Welcome!

@BigDataExpo Authors: Sujoy Sen, William Schmarzo, Akhil Sahai, Elizabeth White, Pat Romanski

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
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, 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 opportuni...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...