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Orvana Granted Wetlands Permit for Copperwood Project, Upper Peninsula, Michigan, USA
Published : February 25, 2013
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Keywords :   Bolivia | Copper | Gold | Growth | Market | Reality | Silver | Spain |

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2013) - Orvana Minerals Corp. (News - Market indicators) ("Orvana or the Company"), through its wholly-owned subsidiary, Orvana Resources US Corp ("Orvana USA"), is pleased to report that the Michigan Department of Environmental Quality ("MDEQ") has granted the Wetlands Part 303 and the Inlands Lakes and Streams Part 301 permits for the proposed Copperwood copper mine, Upper Peninsula, Michigan, USA.

"Orvana is pleased that the MDEQ has granted this permit," said Jim Jacques, Chief Operating Officer of the Company and General Manager of Copperwood. "The interaction and dialogue with the MDEQ, as well as their interaction with the Environmental Protection Agency, resulted in a permit that not only includes the creation and preservation of a significant acreage of wetlands proximal to the Copperwood project, but clearly outlines parameters for the proposed mine to be operated in an environmentally-responsible manner as well. We thank the local communities, local businesses, local officials, and especially Gogebic County officials, along with state legislatures and officials for their continued support of our efforts to make a mine in this area a reality."

General aspects of the permit can be viewed on the MDEQ website at

About Orvana

Orvana Minerals is a multi-mine gold and copper producer. Orvana's primary asset is the El Valle-Boinás/Carlés gold-copper Mine in northern Spain and operates the Don Mario Upper Mineralized Zone Mine in Bolivia, which is a copper-gold-silver deposit. Orvana is also advancing its Copperwood copper project in Michigan, USA. Additional information is available at Orvana's website (

Forward-Looking Disclaimer

Certain statements in this press release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as "believes", "expects", "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might", "will" or "are projected to" be taken or achieved) are not statements of historical fact, but are forward-looking statements.

Forward-looking statements relate to, among other things, all aspects of the development of the Upper Mineralized Zone ("UMZ") deposit at the Don Mario Mine in Bolivia, the El Valle-Boinás/Carlés Mine in Spain and the Copperwood project in Michigan and their potential operations and production; the outcome and timing of decisions with respect to whether and how to proceed with such development and production; the timing and outcome of any such development and production; estimates of future capital expenditures; mineral resource estimates; estimates of permitting time lines; statements and information regarding future feasibility studies and their results; production forecasts; future transactions; future metal prices; the ability to achieve additional growth and geographic diversification; future production costs; future financial performance, including the ability to increase cash flow and profits; future financing requirements; and mine development plans.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Orvana as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of Orvana contained or incorporated by reference in this news release, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company's most recently filed Annual Information Form, or as otherwise expressly incorporated herein by reference as well as: there being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; permitting, development, operations, expansion and acquisitions at the UMZ deposit, El Valle-Boinás/Carlés Mine and the Copperwood project being consistent with the Company's current expectations; political developments in any jurisdiction in which the Company operates being consistent with its current expectations; certain price assumptions for gold, copper and silver; prices for key supplies being approximately consistent with current levels; production and cost of sales forecasts meeting expectations; the accuracy of the Company's current mineral reserve and mineral resource estimates; and labour and materials costs increasing on a basis consistent with Orvana's current expectations.

A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward-looking statements. Some of these risks, uncertainties and factors include fluctuations in the price of gold, silver and copper; the need to recalculate estimates of resources based on actual production experience; the failure to achieve production estimates; variations in the grade of ore mined; variations in the cost of operations; the availability of qualified personnel; the Company's ability to obtain and maintain all necessary regulatory approvals and licenses; the Company's ability to use cyanide in its mining operations; risks generally associated with mineral exploration and development, including the Company's ability to develop the UMZ deposit, the Copperwood project or the El Valle-Boinás/Carlés Mine; the Company's ability to acquire and develop mineral properties and to successfully integrate such acquisitions; the Company's ability to obtain financing when required on terms that are acceptable to the Company; challenges to the Company's interests in its property and mineral rights; current, pending and proposed legislative or regulatory developments or changes in political, social or economic conditions in the countries in which the Company operates; general economic conditions worldwide; and the risks identified in Orvana's Management's Discussion and Analysis for the period ended June 30, 2012 under the heading "Risks and Uncertainties". This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's Annual Information Form for a description of additional risk factors.

Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to put undue reliance on forward-looking statements.

Orvana Minerals Corp.
Natalie Frame
Investor Relations
(289) 200-7640
Orvana Minerals Corp.
Bill Williams
President and Chief Executive Officer
Orvana Minerals Corp.
Jim Jacques
Chief Operating Officer
Companies Mentionned : Aura Minerals | Reliance | X-ore |
Data and Statistics for these countries : Bolivia | Spain | All
Gold and Silver Prices for these countries : Bolivia | Spain | All

Orvana Minerals Corp

ISIN : CA68759M1014
CUSIP : 68759M101
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Orvana Min. is a producing copper and gold company based in Canada.

Orvana Min. produces copper, gold, silver in Bolivia and in Spain, and holds various exploration projects in Bolivia.

Its main assets in production are DON MARIO (CERRO PELADO) in Bolivia and EL VALLE-BOINÁS/CARLÉS in Spain and its main exploration property is COPPERWOOD in Bolivia.

Orvana Min. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 24.6 millions as of today (US$ 18.9 millions, € 17.0 millions).

Its stock quote reached its lowest recent point on December 29, 2000 at CA$ 0.05, and its highest recent level on December 24, 2010 at CA$ 3.97.

Orvana Min. has 136 620 000 shares outstanding.

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Annual reports of Orvana Minerals Corp
Reports Annual Results for Fiscal 2010
Financings of Orvana Minerals Corp
5/18/2011Obtains US$15 Million Bridge Loan Commitment and Amends Shar...
Nominations of Orvana Minerals Corp
3/30/2015Announces Appointment of New Chief Executive Officer
4/8/2013. Announces Appointment of New Interim Chief Executive Offic...
3/6/2013Announces Board of Directors Election Results
3/9/2012Announces Changes to Board of Directors
1/4/2012Appoints Ron Simkus to the Board of Directors
2/25/2010Appointment of Roland Horst as Chief Executive Officer
8/24/2009Appoints James Gilbert to board of Directors
10/3/2006appoints Carlos Mirabal new CEO
Financials of Orvana Minerals Corp
2/5/2015Reports First Quarter Fiscal 2015 Results, Strong Balance Sh...
2/7/2014Orvana Reports Results for the First Quarter of Fiscal 2014 ...
2/8/2013Orvana Reports Results for the First Quarter of Fiscal 2013 ...
12/21/2012Reports Adjusted Net Income of $0.09/Share for the Fourth Qu...
5/15/2012Reports Results for the Second Quarter Ended March 31, 2012
3/15/2012Announces Results for the First Quarter Ended December 31, 2...
3/1/2012Announces Revised Issue Date for Its Financial Statements fo...
2/14/2011Reports First Quarter Results for the Three Months Ended Dec...
2/16/2010Reports operating results for the first quarter ended decemb...
8/17/2009Operating results for the third quarter ended june 30, 2009
2/13/2009reports operating results for the first quarter ended decemb...
8/15/2008Reports operating results for the third quarter ended june 3...
5/15/2008Reports Operating Results for the second Quarter ended March...
Project news of Orvana Minerals Corp
12/16/2014(Copperwood)Receives $7.5 Million Additional Cash Payment for Copperwood...
12/9/2014Reports Record Gold and Copper Production, Balance Sheet Sig...
12/6/2013Orvana Reports Record Mine Performance and Fiscal 2013 Resul...
10/15/2013Orvana Surpasses 2013 Production Guidance
10/15/2013Surpasses 2013 Production Guidance
9/23/2013(Copperwood)Provides Update on Copperwood Project, Upper Peninsula, Mich...
