oretoken

ORET

cryptocurrency, Investment
Token sale will start 01 November
Goal: 2,500,000 USD
Website Whitepaper
OREToken2

The locals in the gold rich area of Paso Yobai negotiated a deal with the company Latin American Minerals Inc. negotiated a hand over of 83.36 hectares that they have the mining rights to. This hand over included 850 meters (2788 feet) of the Paso Yobai gold trend that is defined by an 8,000-meter-long by 300-meter-wide (26246 feet x 984 feet) gold soil anomaly. The 850 meters by 300-meter area contains an average of 7.5 g/t of gold. The locals formed the, Asociación de Pequeños Mineros (Small Miners Association). The problem was that they had little to no experience in mining. Using makeshift Gold Recovery Plants, they only recovered about 30% of the gold. Around 70% of the gold ended up in their Tailings, but this Open Pit Mining was still economically viable to a depth of about 15 meters. As the Pit got deeper the costs of mining rose to a point that it was no longer profitable, so the land owners started to rent out (lease) the land to entrepreneurs. Some of the entrepreneurs brought in better Gold Recovery Plants and did well up to a depth of about 40 meters, but they too were losing, in some cases, up to 50% of the gold in Tailings. Their main problem was that most did not have people with gold recovery experience or mining experience or that they invested in the wrong types of Gold Recovery Systems for this area. Another big problem is that none of the mining operations did any forward planning for the roads inside the Pit. They made makeshift cranes with buckets to hoist out only the ore that contained a high concentration of gold. The rest of the ore was removed by excavator in a step by step manner. In many cases a very costly 8 to 9 step process. All this ore was discarded and not processed. All of the above problems lead to the closure of many of these companies and now there are many gold rich areas up for sale.

Nicolaas Spangenberg
Chief Executive Officer
Hugo Dominguez
Chief Operating Officer
Antonio Caballero
Chief Marketing Officer
Juan Zorrilla
PR Manager
Alexis Carballo
Full- Stack Web Developer
Julian Gonzalez
Logistics Manager
Nicolas Mercado
Marketing and PR Manager
Token Sale: 01 November — 01 December
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ORET token price
$434.5591393 1.0000000 ETH 0.0699549 BTC
4.25/5
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