the other 50% joint venture interest through
an Option Agreement with Seabridge Gold ("Seabridge") (TSX:SEA)(NYSE Amex:SA)
and its wholly-owned US subsidiary.


Angel's Camp is comprised of 158 unpatented LODE mining claims encompassing
approximately 3,000 acres adjacent to the Quartz Mountain Property which is 100%
controlled by Orsa through its agreement with Seabridge. The Quartz Mountain
Property is an epithermal hot spring system with a 2.85 million ounce Inferred
gold Resource (110,448,000 tonnes grading 0.80 grams per tonne gold) in two
rhyolite domes: Quartz Butte and Crone Hill. (News release dated February 15,
2012).


Angel's Camp contains several additional rhyolite domes which are the host to
the gold mineralization at the Quartz Mountain Property, further enhancing the
exploration potential. Orsa is planning an aggressive exploration program at
Angel's Camp in addition to its development work at Quartz Mountain.


About Orsa

Orsa Ventures Corp. is a junior company focused on the exploration for, and
development of, gold-silver-copper properties in the western United States. In
addition to the Quartz Mountain and Angel's Camp properties, Orsa announced the
discovery of significant sediment-hosted gold system at its Coal Canyon Property
in the Oreana Mining Trend, Nevada, where over 10 million ounces has been
discovered since 2009. The Company also has the right to earn a 51% interest
Ashby Property, a former gold producer and porphyry copper-gold target, located
in the Walker Lane Mining Trend, host to several large copper and gold deposits
in Nevada.


On behalf of the Board of Directors,

Linda Thorstad, President and Chief Executive Officer

Linda Thorstad, P. Geo., a Qualified Person as defined by National Instrument
43-101 and President and Chief Executive Officer of the Company, has read and
approved the technical information in this news release. 


FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur, and
include, without limitation, statements regarding the Company's plans with
respect to the closing of the Financing and the use of proceeds thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in such
forward-looking statements. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or results or otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Orsa Ventures Corp.
Linda Thorstad
President and Chief Executive Officer
604.608.6680
www.orsaventures.com

1 Year Orsa Ventures Corp. Chart

1 Year Orsa Ventures Corp. Chart

1 Month Orsa Ventures Corp. Chart

1 Month Orsa Ventures Corp. Chart

Your Recent History

Delayed Upgrade Clock