Special Edition #ExploringMining
#Podcast–Exclusive Interview
with Gold Stocks Company, O2Gold Inc. (TSXV: $OTGO.V)
Point Roberts WA, Delta BC, August 17 ,
2021 Investorideas.com, a global
investor news source covering mining and metals stocks releases today’s edition
of Exploring
Mining Podcast, featuring an interview with upper management of O2Gold
Inc. (TSXV:OTGO).
Listen to the
podcast:
https://www.investorideas.com/Audio/Podcasts/2021/081021-Mining-O2Gold.mp3
Read this in full at https://www.investorideas.com/News/2021/exploring-mining/08171O2Gold-OTGO.asp
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O2Gold
Inc.’s (TSXV:OTGO) deep roots and
experience in its region in Colombia, as well as in the mining sector, leave it
well-positioned to begin drilling and get on track for production, according to
members of the company’s upper management, Jaime Nicholas Lalinde and Mateo
Hernandez. Speaking with Investorideas, Lalinde described three factors that
set O2Gold apart from its peers.
“I
think there are three key differentiators for O2Gold relative to the average
exploration play: Our partners, the quality, experience, and jurisdictional
knowledge of our management team, and last – but certainly not least
– is the quality of the project,” he said.
In
the first category, for instance, is Robert Allen, who is the largest
individual shareholder and one of the directors of the company. Lalinde
describes him as “the country’s (Colombia’s) Midas,” who “is easily Colombia’s
most successful gold prospector.”
“Having
his expertise on the board, and his investment in this project, I think speaks
to the quality of the land package,” Lalinde said.
With
regard to the company’s management team, Lalinde stressed the importance of its
locality and consequent familiarity with the region.
“We
are a Colombian management team with a global background,” he said. “Our CEO
(Jaime Lalinde) is Colombian and lives in Medellín near the project. This is a
differentiator because we are one of only two public companies in the entire
region where the CEO is in country, and near the project.”
“Part
of the risk-reward upside of gold exploration plays in emerging markets is
conditional to operational capacity. So, jurisdictional knowledge becomes
extremely valuable in companies like these.”
Just
as important, of course, is the company’s actual property. Lalinde emphasized
its bountiful history, and potential for future production.
“We
have 30,000 hectares along the prolific Otú Fault,” he said. “This is a
district, just along the Otú Fault, that has historically produced an estimated
17 million ounces of gold, and that’s from artisanal methods – so without the
use of modern techniques. That is how rich this area is.”
Lalinde
forecasts a busy year for the company, as it is well prepared to begin
drilling.
“We
have everything in place to begin our drilling campaign near the Aurora tunnel
– drills are on the platform as we speak,” he said. “We have the permitting for
the construction of a processing plant in that planned project area, we have done
extensive soil surface sampling throughout the brownfield and greenfield areas,
and we are on track to drill at least 8,000 metres this year.”
“In
the next 12 months, the company is anticipating a major reevaluation of its
market cap as we define resources in the Aurora brownfield and publish a
43-101.”
In
terms of production, O2Gold is obliged to meet certain minimum recuperation
targets set by
the
mining authority in the next 12 months. The upside to this is the resulting
generation of an estimated $4 million USD, which the company can reinvest into
further exploration and avoid dilution. Mateo Hernandez outlined the importance
of entering production.
“In
the Aurora tunnel we have an expectation…to have a resource estimation, just in
that tunnel, of a little bit over 500 koz, and our expectation is that we can
have a very serious mining plan for that area with a life expectancy of 15-20
years where we can produce 25-30,000 ounces in the very short term (next 12-18
months),” he said.
“In
2022 we want to start drilling extensively,” he added. “If I was to say what
our road map is for the next 10 years, it’s to start progressively developing
each of the zones, where we can have big scale production of a couple million
ounces of gold per year in each independent zone.”
Hernandez
explained that, on top of the distinguishing factors mentioned by Lalinde that
O2Gold possesses, favourable relations with the government and Colombia’s
status as an emerging market justify an ambitious long term vision for the company.
“Our
vision is that, right now, Colombia is what Chile and Peru were in the 70s and
80s,” he said. “Some areas that were extremely prospective, were not
acceptable. And now, we have operations in exactly those areas.”
“Even
though we are just starting in this company, and the sector is just starting as
well, we’re very bullish in our understanding of the geography, and our
understanding of the country, and what this means for the country’s development
as well.”
O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with
activities in Colombia. O2 Gold is focused entirely on the exploration of the
Otú Fault project, with senior management based in nearby Medellín. The team’s
deep roots and experience in Latin America—in both capital markets and
mining—gives it the regional knowledge and operational expertise to create a
world-class project.
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