Welcome!

@BigDataExpo Authors: Elizabeth White, Liz McMillan, Bob Gourley, Pat Romanski, William Schmarzo

News Feed Item

Orsa Reviews 2012 Progress

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/09/13 -- Orsa Ventures Corp. (TSX VENTURE:ORN) ("Orsa" or the "Company") is pleased to announce significant progress for Company growth in 2012 and solid development plans for 2013. During the year, Orsa added additional expertise to its already accomplished management team, added a large gold resource to its Western United States portfolio, announced a new gold discovery in central Nevada and completed a significant financing supported by Haywood Securities, Canaccord Wealth Management and Pacific International Securities. With an experienced team of mine development professionals, Orsa added Mr. Bruno Barde, P.Geo., Mr. Micheal Attaway, P.E., and Mr. William Rohtert, as consultant to the team. Mr. Attaway has built six major mines in the Western United States.

QUARTZ MOUNTAIN

The Quartz Mountain Property located in southern Oregon is host to a large epithermal, gold bearing system located on the northern extension of the Basin and Range Geologic Province located largely in Nevada. The property contains a 2.85 million ounce Inferred gold Resource (110,448,000 tonnes grading 0.80 grams per tonne gold) with excellent exploration upside.

In 2012, the Orsa team conducted technical and legal diligence, exercising its option to acquire the Quartz Mountain property from Seabridge Gold and its US subsidiary, and releasing an updated NI 43-101 Technical Report on the property. In addition Orsa retained the law firm of Perkins Coie to complete a land title search and permitting opinion. A comprehensive overview of the permitting process and framework led to the conclusion that the potential for successful permitting of the project is high. Subsequent to this opinion, the Department of Oregon Geology and Mining (DOGAMI) has publicly released a detailed flow chart for the permitting of a "Chemical Process Mine".

Data Compilation - In the six months following the closing the private placement and completion of the option agreement, Orsa has added significant value to the project. With an estimated $55-60 million spent on historic exploration, Orsa has reviewed and completed extensive checks on the data base, reconfirmed the geologic model and regenerated sections to more accurately reflect mineralization. In the absence of a comprehensive data package, the team has compiled an extensive library of reports related to development of the project including but not limited to, three feasibility studies dated 1989, 1990 and 1991; plans of operations dating back to 1985 including a 1987 Plan of Operation for a Pilot Test Heap Leach Project; environmental opinions and reports including a comprehensive baseline study completed in 1989 as well as regional geochemical and geophysical survey data. In addition, drill core has been located from 2004 and 2009 drill programs.

Infrastructure - Orsa has built out the infrastructure to support ongoing development of the project with the opening of an office and core storage facility in Lakeview Oregon.

Metallurgy - A JDS Engineering consultant recently completed a review of metallurgical test work completed to date on the mineralization and will be making recommendations for future work.

Relogging and Re-assaying of Quincy holes - Up to 5,000 metres of core was drilled in 2004 and 2009 through the Crone Hill and Quartz Butte deposits exploring for deeper, high-grade feeder systems. The transport of that archived drill core from a Nevada storage facility to the new Lakeview facility was substantially completed in 2012.

Following the design of routine protocol and procedures including data verification, relogging and sampling was initiated in the third quarter at Orsa's new facility. QA/QC testing is done as samples are submitted and assayed. Sections to display results and interpretation are in progress. Preliminary results released in a news release dated October 30, 2012 intercepted gold mineralization as anticipated.

Proposed drilling at Crone Hill and Quartz Butte Domes - Drill hole locations have been sited in consultation with the US Forest Service representatives. A 1,500 metre drill program is planned for the spring of 2013. Geotechnical logging, geo-metallurgical and metallurgical samples will be taken and packer tests conducted. This will help in validating the historical data, and obtaining data for the Preliminary Economic Assessment.

Permitting - Enviroscientists of Reno were retained for preparation of the formal permit application for the drill program. Their work included background baseline environmental and cultural studies. The US Forest Service notice of decision was posted on October 17, 2012 for public comment and representatives are in the process of responding to comments arising.

Exploration upside - Orsa considers that there remains exploration upside at both the Crone Hill and Quartz Butte domes. It is also working to expand its strategic land position in the area in order to enhance the exploration for the project.

COAL CANYON UPDATE

The exploration discovery at the Coal Canyon Property near Lovelock, Nevada, is sediment hosted gold mineralization typical of the Oreana Mining Trend. Orsa completed reconnaissance mapping and two phases of trenching reported that a phase trenching on the property. In a news release dated May 1, 2012, Orsa reported positive results from the phase one program with a zone grading a weighted average of 0.015 ounces Au/ton over 142 feet (0.52 grams Au per tonne over 43.3 metres). Orsa added two additional sections under lease with New Nevada Land and New Nevada Resources bringing its expanded land position to 1,300 acres. On December 3, 2012 Orsa announced results of a phase two program with samples grading a weighted average of 0.023 ounces per ton over 152 feet (0.72 gpt over 46.3 metres). Several other altered zones were also exposed in the trenching program. Results have generated significant interest in the property.

ASHBY

The target at the Ashby Property is a porphyry copper-gold system in the prolific Walker Lane Zone in Nevada. Following the acquisition of 153 claims in 2011 at the Ashby Property, mapping, sampling along with a 10 line-kilometre Induced Polarization survey were completed in 2012. The four line survey outlined a large anomalous zone that substantiates the potential model for mineralization. Orsa has recently received approval from the Bureau of Land Management for a proposed trenching program in 2013.

Bruno Barde, P.Geo., manages Orsa's exploration and development programs at Quartz Mountain and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

About Orsa

Orsa Ventures Corp. is a junior development company focused on the exploration for, and development of, gold-silver-copper properties in the western United States. Orsa has a 2.85 million ounce Inferred gold Resource (110,448,000 tonnes grading 0.80 grams per tonne gold) on its Quartz Mountain Property, southern Oregon with excellent exploration upside. In addition, Orsa recently 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

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Orsa Ventures Corp.
Linda Thorstad
President and Chief Executive Officer
604.608.6680
604.558.0087 (FAX)
www.orsaventures.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@BigDataExpo Stories
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...