Orecap to Acquire Controlling Interest in Ontario's Largest Copper Resource, Thierry Copper Mine

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[{"type":"text","content":"Orecap to Acquire Controlling Interest in Ontario's Largest Copper Resource, Thierry Copper MineToronto, Ontario--(Newsfile Corp. - October 4, 2023) - Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) (the \"Company\" or \"Orecap\") is pleased to announce that it has entered into an agreement to acquire a controlling interest in a private company that owns 100% of Thierry Copper Mine (\"Thierry\"), located in Pickle Lake, Ontario. Thierry reflects Orecap's strategy of acquiring opportunities from special situations and incubating new high-potential brownfield projects with excellent infrastructure and jurisdictions.Thierry is Ontario's largest primary copper resource and includes a recent PEA covering only the underground portion of the known resources. It is Orecap's view is that Thierry's primary upside is the growth of its bulk tonnage potential. Recent drill holes from September 20, 2023 supports this thesis:CCM-23-51 intersecting 106 metres of 0.539% Copper Equivalent (\"CuEq\") mineralization (including 23.2 metres of 0.875 % CuEq mineralization) within continuous sulphide mineralization which started at surface and extended 247.8 metres down the hole, grading 0.438% CuEq.CCM-23-52 intersecting 31.2 metres of 0.677% CuEq mineralization and 22.8 metres of 0.670% CuEq mineralization within continuous sulphide mineralization which started at surface and continued for 243.9 metres down the hole, grading at 0.382% CuEq.*Copper Equivalent (CuEq) for drill intersections is calculated based on US$ 3.75/lb Cu, US$ 9.25/lb Ni, US$ 1,190/oz Pd and US$ 910/oz Pt with 100% metallurgical recoveries for all metals. Assays have not been capped. The formula used for the calculation is: CuEq = Cu % + (Ni grade X Ni Price)/(Cu Price) + ((Pd grade) X (Pd price / 31)) / (Cu price X 22) + ((Pt grade) X (Pt price/31)) / (Cu price X 22).Thierry is in the well-known and mature mining camp of Pickle Lake, Ontario, with access to rail, highways, power, and other infrastructure required to develop a mine. This is a unique opportunity to develop an asset of this scale with this level of infrastructure that's in a premier mining jurisdiction. Eastern Canada is starved of high-quality primary copper projects. With Orecap now controlling the second largest primary copper project in the region, the Ore Group collectively controls two of the five largest prim...

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