|By Marketwired .||
|January 9, 2013 02:29 PM EST||
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.
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.
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.
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
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.
Orsa Ventures Corp.
President and Chief Executive Officer
SYS-CON Events announced today that Creative Business Solutions will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Creative Business Solutions is the top stocking authorized HP Renew Distributor in the U.S. Based out of Long Island, NY, Creative Business Solutions offers a one-stop shop for a diverse range of products including Proliant, Blade and Industry Standard Servers, Networking, Server Options and...
Apr. 1, 2015 01:30 AM EDT Reads: 3,947
Learn about the current state of security breaches and what it is costing businesses. One of my recent conversations with a Cloud security expert at a conference opened up doors to some new information for me personally. Our conversation was around the current status of the Cloud Industry, the Security Challenges and how we can make the Cloud more secure and so on. Did you know that security breaches have huge financial implications such as at an average:
Mar. 31, 2015 07:00 PM EDT Reads: 461
Businesses are looking to empower employees and departments to do more, go faster, and streamline their processes. For all workers – but mobile workers especially – utilizing the cloud to reconnect documents and improve processes without destructing existing workflows can have a dramatic impact on productivity. In his session at 16th Cloud Expo, Mark Grilli, vice president of Acrobat Solutions marketing at Adobe Systems Incorporated, will outline new ways that the cloud is changing the way peo...
Mar. 31, 2015 04:00 PM EDT Reads: 1,421
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Mar. 31, 2015 03:59 PM EDT Reads: 575
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment...
Mar. 31, 2015 03:45 PM EDT Reads: 1,013
SYS-CON Events announced today that Solgenia will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional S...
Mar. 31, 2015 03:00 PM EDT Reads: 3,029
SYS-CON Events announced today that QTS Realty Trust, one of the nation’s largest and fastest-growing providers of data center facilities and cloud services and a leader in security and compliance, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. QTS Realty Trust, Inc. (NYSE: QTS) is a leading national provider of data center solutions and fully managed services, and a leader in security and compliance...
Mar. 31, 2015 03:00 PM EDT Reads: 1,379
With the arrival of the Big Data revolution, a data professional is expected to master a broad spectrum of complex domains including data processing, mathematics, programming languages, machine learning techniques, and business knowledge. While this mastery is undoubtedly important, this narrow focus on tool usage has divorced many from the imagination required to solve real-world problems. As the demand for analysis increases, the data science community must transform from tool experts to "data...
Mar. 31, 2015 03:00 PM EDT Reads: 686
SYS-CON Events announced today that Emcien will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Emcien’s vision is to let anyone use data to know the future. Emcien has built an automated, predictive analysis product that improves the lives of real people. Emcien allows people to automate their data analysis so they can build a better future.
Mar. 31, 2015 02:00 PM EDT Reads: 646
The concept of a cloud facilitating applications is by no means new. Those of us who diagrammed network connectivity around 1993 will recall drawing a big puffy cloud symbol in between two local area networks. The cloud represented the mysterious Internet – that mash-up of routers and other items bouncing our packets back and forth through millions of ports, only to reassemble the bytes on the other end into – hopefully — the same item that was sent. Today, we have dissipated that nebulous clou...
Mar. 31, 2015 01:45 PM EDT Reads: 662
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on T...
Mar. 31, 2015 12:00 PM EDT Reads: 1,566
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
Mar. 31, 2015 11:00 AM EDT Reads: 2,241
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
Mar. 31, 2015 09:15 AM EDT Reads: 2,302
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microser...
Mar. 31, 2015 08:30 AM EDT Reads: 2,111
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
Mar. 30, 2015 04:00 PM EDT Reads: 1,193
Mar. 30, 2015 11:45 AM EDT Reads: 1,582
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud....
Mar. 30, 2015 11:00 AM EDT Reads: 1,551
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborat...
Mar. 29, 2015 07:00 PM EDT Reads: 5,290
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed...
Mar. 29, 2015 04:15 PM EDT Reads: 2,476
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
Mar. 29, 2015 03:30 PM EDT Reads: 2,236