Like this video

ORET

Gold Mining and Blockchain Technology

Paraguay Mineral Mining S.A. (PMMSA) has created the ORET Token to raise the necessary funds for the acquisition of the Land, Concessions and Machines for extraction and recovery of Gold. ORET Token is one of the first options in the world of cryptocurrencies to invest and share the profits of a Gold Mining Company. Thanks to the Blockchain technology, all ORET Token holders receive their weekly profits in Ethereum.

3.6
9 8 expert ratings
Benchy 4.0
KYC
Experts
3.8
3.5
3.2
Review: coming soon PRO
~$1,184,092
value of tokens sold in ICO
Ended
Token
ORET
Price in ICO
0.5450 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China
ICO start
1st Nov 2018
ICO end
31st Mar 2019
Visit ICO website
Report
Changelly

About ORET

THE PROBLEM

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.

SOLUTION

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. For more details about our Team Member, please read Board of Directors. 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.

Add to bookmarks
ICO KYC Report
2 members invited
Nicolaas Spangenberg
Passed
Hugo Dominguez
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

ICOs that might interest you

Blueshare

A next-generation, Swiss, trusted, secure, Blockchain liquid, digitalized investment.

70 days 19 hours left
3.9

Talentico

Global decentralized ecosystem based on blockchain, where talented cryptoinvestors earn...

Starts in 24 days 19 hours
5.0

FilmBusinessBuster

A Game Changer For THE FILM INDUSTRY.

6 days 19 hours left
4.3

xCrypt

xCrypt is the first crypto ecosystem with a high added value in its Exchange Platform ...

1 day 19 hours left
Win $0.1 BTC worth PRO subscription!Win $0.1 BTC worth PRO!

Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Learn more Got it