Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
Oraco Resources, Inc. (“Oraco”) announced today that it has acquired the contractual rights for the disposition of diamonds, gold, and any other minerals recovered in both the Zimmi Town, Pujehun District and the Gbense Tailings No. 5 reserve in the Koidu Town, Kono District of Sierra Leone through the acquisition of 100% of the ownership of Oraco Resources, Inc., a Canadian corporation (“ORI”), and Jyork Industries, Inc., a Sierra Leone company (“Jyork”).
“Oraco’s main focus in Sierra Leone is to locate, prospect, and mine for diamonds, gold and other natural resources, while at the same time purchasing and exporting rough gem quality diamonds for sorting, polishing, cutting and sale”
“This acquisition and our transition from a private mining and export company to a public company is a major step in the implementation of our growth strategy,” said Charles Huggins, Jyork’s founder.
About Oraco:
Oraco, as a result of the acquisition of ORI and Jyork, is a diamond and gold mining and exporting company with operations in Sierra Leone. Oraco has a broad portfolio of capital investment opportunities that arise from Mr. Huggins’ extensive knowledge of the geology and history of diamond production and exportation in Sierra Leone as well as his long-term presence and established business relationships there. For more information, visit Oraco’s website at www.oracoresources.com.
