Columbus Gold has recently announced that it has changed its name to Orea Mining Corp, and trading symbol to OREA: TSX, effective 5 June 2020.
The name change to OREA is a natural progression as the company expands its operational scope with an emphasis on sustainable and responsible mining while driving value for investors.
Rock Lefrançois, President and CEO of Columbus, commented: “The new name emphasises the company’s commitment to its growth strategy and corporate objective of evolving from an explorer to also a producer in South America, targeting projects that can be developed with a reduced environmental footprint and upholding the highest international standards for responsible mining.”
The company continues to progress on its plans and objectives for 2020. Ground geophysical surveying at the Maripa Gold Project is anticipated to be completed in early July in preparation for the diamond drilling programme to commence in 3Q20.
At the Montagne d’Or Gold Project, engineering studies for committed project improvements and modifications for mine permitting are scheduled to be completed by mid-year.
The priority for 2020 remains the acquisition of an additional advanced-stage gold project in South America to materialise the objective of growing into a gold producer while putting forward our responsible mining approach. Select acquisition targets have been identified and are under negotiation.