Gold Mining and Blockchain Technology
Evaluation of land profitability. Realization of studies in the properties to acquire, by means of soil perforations and analisys of the samples
OREToken Proyect Begins: Road Map. Token Distribution. Whitepaper.
Promotion for Airdrop. Airdrop.
ORET Token ICO.
ORET Token ICO end. Announcement of introduction to exchanges.
Main activities begin: Acquisition of land and machinery for the main extraction plant. Start of production with the pilot plant. (The land to be purchased already includes some trucks and a primary extraction plant that is ready to run.).
First profits sent to the investors will be from the Primary Extraction Plant.
Arrival and installation of the Main Extraction Plant.
Launch of the exclusive Dashboard. Presentation of the Main Extraction Plant. The Main Extraction Plant is put in operation.
Start of profit distribution from the Main Extraction Plant.
Study and technical evaluation for the expansion of the company Acquisition of more hectares near the mine to increase the production of the Company. Exploration of new areas rich in precious minerals. Study the viability for expansion to new areas in the country.
The idea of creating this project emerged in October of 2017.
After the idea, we created the company Paraguay Mineral Mining S.A. and the corresponding studies were carried out to analyze the profitability of the land we intend to acquire, with the help of our experts in the area.
The land is highly profitable but the problem is the way local workers perform.
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.
We put together a great Team and formed a company, Paraguay Mineral Mining SA - (PMMSA). The team, among others, includes 2 people that have the knowledge needed to extract and recover the gold. Our CEO, Nicolaas Spangenberg, a South African, is a Gold Mine Manager with more than 8 years of experience. Juan Villalba is specialized in the extraction and chemical recover of gold with 9 years of experience. We also have all the geological surveys and core drilling analysis of the land we want to acquire, and it shows that the area that we want to exploit is rich in gold. Also, our pilot plant and sampling has proven that the land is rich in gold.
THREE PROJECT VERSIONS.
We have three versions (sizes) for this project, depending on how much capital is raised with the ICO.
Our goal is to raise between $2,500,000 USD and $6,000,000 USD with $6,000,000 as the target.
$6,000,000 USD will enable us to buy 43 hectares on top of the Main Gold Vein from APM (Asociación de Pequeños Mineros).
Each of the three projects is divided into two Areas.
• Area 1 is the Excavated Earth and Alluvial gold. Processing of this gold will start as soon as we acquire the land.
• Area 2 is the Main Vein. Tunneling of the Main Vein will start 3 months after the ICO has ended.
Project Versions 1 - 2 - 3.
Very important. Please note that the Tunneling-ounce-total has only been calculated to a depth of 150 meters, because this is the maximum Diamond Core Drill depth we have. We believe the gold trend continues much deeper due to the fact that at 150 meters we got the best g/t (gram per tonne) results. Therefore, this project will have greater potential than stated below.
• Project One, $6,000,000 USD, 43 hectares with a calculated Open Pit gold deposit of 42,597 ounces plus 276,505 ounces in Tunneling, Totaling 319,102 ounces.
• Project Two, $4,000,000 USD 24 hectares with a calculated Open Pit gold deposit of 28,398 ounces plus 184,336 ounces in Tunneling, Totaling 212,734 ounces.• Project Three, $2,500,000 USD 10 hectares with a calculated Open Pit gold deposit of 14,199 ounces plus 92,168 ounces in Tunneling, Totaling 106,367 ounces.
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