D’Or Orbec/Orbec Gold Mines
Primary ticker: TSXV:BLUE, OTCQB:BLTMF
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Muus Project
Project location: Canada – Chibougamau, Quebec
Website: https://orbec.ca/
Orbec is a gold company that owns 100% of a large and highly prospective mineral claim position near Chibougamau, Québec. The Muus Project covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt. Muus is prospective for gold mineralisation and is adjacent to and on strike with IAMGOLD’s +5-million-ounce Nelligan Gold Project. Orbec has announced that exploration of the Muus Gold Project will advance in technical collaboration with IAMGOLD, which owns approximately 8.3% of the Company. Field work completed during 2022 established that the northern portion of the Muus Gold Project is also prospective for copper-gold volcanogenic massive sulphide mineralisation, as well as confirming that it is prospective for high-grade gold mineralisation similar to IAMGOLD’s nearby Monster Lake gold deposit.
Major shareholder:
Chad Williams 20%
Red Cloud Mining 27%
IAMGOLD CORP 8%
Financials
Management Profile
John Tait – Mr. Tait has been involved in mining exploration for over 25 years, highlighted by his tenure as President of Southern Star Resources Inc. (which became Gold Eagle Mines Limited that was sold to Goldcorp Inc. in 2008 for roughly C$1.5 billion). Mr. Tait has also been an Officer and Director of several exploration companies throughout his career.
What is your rationale for taking part in 121 Mining Investment?
All of the above
What recent news would you like to highlight to investors attending?
Orbec Gold Mines Announces Promising Geophysical Results and June Drilling at Muus Property
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Start drilling at Lac Bernard
6 Months:
Examine results from the drill
12 Months:
Continue drilling
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The junior mining sector often faces significant challenges, including securing investment and getting proper recognition for its critical role in the broader economy. The industry plays such a pivotal role in providing the raw materials that power many other sectors, from technology to energy, and even infrastructure. However, despite its importance, it doesn’t always receive the attention or financial backing it deserves.
What do you think makes your company such a compelling investment?
The Muus Property’s proximity to many discoveries and mines, such as IAMGold’s Nelligan Discovery which boasts over 8 million ounces of Gold. Orbec’s Muus property is on strike and very close to the Nelligan Discovery.
What are the top 3 key investor takeaways?
Drilling to begin end of May; Orbec’s geological team has maximized our potential for a successful drill program through a full sequence exploration program that is about to move to drill phase; Our Capital Struture is very well owned by Management, our neighbour, IAMGold and friends. Upwards of 65% in tight hands which allows for a good liquid market.