Special Edition #ExploringMining #Podcast–Interview with Colombian
Mining Company, O2Gold Inc. (TSXV: $OTGO.V)
Point Roberts WA, Delta BC, August 16 ,
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/08161Interview-O2Gold.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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