Dan Noone CEO G2 GOLDFIELDS
Can you introduce G2 Goldfields and its projects in Guyana?
Our history in Guyana dates to 2019, marked by our initial discovery on the Oko project. Subsequently, we released a maiden resource estimation in April 2022, indicating a combined resource of 1.2 million oz Au at just above 9 g/t. Notably, our exploration efforts have unveiled additional zones such as Ghanie Central and South, underlining the vast potential of the region. The area we operate in has a rich history dating back to the 1870s gold rush, and it holds promise for establishing a thriving mining district. What is Guyana like as a mining jurisdiction?
In terms of mining, Guyana is best described as an emerging nation with significant potential. Guyana's history boasts a rich mining heritage, and there is a growing trend of new discoveries. The Guyanese government has been supportive and accommodating. How does G2 Goldfields approach ESG in Guyana?
We believe in leaving the environment in a better state than we found it each day, and this philosophy guides our decisions. While operating in more remote areas of Guyana can present challenges, our overarching objective is to minimize our environmental footprint, preserve the ecosystem, and enhance the well-being of local communities. Our approach is supported by well-defined processes and procedures that ensure sustainability is not merely a goal but a measurable and ongoing commitment. Do you have a final message?
Our primary focus over the next 12 to 18 months revolves around expanding our high-grade resources. We are particularly keen on projects with low capital expenditures, and we believe high-grade mines equate to a rapid payback and substantial value creation for our shareholders. Our unwavering commitment to exploration and our high-grade deposits position us for success, not only as a mining company but as a key contributor to the development of a thriving mining district in Guyana.
Alexandre P. Boivin CEO QUIMBAYA GOLD
Can you introduce Quimbaya Gold and how you plan to use the capital raised during your recent private placement?
Quimbaya Gold is the next big exploration company in Colombia. We have a great team with lots of experience and approximately 40,000 ha of property, with our flagship project Tahami located in Segovia and bordering the biggest producing gold project in Colombia.
Quimbaya Gold started as a private company, carrying out a non-offering IPO, and even today we still maintain a tight capital structure. In the last year, we have seen a change in government here in Colombia, which opened a lot of opportunities for us, and we acquired two other projects.
The private placement had two goals: advance exploration by defining drill targets and start a promotion campaign to raise awareness of our activities in Colombia, as we had been quite silent up until now. We will need more capital going forward, so we want to ensure we protect our shareholders and dilute the company intelligently to create value.
Which projects are you prioritizing going forward?
Looking at the Tahami project in Segovia, there are up to 25 historical mines there and we are currently consolidating all the historical information. The existing historical mines make things easier as we can enter the mine and get data, rather than relying only on soil samples and superficial grab samples. Tahami is also surrounded by existing producers, so if we find an economical deposit there it will be easy to make a deal with them. Segovia is amazing, the gold is high-grade and we can see how existing players in the area, like Aris Mining, have developed a very successful model.
We have a good network in Colombia and are the fastest group to stake claims in the country. If you make a big discovery, without first consolidating the area, it will cost more to expand after the fact. That is why we are consolidating and doing basic exploration simultaneously, then drilling afterward. Additionally, our Maitamac project with over 26,000ha of virgin land also has the potential to yield great results.