2/25/2013Orvana Granted Wetlands Permit for Copperwood Project, Upper...
2/25/2013(Copperwood)Granted Wetlands Permit for Copperwood Project, Upper Penins...
11/14/2012(Copperwood)Granted Discharge Permits for Copperwood Project, Upper Peni...
10/18/2012Orvana Reports Production Results for the Fourth Quarter and...
4/30/2012(Copperwood)Receives Part 632 Mining Permit for Copperwood Project, Uppe...
2/7/2012(Copperwood)Announces Feasibility Study Results for Copperwood Project, ...
3/25/2011(El Valle-boinás/carlés)Provides Update from El Valle-Boinas/Carles Mine, Northern S...
1/20/2011(El Valle-boinás/carlés)Provides EVBC Development Update and Reports Drill Results F...
2/17/2010(El Valle-boinás/carlés)Provides update on El Valle-Boinas/Carles Project
7/13/2009(Copperwood)Provides drill program update
2/13/2009(Copperwood)New drill results from Copperwood
2/11/2009(Copperwood)Collection for environmental studies commenced at copperwood
2/9/2009(Don Mario (cerro Pelado))Progresse on a detalied Operation Study
Corporate news of Orvana Minerals Corp
12/18/2015Orvana Reports Year End, Fourth Quarter Fiscal Results and P...
11/24/2015Orvana Announces the Appointment of Two New Directors
11/18/2015Orvana Files NI 43-101 Technical Report For Don Mario Mine, ...
11/13/2015Orvana Meets Fiscal 2015 Production, Costs and Capex Guidanc...
10/1/2015Merger Market article from Sept 11, 2015
9/30/2015Orvana Announces Two New Mineral Resource Estimates at Don M...
9/16/2015Orvana on Track to Deliver Don Mario Mine Life Extension and...
9/3/2015Orvana Minerals Corp. Earnings Q3, 2015
8/19/2015Orvana Minerals Corp. Earnings Q2*, 2015
8/7/2015Orvana Reports Third Quarter Fiscal Results
5/6/2015Q2 2015 Orvana Minerals Corp Earnings Release - After Market...
5/6/2015Reports Second Quarter Fiscal 2015 Results - Expects to Meet...
5/6/2015Orvana Reports Second Quarter Fiscal 2015 Results - Expects ...
4/13/2015to Present at the European Gold Forum, Zurich and the 1-2-1 ...
4/13/2015Orvana to Present at the European Gold Forum, Zurich and the...
4/12/2015Orvana Reports Production for Second Quarter 2015 and Update...
4/8/2015Orvana Announces Appointment of Chief Financial Officer
3/30/2015Orvana Announces Appointment of New Chief Executive Officer
3/25/2015to Present at the John Tumazos Very Independent Research Met...
3/25/2015Orvana to Present at the John Tumazos Very Independent Resea...
2/27/2015Orvana Announces Results of Annual Shareholders' Meeting
2/24/2015Orvana to Exhibit at Prospectors and Developers Association ...
2/23/2015Announces Annual Shareholders' Meeting, Live Webcast Februar...
2/23/2015Orvana Announces Annual Shareholders' Meeting, Live Webcast ...
2/5/2015Orvana Reports First Quarter Fiscal 2015 Results, Strong Bal...
1/26/2015Video-Corporate Presentation - January 2015 for Orvana Miner...
1/17/2015Continues to Deliver Results in the First Quarter 2015 and R...
1/17/2015Orvana Continues to Deliver Results in the First Quarter 201...
1/8/2015to Attend Vancouver Resource Investment Conference January 1...
1/8/2015Orvana Minerals to Attend Vancouver Resource Investment Conf...
12/16/2014Orvana Receives $7.5 Million Additional Cash Payment for Cop...
12/9/2014Orvana Reports Record Gold and Copper Production, Balance Sh...
12/1/2014Orvana Announces Fourth Quarter Financial Results Release Da...
