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Orecap Updates on Its Portfolio Companies Awale, American Eagle, XXIX and Others
Highlights Awale continues to deliver high-grade results from its Odienne project, including 1...
About this update from Orecap Invest Corp
[{"type":"text","content":"Orecap Updates on Its Portfolio Companies Awale, American Eagle, XXIX and OthersHighlightsAwale continues to deliver high-grade results from its Odienne project, including 16.4 g/t gold over 52 metres at Charger.Awale welcomed Fortuna Mining with a +$8 million strategic investment. American Eagle announced another investment by South32 and commenced its 30,000 metre drill program at NAK.XXIX announced an updated resource estimate at Opemiska: 1,438 Mlbs CuEq indicated (62,706 kt @ 1.04% CuEq) + 709 Mlbs CuEq inferred (78,485 kt @ 0.41% CuEq), pit constrained.Mistango increased its Omega property area by 60% by acquiring the McVittie property.Orecap's acquisition of 19.9% of Kintavar Exploration Inc. is expected to close in the near term.Significant activity in Kirland Lake District with High Profile appointments in the region. Toronto, Ontario--(Newsfile Corp. - July 2, 2025) - Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) (the \"Company\" or \"Orecap\") is pleased to provide an update on its portfolio companies.Awale Resources Update:Awale Resources welcomed a $8.26M strategic investment from Fortuna Mining Ltd. (TSX: FVI) (\"Fortuna\") on May 29, 2025. Fortuna owns 15% of the issued and outstanding common shares of Awalé on an undiluted basis. Awale continued to intersect mineralization at its flagship Odienné Project, including:16.4 g/t gold over 52 metres, including 70.3 g/t gold over 11 metres, extending the Charger Target at depth (see June 25, 2025 news release).1.6 g/t gold equivalent over 45 metres at the BBM Zone (see April 8, 2025 news release).12 g/t gold over 26 metres at the Charger Target (see April 17, 2025 news release).5.2 g.t gold over 15 metres at the Empire Target (see May 12, 2025 news release).Awale also extended its Fremen target footprint by 5km, confirming new gold mineralization on its 100%-owned ground (see June 16, 2025 news release). Orecap owns 7,389,833 shares and 4,166,666 warrants of Awale. American Eagle Update:American Eagle Gold received an additional C$820K from its partner, South32 Limited (\"South32\"), maintaining its 19.9% equity interest (see June 5, 2025, news release). American Eagle Gold also commenced its 30,000-metre drill program at its NAK project (see May 22, 2025 news release). Orecap owns 10,718,748 shares of American Eagle Gold.XXIX Metal Update:XXIX announced an u...