M&A / Property

Orecap Completes Ownership Consolidation at McGarry Project

By The Northwire Desk — AI Analysis Oct 31, 2025 · 06:01 OCI · 0.085 Orecap Invest Corp.

OCI · Price

Orecap Invest Corp. completed the acquisition of the remaining 25 % interest in the McGarry Project, achieving 100 % ownership of all tenures (46 patented claims and 5 licences).
The transaction was paid for with $50,000 cash and 620,498 Orecap shares (≈$0.08058 per share), totaling a purchase price of $100,000.
McGarry hosts a historical NI 43‑101 indicated resource of 447,000 oz Au at 8.57 g/t and an inferred resource of 157,000 oz Au at 5.83 g/t, plus extensive underground infrastructure (shaft to 2,290 ft).

Tenure: 681 ha covering 2.4 km of the Cadillac‑Larder Lake Break; now 100 % owned by Orecap, subject only to existing royalties.
Historical Resources (NI 43‑101):
Indicated: 447,000 oz Au @ 8.57 g/t (123 k oz).
Inferred: 157,000 oz Au @ 5.83 g/t (30 k oz).
Infrastructure: Existing shaft, hoist and surface facilities upgraded for underground mining; shaft depth 2,290 ft below surface.
Historical Production & Exploration:
Underground production ceased in 2013.
Notable historic drill intercepts (selected):
- Hole 22‑111A, Section 600W: 0.681 oz/ton (23.35 g/t) over 1.9 ft; 0.191 oz/ton (6.55 g/t) over 8 ft.
- Hole 22‑96, Section 400W: multiple intervals up to 0.316 oz/ton (10.83 g/t).
- Hole 22‑107C, Section 1000W: 0.224 oz/ton (7.68 g/t) over 10 ft.
Tailings Potential: Kerr Addison historic tailings (~11 M oz Au @ 9 g/t) lie within McGarry limits; Orecap will evaluate recovery economics under Ontario’s simplified permitting regime.
Transaction Terms:
Cash consideration: $50,000.
Share consideration: 620,498 Orecap shares (VWAP $0.08058).
Total purchase price: $100,000 (≈$0.160 per % of tenure).
Strategic Rationale: Full control enables Orecap to pursue regional consolidation with adjacent Gold Candle Kerr Addison and Agnico Eagle Upper Beaver projects, leveraging existing infrastructure for a lower‑cost, accelerated development timeline.

(No direct CEO/President quotes were included in the release.)

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