11/4/2013Orvana Minerals takes strides towards sustained profitabilit...
8/15/2013Midday Breaking News From Orvana and Eagle Hill
8/15/2013Reports Successful Completion of Annual Wage Negotiations at...
8/9/2013Orvana Achieves Strong Mine Performance in Fiscal Third Quar...
8/9/2013Achieves Strong Mine Performance in Fiscal Third Quarter
7/8/2013Midday Breaking News From Cavan=2C Orvana=2C and Pacific Pot...
7/8/2013Advises Production Guidance for Fiscal 2013 Remains on Targe...
6/17/2013Reports Hoist Incident and Provides Company Update
5/14/2013Mid-Day Breaking News From Orvana, Skyharbour, Zenyatta, Dig...
5/14/2013Achieves Strong Mine Performance In Fiscal Second Quarter
4/24/2013Celebrates 60 Years on the TSX
4/15/2013Mid-Day Breaking News From Orvana Minerals and Pacific Potas...
1/3/2013Reports Fiscal 2012 Conference Call Details
12/13/2012Orvana Reports Revised Resource and Reserve Estimates for th...
12/13/2012Reports Revised Resource and Reserve Estimates for the Upper...
11/21/2012Mid-Day Breaking News From Balmoral, TomaGold, Orvana, and S...
11/21/2012and Michigan Department of Environmental Quality Agree to Ex...
10/18/2012Reports Production Results for the Fourth Quarter and Fiscal...
7/10/2012Announces June Operations Update for the Upper Mineralized Z...
6/19/2012Announces May Operations Update for El Valle-Boinas/Carles G...
6/5/2012Announces Changes to Executive Management
5/9/2012Provides an Operations Update for the Upper Mineralized Zone...
4/17/2012Announces Operations Update at El Valle-Boinas/Carles Gold/C...
4/10/2012Announces Commercial Production and Increases Gold and Silve...
2/16/2012Completes a US$13.8 Million Increase in Its Credit Facility ...
1/18/2012Provides an Operations Update and Revised Reserve Estimate f...
12/13/2011Reports Results for the Year Ended September 30, 2011
12/6/2011. Announces Changes in Management
11/22/2011Reports Employee Fatality
11/10/2011on Orvana Operations and Additional Gold Hedging
9/22/2011Announces Drill Results and Provides an Operations Update at...
2/26/2010Additions to board of directors
1/15/2010Update on activities relating to El valle-Boinas/Carles
10/5/2009Amalgamation of kinbauri gold corp. and orvana minerals acqu...
9/25/2009Completes Compulsory Acquisition of Kinbauri Common Shares
8/18/2009Takes up Kinbauri shares and extends offer until august 28, ...
8/13/2009 Urges Kinbauri shareholders to tender their shares
8/4/2009Extends offer to acquire kinbauri to august 17, 2009
7/30/2009Supports Kinbauri's decision to let shareholders decide
7/30/2009Urges Kinbauri shareholders to tender to its all-cash offer
7/29/2009Issues reminder that its all cash offer
7/28/2009Kinbauri Shareholders Urged to Tender To The Orvana Offer by...
7/24/2009receives notification that Kinbauri has agreed to waive its ...
7/21/2009raises cash offer for Kinbauri to C$0,75 per share
7/15/2009Extends its offer to acquire Kinbauri Gold Corp.
7/2/2009Extends its Offer to Acquire Kinbauri Gold Corp. to July 13,...
5/25/2009Commences all-cash offer to acquire Kinbauri Glod Corp.
5/12/2009Reaffirms intention to offer to acquire Kinbauri Gold Corp.
5/11/2009Announces intention to make an offer to acquire Kinbauri Gol...
12/4/2008Reports Record Revenue, Cash Provided by Operating Activitie...
10/17/2008Press Release-October 16-08
9/10/2008Enters into a minerals lease in the state of Michigan
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