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Orsa Ventures Reviews 2012 Progress; Shares Up 37%

Orsa Ventures Corp. (ORN.V) said the company grew significantly in 2012, with solid development plans for 2013.

During the year, Orsa added additional expertise to its management team, added a large gold resource to its Western United States portfolio, announced a new gold discovery in central Nevada and completed a significant financing, the company said in a release.

In 2012, the Orsa team conducted technical and legal diligence, exercising its option to acquire the Quartz Mountain property from Seabridge Gold and its U.S. subsidiary, and releasing an updated NI 43-101 Technical Report on the property.

The exploration discovery at the Coal Canyon Property near Lovelock, Nevada, is sediment hosted gold mineralization typical of the Oreana Mining Trend. Orsa completed reconnaissance mapping and two phases of trenching reported that a phase trenching on the property.

ORN shares gained three cents to $0.11.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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