Cryptocurrencies: 5,309
Markets: 30,048
ICO's: 4,983
Market Cap: $343,549,553,847
24h Vol: $81,094,354,397
Dominance: 58.1%
 ORET

ORET

Gold Mining and Blockchain Technology

Website

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.


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.

The Team

Nicolaas Spangenberg

Chief Executive Officer

Hugo Dominguez

Chief Operating Officer

Gricelda Spangenberg Arevalos

Chief Financial Officer

Antonio Caballero

Chief Marketing Officer

Juan Zorrilla

PR manager

Cristian Villalba

Designer

Alexis Carballo

Full-Stack Web Developer

Julian Gonzalez

Logistics Manager.

Nicolas Mercado

Marketing and RP Manager

Financials

Token Info

Type
ERC20
Price in ICO
1 ORET = 0.50 USD
Tokens for sale
12,500,000

Investment Info

Min. investment
50 USD
Distributed in ICO
96%

Related ICOs

Name Status Start Date End Date Total Supply Category Listing
Geco.one
Active
Dec 24th Dec 25th 550,000,000 Platform
Basic