von Anna Dalaire die bei Oriental Minerals bez. des Investor Relations zuständig ist:
Hello ________,
Our Investor packages are currently in production. As soon as I have some available I will send one out to you.
1) I can’t predict the share movements for Oriental Minerals, since many variables must be considered that are largely out of my control. With that said, Oriental Minerals is very optimistic about the newly acquired World-Class portfolio in South Korea. Our senior technical team sees great value in these properties.
2) I don’t have a production schedule as of yet. But here is the follow programs for each property
· SangDong
Currently working on the preparation of a technical report compliant to National Instrument 43‐101.
The Company evaluation strategy at Sangdong, as follows:
Ø Review the deeper high‐grade molybdenum deposit.
Ø Determine potential for early cash flow from the former operating mine ore stockpiles.
Ø Consider remaining ore blocks in the tungsten mine workings.
Ø Consider potential for open pit mining on existing tungsten‐molybdenum resources.
Ø Examine the significant exploration potential along strike.
· Chongyang
Ø Oriental will initiate an evaluation of the bulk tonnage open pit potential of this deposit by drill testing.
· Mukug
Ø The Company proposes to evaluate the potential at Muguk to establish a high grade gold‐silver mine or a bulk tonnage low to medium grade gold‐silver mine exploitable by open pit.
Ø If established, a central milling complex at Muguk could potentially exploit additional high grade resources identified in the surrounding region.
FUTURE KOREAN EXPLORATION STRATEGY
A comprehensive exploration program is being initiated in Korea involving:
Ø Continued acquisition of additional identified molybdenum‐tungsten, gold‐silver and copper‐lead‐zinc properties of high merit.
Ø Application for mining rights has commenced over large areas highly prospective for base metal skarns.
Ø Helicopter‐borne magnetometer geophysical survey over the base metal skarn properties.
Ø Mapping, sampling and delineation of drill targets on the acquired properties.
Ø Drill testing of acquired properties.
Ø Pre‐feasibility studies on the Sangdong molybdenum deposit.
3) South Korea is an independent Country with good ties to the US and is a key trading partner with Canada and Australia. South Korea is the world’s 10th-largest economy and welcomes foreign investment. Foreign ownership allowances recently increased from 49% to 100%. The Country has well established workable Mining Laws, a locally-available trained mining workforce and excellent infrastructure (roads, railways, etc).
4) I don’t know when the next release will be – I can keep you posted.
5) I apologies about the 2nd Quarter Financials – they have been updated and the file now opens on the website.
I hope this information was helpful. Can you please provide me with your mailing address so I can send you our Investor Package?
Feel free to contact me if you have any further questions.
Thank you,
Have a great day.
Anna Dalaire
Oriental Minerals
Investor Relations
Gruss
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