PRE-SALE IS LIVELearn More
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.
Our goal is to create a cryptocurrency that will be entirely backed by a company dedicated to the extraction of precious minerals such as gold.
The company, Paraguay Mineral Mining S.A. (PMMSA) will distribute 45% of the net profits to all ORET Token holders. This distribution will be done on a weekly basis.
As a result of the geological exploration of the area, our experts have calculated that the average gold mineralization is 7.5 g of 999 alloy of Gold per ton of ore. The calculations show that our projected plant will give a net profit of 2,517,500 USD per month of which 1,132,875 USD which will be equally distributed among the 12,500,000 ORET tokens. That is equivalent to 0.09 UDS per ORET per month.
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