Proactive Investors - Minaurum Gold Inc (TSX-V:MGG, OTCQX:MMRGF), led by CEO Darrell Rader, specializes in precious metals exploration in Mexico.
The company is advancing its flagship Alamos project, employing a novel strategy of simultaneous exploration and permitting.
Minaurum Gold aims to unveil its maiden silver resource this year, highlighting the Alamos Project's significant potential.
The company's drilling program reveals a promising silver vein system with the potential for substantial mineralization.
At PDAC 2024, Rader discussed the company's strategic focus on the Alamos project, emphasizing the importance of concurrent exploration and permitting efforts.
Proactive: We are on the floor of PDAC 2024, and I'm joined by Darrell Rader, who's the CEO of Minaurum Gold Inc (TSX-V:MGG, OTCQX:MMRGF). Lovely to meet you.
DR: Pleasure meeting you as well. Thanks for having me.
Tell us a little bit more about the company. I know you're a precious metals-focused explorer in Mexico, correct?
Minaurum Gold is a district-scale gold and silver developer in Mexico. Our business model is to explore, develop, and make new discoveries in districts, eventually monetizing them. We have a track record of making discoveries, putting mines into production, and selling companies we were involved with in the past.
Let's talk about the flagship project, the Alamos project in Mexico. You have a unique strategy of conducting exploration side by side with permitting. Why is that important?
Permitting is almost as important as exploration results. At the Alamos project, we started permitting at the same time we began drilling. This year, we hope to complete our maiden silver resource, giving the market an idea of our deposit's size. We're now the only recent silver discovery in Mexico that's fully permitted through to production, thanks to our permitting efforts.
What have you seen in the drill program that gives you confidence in this resource?
Our unique aspect is the silver vein system with very wide veins, showing strong silver grades and base metals, especially copper. The district has a history of over 200 million ounces mined, indicating significant potential for new discoveries.
With the current trends in the silver market, what gives you confidence?
The recent price move in gold and silver has been less talked about, but it reminds me of the optimism seen in 2015. Silver usually outperforms gold in percentage terms, and the physical market's tightness, along with gold's breakout, suggests silver could soon follow.
It's been great discussing Minaurum Gold's prospects with you, Darrell. We'll be following your progress closely.
Thank you. Looking forward to sharing more updates.